There is nothing wrong with Continual Process Improvement for trading systems.
Plan --> Test --> Execute --> Measure --> Adjust
Repeat.
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Candles vs Vol Charts... Same signals!
- Thread starter RangeTrader
- Start date
Plan --> Test --> Execute --> Measure --> Adjust
Repeat.
TF range is now too large for me to trade. Conditions are not optimal on the TF anymore. The NQ is only good in EXTREMELY low volatility. WAY too rippy otherwise.
If volatility moves even higher I will only be trading the ES during lunchtime within a month...
I have a couple different trading and charting systems. Whichever one seems to be working the best I stick with until conditions change.
I have decided a hybrid of time and VoL maintains accuracy pretty well through the type of conditions I currently trade...
Rally off the lows and first few hours after hourly reversal.
If the market goes into a bull market rally under 10 range per day again someday I have yet again different charts for those conditions...
I ditched pure volume charts because they are too much of a headache to keep the signals tuned in unless market conditions stay pretty much the same day after day. And they only really stay that steady for long periods during bull market rallies.
I decided to toss back up the bottom T-Wave indicator again because it's better at manual short term wave counts than my last wave counter I made.
I always go back in and revise the math once a month to see if I can make improvements and to check for errors.
If volatility moves even higher I will only be trading the ES during lunchtime within a month...
I have a couple different trading and charting systems. Whichever one seems to be working the best I stick with until conditions change.
I have decided a hybrid of time and VoL maintains accuracy pretty well through the type of conditions I currently trade...
Rally off the lows and first few hours after hourly reversal.
If the market goes into a bull market rally under 10 range per day again someday I have yet again different charts for those conditions...
I ditched pure volume charts because they are too much of a headache to keep the signals tuned in unless market conditions stay pretty much the same day after day. And they only really stay that steady for long periods during bull market rallies.
I decided to toss back up the bottom T-Wave indicator again because it's better at manual short term wave counts than my last wave counter I made.
I always go back in and revise the math once a month to see if I can make improvements and to check for errors.
Quote from Zr1Trader:
Reason I asked ... just seems like you are flip flopping a lot with some instruments and different ideas of what works best. Which is your most profitable instrument to trade if any?
'Switching to the NQ...'
"I was just looking over charts and holy crap... Fills are so much easier on the NQ."
"Grrr... I don't care for the NQ. Rippy mother."
"Switched back to the ES and nailed a couple, then played the TF through lunch into late day and just nailed it trade after trade..."
"The TF is in my opinion one of the most proper futures. It does what it's supposed to."
Right now ES and 6E are the most popular for retail traders, with CL and TF close behind. Contracts are only best for a particular system, each are different.
The main issue I have with pure time charting is that I miss the exact entry by quite a bit...
With volume charting I can get within a couple ticks of a perfect entry.
With volume charting I can get within a couple ticks of a perfect entry.
Diamonds...
Meh, diamonds are really best in a downtrend clocking at -150 to -250 on my trend strength index...
Either that or a uptrend clocking 150 to 250...
Friday was slightly odd in that we had zero bounces with only a moderate strength downtrend. Hmmm...
Meh, diamonds are really best in a downtrend clocking at -150 to -250 on my trend strength index...
Either that or a uptrend clocking 150 to 250...
Friday was slightly odd in that we had zero bounces with only a moderate strength downtrend. Hmmm...
Attachments
Have you ever tried to see what your system would look like with Renko candlesticks?Quote from RangeTrader:
The main issue I have with pure time charting is that I miss the exact entry by quite a bit...
With volume charting I can get within a couple ticks of a perfect entry.
I even have a Renko chart with a Smoothed Heiken Ashi applied, I use this for CL and DAX.
Generated a renko chart off a 5 minute chart. Size 1 and 2 box.
I have looked into Renko a bit. It's good stuff!
Something is fishy with my charting program... I think I have the wrong version on this computer. The other PC had Renko directly in the chart dropdown selection... Hmmm...
I have looked into Renko a bit. It's good stuff!
Something is fishy with my charting program... I think I have the wrong version on this computer. The other PC had Renko directly in the chart dropdown selection... Hmmm...