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trader273
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Posts posted by trader273
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What about my EOD trading where I don't read price nor the tape? Are you saying that I am doing it wrong, since I am not doing it like you?To be frank, your advise is a useful as saying all you need to know to make money is to buy low/sell high and short high/cover low.
You might as well as pack it up then. Obviously there is only one way, and this guy has come across it. How wonderful for him to share with us.
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I always find it funny when people go back and forth of indicators vs no indicators. There are a million ways to make money in the market, and to think there is one way is a joke.
MODERATOR:
Please change the title of this thread to something like, "One way to scalp the Emini's"
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I have coded in thinkscript and also in stockfetcher, I can learn pretty quick though.The reason I ask is that I taught myself EL when I used to use tradestation. Thats one of the good things about TS is the online community. Don't expect OEC's compiler to help you too much. If there is an error it will tell you, but not too much. You'll have to learn the format and all the little things that might not make it work.
You might want to look around on google, there are a couple on-line reference books that would help. I'm not entirely sure if OEC can do everything that TS can do. For what I need it for, it works perfectly. Not sure how complicated or complex your ideas are.
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Good to hear, I will have to figure it all out... do you happen to know if there is a way to access the bid and ask prices in EZ? I tried to in the Rapid Indicator but it would not compile...How about trend lines and vertical histograms,,, is it possible on OEC ez?
Thx
Have you ever programmed in EL before now?
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Now it's off to learn that wacky easylanguage.....
Using EL in OEC is relatively easy. At least a lot easier than doing it in C#. You can do most stuff using OEC's EL compiler. Depending on what you want it to do, OEC is pretty slick for programming in EL.
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Wait? You guys got this too? Man, i thought i was going to be millioniare:doh:
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I record them as a separate category. Basically, a Loss, Break-even and Win. The BE trades are not full winners so I dont feel they should be counted as such, as well as they are not full losers either. If keeping track in excel, its pretty easy to set something up like that.
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I really HATE how OEC's DOM works. It's fine if you just use limit order. If you use stop order, chance are you left click on on price and your order were executed. The reason is left click is set to limit order regardless where you click on the DOM. What in the world are their developers thinking? Why would anyone want to place a buy limit order about market price (sell limit below market for short)? That's a market order. If I want a market order, I would just click on buy/sell market.I hope in the short future they will fix it. I have used few other DOMs and OEC is the only one action this way.
That's funny, I love how OEC DOM's work. If you want to use a limit Left Click, Right click for stop. Not really understanding what is so bad about this. If i remember correctly, trying to do a stop-limit in ninja required to push the scroll button, not exactly easy. Not to be so critical, but is it really that hard to distinguish left from right?
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I've just now got my account funded and ready to go. However, I see that the ES contract is non-shortable. I had no clue this ban applied to futures. I talked to one of my broker's representatives on the phone and this guy was truly clueless but said it was indeed non-shortable. I don't exactly trust his judgment so is this true or is he full of it?Who is your broker? Doesn't matter. Close your account. Find a new broker.
The SEC has nothing to do with futures. You can short the hell out the ES if you so chose. What a joke your broker is.
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Have you ever thought of just building one yourself? There is plenty of info out there that can show you how. That way you can get everything that you want/need and not have to rely on some other company.
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i agree with CandleWhisperer . thanks for the post.Dont really understand what that shitty looking website has anything to do with the discussion here.
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What are you guys talking about?? I can make millions of dollars trading this system for sure!! All that it cost me is $320. :helloooo:
C'mon people. Common sense should prevail here. Also, looking at the charts, all they show are range days. Good luck on trend days, of course they dont show those. There is no magic indicator, paintbar, showme, etc. If there is, its sure as hell not going to be for sale, and if it was not for $320.
Save yourself some time, money, and grief.
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Hasnt been much action in this thread, so here's my take.
*At the time of this post there was still about 45 min in the pit trading hours for oil. I made the assumption that not much would change.
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What I envisioned was a paintbar that was userdefined for a MA Crossover. That could be used to define the trend. It would paint the uptrend one color and the the down trend another.Now thats pretty good.
Then something using the bollinger bands and the keltner challege crossing to define the trendless market. That would paint the bars a third color.That's way too vague for anyone to help you.
Have you tried to write any of this yourself? When I used TS/MC I pretty much taught myself. Once you find some examples, its actually pretty easy. Why dont you start with that, and then post the code you come up with, so people can help you. There are a lot of post on the TS forums where you could find some similar things of what you want to do.
This site is very helpful, but to ask someone to just do the whole thing for free is a little far fetched. Give it a try yourself, experiment. I think you will be amazed how much you can really accomplish yourself using EL.
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Why don't you post your actually rules for trend and actual rules for chop. That way someone can actually help you.
...As far as how to plot it mathematically I was trying things like a MA crossover for the trend and Bollinger Bands and Keltner Channels to determine "No" trend" like in the squeeze indicator, or 3-SMA of the Pivot and a 5-SMA of the close. Like I mentioned above I was never able to get anything to work and I thought one of the "smarter" people who review this site might have this figured it out already. Thanks for your interest Sevensa...That wont cut it. You are asking for the code, not for help on the code. Not sure really what you expected here? Just for someone to hand you a file???
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Here is another way to view pullbacks as well.
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Sorry zdo. I don't know what your problem is.C'mon Abe, you can do it, at least take a guess. I'll go ahead and guess too. My guess is that zdo didnt take his meds today. That's the best I can do. I'm sure you could do better. I mean, it's not like zdo is being completely ambiguous here or anything. I hope you didn't party to much at school, i think zdo needs your help. :beer:
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thats why I said CBOT... last year... All the YM traders got stuck short and the CME pit pushed the markets 200 points against them.You can hedge the ym using the nq, er2, or es.
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Group of traders that go around a hunt stops? The pros/pit isn't out to get me? Really? They certainly aren't my friend in a trade. They will purposely try and screw retail tradrs out of money.
If you know this, then use it to your advantage. If they are purposely screwing the retail traders then take the opposite side, use your amazing and spectacular knowledge to your advantage.
I guess since you like 4x so much, there are no pro's there to screw you either.
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Been around for years guys... but thanks for your concerns. Maybe its just because i'm not dumb enough to trade in front of news events so I don't experience that "manipulation". But news events aren't exactly manipulation IMHO and anyone stupid enough to get caught in that situation deserves to lose their money.Its beginning to feel a lot like ET in here... :crap:
It's not just trading in front of news. There are many other ways forex is way more manipulated than futures:
- Giant random spikes to take out stops
- If a trader is too profitable, execution slows down
- Unable to withdraw money if account is up
- Absolutely no regulation
- Trading against the broker, who controls the quotes
I really dont know how you actually believe futures are more manipulated than forex. The CME and your broker are just facilitators of trade, while you are literally trading against the broker in forex, who just happens to control the quotes. That doesn't seem like its on the up and up to me. I have never heard of one trader say that they cant get executed on globex because they are too profitable.
And to think, that there are a group or traders that just go around hunting stops is laughable. Now price might seem that its gets attracted to your stops and then reverses, but it's ludicrous to think the pros/pits traders are out to get you. Its the function of where you are putting your stops. If you put them in obvious areas, well, then how can you say they are stop hunting? Even if they are, there are still many more ways forex is rigged against the retail trader.
- Giant random spikes to take out stops
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Thus the reasoning for looking at an individual candle first. Then placing it into the greater context of the puzzle.You got it backwards there. You look at the overall picture first, THEN a candle pattern to support your idea. You dont look at candle patterns and then try to get the bigger picture to fit those ideas. That's why candles are secondary, not primary.
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Thats your opinion... sorry we don't agree.I just see A LOT less blatant stop runs and headfakes in the currency markets than I do trading the ES, NQ, and ER2.
Is it still there? Of Course... but I feel its on a lesser level.
Reading a post like this, one can only assume that you are a new trader. If you feel that your stops are getting run, you are simply not seeing market action correctly. I have never seen a post on any forum where a person is suggestion that the CME is delaying their quotes, changing prices after the fact, and not allowing a winning trader to withdraw money.
Anyways... It doesnt matter how you view the bars, be it 1 hour, 5 min, or 10,000 volume. Candle patterns are SECONDARY. The primary system should be a way to define support and resistance levels. There are a million ways to do this, be it, market profile, horizontal sr, pivots, bollinger bands, etc.
It is really easy to look at a chart and say, oh there's a doji at the bottom of a downtrend, I would have gone long. But one doesn't know it was the bottom of the downtrend till well after the trade.
Ive said it million times before, and Ill say it again: Candle Patterns, by themselves, will make you go broke.
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Then the mod should change the thread title then. This is anything but candles in context. It should be named, candles: one by one, or Micro-view using candlesticks. I dont want a newbie coming here and then getting focused on each candlestick, because they think thats what candles in context are, when in reality whats being talked about here is the complete opposite.
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What I would like to get too is analyzing each candle and then taking a grouping of the individual candles to collectively see the bigger picture.
What you are talking about is blending of candles. If you want to see four hourly candles together, open a four hour chart.
So as an example say we just take 10 candles to start. We analyze the 10 candles 1-by-1, then at the end of analyzing all 10 candles individually- what do they tell us collectively?
Aaron
Well, have fun with that. I think you are making this much harder than it needs to be. Bullish candles in a downtrend do not really mean that much if its not at an area of support. Now some might work, but if you get caught in a trend, good luck.
I don't see what benefit would come about from analyzing every candle. If you have read any candle book, one of the first things they talk about is using candles in the overall technical picture. What you are doing is zooming in dramatically on each and every candle and ignoring the big picture.
Open E-Cry Demo Issues... Does This Happen on the Live Platform?
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Have not ever used the paintbar for anything, so I cant really comment on that. I do know you can do it through OEC's indicator wizard.
As for show me's, just make it as a regular indicator and when you plot it on your chart just make it a "point", and then select the appropriate style and width.