Hi thanks A for all the trading tips. Before I saw this thread I seriously doubted that one could extract profits reliably from the market daytrading. I am at least past that now and I am going to give this method a try. First I am a newbie trader. (Six months of regular trading experience). Trading twice per week. I have about a 40% win ratio trading mostly earnings using bill oneil's canslim with van karp's position sizing as a guide. I was up about 25% but I am now about 14 %. I gave up most of my earnings by not executing effective stops. Position sizing remedied this. Note: I haven't used any margin since this was basically a learning experience for me. Ok ...now for the questions: 1) I noticed most of you seem to be using trader workstation from IB am I correct 2) Any opinions about MB trading 3) Noticed most entry points are within 10-15 minutes. I know that you are looking for 2xhl and hh for entry in long or visa versa for short. What time frame does the order take to commit. For example... your criterion has been met, I assume your order is already queued but not committed? The next tick and you are in? My trading style has, to this point been closer to swings than anything else so I just want to understand the timeframe. This is more of a mechanics question than anything else. 4) I want to do the sim for three months but I didn't get a grasp of trading until I committed real money so I will probably do the sim for 2.5 months and start transitioning to a small margin account for the latter. 5) What broker are you using for simulation software. 6) Seems forex is the flavor of the month. Anyone trading forex with this method. I noticed that AHG had one post in the thread where he mentioned this but anyone else in the thread using forex? Any reason why or any reason not to. Thanks for any reply and sorry for the newbie questions
The indicator is called Price_action I found it somewhere on the Tradestation support forum. You should be able to find it there. If you have any trouble finding it let me know and I can copy mine, but you should get it from the guy who wrote it and posted it on the Tradestation support forum.
Pay me!!! It is the other way around.... It is I who is in Anek's debt. I doubt that I will ever be able to return to Anek, the gift he has given me. The lessons learned far surpass those of the mechanics of AHG... The best analogy I can offer is the story of "stone soup", Anek provided the kettle and tossed in the magic stone... it is up to us to contribute what we can, to create a savory broth.... There are many individuals who contributed to this thread... I only threw in an onion... no thanks should go to me...
Anek, I understand tick sizes differe between ER, ES or YM. Currently I limited my intraday trades to SPY and QQQ, some XLE, EEM and other EFTs... Just read that you use "For the YM recommend 75 or 89 tick charts" I am using 512-tick for Short-term window and using 1,500-tick on my long-term window to determine a trrend. What tick size do you use? What would you recommend if trading SPY, QQQQ? Thanks.
+ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Still waiting for the ES charts - lol No, interesting charts - my question is how valuable the new HAs really are. They appear to be a tremendous help. Thanks for your comments. C
Hi Jaxon - I did several searches in the TS forums for "Price_action", but couldn't find the .eld. If you could post it here, that would be much appreciated. Sandy
Super, Here's a text file for the price action indicator I wrote for TS. Just cut and paste it into a new indicator window and then verify.