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IamJon

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Everything posted by IamJon

  1. IamJon
    amory, Your macd is showing the signal (fast) as a histogram and the smoothed (slow) as the line. Phantom's macd is showing the signal (fast) as a line, the smoothed (slow) as a line, and the difference between the signal and the smoothed as a histogram. The diff line is not important for this trading method. There are other MT4 macds available that will look more like Phantoms. I can point you to them if you would like. J.
  2. IamJon
    Phantom, Unless you are using a custom macd, the standard macd in ninjatrader does not have the selection for the moving average types so the fast, slow, and smooth, would all be EMAs. I do understand all of the other moving average you use are SMA. J.
  3. IamJon
    Pat, I believe they should all be exponential. J.
  4. IamJon
    P, I'll do my homework and figure out what works best for me. I am glad this thread is still alive. Enough kibble makes for a hearty meal. Enjoy the weekend. Thanks always, J.
  5. IamJon
    Phantom, I don't think I could ever thank you enough. The thing is Raschke uses a Stoch for the anti (at least in the book). How are you using the macd instead of stoch hooks? Thanks, J.
  6. IamJon
    Phantom, Your trade examples that are / would have been winners are vary helpful. I also think the more examples you show, the better. All trading methods are subject to a certain number of trades that just don't go as planned. The reward/risk ratio is what allows a positive expectancy to prevail. One thing that would also be helpful is if you could show us the anatomy / postmortem of a trade gone bad. Thanks always, J.
  7. IamJon
    Phil, Could you elaborate more on your entry and exit levels? Which markets (instruments) are your bread and butter? How do you decide on the chart time frame/# of ticks per bar? If you would rather I PM you, let me know. Thanks, J.
  8. IamJon
    Phantom, Glad to see were back on topic. Wouldn't the use of range bars obscure the volatility? J.
  9. IamJon
    M, Thanks for sharing all that you have in this thread. I hope that if any specific things come to mind that you feel you should have elaborated on (such as S&R) please feel free to post in this thread. I don't think those of us that have been following this thread and are truly interested in trading this way would be more confused by any additional information and nuances. I also hope you will continue to post some of your trades in your other thread that was intended to be used as a log of your trades. Thanks, J.
  10. IamJon
    Phantom, Keep up the generosity. Just consider that very few aspiring traders become successful. And of those that become successful, how many are willing to lend a helping hand to those that are not? I understand there have been some adversarial posts. I wonder how many of those posters are successful traders? How many of them have been willing to share publicly what works for them? (or for that matter, what doesn't work for them). Also remember that this forum is more than likely funded by advertisement. It is TL's job to get as many to view the threads (the ads) as possible. This may bring a disproportionate number of views compared to those who are truly following the thread. Unfortunately, all I can offer of value is a few probing questions. Let's get back to "What Really Works for Technical Traders" Thanks, J.
  11. IamJon
    M, it's up to us to ask questions and put it all together. I would find it very useful but, it's all in the thread and it is up to me to take the effort to read it. M, one of the things I don't believe you covered was how to handle support/resistance unless the recent rules to handle a choppy market is just that. You already have a thread to journal your trades. There just haven't been any posts there since the end of June. J
  12. IamJon
    M, Thanks for clearing that up. I was trying to read between the lines. Carry on. J
  13. IamJon
    M, Could you let us know what the missing text from Post #12 - Valid Signals Part 2 - Inside Formations is from step #3 in the image? Thanks, J
  14. IamJon
    P, The "doji test bar" is nor a very good doji. If I combine the "doji" with the candle prior to it, it makes a better doji. On the 60 min time frame there was clear rejection of the high. What else would have been clues to wait and take the short? Thanks, J
  15. IamJon
    From post #11 - Valid Signals Part 1 "Important to note here - we are talking about the first opposite signal after there has been a confirmed trend in the opposite direction. A confirmed trend to me is one where there was not just a 3+ bar formation, but the completion of an entry signal." So... B was the first the first completion of a short entry signal thus confirming the trend. C was first valid short entry after the trend confirmation. J.
  16. IamJon
    M., I believe you enter on the close of B based on my understanding of the rules. J.
  17. IamJon
    M, I have been wondering how we should deal with periods of consolidation. The rules of method as it stands indicates that we follow a long opportunity (if we trade it or not) with searching for a short setup. A good long trade may be followed with a short setup (to be taken), a long setup (to not be taken), or consolidation. Coming out of the consolidation we don't have a clue as to where the market will go next. The next short setup may be a fake out that is followed by a great long trade. Are we better served by... taking the short (this is the rule) and taking the "small" loss? If we take the short trade (and the loss) do we assume we are still looking for a short or is the nest trade "up for grabs" and we take the next setup, long or short? How do we re-synchronize ourselves with the market intent? I have looked at this method for a while this is the only area I am confused with. Thanks, J.
  18. IamJon
    M, Your trade is the same as I followed. I haven't found an indicator for ninjatrader to alert for the pattern so I may have to mod some other indicator to do this. Let me know if you know of one for ninja so I don't spend time if it's already out there. Ensign is pretty flexible when it comes to creating stuff like that with the DYO study feature. I also agree that if many of the good setups occur outside of the US session, you have to wait until the market is ready to give you a signal and be ready to act on it. Also, if the price gap is not a real gap from Friday close to Sunday open, let me know what fixes it. J.
  19. IamJon
    Maelstrom, I was in the trade last night. Sim account, not live. I missed the initial entry but got in at a better price. but kept the stop that would have been correct had I not missed the initial entry. This raises the question... How do you enter and manage trades when they could be triggered any time of the day? Once you are in a trade, how do you babysit it through the night? I believe I followed you rules for trade management using the extension of the formation as the trade progressed but I also used the Friday close down bar as the first bar of the formation. I will be looking forward to your play by play on this trade. J.
  20. IamJon
    Phil, Thanks for the reply. I will probably need a little hand holding for each situation but I will read what you have posted a couple of times and bring up some charts to see if I can apply what you have stated in your post. I need to learn to crawl first before I can stand up and fall down a few times. J.
  21. IamJon
    Phil, In the spirit of the title of this thread, would you be willing to explain your trading method (or at least your take on c&h patterns) in more detail? Thanks, J.
  22. IamJon
    Phantom, Thanks so much for your food for thought. I have looked over charts that are futures other than the stock indexes and see many good trade opportunities. This is great information. The other observation is that almost all of the trades I see that fit the method are range bound prior to a news release, followed by the large increase in range and movement (breakout) from the interpretation of the news. The fundamentals (or at least the psychology of the participants) drives the price action. Since the market velocity is rather high for this type of trade, I am wondering what type of order you typically use for your trade entry to get a good fill? It would also be great if you could expound more on your recent post on specific indicators,and how you use them to augment your trading style. Thanks, J.
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