DumTom needs a Trading Strategy can you help.

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Quote from candletrader:

Brother DumTom,

Ask Brother Faster Pussy Cat or Sister Katrina... they are both excellent traders and they live near you... indeed, just flash a mirror in front of yourself and say hello to them from me.

Love,
Candle
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Brother Candle,

You have truly mastered the art of guessing brother TraderRX and the 8752 other handles he goes by.

nitro
 
Quote from bobcathy1:

The absolute easiest is to take moving average crosses with tight trailing stops.
Old fashioned and it works.
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You will be chopped to pieces ...
 
OK...here you are......For everyone here.
This is my little payback for all the information i've gotten on these pages.

It's a TradeStation Indicator i wrote myself, (not sure if qcharts works the same way) and paints a pretty little picture on an "ES 100 tick" chart. This is my pride and joy (Ok...really just one of them!!! ), so use it right! Cut and paste everything between the stars and paste in as a "new indicator" in a separate "subgraph" on a 100 tick ES chart..

Set it up as a "histogram"........ plot1 as weight1 (smallest bar), plot2 as weight2, plot3 as weight3, and plot4 as weight4 (nice thick bar!) and uncheck the "update indication" box for all plots. Easy to read and gives a nice insight to the prevailing market trends.

For a real thrill, set up a second indicator and replace all the "20"'s with "10" and use both at the same time to get a little bit of an edge, but the 20 seems most important, to me anyway.

I'll warn you....use it on a 100 tick chart only. It's not for minutes or any other tick time frame. Choppy markets still give it a fit, but it will show you the way on nice, longer term (10-20 minute) moves.

Send your checks, money orders and cash directly to me. {:)}


***************************************************

Inputs: TC(upticks-downticks);
Plot1(5);
Plot2(10);
Plot3(15);
Plot4(20);

If average(tc,20) <= -12 then setplotcolor(1,red);
If average(tc,20) <= -12 then setplotcolor(2,black);
If average(tc,20) <= -12 then setplotcolor(3,black);
If average(tc,20) <= -12 then setplotcolor(4,black);

If average(tc,20) > -12 and average(tc,20) <= -6 then setplotcolor(1,red);
If average(tc,20) > -12 and average(tc,20) <= -6 then setplotcolor(2,red);
If average(tc,20) > -12 and average(tc,20) <= -6 then setplotcolor(3,black);
If average(tc,20) > -12 and average(tc,20) <= -6 then setplotcolor(4,black);

If average(tc,20) > -6 and average(tc,20) <= 0 then setplotcolor(1,yellow);
If average(tc,20) > -6 and average(tc,20) <= 0 then setplotcolor(2,yellow);
If average(tc,20) > -6 and average(tc,20) <= 0 then setplotcolor(3,black);
If average(tc,20) > -6 and average(tc,20) <= 0 then setplotcolor(4,black);

If average(tc,20) > 0 and average(tc,20) <= 6 then setplotcolor(1,yellow);
If average(tc,20) > 0 and average(tc,20) <= 6 then setplotcolor(2,yellow);
If average(tc,20) > 0 and average(tc,20) <= 6 then setplotcolor(3,yellow);
If average(tc,20) > 0 and average(tc,20) <= 6 then setplotcolor(4,black);

If average(tc,20) > 6 and average(tc,20) <= 12 then setplotcolor(1,green);
If average(tc,20) > 6 and average(tc,20) <= 12 then setplotcolor(2,green);
If average(tc,20) > 6 and average(tc,20) <= 12 then setplotcolor(3,green);
If average(tc,20) > 6 and average(tc,20) <= 12 then setplotcolor(4,black);


If average(tc,20) > 12 then setplotcolor(1,green);
If average(tc,20) > 12 then setplotcolor(2,green);
If average(tc,20) > 12 then setplotcolor(3,green);
If average(tc,20) > 12 then setplotcolor(4,green);

**************************************************
Please do NOT forward this to anyone else. It's mine. I share it here only.

It's quite simple and quite effective. :)
 
Oh...I almost forgot, you'll notice that this indicator never takes "price" into account (although price follows this indicator very closely) since price is only an end result of supply and demand.
 
Quote from bobcathy1:


Whenever the MAs cross, get in.
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I've been wondering if you ever jump in on a price cross over the
5-period? Or a price cross over the 15-period? Or how about
Don's entry where he waits for the MA cross and then waits
for a pullback from there? Do you always use just the MA cross?

Doesn't Don also use an entry sometimes where he jumps in
off of a stochastic divergence attempting to buy a bottom?

I just like to ask questions... :p
 
We have a market that is plagued by light volume.

The least risky trade is the MA cross in my estimation.
Also buy into the first pullback to the 15 line.

Price crosses tend to fail, and the stochastics seem to way off in the last few days.

I switched to the 13 chart so I did not get caught in the whipsaws of the lower time frames.

I back tested Don's method on Trade Station and found it worked well on a 13 min and daily chart with a trailing stop.
 
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