No i don't as i consider 1210 ticks low enough. In fact, i usually get a good entry level if price gives me a reversal bar in an uptrend that points in the right direction as i would place a buy limit order 1 tick above the low of this reversal bar. I would not get a better entry even if i would use a lower interval. I tried many permutations using different intervals and i always come back to 1210 ticks/bar. It's a good compromise between too fast or too slow. 1210 ticks/bar gives you bars that vary between 3-5 ticks. This helps to gauge volatility. The other intervals that i use are only usefull to form an opinion about overbought/oversell conditions or trace a price channel etc. But i could trade without them. One thing i have realised over the past six months is that the search of *good* price levels of supply/resistance is a wrong quest. You can make money without knowing beforehand these key levels. This is one more reason why i use the trigger lines as they reveal the strength or weakness behind a move. No matter the level in front of you, you need a certain amount of strength to cross a key level. If price hits a wall so to speak, it will reveal itself in the MACD as well as in the trigger lines. That's why more and more i consider the search for *accurate* key levels as a secondary task. Most of the time (95% in reality) for a day trader, the last couple of swings (high or low) is what counts in his timeframe and it takes just a quick look at your chart to identify them.
Here is an example:
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Last edited by trendisyourfriend; September 4th, 2010 at 05:04 PM.
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I think eNini Academy , they use a variation of the same trend following system that evryone else uses. basically looking for the first MA crossover then find a entry.
I use their "TML" line just to see where price is on a retrace where the market will turn.
I calibrated their TML line for my 377 tick ES chart. The setting is a LinearRegression(curve) Line at 144 period.
If I understood correctly , you are reffering to the row of magenta and ?cyan? dots that show the momentum. . . you are referrring to these as the momentum dots.
These dots are colored by the position of the faster timeFrame linear Regression Line ( ? 20 period ?) If the FastLR is above the the "TML" then the dots are cyan if below the dots are colored magenta.
It's been a while since I figured it out. . . but
the Gray nuetral dot color is caused by either the price being above the "TML" and the FastLR below the TML
OR someother variariation of MAs being Stacked for Trend and the FastLR below the TML.
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Really simple. when price is above their "trigger line" (or tml as they call it), mid-band, and zero-line of macd. its more of a quick look type indicator. nothing that they utilize in their curriculum really and defiantly nothing to take trades from. And yes the system works well. It is what has taught me to trade. yes you can get the indies basically for free but from what i see discussing here the the settings are off and for one in particular the wrong one is being used all together. i feel it is worth the money because the classes that they teach and the curriculum is very good and easy to understand. but like anything you need to practice and "do your homework".
I believe it is, I tried EOT when i first got into trading (Oct 09) and my first trade I made 500 on 4 contracts on ES. Shortly there after I lost about 1500 on a minimally funded account, so i stopped very quickly and re-assessed my situation. I learned very quickly of how "green light, red light" systems do not work. At least not for me. I didn't like the fact that i wasn't learning anything, fast forward to now, after about 8 months of learning the ins and outs of the system i finally grew another pair and decided i was ready to start back up again. I could have done it WAY sooner but im young so why rush it. I just started back up again live about a month ago and haven't had a loosing day yet,(I know they will come one day) but i do work during the week so i can only do it on Mondays for the moment. only trading one contract right now to grow my account to starts trading 2. The training is very good, easy to understand, and methodical. that is what works for me. as far as the price, my dad bought it for me for a gift so i didn't' really pay for it but, with that being said, as i said before, I've been doing it live for a month, once a week and i am about halfway in profits for the cost of the course trading just one contract on ES and TF. Anything that teaches you a skill to be profitable in trading is well worth it. i am not anyone that works for the company, just a very satisfied customer. If you are seriously thinking about it i highly recommend it. If you put in the time to do the work, go to the "classes" and review the material in and out until it becomes second nature, you will make money.
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I know a couple who are members. The husband does well because his discipline is good and the wife does so-so because she has discipline issues. However, they both speak very highly of the training and believe it to be worth it.
I worked with another fella who was deep into eminiacademy and did some development for him to recreate the indicators with his "flavor" and he was doing pretty good too. I'm sure the indicators have changed since I initially did the work so what I have probably is no longer valid. Personally I didn't want to spend the money on the training so I never really got past the neophyte stage.
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Looking at these and other vendor charts, I can't stop thinking they are a blur and all look the same. Not an edge among them. Or, at least, not an edge the vendor has PROVEN. (God forbid you ask for the vendors' live and unadulterated trading statements to back the hypothetical hype.
Go ahead and subscribe. You've probably pissed money away on other more worthless things in your life that had no value. Haven't we all?