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sw9

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Posts posted by sw9

  2. Posted

    thank you Tam

    that is the coed i'm using, ill try to see if ts can help me,

    regards, binthere

     

     

    Hi,

     

    Tradestation wont help you with a custom indicator. The indicator did not work for me either.

     

    What you might want to try is the "Volume Ratio" indcator in TS, it will give you the same info. but on a line instead. A very underated indicator in my opinion.

     

    Steve

  3. Posted

    Hi Steve,

     

    I see no higher TF support there at 1.6666 area. If you are referring to the high made in late OCT, keep in mind it did blow through that zone 5 times since this time it 'working'....

     

     

     

    Yea, my actual S line is at 1.6660, and although it has traded through a couple times over the past week, it has still served as S and R many times, at least while looking at the TF in discussion.

     

    Steve

  4. Posted

    Let's see if we can determine the source of the struggle and frustration. Let me ask you (and this is for MidK, Forrest, and anyone else who cares to answer) what do you think of the long GBPUSD trade I posted this morning? Forget about the fact that it was a winning trade. If you were watching, did you see it as I did? Would you have taken it if you had seen it? Why or why not?

     

    Best Wishes,

     

    Thales

     

    EDIT: PS In other words, do not focus on what happened after the trade triggered. Let's focus on what happened before the trade up to the moment of decision.

     

     

     

     

     

    Yes I would have taken the trade:

     

    Price just bounced off higher time frame support near 1.6666

     

    Formed a higher low in the direction of the trend.

     

    Next larger time frame resistance near 1.6740

     

     

    Steve

  5. Posted

    I'd be curious to hear what others think about the comparison before I answer. Would any one else have any comments comparing the current GBPJPY to the EURUSD in my post?

     

     

     

    There is no lower high in your EUR post, also there is a clean shot at the target with no basing in the way.

     

    Steve

  6. Posted

    Thank you for your input and I think that even if we ask a specific person a question, others could and should chip in just to see different points of view.

     

    Gabe

     

     

     

     

    Also, price had not pulled back or tested the low sufficiantly for a significant run.

     

    Steve

  7. Posted

    Tams,

     

    The update above verified ok but no numbers on the chart. Played with the settings and imputs, still nothing. Any ideas?

     

    Thanks, Steve

     

     

     

    Has anybody with TS got this indicator to work?

  12. Posted

    Trading is fractal. Anything that "works" works on all timeframes and all efficient markets.

     

     

     

    Simplicity is a hard sell.

     

     

    Opportunity in all markets and time frames is derived from the order flow.

     

    There are only two entry setups to enter that order flow, a breakout or a pullback.

     

    Ect.

  13. Posted

    Can I please just ask a quick question.

     

    Is Al Brooks' book applicable to trading forex? Can his 5m chart techniques also be applied to 60m forex charts for example? Does he mention forex at all?

     

    Thanks.

     

     

     

    Welcome to Reality,

     

     

    Yes, the Price action only approuch works on all markets and all time frames.

     

    Why? because all markets are based on Price action.

     

    Anyhing past this point is optional and will add complexity and illusion.

     

    Steve

  17. Posted

    I know very little about programnning but can tell you that the Volume Splitter by EOT works as well on TS as it does on Ninja.

     

     

    I have done research in the past on bid/ask type indicators and allmost all providers admited to me they did not work as well with tradestaion as they did with Ninja, esignal, ect.

     

    Market Delta does not even offer a tradestaion version for this reason.

     

    Steve

  20. Posted · Edited by sw9

    Yes Steve, it is something you need to look out for and be aware of.

     

    Whilst low volumes are essential for test bars in the underlying cash index (showing a lack of supply), futures markets can create similar test bars on higher volume (because traders pile into the future on sight of the cash index test bar), so this is not necessarily a negative indicator. - THE WELSH WIZARD (Aug 2007).

     

     

    Tawe

     

     

     

     

    So you really never know in the moment if it is a failed test or not, your basically buying a pullback and taking your chances?

     

     

    Thanks, Steve

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