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NexGen indicators and review (www.nexgent3.com)


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NexGen indicators and review (www.nexgent3.com)

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  #181 (permalink)
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Dumb Question.
Well I took their demo. That number is what you can theoretically make out of that move.



sunny135 View Post
Hi Everyone
Here in this picture there is a number next to entry signal. Entry is based on stacked areawhich is price hitting Mid Band of ketler channel and with confirmation with macd BB. on revrsal bar it prints that signal bar but i could not figure out the number that prints with that bar. Please reply if anyone knows.




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  #182 (permalink)
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I was hoping someone could give us/me an idea what are the MACDBB Settings....anyone have an idea?

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  #183 (permalink)
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I don't see why the MACDBB settings wouldn't be standard.
Same with the Trigger Lines.
It's the Fibs that are a mystery.





ETA: Remember the MACDBB won't work after such a big drop like today. Novak tells you in one of his videos
that you have to wait for the BB dots to cross the zero line of say, the 55 EMA to reset when they behave "normal" again.

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  #184 (permalink)
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Hi Plethora, I think you are right about the MACDBB...look to be the default 12.26.9. Concerning the Fibs...talk to Fat tails....he has an exact copy of the nexgen fibs....a lot cheaper. I tried them over a year ago and they worked great for the system, I trade using POC and it fits me better. I believe fibs work better on ES and 4X. I use better volume and a tick volume indicator from ninjaprogrammingschool....and delta volume to guage volume divergence vs. price. The thing that is gets me is that after all the years trading I do not see how to use the trigger lines....I like a simple MA and price S/R, then watch for divergence.
Take care-Mark


plethora View Post
I don't see why the MACDBB settings wouldn't be standard.
Same with the Trigger Lines.
It's the Fibs that are a mystery.





ETA: Remember the MACDBB won't work after such a big drop like today. Novack tells you in one of his videos
that you have to wait for the BB dots to cross the zero line of say, the 55 EMA to reset when they behave "normal" again.


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  #185 (permalink)
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tradermark2009 View Post
Hi Plethora, I think you are right about the MACDBB...look to be the default 12.26.9. Concerning the Fibs...talk to Fat tails....he has an exact copy of the nexgen fibs....a lot cheaper. I tried them over a year ago and they worked great for the system, I trade using POC and it fits me better. I believe fibs work better on ES and 4X. I use better volume and a tick volume indicator from ninjaprogrammingschool....and delta volume to guage volume divergence vs. price. The thing that is gets me is that after all the years trading I do not see how to use the trigger lines....I like a simple MA and price S/R, then watch for divergence.
Take care-Mark

Mark, you're saying @Fat Tails has a rendition of the Nexgen fibs for sale for a lot less?

Which system are you referring to that the fibs worked great for -- your system or Negen's?

In a recent Nexgen vid I watched, maybe it was at the NT Nexgen Webinar yesterday, Novack said the Trigger Lines are the Big Indicator which shows the larger trend and to only take shorts below the Trigger Lines and longs above it. It's very simple and when I go to my PC later I can throw up a couple of screenshots that will demystify it for you in a NY Minute.

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  #186 (permalink)
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Mark -- look at the 987-tick chart I posted above. Do you see the pink and blue trigger lines? Look how price went down BELOW the pink trigger lines -- even when the price bars are within the two pink lines you would never take a long. That's Novak's primary rule as far as the overall trend direction.

ETA: price makes a bottom after the blue Triggers have formed and uses them as support.

Triggers are extremely helpful. Once they're on your chart and you watch them for a while, you'd never want to trade without them.

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  #187 (permalink)
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So Mark, are you saying you purchased the Fibs from @Fat Tails?

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Hi Plethora, the explaination of the trigger lines are helpful....thank you! I did not buy it, I demo'ed them for 30 days...if you are a fibs person, or at least trade the 4X and 6E and do not have it, it should work well for you. Like I said I only like POC values, OHLC prior day and current. Just PM him...and get the real info., he's great to work with.

I do have a question....on the example on the trigger lines, short entry on have magenta color showing showing, and price is hitting the outer keltner, and the MACDBB is still out its BB outer band....now this trade is extended, but is it a trade entry on Nexgen, or do you wait for a pullback to enter. Also, what is the exit point, and how do they setup the risk/reward ratios for trade entries. Sorry for asking so much.


plethora View Post
So Mark, are you saying you purchased the Fibs from @Fat Tails?


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  #189 (permalink)
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I don't have Nexgen and never demoed it, so I can't answer your question. What time is the trade you are referring to?

Interesting that you were able to demo Nexgen for 30 days as the current demo is for 15. I signed up for the demo yesterday but haven't tried it out yet.

So may I ask what do you use for POC? Rancho Dinero, Market Delta, gomi?

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  #190 (permalink)
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I am sorry....I demo'ed Fat tails fibs zones indicator for 30 days. I have never used Nexgen other then looking at it with the copies that fat tails said where not a good copy of in a previous post in this thread. I was just assuming that they had an entry on the chart that you posted . I was looking at the system on that large short run starting at 7 am. I was just wanting to know how they handle the criteria for the entries and exits.....if you knew. I know nothing on how that system is traded.

For just a simple POC starting based on the Euro start time and carry it thru to US end. The indicator is dValueArea7. I trade it like PandaWarrior uses it. Using the POC and VH and VL as areas or zones to take trades. If you look at his thread it easy to follow, and I like them better then pivots, and fibs. I know that large volume traders use them, and the same the same way. Of course, using price action support and resistance. I hope that helps....Mark



plethora View Post
I don't have Nexgen and never demoed it, so I can't answer your question. What time is the trade you are referring to?

Interesting that you were able to demo Nexgen for 30 days as the current demo is for 15. I signed up for the demo yesterday but haven't tried it out yet.

So may I ask what do you use for POC? Rancho Dinero, Market Delta, gomi?


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