Search results

Developing a price based trading plan (PBP) #5 TIME – The Forgotten From the 1st developing a PBP post: (http://www.elitetrader.com/vb/showthread.php?s=&postid=1849757&highlight=Developing+a+price+based+trading+plan#post1849757) “There are many variables in a consistent and...

amitman, Nice posts on entry types. All of them are valid and as I always say (Order of Analysis) and as u pointed out it will depend on the instrument and timeframe you are using. The decision to choose a particular trigger is dependent on the other factors of your PBP not the other way...

Floyd Why did you enter a short at the first arrow on your chart when price was above the 240 WMA? Thank you. Look at the slope of the 240 WMA is red. This is the key. triplepack On your previous post arrows 7 + 8 appear to be going against price action as described. 7 appears to be...

ERRATA Before I answer your questions I would like to post a correction in my last chart, winners 7 and 8 ARE NOT PERFECT SETUPS !!! I didn’t want to mislead anybody here and I am sorry for the mistake. It was 12:30 AM and I post this chart after reading Ironfist post which I...

IronFist, Your same chart 240 WMA and Hull 17 Today YM US morning 10 Trades, 9 winners more that 144 ticks potential range 6 tick max drawdown. 1 losser 8 ticks. No further comments jjrvat

greddy, As for myself, I developed bad habits in trying to pick bottoms and tops. I studied so many different methods that I need to get rid of garbage, and just stick to price action. I was not able to put a single trade on as I watched in disbelief as NQ grinded lower all day. Should have...

IronFist I hope my questions aren't annoying My next question is posted on this chart example: Chart setup: 300 constant volume chart 240WMA 144WMA (the other one, but ignore this one) 6WMA also a 6 "Zero Lag MA". It pretty much matches the 6WMA but I was just plotting them both for...

Floyd Roberts How do you determine what moving average to use along with the 240WMA? I trade the NQ and look at either the 110 Tick or 30 Tick chart. The 6 WMA seems to crowd the bars too much and is extremely sensitive (whipsaws) especially on the 30 Tick chart. Do you have any suggestions...

Ironfist NQ example This is a good example on the implications of price analysis, indicators and perspective in a simple trading system. I will only focus on the factors that are relevant to this thread… The original system “The only indicator I'm using is a 60EMA. Go long when the...

maninjapan ….as far as the HH Hl / LH LL then price is almighty, the MA, whichever it may be is only a visual tool to help you see things a bit clearer … Yes. The importance of H/L analysis is also given by the fact that you are delimiting your trading field. There are thousands of...

Thank you very much for your kind words, emails and PMs.... I've been very busy the last weeks but I am back and I am happy to continue with my posts as soon as I reorganize the last comments in this thread... jjrvat

Rob, Thank you for your post, it contains a lot of highly relevant information and I will elaborate an argument in detail on some of your comments so we can have a constructive discussion but for now: Everyone talks about risk as if it were a single-issue entity but, of course, it...

let's say i have an indicator that goes ahead of the HMA (stochastic for example) meaning the signal to enter long comes before the HMA changes it slope back up and let's say price analysis is ok (meaning Macro ok and the waves just made a HH and a LH before that) do you consider it an invalid...

Mistake or failure#2 ? Amitman posted a SPY 0.1 rng in which he highlighted a real example of timing failures in which price analysis was ok but the trigger and exits were not very consistent. I think this example can be very useful in the context of indicators. A brief summary (amitman...

Actually, I do NOT see that?!?!? What is the actual trigger in this example according to your method? What is the actual trigger in this example according to your method (TheRumpledOne) These are not the valid entries according to the original price trading plan...

Developing a price based trading plan (PBP) Indicators #5 As long as indicators are used only as visual aids, they are not going to cause distortions (and there is not a trade off). In the case of the example: Direction Indicators (Macro direction) 144 WMA If instead of using fix...

Developing a price based trading plan (PBP) #4 Indicators #4 I finished my last post on indicators (http://www.elitetrader.com/vb/showthread.php?s=&threadid=113456&perpage=6&pagenumber=49) with the questions do you need to introduce indicators? What will be the cui bono?. Curiously the...

Amitman, Don’t get me wrong, you seem a bit confused but I don’t quite understand what you are looking for (before you mention choppy times, how to recognize potential change of direction and now triggers?, failures?, exits?, whipsaws?). Although your chart doesn’t say much (totally out...

You think that this whole approach is to discretionary (Timokrates) No !!! Price analysis is not discretionary. You trade or you base your trades in what you see even if you have a bad trade (that’s the cost of doing business). Your trigger might be flexible, however the less...

Do you have a special 'pattern' you watch on the DOM? Like if the ask is two times the bid or vice versa? Or big numbers like you mentioned? What about spoofs? (Timokrates) No, I trade from the DOM but I don’t use as an “indicator”. I tried for a while; sometimes you can find...