Reading Charts in Real Time

[Marko23 10]

The next smaller time scale offered no good opportunites before 14:30. One coud only grab 3..5 ticks in small moves.

 

I did not take the Short at 3, no idea where it could be filled.

 

Even after the big move down, one was immediately thrown back into the small degree. This is the market, just accept it.

[Marko23 10]

Next smaller time scale.

 

Bund fell 80 ticks within 6 minutes. This move is for computers, not for me.

[Don4 10]

The next smaller time scale offered no good opportunites before 14:30. One coud only grab 3..5 ticks in small moves.

 

I did not take the Short at 3, no idea where it could be filled.

 

Even after the big move down, one was immediately thrown back into the small degree. This is the market, just accept it.

 

Hmm, I did!! In the EU.

 

 

Don

[Marko23 10]

Hmm, I did!! In the EU.

 

Don

 

Good and save trade!

[Gabe2004 10]

Hmm, I did!! In the EU.

 

[ATTACH]16312[/ATTACH]

 

Don

 

Could you please eliminate the shadows from the font?

It is difficult for me to see (eye problems)

Bigger, non bold characters would be appreciated too.

 

Thanks

 

Gabe

[Gabe2004 10]

This is my 1st attempt at automating the SHORT end of things (H-L-LH) in a backtest mode.

 

Gabe

[Don4 10]

Sorry Gabe, I have already tried. It is on SnagIt if anybody could help me.

 

Thanks

Don

[Gabe2004 10]

Sorry Gabe, I have already tried. It is on SnagIt if anybody could help me.

 

Thanks

Don

 

There must be some OPTIONS or SETUP page where you can do that.

 

Thanks again

 

Gabe

[Marko23 10]

... SnagIt....

 

Which version of Snagit?

[Gabe2004 10]

This is my 1st attempt at automating the SHORT end of things (H-L-LH) in a backtest mode.

 

Gabe

 

Added the SL.

 

Gabe

[Don4 10]

Which version of Snagit?

 

SnagIt Academic Version.

 

Just saw SnagIt 8

 

Thanks

Don

Edited December 5, 2009 by Don4

[brownsfan019 17]

SnagIt Academic Version.

 

Thanks

Don

 

SnagIt is rather incredible with all the things you can do in it. Just spend a little time w/ it and you'll find some great stuff. Here's the SnagIt Learning Center.

[Marko23 10]

SnagIt Academic Version.

 

Thanks

Don

 

My version is 7.2.5 .

 

When I type text in that SnagIt Editor, there is a second check box down in the dialog where you can turn off the shadow.

 

That version cannot make a screenshot of itself unfortunately.

[brownsfan019 17]

Sorry Gabe, I have already tried. It is on SnagIt if anybody could help me.

 

Thanks

Don

 

[Don4 10]

Thanks guys!! ........................

 

 

 

Don

[thalestrader 14]

Yes, and a simple trick made learning this much easier for me: I never, never change the vertical price scale of the chart. After while, I could just ignore the small swings and concentrate on the bigger ones.

 

I do not find too much to recommend FXCM's charts, but one feature that I do like that is lacking in every other package I use is that the vertical price scale will stay stable and can only be adjusted by the user. Ninjatrader, on the other hand, automatically adjusts the scale, which distorts price action. I do not know why these developers all think that there is a benefit to what I call "auto-scrunching" during price moves that are large relative to the immediatley preceding activity. If anyone knows how to stop Ninjatrader from autoscaling, please let me know here.

 

Best Wishes,

 

Thales

[Marko23 10]

I do not find too much to recommend FXCM's charts, but one feature that I do like that is lacking in every other package I use is that the vertical price scale will stay stable and can only be adjusted by the user. Ninjatrader, on the other hand, automatically adjusts the scale, which distorts price action. I do not know why these developers all think that there is a benefit to what I call "auto-scrunching" during price moves that are large relative to the immediatley preceding activity. If anyone knows how to stop Ninjatrader from autoscaling, please let me know here.

 

Best Wishes,

 

Thales

 

Very interesting to read your experience. Those developers don't ever trade.

 

The charting program, which comes with IB TWS, also keeps the price scale fixed after the user sets it to a specific range. That program is simple, but very effective in my opinion.

[Kiwi 16]

You can stop Ninja autoscrunching by moving to Sierra Chart

[RichardTodd 10]

If anyone knows how to stop Ninjatrader from autoscaling, please let me know here.

 

Fixed scale is one of the many features coming in NT7... it's in the recent betas, and people are debating the exact way it should work right now. There are 'verticalscale' indicators for NT6.5 floating around that try to work around the issue in the meantime, but they are a bit quirky from what I hear. I've never tried any of them.

[thalestrader 14]

You can stop Ninja autoscrunching by moving to Sierra Chart

 

That's funny, Kiwi.

 

I tried Sierra a year or two ago. I remember I did not like it, but I cannot remember why.

 

Best Wishes,

 

Thank you,

 

Thales

[thalestrader 14]

Fixed scale is one of the many features coming in NT7... it's in the recent betas, and people are debating the exact way it should work right now. There are 'verticalscale' indicators for NT6.5 floating around that try to work around the issue in the meantime, but they are a bit quirky from what I hear. I've never tried any of them.

 

I'm using 6.5. What are they debating? Why not just enable the user to turn fixed scale on?

 

Best Wishes,

 

Thales

[MidKnight 12]

Hi Thales,

 

I agree fixed scales of a constant range are ideal for developing an eye/feel rather than being a program to trade. I've used a few charting packages over the years and they all seem to allow constant scaling. Ensign, Neoticker, Sierra, to name a few. I tried Sierra some years ago as well and didn't like it much then, but more recently I tried it again and I'm pretty pleased with it. It's fast, small memory footprint and trading from the chart is nice. For automated studies, I think neoticker is the best though. Lawrence Chan (a long time systems trader) has put huge effort into making neoticker stand out in the programming side of trading.

 

With kind regards,

MK

 

PS: I hope you are feeling better now and business as usual next week!

[Gabe2004 10]

Just finished the Long and Short versions.

15min and 1H.

If anyone finds an error, please let me know.

 

Gabe

[thalestrader 14]

I hope you are feeling better now and business as usual next week!

 

I'm feeling much better, thank you. I have no idea what was wrong with me, and I'm waiting to hear back on the results of some tests. At any rate, business as usual this week for me, God willing. I do have other business on both Tuesday and Thursday that will keep me out for most of the NY session on those days. Otherwise I expect to be at it from Sydney Sunday to lunch in NY on Friday.

 

Best Wishes,

 

Thales

[Don4 10]

Gabe, I dont know if you were refering your test to me or not.(On the hourly) But it doesnt matter do you like my new picture?

 

 

 

 

Thanks

Don