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THREE SET UPS


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THREE SET UPS

  #941 (permalink)
RiskControlMaster
California, USA
 
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shodson View Post
For scalping, being "right" frequently is definitely very important.

As far as context goes, it definitely helps, but the reason I think you can still succeed without context is that an IB is a pause, and most of the time the next move of the market is 50/50 and if your loss is x and your profit target is y where y>x, on a 50/50 setup, over time, you make money. The key is time frame: how long of a pause is a good pause? It has to be long enough to allow larger time frame traders to push the market in the next direction. If it's too short then your moves won't have enough energy behind them to matter.

I have a different view on this, when u have 50/50 setup, and ur x/y is y>x, then ur setup is no longer 50/50, it will be more losser than winner, and u r hoping to get bigger winner to cover the losses u have from the loser
In scapler, we are hoping to have more winner to cover the bigger loser.

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  #942 (permalink)
RiskControlMaster
California, USA
 
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shodson View Post
I thought I had my stop below that wick, but it looks like it was filled right at it or even just above it!?!?!

Might be the wider spread at the bottom?
Over all the setup looks good, it might just be unlucky here

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  #943 (permalink)
 
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 cunparis 
Paris, France
 
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check this out: two inside bar setups on the ES daily (RTH). I didn't trade the breakouts because I was already short on the first one and already long on the second, but it's nice to have that confirmation when in the trade.


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  #944 (permalink)
 fusion 
East Coast
 
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Hi Jeff and All,

I have NT 7.0.0.23.

Indicator ReversalsV6 gives signals for Reversal and Inside bars on bar close. In other words, it calculates on bar close even though I set it as "False". Outside bar is working OK. Please see the three attached charts and compare the time remaining on each chart. Could someone lookt at the code and fix it? TIA

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  #945 (permalink)
 
Jeff Castille's Avatar
 Jeff Castille 
Northern California
 
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fusion View Post
Hi Jeff and All,

I have NT 7.0.0.23.

Indicator ReversalsV6 gives signals for Reversal and Inside bars on bar close. In other words, it calculates on bar close even though I set it as "False". Outside bar is working OK. Please see the three attached charts and compare the time remaining on each chart. Could someone lookt at the code and fix it? TIA

The outside bar was intentionally coded to paint WHEN it becomes an outside bar NOT after it becomes an outside bar....as in at bar close.

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  #946 (permalink)
 fusion 
East Coast
 
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Jeff Castille View Post
The outside bar was intentionally coded to paint WHEN it becomes an outside bar NOT after it becomes an outside bar....as in at bar close.

Hi Jeff,

Do you mean that signal for Reversal bar or Inside bar will not appear till on bar close? TIA

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  #947 (permalink)
 
Jeff Castille's Avatar
 Jeff Castille 
Northern California
 
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fusion View Post
Hi Jeff,

Do you mean that signal for Reversal bar or Inside bar will not appear till on bar close? TIA


Exactly.......

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  #948 (permalink)
 
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 jtrade 
near Amsterdam
 
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Trying something a little different (in addition to my use of range bars with this method, as described earlier) : I just discovered FT's MultiplePeriodCandles overlay, so that's what I've done : these are 15 min bars over my R5 chart. I notice they don't quite line up timewise with my regular M15 chart, but I think that's a function of range bars not lining up either.

Hey, Jeff : I'm still using an M15 chart for context, as introduced to me by you on this thread (thank-you yet again ) - how about you (I see you have additional developments on other threads) ?

J.

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  #949 (permalink)
 
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 futurestrader1 
New York City, USA
 
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from page 1 of the thread ..the charts template .xml doesn't work on my NT 7...is there a template for this , i cant' locate it.

Thanks

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  #950 (permalink)
 
Jeff Castille's Avatar
 Jeff Castille 
Northern California
 
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futurestrader1 View Post
from page 1 of the thread ..the charts template .xml doesn't work on my NT 7...is there a template for this , i cant' locate it.

Thanks

This ought to do it.....Ninja 7 ........template with indicators....

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Elite Membership required to download: ReversalsWithVolume.zip
Elite Membership required to download: REVERSALS WITH VOLUME.xml
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