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Mystery Chart


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Mystery Chart

  #41 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
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hondo69 View Post
Great work Sharky, this is much better.

I've been playing around with different chart settings and need to narrow it down just to a couple. Until then, still using the 9 range chart. More than anything, having trouble honing in on the proper Period to use, but that will come with time.

On the 6E, I like using this 9 range with two other charts: 2000 volume and 53 tick. The three charts together are a nice combination.

TREND: My 2000 volume chart has two different MA's. The main one is a 26 SMA. I look for three closes below the line for down trend, three above for up trend.

INTERMEDIATE:
9 range chart

SHORT: Here I watch the pivots. In an up trend, both upper and lower pivots should both be moving up. When price violates a lower pivot (during a retrace) it indicates a possible setup. Should price come back up and close above the pivot line I'll go long. Of course, I check my other charts before entering. There are certain times I'll pass on the trade depending upon conditions.

The 9 range often coincides with the pivots on the short term chart so I use it as a guide right now, sort of a Super Pivot indicator.

hondo,

You seem to have the orignal ZiNonLagma and the ZiNonLagMA_v03 on this chart. Yeah, it feels better; I do that too.

Your "SHORT" chart is the 53 tick chart; Right ?

Lolu

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  #42 (permalink)
 emini_Holy_Grail 
Dallas,TX
 
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silvester - No, I wasnt talking about more signALS. if look at my chart, there is one short signal in 15min and plenty of yellow for neutral color, and bottom one with ADXVMA has like same 1 short signals, but has very less neutral color bars.

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  #43 (permalink)
 
Silvester17's Avatar
 Silvester17 
Columbus, OH
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emini_Holy_Grail View Post
silvester - No, I wasnt talking about more signALS. if look at my chart, there is one short signal in 15min and plenty of yellow for neutral color, and bottom one with ADXVMA has like same 1 short signals, but has very less neutral color bars.

now I'm a little confused. but again if you change filter and split tick settings you will have less neutral color bars as well.

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  #44 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
Posts: 1,145 since Aug 2009


hondo69 View Post
Great work Sharky, this is much better.

I've been playing around with different chart settings and need to narrow it down just to a couple. Until then, still using the 9 range chart. More than anything, having trouble honing in on the proper Period to use, but that will come with time.

On the 6E, I like using this 9 range with two other charts: 2000 volume and 53 tick. The three charts together are a nice combination.

TREND: My 2000 volume chart has two different MA's. The main one is a 26 SMA. I look for three closes below the line for down trend, three above for up trend.

INTERMEDIATE: 9 range chart

SHORT: Here I watch the pivots. In an up trend, both upper and lower pivots should both be moving up. When price violates a lower pivot (during a retrace) it indicates a possible setup. Should price come back up and close above the pivot line I'll go long. Of course, I check my other charts before entering. There are certain times I'll pass on the trade depending upon conditions.

The 9 range often coincides with the pivots on the short term chart so I use it as a guide right now, sort of a Super Pivot indicator.

What width are you using now on those plots and how has that changed your method when it was 90?

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  #45 (permalink)
 
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 hondo69 
Austin, TX
 
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Yes, Lolu, the short chart is a 53 tick chart.

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  #46 (permalink)
 
hondo69's Avatar
 hondo69 
Austin, TX
 
Experience: Intermediate
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I bounce back and forth using a line width (hash) of either 90 or 30. When I use 90 my intent is to "blurr" the data to a greater degree. Therefore, I must plan to enter a longer term trade. As I switch back to a 30 line width I have less data "blur" and am able to enter and exit more quickly, often resulting in a shorter term trade.

Which puts me smack dab back in the middle of the trader's paradox. Sometimes short term works better and other times long term works better. How do you pick just one "blurr" setting without compromising your trading rules too much?

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Last Updated on January 11, 2010


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