sojourner7

Please define what you mean by 'leg'.

Hi Kenny- this is a very good question-
always when you get stuck and lose you look back and say to yourself- damn- if i used another time frame or bigger or smaller stops i would win this move- ...
the answer is- no need- if you can trade- you should be able to trade in any time frame and any bar type and in any settings for the indicator.
the market does not trade according to your needs or wishes- its purpose is to cause as much damage to as many traders as possible.
 
Again- do not trade this scalper by itself- you need to use it as an entry or exit tool.
I REPEAT- DO NOT TRADE THIS SCALPER ON ITS OWN- USE IT ONLY AS AN ENTRY OR EXIT CONFIRMATION.
 
In my next post i will show you how to decide where the market is going to knowing the target in advance and using the scalper as entry or exit.
 
Jane

trader1968
Thanks so much.
This is what i meant sharing ideas and helping each other.
 
Trading is not easy- its actually very tough , you can study and learn, watch all the videos and seminars, read all the books and you will still lose.
You need to develop a sight, an instinct, a sixth sense.
You need to spend hundreds and thousands screen hours and only then when you look at a chart you dont just see the bars- you see a meaning, you see a direction, you see every turn without the need of indicators.
 
Starting a trading room sounds like a nice idea but i dont have the time for that.
 
What I promise is that I will try to give you guys a glimpse into some trading methods and aspects here in this thread.
but on one condition-
I hate talking to the walls, and there is nothing more frustrating than spend hours on explaining something and getting no feedback at all.
Do not hesitate to say anything, you CANNOT piss me off so be truthful and say whats on your mind.
I want to see participation from all of you.
Next week I will show you how to scalp very easily without any complicated rules or sophisticated method.
 
Another thing i expect from all of you is to reciprocate and share your ideas also here.
 
take care and have a wonderful weekend
 
jane

You have all my support :).

Here you go, little busy with family... don't come here often now these days. Please remore the spaces if you find any.
 
Reza's 5 New :
https://mega.nz/#!uNUVjDwb!lc1x9F6c2_oXfiHPHWcXztJLMk34261SOTlKGm7npxo
 
Reza's 4 Old :
https://mega.nz/#!qMthkSxa!Za1wEiJdYgVPH2x7q-pHaUoSni3j8ej73HYGD1_ZBXI

Frankly, I'm in the process of testing the removal of Navi from my trading charts and just using a modified 50 MA. IMO, Navi does give some false signals and misses some other good ones. Obviously, nothing is 100% in this business. I'm just trying to get the best edge with minimal inputs.

First of all i wanted to thank everyone for the nice support.
Today was another very good trading day without any worries where the pivots or volume clusters or symmetry dots or cl levels or any of these hundreds resistance and support levels.
Again- today i am going to stay at the same level as yesterday , still no indicators and no countertrend and no higher level stuff.
http://imageshack.com/scaled/large/543/cymq.jpg
So started early at 8:50 am which is 5:50 my time, i saw that we do have a higher top so when i got that long signal at point 1 i did not hesitate and went long EVEN THOUGH THE BIG PICTURE TOLD US TO CONTINUE SHORTING FROM THE BIG DROP OF THE NIGHT.
point 2- same long with a stop bellow, keep in mind that even though the market tried to generate a lower high it did not succeed and as u can see the long was great.
point 3- same long- look at the delta between tops- meaning trend is strong- no need to measure with any indicators.
point 4- here is the EXPERT TIP i will add now- as you can see point 4 would be a loser- BUT- and this is a HUGE but and you have to pay attention.:
YOU HAVE TO MEASURE THE FIBS EXTENSION BETWEEN THE TOPS- they are actually your best measure for the trend strength. once its 1.272 to the tick which happened here-YOU DO NOT ENTER WITH THE TREND BEFORE a retracement of at least 61.8 , so if you look there - i skipped point 4 long because it did not made the 61.8 and i entered at point 5 which was a great winner.
point 6- same rule but here we had no noise- and it was again a great long.
point 7 ended with a break even.
point 8- VERY IMPORTANT-you would imagine that since point 7 low was broken we would look for a short- basically you would be right but 1 tick is normally nothing- actually if you look we hit a support of point 6 and we got a long entry so take it.1 tick actually is the bet divergence - because all the breakout shorts would bail and reverse while we go long and laugh.
point 9- here i got small legs i just stopped and waited , same with point 10.
point 11- i saw a nice double top with a short reaction so i took it- was a great short.
point 12- same short - watch the nice delta.
point 13- was a little confusing but as i said before- we only broke point 12 by 1 tick so i took this short with a tight stop and it worked perfect.
point X- its the double bottom between 13 and 14 - forgot to mark it- was a perfect double bottom and i took the long, i expected to have a new high so bailed only with 2 points damn lol.
point 14 was a mystry- no idea why where so i stayed out.
same with point Y bottom before 15.
point 15 took a short for 1 tick loss and then for desert took the nice long of point 16.
i will not tell you how many points i made but you can figure it for yourself.
i am just trying to explain that trading the es is great- you have time to think and unlike the cl your stops even though i use market stops are normally very small.
here is the link again ///// http://imageshack.com/scaled/large/543/cymq.jpg /////
Enjoy and hope it helped.
Take care
Jane

Wonderful example of the method in action today. Get those eye straining indicators off your charts and get on this program comrades.
 
http://www.sendspace.com/file/b1cs6o

Going to post few examples that will help in maintaining profitability using this method.
Here is a devastating area, if you traded this on friday for almost 20 minutes you would LOSE so much that by 10:10 am you gonna be puking and sick to the bottom of your heart blaming the market, the feds, the automated trading computers and everything else BUT YOURSELF lol. ( sorry just going back in memories... ).
If you used ANY software that is being sold in the market your entries would be delayed- and by the time you went long its time to short etc.
SO HOW DO WE AVOID SUCH A DISASTER ?
So lets take it apart and go through each of the solutions.
1)- as yamantak instructed- go only in the ma direction- so this will save you the agoing of going long and lose.
2)-here is my solution (that is for you GAVESTO- we are waiting for the indicator that will do that automatically )- DO NOT TAKE AN ENTRY UNLESS YOU COUNT AT LEAST A CERTAIN AMOUNT OF BARS BETWEEN THE LEGS.
 
This is something that you wont find in any book or any guru's bible- they all use ATR and space industry sophisticated indicators that by the time they tell you we are copping around oh well- its too late lol.
so just look how the item you trade is behaving- count the bars between green and red and find out what is the safest for an entry- meaning- you wont go long on an upward market UNLESS you got a retracement of at least xxx red bars. very simple and easy to understand and execute.
3)- this is the way i trade so you can take it or leave it lol.
i hardly use any indicators and if i do its just for fun or for visual confirmation. ENTER ONLY IF YOU GOT THE SIGNAL AT A PERFECT FIB LEVELS NOT AHEAD AND NOT IF THEY WERE BREACHED.
again- you will not find that anywhere so treat this is precious information and use it .
lets look at friday- i KNEW that i am looking to short- BUT.... once we got to the 38 i did not get a signal - look at the chart- SO I WAITED FOR A SIGNAL AT THE NEXT LEVEL WHICH WAS 50.
once i got the signal i shorted with a small stop above last high. i expected a much lower move but as i saw that we have a 1 tick diversion between the two bottoms and we got a higher low around 10:08 i just got out with a profit. as for the noise- I DID NOT CARE ABOUT IT- i had my stop above at 67.5 and each time we got a new pivot high i lowered my stop one tick above.
Hope that helps.
Traderbeauty-Jane
 
http://i.imgur.com/2h1r4ey.jpg

ok so here is my opinion regarding the renko spectrum - old vs new.
first- i want to make sure that i am referring to the right new one- according to what i see - its name is Rjay Renkospectrum 2.0 PSSC - so please let me know if that is the new one .
I checked and compared them both and i am favoring the old one. its smoother and easier to the eye.
As per bars which is the most important fact for me - meaning red or green - they are THE SAME, meaning - you have the same bar color on both and this is - at least for me the most important thing. if i am long i will trail my stop using the renko- it works great on the ES at least and there is not reason to exit unless there is a red renko spectrum bar.
But here is the SECOND most important issue for everyone that is using the navi signals- THE NEW RENKO SPECTRUM IS FIRING MORE SIGNALS AND MOST OF THEM ARE LOSERS with not justification.
So bottom line- stick to the old renko spectrum- its very good and it aint broken lol so dont fix it.
Hope that helps.
Traderbeauty-Jane

Hi everybody,
I created a chart template with your indications, in order to semplify the setting work to everybody...
I added only: RTH session pivots, current and prior days OHLC and grey background (to relax eyes :-))
 
I post a screenshot and download links (for template and used indicators)...
Do not give importance to hours in the graph (here is GMT+1 then -6h from NYC)... Here I put in data series => session template => instrument setting default so in USA you don't have to change session template, but don't worry if OHLC and Pivots here are not correct...
 
 
http://i62.tinypic.com/2cr6afb.jpg
 
Here you go!
http://www.s€€€€€ndspa@@@@ce.c0000m/file/a51uyi

http://i60.tinypic.com/o7kck0.jpg

Let's use this thread to post our setups using NaviTrend as the primary input. I want to thank Traderbeauty for opening my eyes to the power of this "indicator" even though we use it a bit differently.
 
Here are my rules for entries on ES. I do trade other instruments but they can move very fast and then getting a fill becomes a challenge. I hope to create an autotrader for this setup when my coder returns from his honeymoon. Until then, I trade it manually.
 
1) Use RJRS 2-1 and the NT default Keltner channel indicator.
 
2) Only take 2 trades in the same direction before a change in direction. ES has a tendency to back and fill and taking more than 2 trades is a stretch.
 
3) Only take Limit or Stop Limit orders. No market orders--you always give up $12.50 in slippage.
 
4) Only take a trade if the 50 SMA confirms the trend and avoid the trade is the 50 is flat. I use the RightLine 50 for this. Red short, green long.
 
5) If the price has moved more than 13 points from the bottom or top use caution in taking the trade as price might be extended. Unfortunately, this calls for discretion.
 
6) Avoid short leg retracements less than 4 ticks.
 
7) Don't front run the painting of NaviTrend triangle unless you know exactly where it will print. Premature entries will get your fingers burned. However, with experience you can trade COBC=False but COBC=True is safer.
 
8) Go all in and all out. In the long term this will be more profitable than scaling and trailing. I take 4 ticks and close the trade. Better to do this and add more contracts as your account grows.
 
9) Don't be a friggin hog. Set reasonable daily profit/loss goals and then STOP FOR THE DAY.
 
 
Happy Muthers Day to all you Muthers.

very simple-
renko spectrum will take out most of the noise so if you look at a chart using r-s you will see some continuity in most of the time.
So all you have to do is just count the amount of bars ( renko s ) and do not take a signal unless you had at least a certain amount of bars same color.
For example- in the ES using renko spectrum 2-1 i will not take a trade unless the leg is made out of at least 6 or more bars, this will make sure that if you enter a chop or sideways area you will not get hurt.
Going to post some examples in the new thread- navi trades in a few so take a look there soon.

Dear Friends and traders.
 
Normally I dont do a long term forecast but this is a very unique situation specifically since the market is now in an unknown territory.
 
I forecast the ES to reach 1909.50 and then go down to at least 1817.50 .
 
Again - I am not forecasting a reversal ; just a retracement and we can take an advantage of this.
 
If you are a newbie then please do that only in your sim -DO NOT PLAY WITH REAL MONEY EVEN IF THE Temptation AND GREED IS HIGH.
 
For those of you that trade live I suggest to wait till you see a down zigzag and then just trail it.
 
Please note that these are daily ( 360 min ) levels ;very long terms so they might be skewed by few points; on top of that the market has a nasty habit of trying to trick everybody.
 
Last fact is that this is just an assumption based on fib analysis and since this is a live market nothing is for sure.
 
Just wanted to share the info with you.
 
Take care and who knows maybe by tomorrow 8:30 report we might get there.
 
Traderbeauty-Jane

@ Spectral_Analyst
@pikachu
First of all close your NT. Open a windows explorer or any more civilized file manager like TotalCommander. Go into the following folder:
c:\Users\<YOU>\Documents\NinjaTrader 7\bin\Custom\
Sort the files by names. Check to see if there exist any files with the name starting from: Final.MarketBalance*.* (.dll or .cs) or Final.TPOChart4*.* (.dll or .cs)
and delete all of this files. Then unpack 2 files from archive which I uploaded giving a right password and copy those files:
Final.MarketBalance.dll
Final.TPOChart4.dll
into the same folder as above (c:\Users\<YOU>\Documents\NinjaTrader 7\bin\Custom\)
Run your NT, create a chart and add an indicator:
" TPO and Volume Profile Chart (v4)" or
" MarketBalance"
Pay attention on the space char on begining of names. Indicators should be on the begining of the list of indicators.
Simpler I can't explain and I won't try...sorry

Here it is...
 
http://www.2shared.com/file/PP7W4a4n/Click4Pips.html
 
All versions, incl. decompiled files and pdf-manuals.
 
Enjoy :)

i made an EA based on it and it killed the account pronto quicko.

OBEL v1.00 + OBEL engine v1.00
 
Here goes the first public version of OBEL (Options break-even levels).
 
I separated it into two parts: an expert advisor "OBEL-engine" and an indicator "OBEL". The reason being, compared to the scripts and expert advisors the MT4 indicators are not multi-threaded. Instead, they all run in the same thread as the main program. This is quite dangerous as every computing-intense piece of code can virtually freeze the whole Metatrader. Now, even though the whole downloading/processing/saving cycle takes less than 10 seconds per instrument even those few seconds may be crucial if you just at that moment want to close a position, let alone a rare case when due to some kind of timeout (harddisk, network, remote CME server) the program would hang for a longer period or even indefinitely. Therefore I've made this part of the code in the form of expert advisor to stay safe. So what you need to do is simply to attach the EA to any chart, no matter of what symbol.
 
 
OBEL-engine
 
 
Description
 
OBEL-engine is an MT4 expert that at given interval periodically downloads and processes CME Options settlement data from the following web pages:
 
http://www.cmegroup.com/trading/fx/g10/australian-dollar_quotes_settlements_options.html
http://www.cmegroup.com/trading/fx/g10/british-pound_quotes_settlements_options.html
http://www.cmegroup.com/trading/fx/g10/canadian-dollar_quotes_settlements_options.html
http://www.cmegroup.com/trading/fx/g10/euro-fx_quotes_settlements_options.html
http://www.cmegroup.com/trading/fx/g10/japanese-yen_quotes_settlements_options.html
http://www.cmegroup.com/trading/fx/g10/swiss-franc_quotes_settlements_options.html
 
The Options data is downloaded for the most recent trading day and the nearest month expiry, and if they differ also for the nearest quarter-month expiry. Within the processing the data is unified to the format CME maintains in the respective daily bulletin PDFs, then the break-even points are calculated (for an explanation see post #820), converted to the FX format if necessary (i.e. JPYUSD -> USDJPY) and finally stored locally as CSV. The filename convention is OBEL_symbol_date.csv (i.e. OBEL_EURUSD_2012.10.24.csv).
 
When the new data is downloaded, it is first compared to the previously gathered data and processed only if the data seems to differ. Due to the fact that CME web pages are dynamically generated it may happen that the webpage differs in the HTML code although the actual Options data does not differ. That's why there is a second level verification after the data is processed and when it turns out the data doesn't really differ the locally stored CSV files are not overwritten. Hence the log message "Possible new data gathered" followed by "No new data found".
 
OBEL-engine is quite talkative during its work, all its messages can be found in the experts log. Optionally the verbosity can be increased by enabling the GetHTML logging. Also, all the log messages can be completely turned off by another option.
 
At the first sight it may seem unreasonable to download the web pages repeatedly throughout the day as the Options settlement data is supposed to be published only once a day, but in fact according to the CME the data is published and republished repeatedly (preliminary version, final version) so instead of handling the timezones in order to determine what time of your local computer corresponds to the CST times I just let it do the downloading continuously to make sure that I have always the most recent data. In you are concerned about the amount of Internet traffic you can enable the GetHTMLverbose parameter and see how much data is actually downloaded in every cycle and adjust the RefreshEveryXminutes parameter to your needs.
 
Parameters
 
RefreshEveryXminutes (15) - the interval to download web pages (applies only when the whole process finishes with success; in case of any kind of error the process is repeated in 5 minutes).
GetHTMLverbose (false) - the option to show messages related to the downloading.
Silent (false) - the option to turn off all messages.
 
 
OBEL
 
 
Description
 
OBEL is an MT4 indicator that periodically reads the local CSV files and draws the lines according to its settings. You can choose whether to draw the break-even lines for the nearest month expiry, or the q-month expiry, or both. You can have lines of up to 5 different thicknesses and for each thickness you can set a different color, all that separately for Call type and Put type of lines. You can choose whether the selected colors will get their intensity adjusted based on the ratio of given OI compared to the maximum OI found and this intensity adjustment can be based on either linear or logarithmic function.
 
When determining what thickness and color should a level be drawn with, the first highest matching criteria will be used. For example, if MinOIforWidth1=300, MinOIforWidth2=1000 and MinOIforWidth3=2000, and given level has OI 1900, the Width2 parameters will be used.
 
Furthermore, you can choose whether or not to show the text description for each line and what this description should include. Also, you can choose whether the lines will be drawn on the background (beneath the chart candles) or foreground.
 
Last, but not least, you can choose whether you want the indicator to redraw the lines every time it checks the file, or only once it detects a new data. This can be useful if you for example want to temporarily move or even delete some line(s) just for a little while until the next file-check (RedrawOnlyWhenNewData is disabled), or for as long as no new data is found (RedrawOnlyWhenNewData is enabled).
 
Parameters (except the self-explanatory ones)
 
VariableColorsAdjust (1) - if UseVariableColors is enabled, this parameter determines the curve used for the color intensity calculation. Minimum value is 0.001 which results in a linear function where the intensity of a color is linearly proportional to the ratio of given OI to the max OI. Higher the value is, more the function becomes logarithmic so that even low OI lines will be visible.
RefreshEveryXminutes (5) - the interval to check the file for a possibly new data (applies only when the whole process finishes with success and the data found - regardless whether new or old - is relevant; in case the file does not exist or the data is not in the correct format the process is repeated in 1 minutes).
 
 
Download link:
http://mir.cr/WLANRJW0
http://www.directmirror.com/files/OPPR02QR

Russ Horn's got his latest promo out for his new system. He is giving away two trading systems for free to anyone. I really like the fibovector indicator. Since Friday I nailed 14 straight trades in a row on the Euro and the Yen using the M5 chart Didn't know what forum to stick this link so I put it in here, LOL so here it is: tinyurlDOTcom/fibovector

you can't call a script with mql
but there are already EAs that are working with (trend)lines
try google
one of them is something like OrdereaLine...could be from forex-tsd
don't know whether it's only working with horizontal lines or trendlines also
The code of your basket script would have to built into the EA