Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
pat15
-
Content Count
46 -
Joined
-
Last visited
Everything posted by pat15
-
Thank you Steve for your reply ...sorry to hear that about her. I did try the Journal but cud not find any posts by her. May be what you mentioned isn the reason. I will try it again. Thanks Josh for the explanation. I will check and see what I can find. Meanwhile I will plod ahead with this simple setup discussed here. As mentioned by some one need to track 3-4 futs to find a setup that meets this criteria. Does anyone trade commodities? I dont but just curious if some uses this setup for wheat, beans etc. Regards Pat
-
I am going thru this thread ..Someone mentioned about the NoDoji on Elite Trader ... I am curious see her posts or charts or what setups she uses. On ET I could find her nick and under Author but cud not find any setups etc posted by her.... Sorry new to ET too. If someone cud post a link where her posts are on ET forum, I would appreciate that... Thank you Pat
-
Josh you had mentioned delta ..is it available in ToS and more imp how does one uses it. Very nice thread and following it now. Pat
-
many Thanks phantom for sharing your setup and explaining the nuances and posting your charts. It has been of some help to me. Still need to work on my end - recognizing it real time and taking the setup. I plan to post charts when I take the setup especially ANTY and the original setup phantom explained. Hopefully others who have been here and follow this setup can comment. Many times I make mistakes in recognizing it or jumping the gun. However, the methdology phantom showed works but need patience to see it as it sets up. I hope we can continue this thread and post our setups and share our trades beased on this methdology. Best wishes phantom and thank you for starting this thread and taking the time to show us your setups. Regards Pat
-
"The signal is a "failed test" of the fast line versus the slow line with the zero line being a filter for buys and sells." phantom not sure I understand this statement correctly especially "failed test". Do you mean the same thing that you use in your setup which is not related to CL? here is the 2 locations of CL setup S and L as I understand the CL setup based on Macd. Any comments wud be appreciated.. Regards Pat
-
yes phantom took a little liberty with the L signal but strictly per criteria it is void. I can see you are pretty strict on the setup criteria and dont stray away from it? Will keep an eye open for the setups on CL ... and see how good I do in seeing the setups in real time. Thank you for your comments and help. I wud hope others wud join in and have any comments or post the charts to see. We cud trade this setup and see what else cud be added or look for to make the trades a bit easier for the struggling traders. Regards Pat
-
phantom here is the CL chart with ema's settings ..and possible S and L setup. You are right data feed etc may also cause some variation in the charts. My datafeed is Zenfire. Thank you for the comments. Regards pat
-
Phantom here is a chart of the Fri PM action with the macd 5,13,13 sma now. I have expanded the macd so one cud see the histo well. I have a variable called spread and that control the height of the histo bars. I have reduced the size of these histo bars now [from 5 to 2]. Attached chart now shows only 1 L and 1 S setup as per your criteria. Thank you for your comments and encouragement. Regards Pat
-
Iam You may be right ..'exp' settings gives the setup earlier than the 'simple' settings ..but one can also look at the rat tails that phantom mentioned ..in this setup too...However, experience and confidence counts a lot in trading and obviously phantom has been at it for a long time. Real time price action and being able to see the setup quick and take it .. comes with time and study the charts of exprienced traders ... I hope phantom will keep this thread going so we cud share charts and his setups of the previous day. Regards pat
-
phantom I am using the macd setting of 5, 13, 13 that is Ave 1 5 exp Ave 2 13 simple Ave 13 simple sorry should have used Ave 1 as 5 simple? Thank you for the help. Regards Pat
-
Thanks phantom for the explanation ...geez I was thinking the opposite of what you said However, it is clear now that ANTY is a hit & run setup but need to be very careful ... Watching the ES & TF last week ...no way one cud use a stop even 3, 4 or 5 pts on these futs ..mkt was so volatile that these stops or even greater than these #s wud have been hit. I did not trade as I was clearly not up to the task of been able to use any kind of stops. But a friend who trades well said these are the times to make hay while the sun shines .. and they dont come by often. Well will work on my understandings of this ANTY setup in real time and do some paper trades. If others who are following this setup .cud post some comments / charts will be a good start to look at this setup along with phantom previous setup that he described in detail. Regards pat
-
here is a chart based on ANTY setup and as per phantom timeframe and macd setting. I have marked the S and L locations ...based on the strategy defined in Street smarts. P if you get a chance to look at it ..any comments will be appreciated. Hope the chart shows up. Attaching ti for the first time. #2 S failed it seems ... #1 and #3 worked well. #1 L failed too. #2 and #3 worked well. pat
-
I agree phantom that ANTY is much easier to follow than the other strategy .. will have to see how it works in real trading and the setups .. Will setup the charts based on this and the timeframes you have mentioned on CL. Still paper trade on CL but I keep looking at the charts with your earlier methodology. Also agree that %K %D cud be substituted with macd .. Easier to refer to one indicator than switch around etc but to each his own... Just wanted to ask why you find this ANTY setups better in high volatile mkts like the one we had last week? compared to your previous method you had described in detail. Regards Pat
-
Thank you for the comments. I got the book from library this PM and got to the setup you pointed out 'ANTY' and I am going thru it now ..to understand the setup ...looks simple enuf but the examples shown are for Daily charts. Do you first see this setup on Daily chart then move to say 20m 15m charts OR some other timeframe for the entry? I would appreciate if you could post a few charts on CL that you had taken on the past week - with so much turmoil in the market. I will begin to look at this setup with CL charts of the past week and see where I go with it. This could also be a setup that you could show some examples of it - if you choose to do so. Just a few examples of charts would be adequate for the way you take the setups. I must say that for me looking at some charts and the setups from those who are v good at trading gives me the confidence that the setups work and focus myself on be able to see them during the live sessions is a big help. Real time price action and be able to see the setup in real time is forming and recognize it - and have the confidence to take it. Still working on it. Your charts have been of immense help to me. Regards Pat
-
Thanks phantom ... it seems consolidation is a necessary condition for your setups ..as shown in some of your examples ... the chart cees posted looks like a up move and pullback and then continuation upward...at that point. you are correct price action supersedes indicators .. If I may ask in response to my Q re looking at some futs, currencies etc and monitor them .. I plan to do the following and would appreciate your input/comments. 1) Monitor 120, 60 m charts for trend like hitting the upper/lower BB band 2) once an extreme level in price reaches look for consolidation on 15, 20 m charts 3) Look for the setup after some consolidation ...use the macd filter to help in setup 4) Look for a rat tail etc now for entry and a stop .. 5) Stop is +1, 2 ticks higher than the entry bar In this high Vol environment past week, your setups will force one to move to more calmer futs such as commodities ? emini futs such as TF ES etc were very wild ..[just impossible to trade] Would appreciate if you cud post some charts of the entries you had taken past week..if possible Thank you Pat
-
phantom, cees Just a comment on the chart posted by cees and reply from phantom... It seems to me I wont consider a S here since the MACD is not below the zero line .. may be that is the reason price action led to upward movement ? another Q: phantom do you monitor a number of futures/commodity charts and keep looking to see which one is getting setup and then focus on it ? Regards Pat
-
Many thanks phantom for the charts on CL... You are quite correct that 15m chart will give very long bars due to the extreme vol in CL ..Now that I look at the charts you posted they look far easier to spot b/o from consolidation levels cuz of the range bars on the charts .. Next I will look at these 30R charts on CL for the next week and pick any entry points and post them..(no real trading ofcourse in this contract for me until later) One thing I have noticed tho ...even on 15m charts CL has a tedency to hold levels to the tick many times .. One can draw S/R levels on 15m or higher time frame charts and watch how price reacts to these levels .. For now, I will look at the 30R bars charts you have shown in the examples. Thank you for your help. Pat
-
phantom...you mentioned experimenting with range bars for energy trades ...as I wrote earlier I dont trade CL yet but look at it everyday ...sort of trying to see the moves and how it reacts to S/R levels ..it is very tempting for me but knowing my trading skills I stay away from it now ... I would appreciate if you cud post some charts on trades you may have taken in this sector .. and also what timeframe you use for the range bars ... Lately I have been looking at 15m charts for CL ..with the indicators you have mentioned in your setups .. Thank you Pat
-
Excelent post on trade management ..and Stop location. Phantom I dont trade CL cuz of the velocity of its moves and knowing my limitations in trading... I would appreciate if you could post the chart (s) setup on CL that you took ... Thank you.
-
Phantom ... i have read your posts and chart examples with interest. I agree that one must try other mkts than ES NQ etc. How do you pick other futures such as grains etc a) Do you regularly check all grains to see which one is setting up? same with the currency b) Do you have some grains/currency that you find better than others in the category? Thank you ..great thread and hope you will keep posting your setups ..
-
Seems like a good indicator ..however the problem is one does noy use TS then you are out of luck ...as coding is not that easy ..I use Ensign charts ..it uses ESPL language unless the code is written in that language it will not work .. Does anyone else use Ensign charts here? Thks for sharing Pat