FFTrader

I stand corrected. I paid $129.00 ... free shipping.

I have Mark Douglas's Trading in the Zone book AND this Trading Mind CD. Just like OzAsh, I use this CD everyday before turning on the trading platforms and it has been working ... in a sense that Mark Douglas book was helpful but one cannot expect to remember AND also apply the principles when you are in a trade. This Trading Mind Software will help strengthen the mind and your internal conscience when you need it. Each topic is probably 8-10 minutes ... so one can use it whenever they feel they need something. I paid $39.95 recently for it so it is less that 1 point on the ES ...

Thanks. The chart that was included in the original question as mentioned suggests a 15 points stop for that trade to actually work in the direction it fired - with the TTM prescribed method of dots changed color, right? That would suggest a larger stop discussed above for most day traders, agreed? As the TTM people do have other indicators, for non-members like me, it should be obvious that the 3 items listed originally as to which one to use is the question. Recall that in my clarification I do not use the dot color change criteria but use something else (my 3 other indicators) to fire off a trade ... and it works. Remember? Just looking to improve on my stuff and trying to be align with the origins of the TTM. Thanks for the well wishes.

Sevensa, I have my set up working even in these volatile markets in recent days. The BB_Squeeze have actually added to my arsenal and it has help with identifying a trend - or chopping - over and above the 3 other indicators I use. Please correct me but I do not think any one method would guarantee 100% success. There is no holy crail - what do you mean by "profitable" anyway? It is just what I do and not implying it is any better or worst than others. The above set up was just clarifing what I was asking and I was glad to share more when you asked. One can always paper trade it first with different settings and chart sizes (e.g. the TTM people like to use the 512 ticks chart but I do not)? I would encourage you to put the set up on your platform and paper trade it first to see if it fits your style of thinking. What are you looking for in this indicator anyway? It seems like you are asking questions looking for confirmation on a methodology.

Stop is between 1.50 points to 3 points on the ES and have not figure the profit taking part yet ... but the TTM people have a system that seems to work with 3 contracts. I said that? Well, this current method has been profitable through back testing but like I said, I look at other stuff kind of keep myself in check and I have to work my discipline, etc.

If you look at that chart (for the ES futures) I put up earlier, the signal only fired once - for a sell - on 9/17. In order for that sell to work, the stop lost have to be above 1,200 or so. If one had entered soon after the signal fired, it would mean like a 15 points stop approximately. That was my main reason for asking which of the three criteria to use. As a daytrader, sometimes the day's range is less than 15 points ... it is only because of the recent volatility in the market that we get 60 points ranges. This is besides the fact that for a 1 contract and 1 trade, you need to risk $750 on that same contract to make it work. Thought it would be steep for most day traders with 15 points stop? I have since gone away from a scalping mode ... but will take whatever the market may give me. Usually I am "forced" into scalping when I go counter trend or if the market is not moving in my direction. Probably do not need to start a new thread ... here is what I use to enter a trade in collaboration with this indicator - I have 2 charts of the following to help me enter a trade: 1. The two charts are 987 ticks and 144 ticks - the larger chart is to identify a trend - it just have the BB_Squeeze indicator. 2. On the smaller chart, I have this BB_Squeeze plus a Slow Stochastic, a DMI, and a MACD. 3. I want to be with the trend - higher high / higher low - for an uptrend - on the chart itself and at least the larger chart's BB_Squeeze dots are in green that is / alert is on. 4. If I get the trend per the above, the smaller chart's Slow Stoc, DMI, and MACD all have to fire in the same direction ... and on the both charts the BB_Squeeze histogram color and size should / may be starting to move in the same direction. Step 4 above is in fact does not have to have the dots change color - so that is not exactly how the TTM people are using it? These days, I am working on my discipline to follow the above rules ... but I am not implying here that the BB_Squeeze alone does not work ... therefore, I asked what is the best way to use it per the above reason. The way I use it above seems to work with volume and tick chart somewhat ... have not use it with time based charts. I use the usual moving averages, market profile, market internals indexes, etc. on other screens to myself in check. Give it a try and back test it and see if it helps! And if it has to do with this indicator and how to use it, I am sure this thread should stay here.

Hi Sevensa, Appreciate your comments. If I think I can help someone here in the forum, I would do so in a manner that I deemed helpful. After all, that is why we have forums like this one, right? I thought I would feel great if I can be of some service to others, would you? What I can assure you is that the use of one indicator is not a complete system as far as I can tell ... and in fact my answer to your question of "looking for a complete system" is most certainly a no. May be you want to clarify your question(s) a little more as you sounded like you know quite a bit about me and how I am using the indicator ... and knows more about me than myself?

... I get their free video everyday so how to use it is not an issue as per TTM ... hoping for a more detail explanation and identifying under which circumstance is best to use which criteria ... together with proper stop placement. In some cases, the stops are rather large / not sure where to actually enter a squeeze trade.

GetMoney, I was with them briefly and decided that I cannot ... at that point, I had zero experience in trading and thought their secrets were secrets. :doh: However, after opening a tradestation account and doing more research, things are more real. Nonetheless appreciates the sharing the truth.

Loaded this ELD and was wondering if it was to trade: 1. the zero crossings, or 2. the change in color of the histograms, or 3. the dots change color. I have it on the 50,000 shares chart with 18 is the Length, nk is 1.5, and nBB is 2.5

alleyb, I am a day trader and I trade the ES futures contract only (per CME/GLOBEX). Currently I am scalping with real money and experimenting with hold a trade with paper money. I look at previous support/resistance and Value Area mostly but also try to collaborate with Fibonacci numbers, moving averages, candle patterns, momentum and swing indicators, etc. My risk management is 2.25 points max and 1.50 points min and if I have two loosing trades in a day I quit immediately. I do not know how long I should stay in a trade but this OTF question will help me in that regards. Thanks.

I did not see the thread brownsfan019 ... but if you or anyone else have a chart or something that shows the pattern, it will be a great help.

Reaver, Thanks for the replies. Would you have a chart pattern and/or decision process to actually trade this? Thanks in advance.

Thanks Reaver. Let me see if I can change the language a little. I think what I am trying to get at is the following: "Once I am already in a trade and hopefully at the end of a balancing market period, how should I stay with a trade using the one time framing concept?" That is, I do not know what is one time framing (lost my notes, etc.) and I am fairly new to trading (but loving it). However, I do know enough about Value Area, breakouts, trends, taking profits when in a good trade, etc. Thanks.

Hi all, Thanks for the replies. I guess in further details, I would like to know: 1. How is OTF being used in trading ES S&P e-mini futures - AFTER one has decided or seen that there is a trend. 2. I understood it that we need to apply it as a trend following concept once we are in a trade? 3. How or when should we initiate an OTF type trade with lower risk? Thanks.

Does anyone know a good explanation of the One Time Framing concept and how to use it with the Value Area? Lost my notes ... so any help is appreciated. Thanks!

Mark/NihabaAshi, I am also very new to trading - just learned what is really a stop order looks like back in November 2006. Currently I am paper trading and I was green for the past week from Wednesday. My real money accounts are just above b/e. I trade mostly S&P e-Mini contracts. I have no problems at all seeing what went wrong with the bad trades and can usually know it before I pull the trigger. I am a very technical person and have found some success in understanding my current mentor who presents a technical system. To give you an example, on Feb 27 and during the crash, I was shorting the market even when it first hit 1412.00 (front month ES). He is about 3 hours by airplane from where I am. I won't comment on how many of the attributes you mentioned above actually fits my mentor but I have to say that it is definitely more than half. Nonetheless, can you recommend one or two names that fit the above (mostly) profile that you described? It would help me further my studies. The other question I have is based on the snap shot above, where do you think I am in terms of maturity?:o