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I was in the PureTick room last year also...not a fun room. I found that Alex would front room his room and fade on calls and get the newbies stuck either long/short. I really enjoy trading the YM, like the price action. I trade the breakout/retrace/breakout-or the 1-2-3 reversal. Hang in there...really at the days ends...it is really about seeing the trends in there different time frames and trading the strong trend...of course removing as much emotion as possible...it will take time. My theory is do it on the sim, it makses it easier RT with real $$$. Hang in there...hard work will pay off. Thanks for sharing.
My question...what post did you get the pic from post 2142. I have a problem seeing the ninja indicators, since I use Sierra Charts, and thinking of changing. BTW, this thread has been the greastest for me...Thank You...Everyone on This Thread!
Thanks for your kind encouragement. I will hang on now that I have more brains to pick .. smile ..
It's very challenging and I felt very helpless at the beginning. Trading is not about reading books/watching videos or even have a mentor. PureTick does not work for me as I do not understand the set-up. As a newbie, I got trapped (exactly what you said) since I was reluctant to add when my only contract went against me immediately. When I was with them, I made $20-$30/day occasionally and lost $150-$250 once or twice a week. Getting stopped out 2-3 times in a row was not fun. Making 7 ticks with a 20 ticks SL is not appealing. I like the KwikPop strategy since we will have a warning to get out either breakeven or 1-2 ticks to the market with an initial 4-tick target.
You will find Jeff's updated All Your Need Template from Post #2025 on Page 203. I will try to locate the indicators and create a similar chart for ES.
Happy & Successful Trading.
Beth
Trading is NOT about being right. It's about Trading Right!
I agree, the simpler the better. It is nice to have all these indicators and oscillators but too many filters will cause paralysis and indecision. A trader needs to find a system or strategy that gives him/her and edge and then step up and take the siganals without hesitation.
Platform: Sierra Charts, Investor RT, Ninja Trader
Broker: VanKar
Trading: NQ
Posts: 520 since Sep 2009
Thanks Given: 583
Thanks Received: 1,248
Jeff
Are you still doing the ORB? This is still my favorite technique since not dependent on reading any indicator. Any thoughts on filtering direction using an EMA or other MA? Based on what I have seen in Mike's CL Skype room, this might help. I don't really know how to back test this idea, but am watching it over the next couple of weeks to see if has an impact.
The CL ORB has been doing very well. I think that you may have a good point about getting direction from other indicators. I have looked at this and the first signal after the open that is with the established trend is usually a very good one.
My TEMA(3) and EMA(34) don't lay together on panel 2. TEMA(3) just lays flat as a straight line. Is it EMA or ColorSampleUniversalMA you use for EMA(34) ? TEMA(3) and the z1trendbars are all expectedly on panel 1; right ?
In any case, can you please share this seasonal colored template ?