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A ZN trade


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A ZN trade

  #1 (permalink)
Maletor
Boston
 
Posts: 88 since Jun 2009
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So here's what I just discovered.

I've probably tried every indicator.

Every trading system.

Subscribed to every guru. (Well, that's not really possible, they'd bankrupt you by the 2nd or 3rd one you got to.)

And ultimately, I think for me it was just about fooling around the charts with everything I knew and just trying different combinations of things I liked and seeing what works and what doesn't.

Here's a little something I just came up with and have been manually backtesting on replay mode.

Buy when stochastics crosses back over the 20 line if all three time frames show an up trend. Standard stuff. Trading 101.

7 tick stop loss and 7 tick profit.

It would be nice to have a runner too and close it out on the first red HA candle on whatever TF you like depending on how biased you are on the market. I always move runners up to breakeven +1.

Anyways, check this out. Let me know what you think.

(By the way, this system will have made you a millionaire if you had bought on a 89 tick chart and held until the 2584 tick chart made a red HA. Just saying... )

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  #2 (permalink)
Maletor
Boston
 
Posts: 88 since Jun 2009
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Here's another one just to illustrate the other direction.

And it's funny right after this one there was another one to take.

Make sure the MAs on your bigger time frames line up with the trade.

Enter at the midpoint of the bar that crosses the 80 or 20 line.
Gravestone doji might mean just get the bleep in.

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  #3 (permalink)
Maletor
Boston
 
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Here are some setups from this morning.

See that top there? Want to guess where stochastics were on the higher time frame?

That was the reason I stayed out of the trade. We had the same trade setting up on a larger time frame.

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 Big Mike 
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Hope it's alright if I post some of my charts on your thread.

I am using 4 range, 1597 volume and 4181 volume. I am not sure how that relates to Sierra Chart. I think TradeStation calls a range bar a "Shares" bar I think. Noticed you were using tick bars?

Here is a 4181v chart with just price bars, the DMA 14 ZeroLagEMA/14 ZeroLagEMA, a custom VWAP and MML (Murrey Math Lines). For ZN, I am finding 4181v to be a nice "big" chart for determining big trend.



Then here is a 4r chart I am playing with for entries. Just the same VWAP and the price bars are rHeikenAshi from tradingstudies.com, they are more sensitive than my TrendBars on the 4181 chart so are useful for entries. Below that I have a Williams %R modified with JMA smoothing to just point out OB/OS conditions.



Mike

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  #5 (permalink)
Maletor
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Your comments are always appreciated Mike.

How do you use Murrey math? Just as confirmation for buys and sells around the 0/8 4/8 and 8/8?

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 Big Mike 
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Maletor View Post
Your comments are always appreciated Mike.

How do you use Murrey math? Just as confirmation for buys and sells around the 0/8 4/8 and 8/8?

It's more than that, check these two docs out.

Mike

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Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Maletor,

I wrote up an article yesterday on MML's:


Mike

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Maletor
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I read it all up. I like them, but I don't think I would trade with them.

I am going back to the basics. I am researching harmonics (fib retracements) price action (hammers and inside bars), and support and resistance (trendlines, triangles).

"Indicators lag the past, while price action indicates the future."

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Big Mike's Avatar
 Big Mike 
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Maletor View Post
I read it all up. I like them, but I don't think I would trade with them.

I am going back to the basics. I am researching harmonics (fib retracements) price action (hammers and inside bars), and support and resistance (trendlines, triangles).

"Indicators lag the past, while price action indicates the future."

I look forward to seeing what you come up with.

Mike

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 jokertrader 
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Hi Mike

I cannot tell u how much I appreciate all your work - organizing this thread, the webinars... truly awesome

Recently I cam across your early day trading ZN (this thread) and then 6E

Wondering if u still use the 1597 volume chart.. i was using 1500 for ZN
I use the Volatility trend indicator from Sierra - you have a similiar line - not sure what that is
I use the MACD - 6,19,9
and
Bollinger Squeeze 2 (works good on CL not so much on this)

Any thoughts based on your experience - what you have finally decided on?
What volume chart works best for ZN and 6E
What MACD setting u feel is good.. i read somewhere on 6E.. using a 3,18 MA with a 233 volume chart

any thoughts or threads will be much appreciated.. i have fooled around with all these charts and am sure will arrive on something.. like for CL now i like the 512 volume chart and a 1500 volume larger timeframe.. and sometimes use a 377 tick chart for entry.. thats IT.. so i want to use your experience if i may and come up with some setting and then stick with it

thanks
Jay

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