Something very simplistic

[zorak]

Originally posted by inandlong
Looking then at Zoraks trade for the NQ he should not have suffered a double-whammy, he should have had a B/E even with the difference in entry points.

Or am I wrong there too?

I'm looking at the sterling-r04 feed on Qcharts. Going
long at 874.50 at 9:43, stopped out at 9:50. The stop
on the reverse was at 874.50, which was the exact
high during 9:54 - 9:55. Then it proceeded to tank, of course.

I've been wondering if perhaps I should do the stops
differently...this is very common, my hitting the high or low
of a timeframe, the bad way. Maybe it would be better to
not set the stop, and just watch it...if it trades at 1 tick
above the stop, enter a limit order at that point, at the stop.

zorak

 

[inandlong]

Hey Faster!

I have not placed live trades with it yet. I have used it with the demo and everything seems to work well. I have also placed live away from the market orders with it and cancelled them to be sure that works well. It does. It seems very responsive. All the data comes in fine.

This method is so automate-able it could easily be done with Tradestation EasyLanguage and set in motion - monitored motion of course, but still such that the orders could be sent without approval.

For me, I am making sure I have the keystrokes down pat before I jump in and get confused.

One caveat... I should let you guys know the day I start so you can trade the other contract. That way you will be guranteed a winning day in your contract and spared the losing day in mine.
You know how it seems to go!



Btw, White, Wheat, or Sourdough?

 

[inandlong]

Zorak you are right, I am a pencil-necked lounge lizard.

Does everyone else have 875 as the open of that 943 bar?

Edit: I just went back and looked at time and sales. The las trade at 9:42:59 was 875 a 3 lot.

The first trade at 9:43:00 was at 874.50 - a 5 lot!

I'm going to call the CME and see what that first trade was.

 

[dbphoenix]

Originally posted by tah
Quah,

I am trying to match your results using Tradestation 2000i's 2 min stoch with your settings and I am getting very different signals sometimes. I recall dbphoenix saying that he had the same problem:

"You may have something there. I get very different results than Quah for some reason. I'm still studying various sto parms on both 1m and 2m charts, but I don't get what Quah gets.

--Db"

This is no longer a problem for me, for the most part, so add a big "never mind" to what you quoted.

--Db

 

[inandlong]

Wellllllllll!!!! This is not good if I can't trust Qcharts T/S.

The Merc just reported to me at 0843 CT a 5 lot traded at 875!

Chumps! You know that is real money.

Maaaan, it's always something.

 

[dbphoenix]

Originally posted by zorak


I'm looking at the sterling-r04 feed on Qcharts. Going
long at 874.50 at 9:43, stopped out at 9:50. The stop
on the reverse was at 874.50, which was the exact
high during 9:54 - 9:55. Then it proceeded to tank, of course.

I've been wondering if perhaps I should do the stops
differently...this is very common, my hitting the high or low
of a timeframe, the bad way. Maybe it would be better to
not set the stop, and just watch it...if it trades at 1 tick
above the stop, enter a limit order at that point, at the stop.

zorak

First, don't obsess over the 0943 trade. It happens.

As for fiddling with stops, I've been doing so since the beginning and have come to the conclusion that Quah's stops are exactly right. But you may need to find this out for yourself. Nobody can tell me anything, and I'm not the only person like me.

As for not setting the stop, the first time you lose your connection right after your order is filled but before you can enter your stop will be the last time you don't set your stop. As for being stopped out, I've learned over time that when I'm legitimately stopped out, I should try to understand the message that the market is sending me. Sometimes it's just the breaks. More often, however, it's a signal of a trend reversal, even though that reversal may be worth only a few points. This system assumes that when you're stopped out, you should take the reverse on the assumption that this is indeed the message that's being sent. And sometimes there will be a double-whammy. But if you look over the trade record, there have been very few.

--Db

 

[zorak]

Originally posted by dbphoenix


As for not setting the stop, the first time you lose your connection right after your order is filled but before you can enter your stop will be the last time you don't set your stop. As for being stopped out, I've learned over time that when I'm legitimately stopped out, I should try to understand the message that the market is sending me. Sometimes it's just the breaks. More often, however, it's a signal of a trend reversal, even though that reversal may be worth only a few points. This system assumes that when you're stopped out, you should take the reverse on the assumption that this is indeed the message that's being sent. And sometimes there will be a double-whammy. But if you look over the trade record, there have been very few.

--Db

Attached is my results sheet to date. First winning day
today, whew. Still some entry errors, tho...twice I set the
exit .50 too far. I'm stunned that at least one of them
didn't fall just short of that mark and double-whammy on me.

As for stops...it seems like every time my stop is hit, it
turns out to be the high or low, and immediately rebounds.
I don't mind taking the loss, but I don't know that I necessarily
want to be first in line at my stop price.

zorak

 

[Eldredge]

Attached (I hope) is a screen shot of the first couple of hours of today's ES chart. This is using IB's feed with Medved Quotetracker. As you can see, it is a one minute with fast stochastics set at 34,34. Does this look about right?

PS
Thanks to those of you who helped me with the screen shot.

 

[Eldredge]

ES seemed to work, here is NQ.

 

[ctrader]

Originally posted by Eldredge
Attached (I hope) is a screen shot of the first couple of hours of today's ES chart. This is using IB's feed with Medved Quotetracker. As you can see, it is a one minute with fast stochastics set at 34,34. Does this look about right?

PS
Thanks to those of you who helped me with the screen shot.

Looks good... did you trade using this indicator?