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NexGen indicators and review (www.nexgent3.com)
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NexGen indicators and review (www.nexgent3.com)

  #171 (permalink)
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Trader Duck View Post
Thanks for the post. Others have been so negative that I have decided not to share what I know and what I've been working on. It would be too much of a distraction to have to explain to those who are negative and don't put in the work. Winners are positive. None of my posts have been given any thanks. My critics got thanks, but none for the Duck. So there will be no more posts with charts and my ideas after this. I have put in honestly thousands of hours studying charts and books. I have made discoveries that go beyond what I have been taught. I love doing this kind of chart work and it does help me develop my eye and my understanding. When I get into something, I go all the way. I play chess; I once beat Grandmaster Sergie Kudrin who was ranked among the top 50 chess players in the world. I play classical piano; my teacher won the national piano competition in Russia when he was young. He now takes only the best for his students. I play Bach and Chopin at the highest level. I wrestled in college; I beat Bill Murdock the year he took 1st place in the NCAA tournament at the 191 weight class for the University of Washington. I'm saying that I am a winner. To be a winner you have to be focused and work hard. I am close to being a Master Trader. I suspect that many aren't willing to put in the kind of hard work that I have. Well, I'll just keep it to myself then and leave them to their own discoveries. Here is a chart of Monday's trades that met my new rules. Remember, the truth is in the charts. If you don't know what I know, you wont understand the charts. I use many time frames for confirmation but trade the 220 and had only room for it for the screenshot. The naysayers will tell you that it isn't real. I can't be distracted by them. Winners don't care about the nay sayers. Beware Traders: Follow the winners. Dont listen to the losers.
-Trader Duck-

What is your MACD BB setting

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  #172 (permalink)
Elite Member
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Trader Duck View Post
Thanks for the post. Others have been so negative that I have decided not to share what I know and what I've been working on. It would be too much of a distraction to have to explain to those who are negative and don't put in the work. Winners are positive. None of my posts have been given any thanks. My critics got thanks, but none for the Duck. So there will be no more posts with charts and my ideas after this. I have put in honestly thousands of hours studying charts and books. I have made discoveries that go beyond what I have been taught. I love doing this kind of chart work and it does help me develop my eye and my understanding. When I get into something, I go all the way. I play chess; I once beat Grandmaster Sergie Kudrin who was ranked among the top 50 chess players in the world. I play classical piano; my teacher won the national piano competition in Russia when he was young. He now takes only the best for his students. I play Bach and Chopin at the highest level. I wrestled in college; I beat Bill Murdock the year he took 1st place in the NCAA tournament at the 191 weight class for the University of Washington. I'm saying that I am a winner. To be a winner you have to be focused and work hard. I am close to being a Master Trader. I suspect that many aren't willing to put in the kind of hard work that I have. Well, I'll just keep it to myself then and leave them to their own discoveries. Here is a chart of Monday's trades that met my new rules. Remember, the truth is in the charts. If you don't know what I know, you wont understand the charts. I use many time frames for confirmation but trade the 220 and had only room for it for the screenshot. The naysayers will tell you that it isn't real. I can't be distracted by them. Winners don't care about the nay sayers. Beware Traders: Follow the winners. Dont listen to the losers.
-Trader Duck-

Hey Duck!!!

Don't react like that. A lot of people on this forum are trading live and they do it for a while. When someone marks charts with entries and exits just like "blah... blah... blah..." for them and for me also. The only way you can show that your way bring you over 100 ticks for your session is start you own trading journal and show some of you trades (live, sim or replay).

Telling that you are a winner and other losers just doesn't work. I'm not saying that you are loser I'm just saying that if you want to share your method and your way to trade that journal with trades would be right way to do it.

What do you use for your entries anyway? Do you use your MACD and Stochastics? Looking at the last chart you posted all I can see used is small trigger lines. You enter when it cross them by two ticks and revers when bars crosses it in opposite direction. May be there is something deeper in your system I don't know. It just look like that. I didn't see any divergences marked on the chart or any fibs, S/R levels.

Why don't you tell us little bit more about your strategy.

I think anybody would love to read about strategy that gives you over 100 ticks a session.

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  #173 (permalink)
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Trader Duck View Post
Thanks for the post. Others have been so negative that I have decided not to share what I know and what I've been working on. It would be too much of a distraction to have to explain to those who are negative and don't put in the work. Winners are positive. None of my posts have been given any thanks. My critics got thanks, but none for the Duck. So there will be no more posts with charts and my ideas after this. I have put in honestly thousands of hours studying charts and books. I have made discoveries that go beyond what I have been taught. I love doing this kind of chart work and it does help me develop my eye and my understanding. When I get into something, I go all the way. I play chess; I once beat Grandmaster Sergie Kudrin who was ranked among the top 50 chess players in the world. I play classical piano; my teacher won the national piano competition in Russia when he was young. He now takes only the best for his students. I play Bach and Chopin at the highest level. I wrestled in college; I beat Bill Murdock the year he took 1st place in the NCAA tournament at the 191 weight class for the University of Washington. I'm saying that I am a winner. To be a winner you have to be focused and work hard. I am close to being a Master Trader. I suspect that many aren't willing to put in the kind of hard work that I have. Well, I'll just keep it to myself then and leave them to their own discoveries. Here is a chart of Monday's trades that met my new rules. Remember, the truth is in the charts. If you don't know what I know, you wont understand the charts. I use many time frames for confirmation but trade the 220 and had only room for it for the screenshot. The naysayers will tell you that it isn't real. I can't be distracted by them. Winners don't care about the nay sayers. Beware Traders: Follow the winners. Dont listen to the losers.
-Trader Duck-

I am happy to have a 'winner' on this board! You seem to have a lot of bravado or 'machismo' and to me it is rare to see this and a trader to be truly profitable. I do not doubt your experience, which I respect until told otherwise, but at this point it doesn't matter 'what we think of you'.

Slow down a bit, so us slow guys can keep up some and learn from you. I bet you could learn from us in some ways as well. (maybe not?)....

Anyways, your trades look very similar to a Supertrend ATR style breakout system. Trading pivot to pivot works when the pivots are happening, but how do you stay out of the chop?

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  #174 (permalink)
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Using NFT Also???

TraderDuck,

Are you also a student of NFT? I see that you've implented NFT into your backtest along with the nexgen and stochastics.

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  #175 (permalink)
Shri
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Nice work Duck.
Getting success in trading is like getting success in any kind of job/business
Unless someone put real hard work none of the indicators are going to make money
One should confidence in their indies
And follow a strategy
What works for one may not necessarily works for another

The greatest danger for most of us is not that our aim too high and we miss it,
but that it is too low and we reach it.
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  #176 (permalink)
Elite Member
Napa, CA USA
 
Futures Experience: Master
Platform: NT, TS, eSignal, MarketDelta, ThinkorSwim, Ensign, Wave59, Nexgen,
Favorite Futures: ES
 
Posts: 17 since Sep 2011
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Fibonacci Convergences / confluences on Multiple Timeframes

I've set up several charts that allow me to see the very important fibonacci confluence areas from multiple time frames. Using Nexgen, I can easily see where the next point of movement should be by looking at other timeframes that have a fibonacci line in the same area. When I see several timeframes with fibs in the same area, and the market is trending in that direction---I know where, with high probability, the next market movement trend will go ultimately.

It is actually truly amazing to watch. Like today (9/9/2011): There has been a fibonacci line at 1188 for many days on the 30 minute ES chart, the 7 range, 15 minute, also, there were fibs lines that appeared hours prior on the 5 minute chart while the 3 and 1 minute charts, the fibs showed up as the market was coming into that area. The market rolled to the tick on the 30 minute fib line. . .

This happens so often, it has never ceased to amaze me.

Here's the link for the beginning of the trend on a 30 minute--and the retracement, the later part of the day, using a 1 minute ES (look at the set together). : http://flic.kr/s/aHsjvYMrxH




In response to randomness: My review on Nexgen is that is works! But, you need to see IMPORTANT fib lines---not just small, minor ones. What I've found Nexgen does very well, is provide CONTEXT to the STRUCTURE of the market.

Here's the 30 min that started the trend (see below for the day's finish):
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BOB stand for Best of the Best Trade.

Here the day's finish on a 1 minute for the retracement of the trend:
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Add that to whatever else you use, Market Profile, EMA's Keltner's, Elliott, and other programs and you've got a lot more knowledge about the market structure.

I've heard all the discussion about randomness, I've seen the reports and Mr. Prechters's denial of Fibs. But Fibs WORK way better than Elliott Wave for day trading and are superior setup generators. Try doing that with Elliott Wave. VERY difficult. My choice in using Nexgen for this process is that I can see the confluence areas of multiple timeframes.


Last edited by dawntrader; September 9th, 2011 at 07:43 PM. Reason: image url didn't work and was misplaced in the wrong area.
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  #177 (permalink)
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Read this:

6.18 Reasons Why Fibonacci Is An Illusion
6.18 Reasons Why Fibonacci Is An Illusion | Articles-Technical-Analysis

and when you have some spare time, this thread:

Random Line Theory
https://futures.io/traders-hideout/7364-random-line-theory.html

Happy reading :-)

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  #178 (permalink)
Elite Member
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Futures Experience: Master
Platform: NT, TS, eSignal, MarketDelta, ThinkorSwim, Ensign, Wave59, Nexgen,
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Fibonacci is only random when using one timeframe

I'm trying to show that by using multiple timeframes, I see everyday, every hour, areas that have the same fibonacci lines drawn in by Nexgen. There are lots of ways to think about Fibonacci trading (too many). The way that I have found that works is a method (utilizing software, naturally) that incorporates many timeframes and I look at confluence of these timeframes.

I used to think Fib's were random---until I started watching multiple timeframes on Nexgen. Now I can see the major fib confluence areas. I've got boatloads of screencaptures to prove it.

The market often starts a trend or retraces. Let me put up the one minute chart from the later part of the day. I have the 30 minute showing the start of the trend (which I sent out emails to trading friends letting them know there was a real great opportunity. 50 ES points later....

The one minute for today (9/9/11) shows how the market stopped ---the end of today's trend(with a tad of momentum). It provided that support line hours before and then bounced around that same fib area. Most of the smaller timeframe charts plotted this important fib area using Nexgen. It finally took off FROM that fib area to the Next resistance (see ONE minute chart in the Flickr Set.)


Last edited by dawntrader; September 9th, 2011 at 07:22 PM.
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  #179 (permalink)
Elite Member
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Futures Experience: Master
Platform: NT, TS, eSignal, MarketDelta, ThinkorSwim, Ensign, Wave59, Nexgen,
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7 Range Triangle Before the market rolled

This chart shows when the ES was starting to rollover above 1300. It's a 7 range.
The key here is that there are FIB lines that Nexgen plots right ABOVE as resistance in the triangle. Not that a good trader couldn't already see it, but look at the Nexgen signal for a down move. That's convenient.


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  #180 (permalink)
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Trader Duck View Post
Thanks for the post. Others have been so negative that I have decided not to share what I know and what I've been working on. It would be too much of a distraction to have to explain to those who are negative and don't put in the work. Winners are positive. None of my posts have been given any thanks. My critics got thanks, but none for the Duck. So there will be no more posts with charts and my ideas after this. I have put in honestly thousands of hours studying charts and books. I have made discoveries that go beyond what I have been taught. I love doing this kind of chart work and it does help me develop my eye and my understanding. When I get into something, I go all the way. I play chess; I once beat Grandmaster Sergie Kudrin who was ranked among the top 50 chess players in the world. I play classical piano; my teacher won the national piano competition in Russia when he was young. He now takes only the best for his students. I play Bach and Chopin at the highest level. I wrestled in college; I beat Bill Murdock the year he took 1st place in the NCAA tournament at the 191 weight class for the University of Washington. I'm saying that I am a winner. To be a winner you have to be focused and work hard. I am close to being a Master Trader. I suspect that many aren't willing to put in the kind of hard work that I have. Well, I'll just keep it to myself then and leave them to their own discoveries. Here is a chart of Monday's trades that met my new rules. Remember, the truth is in the charts. If you don't know what I know, you wont understand the charts. I use many time frames for confirmation but trade the 220 and had only room for it for the screenshot. The naysayers will tell you that it isn't real. I can't be distracted by them. Winners don't care about the nay sayers. Beware Traders: Follow the winners. Dont listen to the losers.
-Trader Duck-

Well, I really embarrassed myself with this post, I regret posting it. Looks like I have a bad attitude and some anger issues. I appologize for this post and I will try to be more postitive on this forum.

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