ES Journal Archive (2006 - 2008)

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Yeah I think I just said that but thanks

"For any point on the chart, including the DDF, or a pivot, or the previous day's high, low, close, or last hour high, low or close we suggest the following."

Your a little late to the party. The point is not whether it works (not for me anyway) it is whether a trader can develop a rule set that extracts some utility out of the indicator (or not). I just suggested a possible rule set that any trader interested in testing can use as a starting point.

and lastly MOMO, in contrast to an ad "selling hype" I am not suggesting that you buy anything. Next time give it some thought before you post.


Steve
 
Line in the sand is just that, DDF is useful, but only to a certain extent. If YOU do not use it yourself and YOU have said it yourself, than what makes you think by simply disagreeing, which you don't like judging from your posts in other threads, I am lazy and need someone to hold my hand?

I think you need to post the whole DDF concept here, I am sure you have access to it.

EDIT: http://www.elitetrader.com/vb/attachment.php?s=&postid=768022
 
I did tested the DDF as filter for an openrangebreakoutsystem ~ 1 year ago, and it enhanced the results remarkable, but of course there were times it did not work too good but that`s with all things/strategies in trading.....i remember not using 60 min, but more ~75 -90 min. In my discrete trading i like to look if market is trading over or under openprice after some time ~ 75-90 min, what is not very different from the the DDF concept. DDF is mostly useable if you have additional other ideas about if the tradingday is more a range or more a trend day.
 
Quote from steve46:

You sit there, and when people who do this work suggest things to you, you act like helpless children waiting for momma to spoon some food into your mouths.

OK, so here is a rule set you children can test.


Steve
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Steve , I have a great interest in your comments concerning DDF and other analysis that you may have. At this time though, I must ask you not to post here anymore. This is not the type of back and forth discussion that I wish to have in this journal. Thanks very much.
 
Quote from mechtrader41:

I did tested the DDF as filter for an openrangebreakoutsystem ~ 1 year ago, and it enhanced the results remarkable, but of course there were times it did not work too good but that`s with all things/strategies in trading.....i remember not using 60 min, but more ~75 -90 min. In my discrete trading i like to look if market is trading over or under openprice after some time ~ 75-90 min, what is not very different from the the DDF concept. DDF is mostly useable if you have additional other ideas about if the tradingday is more a range or more a trend day.
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Hello,

Interesting and extremely productive thread, hope it continues and new traders to ET (who also may or may not be new traders) find their way here.

I also tried out the DDF System over a year ago, with the same mixed results.

If a trader used good win/loss ratio (1:3 for instance) and only entered one trade during the morning session and/or one trade during the afternoon session they would probably have a system that gave them positive expectancy.

For me it was a tool that I used to help me understand the concepts of the rhythm, ebb and flow of the markets (they aren't linear, they are parabolic, which is why fixed concept methodologies aren't going to work - MY EXPERIENCE).

Best Regards,

P.S. ... Porgie, thanks for everything!
:cool:
 
here is a long list of bad stuff:
greater intelligence is advantage {opposite}
market knowledge
mechanical systems are bad
moving averages are bad {big huge mistake}
volume
hod/lod
pivots
support/resistance
all oscillators
fib
any news and i mean any
guessing also known as predicting
trailing stops............
not setting stops
trading before market open
not using pre determined exits
discretionary trading
using limit orders
any distractions
risk/reward under 1/3
trading against the trend
buying high
selling low
all of the above is bad for your trading if you need any of this stuff.....what i see each day is simplicity needed but complexity created................you can't get to upper level until you discard all of it like a snake shedding his old skin.............the million bits u learn are harder to unlearn as u must one by one until 3 or 4 is all you have left.........those are the ones that will be never changing......... not for the last 5 years......
 
here is one more and porgie gone for awhile..........for ym traders intrady only......................if you mentioned or thought counter trend/short today, you do not have a money making system that will take you anywhere but out.......get witht he program..........place your system gently in file 13 on top of the any other counter trend short systems placed there as soon as they were hatched........... THE TREND IS YOUR FRIEND..........FIGHT IT AND LOSE...........SHORTING IS AN ADDICTION........ADDICTIONS KILL.......now to help you out.......start over........get a simple moving average line that u like...........use 10 min chart or longer .............always trade in direction trend line simple moving average is headed...........the 5 and shorter charts are kiciking ur butts on you wont' admit it.....and if you can't admit something that obvious, put money u have left it mutual fund so somebody else can tend to it........
 
Quote from porgie:

THE TREND IS YOUR FRIEND..........FIGHT IT AND LOSE...........SHORTING IS AN ADDICTION........ADDICTIONS KILL.......now to help you out.......start over........get a simple moving average line that u like...........use 10 min chart or longer .............always trade in direction trend line simple moving average is headed...........the 5 and shorter charts are kiciking ur butts on you wont' admit it.....and if you can't admit something that obvious, put money u have left it mutual fund so somebody else can tend to it........ what i see each day is simplicity needed but complexity created
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Porgie...
You make the most sense when you advocate the KISS principle.
Thanks.
 
George, you know, I feel like experimenting, tomorrow I'll strip my charts of all TA tools that I use, in the end of the day I have some understanding of what you are talking about and not saying you are wrong or right about all indicators being bad, as this is YOUR opinion. I must admit that looking at charts without standard S/R levels will be awkward, but I'll still track previous days ranges from candle/volume formations.

I do have a certain pattern that I trade all the time when it occurs (not 100% success rate, though close) and other patterns are still being tested, so I can only assume that your trades are based on chart pattern formations that you have tested as being almost 100% "reoccuring" should i say.

Also, I think it will only benefit you to not post continuously your 100% accuracy in trade performance, unless you like being bashed. This is just a friendly advice more than anything else.
 
romik......the 100% thingie is done only when smart alecks show up....u r not one of those so far.....but to say it would benefit me not to say 100% is 100% incorrect.....and also the chart patterns also incorrect.....what benefits me and those who trade with/for me is the system that is as good as it is represented by porgie.......don't mess up your plans with anything i have said here or pm.......nobody accepts anything from anybody else.....it is the big "I" thing.........won't happen .......save the stress........each time a smart aleck appears on threads I come out with the 100% thingie just to really stir the flames since they are here for the wrong reasons......but the 100% thingie is good for me.......somebody has to do it.......and the 3 to 4 point "safe stops" really tears them up...........YM of course........happy trading
 
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