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phantom
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Everything posted by phantom
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Now try EMAs on those settings and I think we'll be close?! Your sell signal is ballpark but the buy signal is off-kilter. Redraw with the new settings and let's have a look. Luv, Phantom
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Alright, you show-off (lol). Just goes to show that even someone who pays very little attention to the details (I'm speaking of me here) can make money in these markets. You are absolutely right on this point; they are EMAs. Now go and show me that you, too can make some money using this stuff. Luv, Phantom
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I use sma's. Also, I only take sell signals if both fast and slow lines are below the zero line; I only take buy signals if both lines are above the zero line. Less signals, better reliability. Luv, Phantom
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Actually, I only use simple moving averages in everything I do...
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What settings are you using for the macd? It doesn't look anything like mine...
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Highly volatile markets are prone to quick reversals and the ANTI setups are more of a "hit and run" trading method than the other stuff. Its a real bitch to wait forever for a market like CL to produce a solid setup only to follow through minimally, while I could have been surgically removing SHLOADS of money in the meantime... Its not uncommon to have several trades each day in the current CL environment. Luv, Phantom
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On point a: I really don't trade the smaller range breakouts, so I couldn't tell you a winning % On point b: since I only look for range breakouts in conjunction with longer term charts, and I really focus on tightly knit channels like 4-6 bar sideways channels off the 120 chart, my winning % is more like 67% in the euro and corn markets. NG is closer to 40%. CL is pretty new to me; I'm trading the ANTI more than the range breakouts in this market due to its proclivity for quick reversals.
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A little rum goes a long way... You are right. She does use a stoch. I use the fast line versus the slow line on the macd in the same manner that she uses the %k versus the %d. I like my way better... But that doesn't mean you have to... Do the research and see what works best for you... Think I'll go raid the liquor cabinet again... Bottoms up! Phantom
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I know for a fact that Raschke trades this setup on 5 min ES charts (I used to be a member in her trading room). Truly, this is such a robust method that you can trade it on 1 minute insect charts (lol). Anyway, I look at 20 tic range charts in CL, 20 tic range charts in ZN, 20 tic range charts in GC, 15 tic range charts in NG; the list could go on and on... I use my 5/13/13 macd instead of her 4/7/10 macd cuz I'm married to it... But I think that you need to tinker with it a bit so that you're comfortable with the entries... Look Pat, I really wasn't going to give this away to my readers. It's sooooo powerful in the hands of an experienced trader... I'll post a chart or two later, maybe, but I would really like you to roll up your sleeves and do some research on your own first (remember my previous comment on spoon feeding?) Raschke's book has another setup called "Holy Grail," but in my mind, this setup blows that one away, any day of the week. Get a little dirty, do some serious research. and soon you'll be making PHAT money too. Can I be any plainer than this? I'm SUCH a pushover... Luv, Phantom
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Which markets are you looking at? And how would you manage the trades once you would be in?
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On point #2: I don't have to wait for the BB extreme... I want ANY range along a market's path. Why wait for the extreme if a solid setup is right before your eyes? On point #5: stop is higher on a sell, lower on a buy This past week has been crazy, as you said. I have been KILLING IT in the CL, but I'm using a different approach than the one I outlined for you folks on this thread. I'm trading Linda Raschke's "ANTI" setups from the Street Smarts book. I've been trading this setup for many years and it's the BOMB. If you don't have the book...oh well...better get it b4 it becomes unavailable... Luv, Phantom
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The MACD filter is always an important consideration, but more important is the price action itself. In Cees example, the market broke slightly, only to retest the high. I would redraw the support line to include the lows established near the lower envelope of the Bollinger band, near the 1.4280 price level. A subsequent break of this level, followed by a failed test, would signal a sell in my book. Yes, I do in fact monitor a chosen few markets and await consolidations in those markets so that I can trade the signaled breakouts when they occur. Luv, Phantom
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So, I've given y'all a tried and true way of approaching the markets, I've even had a few PM's and emails touting success for those with the fortitude to watch and try... I've read all over the site that people are failing miserably at trading. I don't doubt that one bit. The 90% failure number remains intact even though the information has been made available on how to turn that around... What exactly are you folks looking for when you spend your time on a website such as this one? It cannot possibly be trading success... except for the limited few... If you have been following this thread and you are still a trading failure, ARE YOU EVEN PAPER TRADING THIS METHODOLOGY??? Or are you simply engaging in mental masturbation? I really don't know what else to say...
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I submit to you and others that there is very little that is "obvious" when it comes to trading the markets. Be careful how you throw that word around in your comments. Phantom
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You are right. They have expectation of increasing prices and they are hedging their bets with puts. Vice versa when the ratio is reversed. Luv, Phantom
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look who's talking!!!
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Major hint: the put/call ratio... More puts than calls: hedge funds are protecting long stock positions More calls than puts: hedge funds are protecting short stock positions That's all for now... Luv, Phantom
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I don't mind debate as long as the line of reasoning is somewhat logical. But when one makes blanket statements without any evidence to back them up, then one is simply arguing for argument's sake. I happen to know several successful pros who use Gann's methods in their trading and it involves much more than just the square of nine. I don't use the stuff because, and if you've followed my thread you'd know this already, I'm into simplicity. Anyway, no hard feelings. Luv, Phantom
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Whatever you say, MAC...
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I don't care if he was rolling dice... If he did pull 50 mil from the markets, I'd say that his methods were pretty darn effective. If you don't agree with that statement per se, there's not much else for us to discuss... Phantom
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It is said that Gann took $50M out of the markets...mostly in grains. Very esoteric techniques but certainly effective, wouldn't you agree? Phantom
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Its just something I coined awhile back because that's what it looked like to me... Luv, Phantom
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You're still reading my work, aren't you? Luv, Phantom
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I would have shorted a break of the bar 2 bars to the left of the #1 bar (ie the doji) or on a short of the #2 bar, had it occurred. I would only take a signal if the next bar broke the signal bar. Luv, Phantom
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That's "rat TAIL" candle. Any candle that has body and a tail extending from either end (looks sorta like a firecracker). Luv, Phantom