you mean that pirate from downunda? the OP I like your thought that just grindin but in a lot of trades will ulimately have you in the market for a big pop. This present consolidation is long enough now that we should see something big. Compared to a month ago at least you see some downward swings compared to the beeg bull she was.
Hey jack, you really are a genius you know. If you could just write in slow-motion, we'd all probably get a lot more from your posts. Part of the problem is that the mind only associates with concepts that it has experienced, if a trader hasn't expereinced what you are talking about (in my version of your heavily edited post) they won't be able to coginize what you are saying. Anyways, thanks, and have a nice weekend. JJ
Don't forget to visit our gift shop on the way out of the thread and purchase a Jack Hershey T-shirt... look for the classic logo of Jack vomiting up the dictionary into a toilet bowl after a hard night on the town
***In my mind we are perfecting the YM, 2 minute chart*** Trader28 trades the (ER). Some of us (me) trade the YM, $5. mini dow. I really like Trader28 system!!! But I felt like I was getting whiplashed on the YM using macd 12-26-9 What to do? Tweak the settings a little bit? Jack Hershey walks into the room with his Stoch settings...So I said I'll check them out... I like the Stoch 14-1-3 and 5-2-3. I don't know which is the best setting for the YM. I also like the Macd 12-26-9 and 5-13-6. I don't know which is the best settings for the YM. I would like to narrow this down to Macd and Stoch but I don't know which settings to keep and which to get rid of. I would really like to narrow this down to one indicator and get it down pat. Does anyone know which indicator and settings are the best for short term trading on the YM, 2 minute chart. (short term to me is 2-5 bars or 2 to 10 minutes per trade). ***In my mind we are perfecting the YM 2 minute chart*** Thanks snarlyjack
Ya know Snarly, you seem a decent sort..But you ask questions that YOU should be able to answer yourself. You have all weekend. Why not take a few hours and go back through your intraday charts and figure it out yourself. Are you saying that you don't know what the real difference is between MACD or Sto settings? If thats the case, why not take the time to do some research? At some point you are going to have to learn to sail your own ship. Good luck Steve
"I would really like to narrow this down to one indicator and get it down pat" How about price ? It's pretty good.
TO: Jack Hershey Hello Jack, Since nobody else seems to have done it, I did mark up the trades of the 16th- please see attached chart. I will also attach the spreadsheet. 1. I entered at the close of each bar where the Stoch crossed zero (otherwise, you dont know if it flips back and forth, right?). Is that the correct assumption? What would your exact signal be? 2. My backtest does show 4 losing trades.. could they have been avoided by a filter, and if so, which one? Your comment seems to indicate there is a filter which would make all trades taken profitable? 3. The backtest shows profitability ($200/lot), but I did not factor in slippage- would that be a factor in this case? 4. I calculated the MAE, which determines that you would need a 10 pt emergency stop to achieve the results shown. Is that correct? 4. Thanks for your pointers!.... am trying to learn something here...
And, lastly, I did take off Volume for the clarity of the chart... which might have been a mistake, given that it could be the filter or the anticipatory indicator that Jack refers to... appreciate any direction there, Jack.
Vienna: it looks like those trades could have been done with just the macd. Is that your thinking, too?