I must say, the method is good so far. But it's so hard to execute in real trade! Is there a software to do this? It'll be great if the software can trade/SAR at the specified time. Just wondering, what are you guys using to trade? How do you enter the price and decide on the direction with such speed?
Something very simplistic
- Thread starter Quah
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Originally posted by Quah
zorak - My 10:04 entry was technically wrong - it should have been 865.00 as you said - but my chart was messed up and I was 2 bars early and didn't realize it.
Heh. Jeez! I don't seem to get any of the breaks!
Not that any of the entries matters much, but it would be
nice to mess up and have it result in something other than
a double loss.
Also, this morning the 9:33 NQ didn't conclude very quickly
again...the next one I got in was the 9:43. Hopefully this
afternoon will give another couple winners so I can
switch back to the ES's tomorrow.
zorak
Once upon a time, when I was trading stocks, I used QuoteTracker. I also tried using it when I started trading futures, but the feed from quote.com was terrible. I soon had to abandon it.
However, I got a note from IB stating that they were now supporting QuoteTracker, which means that the datafeed for the charts comes directly from IB which, if you're using IB to enter trades, cuts out one more middleman.
I've been using it for only a few days, but the feed is more accurate and far more stable than the one I was getting from quote.com. And no java problems.
--Db
I tried using QuoteTracker, but I couldn't figure out how to setup the stochastics indicator (again!). They have a fast stoch. with a %k and %d, and a slow stochastics with a %k %d and a slow %k.
I tried basically every combination of value, but I never got close to the right chart. If anyone can figure this out, please let me know. I don't need a $100 feed from esignal just to trade one or two symbols!
Originally posted by ctrader
I tried using QuoteTracker, but I couldn't figure out how to setup the stochastics indicator (again!). They have a fast stoch. with a %k and %d, and a slow stochastics with a %k %d and a slow %k.
ctrader,
Try using the setting 33,12,9 with the slow stochastic in QT. Pick your favorite time frame. Good luck.
Bruce
Use the fast sto. It's virtually identical to the picture I was getting at LiveCharts. And I should point out that the pictures one gets from various charting programs are going to be slightly different from each other because they all calculate these indicators differently, even though they claim to use the commonly-accepted formulas.
Therefore, use something that is a close approximation to some sort of benchmark, such as one of Quah's charts, then fiddle with it until you get as close a match as possible. Then just get used to working with it and adapting to its peculiarties.
For example, I've learned that it doesn't pay to guess direction when the two sto lines are nearly identical at the time I'm supposed to enter. Rather than guess, I'd prefer to wait until the next bar, or at least take a cue from the 1m. Tweaking the settings is only a temporary solution as the situation will re-occur at some point in the future (in fact, I've been surprised at how often this situation does come up considering how few bars are traded during the day).
--Db
Well, there you are. One guy says use the slow and one says use the fast.
Find a good chart from Quah and just play with the settings. QT does have its faults (such as not carrying over data from one day to the next), but it's free, and if you're not scalping for fractions of a point, is perfectly adequate.
--Db
Find a good chart from Quah and just play with the settings. QT does have its faults (such as not carrying over data from one day to the next), but it's free, and if you're not scalping for fractions of a point, is perfectly adequate.
--Db
I have been using QouteTracker with the IB feed. I am using Fast Stochastichs with a setting of 34,34 on a one minute chart. Can anyone comment on whether this is the closest to Quah's charts or not? Thanks in advance.
PS
Quah you have been doing a great job here, and I appreciate your willingness to share your successful technique. Keep up the good work, and good luck.
PS
Quah you have been doing a great job here, and I appreciate your willingness to share your successful technique. Keep up the good work, and good luck.
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