brownsfan019

IMO it's good to at least reference the 20 EMA as that seems to be the EMA of choice - at least among the forums. Now, how you use it and implement can be a different story as you see in this thread. You can go with a 5min chart and 20 EMA, JMC posted charts w/ the 100 EMA on the 1min chart, entries/exits... you get the idea. Actually, I would say the entry technique is pretty straightforward, it's exits that can make or break any system. So IMO this thread has demonstrated a few ways to use an EMA and a few ways to enter, but exits are a different story. And exits continue to be what causes me the most frustration in my trading b/c you will never exit at the high or low w/ consistency. The strength of this thread is people posting recent/active charts w/ entry possibilities highlighted and then the exit is really up to the individual person as I don't believe the perfect exit exists. I also think the EMA ends up lining up with other retracement entry techniques - such as Fibonacci retracements. So if out there in the trading world we have the 20 EMA guys trading right were fib retracement guys are trading along w/ <insert your retracement tool of choice> and you could get a good heap of people all trading around the same spots.

One advantage to using the 1min on quick markets like oil is that when you are right, you will have an excellent entry point. I've always preferred to see what price does when it gets to the MA or area I'm watching, so I will wait and pay those extra ticks to see that price did stop at the MA. There's plenty of times I'd wish I had a limit order sitting there but when it cuts through like the MA is not there I'm thankful. And the 1min would for sure give you time to watch and still get in very early. And yes, oil can be a tremendous market to trade that's for sure. On a $ for $ basis, I don't think there's anything else out right now that can touch it. As for slippage and how many contracts you can trade, that's where oil can get tricky where something like ES you will never be trading too much.

JMC - nice posts and thanks for posting charts, visuals help a lot even if using a nasty background.

Are you a rep from Pristine? What's your relation so the board knows your motive.

Here's a 5min ES chart today with 20 EMA. Anything stand out? BTW - YM, NQ and RLM had their own trades as well. 4 indexes, 5min charts, not too bad I'd say. While they are indexes, the chart output can differ.

This post discusses a strategy of entering in anticipation of a 20EMA test. Takes some fortitude to be buying when it's coming against you in anticipation that the 20EMA traders will prop it back up - when works, you will get optimal entry points. Just have to be prepared for when price blows through the 20EMA.

I think it depends on a few things: 1) What timeframe(s) are you using? 2) How many markets can you watch w/o a problem? 3) How many trades per day do you want? If trading say the 5 min chart, you are going to have limited trades by default on 1 market. But you could easily watch 1-4 markets on the a 5 min chart I'd say, especially if you set alerts on your chart. On the flip side, if you are using a 1min or quick volume/tick chart, it could be hard to watch more than 1 or 2.

ZDO - in what has been posted here, I would say the entry options are: 1) Enter w/ a limit order @ EMA 2) Enter on the close of bar that gets back to EMA 3) Enter 1 tick above/below entry bar at the EMA Good and bad of each entry method obviously. #1 will be great when the trade does hold and produces entries for #2 and #3. #2 gives you some additional confirmation and #3 has you buying into strength and selling into weakness. Small stop on #1, average stop #2, and largest stop #3. There's a thread around here that I posted awhile back about entry methods I've looked at.

1 - looks good. 2 - depends how you define, it never touched the EMA if that's the black one on your chart. What instrument / timeframe are you using?

Ok Steve, we can let it go in this thread and we can discuss in another thread if you want to open a thread about your trading 'education' service.

Phoenix - I think the devils in the details. It's how you define what a pullback is. On your chart that was a bit choppy, were there clean pullbacks? I define a clean pullback as one where there is 'white space' on my chart. I want to see price push off the MA and then re-test it. I would not want price just resting on it. Yellow highlight is the push that I would be looking for - same premise as when this thread started in 2008. You might say, but --- we only had 1 really nice trade, 1 ok trade and 1 loser though! Well, that's trading in a nutshell. No method will be perfect every day, your goal is to find something that consistently puts money in your pocket.

The 20 EMA seems to be a popular tool. Since this thread was started, I've noticed it's use on a few forums. Feel free to get it going again w/ your screenshots! Best way to get people posting is w/ pictures.

I'm a big fan of music on during the day. I don't listen to the talking heads on TV since the internet can get you news info if you need it. I've been listening to this online radio feed for quite awhile now. They have a bunch of 'stations' you can pick from and you earn points for listening. I could care less about the points, I just like the options to choose from but why not get something back for listening.

Really? Seems interesting enough I may give it a try over a weekend. I am a deep sleeper and sometimes wake up very tired. Never heard of this before though - is there any more info on this I can read about?

TR - it will come down to VOLUME. Any broker will discount if you have the volume behind it. So will you get a discount from regular rates? I can't say since you did not say anything about the volume you trade. And you don't have to post here if you don't want, just be sure to call/email OEC directly and be prepared to give your average volume if you want to work a deal. Data and platform are still free to live accounts, which is a nice cost savings IMO.

Hey MM, very well put!!! I don't want this to turn into a vendor bashing thread, but that was an excellent post IMO.

Gotcha, I did not realize you are now in the trading education business. Seems to be the hot thing around here lately.

Steve - not sure what you mean by 'students', but confirmation boxes are training wheels and nice if you are not sure how to place a buy or sell order, other than that they just get in the way and can cost you or your students money. Not b/c they don't work (I tested mine briefly Fri and was fine) but hitting that extra confirmation when daytrading in these quick moving markets can ensure your losers fill and miss out on winners. But to your questions/issues, I have not been able to replicate them or had any outages in recent memory at all - other than my DNS needing changed.

Recently came across two bands that I think are pretty good, so sharing it w/ TL. REDLIGHT KING [ame=http://www.youtube.com/watch?v=lGt54Ozo8LQ]Redlight King - Old Man - YouTube[/ame] [ame=http://www.youtube.com/watch?v=-RUWMPd3QEg]Redlight King - City Life - YouTube[/ame] MUMFORD & SONS [ame=http://www.youtube.com/watch?v=lLJf9qJHR3E]Mumford and Sons - Little Lion Man - YouTube[/ame] [ame=http://www.youtube.com/watch?v=3KkUeRPjc-Y]Mumford & Sons - The Cave - YouTube[/ame]

Hey Thales, good to see you again too. Been busy here, these moves have been tremendous on the indexes, gotta focus.

Just wanted to say nice thread guys, nice to see blotters for a change too. Keep up the good work!

I have not had any outages in a very long time here. There is a possibility it was on your end. Usually when outages take place, ET will light up with complaints and I don't think I've seen any. And their outages are usually result in you being out for minutes or longer, not a few seconds. Steve, did the same problem arise when you tested the software out on demo first? Has this happened before? Do you need the confirmation pop-ups? If not, those can easily be turned off. I haven't used confirmation boxes in years. I'm surprised you would. If there's a connection issue, ask OEC support to walk you through testing your connections before you trade real $ on it. My ISP awhile back had connection issues with OEC all of a sudden and once we diagnosed that, I changed the DNS in my router and it's been running perfectly since then. In that instance, it was in fact on my side with my ISP.

Knock on wood, OEC has been running like a champ. I cannot recall the last outage thankfully. And the most recent upgrade really did a lot to their EL editor.

Usually OEC's upgrades have some minor changes, but this last one was a big one if you missed it here. OEC now makes it easier than ever to develop custom indicators or convert code from other systems, tweak, optimize and create your own custom indicators. Dynamic features like intellisense, language translation, member lists and easy access to parameters make moving and extending your existing indicator code quick and easy. Here is a list of editing features: • New, fully-featured code editing window comparable to the leading • market IDEs (Visual Studio, etc.) • Intellisense • Member list, quick info, parameter info • Complete word from member list • Bookmarks • Split view • Convert spaces to tabs and tabs to spaces, tabify and untabify selected lines And Many More Standard Features Including… Enhanced Search/Replace, Line modifications marks (automatically), Line numbering (property of a view. Also automatically), Line operations: delete line, duplicate line, delete blank lines, Outlining with Syntax-Highlighted tool tips when hovering over collapsed outlining nodes, Indent, outdent, Transpose words, lines and characters, Capitalize, Lowercase, Uppercase, toggle case, Comment/Uncomment selection,Standard copy, cut, paste, Undo/Redo. Have EasyLanguage indicators but don't want to write any code? • Use our Auto X bridge to TradeStation® - Execute TradeStation® signals through OEC Trader with a simple plugin. • Use the EasyLanguage compatible MutliCharts with OEC - MultiCharts is professional object-oriented charting software for futures, stocks and forex trading that empowers you to import and customize any existing TradeStation® EasyLanguage® studies. • Access our Forum to help with your coding questions

cw - I'm not a fan of trading from the chart, so not sure if that can be moved or not. Good question for here.