Something very simplistic

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Originally posted by Quah


Marco - If you have Ensign, just use the fib cycle tool to put those lines on the chart. One click. And yes, simple formula.
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Wow this is taking care of your customers :p
Thanks for your quick reply!
Marco
 
Has any one looked in to using this system with the $5 Dow E-mini? Just a thought. I know its not as liquid as the ES an NQ, but is picking up every day. If any one has the time try paper trading it. I will attempt it, but still learning my charting software, and my take a couple of days to get going. Thanks
Kyle
 
Originally posted by KB96
Has any one looked in to using this system with the $5 Dow E-mini? Just a thought. I know its not as liquid as the ES an NQ, but is picking up every day. If any one has the time try paper trading it. I will attempt it, but still learning my charting software, and my take a couple of days to get going. Thanks
Kyle
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I haven't looked at it, but my initial thoughts are that it is not nearly volitile enough for something like this - at least not yet.
 
Quah...I'm ready to start this tomorrow, but am confused about
something. I've attached a screenshot of the Qcharts setup I'm
using. On the top is a 1min with a 34,2,34 stoch. On the bottom
is a 2min with 17,1,17 stoch.

In comparing the upper stoch with the one you posted earlier
today, the only difference seems to be right between the 9:30
and 9:45 area. Neither of the stochs I see dip below...but the
one you posted does. This is also evident in your trades for
today...you went short on the first 3 trades.

Do I have something set wrong? Why does my 1min stoch look
different from the one you posted, and what do I need to do
to fix it? Someone help!

Also, are you still using the 2min stoch?

Any help would be greatly appreciated.

zorak
 

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Originally posted by zorak
Quah...I'm ready to start this tomorrow, but am confused about
something. I've attached a screenshot of the Qcharts setup I'm
using. On the top is a 1min with a 34,2,34 stoch. On the bottom
is a 2min with 17,1,17 stoch.

In comparing the upper stoch with the one you posted earlier
today, the only difference seems to be right between the 9:30
and 9:45 area. Neither of the stochs I see dip below...but the
one you posted does. This is also evident in your trades for
today...you went short on the first 3 trades.

Do I have something set wrong? Why does my 1min stoch look
different from the one you posted, and what do I need to do
to fix it? Someone help!

Also, are you still using the 2min stoch?

Any help would be greatly appreciated.

zorak
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zorak - Check the "all sessions" box - that should make a big difference around the opening and for the first 17 or 34 bars or so. Yes, I'm using the 2 minute.
 
Originally posted by zorak
Quah...I'm ready to start this tomorrow, but am confused about
something. I've attached a screenshot of the Qcharts setup I'm
using. On the top is a 1min with a 34,2,34 stoch. On the bottom
is a 2min with 17,1,17 stoch.

In comparing the upper stoch with the one you posted earlier
today, the only difference seems to be right between the 9:30
and 9:45 area. Neither of the stochs I see dip below...but the
one you posted does. This is also evident in your trades for
today...you went short on the first 3 trades.

Do I have something set wrong? Why does my 1min stoch look
different from the one you posted, and what do I need to do
to fix it? Someone help!

Also, are you still using the 2min stoch?

Any help would be greatly appreciated.

zorak
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I thought Quah was using 34,1,34 on the two minute?
 
Originally posted by ctrader


I thought Quah was using 34,1,34 on the two minute?
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No 17,1,17 on two minute. Somewhat translates to 34,2,34 on a one minute.
 
Originally posted by ctrader
The ctrader version seems to not be as accurate as the Quahtrade method, there is probably a 50% chance of getting a stop and reverse. However on the stop and reverse, there is 80% chance of winning. This is what is keeping me a float.

Today 8 winners/5 losers. Up $90 so far on the day including commissions.
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ctrader, just wondered if you had tried only taking the stop and reverse trade?
 
Originally posted by Platypus


ctrader, just wondered if you had tried only taking the trades that stop and reverse?
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No I didn't. Interesting how often that idea comes up :D

50 pages back someone had the idea to make the SAR a system unto itself, and at the very beginning there was talk about doubling down on the SAR trade because of its high confidence. All very interesting points.
 
Originally posted by ctrader


at the very beginning there was talk about doubling down on the SAR trade because of its high confidence.
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I don't know that anybody's at the point where they can call it "high confidence".

--Db
 
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