5 Postions Taken 2 Sucessful 3 Failed ( I am counting the Breakeven trades as failures) 40% Daily P/L = +2.0 Points 1 contract = $100 Elvis has left the building.
VisionTrader, Thanks for your posts. Most informative, and good luck. I followed the link in the TradeStation forum that you posted. (I took the test, and yes, I'm an idiot too.) With respect to the TIMES Course, I paid for half the course, while my friend paid the other half. He went, and got signed up with FutureSource, but then I could never get their settings for TradeStation. You show the settings that you use in your chart images, but I wonder - did you get those as official settings for this method, or did you just create them yourself ? I have another Stochastic that I made up while trying to duplicate the TIMES charts. Not to confuse you, but you might want to try it. It's smoother than what you use, but does give different signals sometimes. I coded it as a new indicator as follows: Vars: Stoch(0); Stoch = SlowDCustom(Average(H,4), Average(L,4), Average(C,4),2); Plot1(Stoch); Please let me know if your settings are "official" per se, or created by yourself. Thanks, Rick
Showing the difference by some pictorial example would probably be helpful. There are many stochstics out there. For instance SierraChart gives you the preferred, fast, and slow stochastics. I prefer the preferred and slow ones. Thanks, Wally P.S. The thread is really very good. Congrats on the quality.
Right, Wally. See attached. I've tried to duplicate the same chart that VisionTrader last posted showing June 19. The Light Blue stochastic is VisionTrader's, whereas the Yellow one is mine. (sorry for the poor quality image - I've got to work on that) Again, sometimes you get fewer signals, sometimes you get extra signals, and sometimes they are slower or faster than what VisionTrader is using. It's a matter of preference, and I'm by no means trying to push my version. Whatever works for you, use it. And by the way, this is not necessarily a counter-trend method. If you took the short trades at 9:42 and 10:12 am EST on June 19 (on Stochastic signal only, not MACD), these are really pull-back trades in a downtrend, and the stochastic divergence indicates that the pullback is likely finished. The only trouble is that the signals "with the trend" are a lot fewer and farther between, than if you were to take every divergence. I'm still interested to find out if VisionTrader's settings are actual TIMES settings or his own creation. Also, VisionTrader, I know time is precious, but it would help others if you posted the time of the signal, as well, so they could follow along a little easier. Thanks. Rick
You have to say it like Robin Williams in Good Morning Vietnam. I will be heading to the front lines today.
Trader 416 and Wally thanks for stopping in. As I think I stated in the beginning of all this, I am not a TIMES student, never have been. I am developing my own system. It is without a doubt based on their simple methodlogy. I have come over to Index Futures land from the FOREX world. I am not a completely inexperienced trader, but very close. I really enjoyed currency trading and was modestly successful. I have found the electronically traded S&P to be more consistently predictable and orderly. I take the 1M chart set up a step farther and am using another subjective test to decide whether and when to take the 1M signal. It has worked extremely well in backtesting. The reason I prefer this type of system is because of its simplicity. Maybe breakouts, pullback, zig zaggers, etc is simple for others, but for this idiot, there are too many conflicting signals. I do not like to be bombarded with information. I think it is counterproductive. In fact, I took the TV and CNBC out of my trading room and my trading has greatly improved. (not too mention my intelligence level). The only thing I try to keep up on is economic data announcements, so that I don't get caught in a trade during this time. Sooooo, as I stated, I do not have any idea of what the TIMES indicator setting are, but I have tried to copy the 1M chart using the information that they make public. ONLY AN IDIOT WOULD USE PROPRIETARY INFORMATION WHICH IS PROTECTED.
Now I want to answer your questions. I am not the best chart poster myself. Learning though. Trying to get as good and a quick as Breakout. I really appreciate your input on the Stochastic. This is the one that I am tuning. I am satisfied with the MACD that I have developed. Also, I realized that in some of my earlier posts, the chart settings were wrong. I have not gone back and updated because I did not think anyone was really looking at this. Sorry. Also, a couple of times, I had the wrong indicators on the charts. I do use the %D. Slow and the previous charts did not show this. Your settings are different than mine. Lets work together on this if you are interested. We can do it thru PM if you want. Whatever. I am going to post two charts. One is VisionTrade and the other is Traders International. Please have a look and see what you think. If you were a student, I have one question that I have been trying to get answered. Do they really take their indicator settings out to the ten thousandth??? My TS program doesn't seem to care if I put a decimal point in my Stochastic settings. After you look at these two charts, lets talk some more. Will have to post them in two seperate posts I guess. As far as you question on posting times....I will do my best. This joural is very secondary to my trades. If you have ever tried this, you know how distracting it can be. I do not want that to happen to me. If you look at the time of my post, it is very close to my entry time. Should be within a minute or two. If anyone has a question about a specific trade, time, entry, etc. just ask me a question. I will answer it in a timely fashion.
Try making your charts in .gif or .png...they're clearer and faster to upload, too. If you need a screen capture tool, you can get one here for free. I like the Gadwin and the MWSnap.