REQ: eministrategies

[Traderbeauty]

I see both strategies now ( had to change my license from direct to sim ) - i added the reversion one, changed it to backtest but nothing is showing.

PLEASE HELP.

p.s- i like it a lot- the main problem is that we always go against the market- this is ok on a normal day but can be dangerous on a one direction day like yeterday- so if you did go long yesterday make sure you only take the signals that you get on a fib extension level.

Jane

[yamantaka]

Jane, please try to post images on how you would trade this strategy with any overlays of your own stuff to make the decision. Most of the feedback on this is negative but perhaps you can make it different. I'll know for sure if you use for your own account. :)

[misalto]

I think reversion needs the atr as filter to trade on lower lows and sell the lower high in a downtrend (mirror rules for uptrend) .

Secondly; the bar limit its a must meaning that it shoud hold the trigger until a bar matches the signal direction .

Right now it takes trades in front of the train of course its gambling you know when this algos push in a trend theres no way to stop them ,better to trade along them even if its countertrending of course market always pullsback trade the pullbacks on a 38 fib 618 etc..

[tradernate]

Hi Jane, could you please share this version the one I have is not the same. I guess I am missing the mommenyum paintbars....in that nothing is printing the colors...Found out the problem...it was me....was not using proper bar type....Thank You-Nate

 

definitely not junk and i am very critic with indicators- you just have to filter and watch do u have h-h h-l or l-h and l-l

 

http://i.imgur.com/8pbylFk.jpg

jane

Edited April 5, 2014 by tradernate

[Traderbeauty]

Hi Nate- DO NOT use their painting its way too late and no need to.

Yamantaka- i really like this reversion- need to look some more- but basically it just supporting me in taking action in certain levels and locations.

I just grabbed a part of friday and it caught the big reversal , as you can see by the arrows - the emini is giving us thumb up and get ready but then we wait for a fib level and almost all of them are winners- see 2nd arrow- ( u dont take the first one- no fib ) see the 3rd one- its a previous resistance- great entry.

see arrow 4 - perfect.

the 5 is not but last one is perfect :

hope it helps

traderbeauty-Jane

http://i.imgur.com/hVT3kOF.jpg

http://i.imgur.com/hVT3kOF.jpg

[⭐ santoshv2k]

Hi Jane, the fibo retrace/extension plotted on your chart is auto plotted or you manually do it.

Thanks

[Traderbeauty]

Manually- DO NOT EVER use any of these auto fib programs- there are many situations where they miss the highs or lows.

It take few seconds to plot fib using F8 or symmetry using F9 so why would you use automation ?

no need for.

Jane

[wizard101]

The overbought extreme area of what appears to be a 3rd wave with w4 "corrective" in a higher time frame was met as per a previous projected area from Daily as having been a key retracement area from key support at the daily lows which had also been a key tested area on cash s&p500 (also ofcourse on ES)..... We are now presented with a good possibility of getting some good support as shown with some fibo clustering and also running into a previous demand area and also potential trendline support as well....

I have found the MT4 Auto Fib analyzer as unmatched and does do a very good job imho in its projections from major high/lows especially in confluent "cluster" projections....I also have the Murrey levels overlaid in multiple time frames to draw even higher probability fractal inflection points....

 

Just my 2 cents

Good trading to all !

http://charts.dacharts.net/2014-04-06/mw-S&P%20Cash-Daily.png

[wizard101]

http://charts.dacharts.net/2014-04-06/mw-S&P%20Cash-Daily%201.png

[wizard101]

http://charts.dacharts.net/2014-04-06/mw-S&P%20Cash%2060m.png

[wizard101]

http://charts.dacharts.net/2014-04-06/mw-S&P%20Cash%2060-ch1.png

[wizard101]

http://charts.dacharts.net/2014-04-06/mw-S&P%2060m-ch2.png

[LisaAkira]

Pretty and colorful, but hurts my eyes! :-O

 

 

http://charts.dacharts.net/2014-04-06/mw-S&P%20Cash%2060-ch1.png

[wizard101]

Sure there are many lines Lisa and this type of analysis is not meant to look aesthetically pleasing to the eye lol but a leading approach in order to attempt to zone out high probability "turn" areas from a potential cluster or major fibo level taken off a major range especially in the higher time frames. The Murrey levels are not necessary but I like to look for where price is relative to the extreme "overbought/sold" areas because often enough there is a high probability of buying/selling coming out of these areas and also presented with a "potential" key word here is "potential" roadmap out into the future....

 

Sorry about the confusion !

[wizard101]

Harmonic X-abcd 5 point wave patterns example gartleys, bat patterns (preferred due to the inherent extended legs) presented at Murrey Extreme oversold/bought areas are also very high probability "turn areas" and these patterns have been tested over a large statistical population going back a very long time. The key ofcourse is to then determine the risk/reward arriving from these "potential reversal zones" which is of utmost importance.......

 

cheers !

[Traderbeauty]

I believe that the market will continue up from here - at least friday it was showing an upward reversal toward the close -

my prediction is that as long as the 1856 low is not broken we will reach 1915.75 ( could be plus few ticks but no more ) and from there you should see at least 90 ES points to the downside.

Traderbeauty-Jane

[⭐ santoshv2k]

Attractive but so many auto thing, anyway which indicator is this.......

Thanks

 

http://charts.dacharts.net/2014-04-06/mw-S&P%2060m-ch2.png

[⭐ santoshv2k]

Thank Jane, I got about fibo now but here you are telling "that is why i wait for the navi signal if i am not sure and if i get it at the right fib", are you talking about navi bar or navi trend, can you share a chart with navi **** , a chart would be more helpful.

Thanks

Hi Dimik

i would say all of them- i have been using fibs only to trade and there is not one certain fib that is better than the others- on a strong market 38 is good but on a weak one 78 will work better.

that is why i wait for the navi signal if i am not sure and if i get it at the right fib then i will take it otherwise i will ignore.

they say - you cant argue with numbers- so here are my live results from yesterday using fibs only and most of the time 1 lot , sometimes 2 but no more than that.

the key is you need to know where the market is heading and then follow it.

p.s- i had to hide the account numbers and names obviously- but this is live.

Take care

Traderbeauty-Jane

link /////http://i.imgur.com/UeSNzMa.png///

http://i.imgur.com/UeSNzMa.png

[Traderbeauty]

normally i wait for the triangles to appear.

once i have one i go in

sometimes when i am very sure i wait for a consolidation on a 70 tick chart and then enter.

jane

[⭐ santoshv2k]

Thanks Jane, but I am asking about 'NAVI SIGNAL', do you wait to get a signal in Market Analyzer or on chart with Navi Indi?

Santosh

[Traderbeauty]

i dont use market analyzer.

again- normally i wait for the triangles- red or green- you can call them any way you want and they are being issued by the navi trader software.

jane

[⭐ santoshv2k]

Thanks Jane, got it. I hope, it's 'Navi Trend' which plots HH & HL and LL & LH on chart. Actually, I was thinking that you were talking about any triangle pattern on chart.

santosh

 

i dont use market analyzer.

again- normally i wait for the triangles- red or green- you can call them any way you want and they are being issued by the navi trader software.

jane

[Traderbeauty]

no no-

you can just use the renko spectrum bar itself and once it breaks previous high/low that is your signal- but i like the navi-

navi is unique because it does not wait for the current bar to close BEFORE signaling so it saves me 2-3 ticks almost always ( ES of course ) - it does not repaint the triangles and its just a nice visual confirmation to do what YOU ALREADY PLANNED TO DO.

Meaning- lets say we have h-h and h-l so i look for a long, i am plotting the fibs over the last leg and i will enter ONLY at the fib levels and only if at that level i get a navi signal.

hope this help

jane

[⭐ santoshv2k]

Thanks Jane, please click the link and have a look at the chart and see if I am right now.

http://prntscr.com/38618e

 

Santosh

 

no no-

you can just use the renko spectrum bar itself and once it breaks previous high/low that is your signal- but i like the navi-

navi is unique because it does not wait for the current bar to close BEFORE signaling so it saves me 2-3 ticks almost always ( ES of course ) - it does not repaint the triangles and its just a nice visual confirmation to do what YOU ALREADY PLANNED TO DO.

Meaning- lets say we have h-h and h-l so i look for a long, i am plotting the fibs over the last leg and i will enter ONLY at the fib levels and only if at that level i get a navi signal.

hope this help

jane

[Traderbeauty]

santosh

yes- i am using navitrend and navibars.

for entries i use renko spectrum 2-1 and not 20-10 - ; i think working with such long time frames is hazardous and not so predictable like the smaller legs 4-1 or 8-2.

in your example i would have gone long - true- but a ittle earlier- right on the 61.8 when it made that little divegence of 1 tick, if not - lets say i missed it- then once you get a green bar you can enter long.

jane