[jjthetrader]

Originally Posted by pipper »

JJ
I just realized that you meant a backtest in TS. I don't know much @ that or how to do it at all. sorry

AG

Yes, I was just wondering if you had an automated strategy in TS which was backtested.
When you exit on the low/high of the 3rd bar, how do you know it's the low/high of that bar or do you have a target of 4 ticks or something?

[jjthetrader]

Originally Posted by pipper »

Hey Guys
I am new to the forum and relatively new to trading. I read this thread @ the indicator and was interested because I use a simple system of moving averages to trade the ym with. I use a 5 ema on close. a 6 ema on open. I simply wait for a cross and buy/sell on a pullback to the 5 ema.I have been very interested in the VSA and these VWAP and have been playing with tick delta lately as well. I love the website and great effort everyone puts in to it.

AG

I like it. I've just gone back and looked at it on a 512 tick. What I'd like to see is some background weakness/strength come in using VSA and then narrow my entry and direction down with this.
I personally like scalping, quick and dirty.

What do you do if the second bar doesn't come up to touch the 5ema? Not take the trade and wait for the next setup?

cheers

[BlowFish]

i think thats accounted for by the rules I proposed MA up close down so white

"As you can see in the attached pic, point A should be "green" (mine are blue) because it's the 2nd close above the MA. But it closes below the previous bar which keeps the diamonds white. Then point B closes level to A which also keeps it white. If that would have closed up it would have been green.
Then we see Point C is white as well because it closes below the MA after a close above it. But then look at the next bar. It's wide range up and goes straight to green (blue in my case) because of my MA envelope theory."

[pipper]

jj
there are lots of good trades in the morning to worry @ missing one is silly. Just get ready to enter the next one. and it depends on what time frame you are trading... on the 512 tick you could market at close of signal bar using a tick counter and still get 5 points. on a large time frame you can anticipate the xup or x down. on the fast time frame like the 144 u need the limit order to guarantee the the 4 points that that chart will pay 9 times out of 10. it works best in a fast moving market! try it a minute or so after a report... you will be filled and out in 2 seconds. TS wont even show trading at your fill and you are inanddone. I personally cut 3/4 of a position out at the 4 ticks. on the 144 tick I try to go 1 tick below where the 5 ema would be. if the trade is stalling at half way through the 3rd bar I will exit market. usually if you don't get the target, the market is going to go the other way.
this is where the tape reading could really help I think. Soultrader seems to have that beat. you could prob get better entries off tape. I just ordered a couple of books recommended here on the website. mind over markets and wyckoff for tape reading.
When I started playing the 512 tick... there was a lot less entries but larger stops? the location of the stop is also set by looking at past history of x overs.
Anthony

[Blu-Ray]

Originally Posted by jjthetrader »

Blu-Ray, I'm just trying to make your life difficult. But here's another condition for you that will explain some of the white diamond action.
As you can see in the attached pic, point A should be "green" (mine are blue) because it's the 2nd close above the MA. But it closes below the previous bar which keeps the diamonds white. Then point B closes level to A which also keeps it white. If that would have closed up it would have been green.
Then we see Point C is white as well because it closes below the MA after a close above it. But then look at the next bar. It's wide range up and goes straight to green (blue in my case) because of my MA envelope theory.

So did I ruin your weekend thinking about programming this? lol

Hehe, thanks JJ, yes my mind never switches when trying to solve a code.

With regards to the chart you posted, Blowfish has replied a few posts ago about this and that was the way I coded the revised version of it. For example using your chart posted,

Point A = close is above MA, however MA is lower the MA of 1 bar ago.
Point B = same as point A
Point C = MA is greater than MA of 1 bar ago , however close is lower than MA.

If you get a chance, could you post some more charts, but could you state the timeframe and also the session start time ( Just so I can get an exact match )

Cheers

Blu-Ray

[Blu-Ray]

Originally Posted by walterw »

Blu-Ray: My question : once the bar closed, the diamonds will not change color ? no repainting ? nice job Blu-Ray ( as usual )... cheers Walter.

Thanks Walter, Yes once the bar has closed there is no repainting, the diamond / cross will stay the same color.

Cheers

Blu-Ray

[jjthetrader]

Originally Posted by Blu-Ray »

If you get a chance, could you post some more charts, but could you state the timeframe and also the session start time ( Just so I can get an exact match )

Cheers

Blu-Ray

I'm just seeing this thread now. I didn't get an email saying there was a response. Hmmm.

Here's some more charts. I put up a few daily well know charts to make it easy on you followed by a 2min ES chart from today. I'm Eastern Standard Time. Session starts at 9:30 for me.

[jjthetrader]

Through Trial and error I reproduced the Relative Volume Bands from TGuider if anyone is interested. I'll post a screenshot.
The only thing I don't know how to do and don't even know if it can be done is that as volume is increasing, the average lines will get thicker thus increasing the range that would be considered average.
You'll have to tell me if it can be done Blu-Ray. As is though it is a very good representation.