35854 replies to this topic

[TellyTubby]

Beware the jabberwalkie

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[BlythZ]

I am in, long 45,287 Futures.

 

US and UK futures recovered nicely 

And out at 45,604. I prefer to stick to day trading for now. 

 

Thanks for the heads up A

[BlythZ]

What happened in the last 7 minutes? Seems like there is a dip coming including overseas markets

[Beorn]

Hedges my longs on IG tonight as the Greece **** unraveled.
Will close hedge as soon as dust settles. (Zero hedge)

 

Closed hedge just now.

Run bull run!

[Argento]

Big rally coming!!!

 

A

Aussies has totally blown off their top to new highs...US looks to break their downtrend line at last and we are flat to down...soon we will play catch up and believe tomorrow is the day folks!

 

Got 46600ish on my radar for a good place to start distribution...she finally touched the 5H middle bollingerband this morning!

 

A

[Ninja]

Grid holding up well.... Are we load shedding or what?

[grantmu]

Thanks G ... I'll have a closer look when time permits.

 

Have you looked at Renko or Kagi?

 

Both have value but not my preference. 

Looked at Kagi, but there are so many things that have to be programmed from scratch to get it all to look the way I want it to.

 

I am also working on a completely separate program that will do all the stuff I want, about a year away. The base of the new program does work and is designed to take the market info + historical data, then offer 5 possible scenarios based on historical data, I want it to be real time and kind of give you a possible look into the future, as the scenarios play out they move higher and higher into probability.

 

It is a bit ambitious but I think I have most of the base problems worked out. The idea is shorter trades with more profit but not Autotrading, kind of having a really good stock broker whispering in your ear all day. it works for FX and index.

 

will see how that goes.

 

G   

[gannet]

Its a JAVA thing and not a program thing, working on a plugin that I could use the data from pro-real time and display the output in a separate program, most of my indicators cause problems as I tend to overcook the things to get the best possible line formation.

 

If you are already using Proreal Time try this, on a 10 second chart, select MACD Zero LAG. then change the settings to. 184 for short term, 645 for long term, and 53 for the signal, not quite as smooth but works without crashing, mess around with the signal settings so that you can see it better, I stay on 53.

 

That normally spits out about 6 trades a day that will convert into 4 that make money. The only error with this is that after a good run in either direction the MACD does not know how to deal with a slow down, so it shows a turn and not a continuation of the trend until momentum dies down. So if there is a big movement in any direction it is sometimes worth it to stay in the trade after the signal to turn. use some other indicator to determine if you stay, like boll band or something like it. Set the number of points to about 200 so that you only see the last day or so.

 

This works very well. 

 

G

 

Thanks G ... I'll have a closer look when time permits.

 

Have you looked at Renko or Kagi?

 

Both have value but not my preference. 

[delta66]

thks G..when there's a gap may try this out

[grantmu]

would give it a go, my system meets latest spec i7 but ram is only 8GB   nice prog you need a techie to optimize/share real-time algo processing to CPU instead of ram. whether thats done via hardware config or software-not 2sure

Its a JAVA thing and not a program thing, working on a plugin that I could use the data from pro-real time and display the output in a separate program, most of my indicators cause problems as I tend to overcook the things to get the best possible line formation.

 

If you are already using Proreal Time try this, on a 10 second chart, select MACD Zero LAG. then change the settings to. 184 for short term, 645 for long term, and 53 for the signal, not quite as smooth but works without crashing, mess around with the signal settings so that you can see it better, I stay on 53.

 

That normally spits out about 6 trades a day that will convert into 4 that make money. The only error with this is that after a good run in either direction the MACD does not know how to deal with a slow down, so it shows a turn and not a continuation of the trend until momentum dies down. So if there is a big movement in any direction it is sometimes worth it to stay in the trade after the signal to turn. use some other indicator to determine if you stay, like boll band or something like it. Set the number of points to about 200 so that you only see the last day or so.

 

This works very well. 

 

G

[delta66]

short term trading using yesterday as an example. just buy and sell on the colour change. this is trading on the 10 second chart. 

 

scalping made easy.

 

Before anyone asks me for this it is not finished yet. it crashes the system every hour or so.

 

But if you want to try and write your own the maths is quite simple, but don't try this on anything less than the current biggest I7 CPU, and I also suggest you have at leased 3 screens.

 

So the maths is quite simple, you need to create a bias between the close and the high of each candle, then average that over a fairly long period, about 200 candles works OK. the bias between the high and the close give a pretty good idea of direction.

 

Take the result of that and feed it through a linear regression to get the output. I use colour change but you can also put a single average line of the output on the chart that will give you a line cross, set the average at about 4 periods to get it smoothed out.

 

The reason for the failure is the indicator is live and the problem is that every time the price changes, the indicator recalculates every single point and not just the last one, that kills the CPU and chews up Hugh amounts of memory, if the indicator moves fast then the memory runs out (32GIG) and crashes the program, trading this way eliminates the need to know anything about the market, in fact the more volatile the better.

 

G 

would give it a go, my system meets latest spec i7 but ram is only 8GB   nice prog you need a techie to optimize/share real-time algo processing to CPU instead of ram. whether thats done via hardware config or software-not 2sure

[grantmu]

short term trading using yesterday as an example. just buy and sell on the colour change. this is trading on the 10 second chart. 

 

scalping made easy.

 

Before anyone asks me for this it is not finished yet. it crashes the system every hour or so.

 

But if you want to try and write your own the maths is quite simple, but don't try this on anything less than the current biggest I7 CPU, and I also suggest you have at leased 3 screens.

 

So the maths is quite simple, you need to create a bias between the close and the high of each candle, then average that over a fairly long period, about 200 candles works OK. the bias between the high and the close give a pretty good idea of direction.

 

Take the result of that and feed it through a linear regression to get the output. I use colour change but you can also put a single average line of the output on the chart that will give you a line cross, set the average at about 4 periods to get it smoothed out.

 

The reason for the failure is the indicator is live and the problem is that every time the price changes, the indicator recalculates every single point and not just the last one, that kills the CPU and chews up Hugh amounts of memory, if the indicator moves fast then the memory runs out (32GIG) and crashes the program, trading this way eliminates the need to know anything about the market, in fact the more volatile the better.

 

G 

 

 

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[Vertebrae]

Have confidence that the load will be shed

[grantmu]

You were warned.

This market is a yo-yo.  and this yo-yo will continue playing throught the whole year.

If you made money in the bull market of the last 5 years then remember my words.

You are going to go burst in one year.

Stay out off the markets until a clear breakout occurs.

Maybe nextyear.

Maybe,maybe i am not sure.

Long term trades may well be at risk, the one or 2 day trades are still very much on, different kind of trading, if you are good at spotting turns within the day there are actually more points to be made than long term stuff, but there are much more risks.

 

150 points a trade, 4 trades a day, I'l take those odds.

 

G

[Motion Picture]

Thanks Farouk. I agree with your warning, but I think for short term traders this could actually be the most fertile soil to make bigger bucks!

 

We make money as she goes up and make more as she goes down...best conditions for traders.

 

Staying out will be a tragic loss!

[grantmu]

I get the impression this thing is itching to run, But I also think that if this Greece thing is allowed to get out of control we will drop like a rock, for now I think the markets are in a wait and see mood.

 

The one thing this did prove is that the ECB is still not autonomous, they are still owned and operated by Germany and France.

 

I still think the ECB is going to step on an appendage, and this thing is going to fall apart later in the year.

 

So the new Greek government was slapped down, and told to go and stand in the corner, if they bow this will all go away and the bull can run, if not I think we are going to add Spain to the list of children in the corner very soon.

 

G 

 

 

[BlythZ]

Big rally coming!!!

 

A

I am in, long 45,287 Futures.

 

US and UK futures recovered nicely 

[Argento]

Big rally coming!!!

 

A

[farouk]

You were warned.

This market is a yo-yo.  and this yo-yo will continue playing throught the whole year.

If you made money in the bull market of the last 5 years then remember my words.

You are going to go burst in one year.

Stay out off the markets until a clear breakout occurs.

Maybe nextyear.

Maybe,maybe i am not sure.

[Vertebrae]

Monday gap closed, gives me hope Joanna