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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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  #101 (permalink)
 dh004110 
Aurora, canada
 
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pippinaintez, you're welcome.

let me know if you need more videos. will be more than happy to upload them for you....

also, please just try to stick to the trend trades setups at the beginning until you get familiar with the setups....

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  #102 (permalink)
 Fat Tails 
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pippinaintez View Post
Fat Tails,

On your nexgen (clone) chart that you posted, do you use that to trade or were you just showing an example of it?

I use Keltner Channels and the FibonacciZones on my trading charts. I currently do not use the Trigger Lines and MACD BB Lines, but use a VWAP and another MACD type oscillator.

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  #103 (permalink)
 redegenerated 
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Fat Tails View Post
I use Keltner Channels and the FibonacciZones on my trading charts. I currently do not use the Trigger Lines and MACD BB Lines, but use a VWAP and another MACD type oscillator.

do you mean your fibonacci cluster zone? i'm planning to use some fibonacci trading tools in my trading becouse i see tehy have value as targets, but first i need to research and read some book on the topic

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  #104 (permalink)
 Fat Tails 
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redegenerated View Post
do you mean your fibonacci cluster zone? i'm planning to use some fibonacci trading tools in my trading becouse i see tehy have value as targets, but first i need to research and read some book on the topic

The best books in my opinion are

-> Robert C. Miner: High Probability Trading Strategies (detailed and well presented)
-> Larry Pesavento and Leslie Jouflas: Trade What You See (easy to read and understand, focusing on a few setups)

The book by Carolyn Boroden: Fibonacci Trading is somewhat similar to Miner's book but more repetitive and not covering the subject as broadly as Robert Miner did.

The book by Constance Brown: Fibonacci Analysis is not an easy read, as it is difficult to understand how she sets up her lines and ratios.

I have not read the books on Harmonic Trading by Scott Carney, so I cannot comment on them.

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  #105 (permalink)
 redegenerated 
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thank you very much Fat Tails! you are like a bible of knowledge!!
i will have a look to the webinar here on bmt soon

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  #106 (permalink)
 Fat Tails 
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redegenerated View Post
thank you very much Fat Tails! you are like a bible of knowledge!!
i will have a look to the webinar here on bmt soon

The books that I recommended are definitely better than the Fib Webinar, at least if you are able to read them.

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  #107 (permalink)
 thegrail 
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dh004110: Thank you for the videos, I look forward to checking them out.

Fat Tails: I've seen Carolyn Boroden and her student, Mark Braun, who went off on his own, many times. Essentially, they take Fibonacci projections and extensions \ of each major swing, and look for confluence of levels. Then they delete off the ones that are isolated and work with the confluence areas. To do that easily, you almost need either Miner's software, or Fibonacci Trader, which has kind of died, as most software don't let you easily delete just one of the fib levels and leave the others on the chart.

By the way, what variation of the MACD are you using currently?

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  #108 (permalink)
 Fat Tails 
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thegrail View Post
dh004110: Thank you for the videos, I look forward to checking them out.

Fat Tails: I've seen Carolyn Boroden and her student, Mark Braun, who went off on his own, many times. Essentially, they take Fibonacci projections and extensions \ of each major swing, and look for confluence of levels. Then they delete off the ones that are isolated and work with the confluence areas. To do that easily, you almost need either Miner's software, or Fibonacci Trader, which has kind of died, as most software don't let you easily delete just one of the fib levels and leave the others on the chart.

By the way, what variation of the MACD are you using currently?

I use FibonacciConfluenceZones. They use prior highs and lows, retracements, expansions, alternates and projections.
MACD is shown below.

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  #109 (permalink)
 omaha786 
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Fat Tails View Post
I use FibonacciConfluenceZones. They use prior highs and lows, retracements, expansions, alternates and projections.
MACD is shown below.

FT, is FibonacciConfluenceZones indicator available on futures.io (formerly BMT)? Thanks,

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  #110 (permalink)
 Fat Tails 
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omaha786 View Post
FT, is FibonacciConfluenceZones indicator available on futures.io (formerly BMT)? Thanks,

It is available for free trial. If you are interested send me a private message.

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  #111 (permalink)
 thegrail 
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dh004110: The downloads don't work as they have exceeded their 10 download limit.

Fat Tails: Thanks.

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  #112 (permalink)
 dh004110 
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sure, will load them again tonight....

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  #113 (permalink)
 Big Mike 
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dh004110 View Post
sure, will load them again tonight....

Just attach them here, assuming there is no copyrighted content. 256mb per file limit.

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  #114 (permalink)
 dh004110 
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here you go

MEGAUPLOAD - The leading online storage and file delivery service
MEGAUPLOAD - The leading online storage and file delivery service

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  #115 (permalink)
 thegrail 
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Thanks for re-uploading the training videos. It is great to see how they use them.

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  #116 (permalink)
 tradermark2009 
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Here are some T3 Nexgen copies, not sure how dated these are. These work on NT7 only, well at least tested only on NT7

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  #117 (permalink)
 Fat Tails 
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tradermark2009 View Post
Here are some T3 Nexgen copies, not sure how dated these are. These work on NT7 only, well at least tested only on NT7

-> MAAverage is near-identical to the SMMA, so we know it is a disguised EMA, which is a NinjaTrader default indicator
-> the T3 is an old version of the Tillson's T3 moving average, which is a NinjaTrader default indicator
-> colors and paintbars are gimmicks that use the old T3
-> the TChannels are all modified KeltnerChannels around a SMMA(21) which is similar to an EMA(41)

Nothing really exciting in that package.. has little to do with the current version of Nexgen's software.

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  #118 (permalink)
 sunny135 
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There is a great discussion about Nexgen, I was a user of Nexgen and could not made it profitable. i had hard time finding entries. Well long story short , I would appreciate if someone has added other indicator to get better confirmation to enter in the trade. Please help..............

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  #119 (permalink)
 sunny135 
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nexgen launched revolution, which is basically same t3 with entry signals. I do not know how they get their entry signals. but i know for sure how they take their entries. It is based on stacked areas and small trigger with mid band. Well I do not know if they have some other mathematicaal calculation behind the scene.

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  #120 (permalink)
 SARdynamite 
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Anyone find out what is their LOM exit about ? It's close to market extremes each time.

Also how is their divergence numbers from charts calculated ? Tried a few things but could not replicate it precisely.

Cheers

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  #121 (permalink)
 sunny135 
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LOM is loss of momentum, and they have 2 kinds , as attached, STD(Short time loss), and LOM . I do not see a big advantage of them because they plot and market keep on going further.
I used Roy Kelly's cycle ID to find market reversal, BUT they make and delete themselves a lot.

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  #122 (permalink)
 dh004110 
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sunny135, don't be disappointed.....

i joined them 2007, learned every possible setup that time and worked very hard but not very smart i guess,,,,,,,i gave it all up after 6 months of crazing learning....anyways, i'm back to it but i would like to also include the volume delta cumulative analysis with it (fulcrum trader)...this way i could see what's happening under the hood....

would love to help you out and we could work together on if you like....

just let me know....

Thanks
Hany

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  #123 (permalink)
pippinaintez
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thanks dh004110 for all your help. i'd be interested in watching any other videos that you may have. so are u using delta volume analysis with the indicators and does it seem to work better this time around?

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  #124 (permalink)
 dh004110 
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i can send you some files to your email if you like or i could post them here for the forum.....Mike, what do you think?

also, i'm currently considering using the cumulative delta to fine tune and better find setups but don't know where to start....can anyone can help please?..... would be greatly appreciated...

I'm also considering Fulcrum trader live trading room.....

thanks
Hany

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  #125 (permalink)
 trendisyourfriend 
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dh004110 View Post
i can send you some files to your email if you like or i could post them here for the forum.....Mike, what do you think?

also, i'm currently considering using the cumulative delta to fine tune and better find setups but don't know where to start....can anyone can help please?..... would be greatly appreciated...

I'm also considering Fulcrum trader live trading room.....

thanks
Hany

I have heard positive feedbacks about Fulcrum delta analysis but i have not followed his method. I personally use Market Profile to spot key levels and levels of inventory. This is a good complement to NexGen framework. I find it more accurate than using Fibonacci levels.

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  #126 (permalink)
insideday
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sunny135 View Post
There is a great discussion about Nexgen, I was a user of Nexgen and could not made it profitable. i had hard time finding entries. Well long story short , I would appreciate if someone has added other indicator to get better confirmation to enter in the trade. Please help..............

Not for Ninja, but they ( Dimension Trader, Inc.) use similar indicators like nexgen with clearer entrys and exits for a fraction of the price.

The posted webinar Webibar 2/24/2011 has not the best resolution, so it is a bit hard to follow.

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  #127 (permalink)
 Big Mike 
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dh004110 View Post
i can send you some files to your email if you like or i could post them here for the forum.....Mike, what do you think?

You can post it here on the forum as long as it is not copyrighted.

Mike

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  #128 (permalink)
luckyluke72
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I've been working on some NEXGEN indies like BB-MACD:

Wanted to post link here but cannot...


So if anyone interested to share their own custom Nexgen or other good stuff just PM me.

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  #129 (permalink)
luckyluke72
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I'm currently working with couple programmers on custom Nexgen stuff for MT4. Anyone interested pm me, cannot post pictures or links here yet... sorry

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  #130 (permalink)
Mrmichaelzz
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what are the details?

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  #131 (permalink)
 superpete 
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I trialed Nexgen T3 indicator package two years ago... For a willing newbie it seemed like the holy grail, but the price of admission was 16,000$ !!!! The rep that called me a few times was very nice and a perfect gentleman... Thing is I now know now that I could make as much money with two MAs and good risk management, so...

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  #132 (permalink)
 vovan348 
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trendisyourfriend View Post
Fat indicator is pretty much the same although i have not compared both side by side.

I use the exact framework as NexGen (Keltner, Trigger lines (Large' Small), MACDBBLines), a copy conform (CC) if you want of their indicators. Send me an PM i'll try to help you. What version of Ninja do you use ? I have been using the same base since 2 years ago except that i have added Market Profile for identifying emerging key areas during a session. How long have you been using their framework ?

Hi! I saw your post here about indicators you've been using. I've been using Trade Navigator for a year now and I am new to NT. Could you help me to find indicators you are using.

I tried to make my own triger lines (80,20) and (20,5) but they don't look the same like yours. They are not that smooth and I don't know how to make them to change colors when they cross each other.

Buy the way I'm using NT 7


Thank you very much!!!

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  #133 (permalink)
 Fat Tails 
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The forum has a download section. Just explore it! The trigger lines can be found here:


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  #134 (permalink)
 vovan348 
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Thanks FT!!! Looks great!!

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  #135 (permalink)
 Big Mike 
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  #136 (permalink)
 dh004110 
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Big Mike View Post
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I'm not trading this method now, i just feel that i need to learn more than just reading an indicators.....

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  #137 (permalink)
 fxpro888 
Taiwan
 
 
Posts: 6 since Oct 2010

guys, stop trying to simplify everything. nexgen may have some elements of common indicators that are floating around for free, but no doubt about it there are BIG differences. The three biggest elements that make Nexgen so valuable are 1. rules (that is, exact science for how to enter on a specific bar w/ specific SL) 2. fib lines (which can never be recreated by a pirated system) and 3. the 1-on-1 training that nexgen offers. If you want to trade and plan to devote yourself then an investment in Nexgen is an excellent idea. Of coures, to each his own. And good luck to all!

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  #138 (permalink)
 Fat Tails 
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fxpro888 View Post
guys, stop trying to simplify everything. nexgen may have some elements of common indicators that are floating around for free, but no doubt about it there are BIG differences. The three biggest elements that make Nexgen so valuable are 1. rules (that is, exact science for how to enter on a specific bar w/ specific SL) 2. fib lines (which can never be recreated by a pirated system) and 3. the 1-on-1 training that nexgen offers. If you want to trade and plan to devote yourself then an investment in Nexgen is an excellent idea. Of coures, to each his own. And good luck to all!

He are no pirated systems. The indicators used by Nexgen have been around before Nexgen started using them. The trigger lines are simple moving linear regression lines. MACD, Bollinger Bands and Keltner Channels are not new either. The Fibonacci Lines are their main selling proposition. I have done statistical analysis and created my own Fibonacci Indicator, which of course is not identical with the Nexgen indicator. Maybe it is even better. If you like, you can try it.

The system they sell is overpriced. If you divided the price by 10 or 20, you would get a reasonable price. Nexgen needs to sell at high prices because most of their efforts go into marketing.

That said, their system is a valuable approach to trading. I agree that the indicators alone will not help you a lot without specific training, how to use them. However, you should not have used the term "science". This is no science, it is a game. The rules of this game change, and the only thing you try to figure out is the behavior of your opponents.

If you want to pay $ 16,500 just to be eligible for their training, this is your own decision. You may be disappointed in the end. There is no science, and the trading style may not match your personality.

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  #139 (permalink)
 vovan348 
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Hey guys! I'm sorry for a stupid question but how you can get those dots at the closing price on every bar. It's so hard to see when they are close to each other.

Thank you!

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  #140 (permalink)
 cory 
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vovan348 View Post
Hey guys! I'm sorry for a stupid question but how you can get those dots at the closing price on every bar. It's so hard to see when they are close to each other.

Thank you!


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  #141 (permalink)
 fxpro888 
Taiwan
 
 
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Fat Tails View Post
He are no pirated systems. The indicators used by Nexgen have been around before Nexgen started using them. The trigger lines are simple moving linear regression lines. MACD, Bollinger Bands and Keltner Channels are not new either. The Fibonacci Lines are their main selling proposition. I have done statistical analysis and created my own Fibonacci Indicator, which of course is not identical with the Nexgen indicator. Maybe it is even better. If you like, you can try it.

The system they sell is overpriced. If you divided the price by 10 or 20, you would get a reasonable price. Nexgen needs to sell at high prices because most of their efforts go into marketing.

That said, their system is a valuable approach to trading. I agree that the indicators alone will not help you a lot without specific training, how to use them. However, you should not have used the term "science". This is no science, it is a game. The rules of this game change, and the only thing you try to figure out is the behavior of your opponents.

If you want to pay $ 16,500 just to be eligible for their training, this is your own decision. You may be disappointed in the end. There is no science, and the trading style may not match your personality.

Well, well, well... to all forum members post count does not equal credibility (wow is that an average of 9 posts per day in past year only???). I was merely 'adding value' by extolling the virtues of the nexgen system, which you rightly agreed to. They are, wonderful rules, great Fib S&R levels, and super good teaching/support. All of which you seem to conceed. That pretty much proves my point. Thanks for that.

As for how much it costs. Firstly, I know 18 people that purchased the software and not one paid the "rack rate" of 16.5k. So, as you can see, it takes just a tiny bit of savvy to get a huge discount on the price. Secondly, the time and effort to develop a proper set of rules and then somehow get it tested more than makes up for the price (given you even had these skills/capabilities to begin with). You may be snickering, that is, as you certainly believe you could figure this out on your own and you can find all these indicators online (or can even develop your own). Well, thats not the case for most folks, I guarantee you, so youre the exception rather than the rule. But, that just brings me to my next point.

How much "value" there is and how much something costs, as well as whether it is expensive or cheap, is entirely relative. If we could even establish a large enough representative sample of respondents to the question "is nexgen valuable and/or worth the money?" you may (or may not) get the conclusion you believe to be fact. However, that very sample itself would have a wide variance of responses and some would doubtless feel it is great and some would think its so-so, and still others, might think it a waste. The point is, the only "mistake" here is you asserting your own subjective criteria to my analysis that the characteristics of the nexgen software are good and useful (which you seemed to second).

The only exception you take is two-fold. One, that I used the word science. Essentially, being able to determine with very limited variation exactly which bar one should enter on for the ideal trade is what I call precision. Precision has its roots in science. What is science other than some rules that are provable over a sufficiently representative sample? I am offended that you think my assertion is incorrect, and it just goes to show your bias. Yes, Forex is a game, but, if anything, its against yourself, there is ABSOLUTELY NO way, much less scientific way, to figure out the "behavior of your opponents". This is the least important aspect of Forex trading in my opinion. And for you to declare otherwise, is heretical in my mind, or at very least, misinformed. The only thing(s) in Forex that matter are, rules for entry/exit, trading plan, proper leverage/money management (includes stop losses, risk/reward, etc..) and perhaps a diary. How could I even go about figuring out what fund X is doing , and what Bank Y is doing, and what super-mega tader Z are doing? Absurd.

Second, you said nexgen is overpriced by a factor of ten, or even 20. Well, thats your biased, subjective analysis...again. I think for what it brought to me and how its made me profitable in my forex trading carreer I would have gladly paid twice as much. Where I live in the world, luxury vehicles are 100%+ more than they are in American (for example). Do you think no one buys Mercedes-Benz or BMW in this case? NO!!! In fact, luxury vehicle penetration is probably highest per capita here than virtually any place on the planet. Do not preach to me about this when it appears from your comments "you know the price of everything, yet the value of nothing". Another example is, I am involved in a business where our service is very pricy (by the average person's appraisal). So, many prospective clients try to do it themselves, only to waste days, weeks even months of their precious time as well as a lot of excess cash trying to figure out how to do it "cheaply", only in the end, to find out they could have done it quickly and conveniently for the "premium" price. Its all relative and your opinion holds no water in my mind. So, I think, while my post count implies lack of credibility, my real-life and trading experience utterly rebutts what you say.

All due respect. Happy trading. And hopefully, Always Adding Value (AAV) to all.

Cheers.

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  #142 (permalink)
 Fat Tails 
Berlin, Europe
 
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fxpro888 View Post

The only exception you take is two-fold. One, that I used the word science. Essentially, being able to determine with very limited variation exactly which bar one should enter on for the ideal trade is what I call precision. Precision has its roots in science. What is science other than some rules that are provable over a sufficiently representative sample? I am offended that you think my assertion is incorrect, and it just goes to show your bias. Yes, Forex is a game, but, if anything, its against yourself, there is ABSOLUTELY NO way, much less scientific way, to figure out the "behavior of your opponents". This is the least important aspect of Forex trading in my opinion. And for you to declare otherwise, is heretical in my mind, or at very least, misinformed. The only thing(s) in Forex that matter are, rules for entry/exit, trading plan, proper leverage/money management (includes stop losses, risk/reward, etc..) and perhaps a diary. How could I even go about figuring out what fund X is doing , and what Bank Y is doing, and what super-mega tader Z are doing? Absurd.

Second, you said nexgen is overpriced by a factor of ten, or even 20. Well, thats your biased, subjective analysis...again. I think for what it brought to me and how its made me profitable in my forex trading carreer I would have gladly paid twice as much. Where I live in the world, luxury vehicles are 100%+ more than they are in American (for example). Do you think no one buys Mercedes-Benz or BMW in this case? NO!!! In fact, luxury vehicle penetration is probably highest per capita here than virtually any place on the planet. Do not preach to me about this when it appears from your comments "you know the price of everything, yet the value of nothing". Another example is, I am involved in a business where our service is very pricy (by the average person's appraisal). So, many prospective clients try to do it themselves, only to waste days, weeks even months of their precious time as well as a lot of excess cash trying to figure out how to do it "cheaply", only in the end, to find out they could have done it quickly and conveniently for the "premium" price. Its all relative and your opinion holds no water in my mind. So, I think, while my post count implies lack of credibility, my real-life and trading experience utterly rebutts what you say.

All due respect. Happy trading. And hopefully, Always Adding Value (AAV) to all.

Cheers.

Thanks for the serious reply.

I think we actually agree on quite a number of points. We both think that the Nexgen concept is a serious approach to trading. We may disagree on an appropriate pricing for the Nexgen software, and there is nothing wrong about it. Value is relative, there is no absolute value, so your perception may well be different from mine.

Where we mostly disagree is, whether this is a scientific approach to trading. I do not think that it qualifies as scientific for several reasons

-> it assumes that future price is mainly based on past prices
-> it uses just a simple set of price based indicators

So if you ignore fundamentals, intermarket relationships, and just look at feedback loops generated by price, this has nothing to do with science. Markets change as evolution has shaped fauna and flora on the earth. New predators may appear and exploit existing strategies, so any type of analysis of feedback will only gain you a temporary edge.

Feedback is nothing than the way other market participants reacts to price. The Nexgen concept exclusively relies on feedback and may work as long as the feedback pattern do no change. Figuring out what others are doing is the key to success in trading. It not absurd. Price is sort of a trace left by other traders, we just try to read and interpret the traces by using technical analysis. But there are other ways figuring out, what your opponents in the game are doing. For example, the Nexgen - technical analysis based - approach will not tell you how many carry traders are caught on the wrong foot, when the yen starts moving.

Development of trading systems may have some elements of science, as a valid approach requires

- a set of fixed rules
- backtesting those rules against the current behavior of market participants
- performing further statistical analysis
- monitoring results and improving the system

Nexgen can at best have used scientific methods by empirically testing the rules. But so far I have not seen a single backtest or evaluation of their concept. This would certainly add credibility.

What I am currently seeing is an expensive marketing machine, and I believe that customers mostly pay for the marketing. But then beliefs are subjective.

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  #143 (permalink)
 fxpro888 
Taiwan
 
 
Posts: 6 since Oct 2010

Fat Tails, your point is received and all due respect as always.

I am only here for one thing. Not to defend nexgen, but instead to somehow unite the nexgen members in one place so as to avail ourselves of a common approach to trading. I feel that sharing our opinions while using the same indicators could result in the ideal trading room/group. I have a private trade room and I invite anyone to come in an share resources, ideas, information and expertise (and receive the same) from a community of like-minded and similarly equipped traders.

You know, what I dislike most about your responses (and your attitude), is that you come to blow smoke why W is bad, and that X is this way, and Y is expensive/useless, and, oh by the way, you don't understand Z (which is the key!).

This is the THE most undesirable, yet most common, conduct in the entire FX world. So-and-so expert veteran tells the newbs why they are dumb, and what they dont know, and how they "dont get it". It as old as the hills. Its what turns me off about this industry. I have traded since the internet bubble. At that time it was stocks. Since then, the advent of broadband, ubuiqitous internet, leverage and low cost trading, not to mention uber-liquidity, made currencies the call. Why not trade 8 pairs (not 5,000 stocks) that are more liquid than the entire NYSE, and on leverage at super low cost??? Its the only game in town.

I've been fortunate as I have a bit of resource, knowledge and now, a ton of real, live trading experience. I have put in my "10,000" hours and I have made more trades than I could ever count. I know what the "keys" are and what is possible and impossible. I just don't like to have someone come on and tell me I don't know this, and what that means, and how this is useless, and how that is the only way to go. Get real. This is a bad attitude and doesn't help anyone. What a trader needs is, others who have the resource, knowledge and experience to train him/her up properly so that he/she may help the mentor/leader/head trader/more experienced guy/gal also spot the good trades when they invariably appear! This is all we want.

I am doing this. I think. In my own trading room. Which is free. I have nexgen. I also have a dozen other systems I purchased (some more expensive and some less than nexgen) over the last decade. Yea, believe me, Ive paid my dues. And I make my living from Forex.

So, Fat Tail, while I DO NOT doubt you are an intelligent, savvy, experienced trader you do ZERO good for yourself, the industry or anyone else by telling this forum that others dont know what the keys are and that we are stupid or clueless for this reason or that (thats the tacit conclusion). So, I say, come and show us what is real and good and let us learn. If it must be for money or a tuition fee so be it. But, ill tell you, I have seen countless folks that act like you act (not making judgements or conclusions), and they, typically, are the shovel sellers and make their cash via selling something or making pips as an IB.

Lets be cool to one another, add value and create a long-lasting super community of real people who are successful by helping each other and sharing.

I know that in my own way, I keep an open mind, I don't mock others approach because there are 10,000 good ways to trade, and I always add value because I have a ton of experience. I am not infallible, thats why I need help from others. Perhaps like, or unlike, you.

This all being said, I am positive as a man can be. Send me PMs lets meet on the net, ill contribute, and offer what I know to help create an environment that is mutually beneficial. Cheers to all. happy trading.

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  #144 (permalink)
 Fat Tails 
Berlin, Europe
 
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fxpro888 View Post
Fat Tails, your point is received and all due respect as always.

You know, what I dislike most about your responses (and your attitude), is that you come to blow smoke why W is bad, and that X is this way, and Y is expensive/useless, and, oh by the way, you don't understand Z (which is the key!).

Just attack the person, when you have no more arguments to defend the cause?


fxpro888 View Post
So, Fat Tail, while I DO NOT doubt you are an intelligent, savvy, experienced trader you do ZERO good for yourself, the industry or anyone else by telling this forum that others dont know what the keys are and that we are stupid or clueless for this reason or that (thats the tacit conclusion). So, I say, come and show us what is real and good and let us learn. If it must be for money or a tuition fee so be it. But, ill tell you, I have seen countless folks that act like you act (not making judgements or conclusions), and they, typically, are the shovel sellers and make their cash via selling something or making pips as an IB.

Again, you are not on the right track here. You have probably not read my posts, if you are comparing me to "shovel sellers" and IBs. As opposed to you, I have contributed a lot to this forum, including around 70 free indicators and various approaches to trading. So your post is a bit arrogant, as you have contributed little.

My only point was that Nexgen - although a valuable approach to trading - is overpriced. I maintain this position. If this hurts you, because, as I understand, you have already paid for it, let it be. But no need to attack me personally because of this opinion.




fxpro888 View Post
I know that in my own way, I keep an open mind, I don't mock others approach because there are 10,000 good ways to trade, and I always add value because I have a ton of experience. I am not infallible, thats why I need help from others. Perhaps like, or unlike, you.

I could have written that as well. Why not share your trading experience here on the forum?

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  #145 (permalink)
 fxpro888 
Taiwan
 
 
Posts: 6 since Oct 2010

@Fat Tail

We'll getya to 3,000 posts before the end of the week. Don't you worry.

Naw, I don't attack you, you exposed yourself for what you are.

Not offended, as you said yourself, "Nexgen is a valuable approach to trading". I feel its precision, rules-based approach and highly effective S&R/Fib levels rock, and the support/teaching are all second to none. Worth every penny.

I merely came to state the claim that Nexgen is worthy and valuable. Nothing more. I was just surprised that you popped in saying I was "mistaken" and that you felt I "didn't understand". Orly! No, sir, that's arrogant. Again, post count means zero.

I contribute to live traders every day. I have my own private trading room, which is free, and it has proven to be highly effective when 5, 10, 15 or more traders who have a similar understanding and strategy get together the results are fantastic. And isn't that what we're really here for? Results? It appears thats what your retorts lack/ignore.

I make wins, I make losses. I know in the balance of 1,000 trades I can get AT LEAST get 55% to 65% winners FOR SURE and with proper money management that ='s MAKE MONEY. Its just fact. But, I am sure you do much better good buddy Fat Tail.

If any one has nexgen on Big Mike's and wants to spend time enjoying the company of like-minded individuals probing the market (typically spot for me i.e. eu, gu, ej ..et al) for entries/opportunities based on specific rules then please, by all means, give me a PM. Free, and love contribution/value.

And no thanks Fat Tail, I got all the indi's i'll ever need as I spent years finding what I believe really works (albeit, not the only system that works ) . I am sure the esteemed members of this forum appreciate what you've given them. I've also got my own blog with many an article documenting my travails and I'm certain my tiny gaggle of devotees can glean a tidbit or two as well.

No more discussion, as stimulating as it may be, we've got trading to do, and the weekend is for rest. Cheers. Happy trading to all.

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  #146 (permalink)
 cory 
the coin hunter
virginia
 
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fxpro888 View Post
... by telling this forum that others dont know what the keys are and that we are stupid or clueless for this reason or that (thats the tacit conclusion).

you may try to sound like a majority but rest assured what you said is based entirely on your own perception.

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  #147 (permalink)
 drago1 
windsor, Ontario
 
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Leverage in futures seduces and invites dreams of the big life. The fantasy of every new trader is that there is a rational, scientific - translate emotionless -way to take lots of money from the market . The problem for most is that their accounts are way too small and/or too precious to trade them with mechanical (or scientific) indifference to losses.

Reality check. Years ago I remember talking with an IB and asking them why they did not have online facility to move money in and out of an account. In an unguarded moment he confessed, virtually nobody makes any money. People come in with too little money to make a real go of it.

Sim trading is easy because you don't care. Until you can reasonably deal with making/losing money with the same indifference = there is no technology that can make you long term successful.

If you had no mortgage, no car loans , nobody else to support - could you live off of $100,000? Probably not for long. It is hard to imagine how you could trade and expect to thrive on an account of any less. That is the proverbial 800lb gorilla that trading trainers or anyone else in the industry want to talk about.

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  #148 (permalink)
 sunny135 
Mississauga,Ontario,Canada
 
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I own Nexgen and after seeing bigmiketrading.com , I can say with confidence that I paid 10 times more. Again Nexgen offered free upgrades and what they did with these improvements of "revolution"... they scammed everybody....AGAIN.. Well I am here to get help from successful traders like cory, fat tail to make trading successful.

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  #149 (permalink)
 trendisyourfriend 
Legendary Market Wizard
Quebec
 
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As Fat Tails mentionned the framework makes sense and is a good starting platform for someone new to trading but the price of admission is too high. I remember having asked the trainer named Jeremy during a trial period if he was trading for himself even part time and he replied no. He was a good teacher but he had never traded for real or made a living out of it. I think it counts when comes the time to evaluate a system. In the same league and probably even better and cheaper is trading the Jam way. Their indicators are somewhat similar but more comprehensive and with better training. Jam is an ex student of Nexgen. I think he saw the limitation of NexGen's platform and training and probably wanted to go a step further. That's my understanding, i may be wrong.

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  #150 (permalink)
 Jaguar52 
NY + NY/USA
 
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Seriously, I bought the T3 Fib Pro Trader many years ago. I have a love hate relationship with them. Some days they helped me make a small fortune, then days later give it all back. I started getting confused as the entry rules started to change a bit, then some setups were so vague I could not find them. Reasonable stops became huge stops.
Recently they have the Revolution. I got the upgrade but did not get the automated signal generator. The charts are a lot cleaner, easier to see. Unfortunetly it does not help.
IMHO you have to have a sustained trend. You cannot scalp with them consistently enough to be succesful. But if you just wait until a sustained trend is on the way, then you have a chance. You have to put in thousands of hours of screen time to learn them, and they are still expensive.
So, what is the percentage the market actually trends a sustained move? on an intra day basis? That is about as effective as you have the "potential" of sustained profits...maybe...on sundays....in summer....after a rain storm....
But you know, I paid so much for them....they just have to work...or maybe it's just me....sigh...

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  #151 (permalink)
 Fat Tails 
Berlin, Europe
 
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Jaguar52 View Post
Seriously, I bought the T3 Fib Pro Trader many years ago. I have a love hate relationship with them. Some days they helped me make a small fortune, then days later give it all back. I started getting confused as the entry rules started to change a bit, then some setups were so vague I could not find them. Reasonable stops became huge stops.
Recently they have the Revolution. I got the upgrade but did not get the automated signal generator. The charts are a lot cleaner, easier to see. Unfortunetly it does not help.
IMHO you have to have a sustained trend. You cannot scalp with them consistently enough to be succesful. But if you just wait until a sustained trend is on the way, then you have a chance. You have to put in thousands of hours of screen time to learn them, and they are still expensive.
So, what is the percentage the market actually trends a sustained move? on an intra day basis? That is about as effective as you have the "potential" of sustained profits...maybe...on sundays....in summer....after a rain storm....
But you know, I paid so much for them....they just have to work...or maybe it's just me....sigh...


You always get attached to things you own, and value them higher than those that you don't own. The money you spent and the gains and losses you experienced have further intensified your feelings for that lovely peace of software.

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  #152 (permalink)
sunny2010
london
 
 
Posts: 10 since Oct 2010
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Hey FXPRO888 - Kindly give me access to your trading room.

I use a variation of T3 and would like to share trading ideas with other users of this method of trading.

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  #153 (permalink)
 Trader Duck 
Fairbanks, Alaska
 
Experience: Intermediate
Platform: Ninja Trader, Nexgen T-3 Fibs Pro Trader (Love Them!)
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Because I had studied technical analysis extensively before I took the Nexgen free trial, I recognized how good their system was right away. After two hours into the trial I had made up my mind to buy the software. I have not had buyers remorse since. But, most of thier clients don't make money. People want it to be easier than it is. You can create the same lines on your chart if you master Ninja Trader, but Nexgen's software is better than what the drop down menus will give you. Just buy it. It is the best method in my opinion. I've gone to 2-3 webinars every week through Hotcom to see what methods exist. I haven't seen any in 2 years that are better than Nexgen. Two came close and one had a much higher client success rate. So I bought that system too. I like Nexgen better. If you want Indicators like Nexgen's, there are copy cats out there but Nexgen came first and they are the best. I won't tell you who the others are. Go find 'em. Better yet, if you're serious about being a trader, just buy the software. It will pay for itself. The Nexgen clients who are successful can make 20 plus tics per day. One guy in Italy has made over 300 in one day. My trading buddy averages about 20 tics per hour. The system works for those who master it. But, you gotta spend the money and put in the time.


mrloanapproval View Post
After 2 weeks of training and recording sections of NexGen T3, I was in complete sticker shock. I am going to purchase Ninja Trader and open an account at Mirus Futures. I think the only thing I am lacking is indicators. Does anyone have similar indicators as NexGen? I want to SIM for another months, then go live. I am looking for Large Triggers, Small Triggers, Bollinger Bands, Mid Band, MACD's, Support and Resistance lines. After reviewing so many different post, it seems that there are many ways an indicator can read. I have a good amount of knowledge from NexGen, but just don't want to pay the price for the software considering it's all free or close to free. Any pointers?

Thank you for any input. (the new guy)


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  #154 (permalink)
 Jaguar52 
NY + NY/USA
 
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Trader Duck View Post
Because I had studied technical analysis extensively before I took the Nexgen free trial, I recognized how good their system was right away. After two hours into the trial I had made up my mind to buy the software. I have not had buyers remorse since. But, most of thier clients don't make money. People want it to be easier than it is. You can create the same lines on your chart if you master Ninja Trader, but Nexgen's software is better than what the drop down menus will give you. Just buy it. It is the best method in my opinion. I've gone to 2-3 webinars every week through Hotcom to see what methods exist. I haven't seen any in 2 years that are better than Nexgen. Two came close and one had a much higher client success rate. So I bought that system too. I like Nexgen better. If you want Indicators like Nexgen's, there are copy cats out there but Nexgen came first and they are the best. I won't tell you who the others are. Go find 'em. Better yet, if you're serious about being a trader, just buy the software. It will pay for itself. The Nexgen clients who are successful can make 20 plus tics per day. One guy in Italy has made over 300 in one day. My trading buddy averages about 20 tics per hour. The system works for those who master it. But, you gotta spend the money and put in the time.


Nexgen has been around a very long time. IMHO, if after the 8 years I have known about them, this statement is still being thrown around, then you have to ask yourself some serious questions. Grant it, they now have a signal arrow making it a lot clearer as to what is or is not a signal, but your ability to make money has more to do with you than with the signals. So, I ask you, what is lacking in Nexgen that causes that statement?
Trading education is not the same as signal education. A pair of moving averages is as good as almost anything else, and if you want to spend that kind of money on non-magical indicators, spend it on a real trading education or save it for your learning curve drawdown. IMHO, we are culturally educated to think more $$ means more probability of success, more probability that it is better than anything else. This is an illusion.

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  #155 (permalink)
 Trader Duck 
Fairbanks, Alaska
 
Experience: Intermediate
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fxpro888 View Post
so youre saying the users group is no longer functioning? lets start a new one. cuz im full time and I will never quit. we can help each other. lets get together and trade. i have 10 friends with nexgen. I have a conference room we use to discuss trades and so on. perhaps we can get together and assist each other. develop some mutually beneficial value. what do you say?


Jaguar52 View Post
Nexgen has been around a very long time. IMHO, if after the 8 years I have known about them, this statement is still being thrown around, then you have to ask yourself some serious questions. Grant it, they now have a signal arrow making it a lot clearer as to what is or is not a signal, but your ability to make money has more to do with you than with the signals. So, I ask you, what is lacking in Nexgen that causes that statement?
Trading education is not the same as signal education. A pair of moving averages is as good as almost anything else, and if you want to spend that kind of money on non-magical indicators, spend it on a real trading education or save it for your learning curve drawdown. IMHO, we are culturally educated to think more $$ means more probability of success, more probability that it is better than anything else. This is an illusion.

Here is a chart of some of the trades that can be found using the Nexgen Method. It is bar by bar chart marking that I'm doing. I am testing some new strategies that go beyond what Nexgen teaches. So far, I have over 100 days of bar by bar trading done. I am trading the first 2 hours of the market for each day. I'm averageing over 25 tics per hour with no losing days in the last 70 days. This is one of the better days with 154 tics on the EC in just 2 hours.

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  #156 (permalink)
 Trader Duck 
Fairbanks, Alaska
 
Experience: Intermediate
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SARdynamite View Post
Anyone find out what is their LOM exit about ? It's close to market extremes each time.

Also how is their divergence numbers from charts calculated ? Tried a few things but could not replicate it precisely.

Cheers

I use to think the LOM was using a Stochastic or RSI for an over bought/sold signal. Then I noticed it plotted each time a bar was at or near the OB and closed on the opposite side of the STs. I forget now, but the Macd bbs may have been turning at the same time. My Stochastic settings give a signal a the same time. I found that for a slow Stochastic using 10,2,4,1 on Trade Station (4,10,3 with ninja) works very well. I back tested those settings and in 12 hrs of the EC there was a fortune to be made just using the Stochastic signals with the Nexgen method. Here is a couple of charts that show the back test. I only did 12 hrs of the EC market and never did any more. I just wanted to know if those setting were good.

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  #157 (permalink)
 trendisyourfriend 
Legendary Market Wizard
Quebec
 
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Trader Duck View Post
...Here is a couple of charts that show the back test. I only did 12 hrs of the EC market and never did any more. I just wanted to know if those setting were good.

From my perspective, these tests or fake trades are meaningless. I know the Nexgen approach pretty well and what you are showing on your charts looks like some of the regular Nexgen entry/exit but in reality they are not. You've got some pretty lines on your chart (i am thinking about the Fib lines) but despite of this you do not seem to consider them. I think you are showing a good example of over trading. You close some of your trades too soon for fear of losing and take too many entries. Most importantly you do not take into account slippage and commission. Add that to the equation and you'll instantly become more selective and will want to develop the ability to evaluate the merit of a trade (R:R) before taking it. Look at cjbooth's approach. He is a good example and his trades are real.

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  #158 (permalink)
 Trader Duck 
Fairbanks, Alaska
 
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trendisyourfriend View Post
From my perspective, these tests or fake trades are meaningless. I know the Nexgen approach pretty well and what you are showing on your charts looks like some of the regular Nexgen entry/exit but in reality they are not. You've got some pretty lines on your chart (i am thinking about the Fib lines) but despite of this you do not seem to consider them. I think you are showing a good example of over trading. You close some of your trades too soon for fear of losing and take too many entries. Most importantly you do not take into account slippage and commission. Add that to the equation and you'll instantly become more selective and will want to develop the ability to evaluate the merit of a trade (R:R) before taking it. Look at cjbooth's approach. He is a good example and his trades are real.

You need to read the first chart. It explains how the back test was conducted. That will solve your confusion.
Thanks

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  #159 (permalink)
 supermht 
Naperville IL
 
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Trader Duck View Post
You need to read the first chart. It explains how the back test was conducted. That will solve your confusion.
Thanks

first chart shows some purely indicator entry, such as sts. during perfect range market, the 80, 20 things might work,
but the market has different look everyday. and I saw you took profit too soon, that is a loosing strategy for long run.
Entry based on KD cross is too lagging, I didn't buy Nexgen, but from the setup you posted, I really haven't found any valuable things of Nexgen.

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  #160 (permalink)
 traderjcf 
Amherst, New York
 
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Trader Duck View Post
Here is a chart of some of the trades that can be found using the Nexgen Method. It is bar by bar chart marking that I'm doing. I am testing some new strategies that go beyond what Nexgen teaches. So far, I have over 100 days of bar by bar trading done. I am trading the first 2 hours of the market for each day. I'm averageing over 25 tics per hour with no losing days in the last 70 days. This is one of the better days with 154 tics on the EC in just 2 hours.


What timeframes do you use regularly? The slow stoch replaces MACBB?

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  #161 (permalink)
 Trader Duck 
Fairbanks, Alaska
 
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supermht View Post
first chart shows some purely indicator entry, such as sts. during perfect range market, the 80, 20 things might work,
but the market has different look everyday. and I saw you took profit too soon, that is a loosing strategy for long run.
Entry based on KD cross is too lagging, I didn't buy Nexgen, but from the setup you posted, I really haven't found any valuable things of Nexgen.

Well, I guess you must be making over 360 tics each day, then, if this wasn't good enough for you.
The beauty of Technical Analysis is that THE PRICE BARS TELL THE TRUTH. You aren't looking at cooked books from some earnings report or forcast. This beauty is in the eye of the beholder and you see things different than I do. If he price bars don't lie then THE TRUTH IS IN THE CHARTS. If a line on the chart crosses a line ,then it happened. There is no argument about that. Back testing should limit discretion. On my back test I tried to be liberal and take action on all Stochastic signals, but only if the upper chart was in agreement. All trades were conducted in and out by specific rules. So, no pofits were taken too soon as you complained. This was not discressionaly. This was a back test. Now, if 360 tics in 12 hours isn't good enough, then what is???????? Remember, the truth is in the charts. If a line crosses, it happened. The strategy in that market at that time gave 360 tics. If you can show a chart where it didn't work, that would be worthy.

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  #162 (permalink)
 Trader Duck 
Fairbanks, Alaska
 
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supermht View Post
first chart shows some purely indicator entry, such as sts. during perfect range market, the 80, 20 things might work,
but the market has different look everyday. and I saw you took profit too soon, that is a loosing strategy for long run.
Entry based on KD cross is too lagging, I didn't buy Nexgen, but from the setup you posted, I really haven't found any valuable things of Nexgen.

I drive a Lexus. It is a nice ride and to me, worth the money. I see many traders who did not buy the Nexgen software. It is very expensive, but to me it is worth it. Some people must justify thier decision to use less expensive tools by discounting Nexgen and the value of their method. This can give them peace of mind. I bought the software. I love it. I love my Lexus. You don't have to buy one, but I won't hear you if say my Lexus is not a good ride. All I'm going to hear is "Quack, quack, quack".

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  #163 (permalink)
 supermht 
Naperville IL
 
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can't believe you are so funny

Be Cool ! by the way, is Lexus a good car?

Being expensive = the best? in trading, I don't think so. buying expensive software is not the way to making money,
I bought "the best software" , and..... I lost $$$$.
that is my experience, maybe yours is different.

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  #164 (permalink)
 Fat Tails 
Berlin, Europe
 
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Trader Duck View Post
I drive a Lexus. It is a nice ride and to me, worth the money. I see many traders who did not buy the Nexgen software. It is very expensive, but to me it is worth it. Some people must justify thier decision to use less expensive tools by discounting Nexgen and the value of their method. This can give them peace of mind. I bought the software. I love it. I love my Lexus. You don't have to buy one, but I won't hear you if say my Lexus is not a good ride. All I'm going to hear is "Quack, quack, quack".

All the charts you have presented here are a couple of months old. None of them show real trades.

On the other hand I do believe that the Nexgen system can be traded, but it is probably a real headache to do it.

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  #165 (permalink)
 Jaguar52 
NY + NY/USA
 
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Trader Duck View Post
I drive a Lexus. It is a nice ride and to me, worth the money. I see many traders who did not buy the Nexgen software. It is very expensive, but to me it is worth it. Some people must justify thier decision to use less expensive tools by discounting Nexgen and the value of their method. This can give them peace of mind. I bought the software. I love it. I love my Lexus. You don't have to buy one, but I won't hear you if say my Lexus is not a good ride. All I'm going to hear is "Quack, quack, quack".


From the posts here I surmise you believe you had 'discovered' a way to make the T3 work better than it has for "most of the traders who use Nexgen and are not profitable with them." For myself I have the T3 and have a love/hate relationship with them. Every so often I take them out for a spin and get a couple of good days out of them before I lose a bundle and my mind to endless frustration. I am sure there are others in this forum who may have them and like me, are still beating that Lexus to get it to deliver.
The sim posts and backtesting use are interesting. However, when you do go cash live with the T3 and if you are able to get similar results on a consistent basis, then I would gladly pay you money to show me just how you do it. I posted an essay on this forum about the reality created with cash as opposed to sim trading, and I look forward to your successful real cash trading with the T3 and sharing with me just how you are able to do it. In particular I would be very interested in seeing the real time trade entries and results. When you are ready, and if you are willing, we could meet up and I can watch you trade and maybe learn how to better use them.

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  #166 (permalink)
 GoldStandard 
arizona
 
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Trader Duck View Post
I drive a Lexus. It is a nice ride and to me, worth the money. I see many traders who did not buy the Nexgen software. It is very expensive, but to me it is worth it. Some people must justify thier decision to use less expensive tools by discounting Nexgen and the value of their method. This can give them peace of mind. I bought the software. I love it. I love my Lexus. You don't have to buy one, but I won't hear you if say my Lexus is not a good ride. All I'm going to hear is "Quack, quack, quack".


As I'm sure others have noticed, your posts give the impression that you are a shill for Nexgen. You promoted them on the first day you joined the forum, and have promoted them in all but 2 of your 10 posts. Perhaps you're just a happy customer, but you can see how it looks....

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  #167 (permalink)
 Trader Duck 
Fairbanks, Alaska
 
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GoldStandard View Post
As I'm sure others have noticed, your posts give the impression that you are a shill for Nexgen. You promoted them on the first day you joined the forum, and have promoted them in all but 2 of your 10 posts. Perhaps you're just a happy customer, but you can see how it looks....

Thanks for taking the time to read all of my posts. I hope I can put out something of value and get a laugh too.
Yes, I know how it may appear. The reason I stick up for Nexgen is I think they get a bad rap. I've been a client for about 18 months; I'm Paul_A in their chat room. More clients are losing money with their method that winning. It takes a lot of study and it isn't as easy as the salemen tell you. But those who are winning, are winning big and they speak very highly of the Nexgen method. People have a choice: listen to the losers or listen to the winners. I like to hear from the winners and emulate them. There are many trading methods that work. Some are better than others. They all will work if used properly. Yes, there are many ways to travel down the path to wealth. Some drive there in a Yugo, some ride a donkey, but I like my Lexus. Believe me, I test drove a lot of others before making the choice to get Nexgen. I have no buyers remorse, and my journey has been enhanced by the choice I made. Having said that, look at this. I found a new indicator this week that I'm trying out. So far, I'm getting mixed results, but I'm excited about the possibilities.
-Duck-

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  #168 (permalink)
 traderjcf 
Amherst, New York
 
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Can you screen shot a workspace of CL and 6E?

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  #169 (permalink)
 bluemele 
Honolulu, Hawaii
 
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Trader Duck View Post
Thanks for taking the time to read all of my posts. I hope I can put out something of value and get a laugh too.
Yes, I know how it may appear. The reason I stick up for Nexgen is I think they get a bad rap. I've been a client for about 18 months; I'm Paul_A in their chat room. More clients are losing money with their method that winning. It takes a lot of study and it isn't as easy as the salemen tell you. But those who are winning, are winning big and they speak very highly of the Nexgen method. People have a choice: listen to the losers or listen to the winners. I like to hear from the winners and emulate them. There are many trading methods that work. Some are better than others. They all will work if used properly. Yes, there are many ways to travel down the path to wealth. Some drive there in a Yugo, some ride a donkey, but I like my Lexus. Believe me, I test drove a lot of others before making the choice to get Nexgen. I have no buyers remorse, and my journey has been enhanced by the choice I made. Having said that, look at this. I found a new indicator this week that I'm trying out. So far, I'm getting mixed results, but I'm excited about the possibilities.
-Duck-

Why don't you start a journal or something and show people what it is you are doing and see if there can be better consensus? You seem very passionate about this approach.

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  #170 (permalink)
 Trader Duck 
Fairbanks, Alaska
 
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bluemele View Post
Why don't you start a journal or something and show people what it is you are doing and see if there can be better consensus? You seem very passionate about this approach.

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-

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  #171 (permalink)
 milford 
ct
 
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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)
 vovan348 
Moscow
 
Experience: Beginner
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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)
 bluemele 
Honolulu, Hawaii
 
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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)
 RosDaBoss 
USA
 
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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)
 dellcnu 
Dallas, TX
 
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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)
 trendisyourfriend 
Legendary Market Wizard
Quebec
 
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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


Happy reading :-)

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  #177 (permalink)
 Trader Duck 
Fairbanks, Alaska
 
Experience: Intermediate
Platform: Ninja Trader, Nexgen T-3 Fibs Pro Trader (Love Them!)
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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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  #178 (permalink)
 bluemele 
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Trader Duck View Post
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.

That takes a lot to do what you said.

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  #179 (permalink)
 sunny135 
Mississauga,Ontario,Canada
 
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Hi Paul
I am a Nexgen owner and tried and still trying nexgen to get success. Well, I tried a lot of tools as well strategies, went to see Jeremy for personal training too, but did not help much . Would you like to share any success plan with me? I appreciate your help. you can email me at hb1018@gmail.com



Trader Duck View Post
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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  #180 (permalink)
 sunny135 
Mississauga,Ontario,Canada
 
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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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  #181 (permalink)
 sunny135 
Mississauga,Ontario,Canada
 
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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)
 tradermark2009 
Concord, CA
 
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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)
 plethora 
Los Angeles, CA
 
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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)
 tradermark2009 
Concord, CA
 
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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)
 plethora 
Los Angeles, CA
 
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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)
 plethora 
Los Angeles, CA
 
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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)
 plethora 
Los Angeles, CA
 
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So Mark, are you saying you purchased the Fibs from @Fat Tails?

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  #188 (permalink)
 tradermark2009 
Concord, CA
 
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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)
 plethora 
Los Angeles, CA
 
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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)
 tradermark2009 
Concord, CA
 
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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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  #191 (permalink)
 plethora 
Los Angeles, CA
 
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OK, so we can both confirm that neither of us has traded the Nexgen system. Lol. If you're interested you can get a demo. Once you decide to cave, the lease is $5K a year. I believe they charge extra for the signals.

Funny you should mention the dValueArea - I just put it on my 4181-tick chart and have been watching it. I'll post the chart I was looking at today. Even my Trigger Lines are on that chart. I highlighed the POC in bold font before posting because I hadn't even been looking at it. Fascinating!

I didn't know Panda Warrior is using the dValueArea on his charts. Hippity hop over his journal...






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  #192 (permalink)
 tradermark2009 
Concord, CA
 
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Hi Plethora, Thanks for the charts...I trade an a scalp time frame, and use the dvalue, lately price has contained within the top/bottom lines and jumps of the POC one way other the other. Seems to depend on time,and what happened overnite. Like I said above that I like to use the time from the Euro start which helps to determine where the bias is already in the market....at least for me. Some days with chop it rides the POC whe the volume is weak. I stay out until it makes a second move with large trades to push the small stops and creates that little panic momentum. The key for me is to guage that momentum first by using a higher time frame chart of 3X or 5X of the entry.
I am updating my indicators otherwise I would post a chart. BTW, thank you for yours, and explaining the triggers.

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  #193 (permalink)
 plethora 
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Today's Crude


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  #194 (permalink)
 traderjcf 
Amherst, New York
 
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Is that on Big Mike's?

Thanks

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  #195 (permalink)
 plethora 
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Post 102
EMAMult21A

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  #196 (permalink)
 RDMENDES 
New York
 
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Fat Tails View Post
I have coded a fib confluence indicator, which is not a Nexgen clone, but produces similar results. If you want to test it, send me a private message. It would be pretty easy to code a 1:1 indicator for the current alternate.

Hi there

IF YOU HAPPEN TO HAVE A REPLICA OF THEIR fIBS RETRACEMENTS PLEASE CONTACT ME BECAUSE I'M INTERESTED ON THIS

Thanks
RDMENDES

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  #197 (permalink)
 Fat Tails 
Berlin, Europe
 
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RDMENDES View Post
Hi there

IF YOU HAPPEN TO HAVE A REPLICA OF THEIR fIBS RETRACEMENTS PLEASE CONTACT ME BECAUSE I'M INTERESTED ON THIS

Thanks
RDMENDES

@RDMENDES: I do not have a replica of the Nexgen fib retracements. I do not even know how they are being calculated - except that they are built from different types of fib lines including prior highs and lows, fib retracemtns, fib expansions and alternates.

The story of my own fib indicator is different and originally had not been influenced by Nexgen. My first attempt to code a Fibonacci indicator goes back to the year 2009, when I coded a FibonacciCluster indicator for NT 6.5. I have gradually developed this indicator, and the last version of it was CMIFibonacciClusterV93, which dates back to February 2010.



I had then adapted the indicator to NinjaTrader 7, and it became anaFibonacciClusterV14, which can still be downloaded here



However, the FibonacciCluster indicator had several weaknesses, and finally I have not continued to maintain it for several reasons:

-> The underlying zigzag used by the anaFibonacciCluster is built on swing highs and lows of the swing strength 2 (meaning a swing high is a daily high which is higher than the highs of the two preceding and the two following trading days, similar for lows)
-> The anaFibonacciCluster produces too many lines as an output, it is impossible (!) to trade off all those lines
-> The indicator did not reflect well the Fibonacci lines over several time frames

I therefore needed to change the architecture with respect to these 3 points:

-> Use a zigzag which is based on a minimum deviation (similar to the NinjaTrader zigzag indicator), with the minimum deviation being defined as a multiple of the average true range over the lookback period of the chart
-> Use different multipliers for the average true range to calculate the swing higs and lows for different time frames
-> Use daily data to expand the initraday data to reduce the amount of calulations done
-> Calculate confluence zones by using a moving confluence window, in order to produce only areas with the strongest Fibonacci support and resistance

For the confluence zones each of 540 fibonacci lines is attributed an individual weight, and those weights are added up within the confluence window to determine areas of support and resistance.

This is clearly not the method used by Nexgen, and the only thing that those indicators have in common is that they exploit fibonacci confluence and display horizontal lines, which are supposedly areas of support and resistance. Of course, I only have confidence in my own indicator, as I have coded it myself. Dnaiel Kahneman would explain that this has to do something with anchoring, and is not reasonable at all.

Also this was more a historical excursion to explain that the indicator was never intended to be a Nexgen clone, but had a different history. The description above also tells you how to code your own fibonacci indicator. It takes some time, but there is nothing magic about it. Fibonacci Lines work particularly well, if they line up with other areas of support and resistance. For example, if I was to trade the Nexgen system - which I have never tried to do - I would certainly add some floor pivots and treat them in the same way as the Fibonacci Confluence Areas.

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  #198 (permalink)
 trader2012 
Lviv+Lvivska/Ukraine
 
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Dear gentlemen and ladies (maybe) /forgive me for my English/ however after reading all the pages of threads, unfortunately I did not find a product review without some bias.
What I understood:
1. This indicator Lexus - to ride him you will have to spend more than 10k time (from personal experience of a successful trader)
2. The successful combination of simple single indicators on the same chart
3. Secret additive in the style of "Velvet Hands" Celentano associated with merging zones Fibonacci and it is very expensive.
What is I not understood:
1. Who is the target audience ...
However, I will be very grateful to those - who tried to use a similar approach to trade, and show screenshots or will list a set of indicators that are used to build the chart
Is welcomed in two variants:
- A set of free indicators
- A set consisting of labor that must be financially reward

I think after using a BM's Forum combination of indicators - evaluate Lexus in the future will be easier


P.S. Perhaps many have written sloppy. I hope in the future, most likely after 10k hours on the forum Mr. Big Mike, I'll write better

You all good health and all blessings

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  #199 (permalink)
 Cloudy 
desert CA
 
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CFTC Press Release 4977-04

https://www.cftc.gov/PressRoom/PressReleases/pr5216-06

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  #200 (permalink)
 trader2012 
Lviv+Lvivska/Ukraine
 
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It looks like everything, that is not an obituary -- is advertising...

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