Hi Samtron,samtron said:Nas,
By including the 10 min are you not in danger of getting mugged by market reversals?
Garethb,
Thanks for your input to date
Not so far, I mainly use the settings for O/B or O/S conditions as Signals. But I’ve changed these settings early last week, and have found that changing the 3 to 5 Min has prevented me from overtrading and from following the oscillations of the 1-Min, which turn directions as often as 5 Mins, or up to 20 Mins. peak to peak (O/B to another O/B point). Therefore, I kicked up the 2 higher TF’s.
The 10 Min MACCI has provided me addition comfort in confirming the oscillations of the market. I’ve notice by using the 3 & 5 Min. vs 5 & 10 Min, I got too many false oscillation confirmations. Or another way of putting it, I think that the 3 & 5 (as the 2 higher TF's) are just too small for oscillators. On the other hand, each of us need to find a comfort level, and this is where I am currently.
Also, during the Nov 6th & 7th trending market, using the 3 & 5 Min MACCI, would not have helped ID the Dow's trending, while using the 5 & 10 Min MACCI instead would have (since 2 higher TF's req'd for confirmation).
Sorry for the mix up Samtron & Garethb.
Nas
Last edited:
Dow in Consolidation - Tight Range
Garethb,
I say the Dow is in a very tight range, up/.down/up/down going sideways.
I'd say the Dow at least has to break out either Up (over 12190) or Down (below (12150) to see where the Dow wants to take us. Time is 10:02 ET at the moment.
Regards,
Nas
Garethb,
I say the Dow is in a very tight range, up/.down/up/down going sideways.
I'd say the Dow at least has to break out either Up (over 12190) or Down (below (12150) to see where the Dow wants to take us. Time is 10:02 ET at the moment.
Regards,
Nas
12:12 OS Signal
L 200 AAPL 83.92
Cover 200 84.30 EE 102/95/106
P/L + 72 (This trade should actually have been approx twice the quantity but I had the risk value parameter of my position calculator accidentally set to $75 instead of $150)
L 200 AAPL 83.92
Cover 200 84.30 EE 102/95/106
P/L + 72 (This trade should actually have been approx twice the quantity but I had the risk value parameter of my position calculator accidentally set to $75 instead of $150)
Last edited:
Paul
I decided yesterday in my mini reveiw to continue to take all strategy 3 signals (as it is paper trading at this stage) and apply trade management as best as possible. I have had an uncanny knack in the past of leaving the signals which indicate a reverse and taking the ones which continue in trend.
My aim was to try to validate relatively simple rule(s) if possible to keep me out in certain circumstances and validate a possitive expectancy at other times. eg if all signals are taken unless INDU >50 or < -50 at the time of entry is does this give me a possitive expectancy. I don't know what those values might be yet so I'm just taking everything (although the good old +/- 50 does seem to be helpful if applied at time of entry rather than just at the open).
Thanks for watching and helping. You posting that has made me think perhaps my taking these trend trades, whilst useful for gathering info, does reduce the journal's value as a learning excercise towards live trading. If I get into the habit of recording everything then I am more likely to continue that habit into trading everything when I "go live". Also it frustrates other contributers as they can't see what would be a trade and what would not.
From now on I will settle for one simple rule based on the net change of INDU and If I post then it is a trade I would intend to take. I will keep other "trades" out of the journal so I can really see how I am progressing.
Thanks for your support
Gareth
I decided yesterday in my mini reveiw to continue to take all strategy 3 signals (as it is paper trading at this stage) and apply trade management as best as possible. I have had an uncanny knack in the past of leaving the signals which indicate a reverse and taking the ones which continue in trend.
My aim was to try to validate relatively simple rule(s) if possible to keep me out in certain circumstances and validate a possitive expectancy at other times. eg if all signals are taken unless INDU >50 or < -50 at the time of entry is does this give me a possitive expectancy. I don't know what those values might be yet so I'm just taking everything (although the good old +/- 50 does seem to be helpful if applied at time of entry rather than just at the open).
Thanks for watching and helping. You posting that has made me think perhaps my taking these trend trades, whilst useful for gathering info, does reduce the journal's value as a learning excercise towards live trading. If I get into the habit of recording everything then I am more likely to continue that habit into trading everything when I "go live". Also it frustrates other contributers as they can't see what would be a trade and what would not.
From now on I will settle for one simple rule based on the net change of INDU and If I post then it is a trade I would intend to take. I will keep other "trades" out of the journal so I can really see how I am progressing.
Thanks for your support
Gareth
Grey 1
Since I started this journal excercise I have made a paper profit of $600 in 9 days trading. This is with a notional risk amount of $150.
The first 5 days I made $145 from 12 trades, at which point I reveiwed the trades and refined my entry and trade menagement rules. In the 4 days since then I have made paper profit of $455 in 10 trades.
At present my plan is to reveiw progress tomorrow after the second 5 days trading and will probably then try trading it with real money.
Regards
Gareth
Since I started this journal excercise I have made a paper profit of $600 in 9 days trading. This is with a notional risk amount of $150.
The first 5 days I made $145 from 12 trades, at which point I reveiwed the trades and refined my entry and trade menagement rules. In the 4 days since then I have made paper profit of $455 in 10 trades.
At present my plan is to reveiw progress tomorrow after the second 5 days trading and will probably then try trading it with real money.
Regards
Gareth
Samtron
I think I only use the term divergence to refer to using Grey1s divergence indicator which was posted a few weeks back. I use this as an additional exit signal and look at it on the 3 minute timeframe (cos it's the one in the middle - sort of average of my timeframes) with a numbars parameter of 2. It doesn't happen very often and I'm not sure whether it's made or lost me money overall so far.
Gareth
.
I think I only use the term divergence to refer to using Grey1s divergence indicator which was posted a few weeks back. I use this as an additional exit signal and look at it on the 3 minute timeframe (cos it's the one in the middle - sort of average of my timeframes) with a numbars parameter of 2. It doesn't happen very often and I'm not sure whether it's made or lost me money overall so far.
Gareth
.
