Look at this nice trade at the end of the day ...1-31-2006
-dennis
-dennis
Anyone use my method?
- Thread starter no_pm_please
- Start date
I have the exact same questions and I'll post my parameters below.
First I want to thank No PM for his time and effort. I've read both threads twice.
I also noticed the nice setup at the end of trading today, and caught part of it only, (1/31/06), so hopefully my settings are correct. {The one question is that the ADX on my chart wasn't over 30, but it was very close. I will try to attach the chart. I hope it works.}
I use IB and Sierra Charts and this is how I have it set up. Any corrections, clarifications or suggestions are appreciated.
1. ADX:
DX length 14
DX Mov AVG length 14
2. Keltner Channel:
Keltner Mov Avg Length 20
True Range Avg Length 2.5
Top Band Multiplier 1.6
Bottom Band multiplier 1.6
Keltner Mov Avg Type 0
3. CCI:
Data Item HLC AVG
Length 20
Multiplier 0.025 (I'm shaky on this one)
Line 2 Value 100
Line 3 Value -100
4. Parabolic:
Start Accelerat Factor 0.02
Acceleration Increment 0.15 (Not sure)
Max Accelerat Factor 0.2
Adjust for Ga[ 1=yes 0=no 0
I'm not sure if I have the CCI and Parabolic settings right.
Thanks for any input. Great thread(s).
Charts aren't loading for some reason. I must be doing something wrong.
There is no right or wrong settings, I suppose, but my settings are a bit different than yours in these:
2. Keltner Channel:
Keltner Mov Avg Length 20
True Range Avg Length 2.5 [ I use 20 here]
Top Band Multiplier 1.6 [ 2.5 ]
Bottom Band multiplier 1.6 [ 2.5 ]
Keltner Mov Avg Type 0
3. CCI:
Data Item HLC AVG
Length 20
Multiplier 0.025 (I'm shaky on this one) [ 0.015 ]
Line 2 Value 100
Line 3 Value -100
(For Parabolic, I have the same settings)
Good trading.
no setup today....but here's a potential setup for tomorrow morning. My trading timeframe is 630 pst - 1315 pst.
ok...here's this mornings setup....2-2-2006....we'll see how it works out.
.....but did not go anywhere today. Better trades down the road.