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Hello It has been something I wanted for so long. I don't like noise at all in my trading, but you must live with it. This is just a very subjective way I have to look at the markets. Note: For those who need shadows as a price reference, my apologies as this practically eliminate shadows. I do believe that hammers are powerful I am on this 14 days tryout with sierra charts and I found something very interesting. First here's the mix 1) Heikin-Ashi Bars 2) Hull Moving Average - 8-periods 3) Time frame I am using just for illustration purposes - five minutes I am setting the bars as a main price graph, You can't see the Hull moving average as is calculated as a main price graph, running along with Hekin-Ashi bars. At the beginning seems to me as renko bars, which I never get them to work. I decided to try the on real time today 7/23 and they move pretty much like regular candlesticks. It felt like a walk in the park....really smooth. I loaded two charts one was the fed day(traditionally choppy) and the other was Friday 7/20 with a nice selloff. Even on the fed day, there's some recognizable swings. Any input will be appreciated Thanks in advance

Well I check them out and I notice they support transact. Anyway I will love to hear your input about openEcry, brown Thanks

Thanks a lot brown and sorry for hijack your thread. I'vebeen using transact for years and have no compliants whatsoever, but I am willing to change for the sake of having better charts. Have you any experience with open Ecry??

Just take notice on the pullbacks

In general. I am on the hunt for a new chart software and I heard horror stories about TS execution. But it was back last year. I am currently on a tryout with sierra charts and so far so good. I know TS has many goodies and I've been thinking about trying them out to see how it goes.

Walter Iam really impressed with your system. I know people that trades off bands (Bollinger's, Percentage bands, MA bands, ect) but I have never tougth about using them as a retracement vehicle. My hats off to you. I will make the following comment with the utmost respect to you as I am not intending to change anything, just a humble observation and suggestion I notice that you're using 55t charts. I notice some sort of undesirable noise that tends to put you in a shaky mode, well at least me. I change the parameters a little using 144 ticks and I added a 89 MA , keltner bands on the same parameters as you stated, and it relaxes the noise. If you have Heikin-Ashi available in your charts, it relaxes the noise even more. I like to smooth my trading enviroment as much as possible. It gives me more clarity for descicion making and let me stay on the trade longer. Pit traders, especially from big houses, uses 89 MA a lot as a line in the sand. Just notice how the market behaves when it reach that MA. I feel at ease using tick/volume bars as opossed to time based bars. I wish I have either Heikn-Ashi or true volume bars on my charts. Just an obsevation Cheers Raul

I use strategydesk from ameritrade and up to day I had no problems whatsoever. Nice charting package kinda similar to e-signal. Fast execution. I only trade the cube's and spyders and my trades are longer than the futures. If you're using options to create leverage on the stocks try optionxpress...excellent customer service and fast execution. Hint: If you ever take a peak on qqqq and have acces to futures, use NQ as a leading indicator for the cube's...works a treat Regards Raul

Brown Pleas apologize to change the subject a little Hey guys onE question is TS still having execution problems???

Plenty or free materials here. Don't fall for this. Learn how to read price action. Learn how and why market oscillates between supply and demand. Establish yourself where S/R at the time frame you feel comfortable with. Have a plan of action with contingency. There you have a start. Need any help for all I mentioned above? stick around this forum. There's plenty of experience traders willing to help, including myself. We'll get you going. Cost $00.000

I got screwed up big time on QM some time ago due liquidity. I should say it was my fault as I went in kinda heavy loaded. CL is nice and tops sometimes over 300k contracts a day( back when I stopped trading currently I have to see). Along with DAX is at the top of my list. Inventories and good ol' S/R lines is all I use to trade this baby...sweet trades Good choice brown

Walter Amazing system. Although I am not a huge fan of indicators - Keltner bands definitely have something to value. They're based on price and not in standard deviation of price like Bollinger's. This is just a matter of personal preference nothing wrong with Bollinger Bands. A couple of questions. In one of your post you said something about placing your stops on pivotal points at the bands. How do you calculate Risk/Reward in terms of the trade?? is t fixed or you go along with how loaded you can go on the trade as volatility between the pivotal point and the entry goes?? Thanks Raul

Thanks Walter!!!

I traded corn long time ago, back in the 80's Yes seasonality played a big role back then...and keeping an eye on the weatherman. I did good shorting corn back in the drought of 86. Nice volume and was very trendy. I am curious as I got a call from a friend of mine not long ago saying that she's doing a killing on Ag's. I am coming back from a short forced retirement and I am feeling like a newbie into the extend that I am not a tune whit what's going on on the markets lately. Of course the ER2 situation caught my eye and I decided to do a lil research. Hope you don't mind if I keep asking questions, as I need to get back on track I am so sorry walter I have no intentions to hijack your thread Be blessed Raul

Which ag are you trading??

Thanks a lot!!!!

Thanks a lot I sincerely missed you all as I think this site is the best community of traders in my opinion. Yeah I feel your pain. I love Mini Russell too. By the way, how has been it's volume lately???

Hey Torero I had a big operation on my neck to remove a mass. Still struggling here but all is good( gotta be positive). I've been away from the markets from quite a bit. I traded EMD in the past, whit few contracts(2 to 5) and I had no slippage problems at all( well like you say 1-2 ticks here and there at market). I have to check if liquidity has increased since last time. I like this instrument as is very trendy and smooth. As to where traders migrate once the switchover happens, sincerely is hard to tell. I wish they go to EMD. Another choice will be YM. At this moment we can only speculate.

Beautiful thread James and thanks for sharing I'll try to be short as my health is still shaky..but willing to get better I definitely feel your emotions. It has been like looking myself back in 1980 - I was 15 years old and a runner (not to be confused with front running) for a pit trader - a big shot back then. One year later, this big shot felt "sick"(sipping margaritas in the bahamas) and called in saying "put the runner on the pit" I felt like a chicken with a head cut off. I hated trading for years but I said "well is good, anyway I have my pocket full of change and the chicks are handy" To make the story short, trading to me has become more than success. It is my life. I live and breathe the markets. I had a goal to be retired by the age of 25. Look at me now, 42 and still around. Actually that big shot trader is 80 something and still trades You had good advice from wonderful people in this forum, willing to help as always. I would like to add with all respect of everyone who has advised you the following 1)Don't rush yourself up in this business. Time and patience pays. Take your time and relax. 2)Be careful when your pockets start to get filled with serious cash. You don't want to know how much I have wasted in this life. 3) on the technical side, is good to read books, listen to experienced traders, etc. But ultimately you have to develop your own fingerprint. Don't copy-cat other people, which are pretty much in the business of selling seminars and books trying to sell their own "fingerprint" which not necessarily would fit your personality, style, habits etc. Something will work for you and something will not. Use wisdom and analyze carefully every single piece of advice your receive. 4) Trade what you see ***** as is happening**** you have a small window of opportunity hopefully everyday, don't let it go. Do an estimate of the risk prior any trade and get out when things go south. You're in this business to preserve your capital not to make money. The market will reward you as a result of your dedicated and excellent method of capital preservation. Think about it. There's plenty of Morgan Stanley's...oh sorry I wanted to say "predators" outhere waiting for newbies with this "I gotta make a killing in the market NOW " mentality, to rip them off. Although is good to have an attitude towards the market, in my experience, it's better to watch your prey behind the bushes and wait for the right moment to jump in. Ultimately we're all speculators in this business. We could only have an educated guess in our entry, but the rest is up to the market to decide. One thing that has worked for me is that in my mind, is my money on the line, meaning that everytime I push a trade, I have a pre-conceived notion on what this trade should go. If not, I am out in order to take a second look. But this is my fingerprint. I am saying this just in case you want to add it to your trading arsenal. Be blessed Raul

By the end of August 2008 CME will no longer be offering ER2 The owners of all Russell indexes have decided to give exclusive distribution rights to ICE. ICE has probably the higher cost of all exchanges combined and I know for a fact that traditionally, many broker houses are not inclined to offer ICE products. ICE has a very bad reputation, experience included on this comment. As to why the Russell's are doing this??? beats me...is one of the most "scratch your head" transaction I have ever seen on this business and I have seen a lot. I suspect liquidity on the Russell products will go very thin as very much all ICE products My advice is be careful, especially close to that date. Don't hold overnight positions after June 2008 especially on ER2.

Remains me about L.A back in '87... oh those good ol' memories..you could walk on venice beach with your girl holding hads and passing the joint no fears of getting caugth

Two for the price of one @ 6:00 AM GPB-USD Results 11-15-2006.xls USD-CHF Results 11-15-2006.xls

well after a long research and discusion, the bank gave me the fill @1.2789 I get saved by the bell but as a trader I am not satisfied. I am not happy with EUR-USD as is getting behind too long. It's the third time in a row that either I win for an stretch margin or I lose two or more times in a row. I don't see the strong correlation as they have in the past with cable and swissy. I am going to put EURO on hold for a little while to see what happens. Raul EUR-USD Results 11-14-2006.xls

well that's not me for sure LOL

target woke me up @ 6:00 AM EST well.. you know the story first cable, then euro and last the swissy but I have the felling target for euro will be reached at the CPI Report 8:30 AM as well as the swissy I think we will have 2 for the price of one today I still have my eyes on the aussie Regards Raul GPB-USD Results 11-14-2006.xls

Good Morning You can trade reports with absoulte confidence with the strategy I've been promoting around. Just make sure you don't get caugth in a bad fill. Forex market is a fast and voracious animal when it comes down on sensitive reports. If you're begining to trade live using this strategy, TEST THE WATERS FIRST. Fly low with 1 contract/lot to see how your broker handles the fill. Make a copy of the charts at the moment you fill the bracket, and save it .Also make a copy of the trade log. In case of a bad fill you have something to rely on;) . Raul