Author Topic: elgaza method  (Read 49236 times)

Offline Sojourner

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elgaza method
« on: March 12, 2014, 11:49:04 AM »
This is the thread.

Offline Sojourner

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Re: elgaza method
« Reply #1 on: March 12, 2014, 11:51:25 AM »
elgaza


01-07-2014, 09:15 AM elgaza
sure here it is http://www.s3ndspace.com/file/nmusa7
pay attention to the navitrend it's not a repainting indicator and therefore I did not see any other indicators out there that gives me better
signals than this one, I put it on a 6 ticks and 2 tick RJay's renko I have almost %100 success with this

01-07-2014, 10:51 AM yamantaka
Can you please explain your setup?

01-07-2014, 11:06 AM elgaza
as I said I have my 6ticks Rjay's renko and 2ticks as well with this indicator on both
when I get a signal on the 6ticks I will only take the same signals on the 2ticks
so if I get a triangle on top of the price showing a reversal, I will only take short when I get a triangle on top of the price on the 2ticks
and use the high of the bar on the 6ticks as my pivot meaning if it breaks it up against me than it's a very good sign to go long instead
basically this is the way I determine my trend


01-07-2014, 12:03 PMlipe.fx
hi there,
possible would you share an image to show an example?
thank you

01-07-2014, 12:24 PMAndyS
As my friend used to say:
" A picture is worth a thousand ticks'"
Thanks
Andy

01-07-2014, 05:38 PMrajafx1
Ok, is the indicator good in trading

01-07-2014, 05:48 PMmisalto
open my documents ,ninjatrader , bin ,custom folder and past it there ,close ninja and restart

01-07-2014, 08:41 PMelgaza
no scam, I'm not a sales man nor do I have anything to gain by that so don't be silly, I made 6.75 point with it yesterday with ES
and 5 point today, now what I meant with %100, I did not mean that every trade will be %100, THERE IS NO SUCH INDICATOR out there that will give you such results since the market is driven by 4 elements: supply, demand, fear and greed, if it was only supply and demand you would have your holy grail indicator out there, but no indicator could measure fear and greed
what I meant is I don't have a LOOSING DAY I have %100 wining days, sure I have loosing trades and I keep them with a small loss
but in general I make money with this indicator
hope that clears it up
and most important point guys, the most important thing in trading is not the indicator but your strategy
even if an indicator will not give you the best results, but with a good strategy you'd make more than lose, maybe not with so many opportunities
but a good strategy is more important than a good indicator.
good luck to you all

01-07-2014, 10:15 PMJeck
Hi elgaza,

Do you have the indicator called NaviBar stops ?

01-07-2014, 10:21 PMelgaza
no I don't and as a matter of fact it's the first time I hear about it
where can I see it?


01-08-2014, 01:03 AM wizard101
elagaza would much appreciate a screenshot with some setups combining both chart time frames.....much appreciated, thanks !

01-08-2014, 01:22 AMelgaza
this is my 6ticks chart my 2 ticks looks exactly the same

 
I usually take about a point to 2 point per trade and waiting for the next signal
this way it's safe, but my friends the trick is to have a lot of patience and discipline
it works very well for me cause the signals don't repaint and on the 6ticks chart it's almost always easy to scalp a point to 2 points on a move where
you get a signal
that's all it is, but I do have other things that I pay attention to as well


Originally Posted by Wanderer  View Post
If you share Trade Finder someone may provide a template. Just saying.

W
Dont have it. :(

01-08-2014, 07:01 AM Wanderer
Quote:
Originally Posted by MidnightPresident  View Post
how to set up trade finder?
http://www.navitrader.com/flash/training/trendicators/tradefinder_launch_and_configuration/trade_finder_launching_and_configuration.htm

01-08-2014, 10:30 AM elgaza
Hey Wanderer here is the package
http://www.sendspace.com/file/hdtqwi
but the NaviTrend gives better signals, one bar before the flash does, you can check and see

01-08-2014, 10:40 AM elgaza
Hey guys, I’d like to start something different here, this site has helped all of us so much to better our odds in the market, but we all did our own analysis and testing, why not harness our effort together and try to really get the best out there together, I mean for example, I’ve stated that the NaviTrend indicator gives the best signals so far from any indicator that I’ve seen so far, what I’d like from all of us is to put our knowledge and if anyone knows a better indicator out there that give better signals, I would love to see this indicator being challenge this way we can all get somewhere together with the best of what is there to offer, the only rules I’d like to say that the indicator should have are:
NO REPAINTING
NOT PLOTTING AFTER FEW BARS (the most is at bar close)
FITS ANY TYPE OF BAR CHART
If any of you know of a better indicator that gives better signals than the NaviTrend we all like to hear about it and your experience, this way we can all benefit here working together
The next thing and more important I’d like to see here is the best strategy that works for you
Good luck to you all

01-08-2014, 11:29 AM yamantaka
Quote:
Originally Posted by elgaza  View Post
this is my 6ticks chart my 2 ticks looks exactly the same
http://www.sendspace.com/file/ndwotk
I usually take about a point to 2 point per trade and waiting for the next signal
this way it's safe, but my friends the trick is to have a lot of patience and discipline
it works very well for me cause the signals don't repaint and on the 6ticks chart it's almost always easy to scalp a point to 2 points on a move where
you get a signal
that's all it is, but I do have other things that I pay attention to as well
I see a few triggers that failed. Are you fading Green at the top and Red at the bottom?

How do you decide which triangles to take?

01-08-2014, 11:40 AM elgaza
See, we just got a green triangle on the 6ticks to go short on ES at around 1834.25, that was at around 10:49am estern
at 10:54am I got a red triangle to go short on the 2ticks which I took at 1832.75 and I covered it at 1831 making a 1.75 point
now I am waiting for the next short signal that's it
01-08-2014, 12:27 PMyamantaka
Quote:
Originally Posted by elgaza  View Post
See, we just got a green triangle on the 6ticks to go short on ES at around 1834.25, that was at around 10:49am estern
at 10:54am I got a red triangle to go short on the 2ticks which I took at 1832.75 and I covered it at 1831 making a 1.75 point
now I am waiting for the next short signal that's it
Help me understand this, please.

On the 6 tick, you had green HH triangle. You're saying that's short signal? And then you had red LH triangle on the 2 tick and it's short. Is there tutorial on which tringles--red or green--are short or long? It's a bit confusing to say a green triangle is a short.
01-08-2014, 12:33 PMelgaza
Green triangle means it's a higher high and there for the trend is up indeed but never the less when you get a signal you will most of the time get a reversal as well and that's what I'm looking for, the reversal does not mean a trend reversal, so I'm looking to scalp the reversal get it?
01-08-2014, 12:56 PMelgaza
I made a picture for you to show the trades I took today
http://www.sendspace.com/file/vczjeo
1st trade made a point
2nd trade made 2.5 points
3rd broke even there
that's it so far for today
01-08-2014, 01:11 PMelishar
Looks like you found/made a system that works for you. Very good! :)
01-08-2014, 01:14 PMBoyevaya
Exactly it's a method that works for you. There is no automated signal ****. You are relying on your price action reading abilities and management
01-08-2014, 01:16 PMelgaza
Hi elishar, like I said in previous comments I did not find any indicator out there that gives me better signals as this one
and as for the strategy, nothing is new here, most people out there use this strategy, the difference here is that we get the signal at the top and bottom of the trend, other will get in the trade like few bars after and it works
01-08-2014, 01:40 PMelishar
How long/since when are you trading this system in this combination, elgaza?
01-08-2014, 01:48 PMelgaza
a few months now
« Last Edit: March 17, 2014, 08:19:45 AM by Sojourner »

Offline Sojourner

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Re: elgaza method
« Reply #2 on: March 12, 2014, 11:53:21 AM »
elishar
So you have now collected enough statistical sample size to see if this method is robust. Congrats!
01-08-2014, 01:58 PMyamantaka
Quote:
Originally Posted by elgaza  View Post
Green triangle means it's a higher high and there for the trend is up indeed but never the less when you get a signal you will most of the time get a reversal as well and that's what I'm looking for, the reversal does not mean a trend reversal, so I'm looking to scalp the reversal get it?
I get it.

How do you discern when triangle might just be very short pivot that doesn't give enough of a reversal for a scalp?
01-08-2014, 02:09 PMelgaza
let me tell you something elishar, I've watched a lot of webinars and most of them say the very same thing, you got to go with the trend, the only question is how do you define the trend, so there are many ways and indicators out there that will do the job and your jobs is to find those points to enter a trade with the trend, since this gives me top and bottom on the very tip of the chart I have enough room to make a scalp so it works fine, the biggest enemy is us, the hardest thing to work on is the mentality not the signals and indicators that's the easy part
01-08-2014, 02:13 PMelgaza
for that I have other charts on the screen that shows me big clusters and points where you'd need a lot of money going in to break a point this is what it looks like, it also shows me where to get out from a trade most of the time
here is a picture of the other screen taken right now this very moment
http://www.sendspace.com/file/tlgi6c
01-08-2014, 02:19 PMelishar
That is 100% true, go with trend and we ourself are our biggest enemys in trading. :)
A lot of systems generate good profits when there is trend. Problem is in phases of chop, most lose in this time more than earned before in trending moves. There are probably hundreds of indicators out there for trend, but not one good which shows you chop...
01-08-2014, 02:24 PMelgaza
very true, in a choppy market I try to stay away or scalp few ticks here and there and you can see that with the Navibars
it draws a gold frame around the bar showing you there's a lot of going on on that bar, also at the end of a trend I get that bar showing me before the end that the trend is about to end
01-08-2014, 02:31 PMelgaza
by the way we have been in a choppy market since 11am easter time and as you see there were trades to be made
01-08-2014, 02:33 PMelishar
This is a good combination with looking at clusters of a lot of volume, from what I have seen watching ES there is almost always a reaction of at least a couple of ticks.
01-08-2014, 02:36 PMelgaza
as all the professional out there say and it's very true, that volume precedes price movement, I see this every day
01-08-2014, 02:36 PMyamantaka
Quote:
Originally Posted by elgaza  View Post
for that I have other charts on the screen that shows me big clusters and points where you'd need a lot of money going in to break a point this is what it looks like, it also shows me where to get out from a trade most of the time
here is a picture of the other screen taken right now this very moment
http://www.sendspace.com/file/tlgi6c
IN that chart where was the stop and target?

Can you provide template for that chart please?
01-08-2014, 02:37 PMelishar
Yep, follow the footprints of the big money.
01-08-2014, 02:41 PMelgaza
ya but still only with the trend cause even they make mistakes as you see on the ladder
here just took another short on ES on 1831, on choppy days like that I scalp for a point each time no more, it's enough and it adds up to a lot wish me luck
01-08-2014, 02:56 PMstocktrader78
There is a n@vitr@der webinar today @ 4:15 EST, if some is interested how the system works
   
01-08-2014, 02:58 PMelishar
What stop size are u usual using in ES?
01-08-2014, 03:01 PMelgaza
when I get a triangle the top or bottom of that bar is my stop plus one tick away from it, this should be a good point for a stop loss
01-08-2014, 03:14 PMelgaza
I've noticed that the Navitrend uses Keltner's channel so it gives me a good prediction as to where the next triangle will show up
and also where I should expect price to go to like right now the price should go down to 1828.25 on the ES and there it may have a reversal up if it continues to go down as it does
here is what I mean
http://www.sendspace.com/file/d2ng79
01-08-2014, 03:24 PMalazif
Hello.

Elgaza, could you share template and indicators with us in order to see like you see?

Thank you very much in advance.
01-08-2014, 03:35 PMelgaza
raised my profit target to 1826.5 and got out with 4.5 points
so you see this works, it's a game of probability and numbers not gambling and analyzing, but you do need a lot of patience to go with it, have a look

http://www.sendspace.com/file/lci59r
01-08-2014, 03:36 PMelishar
Very nice trade! =D>
01-08-2014, 03:38 PMelgaza
thanks, good luck to you too elishar
01-08-2014, 03:43 PMelgaza
so this is my desktop the 3 chart that I look at, that's enough to make a smart decision
http://www.sendspace.com/file/tzggdk
01-08-2014, 04:23 PMexp48967
What is this indi:

http://i44.tinypic.com/1zxqmpx.jpg

can you share it?


thanks
01-08-2014, 05:34 PMelgaza
You already have that in you NT7, it's WoodiesCCI, I have 2 of them basically one on top of the other the only difference is that the other one I change the CCI from 14 to 52 and chose yellow color to get a bigger look at the trend
good luck there
01-08-2014, 08:22 PMshickman
Thanks Elgaza for the tips

Just to let you know, I'm using this system as well and today I made 6-points with 5 trades.
I also use the GOM MP to provide me the Value area High & Low as well the POC.

Many thanks...
01-08-2014, 08:29 PMshickman
Excellent...

Elgaza, please share more info if you can...
I like the system and it's working...

Also everyone else as Elgaza stated we need to gain from each other's knowledge.
If anyone have more info please post it.:)
01-08-2014, 08:49 PMelgaza
thank you so much shickman, we need more people like you here
01-08-2014, 08:52 PMshickman
U R Welcome...

Cheers...
01-09-2014, 12:02 AMMidnightPresident
Just found and dont know how to use it :">

http://XXX.4shared.com/rar/J4soc6EGce/NaviTrader.html?
01-09-2014, 01:46 AMchonpz
Quote:
Originally Posted by elgaza  View Post
You already have that in you NT7, it's WoodiesCCI, I have 2 of them basically one on top of the other the only difference is that the other one I change the CCI from 14 to 52 and chose yellow color to get a bigger look at the trend
good luck there
U r awesome elgaza.....tks a bunch...btw what is the name of the MP indicator u are using on your renkohybrid charts
01-09-2014, 06:10 AMdanemo
Hello, very interesting. Anybody could share renko hybrid educated? I don´t find a link that works. Thank you
01-09-2014, 06:28 AMelgaza
I'll share with you later on today don't worry, just got to go now for a while
01-09-2014, 06:56 AMStefco
Here's yesterday's webinar about the N@vitr@der System.. thanks to stocktrader78 post#53.. for anyone who has not seen it. Seems like the date has been brought forward so you'll be the first to see it!
http://www.youtube.c0m/watch?v=zhH-T0lqVEA
01-09-2014, 07:57 AMyamantaka
Quote:
Originally Posted by Stefco  View Post
Here's yesterday's webinar about the N@vitr@der System.. thanks to stocktrader78 post#53.. for anyone who has not seen it. Seems like the date has been brought forward so you'll be the first to see it!
http://www.youtube.c0m/watch?v=zhH-T0lqVEA
The video is a year old.
01-09-2014, 08:10 AMStefco
OOps sorry.. guess I'll have to wait for the webinar on youtube
01-09-2014, 08:49 AMyamantaka
I notice the triangles print after 3 more bars form, not on the close of the triangle bar. Sort of a phantom repaint. I'm a bit disappointed.
01-09-2014, 08:53 AMelgaza
yamantaka it's not correct if you are using a renko bar chart than sometime when the momentum is fast it prints the bar fast so you'd think it's few bars after but it's not it prints it at the end of the bar
I've used it for a while now and know what I'm saying just pay attention
you could try it on a minute chart to see, so you don't have to wait so long to test
01-09-2014, 08:56 AMyamantaka
Quote:
Originally Posted by elgaza  View Post
yamantaka it's not correct if you are using a renko bar chart than sometime when the momentum is fast it prints the bar fast so you'd think it's few bars after but it's not it prints it at the end of the bar
Well what I witnessed just happened and things are slow. I'll keep watching. Maybe my eyes are deceiving me.

I'm using 6/2 and 2/1 RenkoSpectrum. Do they print phantom bars?
01-09-2014, 08:57 AMelgaza
one more important point is you got to set the "Calculate on bar close" to False
01-09-2014, 09:15 AMyamantaka
Quote:
Originally Posted by elgaza  View Post
one more important point is you got to set the "Calculate on bar close" to False
Are the other parameters default or different? If different, please post image.
01-09-2014, 09:15 AMStefco
Hi elgaza.. you have an interesting 1 tick point and figure chart which also shows the order flow in your setup.. would appreciate if you could show how you configure it.

Offline Sojourner

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Re: elgaza method
« Reply #3 on: March 12, 2014, 11:54:19 AM »
elgaza
I use VolumeLadderMetroEdition set to: Type=tick, Box size=1, Reversal=6
I also show the histogram as shown the left one is today and the right one is a 5 day histogram so I get a week long of points to look for
I also filter all the action in the buy and sale as you see, I only want to see when the institution are coming in place the rest is not important to me
as you ca see it's very easy to see the clusters, pivots and sensitive points in the market in this way, well it works for me
Here is the indicator and the template to go with, copy the indicator to C:\Users\%Username%\Documents\NinjaTrader 7\bin\Custom\Indicator
and compile it, and the template you need to place in C:\Users\%Username%\Documents\NinjaTrader 7\templates\Chart
open a new chart with point and figure chart with the above settings and load the template
I also use the Gomi to record the data so I can always see the data when I open the chart
Enjoy and good luck to you all

http://www.sendspace.com/file/k2kdim

by the way guys when you post a link to sendspace or youtube you don't really need to change any of the spelling it's just when you post the name of a vendor or the package name, then you'd have to change something cause this is what they are looking for not a link to sendspace which there are thousands of them out there
01-09-2014, 09:36 AMelgaza
I don't use the spectrum bar type but the RenkoHybrid type this is the good one to use with
01-09-2014, 09:39 AMelgaza
here is a snapshot from now showing there are no institution coming in and therefore choppy market
no prints on the ladder
http://www.sendspace.com/file/etf5qu
01-09-2014, 09:41 AMyamantaka
I just saw it put a triangle on a bar that had 2 bars past it. It formed the triangle while the 2nd bar was still open. The bar immediately after the triangle bar was closed. I was looking at a 1 minute chart with COBC=False.
01-09-2014, 09:50 AMelgaza
Just got a red triangle at the end of the bar on the 2tick chart so I don't know what's going on there with your chart
01-09-2014, 09:54 AMelgaza
yup got another one on the 2tick chart at the bottom ad DB orange triangle so like I said it paints the signal at the end of the bar, sorry Yamantaka it works perfectly with my chart, you might want to see what else you have on your chart that may delay your painting of the bar
01-09-2014, 09:57 AMtryitagainmf
Quote:
Originally Posted by elgaza  View Post
here is a snapshot from now showing there are no institution coming in and therefore choppy market
no prints on the ladder
http://www.sendspace.com/file/etf5qu
elgaza...many thanks for your efforts here.

What is it in the MetroVolumeLadder that specifically tells you "...there are no institution coming in..."?

In other words what would it show if there was an institutional order flowing in?

Thanks! Cheers!

Mick
01-09-2014, 10:02 AMelgaza
Hey Mick, you got to understand how the market moves, the old saying is "Volume precedes price" and the only one who could really move the market are the institutions, and when they go into the market they don't buy 10 contracts, they buy by the hundreds or thousands, if I don't see print of hundreds lots coming in than I know the institutions are "sleeping" for now, or they may be in different markets at the moments, as I'm writing this, I;m getting the very first print now of 400 lots that came in, maybe now the ES will start to move
and as you could see we have a choppy market hardly moves
01-09-2014, 10:04 AMyamantaka
Quote:
Originally Posted by elgaza  View Post
yup got another one on the 2tick chart at the bottom ad DB orange triangle so like I said it paints the signal at the end of the bar, sorry Yamantaka it works perfectly with my chart, you might want to see what else you have on your chart that may delay your painting of the bar
Perhaps the issue lies in my charts. I'd be interested in hearing from others if they experience what I'm seeing.
01-09-2014, 10:06 AMelgaza
I just got another triangle at the end of the bar on top of 1537.5 and the next bar is still forming
01-09-2014, 10:11 AMelgaza
See what I mean Mick the institution are coming in and the market moves, the first print that I got was shorting 400 lots at 1835.5 I took a short with them right there and I'm still in this short getting out at 1832.5 for a 3 points cause 1832.25 is point of control for today and for the last 5 days it should go up from there
01-09-2014, 10:15 AMminch
...................
01-09-2014, 10:17 AMelgaza
Hi minch, do you mean while it's on that bar or after even on later bars?
01-09-2014, 10:21 AMminch
.......................
01-09-2014, 10:24 AMelgaza
OK, so I did not look into the code and I wouldn't cause I wouldn't understand it anyway, but I have watched it for a long time now, and what I have noticed is that if you don't set it to false then you might lose signals sometime or it will come on a couple bars later, never the less even when set to false, it will print the signal at the end of the bar so, that I have watched on many many days of live market and replay
01-09-2014, 10:29 AMminch
......................
01-09-2014, 10:30 AMelgaza
but you are very correct, it does use the keltner channel and I think is when it crosses the channel and then retrace back and close in the channel is when we get the signal, and thats why it doesn't make sense that it will repaint again or even plot the signal while the bar is still forming
01-09-2014, 10:46 AMelgaza
for all you guys out there, made already 6 points and shorts only cause the institutions are selling only and I'll show you why
you see they only sell and from 1835.5 the market is going to a free fall, look at the prints, 0 on the buying

http://www.sendspace.com/file/9acv8m
01-09-2014, 10:55 AMNukem
Quote:
Originally Posted by yamantaka  View Post
Perhaps the issue lies in my charts. I'd be interested in hearing from others if they experience what I'm seeing.
Yes, have same problem with triangle popping up two to three bars later. I am also using spectrum bar but am trying to get the darn RencoHybrid working to see if theres a difference. So your not the only one dealing with that situation.
01-09-2014, 10:55 AMelgaza
I think market has reached bottom as my RSI shows it has reached the 30 zone so watch for a reversal soon back to the 1830 area most likeky
01-09-2014, 11:30 AMdanemo
http://www.s3ndsp@ce.com/file/tni9fh
I have the last version RJ Renko hybrid but it´s necessary be educate and then share with us.

3=e
@=a
01-09-2014, 11:33 AMelgaza
Why did I take this trade?
look at the 6ticks and see how the RSI is under my 20 line an then look at the 2ticks and look at the RSI going up as the price is going down
as soon as the RSI was close to crossing the 50 middle line I took the trade even though I did not get a triangle on the 6ticks yet, cause I knew it will come, as it did, not sure when I will get out of this trade but will see

http://www.sendspace.com/file/9zwyws
01-09-2014, 11:36 AMelgaza
danemo here is the one I use RJ Renko hybrid

http://www.sendspace.com/file/m27a1u
01-09-2014, 12:59 PMelgaza
so I made 4 points on this trade as it shows here and the reason it went up to the 30 area as I said earlier is because if you'll notice on the ladder where the histogram shows most trading took place in the 31-33 area and the institutions needs to be able to sell to you guys again and these are the areas where they can make business so I got out before it hit this area as you can see, but by mistake I clicked buy instead of sell and made another point, he he
Look at this and you’ll understand

http://www.sendspace.com/file/pytz1j
01-09-2014, 01:36 PMthedriver
This is my OFA bars + Navitrader, but i don't know if this signals repaint

http://my.jetscreenshot.com/20438/20140109-jf9h-128kb

regards
01-09-2014, 02:16 PMelgaza
Hey thedriver you can't rely on this indicator even if it's not repainting cause you get the signal when it crosses the top or bottom lines but it does not mean that it's gonna bounce back right away, they should have plotted the dot when it crosses back to the middle not when it crosses the to top line up or bottom line down.
careful
01-09-2014, 03:59 PMBoyevaya
NaviTrend High Low is Just a 3Period Rsi. Which i pretty nice to take retracements with
01-09-2014, 04:13 PMelgaza
I wouldn't act on that alone but would look for confirmation with the RSI, or any overbought/sold indicator
how did you guys do today with this one?
I had a good day
01-10-2014, 01:53 AMelishar
Anyone else got a message from Anti Virus software for final.n@vitr@der.dll ?

Kaspersky deleted it and says it is trojan-psw.msil.rsbot.dv
01-10-2014, 03:35 AMk33
I had several malware messages with virustotal.com on different .dlls that begin with "final". I deleted them all.
01-10-2014, 03:38 AMStefco
Hi elishar .. my anti virus software ZoneAlarm detected it as high risk and deleted it as well. I tried to ignore it at first but on reboot it again deleted it. You have the ingredients of a great system, elgaza and thanks for showing us know how to trade it but now we have to get rid of this virus probem!
01-10-2014, 04:28 AMlaser1000it
My Norton-360 has detected nothing........... Virustotal scanner has found Trojan-PSW.MSIL.RSBot.dv (1 kaspersky /47 free)
01-10-2014, 05:39 AMCashManic
Quote:
Originally Posted by Jeck  View Post
Hi elgaza,

I saw it on youtube http://www.youtube.com/watch?v=4wVyTbGhUv8

Well Jeck I saw the YT Video and indeed the navi bar stop indicator looked very useful and together with the navi bars it's part of their "profit maker" system that defines key price action points (turning points)
Unfortunately the navi bar stop isn't in elgaza's dynamic link library in post#5. That indicator was included in the usual Trendicators suite in 2012 and after searching my discs, I managed to find a mid 2012 dated Navitrader demo setup file that should contain the Navi bar stop indicator, Power bars and perhaps the market analyzer.
Here is the download link of the setup file in case anybody wants to educate it for the navi bar stop indicator. etc
http://limelinx.com/vlqy

Btw here is the very latest Navitrader Ninjatrader webinar
NaviTrader - NinjaTrader Partner Presentations - 1/8/2014
http://www.youtube.com/watch?v=MZ0d8gimm-M

and in this link are rather good tutorial vids on Navitrader Trendicators and Trade Finder by Wheeler himself.
http://www.navitrader.com/index-8.html
Cheers
01-10-2014, 05:43 AMadmis
Take it easy. I have checked the version of Final.NaviTrader.dll (size: 558 080). I can't see any dangerous codes.
A lot of unnecessary garbage as usual in all "Final" products.
Cheers,
01-10-2014, 05:54 AMadmis
Quote:
Originally Posted by CashManic  View Post
Here is the download link of the setup file in case anybody wants to educate it for the navi bar stop indicator. etc
http://limelinx.com/vlqy


Cheers
This is the same what we have got educated. No navi bar stop indicator.
01-10-2014, 06:07 AMCashManic
Quote:
Originally Posted by admis  View Post
This is the same what we have got educated. No navi bar stop indicator.

Thanks admis. Arghh! Could have sworn....:-?X-(
My apologies!X_X
Btw admis are you still having problems with the hidemyass uploader?
01-10-2014, 06:29 AMtrader1968
i was asked if i had any indicators from navitrader, i am using the old one that was patched long time ago and it is still the same they use imho.
i am posting it here in case anyone wants it, i havent checked the latest from cashmanic, allthough i downloaded it, dont want to mess up my setups.

Here it is https://an0nfiles.c0m/file/59f98298c4034791f12416fa0b1f4808

0=o ;)

take care all
01-10-2014, 06:29 AMadmis
Quote:
Originally Posted by CashManic  View Post
Thanks admis. Arghh! Could have sworn....:-?X-(
My apologies!X_X
Btw admis are you still having problems with the hidemyass uploader?
Hi CashManic, Never mind.
Yes, I still can't upload anything on hidemyass. Even right now I've tried. On sendspace no problem occurs.
BTW:
I found in my archives a scanner N@viTr@derMA. Maybe it can be useful for someone. (edu of course).
http://www.sendspace.com/file/j7rt6w

pass=indo-investasi
7zip
01-10-2014, 06:43 AMadmis
oh, trader1968.
We sent our post in the same moment...;)
All seems to be the same. I've made my edu version cause I've got only setup...

btw:
Templates & sounds are attached.

Offline Sojourner

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Re: elgaza method
« Reply #4 on: March 12, 2014, 11:55:33 AM »
Stefco
Thanks admis for the scanner.. the Final.NaviTrader.dll still gets deleted as a high risk virus by my anti-virus software zonealarm even though I excluded it. So before I start ninjatrader I have to turn off my anti-virus software and replace the Final.NaviTrader.dll or maybe I have to find another anti-virus software. Any other solutions would be useful.
01-10-2014, 07:39 AMadmis
Quote:
Originally Posted by Stefco  View Post
Thanks admis for the scanner.. the Final.NaviTrader.dll still gets deleted as a high risk virus by my anti-virus software zonealarm even though I excluded it. So before I start ninjatrader I have to turn off my anti-virus software and replace the Final.NaviTrader.dll or maybe I have to find another anti-virus software. Any other solutions would be useful.
Try this file: http://www.sendspace.com/file/4lhji3
pass=indo-investasi
7zip
It's almost the same. Only a few binary differences exists.
01-10-2014, 08:00 AMStefco
Thanks admis..you are a genius.. I can hopefully evaluate this system and trade in peace!
01-10-2014, 08:03 AMelgaza
Hey, thank you so much admis for the post.
but I can't seems to find the indicator in the list, what is the name of that indicator the MA one?
01-10-2014, 08:08 AMStefco
Post#119 and #118.. carefull the Final.NaviTrader.dll seems to have a virus in it. See admis post#122 for the virus-free one
Final.NaviTraderMA.dll the Market Analyser seems OK but haven't try out yet
01-10-2014, 08:15 AMadmis
Quote:
Originally Posted by elgaza  View Post
Hey, thank you so much admis for the post.
but I can't seems to find the indicator in the list, what is the name of that indicator the MA one?
It is only for "market analyzer". Try to use templates.
Cheers,
01-10-2014, 08:17 AMelgaza
OH, thanks admis, I've open a new market analyzer and loaded a template, the column shows but all blank, am I doing something wrong
and THANK YOU SO MUCH FOR THOSE TEMPLATES this is what I was looking for.
01-10-2014, 08:21 AMadmis
Quote:
Originally Posted by Stefco  View Post
Post#119 and #118.. carefull the Final.NaviTrader.dll seems to have a virus in it. See admis post#122 for the virus-free one
Final.NaviTraderMA.dll the Market Analyser seems OK but haven't try out yet
Do not scare people! There is No virus inside!
Most of antiviruses checks for control sum or patterns. Try to use another antivirus software, like Vipre for example (older versions are better).

P.S. I can only guarantee my versions are clean.
01-10-2014, 08:23 AMadmis
Quote:
Originally Posted by elgaza  View Post
OH, thanks admis, I've open a new market analyzer and loaded a template, the column shows but all blank, am I doing something wrong
and THANK YOU SO MUCH FOR THOSE TEMPLATES this is what I was looking for.
Try to add an instrument...;)
01-10-2014, 08:34 AMelgaza
I feel so ****** right now, LOL
thank you admis
01-10-2014, 09:18 AMelgaza
Hey guys did anybody got to surf the 8:30 waves
I was able to get few points on both down and up trend, you just need to believe your system and go with it, you'd make more than you'd lose if you're persistent and discipline
01-10-2014, 10:40 AMthedriver
GM to all
the BigMO indicator (the red/green dots) don't repaint, i check it in real time, and the NaviTrendHILO is similar to RSI3 but not the same, i think so
http://my.jetscreenshot.com/20438/20140110-fpom-127kb

good indicator with the volumeflow

regards
01-10-2014, 10:48 AMelgaza
OK guys let me show you how I just made 2.75 points with 5 contracts totaling $687.5 take away commission and why I took that trade, I had the same setup like I showed yesterday
check it ou and good luck to you all

I didn't take pictures after this trade but like I said there I took a short from 1831.25 to 1829.25 for another 2 points this time with 1 contract cause it's against the trend and I don't like to risk that much when I do such things
I got the triangle to go short and got out on the first congestion bar as you can all see there

http://www.sendspace.com/file/ogfahr
01-10-2014, 11:18 AMtke1
Quote:
Originally Posted by thedriver  View Post
GM to all
the BigMO indicator (the red/green dots) don't repaint, i check it in real time, and the NaviTrendHILO is similar to RSI3 but not the same, i think so
http://my.jetscreenshot.com/20438/20140110-fpom-127kb

good indicator with the volumeflow

regards
Hi Driver,

Is the BigMO in NaviTrader or elsewhere ?
01-10-2014, 11:28 AMelgaza
OK guys you see this indicator is really good if you have a good strategy to work with made another 2points explained in this picture with this indicator
again guys I'm not just showing all this to show off, I want to be challenged here, if someone has a better indicator of strategy, than I'd like to hear this is why I started this thread, so we can all gain and work together here not just to give each other indicators

http://www.sendspace.com/file/dc6gnl
01-10-2014, 11:35 AMthedriver
Quote:
Originally Posted by tke1  View Post
Hi Driver,

Is the BigMO in NaviTrader or elsewhere ?
Yes, in the Final.NaviTrader.dll i have this indicator also
01-10-2014, 12:24 PMelgaza
OK guys here is another setup for those who wants to know how to trade with this indicator made a bit more than 2points on this one all explained in the picture
I show how I exit with one contract but I actually exited with all other 4 couple ticks above, got to pay attention to the amount of contracts you're trading if you're changing it from times to times

http://www.sendspace.com/file/1wzh58
01-10-2014, 01:21 PMelgaza
this time I made only a point and a tick got out at 1831.5 did not go where I expected so only $312.5 for this time

if anyone has some input I'd love to hear from other traders as well

guys share your strategies it's more important than any indicator out there
anyone has a good strategy to share?

http://www.sendspace.com/file/50alvs
01-10-2014, 01:39 PMakshata
elgaza

I am currently looking into your method and will provide input as well. But I have found that ( very less signals and need to be very patient ), taking same signals ( meaning if HH or 6 tick, look for HH on 2 tick too ) is something that is working ( atleast in sim )

Thanks again and will update later
01-10-2014, 01:46 PMelgaza
Hi akshata, glad that someone replies on strategy, so ya it could work what you say cause when we get a signal, no matter which one, we know that when it breaks the top of a bar on a top triangle than it's a signal for long and vice versa, but you got to look at the whole picture too not just triangles
for example right now since around 1pm eastern no institution are coming in and that's why the market is choppy, look at the 6ticks no major movements
so scalping a point here and there could work, I would wait for the RSI to reach a top or bottom to go with the trend I guess for now, until we see some big buyers and sellers coming in.
01-11-2014, 01:22 PMLisaAkira
Anyone please share RJ Renko hybrid X64?
Thanks.
01-11-2014, 01:29 PMgroman
send$pace.c0m/file/lz85lx
01-11-2014, 01:32 PMLisaAkira
@groman Thanks so much!!!
01-11-2014, 02:10 PMyamantaka
elgaza, how about managing some of my $$$?

Yours is an acquired skill (a very nice one at that) and not easily taught nor learned reading forum posts.
01-11-2014, 06:16 PMJeck
Fellow Traders,

You can download more up to date indicators (including M Analyzer) for N@viTr@der here ------> http://yadi.sk/d/6_mh6ohXFriC5
01-11-2014, 09:07 PMelgaza
Hi Jack thank you for the share but those files in the crack folder are not educated, but thanks anyway
01-11-2014, 09:57 PMJeck
Hi elgaza,

Just follow instructions and copy the cracked files into into bin\custom\ folder . They work for me.

Anyone else has problems ?
01-11-2014, 11:21 PMelgaza
I know how to put my files and where but as soon as I open ninjatrader I got all those license warning pop ups
besides i don't know what the new one has that the old one doesn't I think they are the same
I would really like to know how to build the market analyzer or have those ES templates which we dont
thank you for the post
01-11-2014, 11:25 PMNukem
Quote:
Originally Posted by LisaAkira  View Post
Anyone please share RJ Renko hybrid X64?
Thanks.
Just wondering if anyone could give me some idea how to get the renco-hybrid bars working.I've removed extra chart types, compiled, uninstalled, reinstalled but the renco won't appear. Any advice on how to correct this would be appreciated. All dll's for the renco are contained in the indicator folder.

Thanks
01-11-2014, 11:38 PMelgaza
I once have noticed that my renko bars won't appear cause of one other bar type, try to take all other bar type and leave only RJ's Renko, than add them one at at time and restart NT again and see which one will kick your renko out
good luck
01-12-2014, 12:16 AMMidnightPresident
Quote:
Originally Posted by Jeck  View Post
Fellow Traders,

You can download more up to date indicators (including M Analyzer) for N@viTr@der here ------> http://yadi.sk/d/6_mh6ohXFriC5

Working Fine :) Thanks JECK. and market analyzer open ninja and go to File New and market analyzer right click and go to Temp, Load there you can see all Temp All u need to do download both (exe files 1st) NaviTrader_NT7_Setup.exe and NaviTraderMA_NT7_Setup.exe file and copy dll files from Crack Folder and paste them in to Ducoments, Ninja 7, Bin, Custom and restart Ninja... :)
01-12-2014, 12:21 AMelgaza
these setup files, do they add those templates or not?
01-12-2014, 12:27 AMMidnightPresident
Quote:
Originally Posted by elgaza  View Post
these setup files, do they add those templates or not?
yes, those files have temp..
01-12-2014, 12:44 AMelgaza
ya I see them, but I'm looking for the temp for the Market Analyzer for ES do you have them?
01-12-2014, 02:08 AMJeck
I created 2 M Analyzer templates based on the videos in the installation package.

You can download and try them here ----> http://www.sendspace.com/file/4pgppi
Copy templates into My Documents\NinjaTrader7\templates\MarketAnalyzer

You can add/delete instruments, columns as you desire.
01-12-2014, 02:16 AMelgaza
Hey Jeck, did you add "indicator" as for the column?
01-12-2014, 03:39 AMCashManic
Quote:
Originally Posted by Jeck  View Post
Fellow Traders,

You can download more up to date indicators (including M Analyzer) for N@viTr@der here ------> http://yadi.sk/d/6_mh6ohXFriC5
Jeck many thanks for your contribution :)
01-12-2014, 03:59 AMelgaza
Now we need the profit maker indicator to complete the package
anybody has that?
01-12-2014, 04:18 AMadmis
@Jeck:
Thank you for your contribution.
Cheers,
01-12-2014, 06:21 AMorfila
Elgaza, were you able to get around the license popup problem? I dont seem to be able to get this running ok...
Hints please!

Offline Sojourner

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Re: elgaza method
« Reply #5 on: March 12, 2014, 11:56:31 AM »
admis
Quote:
Originally Posted by orfila  View Post
Elgaza, were you able to get around the license popup problem? I dont seem to be able to get this running ok...
Hints please!
No way. Everything is clean and educated.
01-12-2014, 07:12 AMorfila
The crack folder has two files, It is missing the fixed navitraderMA. Is this the same for you?
01-12-2014, 07:33 AMadmis
Quote:
Originally Posted by orfila  View Post
The crack folder has two files, It is missing the fixed navitraderMA. Is this the same for you?
Yes, you were right. There was not attached there. I thought about navi trader...
Ok. It's done: (a scanner)
http://www.sendspace.com/file/opshwk
7zip
pass=indo-investasi (as almost usual...)
01-12-2014, 09:38 AMkenny123
Does anyone have the educated source files for this by chance? The .cs files? Thanks!
01-12-2014, 11:59 AMCashManic
Quote:
Originally Posted by elgaza  View Post
Now we need the profit maker indicator to complete the package
anybody has that?
Well elgaza if you have a look at their latest webinar. http://www.youtube.com/watch?v=MZ0d8gimm-M
from 27.00 mins onward Wheeler explains that the profit maker indicator is actually the stair step indicator called navi bar stop, giving buy/sell indication together with possible stops.
01-12-2014, 12:03 PMelgaza
Yes but no one here seems to have it, at least I didn't see it in any of the posts here
01-12-2014, 05:10 PMadmis
I don't think think we always need something new (I mean a new indicator) to complete a system. Do we need a bigger arrows?

I appreciate elgaza has shared with us his approach and his method. It is simple, practical, follows from an experience and most important it works. An implementation of the KISS principle "Keep It Simple S t u p i d". Everyone can adapt it to his style.

I would be happy not to obscure the thread by requesting still new indicators. If we need to add something new let it be a valuable extension for this method. (like for example: how to use an orderflow as trigger to open an order)
01-12-2014, 06:16 PMelgaza
words of wisdom, I have to say I have the OFA window open as well in a structure view no numbers or colors the only thing I watch there is the exhaustion box on top or bottom of bar as fine tuning my entry and exit
and the truth of the matter we don't really need anything else, and what I mean is, it really depends on ones style, if it's scalping you're after, and this is what most of us here should be aiming for, than this is more than enough and you guys need to concentrate on how to utilize what you see in the chart, the simplest way is to take trades on a 2tick chart going the same direction of the 6tick chart, if you can religiously stick to this, you'll do better than many guys out there, even some of those who runs a room, it's the mentality that is your enemy, nothing else
my advice for the beginners, start with a demo account and work on a method, and a method is something you can write on a piece of paper, rules, not just when your guts tells you to, and when you practice enough to stick to it, than you'd be ready to go to live account
that's it, it sounds simple but it's not, we all have different drives and urges to fight with, that is greed and fear to deal with, but with practice your confidence will develop, so don't waist your time on indicator, it's endless, spend it on a method and a strategy
boy I wish I listened to myself a few years back
01-12-2014, 07:59 PMTraderbeauty
Hi Elgaza-
Again thank a lot for sharing your method and indicators.
Going to give my input and try to add as much as much as i can from a different prospective and view.
First of all i tried both renko spectrum and renko hybrid and you are right- the hybrid is more sensitive to navitrader meaning- if you compare 2 tick hybrid and 2-1 spectrum the signals are exactly the same but when you compare 6 hybrid to 6-2 spectrum ( navitrader wont work on 6-1 spectrum) you can see that the hybrid gives few more signals that are not appearing in the specrum so I believe everyone should use the hybrid when using navitrader.
Now lets look at the method itself----
http://imagizer.imageshack.us/v2/800...0/850/txam.jpg
This is the 6 ticks- friday.
Now lets think what exactly is happening here- we are going most of the times AGAINST the market- BUT---- we definitely have a retracement or move which is big enough on a 6 tick chart to create a red bar meaning WE HAVE A SIGNIFICANT MOVE.
On a sideways market or more accurate- not a very one directional strong market ( as we had 2 weeks ago) this is a great way because we have big enough moves to each direction to make more than enough money.
I love the keltner indicator- I knew about it and used it many times in the past but using it again now it looks very good and right in place like a missing link in a puzzle just wondering how its going to look live.
When the market goes strong up or down then getting a signal only means that this is a retracement that should be taken as an opportunity to continue WITH the market direction but again - most of the year the market moves like it is now and you have to be a good enough judge to know when to and when not to go against.
Another issue I was not thrilled about is that if the price does not touch or break the keltner and then even if its almost touching it like at 11:34 friday - see image 6 ticks we did not get a signal.Again- you have to be smarter than the system and be able to observe and KNOW that even though we did not get a signal- ITS THERE.The system did not give us a signal around 10:30 am that day although we did have a nice down pivot.
Nothing is perfect and I believe that this method is very good and very precise- and again THANK YOU ELGAZA for sharing.
I believe that you HAVE TO KNOW what is the big picture move direction and you can do that easily by reading the big legs and use fibs.
Lets start on friday around 9 am slightly after when we got the red signal on the 6. Look at the blue arrows i marked on the 6 chart- you can easily identify that we have lower lows lows highs meaning WE ARE WAITING TO GO SHORT when we get the signal and the target is 1.272 fib extension which we got to the tick at 11 :34, right after that the market turned up and we could go long.I expected the market to only go to the 62% or 78 % but the market is doing what it wants and not what we expect it to lol.I still expect it to go and do a lower low as long as we did not break the previous high but now its sunday afternoon and who knows what will happend during the night.
Bottom line- we KNEW that we need to go short, We KNEW what the target is and we KNEW that down there at 1826.25 if we get a long signal we can definitely take it so now lets go to the 2 tick chart.
http://imagizer.imageshack.us/v2/800...0/854/5b0k.jpg
When we got to point 1 we knew we need to go short- because of few facts- we had a red signal, we had a red bar on the 6 and we were in 78 fib of the last leg, i did not mark the fibs all over because its would be too cluttered and noisy. The price went to 1.272 extension meaning we should not take the first signal ( just before point 2) but wait for a bigger move up before we short, and hre is where the fib can help you- the red signal on the 2 was a loser but if you waited to the next one which did not even give a signal because it ALMOST touched the keltner you would have done well.market still went to 1.272 fib so we know we are well and have no problems to continue short- the moment it creates a divergence - meaning less that 1.272 we should not short or wait for a higher retracement up.
Point 3 is a great short its a 78 fib, once you got such a big move down pointing to a strong move you can actually use the keltner on a 1 tick chart.
Point 4 is another shortbut once we get a double equal there we should bail at breakeven and just wait.
On a big scal we should still look for a short and you can see that the market went to the next resistance which is point 5, here is a mystery- on a big scale we look for a short but on a smaller one we do have higher highs and higher lows- connect that with the fact that the 6 chart is green then you can either go short or ignore the signal.if you follow the 6 chart color then you should go long at point 6 which was exactly 78 fib but then it makes a double top and shows us a down direction and that is hy we should short at point 7 and point 8.
At that time we got to the big picture 1.272 extension- see the 6 tick chart image- i would not short anymore.
point 9 was just a regular reaction to a previous resistance but now we KNOW that the 1.272 worked , and even though we did not get a green signal on the 6 at 11:34 because the price did not TOUCH the keltner we KNOW that there SHOULD be a signal, by now the 6 chart is green and we should long at point 10 , 11 and 12.
As Elgaza said before- if you just follow the 6 color and take the signals on the 2 with the same direction you will do very well.
This is similar to few posts i made in the past using zigzags and weis waves to mark the legs on a 2 tick chart- just measure all the time how far the market went - no need to use any indicators- once you dont have a 1.272 or more- that means there is a mechanical divergence ( my invention lol ) and you should not continue with the current direction or just WAIT till price goes to the previous resistance- support.
Hope it helps.
Thanks again to Elgaza.
Traderbeauty-Jane
01-12-2014, 08:23 PMelgaza
Very nice Jane, good analysis, but first you need to understand what kind of a trader you are, meaning are you gonna scalp a point or are you gonna go to the next level?, I think most people here would feel much safer scalping a point and get out, waiting for the next signal to go in again, it's a great plus to know the picture and helps tremendously, scalping a point here and there is something that requires less knowledge than the one you poses, and I admire what you have, I wish we all used it. for a swing trader, your approach is a must, but for scalping a point I think that RSI on overbought/sold, volume bars and CCI for trend confirmation could do, the odd are there and if you'll pay attention you'll see that the indicators will give you the signals when we reach those fibs areas, we need to remember that every indicator is a reflection of the current market status, they are all good and all relate to the price, some give general information and some are more fine tuned than the others, what I'm trying to do here is to be as simple as possible to most traders, and try to make them understand how and why I take the trades when I do
01-12-2014, 09:01 PMTraderbeauty
Hi Elgaza
Thanks- sometimes I take a position trade with a bigger stop - thats when I am very sure about the big picture.
Most of the entries i posted gave 2 points and more.
Since I use fibs and symmetry for these legs In reality i enter way before the 2 tick chart signaled meaning most of my targets are 2-4 points with stop of normally 3 ticks- that is because I take my entries using the 1 tick renko chart but that is too hard to explain and it takes a lot of training .
All the indicators include rsi macd etc are lagging and delayed.
If you shorten their number of bars then they become erratic but if you use more bars then they get even slower to react.
Another reason why I dislike rsi and its family is because you can have a market that is dropping down for example with huge rsi oversold and numerous amount of divergences and still the market will continue down ignoring the rsi and the div.
Why use delayed indicators when the BEST , most accurate and easier to discern is PRICE itself.
Bottom line - what I always do is look at the big moves, decide what the market is telling me its doing and then confirm with the 2 tick chart and enter on the 1 .
01-12-2014, 09:01 PMadmis
Jane, I appreciate you joined here . Thank you for your very valuable comments and explanations. Btw. as usual you did it.

I think you should compare hybrid renko to renko spectrum in relation 1/2. HR 6 ~ SR 6/3, HR 4 ~ SR 4/2, HR 2 ~ SR 2/1
Always you can change a sensitivity of Navi Trend (by decreasing of default Keltner Offset 1.5) to see more signals and filter them later using fibo.
01-12-2014, 09:03 PMelgaza
Yes Jane thank you very much, it is much appreciated keep at it, we all want to hear more
01-12-2014, 09:12 PMTraderbeauty
Hi Admis thanks for the idea- will do.
I actually stopped using the renko hybrid once the spectrum got out, I like the 2-1 or 4-1 or 6-1 because you get a much sharper bar with less overlap.
I watch for a pivot high/ low even if we dont get a signal - once I get a top or bottom at the fib level I can tell most of the time where is the next pivot going to be.
Look at the market right now-
here is the 6 tick chart http://imagizer.imageshack.us/v2/800...0/801/0rn7.jpg

followed by a great signal on a 2 tick chart
http://imagizer.imageshack.us/v2/800...0/826/oqij.jpg

my target is a lower low compared to the previous low- meaning- i expect price to go bellow 1826.25- so you dont have to exit with 2-4 points you can go for 10 points easily and just move your stops.
01-12-2014, 09:27 PMelgaza
OK guys so the week has started for me, and Jane, this is what I meant when I said I want to keep it simple for the guys here
01-12-2014, 09:32 PMelgaza
.......................................
01-12-2014, 09:38 PMAndyS
...........................
01-12-2014, 09:42 PMelgaza
...................................
01-12-2014, 09:48 PMstocktrader78
Hi elgaza , could you please post a bigger picture for your entry , the one on evernote is kinda small, thanks a lot for the tips and mentoring .
Thanks elgaza , don't worry about it , i figured it out, saved the picture on evernote and made it bigger in picture viewer
01-12-2014, 09:50 PMelgaza
.........................................
01-12-2014, 11:29 PMNukem
Nope. Don't see pics.
01-12-2014, 11:49 PMelgaza
OK now I understand how to post pictures properly here they are

Entry

http://uploadingit.com/file/mq7d3gaf...-14_Sunday.jpg


Exit

http://uploadingit.com/file/n9sxfosg...-14_Sunday.jpg
01-12-2014, 11:58 PMelgaza
OK one more for tonight I guess, and see why I decided to take this one.

Entryhttp://uploadingit.com/file/cgpjmbe6...01_12_2014.jpg
01-13-2014, 01:37 AMelgaza
ya well can't get them all I guess.

http://uploadingit.com/file/4gyjxy3k...01_13_2014.jpg
01-13-2014, 02:38 AMNukem
I'm impressed. Can't win them all but only small loss is key. What RSI with divergence are you using?
01-13-2014, 07:58 AMelgaza
Good morning mates hope will have a good day today!!!
01-13-2014, 09:28 AMelgaza
look for 1830.75 level, if it breaks this level down we will see some momentum to the downside
same thing applies to the 1834 level up
good luck
01-13-2014, 09:45 AMelgaza
Sorry didn't have the opportunity to snap a picture but took those 2points up from 34, out at 36 perfect spot
now why did I get out at 36, 2 reasons, first if you look at the daily chart market profile, you'll see that 36.5 is a major pivot
didn't think it will get to 36.5 there fore one tick less, and give myself 1tick room to get out so 36, the second reason is the keltner bands are at 36.5 on the 6ticks as well, this was a perfect trade for me, but it doesn't always happen like this
01-13-2014, 10:04 AMelgaza
OK guys this time I did snap a pic but I think I'm getting out too early oh well

Entry

http://uploadingit.com/file/i9hyh0wk...01_13_2014.jpg

Exit

http://uploadingit.com/file/yggs0buy...01_13_2014.jpg
01-13-2014, 10:05 AMelgaza
No not too early, when it break the 36.5 I'll go long for a few points probably for 2 points
01-13-2014, 10:32 AMelgaza
Here is again with explanations

Entry

http://uploadingit.com/file/g9gqtrer...oming%20in.jpg

Exit

http://uploadingit.com/file/31jqqic5...20a%20tick.jpg


so you see what I mean
01-13-2014, 11:37 AMelgaza
watch for the 1833.25 level when it gets there look for a signal to go up again, that's what I'm gonna do
01-13-2014, 11:53 AMthaomoua
Quote:
Originally Posted by admis  View Post
Yes, you were right. There was not attached there. I thought about navi trader...
Ok. It's done: (a scanner)
http://www.sendspace.com/file/opshwk
7zip
pass=indo-investasi (as almost usual...)
admin, I replaced the DLL with your version but still get the license pop up when opening a navi market analyzer template. Anyone else have this issue?

Thanks.
01-13-2014, 12:06 PMadmis
Quote:
Originally Posted by thaomoua  View Post
admin, I replaced the DLL with your version but still get the license pop up when opening a navi market analyzer template. Anyone else have this issue?

Thanks.
I'm checking it again, cause nobody is perfect, please be patient...
01-13-2014, 12:13 PMadmis
Quote:
Originally Posted by thaomoua  View Post
admin, I replaced the DLL with your version but still get the license pop up when opening a navi market analyzer template. Anyone else have this issue?

Thanks.
I cannot reload a NT right now but inside a dll everything is cleaned.
Check your file, it should be like that:
Final.NaviTraderMA.dll 242 688 1:25pm 01/12/2014

P.S. admis
01-13-2014, 12:14 PMelgaza
OK here is another trade explained

Entry

http://uploadingit.com/file/uhfgadl6...01_13_2014.jpg


Exit

http://uploadingit.com/file/1x3osdgh...01_13_2014.jpg

guys if you are sick from my posts just tell me I'll stop
01-13-2014, 12:21 PMelishar
Please keep posting, I enjoy it to learn something. :)
01-13-2014, 12:21 PMadmis
Quote:
Originally Posted by elgaza  View Post
OK here is another trade explained

...
guys if you are sick from my posts just tell me I'll stop
Absolutely NOT. Please continue your trading journal. It is like a fresh air on the forum ...
Very valuable educational material.
Take care

P.S. I suppose you have missed my answer, a few posts above.
01-13-2014, 12:26 PMelgaza
OK admis
no problem I hope I contribute something to everyone here just like I got from you guys
this is what's called gratitude
01-13-2014, 12:30 PMNukem
"guys if you are sick from my posts just tell me I'll stop"
Elgaza,
Nah. No need to do that. Keep it up. I was just checking your stuff out and I'm up 5 pts. I don't have everything as you do but managed to use other indi. Knowing where the significant areas of structure and using the indi of your choice confirming the direction is key. At least for me. Watching someones examples as you have done and comparing to your own style helps me see beyond my own knowledge and gives me additional insight.. So again thanks for sharing and keep up the good work.

Offline Sojourner

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Re: elgaza method
« Reply #6 on: March 12, 2014, 12:02:44 PM »
elgaza
so you see the 1833.25 had a very small retracement but not enough signals to go long and it just plunged from there
this was too fast for me to show the pictures but I made 2tiks only there, but missed the water fall, what a bummer
01-13-2014, 12:32 PMthaomoua
Quote:
Originally Posted by admis  View Post
I cannot reload a NT right now but inside a dll everything is cleaned.
Check your file, it should be like that:
Final.NaviTraderMA.dll 242 688 1:25pm 01/12/2014

P.S. admis
That's the one I'm using.

Try loading this navi market analyzer file. http://www.sendspace.com/file/jqzkkj (I got this file from here)
01-13-2014, 12:46 PMelgaza
Great Nukem, glad to know my input here actually helps someone to become better and that you're taking action with that
too many people out there are looking for the "holy grail", well for me this is the holy grail, and lets for one second define what is the holy grail indicator
if you expect your indicator to be %100 all the time and do your home work for you, you are in the wrong business and you'll flash your account in no time, no matter how much money you have in it, this indicator gives me tops and bottoms almost all the time, there are companies that sales signals like this one generates and make a good living just from that, a holy grail is not some thing that will give you the right direction all the time but rather one that will give you the right reading of the market all the time, this one does, for me at least
now remember I said it before and I'll say it again, there are 4 elements that drive the market, supply, demand, fear and greed
supply and demand could be measure to the tick, fear and greed could not be measured at all, so no indicator could give you %100 accuracy on any given chart
the game here is probability and the odds this indicator gives you are very high as you can see yourself on your own chart
Just open the 6 ticks chart set it for 10 or 20 days and look at the signals you get with this one
I said at the beginning of this thread, if anyone know an indicator that gives better signals I'd like to compare them and if it does I'll switch
so for all you guys who are still looking for other indicators, don't waist your time testing them, just compare them with this one and see if you get a better signal
and for the most important part of all as I mentioned so many time already, STRATEGY this is more important than the indicator
if you have an indicator that generate only %50 accurate signals, and a good strategy to go with, than you'd make %50 winning trade and %50 losing
with a good strategy and money management you'd keep your losing one small and the winning one big, and you'll still do fine in the market
OK enough said I hope you'd agree with me here
if you don't one day you will
01-13-2014, 12:52 PMadmis
Quote:
Originally Posted by thaomoua  View Post
That's the one I'm using.

Try loading this navi market analyzer file. http://www.sendspace.com/file/jqzkkj (I got this file from here)
ok. On my side it is working ok with your template. No problems and no license requests.
01-13-2014, 12:55 PMelgaza
we are at a critical point of the market right now, the market now will need to find a new balance area so we are looking for some big move from here on the bigger picture

http://uploadingit.com/file/euzxdkcfgoe2i9fa/Daily.jpg
01-13-2014, 01:05 PMelgaza
ya it's happening as we see it, a big move down this is what rejection areas do, hope you took this trade I took it at 27.5
and got out at 24.5 again a perfect trade for me today, only 3 points but the reason I call it a perfect trade is because it went down to the expected tick as I thought, which was last Thursday low of the day, 24.25 I got out at 24.5 leaving me room of 1 tick to be sold, I don't usually do it that accurate I give myself 2ticks, but the momentum is so strong I think it will break it down even further
01-13-2014, 01:13 PMelgaza
So we all have a bunch of indicators and tools to work with
ask yourself the question, how come you don't have the guts to go in the market than (not all of you)
the answer is cause you don't trust yourself, not the tools
and the day you'll trust yourself is the day you'll have a strategy that could be written down on paper like I said before, not gut feelings
and if you follow it, you wont be afraid to trade cause you know that even those losing trade are part of your success
you wont have %100 successful trades, lets say only %80, so the other %20 percent is part of your %100 successful strategy
I said before in this thread, and I don't mean to brag here, I have %100 success, that is not to mean %100 successful trades but %100 successful trading days
cause I don't change my reasons to make a decision and you shouldn't either

Good luck to us all
01-13-2014, 01:21 PMelgaza
I think we should see a reversal here to the upside, probably to the 26 area at least if not 28
01-13-2014, 01:41 PMelgaza
see how this point in the market is critical and why I got out at this point, it's a major pivot and there's gonna be a lot of churn here
01-13-2014, 02:01 PMthaomoua
Quote:
Originally Posted by admis  View Post
ok. On my side it is working ok with your template. No problems and no license requests.
Strange...

I even reinstalled a clean NT7 v14 using with the navi setup here, replaced the two provided navi dll crack files, replaced your navi MA DLL, but the template still failed. Oh well. At least the DLL themselves are working.

Thanks for looking into it.
01-13-2014, 02:35 PMadmis
Quote:
Originally Posted by thaomoua  View Post
Strange...

I even reinstalled a clean NT7 v14 using with the navi setup here, replaced the two provided navi dll crack files, replaced your navi MA DLL, but the template still failed. Oh well. At least the DLL themselves are working.

Thanks for looking into it.
It is really strange. Maybe another user can say something about it. If it works for him/her or not? There is no a rocket science inside of this dll... Very simple protection.
01-13-2014, 02:44 PMrajafx1
Quote:
Originally Posted by elgaza  View Post
OK here is another trade explained

Entry

http://uploadingit.com/file/uhfgadl6...01_13_2014.jpg


Exit

http://uploadingit.com/file/1x3osdgh...01_13_2014.jpg

guys if you are sick from my posts just tell me I'll stop
Thanks for the posts, I want to understand in 2 point tick & figure chart how you figure it out that the 1700 contracts will push the market down, as it is not clear from the chart that these are buy orders or sell orders. I am trying to understand so your input is really important.
Also,can you give the parameters of setting the point & figure chart?
01-13-2014, 03:04 PMNukem
@rajafx1,
Check post #82 for settings.
01-13-2014, 03:07 PMelgaza
Hi Rajafx1, my ladder chart is set to filter only 200 lots, so I only see the institutions in play here, I don't want or need all the noise in the chart, I can't really work with all the numbers that show, so you see that on 35.5 and 35.75 more than 600 contracts were bought and a bar after 444 were bought at 35.5 and then the market still went down, so think if 1700 contracts couldn't push the market up and 1700 from institution would you bet on it to go up?
they are the one to move the market and they couldn't so what are the odd for it to go up?
and guys you need to realize those institutions DO NOT HAVE STOP LOSS, it's too much money to have a stop loss, they need to work their way out of that trade if they loose, and that's the reason why most institutions are scalping only for ticks, and I can prove it as well
when the price went down to 35.25 I decided to short , it was a trade with all the odds on my side, now remember it could go against me just as well, BUT THE ODDS were for the price to go down
as for the point of figure chart I set it as follow:
Base period type=tick
Box size=1
Reversal=6
direct IQFeed=2 (1 means it will read the data from IQ Feed only)
price close

also at the bottom set the plot execution=Do Not Plot
other wise it will make a mess with all the prints of your trading all over the place, I don't like it unless you like it it's your choice
01-13-2014, 03:10 PMelgaza
guys don't be surprised if we see 1807 today this is the point of rejection on the daily market profile big time on that level
01-13-2014, 03:14 PMelgaza
if by 3:30 EST we don't hit this level I think we either go into consolidation or go up from there
cause at 3:30 the Bonds are closing and this is why 3:30 EST time is very crucial in trading
most days you will see a big turn around or momentum at 3:30, that's because the Bonds are closing at this time and a lot of the institution are
coming in back to ES
01-13-2014, 03:15 PMelgaza
I don't know if you guys took a ride here, I manage to make 4 points and lose 1.5 as well
oh well
01-13-2014, 03:22 PMelgaza
Here is why I say that 1807 is a critical point that we will see probably very soon
Look at the black line it's the least area that was traded, the banks can't do business there it's it's gonna be like a sling shot from there

http://uploadingit.com/file/by74yytk5it4oj9r/MP.jpg
01-13-2014, 03:30 PMelgaza
look at the volume bar on the 6ticks how it's growing to sizes we did not see since 12pm EST
01-13-2014, 04:18 PMelgaza
Well it was a good trending day, lots of opportunities and as you can see indicators are not everything to consider here
guys try it with your sim account and practice on taking trades with the trend, think of it as a course you're in, except it doesn't cost you the $$$ you'd have to pay someone else to do the same thing, don't be afraid to try
but the key word is BE PERSISTENCE, if you always do the same thing, you will always get the same results
cheers ;)
01-13-2014, 04:26 PMelgaza
didn't quite reached the 1807 area but 1809.5 was pretty close on the market profile
yet I don't think we've seen the end of it, but at this area you see it did go up 6 points pretty fast like we said here, it happens all the time if you'll pay attention to that
on that alone you could take advantage in the market, and it doesn't have to be only on the daily chart, theres no difference between a daily chart and one minute chart the characteristics are the same all the time and in every market
Good luck to all
01-13-2014, 04:54 PMkenny123
Hi guys, got lost in the thread back there...Does anyone have the educated source files for this by chance? The .cs files? Thanks!
01-13-2014, 05:14 PMrajafx1
what type of volume profile/settings you have on this chart, can you please post the template/
01-13-2014, 05:42 PMelgaza
I already posted the indicator and the template to go with earlier in one the posts here
01-13-2014, 08:54 PMkenny123
Trying to figure out how Big Mo is calculated or what is used.
01-13-2014, 09:11 PMTraderbeauty
All I can say is WOW.
This is a quote from my post last evening-------------------------
my target is a lower low compared to the previous low- meaning- i expect price to go bellow 1826.25- so you dont have to exit with 2-4 points you can go for 10 points easily and just move your stops.
i shorted 4 lots and got out at 23 which was the 1.272 , at 18.75 which was the 1.618 and the last 2 at 14.75 which was the 1.918- wow what a ride.
So you see elgaza- many times when i am almost sure ( u cant be 100% sure) i keep the psoition and go for a longer ride - specifically if the volumes are high and there are no retracements.
Will post soon the fib analysis.
btw- Elgaza - I love your navitrader signals and trend coloring and definitely the keltner- its just helping me to see visually what i do anyway. so thanks again.
Traderbeauty-Jane

Quote:
Originally Posted by Traderbeauty  View Post
Hi Admis thanks for the idea- will do.
I actually stopped using the renko hybrid once the spectrum got out, I like the 2-1 or 4-1 or 6-1 because you get a much sharper bar with less overlap.
I watch for a pivot high/ low even if we dont get a signal - once I get a top or bottom at the fib level I can tell most of the time where is the next pivot going to be.
Look at the market right now-
here is the 6 tick chart http://imagizer.imageshack.us/v2/800...0/801/0rn7.jpg

followed by a great signal on a 2 tick chart
http://imagizer.imageshack.us/v2/800...0/826/oqij.jpg

my target is a lower low compared to the previous low- meaning- i expect price to go bellow 1826.25- so you dont have to exit with 2-4 points you can go for 10 points easily and just move your stops.
01-13-2014, 09:28 PMelgaza
Hi Jane, was waiting for you today here, didn't hear from you
so I did comment about that before, your style may not fit every trader here, most of them are just beginners and usually with a very small account to start with, some of them don't even have an account but trading a demo account, still trying to figure out what kind of trader they want to be, to be a swinger in a market like this require a big cushion and most don't have that, not to mention the experience to be able to take long shots, well you really need to know what you're doing for that, having said all that I do not saying your system is not good, it's great, but for certain type of traders, now it is statistically proven that the average move in the market is 2points, taking more than that is risky, that is in an average day, not like what we saw today
it's like every investor out there who predicts the market for the long run, the percentage drops, the longer the prediction goes, I feel much more safer and comfortable predicting what's gonna happen in the next 5 to 10 min than an hour from now, that's why scalping for me is the way to go, but I do go for 3 or more points at certain situations as I show here, but it all depends on market sentiment
Jane we need more of your input, don't be a stranger try to participate more, love what you have to say
cheers
01-13-2014, 10:43 PMTraderbeauty
Hi Elgaza.
thanks so much for your kind words, i did try before to explain my method but kind of gave up so I am really thrilled to have someone else trading the ES with vengeance lol.
I just hope that i am not imposing here because this is you thread and i only try to be constructive and show your method using another point of view so please - if i get too noisy let me know and i will stop.
lets start with the long term es-
http://imagizer.imageshack.us/v2/800...0/200/2t8e.jpg
as you can see the market got to big 78 fib and started to create lower lows and lower highs- that is why i was sure about that short last night and that is why i kept the positions overnight.
since it came from 78 fib i expected it to go all the way down to 1.272 which was 1810.44- market did go to 1809.5 which is an overshoot of 3 more ticks- and people try to ignore fibs lol.
here is my long term forecast on the es- assuming it stopped right at the 1.272 i expect it to go up to at least the 61.8 which is 1829.90 or more likely to the 78 which has a confluence with the symmetry at 1835.75 to the tick. once we get there we need a confirmation on the 6 and 2 ticks that the direction has reversed and the market continues down to a new low so please dont short there .
There is another scenario which is continuing upward since we hit on a big scale the 38 fib- bottom line if this was during the day i would have gone long etc.
http://imagizer.imageshack.us/v2/800x600q90/9/wisr.jpg
now here is the 6 tick chart which told us everything today-
http://imagizer.imageshack.us/v2/800...0/560/uwc7.jpg
bsically it told us to stay short almost the entire day. there were 2 long signals around 1 pm which were wrong- and here is the issue i was talking about few posts ago- when i said that during a strong one directional trend - any signal AGAINST the market SHOULD BE IGNORED. in today's case all you needed to do was follow the 2 tick chart as elgaza said- keep it simple ( i dont want to say ****** not to hurt anybody... please forgive me lisa ).
If you watched and traded the 2 tick chart you would have made many points today----
http://imagizer.imageshack.us/v2/800...0/854/1tu5.jpg
what you see is a simple way- just trade the 6 tick color using the 2 tick chart- check the fib constantly between the bottoms on a downtrend and tops on an uptrend and as long as its 1.272 or more then just continue WITH THE TREND.
If you notice- when we got the long signals on the 6 chart- we did not have a higher highs higher lows on the 2 ,but you could definitely scalps few points long even there.
I did not take any long because i knew that the target is 1810 and the 2 did not confirm any long.
Hope this helps
Thanks Elgaza again.
btw- as you noticed i DO NOT use any indicators ( ok navitrader ) other than fib- definitely not looking at the green navitrader indicator at the bottom.price is the best indicator- its leading and no need for anything else.
Take care and good trading.
Traderbeauy-Jane
01-13-2014, 10:52 PMrajafx1
.................................................
01-14-2014, 04:45 AMdanemo
Another way to view Nav+OFA
I am very surprised with this system, thanks elgaza. I want to show you this way. Yesterdey there was a great short.
http://imagizer.imageshack.us/v2/800...0/836/y1mb.jpg

We can see as in 1836-1838 price zone the sellers are coming in market( Net reduction in OFA in yellow, and the last three ticks are sellers, red) with a responsive selling and the we have a SIT. Besides we have the triangles in 2 T and 6 T charts. Very very good short.

Enjoy!!
01-14-2014, 04:53 AMIl Quotidiano Gratis
i am trying to do this too
http://my.jetscreenshot.com/19530/20...-2535-94kb.jpg

edit
chart 6E time frame (i am test which one is better) at moment i donno it
01-14-2014, 05:02 AMdanemo
You have on the left: Nav + OFA bars and on the right OFA Full, great!!
01-14-2014, 05:10 AMIl Quotidiano Gratis
Quote:
Originally Posted by elgaza  View Post
OK guys let me show you how I just made 2.75 points with 5 contracts totaling $687.5 take away commission and why I took that trade, I had the same setup like I showed yesterday
check it ou and good luck to you all

I didn't take pictures after this trade but like I said there I took a short from 1831.25 to 1829.25 for another 2 points this time with 1 contract cause it's against the trend and I don't like to risk that much when I do such things
I got the triangle to go short and got out on the first congestion bar as you can all see there

http://www.sendspace.com/file/ogfahr
hi elgaza
i watch your picture... what do are other indicators?
01-14-2014, 08:04 AMdanemo
Hi Il Quotidiano Gratis, What is those rectangles with numbers?
01-14-2014, 08:22 AMiksak
I think that on 6E chart OFA bar are usefulness. 6E is a currency and its market is Forex. So the future move itself coping the movement of the currency, no Volume Flow Analysis is possible.
01-14-2014, 09:30 AMelgaza
Good morning guys and girls, I hope we will have a successful day today
01-14-2014, 09:51 AMelgaza
OK so we started the day pushing up as we all saw, a well know trick of the market to flash away all those stop loss and then to go the other way around, we see this many time at the start of the day, I explain here why and how I took this trade
good luck to us all

Entry

http://uploadingit.com/file/msrhlyasnaz9vtat/Entry.jpg


Exit

http://uploadingit.com/file/p316dzowdu7hek35/Exit.jpg

Please comment if you'd like
01-14-2014, 10:15 AMelgaza
OK here is my second trade, the reason I took this one is, it went up 4 points and got sellers coming in, the moment I got in as soon as I saw an exhaustion signal on the OFA chart, sorry for not showing the exit pic but it went down more than my target which was 1 point anyway

having said all that I really don't advice for beginners to take counter trades yet, you really need to master taking trades with the trend first before you can feel comfortable to take counter trend trades, I'll be frankly with you my trades that I lose the most are the counter trades, so be careful when you do that, there are enough signal to go with the trend and make a very decent money in the market and when you've mastered that you could just add another contract and raise your income and chances

cheers

Entry
http://uploadingit.com/file/t5t0obfjyn0nznx6/Entry.jpg
01-14-2014, 10:19 AMibandrew88
One of the best systems i ever had saw

simple but effective

it would be great if it can be automatized to use it in ninja trader
01-14-2014, 10:21 AMelgaza
now I was careful on those trades because of the news that were coming at 10:00 am EST and that's why I take small profit with 1 contract, YOU NEED TO KNOW WHEN THE NEWS ARE COMING IN guys lots of surprises are happening at news time.

Offline Sojourner

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Re: elgaza method
« Reply #7 on: March 12, 2014, 12:03:49 PM »
elgaza
ibandrew88, auto trading systems are something you want to be very careful with, and have a lot of money to go with, the draw down auto system have are bigger than manual trading if you're discipline and that's because there are other things you need to measure in the market that are not programed in auto trading systems
it's better to learn how to trade and treat it as a business than hope for some robot do the job for you, not every business out there have machines that do the jobs, there are people behind it, being a day trader is no difference, it's a job not a casino, and if you'd put enough time to study it you will be rewarded big time
as this is the best job in the world
01-14-2014, 10:56 AMelgaza
I'd really like to know how you guys are doing with it, drop a line tell how it goes for you and where do you have difficulties
01-14-2014, 11:23 AMelgaza
didn't capture in time but I've entered in 1825 for long after the exhaustion signal with the trend got a green bar on the 2 ticks and got out quick with a 1point profit
now the reason I'm only scalping a point to the up side is because the RSI is so high on the 6ticks and I don't know how far it's gonna go there so I feel safer with a point in the pocket than 2 in someone else his

http://uploadingit.com/file/anyeikebg8v8pgev/Entry.jpg
01-14-2014, 11:35 AMTraderbeauty
Good morning- was busy trading but again all i can say is WOW


Last night i predicted the market to go 1830 at least and most likely to 1835.5 - so far it got to 1829.50


i kept taking longs on every retracement and will continue to do so till we get to our target.
once we get there i will look at the 2 tick chart and see if i get a down pattern , if not i will continue with longs.
Take care
Traderbeauty-Jane
01-14-2014, 11:49 AMforexmaniac84
@elgaza,
I am new to this thread. I downloaded the navi indicators and your renkohybrid but don't know how to set them up. Can you share the your templates please?
01-14-2014, 11:50 AMflipper26
I don't trade the ES. Having a look on YM and other mkts.
01-14-2014, 11:56 AMelgaza
why not the ES?
I'll share them just a bit later on
01-14-2014, 12:08 PMelgaza
I think we could be testing the value area high at 1823.25 pay attention
01-14-2014, 12:10 PMforexmaniac84
anyone use these Navi indicators to trade 6E? if so, what's the good setting in term of bar type and number of ticks?
01-14-2014, 12:22 PMelgaza
Hi forexmaniac84, the 6E is not recommended for beginners, for few reasons, the volume there is very low and therefore you will see it moving very very fast, sometimes jumping 5ticks in a split of a second, do you think you're ready for that?, you need to have a bigger account trading something like that being able to absorb those moves against you, so I'd recommend you to stick to something like the ES where moves are much more predictable and less risky, if the moves there pulls you to make quick profits, than you need to change your outlook on the market, it's better to take safe one and less profitable then risky one with more money in the pocket
at the end of the day it adds up, and as I wrote before better trade something safer with more contracts than the other way around
and by your question I tend to understand that you're not a professional trader, I advise you to read this thread almost from the beginning and see if you could do what's done here on the ES, if you can't don't fool yourself for something thats bigger than you
I don't trade the 6E or the CL for those reason and I can tell you I make a very good living trading
concentrate on the strategy make it work for you and stick to markets where the institutions are there, and try to take a ride on their back
I'm just trying to be the fish on the sharks back nothing more
01-14-2014, 12:23 PMelgaza
I had a losing trade here, lost a point, so don't think we're only making it out here guys, but it's ok we play a game of odds here nothing else
01-14-2014, 12:58 PMTraderbeauty
the 61.8 broke to the upside as i predicted ( 1829.75) got a short limit order no stop at 1835.50 :)
do not follow me- i can take the heat even if
it goes to 1883 which is the 1.918 extension.
Traderbeauty-Jane
01-14-2014, 01:02 PMyamantaka
Quote:
Originally Posted by Traderbeauty  View Post
the 61.8 broke to the upside as i predicted ( 1829.75) got a short limit order no stop at 1835.50 :)
do not follow me- i can take the heat even if
it goes to 1883 which is the 1.918 extension.
Traderbeauty-Jane
Interesting. I recall you traded with stops of a few ticks in your method description. Now you trade with none and are prepared to 48 points of heat. You've come a long way!
01-14-2014, 01:03 PMTraderbeauty
we just reached the 2.61 extension on last leg-
2.61 is normally the most a trend goes - it also same level as the 78 large leg exactly 1832 so i expect a small retracement of at least 38%- 50% and continuation up till the 1835.5
01-14-2014, 01:34 PMTraderbeauty
got a green signal on the 6 tick chart , got a red one on the 2 tick chart- shorted at 30.75 .
the reason i am taking this short is because we have a very possible fib level right at 32 so my target now is 1825.75 for half and the rest is 1823.75
01-14-2014, 01:35 PMelgaza
I'm just a small trader who likes small trades with big odds
now I used to love the Fibonacci signals long time ago, until I was introduced to the ladder chart, I'd much rather look for pivots as clusters than some given numbers plotted on exact same numbers on a given distance, it's not very accurate system, sure sometimes it'll fall on the dot, but so does any moving average out there
when you look on a ladder chart and you see clusters where the institutions took place you'll get your pivots down to the tick exactly with %100 certainty
I don't know how many years you've been trading this system but I have been since 2000 and I went through more than a thousand indicators out there for various platforms tested them all and tested them again with different settings, I never really felt the confidence to trade the Fibonacci lines since it only told me where it might stop IF it goes that direction, and with my experience not only it doesn't always stop there but many times it just crosses it like the wind on any level, which made my trading decisions to be full of doubts, if a system doesn't give me the confidence that I need, and let me tell you something, by nature I am completely not the GAMBLER guy out there, I hate to gamble and I'd like to be so certain with what I do, I hate those gut feelings when you trade, that fear and sweat that comes along with it, it's so not me, now when the price gets to one of those Fibonacci levels you need to be able to know weather it's gonna reverse from there or continue it's way down, and by those lines alone, YOU JUST CAN'T TELL, well at least I can't, we all know that the market is moved by the big guys, I want to see them coming in play on ANY LEVEL on the chart, I don't want to guess where it's gonna go to, I just want to take a ride on their back, this way I use less tissues to wipe my sweat of my face, I advice you to open a ladder chart filtered, so you can see the institutions in place and you'll be surprised as to how it's so accurate more than the Fibonacci or any other line indicator out there
Jane still thank you for your posts, we all learn from each other here, and every bit of information would help to us all, I think this is the point of this site, or at least I hope so
cheers
01-14-2014, 01:41 PMTraderbeauty
out be
it touched the keltner on the 2 and started to go up, no sense taking chances- my short at 35.5 is still there :)
01-14-2014, 02:04 PMelgaza
OK traders got something for you all here
I have here all the indicators and templates with instruction to create the exact screens that I am using
and if you can't make money with that, than you won't be able to make money with ANY INDICATOR IN THE WORLD out there
what more do you guys expect?, for a red face coming out of the screen and scream "Press that frigging button"?, lol
this is all you'll ever need, what you need to work on now is your strategy and most of all your mentality
you get that working for you and you wont have to work in any other kind of job out there.

don't forget to click the THANK YOU button, ;)

http://www.sendspace.com/file/x5udhp


cheers
01-14-2014, 02:12 PMwizard101
http://charts.dacharts.net/2014-01-1...500-daily1.png Support held at the 38,2%, 2/8ths murrey pivot rev line and trendline support, for longer term this is only corrective as still maintaining structural lows and evidently making higher/highs. The 38,2% hold at trendline is imho 1st line of supp to hold and we have next poss upside tg towards tge 4/8ths "equilibrium" line also at 1,27 ext of the last corrective decline with further upside potential towards the upper channel line at the 1,618. Best to use fibos or any type of supp/resist with other confluences to determine high prob inflection points. Just my 2 cents worth ! Have a good day all !
01-14-2014, 02:13 PMpriceless_knowledge
...........................
01-14-2014, 02:13 PMstocktrader78
Hi elgaza , this is the delete link not the download
01-14-2014, 02:16 PMelgaza
fixed it, sorry
stocktrader please delete the link from your post so that no one could delete it and let everyone enjoy this

thanks
01-14-2014, 02:18 PMwizard101
http://charts.dacharts.net/2014-01-14/mw-sp500-daily2 Hope this shows on the right side of the chart lol....
01-14-2014, 02:18 PMstocktrader78
its giving me HTTP/1.0 404 Not Found error ,please help, thanks elgaza
01-14-2014, 02:21 PMelgaza
it works for me
here it is again

http://www.sendspace.com/file/e6u22e

click the THANK YOU BUTTON PLEASE ;)
01-14-2014, 02:24 PMstocktrader78
for some reason it won't allow me to download it , does anyone else having this problem?
01-14-2014, 02:26 PMpriceless_knowledge
Thanks elgaza
01-14-2014, 02:28 PMelgaza
does any one else have this issue cause I just tried it on a different computer and it works

try with a different browser mate
01-14-2014, 02:31 PMstocktrader78
i tried explorer ,chrome and firefox, i think the file is deleted somehow , or maybe sendspace are preventing us to download for a certain amount of time
01-14-2014, 02:32 PMdanemo
.............
01-14-2014, 02:32 PMpriceless_knowledge
Thanks now I can follow exactly.
01-14-2014, 02:38 PMelgaza
OK I've made a new link just go to page 26 post #258

it's the delete link that did it, sorry, this time it will work
good luck to you all
01-14-2014, 02:44 PMlaser1000it
Quote:
Originally Posted by elgaza  View Post
OK I've made a new link just go to page 26 post #258

it's the delete link that did it, sorry, this time it will work
good luck to you all
Sorry Elgaza but Kaspersky has blocked download from sendspace (#258)
01-14-2014, 02:46 PMflipper26
Quote:
Originally Posted by flipper26  View Post
I don't trade the ES. Having a look on YM and other mkts.
Tried it many times before, and honestly it just puts me to sleep.
01-14-2014, 02:46 PMlaser1000it
Quote:
Originally Posted by laser1000it  View Post
Sorry Elgaza but Kaspersky has blocked download from sendspace (#258)

OooOps ... without Kaspersky link is working well (sorry) : - )
01-14-2014, 02:54 PMelgaza
this is why I did not take a short here yet, even though we got a red triangle to short and that you can not see with your regular charts or any indicator out there, even the OFA won't show it so well with all the numbers all over, if it did go under these institutions cluster I'd go short big time with a lot of contracts

I hope you guys are learning something here

http://uploadingit.com/file/vum2kksu...01_14_2014.jpg
01-14-2014, 02:58 PMtryitagainmf
Quote:
Originally Posted by elgaza  View Post
OK I've made a new link just go to page 26 post #258

it's the delete link that did it, sorry, this time it will work
good luck to you all
Mate, I do not trade the ES but just want to stop by and express my thanks as well for your willingness to share and instruct. Thanks also to TraderBeauty (Jane) and others who have contributed to the discussion.

Cheers!

Mick
01-14-2014, 02:59 PMwizard101
thanking you elgaza
01-14-2014, 03:02 PMelgaza
You are all very welcome
I remember myself those days, wished for someone to share some info with me and the frustration I had
so glad I can help if it does
01-14-2014, 03:24 PMexp48967
Many thanks and respect!
Show 40 post(s) from this thread on one page

Offline Sojourner

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Re: elgaza method
« Reply #8 on: March 12, 2014, 12:04:36 PM »
Top1
Thanks elgaza for all the time and effort you put in this and willing to share here ^:)^:-bd

Keep posting your info here it's really appreciated.......!!!!
01-14-2014, 03:40 PMexp48967
Templates are the same:

http://it.tinypic.com/view.pp?pic=wjyulv&s=5#.Ut7uK3I

Thanks
01-14-2014, 03:50 PMelgaza
oops my bad sorry for that here is the proper one
just copy the file to your "C:\Users\%USERNAME%\Documents\NinjaTrader 7\templates\Chart

http://www.sendspace.com/file/anojg8
01-14-2014, 04:08 PMelgaza
I really thought the market would continue down but this is why I hate analyzing the market, and THINK where it should go, it does affect our decision making process
don't you agree, you hope for one thing and wait for that only to find yourself alone with your thoughts in the garbage
I too am still learning all the time, and making mistakes all the time
the trick is to stick to the rules and go with them, the less you have on your chart guys the better your decision making will be, if you have a lot of indicators, you WONT BE ABLE to make a clear cut decision cause sometimes you'd go because of this indicator and sometimes because of another
you will not have a defined method and therefor you won't have a defined rate of success, if you could set rules for yourself and WRITE IT DOWN ON PAPER I really mean it, than you'd have something to follow and work on your mentality if you don't have that yet, stick to the demo account until you do, cause you'll see just how many time you'd have to reset your account in the demo, saving your ass from the real deal
and don't go for long rides on the market, greed will only give you grief, I know been there done that, lost accounts, so scalp for a point every time and wait for the next setup

how many times did you have this thought going through your mind "as long as I don't lose, I don't care how much I make", I had it for years, and at times didn't care to make a point a day just not to lose, cause if you're greedy you'll lose and the worst thing even more than losing is being out of the game not being able to trade cause you just flashed your account, so don't think about the money think in terms of points and just to make good trades, the $$$ will come it adds up and you'll be rewarded, but for goodness sake if you have an indicator on the screen that you don't make a decision with TAKE IT OFF the screen
01-14-2014, 05:36 PMyamantaka
Quote:
Originally Posted by elgaza  View Post
stick to the demo account until you do, cause you'll see just how many time you'd have to reset your account in the demo, saving your ass from the real deal.
Demo accounts are fine for testing methods, but not effective for most traders to segue into cash even if they've had demo success. Why? Having real money at risk affects a trader in a way a demo account can never emulate. Emotions and nerves are tested and as trades move against the trader, the likely reaction is to get out quickly (only to watch the trade move in his favor thereafter.) Of course, most retail traders use stops which are too tight or too easily discerned by professionals who know everything about technical analysis and how the retail trader thinks and operates.

As elgaza stated, you can always reset the demo account. Unfortunately not so with cash.
01-14-2014, 05:45 PMelgaza
Hi yamantake there is a lot in what you say, it's all true, BUT you can't drive a car the first day, first you need to learn the signs, then you need to take driving classes
and when you are experienced enough you can drive on your own, you'd still have accidents here and there but eventually with a lot of practice you could even be in a race car, all that takes time and experience, if a trader doesn't start with a demo account and mastering the firsts steps, then why go to a live one and burn money you know for sue they'd lose? you can't go live if in the demo you can't cut it out
01-14-2014, 05:54 PMnewbie0101
Howdy all been on hiatus well spent and come back and see I missed a whole bunch of good stuff.
Thanks Elgaza your efforts to help us here are much appreciated. As well Thank you Traderbeauty for contributing your ideas and methods, much appreciated.
I have not had a chance to go back through and see all, but I will.
Just wanted to say Thank You!
01-14-2014, 06:05 PMyamantaka
Quote:
Originally Posted by elgaza  View Post
Hi yamantake there is a lot in what you say, it's all true, BUT you can't drive a car the first day, first you need to learn the signs, then you need to take driving classes
and when you are experienced enough you can drive on your own, you'd still have accidents here and there but eventually with a lot of practice you could even be in a race car, all that takes time and experience, if a trader doesn't start with a demo account and mastering the firsts steps, then why go to a live one and burn money you know for sue they'd lose? you can't go live if in the demo you can't cut it out
I'm not disagreeing with you. But clearly your analogy is irrelevant; millions of people learn to drive each year and never get in accidents, but only a fraction of those trying trading succeed--their cash accounts are constantly getting into accidents. Driving a car becomes a reflex, Trading rarely does.

Yes, the demo is important, but it's not the key to success. Let's not lose sight of the fact most traders fail. The odds are heavily stacked against the aspiring trader.
01-14-2014, 06:42 PMTraderbeauty
Hi Elgaza
I did not take any short ( other than one that ended be ) today because if you look at my forecast yesterday I was very specific and said that the market will go to 1830 but most likely to 1835.5 to the tick.
I keept going long and the 2 tick chart kept showing us an upward pattern .
Once we go to 1830 I was very suspicious and watched to see if we get any response there which did not happen so i kept scalping long ( no sense to go for large targets at these highs).
I still have an open limit order at 1835.5 no stop hopefully will get filled after hours , my target for this one is at least 10- 15 points.
Again- please do not do the same - as i said- there is a scenario where the market will go to 1875 but i doubt that and i expect a nice down move from the 35.5 even if the up direction will be kept.
Traderbeauty-Jane
01-14-2014, 06:43 PMnewbie0101
.................................................. .....
01-14-2014, 06:56 PMelgaza
yamantaka my friend, unless you are very rich, which most of us are not and have enough money to go through the learning curve than you really don't have a choice weather you like it or not, and aside from this point I don't know how long you're trading live account already but I'll tell you something about myself, trading live account with no experience is DANGEROUS not only for losing your account but most of all shaking your ability to make confident decision, I know very well what it is to go in a trade with all the fear of losing and seeing the account getting smaller and smaller, it affects your mental state and the ability to trade properly NO MATTER who you are, so mastering a demo account and then going to a live one is A MUST the way I see it, when you learn how to swim you don't jump head first to the deep water, you may do all the right moves with your hands and legs but instead of being a swimmer you'd become a submarine and drown, you don't let a pilot fly a plane before he has tons of hours on demo flight, yes you need to master the emotions which are different in a live account and the mentality which is also different but you can't master them very well when you have so many obstacles to overcome first, I'm telling you from a rough experience and as I said the worst thing in being a day trader is to be out of the game, you go live with no experience and lose your account, how long will it take you to collect money again to try to trade again?, most people don't have so many chances to flash accounts again and again
to finish this off, YOU MUST USE a demo account first and work on a strategy, once you've master the strategy, and only then, can you go and master the hardest thing, emotion and mentality, but you'd become successful only when you have the RIGHT TOOLS in you hand, and the right tools are your screen and A DAMN GOOD STRATEGY and I've repeatedly stressed all the time on this thread, if you want to jump head first, you'd better wear a helmet cause you're going against the whole world out there and you need to excel and become better then %90 of the traders out there, how can you do it not coming ready?

I know I cant, good luck and I wish I'd listen to myself a few years back, I'd be in a much better place then I'm right now, but I've learned my mistakes and practice a lot on the demo account, and then went to the live one, boy what a difference, my confidence was way higher than what it was in my first years trading, ya sure I had to work on emotions and you know what, I still do, it doesn't stop there, but I'm a lot better now using the right tools then before

hope I clarified that point enough I'd hate to hear of someone going live only to come and visit this site knowing he can't really practice it live cause he flashed his account
enough said I guess, good luck to you all

and Yamantaka it's those questions like yours that adds knowledge to people out there cause when we address them other people could learn from other's mistakes and hopefully do better than me!!! :)>-
01-14-2014, 07:54 PMIl Quotidiano Gratis
Quote:
Originally Posted by danemo  View Post
Hi Il Quotidiano Gratis, What is those rectangles with numbers?
APAzone.
With OFA si very easy to watch reverse :-)

OFA 6E 9/4

Elgaza
I trade 6E, so i am curious to try ES, i never watch ES before how is?
01-14-2014, 08:00 PMyamantaka
Quote:
Originally Posted by newbie0101  View Post
Howdy Yamantaka, then please share your formula for success, elgaza and traderbeauty have been kind enough to share with us their methodology and thoughts. Maybe it helps maybe not, kind of up to the individual.-
Myself I appreciate very much what they are doing. You come into this thread with what I read as, instant negativity(that's cool-((not really)) but hey, then share my friend we are all here to learn. I appreciate as well all of your contributions here. But dang why try and throw a wet towel on something that as you have read is of interest to many.
Thanks to all of this wonderful forum and apologies if I have insulted any- as that was not my intention.
Great New Year To All!!
I encourage you to try anything you thing might be of benefit, but I find it impossible to learn from forum posts with redacted charts after the fact. These manual systems you appreciate are beyond my comprehension to try to emulate their creators. I wish you all the best.
01-14-2014, 08:08 PMyamantaka
Quote:
Originally Posted by elgaza  View Post
yamantaka my friend, unless you are very rich, which most of us are not and have enough money to go through the learning curve than you really don't have a choice weather you like it or not, and aside from this point I don't know how long you're trading live account already but I'll tell you something about myself, trading live account with no experience is DANGEROUS not only for losing your account but most of all shaking your ability to make confident decision, I know very well what it is to go in a trade with all the fear of losing and seeing the account getting smaller and smaller, it affects your mental state and the ability to trade properly NO MATTER who you are, so mastering a demo account and then going to a live one is A MUST the way I see it, when you learn how to swim you don't jump head first to the deep water, you may do all the right moves with your hands and legs but instead of being a swimmer you'd become a submarine and drown, you don't let a pilot fly a plane before he has tons of hours on demo flight, yes you need to master the emotions which are different in a live account and the mentality which is also different but you can't master them very well when you have so many obstacles to overcome first, I'm telling you from a rough experience and as I said the worst thing in being a day trader is to be out of the game, you go live with no experience and lose your account, how long will it take you to collect money again to try to trade again?, most people don't have so many chances to flash accounts again and again
to finish this off, YOU MUST USE a demo account first and work on a strategy, once you've master the strategy, and only then, can you go and master the hardest thing, emotion and mentality, but you'd become successful only when you have the RIGHT TOOLS in you hand, and the right tools are your screen and A DAMN GOOD STRATEGY and I've repeatedly stressed all the time on this thread, if you want to jump head first, you'd better wear a helmet cause you're going against the whole world out there and you need to excel and become better then %90 of the traders out there, how can you do it not coming ready?

I know I cant, good luck and I wish I'd listen to myself a few years back, I'd be in a much better place then I'm right now, but I've learned my mistakes and practice a lot on the demo account, and then went to the live one, boy what a difference, my confidence was way higher than what it was in my first years trading, ya sure I had to work on emotions and you know what, I still do, it doesn't stop there, but I'm a lot better now using the right tools then before

hope I clarified that point enough I'd hate to hear of someone going live only to come and visit this site knowing he can't really practice it live cause he flashed his account
enough said I guess, good luck to you all

and Yamantaka it's those questions like yours that adds knowledge to people out there cause when we address them other people could learn from other's mistakes and hopefully do better than me!!! :)>-
I never stated nor implied one shouldn't use a demo account. On the contrary, I think it's imperative to learn a method or test a system. But most traders will fail regardless how well they master a discretionary system on a demo for a few reasons that all of us know; namely, undercapitalization of account; slippage; fear of losses; and second guessing when the setups fail, to name a few.

At any rate, I'm not here to paint the rosy picture that goes on at Big MIke's, where realists, skeptics and truth tellers get banned. I'd rather be a gloomy reminder that your money is more than likely to evaporate in this business because the odds are very much stacked against you in a game where your real competition--the professionals--have a distinct advantage. Just like casinos have an advantage over it players.
01-14-2014, 08:27 PMTraderbeauty
I am puzzled.
sunday night I gave you all my analysis saying the market will go down and will create a new low- at that time the market was around 1838-;;;
next day it dropped to 1809.50 almost 40 points.
Yesterday afternoon I predicted that the market will go to at least 1830 but most likely 1835.50----; at that thime the market was around 1809.
Next day it went up to 1834.25 which is almost another 25 points.
We are talking about almost 65 points in 2 days which is around 15,000$ in two days profit using 5 contracts with an initial stop of 3-4 ticks only.
Yet- no one asked questions regarding the method, no one asked sunday or monday what is my target.
I guess i need to start a trading room with a very complicated mysterious name like- emini ultra platinum super quantum parabolic and charge $499 per month for traders to be interested lol.
All you had to do is watch my forecast and then use Elgaza's method and you would have done very well.
Take care and trade well.
Love you all
Traderbeauty-Jane
01-14-2014, 08:42 PMelgaza
Hey Il Quotidiano Gratis go to page 25 post #250 and read the post
01-14-2014, 08:43 PMelgaza
yamantaka my friend, did you go straight to a live account?
and if you did how long are you trading already?
if you made it with the live account from start and survived for more than 6 months, I take my hat off for you.
01-14-2014, 08:59 PMyamantaka
Quote:
Originally Posted by elgaza  View Post
yamantaka my friend, did you go straight to a live account?
and if you did how long are you trading already?
if you made it with the live account from start and survived for more than 6 months, I take my hat off for you.
elgaza, either you're not reading my replies or you're trying to piss me off. This conversation is over for me. Carry on.
01-14-2014, 09:10 PMelgaza
Hey take it easy man, no offense meant here, but unless I get the wrong message from you I don't want people to get the wrong idea and start trading live before they use a demo account, I think I've elaborated on that enough

I'm here to help others, I don't care one bit for respect or a pat on the shoulder, my reward is shown on my account not the replies on this thread

good luck to you my friend, and don't get upset with me please, we all mean for the best
01-14-2014, 09:22 PMchonpz
Traderbeauty thanks for sharing...would you please share with us how you came up with the forecast you posted I am dying to know how you did it...please teach/show us your method....I will be more than thankful....btw I have been following your post the last 4 months in different threads and you are an amazing contributors and trader...I have learned and adopted a few of your strategies.. Thanks
01-14-2014, 09:41 PMTraderbeauty
Thanks Chonpz
The down forecast is here
http://indo-investasi.com/showthread.php/23753-N-viTr-der/page18
post #174
this is what i wrote at the bottom


my target is a lower low compared to the previous low- meaning- i expect price to go bellow 1826.25- so you dont have to exit with 2-4 points you can go for 10 points easily and just move your stops.

I believe that this is very specific but no one bothered to ask how far down i expect it to go.

Here is the second forecast i made yesterday afternoon with a full explanation and its #228

http://indo-investasi.com/showthread.php/23753-N-viTr-der/page23

and here is the actual quote which is accurate to the tick:

here is my long term forecast on the es- assuming it stopped right at the 1.272 i expect it to go up to at least the 61.8 which is 1829.90 or more likely to the 78 which has a confluence with the symmetry at 1835.75 to the tick. once we get there we need a confirmation on the 6 and 2 ticks that the direction has reversed and the market continues down to a new low so please dont short there .

Take care
traderbeauty-Jane
01-14-2014, 10:51 PMchonpz
traderbeauty can you explain the following sentences

1. as you can see the market got to big 78 fib and started to create lower lows and lower highs- that is why i was sure about that short last night and that is why i kept the positions overnight..----the pic is not clear ...how do you draw your fib retracement from where to where.....how do you use fib 78...I use 61.8 as a key retracement fib...have never used fib 78



2. since it came from 78 fib i expected it to go all the way down to 1.272 -- can you explain the fib projection for 78 ..I use 61.8 retracement with a projection of 1.236..is that pretty much the same

perhaps you should open a thread dedicated to your method ...I would love it...the problem is trying to learn elgaza awesome share and trying to understand your great trading method at the same time is a bit challenging for me....its all good though. thanks a millions guys/girls
01-14-2014, 10:53 PMchonpz
"likely to the 78 which has a confluence with the symmetry at 1835.75 to the tick"
what does that mean and where can I learn more bout this.....?
01-14-2014, 11:53 PMtradernate
Yam....Read this it may help....
Become a Master of- Volume Analysis, S & R, Price Action and the specific markets you trade.

HERES HOW:

1.   Trading is a probability business.
2.   You can win or you can lose when trading. Learn to accept losing…this is hard to learn at first. Our culture says we must win at all costs. Trading is 180 of what we have been taught in life.
3.   Know the trading probability of your system. See 15-17 below.
4.   Do not use real money, until you can duplicate your trading method and results in Sim mode, as you would trading real money. The pressure in RT separates unprepared traders from this fact.
4a.   Do not trade real money when testing a new method, even if it is the slightest change to your existing system. If you cannot do it the same in sim as in live trading then you are not ready for live real money trades. Eliminating the emotion as much as possible can only be done in sim by having the confidence that your system is market correct for your risk/reward money management.
5.   Even under all your systems best risk reward setups you will still have losing trades.
6.   Learn to love those losing trades just as much as you win….just keep the losers short and follow your rules.
7.   Let your winners run, and keep your losers tight-Not the other way around.
It is your job to minimize your losses and maximize your winners-No One Else is responsible for you but YOU.
8.   Do not take every trade you see…Know the best time for your trading method.
9.   You must follow your specific rule set for each trade that will help you to be on the winning side of trades most of the time.
10.   You are the Holy Grail….not a system, or someone else.
11.   Become a trader of second moves and not the first move. Make sure price has a pullback support, and trade the trend direction only.
12.   Do not trade breakouts, only established trends on pullbacks that have a T1 (target one) before a breakout must occur to hit T1.
13.   Make sure you get to breakeven to allow yourself a chance for a big winner.
14.   Do not take FULL STOP OUTS, cut your lose fast when a initial trade entry does not go your way immediately. Before the next trade re-assess what went wrong on losing trades.
15.   Write down every trade and journal your daily trading process.
16.   Study every trade, even the trades taken and the one missed.

17.   Detail your methods daily probability-keep a running win rate, and BE rate of your system.
18.   When trading sim, make sure you are doing a 5K test to simulate the RT pressure as much as possible. Show all your trades and keep your stats….the goal is to make it real as possible. Preparing your mind for live trading with day after day sim profitability. I have never seen a profitable real time trader who could not be profitable sim trader.

This is a 6 months to 6 years process. The first month is bar by bar, and sim replay. It takes that time to learn how to understand what you need to watch for and translate it to the chart for real time trading.
We will give you indicators and training material to get you started and up and running the first day.

Your Job is to:
a.   You will trade no more than 2 setups for entries.
b.   Your own specific money management system, based on your real value trading account size. Your goal is to be no more than 1 to 1-1/2% of your account total per trade.
c.   Get you ready to learn how to exit, either by straight target and exit and how to properly trail in any market.
d.   Learn how to stay out of chop, and sit on your hands to not give back to the market.
e.   Write down daily all possible trades. This will help to give you greater understanding and confidence of the systems daily probability output. The 1 on 1 will include going over these trades to see why they one s that worked needs to be memorized to be duplicated over and over. This is also true for the ones that fail to go the distance, learn to see how to recognize then before you take them again.

Second month: Start doing a 5K test of only system 1 trades. These trades have a high success rate, and must be followed to the tick on the entries. All you need is 3-8 a day. Each session charts will be sent in along with you stats so they can be gone over. The 5K test is where you learn to develop all the good habits that are needed to be a confident professional trader. It will be a lot of hard work and dedication but it is possible. Every step is measured and rehearsed until only a professional trader is left standing.
Discipline must be the same in demo mode as in live trading…demo until you can trade without fear of losing. This is the only way to gain confidence in your system is to practice it in demo mode so when you go live the emotion is gone.

Every time you change your method for entries or exits, an indicator….nothing will be done live until you can produce it in a 5K test. This is the start of making a professional trader…everything is tested and measured prior to going live. The key here is building discipline and confidence in sim and carry over to live trading.

This goes on until you are able to sustain a $200 per day average.

Trading is a serious business…get ready to compete against Goldman Sachs, J.P Morgan, and many other prop houses that employee professional traders that are given the best of everything in training, systems and high dollar accounts.

5K test is winner on 70% if scalping. Loses must be no more than your winners on average. Average min $10 per trade on YM, NQ, on higher tick values then average $20 per trade. After making 1500 then go to 2 cars per trade. If you lose 50% of your initial capitals then start over. If you lose more than $250 per day you are done for the day. Goal is to make $350 per day. If you do not make it to 5K in 1 month of trading start over.

The 5K test..start with 5K, goal is to make 5K in 30 days...do not lose more than 2500 in that time, if so start over if you make less than 5K, change any of your entry, trail, targets, or exits. Since you are using only 5K as initial capital you must trade 1 car per trade until you increase your trading account to 6.5K. Goal is to hit 70%, $20 per trade. If you can do this in sim with real time data, only using limit orders, do not enforce immediate fills, and include your commissions in your trading stats than and only than will you be on your way to trade with a live account. Make sure your analysis of the market includes weekly on down S/R...trade on the direction of trend first.
Plan your trade, trade the plan.

Quote:
Originally Posted by yamantaka  View Post
Demo accounts are fine for testing methods, but not effective for most traders to segue into cash even if they've had demo success. Why? Having real money at risk affects a trader in a way a demo account can never emulate. Emotions and nerves are tested and as trades move against the trader, the likely reaction is to get out quickly (only to watch the trade move in his favor thereafter.) Of course, most retail traders use stops which are too tight or too easily discerned by professionals who know everything about technical analysis and how the retail trader thinks and operates.

As elgaza stated, you can always reset the demo account. Unfortunately not so with cash.
01-15-2014, 12:18 AMTraderbeauty
Quote from: chonpz;307797
traderbeauty can you explain the following sentences

1. as you can see the market got to big 78 fib and started to create lower lows and lower highs- that is why i was sure about that short last night and that is why i kept the positions overnight..----the pic is not clear ...how do you draw your fib retracement from where to where.....how do you use fib 78...I use 61.8 as a key retracement fib...have never used fib 78

will try to explain quickly- i am just too tired.
the market does not move in straight line either up or down- it creates zig zags.
the hard part is to identify these zigzags.
these waves are inside bigger waves that are inside even bigger waves.
the market went up and stopped at a certain spot- i think 46 something. then it went down , made a low and tried to continue upward and make a new high - meaning break the previous absolute high 1846.75.
i was watching and i saw that it stopped around 78% of the distance between that low and the 46.75, one i saw that i knew we are here for a big move down , but then i need a proof- meaning- i need the smaller waves to prove to me that they create a stair step down pattern, that is exactly what happened. now- you cannot really learn it anywhere- its something i created for myself- meaning-
IF THE MARKET STOPPED AT 78 FIB I EXPECT IT TO CONTINUE DOWN IN OUR CASE WITH A TARGET OF 1.272 FIB EXTENSION.
look at the image i posted and u can see that i was accurate within 3 ticks- not bad considering that the move was around 40 points.
now- here is the next part- since it stopped right at the 1.272 big legs i expected it to go back up -BEFORE CONTINUING DOWN to either .618 or .78 of the move which are 30 and 35.75- it did exactly what i thought it will do and that is why i constantly went long today.
good night.
Traderbeauty-Jane
01-15-2014, 12:23 AMshickman
Hey tradenet, nice input, now if you read all the posts by elgaza you'll see that he gave most of the points you just mentioned and then some, his posts shows the real deal, trades in actions not just analysis, and he explains his trades, it's very educational and I've learned a lot from him, read his posts he is right with every word he says all over the place
01-15-2014, 12:35 AMtradernate
Shickman...I agree I was only trying to support Elgaza SIM IS IMPORTANT statement. No problem here...really not sure what your point was to me....may be you did not read mine fully. I was just trying to show Yam that SIM is just important part of becoming a trader...there is no short cut...if you cannot trade in sim with discipline, then when you trade live there is no way in **** you can do it...Sim trading must prevail. This was only conncurring with Jane and Elgaza. But I see you are new around here...welcome-Nate

Quote:
Originally Posted by shickman  View Post
Hey tradenet, nice input, now if you read all the posts by elgaza you'll see that he gave most of the points you just mentioned and then some, his posts shows the real deal, trades in actions not just analysis, and he explains his trades, it's very educational and I've learned a lot from him, read his posts he is right with every word he says all over the place
01-15-2014, 12:39 AMshickman
Oh no, I did not reply as a counter to you, but just expressed my owe to this guy
01-15-2014, 01:04 AMshickman
and by the way he also says when he loses, so he doesn't try to finesse his trades, we can all learn from him
01-15-2014, 01:33 AMchonpz
traderbeauty...I know you are tired tonight but perhaps tomorrow or when you feel like it,
would you please post another ES forecast so that we can all learn from your method....Thanks, have a good night
01-15-2014, 05:26 AMdanemo
A trade in 6E with OFA 9/6. Signal in 6T, see change the net contracts, pass from sellers to buyers
http://imagizer.imageshack.us/v2/128...90/62/jrcu.jpg
01-15-2014, 06:10 AMIl Quotidiano Gratis
Thank you very much elgaza!!!
please, can you share this file?
http://my.jetscreenshot.com/19530/20140115-zgp8-7kb.jpg

take care
01-15-2014, 06:20 AMStefco
Hi tradernate.. thanks for your great insight and invaluable ideas into how one can evolved to be a professional winning trader. I already have a live account for some time but still trade in simulation mode till the day I can be consistent in generating profits daily, weekly etc. Been using every technique from gann, elliot, fibonacci and astrological forecasts and moving from metastock, tradestation and just recently ninjatrader ('cause of its great replay feature and order flow indicators) and learning the trading platform programming languages into creating indicators, systems. Now C# can be quite daunting 'cause I'm not a programmer by profession but thanks to the tools provided by some of the brilliant educators like admis, yamantaka, minch to name a few and this forum with elgaza and traderbeauty to share their trading techniques there is still light at the end of the tunnel.
Trade like real in a simulator and when you are in a live account trade like what you did in a simulator but you also have to take out the emotions of fear and greed then.

Question I like to ask tradernate is do you use limit or market orders in a simulator. Market orders are probably more realistic and timely for live and simulated but you're 2 ticks at a disadvantage per round turn. With limit orders eg buy at Bid and sell at Ask is that reflected in real time like in a simulator. With Nijatrader if does seemed more true to live market conditions,but not so when I use Bracket Trader to place my limit order (price is filled straightaway when the limit order is touched)
01-15-2014, 07:22 AMadmis
Quote:
Originally Posted by Stefco  View Post
...

Question I like to ask tradernate is do you use limit or market orders in a simulator. Market orders are probably more realistic and timely for live and simulated but you're 2 ticks at a disadvantage per round turn. With limit orders eg buy at Bid and sell at Ask is that reflected in real time like in a simulator. With Nijatrader if does seemed more true to live market conditions,but not so when I use Bracket Trader to place my limit order (price is filled straightaway when the limit order is touched)
Hi, thanks for a nice words.
What I remember IB had a compressed data feed which is not suitable for order flow analysis.
In Ninjatrader you can set up an algorithm of filling orders in simulator (eg. immediate fills = nonsense). Maybe a better idea is to open a demo account at AMP with CQG datafeed and then use an amp_demo account instead of simulator account (Sim101). Much more realistic, of course except of a real queue in order book.
01-15-2014, 07:31 AMadmis
Quote:
Originally Posted by Il Quotidiano Gratis  View Post
... can you share this file?
http://my.jetscreenshot.com/19530/20140115-zgp8-7kb.jpg
http://www.sendspace.com/file/cg99ef
01-15-2014, 08:29 AMforexmaniac84
Can anyone tell me what is the logic of RJay's Renko Hybrid bard and Navi Bars please? What's so great about these bars?
01-15-2014, 08:29 AMCashManic
Anybody used the Navi Squeeze strategy indicator or their Navi SqueezeExecute automated strategy? Taka-san what do you think of their strategy?
01-15-2014, 08:48 AMStefco
Thanks admis for the reccommendations.. I am looking into it. AMP or even Mirus have the lowest margins and commissions and there is a paper demo AMP/CQG account like you said http://www.ampfutures.com/paper_demo.php with ninjatrader. But when its live trading CQG charges $600 to $2000 monthly for live data or it is reduced when you trade through AMP Broker. IB requires a larger margin but their data (300ms snapshot) is free and you only pay $10 for the exchange fee. With the time and sales a big institutional block trade can come in 1 lot with the same timestamp for true tick to tick data and can somewhat fill the whole screen but not the case with IB data (but not sure whether it is a true reflection of the block size though) where the block size is recorded as one. Thanks I'll definitely look into this broker/data arrangement.
01-15-2014, 08:50 AMtradernate
Plan your trade, trade your plan on each and every trade......use limit orders only....making sure you get the trade condition that meets your specific criteria...on every trade. Use Amp for realistic demo data...I am not sure about anyone else....I know Amp live demo data is the same as my live data....the difference is how you set up your platform to execute your trades. WHen ypu buy into the market at limit you are put into a que and you have to wait your turn to be taken out...that is the real difference between demo and live. If fills are a issiue delay the fills or at least make sure to not check fill immediately box on sim orders. The whole goal is to get realistic fills to live trading when in sim or its worthless...you are training you mind not your ego.

Quote:
Originally Posted by Stefco  View Post
Hi tradernate.. thanks for your great insight and invaluable ideas into how one can evolved to be a professional winning trader. I already have a live account for some time but still trade in simulation mode till the day I can be consistent in generating profits daily, weekly etc. Been using every technique from gann, elliot, fibonacci and astrological forecasts and moving from metastock, tradestation and just recently ninjatrader ('cause of its great replay feature and order flow indicators) and learning the trading platform programming languages into creating indicators, systems. Now C# can be quite daunting 'cause I'm not a programmer by profession but thanks to the tools provided by some of the brilliant educators like admis, yamantaka, minch to name a few and this forum with elgaza and traderbeauty to share their trading techniques there is still light at the end of the tunnel.
Trade like real in a simulator and when you are in a live account trade like what you did in a simulator but you also have to take out the emotions of fear and greed then.

Question I like to ask tradernate is do you use limit or market orders in a simulator. Market orders are probably more realistic and timely for live and simulated but you're 2 ticks at a disadvantage per round turn. With limit orders eg buy at Bid and sell at Ask is that reflected in real time like in a simulator. With Nijatrader if does seemed more true to live market conditions,but not so when I use Bracket Trader to place my limit order (price is filled straightaway when the limit order is touched)
01-15-2014, 09:23 AMadmis
Quote:
Originally Posted by Stefco  View Post
...AMP or even Mirus have the lowest margins and commissions and there is a paper demo AMP/CQG account like you said http://www.ampfutures.com/paper_demo.php with ninjatrader. But when its live trading CQG charges $600 to $2000 monthly for live data or it is reduced when you trade through AMP Broker.
...
I suppose it is kind of misunderstanding. I was talking about a DEMO account at AMP with CQG data feed which is absolutely free. The rest was explained by tradernate.
What is the reason you are at IB (stocks?).

Offline Sojourner

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Re: elgaza method
« Reply #9 on: March 12, 2014, 12:05:52 PM »
Stefco
Admis ..Emini futures esp the ES with IB (simulated now live as soon as ready). Is there a time limit to the demo account with AMP/CQG?
01-15-2014, 09:52 AMtradernate
For 500$ you can have a no fee account unlimited (as of today) 2. Or you can use an different email every 30 days to re-sign up to get same data for free. THis is for only AMP/CQG that I know of....does anyone know anyone else?

Quote:
Originally Posted by Stefco  View Post
Admis ..Emini futures esp the ES with IB (simulated now live as soon as ready). Is there a time limit to the demo account with AMP/CQG?
01-15-2014, 09:53 AMshickman
Hey admis I got a message from elgaza to tell you to read your PM
01-15-2014, 09:57 AMadmis
Quote:
Originally Posted by Stefco  View Post
Admis -> admis ..Emini futures esp the ES with IB (simulated now live as soon as ready). Is there a time limit to the demo account with AMP/CQG?
Yes, 21-30 days, but you can reopen a demo account after this period.
you can use the same email
http://ampclearing.com/

BTW. After you receive your login/pass don't use the following license number they offer:
(@AMP-CQG4-D583-40B1-AE74-B79F-705D-7777)
You must have a full license on NT or you know what... to execute an orders on amp_demo acct.
01-15-2014, 10:09 AMadmis
Quote:
Originally Posted by shickman  View Post
Hey admis I got a message from elgaza to tell you to read your PM
Thanks but I've got nothing...
... still no messages in PM.
01-15-2014, 10:18 AMshickman
OK guys I am getting a message from elgaza, he says he has updated his email last night and ever since he can't view posts until they update his account, I''m gonna post for him what ever he sends over to me, until the update his account
01-15-2014, 10:21 AMshickman
post from elgaza:

OK guys it was a nice start today for me, we are in a trend up as we see but I took a short as I explain where and why
I have updated my email address last night and can’t posts ever since until they will update my account I guess, till than I have shickman here willing thanks to him to posts my posts for me
So good luck to you all and will see you again I guess

so I took a trade this morning and it was a counter trade, but as I said you need to be very careful with counter trading, if you're not experience enough than avoid it, the hardest thing about counter trading is knowing where to get out in time

Entry
http://uploadingit.com/file/esvkxt7ft8aa3z8l/Entry.jpg

Exit:
http://uploadingit.com/file/cbnju6keshblbxaj/Exit.jpg
01-15-2014, 10:35 AMshickman
guys another post from elgaza:

So you see that on the daily chart the market profile shows that the value area high is at 1843.25 I wanted to short this area and you see I’ve put my sell order way before it even got there
I placed my order at 1842.5 didn’t quite want to push it to the last tick so gave myself 2ticks spread cause I didn’t want to miss this trade, and the same goes for this trade, and as you can see it was a perfect trade, it went EXACTLY 2 ticks above my order as I said. I’m trading against the trend so I’ll be scalping on point only but I go with 5 contracts, cause the odds are really to my side here
I wonder did any one take this ride up?
We are in an uptrend, we got the triangle red at 1837 area and it was a buy signal, need I yell at you to take the trade?
Well I didn’t cause I was preparing the pics and missed this one, I hope you didn’t miss it like I did
Entry:
http://uploadingit.com/file/ukikemm4iip9rubh/Entry.jpg

You see how we could hardly break down so I raised my profit target to 1Point only and got out with a point profit
Exit:
http://uploadingit.com/file/fk0azodhsnkzojz4/Exit.jpg

so as for analysis it's all great and SO important, but I'm a scalper, I care only for what's happening RIGHT NOW not what's gonna be later on, but that's my style, you should stick to your style and excel in it
01-15-2014, 11:04 AMadmis
We can make a poll: whether the price will reach today:46,50 and later 57,25
01-15-2014, 11:07 AMshickman
elgaza is asking:

did any of you take any trade today?
and if not could you tell me why?
I'd like to know how you think so maybe I could help you see things clearer

cheers
01-15-2014, 11:12 AMshickman
elgaza is saying:

yes admis you are right, 46.5 is a high of the day on the bar preceding it on this level, I'll be looking to short this area
01-15-2014, 11:46 AMadmis
They are preparing to an attack ...big guns arrived...
01-15-2014, 11:47 AMshickman
elgaza says:

yes admis, but the question is are we doing something about it?
I'm already in a trade
01-15-2014, 11:49 AMadmis
So do I. up
01-15-2014, 11:53 AMadmis
But filtered delta shows the big guns are selling...
01-15-2014, 11:53 AMshickman
elgaza says:

great admis I'm happy for you, I just wish people would trust this system and stop looking around for other indicators
if you can't trade these signals, you cant trade ANY SIGNALS from any indicator out there
strategy is the key
and as we speak guys look at the volume bar on the 6ticks it's growing and I think we could see higher highs
01-15-2014, 11:55 AMshickman
elgaza says:

EXACTLY and yet it goes up showing they cant keep the market down so much
01-15-2014, 11:57 AMshickman
elgaza says:

but yet I have a stop loss that protects me, you should too
01-15-2014, 12:01 PMshickman
elgaza is saying:

OK guys I hope you've learned something here, admis did, good for you admis I'm happy for both of us right now, lol
01-15-2014, 12:20 PMshickman
elgaza says:

OK guys hope you've learned something here like admis did, when you see the chance TAKE IT
now this trade is based not only on the triangle on the 2ticks chart to go up, cause the 6t shows down, but look at the volume bar on the 6tks how it's growing there and the confirmation from the divergence on the RSI and the CCI going above 0 line
guys WHAT ELSE DO YOU NEED to make a decision? I went full force here with 10 contracts, the general trend is still UP even though we have a triangle on top of the 6tks

remember TRIANGLE IS NOT A DIVERGENCE, IT'S A PIVOT, a lot of people think it's a divergence and take it the other way around blindly it's not the case
WOW as I'm writing this I see how the price is going down and how I got out in a PERFECT SPOT right on the tick, but it doesn't always happen like this, I do explain why I chose this spot

good luck to you all.

I don't know how long those guys are gonna take until they update my account but THANK YOU VERY MUCH SHICKMAN for allowing me to pass my posts to all our friends here so that they could benefit from this

guys please say thank you to shickman for me

I have entered the trade and exited it as explained take a look:

ENTRY:

http://uploadingit.com/file/mcp1n4pk0diph99m/Entry.jpg

EXIT:

http://uploadingit.com/file/b1n9msyop3gojeaj/Exit.jpg
01-15-2014, 12:22 PMadmis
I would wish to be even, as calm as you during trading... Respect!
01-15-2014, 12:33 PMshickman
elgaza says:

admis I don't know if you read all my posts here, but I did write a reply to someone here, don't know who exactly that I'm not the gambling kind of a person, and I don't like to take trades I don't feel very comfortable with, but with time and experience it will come to you as well, just do yourself a favor and master taking trades with the trend before going counter trading, it takes more skills, and with this system as you can all see now CAUSE YOU ALL GOT THE SAME SCREEN AS I DO, there are many many opportunities to make trades with the trend so don't take extra risks if you don't need to, just add more contracts when you really feel very comfortable with yourself trading with the trend

this trade was a perfect trade for me as I took it just 3tks above the bottom and got out on the highest tick for this rally, I'm not usually looking for such accuracy as it doesn't happen so often, but the point I'm trying to make here is that the ES is very predictable to a certain extent, and this is the reason I said few times on this thread why I don't trade the 6E or CL, or any other instruments that have low volume, cause the movement there are so rapid, you could move the market yourself for a small period of time if you go with 20 contracts or so.
a lot of guys here are thinking about the money and how much they can make a month, DON'T start thinking in points and how many successful trades you can make a day, the money will come

OK good luck to us all
if any one has a question as to why I did what I did please do
01-15-2014, 12:48 PMshickman
elgaza says:

guys look at you 6tks chart and see the consolidation bars there, on the other side the volume bars are huge there and we are right on the point of control 1842 so be careful this is the area that the institution love to make business with you cause these are the only area they can sell or but millions of dollars
01-15-2014, 12:53 PMadmis
@elgaza:
Although I don't comment often I read everything you've written since I discovered your thread. I am really hungry of your knowledge.
I am greatly appreciate and thank you for all your advices and clues!
Cheers,
01-15-2014, 12:53 PMshickman
elgaza says:

hey did any one took a short from the 45 area before this is a perfect trade there the RSI was at %80 percent on the 2tks and %70 on the 6tks and there was a triangle on the 45, the volume bar was huge for the 2tks WHAT MORE DO YOU WANT????
and to top it with a cherry on top, it was right on the VAH what are the odds for the price to go up from there? and what are the odds for the price to go down from there? where would you want to be in that point LONG or SHORT

if you all answered SHORT than I ask you why weren't you?
01-15-2014, 01:30 PMIl Quotidiano Gratis
hi there
i have custom the trading system

Add
-divergenzy BBT_volume_pressure (only for 6renko)
-priceactionswing percentage (choose which one remove if you want -> priceactionswing or NaviTrade)
-change channel
-removed BBT_vp_momentum
change colors and time (for myself)

upgrade with indicators and templates here --> https://awowfiles.com/file/716db59fa0c0c30aae70bf2520d33a21

(watch fine the link)

i think now it is perfect :-D what do you think about? let's me know
Elgaza Thank you :-bd

http://my.jetscreenshot.com/19530/20...pj8x-158kb.jpg
01-15-2014, 01:38 PMshickman
elgaza says:

Hi Il Quotidiano Gratis, the big question is: is it really an upgrade???
I said in posts before 1) if you don't use the indicator take it off, 2) the less you have the better it is cause then you wouldn't have too many elements to make a decision with, I WOULDN'T add anything else to the screen cause it has enough information and if it can't be read the way it is right now, than you can add 10 more indicators and still you won't be able to read it but worse you'll get more confused with it so, hey do what you feel comfortable with, but the holy grail is YOU not the indicator as some one said it a few posts ago yesterday.
01-15-2014, 01:42 PMIl Quotidiano Gratis
Quote:
Originally Posted by shickman  View Post
elgaza says:

Hi Il Quotidiano Gratis, the big question is: is it really an upgrade???
I said in posts before 1) if you don't use the indicator take it off, 2) the less you have the better it is cause then you wouldn't have too many elements to make a decision with, I WOULDN'T add anything else to the screen cause it has enough information and if it can't be read the way it is right now, than you can add 10 more indicators and still you won't be able to read it but worse you'll get more confused with it so, hey do what you feel comfortable with, but the holy grail is YOU not the indicator as some one said it a few posts ago yesterday.
i like too much... it is perfect for myself.... not yours
i like more with priceactionswing then navitrend...
Shickman --> you can choose... you can not watch post #346 and so not download it...
01-15-2014, 01:47 PMshickman
hey I'm just posting what elgaza is saying he can't use hi account yet, oh well

elgaza says:

hey don't get me wrong, if if works for you than this is what you need to do, GREAT, this is the point, but as long as you use what ever you have on the screen other wise IT WILL affect you decision making process.
now what's left is to just take trades, and I wish you BEST OF LUCK MY FRIEND, this is what this all about here, helping each other, isn't it?
01-15-2014, 02:12 PMshickman
elgaza is asking:

anybody care to share your trading experience here? any trades taken today? we could all learn if it was a calculate trade, every little bit helps.
01-15-2014, 02:21 PMadmis
@elgaza:
I have a question concerning CCI on your chart. What is the reason you included it there? I don't remember you have made your trading decision based on CCI... :-?
01-15-2014, 02:22 PMStefco
Hi Il Quotidiano Gratis .. thanks for that interesting setup with volume colored channel and is that fibo retracements/extensions in %. Could you show me the BBT_volume_pressure divergence and does it indicate a turning point in price action beforehand. Elgaza did challenge anyone with a better strategy so you never know!
01-15-2014, 02:26 PMshickman
elgaza is saying:

what a bummer, lost a point here, ya we can't get them all I shorted 41.25 and waited for it to go down to 39.25 I could have gotten out with a point profit BUT chose not too, and now I'm out one point, except this time it was not 10 contracts only 1 and the reason I only shorted one here, is that on the daily chart 1840 is point of rejection and this is exactly what happened it went up from there like a sling shot, now why did I choose to short that anyway, one reason only, on the hourly chart if you take a look the RSI has reached the %80 and I JUST LOVE %80 RSI for me it's a gift setup in any chart so I decided to take a short, and I did notice the point of rejection, so I was baffled what's gonna happen on this level, and what's gonna take over what, I chose RSI and was wrong, lost $50 on that trade
but I made already $2000 on the other 4 trades I had earlier so I'm still way ahead of the game here
I hope this info help you guys see the market in a bit different way than just bunch of indicators.
cheers
01-15-2014, 02:34 PMadmis
@Il Quotidiano Gratis:
You made a big progress since looking for any autostrategy till to analysing charts based on price action/volume and orderflow (I saw your ofa) in just a few days! Congrats.

btw: Is your nick means something hidden?

Il Quotidiano Gratis ~ The Daily Free
01-15-2014, 02:37 PMshickman
elgaza says:

I took a bad trade but you'll see why I decided to take that trade, it wasn't a gamble and I had my reasons, as well I did not take a big risk because of that, this is a trade that you should really learn from even though it was a bad one, my reasons may help you look at the market properly

wishing you a better luck than me.

http://uploadingit.com/file/zbuhkv9s...ad%20trade.jpg
01-15-2014, 02:40 PMshickman
elgaza says:

does anyone want to add a comment I sometimes feel that I'm alone in this thread and talking to myself only, lol
01-15-2014, 02:44 PMshickman
elgaza says:

OK pay attention we are about to make a big move from here look at the 2tks volume its huge
01-15-2014, 02:46 PMshickman
elgaza says:

but I'll be frank with you that %80 RSI on the hourly chart does scare me from taking longs here
hey that's me, what do you think?
01-15-2014, 02:53 PMshickman
elgaza says:

if you have the ladder chart you'll see that the range from 40.5 to 44 is the institutions home, when we break this area, out of their comfort zone, WE WILL SEE THOSE BIGGER MOVES so be prepared for a ride soon, I just don't know if we're gonna go south or north, and I don't care for analysis I care for what's happening RIGHT NOW not in an hour from now
OK good luck and be prepared, we could continue this churn till 3:30, than the BONDS are closing and we could be experiencing either new highs or we could break the point of rejection the 40 area down.
but nothing is concrete don't take my word for it, just wait and see how the day unfolds before us and take your trades with the trend

OK good luck to us all
01-15-2014, 02:56 PMadmis
@elgaza:
I asked you a few posts above (#351) about CCI and now I would add to that question a RSI too, if you don't mind.

"I said in posts before 1) if you don't use the indicator take it off, 2) the less you have the better it is cause then you wouldn't have too many elements to make a decision ..."

Offline Sojourner

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Re: elgaza method
« Reply #10 on: March 12, 2014, 12:07:22 PM »
shickman
elgaza says:

oops sorry admis, totally missed it, now that you mentioned I see it, forgive me
OK so the CCI gives me the trend and change of trend, I get early warning from it sometimes before the signals comes as well, so I pay attention to certain levels that it's at, for example when the turbo line (the white fast one) reaches the 200 or -200, you may want to consider a reversal especially on the 6tks chart, it's VERY RARE to see the lines get to the +-200 and drag themselves there, so you want to be on the right side when it does, the RSI I look for extreme overbought and oversold areas as I just mentioned above, when it gets to those area, I drool, now on the 60m chart the affect is longer of course cause each bar in 60m obviously but I get very cautious going against it, like right now what we are experiencing in the market these minutes, the 60m chart is so oversold that I am afraid to take trades up and I told you already I'm not a gambler or risk taker, I don't mind to wait for those trades that are safer to trade, when I see them I go big time with 10 contracts as you so already, and it adds up alot, so patience does reward you
hope that answers your question
good luck to you

how did you do today admis?
01-15-2014, 03:20 PMshickman
elgaza says

you see admis, we get chop in this area like I said, this area from 40.5 to 44 area is a place you want to be very careful with, this is a place for scalping 2, 3 ticks with 1 contracts for those who just can't sit on hands and need to be busy, other wise I think we will stay in this chop till the bonds will close in 13min or so, then we will get an idea where the markets wants to go, if I say what I think as to where it will go, using RSI or Fibonacci or anything else, I could do damage to you guys, cause someone could take a trade based on analysis and not on price action, it's OK to say and think where the market may go, but when it comes to actions and clicking the button to take trades IT SHOULD ALWAYS GO BACK to the plan and strategy, go with the trend and not against it, AND DON'T COUNTER TREND if you didn't master trading with the trend yet

OK the market is going down now, I'm gonna look for shorting if it breaks those area again

good luck to us all
01-15-2014, 03:28 PMadmis
Quote:
Originally Posted by shickman  View Post
elgaza says:
...
good luck to you
how did you do today admis?
Thank you, quite good but without a greed, but not as extremely awesome as you did. Congratulation!

You certainly know the principle: "market is never oversold or overbought". RSI/CCI as many other oscillators works quite good when the market has no significant trend. In the case of strong trend all of them fails (what should know a novice traders).

Cheers and good luck for you as well!

btw. I don't use any of them, cause I don't trust them at all.

When your normal account will be available?
01-15-2014, 03:45 PMshickman
elgaza says

you are right on the spot, being overbought and oversold with RSI/CCI does not mea it really is, sometimes it means it's starting a trend, if you're in the market long enough, you've seen it many many times, so we do need more confirmation from other sources, that's why I don't always stick to lagging indicators like RSI/CCI/Fibonacci and the rest, I try to read the market by order flow, which no indicator could emulate since it shows you price action within the bar itself not after it's plotted, the rest is just trend and point of reversal for me

now I always look for the institutions to come in play, and if you have the ladder chart as I do, NOT THE OFA, I wish I could filter the OFA to show only the big guys, but we can't so far and therefor I use it for exhaustion signals only, my ladder shows me the institutions ONLY on the chart and that's what I want to see, the rest is really not important for me and even may confuse me more, look at the chart and you'll see how they are fighting amongst themselves there, I don't want to take place in this fight, I just want to take a ride and surf those waves when they come, it's safer and more rewarding

cheers
01-15-2014, 03:51 PMtryitagainmf
Quote:
Originally Posted by shickman  View Post
elgaza says

my ladder shows me the institutions ONLY on the chart and that's what I want to see, the rest is really not important for me and even may confuse me more, look at the chart and you'll see how they are fighting amongst themselves there, I don't want to take place in this fight, I just want to take a ride and surf those waves when they come, it's safer and more rewarding

cheers
@shickman...thanks for helping elgaza and everyone out by re-posting for him.

@elgaza...maybe you covered this before and I missed it but can you review your ladder settings (screen-shot if possible) to show us your settings to see the "...institutions only..."

Thanks, mate!

Cheers!

Mick
01-15-2014, 03:56 PMshickman
elgaza says

you see what I mean, analyzing could get you in trouble if you can't read market context, your decisions should be based on the chart not on futures thoughts, cause you're not an investor, you're a scalper, or should be
you know guys the banks themselves are scalping and I read once that the institutions are trying to make ONLY ONE TICK A DAY, cause they don't use stop loss as I explained before, they are using too much money to be bought just like that, so they don't go for big bites in the market, the commitment of traders report that comes every Fridays and gives a report for the last Tuesday and back will show you the the REAL COT shows that the institutions are scalping and don't go to sleep with their positions open, the market has changed since the year 2000 what used to be an average trade of 4 years turned into 4 months than 4 weeks, 4 hours now it stands something like some minutes or so.
01-15-2014, 04:08 PMshickman
elgaza says

I have posted the whole thing before and then the templates for the ladder again cause I made a mistake there so scroll back and look for that posts, but I will show you the picture now and explain it.

here is a picture of my ladder and we are about to break this area downwards I GUESS

http://uploadingit.com/file/ekjpvmxr...01_15_2014.jpg
01-15-2014, 04:21 PMshickman
elgaza says

look at the last bar IT'S CRAZY you don't see such a fight on other bars like this one, do you know how much money is being spent here?
do you want to be involved?, not me not right in the middle of it I don't, we're are too small to go against it and ANY TRADER IN THE WORLD RIGHT NOW going in this level IS A GAMBLER, from a professional point of view the odds are not with you here to any side, get it? this cannot be seen in ANY INDICATOR OR EVEN OFA cause in the OFA you get lots of clusters in all the bars and even if you managed to figure out where they came in it's very hard to do that, in this chart, just with a glimpse of the eye you know EXACTLY TO THE TICK where they are holding and your decisions should be much much more calculated than just to gamble or go with an overbought or oversold indicator just like admis said before, "(what should know a novice traders)." it's something you acquire from experience or other learned traders
01-15-2014, 04:32 PMexp48967
Quote:
Originally Posted by shickman  View Post
elgaza says

I have posted the whole thing before and then the templates for the ladder again cause I made a mistake there so scroll back and look for that posts, but I will show you the picture now and explain it.

here is a picture of my ladder and we are about to break this area downwards I GUESS

http://uploadingit.com/file/ekjpvmxr...01_15_2014.jpg

Where study to read the ladder?

Thanks
01-15-2014, 06:27 PMIl Quotidiano Gratis
Quote:
Originally Posted by Stefco  View Post
Hi Il Quotidiano Gratis .. thanks for that interesting setup with volume colored channel and is that fibo retracements/extensions in %. Could you show me the BBT_volume_pressure divergence and does it indicate a turning point in price action beforehand. Elgaza did challenge anyone with a better strategy so you never know!
Hi mate
That % on the chart are % of volume each swing. (Watch volume divergences)
BBT_volumepresure are on panel 4 (bottom), If you want to watch it Then should take off woodsCCI...so with another indicator we can see its divergences (green and pink solid line)plotted on the chart and on indicators.

CCI and RSI are good to alert yourself a new reverse...

Other indicator can just suggest an entry on the market without lost many ticks...

Good system thank again elgaza
01-15-2014, 10:34 PMelgaza26
Hey guys, I don't know what's with all those moderators on this site, I've sent them so many messages to all of them and not even a reply, had to create a new user name, oh well let it be this way, you better not change you email address in your profile cause you'd need to wait for reactivation and NO ONE WILL ANSWER YOU
01-16-2014, 09:27 AMforexmaniac84
Can anyone tell me the logic of the RJay's Renko Hybrid and Navi Bars? Thanks
What is good about them?
01-16-2014, 11:25 AMexp48967
@elgaza :

Quote:
Originally Posted by exp48967  View Post
Where study to read the ladder?

Thanks
01-16-2014, 12:51 PMelgaza26
Hi guys I'm back, I had some problems with my internet connection today and woke up late as well cause of trading last night
so hope you're having a good day, I'll be posting my trade of last night in a minute
01-16-2014, 01:01 PMlongboat
elgaza great thread thanks! I can't seem to get the template and dll's working. Do you have to post every dll and template into NT >bin>custom>indicator and NT>bin>template>chart individually and then compile the indicators? I imported the zippped ones, but having trouble with the NT7 folder that has the dll's and templates. Sorry for being ******. Any help would be great.
Longboat
01-16-2014, 01:13 PMelgaza26
Hi there so this is what I did last night while you guys were sleeping, lol


http://uploadingit.com/file/jaehxetn...y%202-05AM.jpg

http://uploadingit.com/file/4unxbmbk...%20Morning.jpg

Well ofcaurse I put a stop loss and profit target, I wouldn't go back to bed without it, but when I've placed the trade I did not cause I was right there setting it up

http://uploadingit.com/file/wmzrk61c1m6vcgjc/Target.jpg

http://uploadingit.com/file/3przkf9v.../BigScreen.jpg

you see how it went up from there and then continued to go down

guys, I heard some say they don't like the RSI/CCI or what ever I got on the screen, I use those for market context not for entry/exit
most of you are looking in every indicator you have on your screen for entry/exit signal, don't you? if you have 5 indi that gives you just that YOUR IN TROUBLE

good luck
01-16-2014, 01:32 PMelgaza26
OK thats better and in order
01-16-2014, 02:42 PMelgaza26
Here is another $375 showing exactly how and why I took this trade
hey guys is anybody following this?
I think I'm alone on this thread, lol

Entry:

http://uploadingit.com/file/elb5dqci3my7xghx/Entry.jpg

OFA

http://uploadingit.com/file/lmbrymsjeqpwplvw/Entry2.jpg

MP

http://uploadingit.com/file/ohqam8ilbwsx5wfy/Daily.jpg

Exit

http://uploadingit.com/file/vjwqslfz8y9rhdr8/Exit.jpg

and you can see what a perfect trade that was, the exit target was right at the very bottom, leaving me 1tk to be sold out, it went down to 1837.75 getting me out and than retraced right up
and the reason is on the daily chart look at the market profile 1837.75 is the lowest point at that area

goodness lately I'm getting quite a few PERFECT trades
01-16-2014, 03:41 PMNukem
I just don't see 1837.75 as being the lowest point on the daily MP chart. Maybe a pic might help me distinguish the differences between mine and yours plus help anyone else whose chart might not match to see the same.
Thanks
ps,
Thank again for sharing your setup. Never have watched the large filtered orders like this. Gives you the alert that theres a battle going on so better get out if on the wrong side instead of hesitating and thinking it might come back.
01-16-2014, 04:04 PMelgaza26
Here is another one but this one is a miracle not recommended for any trader out there and you see what happened right after I got out, it went up so much I didn't even see it coming, only now the buyers are coming in collecting for tomorrow

Entry:

http://uploadingit.com/file/zwvhxojf4o2bkxmg/Entry.jpg


Ladder:

http://uploadingit.com/file/byz3b0h1jvrm7pym/Ladder.jpg

Exit

http://uploadingit.com/file/1gbndksokf8czo8y/Exit.jpg



Nukem it's not the point of rejection for the session but for this area only, it's the lowest point in this cluster
01-16-2014, 04:23 PMelgaza26
So as I marked last night the 1835 area did in fact became the next area where the institutions felt comfortable trading at, I knew that there's gonna be lots of churn at the 38 39 area there is a belly on the MP but not as big as the 35 area so that's why I put my profit target in the 37 above the 35 36 area

does anyone utilize this info or is it too hard to understand???
drop a line tell what you think?

thanks
01-16-2014, 04:41 PMexp48967
Thank you.

I'm learing, can you explain me what are those numbers and the yellow rectangle painted around numbers:

http://uploadingit.com/file/foq3emwi...kz/Cattura.PNG

then can you explain how to read this colored volume bars:

https://www.diigo.com/item/p/qprdqoczbsopcqssazbcooqsqb


great reading you.
01-16-2014, 04:50 PMelgaza26
Hi, and thanks exp48967, one day you'll do well, only those who want's to learn and ask questions will do well, the rest will still look for indicators on this site and alike

so those number on top or the bottom of the bar are called COT but it's not the real COT that is advertised by the exchange on every Fri, it's just a calculation of a delta on a reversal, meaning if it got to the top of a bar and started to go down from there it will calculate the delta on that little retracement, but they call it COT, by the way COT means "Commitment Of Traders" which means how many trader in that bars really are holding still on their positions, so you see why it could never be the real COT cause if someone buys now and sell it on the same bar, you'd still add him to the buyers and sellers column, but it's better than nothing
the yellow frame around the cell is "Point of control" meaning that tick had the most trading volume in the whole entire bar these are the cluster and pivots you want to look for, so if you want to go up and the price is right under a yellow cell, you don't want to go long cause it takes a lot of money to break the point of control, you want to go in when someone else broke through

I hope this was clear enough.
cheers
01-16-2014, 04:55 PMelgaza26
OH ya, and those volume bars, it's just volume bars but the colored bars are the significant bars and you want to pay attention to them, most of all you want to pay attention to big huge bars cause as I said so many times here before if you follow this thread, VOLUME PRECEDES PRICE. look at my trade above and I point to the volume bar where it got to 18,000 something should drive the price north or south, I look at the ladder and the OFA on these bars to see where the pressure is pointing to, you'll get great signals to go up and down before even the N@vi Tr3nd appears, most of all in the 6tks, cause that the easiest one to figure out which direction it pushes to, you just look at the 2tks and you'll know where it's want's to go

on that alone you could do tons of money.
01-16-2014, 05:07 PMNukem
Quote:
Originally Posted by elgaza26  View Post
does anyone utilize this info or is it too hard to understand???
drop a line tell what you think?

thanks
I have a little experience with MP but never understood it as you've explained such as where institutions feel comfortable trading etc. Haven't used it for quite awhile but is refreshing to get a different prospective of the market. Thanks for your time and effort posting all the charts.
01-16-2014, 05:21 PMelgaza26
i advise you to read this thread from the beginning i give a lot of advices and tips
01-16-2014, 05:51 PMIl Quotidiano Gratis
hi guys
i need help with this indicator D3spotterRSI , in my studies on 6E i noticed that when D3spotterRSI lines crossed themselves its a good signal when there is a confirmation reverse...i d like to ask if someone of you could please put an sound alert when the cross happen

much thank's for your help

take care

Indicator D3spotterRSI here --> http://www.sendspace.com/file/msye1h
01-16-2014, 06:06 PMelgaza26
I wish I had that for the RSI when it gets %80, I'd like that much better than the divergence sound
I also wish someone could code a sound for the CCI when it touches the +-200, for the turbo line and the CCI lines
so if someone could do us these favors it would be much appreciated and useful to all
thanks
01-16-2014, 06:52 PMthaomoua
check out these site to convert text to sound.

http://www.fromtexttospeech.com/
http://www2.research.att.com/~ttsweb/tts/demo.php


my bad, I read it wrong. I assumed you wanted a custom sound. :)
01-16-2014, 07:20 PMelgaza26
thanks but how in the world does that suppose to help?
the changes need to coded into the indicator, to make a sound when a condition is met. ;)
01-17-2014, 12:36 AMforexmaniac84
elfgaza26,
Can you tell me what the logic of Navi Bars is? Isnt it heiken ashi? coz i noticed they move different from normal bars.Any range counter to know when the bars are going to complete itself?
01-17-2014, 02:55 AMIl Quotidiano Gratis
Elgaza

do tyou use different woodsCCI??? there is one more yellow line then your pack... look pictures
i never known before... i am try to stady this woodsCCI
best day all one !!!
take care

http://my.jetscreenshot.com/19530/20...-febh-32kb.jpg
01-17-2014, 04:37 AMadmis
Quote:
Originally Posted by forexmaniac84  View Post
elfgaza26,
Can you tell me what the logic of Navi Bars is? Isnt it heiken ashi? coz i noticed they move different from normal bars.Any range counter to know when the bars are going to complete itself?
I see it's extremely important for you. I don't know only why?

NaviBars is an indicator not a Bar Type. It's kind of momentum or trend trigger ind. Are you able to read a #c source file with an understanding of its logic?

The following part of c# code is all the logic behind it:

   
01-17-2014, 05:36 AMelgaza26
Good morning guys and girls
for all those new comers with a lot of questions that were asked few times before, I urge you to read all the posts from quite the beginning of the thread, not just for setup and charts related but for understanding how I trade, I think I gave very valuable information over the past on this thread, and if I were you, I'd go from post #1 and read every post of mine, you'd find a lot of info about market mentality, tips for trading, instruments I advise to use and other I don't, very important info about many trades I took and with detailed explanation as to why I entered and where I chose to exit, chart setup and indicator explanations, if you are serious about trading and hungry for some valid information do yourself a favor and just read all the posts at least mine if you don't want to read all the thread, than all your questions I believe would be answered, this is what I WOULD DO if I thought this thread was important for me to gain some knowledge, I think most questions are being answered here, so it's not just the charts I supply and indicator explanations bult darn good trading tips as well, I don't know who else would be willing to give such info for free out there, I wish I had that kind of info when I started back in 2000, well anyway I wish I could stick this post right now to any page you open on this thread for anyone to read

good luck to us all and enjoy this thread, I do, there are many nice guys and girls participating on this thread that I like to wish best of luck, although I don't like to use the word luck when it comes to trading, but better yet best trading journey to you all.

elgaza
01-17-2014, 06:01 AMadmis
Quote:
Originally Posted by elgaza26  View Post
I wish I had that for the RSI when it gets %80, I'd like that much better than the divergence sound
I also wish someone could code a sound for the CCI when it touches the +-200, for the turbo line and the CCI lines
so if someone could do us these favors it would be much appreciated and useful to all
thanks
...
the changes need to coded into the indicator, to make a sound when a condition is met. ;)
As a proof of my gratitude for your exceptional contribution, I'm going to make (an alert extension into a selected by you indicator (CCI & RSI). I know you like a WCCI. What about an implementation of RSI, which one you prefer most?
Thanks for all. Please continue your good work here even if you have an impression nobody is looking at it...
01-17-2014, 06:03 AMadmis
Quote:
Originally Posted by elgaza26  View Post
Good morning guys and girls
... I don't know who else would be willing to give such info for free out there, ...

elgaza
I know at least few of us. Something we have given as well here...;) for free...
01-17-2014, 06:07 AMelgaza26
hey admis this tip is mostly for you cause you were the first one to ask about it
a lot of people make the big mistake as I explained before if you read my posts, every indicator they put on the chart, they want it to give them an entry and exit signal, THIS IS ONE BIG MISTAKE being made by most amateurs and beginners, and that's why most people are STILL IN SEARCH FOR INDICATORS that will do the job for them, I believe that the chart I gave here is ALL YOU NEED TO TRADE ANY market out there, and if you add to it or take off, you might have too much info on your screen that will shaken you ability to make a clear cut decision as to take the trade or not, in order to make a trading decisions you can't look at gazillions indicators and MAKE THE SAME DECISIONS all the time, it's impossible, at least not for me, I can't have such a brain that make so many analytically decisions the same all the time

now why am I saying all this is because admis once asked why do I have CCI or RSI on the screen, and how do I utilize it in my trading, I have on my screen 60m, 15m, and the Daily charts as well as the 6tks and 2tks RJ's RenkoHybrid, as well I have the ladder and the OFA structure of 6,4 with exhaustion signals only, that's all I have AND I DONT WANT ANYTHING ELSE, for me this is more than enough, admis look what happened at 2:30 this morning on the 15m charts, the CCI reached the -200, and I made a post earlier last night saying I wish I could have an alarm to alarm me when I get to those levels on certain charts, I would wake up like a tiger, to take that trade up, and look what happened there it went up from 36.5 to 42.75, we got the triangle too, but the CCI gave an early warnings even before we got the triangle plotted, I remember admis you mentioned you don't use them cause you don't trust them, well while you don't trust them I made a darn good living from them, but the only difference between me and many others I don't look for entry signals with those, I just read market context with it and getting ready to fire up when everything else lines up

so guys I really don't know how else to stress it here, but just expand your 6tks chart to the whole screen with the chart setup I have and tell me if you ever seen a screen with better signals than that, and if you can't trade a screen like that, YOU WONT BE ABLE TO TRADE ANY KIND OF SIGNALS being generated by ANY INDICATOR OUT THERE, you get tops and bottoms signals, and early warnings by the CCI and RSI, please do yourself a favor and don't add or take off indicators, just learn how to use this chart, it's all you need, it took me few years to realize this, I WAS NO DIFFERENT THAN MOST OF YOU OUT THERE, look for the holly grail and had good indicators that gave me good signals, BUT IT WAS NEVER ENOUGH cause the problem was not the screen but ME I was lacking the knowledge, I wanted an indicator that will give me not only good signals but also one that would save my ass from making mistakes in trading, today I'm a bit smarter than that, and know that with only few indicator as shown here I have EVERY THING a trader needs to make a darn good trading decision and make a good living with

if you really want to be successful in trading you got to treat it like a business, you wouldn't look for someone else to do your job in what ever you guys are doing right now, right? you'd do it yourself and get paid for it, some people would sublease their jobs just because they get enough work, but when it comes to trading everyone is looking for an automated system all of a sudden and signals and indicators that will come out of the screen and yell at them to take the trade, well it's because the stock market wrongfully is associated with dreams and people don't really want to wake up from these dreams and they decide to trade with no knowledge or enough experience only to realize it was all a nightmare

have a great day
01-17-2014, 06:28 AMadmis
Quote:
Originally Posted by elgaza26  View Post
...
a lot of people make the big mistake as I explained before if you read my posts, every indicator they put on the chart, they want it to give them an entry and exit signal, THIS IS ONE BIG MISTAKE being made by most amateurs and beginners, and that's why most people are STILL IN SEARCH FOR INDICATORS that will do the job for them,
...

...but the CCI gave an early warnings even before we got the triangle plotted, ... I just read market context with it and getting ready to fire up when everything else lines up...
...
but the only difference between me and many others I don't look for entry signals with those, I just read market context with it and getting ready to fire up when everything else lines up.

so guys ... just learn how to use this chart, it's all you need, it took me few years to realize this, I WAS NO DIFFERENT THAN MOST OF YOU OUT THERE, look for the holly grail and had good indicators that gave me good signals, BUT IT WAS NEVER ENOUGH cause the problem was not the screen but ME I was lacking the knowledge, I wanted an indicator that will give me not only good signals but also one that would save my ass from making mistakes in trading, today I'm a bit smarter than that, and know that with only few indicator as shown here I have EVERY THING a trader needs to make a darn good trading decision and make a good living with
...
What to say. I agree with you at all. Please read my posts #395/6.
Quote:
What about an implementation of RSI, which one you prefer most?
01-17-2014, 07:47 AMelgaza26
I'ts not what I prefer most, each indicator plots the characteristics of the market according to the way it calculates it, CCI is not RSI, and I don't prefer one over the other I use them both, for example the 60m CCI right now at this minute has crossed the 200 downward, so pay attention for some down moves, while the RSI is only 60 on the 60m, so each one will give you it's own reading
01-17-2014, 07:49 AMelgaza26
I'm probably gonna wait for a retracement up on the 2tks and than look to short it with cautions

Offline Sojourner

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Re: elgaza method
« Reply #11 on: March 12, 2014, 12:08:41 PM »
admis
Let me make my summary in your thread:

I can only say, elgaza presented to us his system which really works.

No one should mindlessly copy any system (even this one) without:
- its fully understanding,
- reading the context of the market;
- adaptation to their mentality and a perception
- getting knowledge
- spending a lot of hours on practice and exercises in trading (demo)

There are no shortcuts to success!

Additionally read carefully the quote posted by tradernate here:
http://indo-investasi.com/showthread.php/23753-N-viTr-der?p=307802&viewfull=1#post307802

and for all new readers:
Quote:
Originally Posted by elgaza
I urge you to read all the posts from quite the beginning of the thread, not just for setup and charts related but for understanding how I trade, I think I gave very valuable information over the past on this thread, and if I were you, I'd go from post #1 and read every post of mine, you'd find a lot of info about market mentality, tips for trading, instruments
Thank you very much elgaza.
Amen.
01-17-2014, 07:54 AMelgaza26
I wasn't around to notice it earlier, I definitely would have shorted it from the 42 area, and if you ask me why, then it's pretty much screaming at you on the 2tks chart, look at this heavenly gifted setup with the %85 RSI this is where I drool, if I was here I'd go with 10 contract down to 39.25 area blindly
01-17-2014, 07:57 AMelgaza26
and as we speak we just got a red triangle plotted on the 6tks, the RSI gave us an early warning, THIS IS WHY I HAVE MY CHART THE WAY IT IS, guys, I should tell you, with this kind of setup alone, you can make almost %100 successful trades, with close to %0 risk, I mourn when I see what I missed

bummer
01-17-2014, 08:14 AMadmis
But I'm not interested where to use these indicators and how. My question concern an implementation of these indis. In which particular implementation should I make an alarm extension? In a standard RSI suplied by NT or maybe you have another one that you prefer?
Cheers,
01-17-2014, 08:22 AMelgaza26
OH, got it sorry, I use the D3SpotterRSI, which is a regular RSI with divergence, the only changes I added to this indi, is I coded the extra lines to show, the %10,%20, %80 and %90, so that's why I use this one, if you could for this one it'll be great this way we don't have to plot 2 indi's one on top of the other.
thanks
01-17-2014, 08:36 AMelgaza26
yup, have I taken the 42 short if I was here, I'd have a very very nice Friday, but I didn't!!!
01-17-2014, 08:56 AMelgaza26
you see admis, this big move was easily predicted by the +200 CCI in the 60m chart, you just know there's gonna be a big move on such time frame and then we see more than 6 points move to the down side, so you can't take it right away and short it, but you go back to basics and the chart and use this info along with your signals to go short, and you'll be very very successful this way.
I wonder how many people out there are taking in all this info cause we got 14k viewers and not too many people ask questions, I hope it's clear enough that you don't need to ask questions
01-17-2014, 09:00 AMadmis
Quote:
Originally Posted by elgaza26  View Post
you see admis, this big move was easily predicted by the +200 CCI in the 60m chart, you just know there's gonna be a big move on such time frame and then we see more than 6 points move to the down side, so you can't take it right away and short it, but you go back to basics and the chart and use this info along with your signals to go short, and you'll be very very successful this way.
I wonder how many people out there are taking in all this info cause we got 14k viewers and not too many people ask questions, I hope it's clear enough that you don't need to ask questions
Unfortunately I'm not trading today because of other duties but good luck for you!
01-17-2014, 09:05 AMelgaza26
Hey thank you, I see you still have sometimes to watch the market, that's good, I too wont have much time today, Fri are short days for me and I'm hoping to make this trade profitable right now, I'm long from 37 and as I write this I just got stopped out with 1tks profit with 10 contracts, oh well at least I didn't lose, but I'll post it anyway so people see why I took this trade and why I think it still could go up from here
01-17-2014, 09:33 AMelgaza26
OK on this one I took my chances and tried to go up counter trading, and as I mentioned if you're not skilled enough to do that DONT, never the less I do explain why I took this trade

Ladder:

http://uploadingit.com/file/pqxnxavi7pzln1bl/Ladder.jpg


2 ticks cart:

http://uploadingit.com/file/yeaynw4rgfnywowi/2tks.jpg

and got stopped out with 1tick profit, didn't quite want to lose on this one as we are very close to opening so it's gonna get really unpredictable soon


Daily:

http://uploadingit.com/file/dpgnujk3sdk8lmrb/Daily.jpg
01-17-2014, 09:40 AMelgaza26
we are in a critical point, look at the 60m chart, we are in a MAJOR support here, and that's why you see that a 9:30 we're not moving so much
01-17-2014, 09:42 AMelgaza26
so I took 37.75 long, don't know how long it's gonna take me, so this time I'm just gonna trail it up
01-17-2014, 09:50 AMelgaza26
got out as soon as 2tks chart showed me +200 on the CCI wanted to take it up again when retraced but look what happened I made a decision upon what I wanted, not what was happening, made 1 point on this one but with 10 contracts, I hoped for more
01-17-2014, 09:58 AMelgaza26
made on point didn't even have enough time to snap a pic it was so fast

Entry

http://uploadingit.com/file/ddqybx3esvaxlen6/Entry2.jpg

2tks

http://uploadingit.com/file/c25cxj1aeegjaana/2tks.jpg

OK guys now you know what I meant all the time when I say the less you have on your screen the better you're decision will be, I don't have too many things and when I do get a signal from what I have I can quickly make a swift decision and get out of a trade quick enough not to lose, if you put too many thing on, YOU WONT BE ABLE TO DO THAT, I know what I'm talking about

is there anybody there that doesn't quite agree with me on that?
01-17-2014, 10:06 AMelgaza26
but seriously for all other traders, I'm used to do this kind of trading, and I did mention it before on this thread, that the trades I lose the most are the counter trades
look at the 6tks chart we got a signal to go short from 4250 at 7:55am EST, if you took all the short opportunities we had here, you'd do way better that I did today, and much safer, as I said there are ENOUGH signals and opportunities in this system to make you many trades a day, you just have to be discipline and not so greedy, You'll do VERY VERY WELL
01-17-2014, 10:11 AMadmis
Quote:
Originally Posted by elgaza
...
if you put too many thing on, YOU WONT BE ABLE TO DO THAT, I know what I'm talking about

is there anybody there that doesn't quite agree with me on that?
I do not suppose. Keep on doing that!
01-17-2014, 10:15 AMelgaza26
for those who don't really like the RSI and CCI, someone before, I forgot who, said he wanted to replace them with something else, well if it's signals you're looking for, than you have them on the screen already, don't work with too many signals, but on occasion like this as we got few moments ago, I'd pay money to be told of such market reactions and they don't come so often, but when they come, you won't be disappointed you had it on your screen

if you follow this thread, you'd notice how we mentioned here about the RSI on the 60m and how I took advantage of that at night, how we mentioned early this morning about the +200 CCI on the hourly chart and said how we are going to see some big movement to the down side and look we went down almost 10 points from that moment, a CCI and RSI reading of the market on the bigger time fame ARE YOUR BEST FRIENDS when they come I put my glasses on and watch the market like a hawk, how much money would you pay for someone to come and tell you the market will drop 10 points? those guys will do it for free, lol

it won't happen every time but when it comes take a wine glass and celebrate
cheers
01-17-2014, 10:17 AMadmis
I urge other members to ask questions to elgaza. Please remember: there are no s t u p i d questions. ;)
Cheers,
01-17-2014, 10:19 AMelgaza26
Ha, my teacher used to tell me that, she said there is not such thing as s t u p i d question, but sometimes there could be some s t u p i d answer
good one admis
01-17-2014, 10:28 AMadmis
Quote:
Originally Posted by elgaza26  View Post
Ha, my teacher used to tell me that, she said there is not such thing as s t u p i d question, but sometimes there could be some s t u p i d answer
good one admis
I know that adage until end. It seems both of us had the same teacher? :D Don't be afraid about your answers.
01-17-2014, 10:32 AMelgaza26
take a look at the 15m CCI at 10:00am we got -200 reading there by the turbo line, and from there we're up 5 points need we more signals than what is already there, CAN YOU PROCESS all this data, just the few one we have if you have to look on every chart is enough of brain damage why add more, work with this and take your trades when they come, I STRONGLY BELIEVE THAT ANY SIGNALS GENERATED MORE THAN WHAT WE HAVE HERE WILL BE WAY TOO NOISY AND RISKY to take, these are less noisy and less risky to take, but I said before I'm not the gambler type of a trader, and would much rather take the safe one than those highly risky one, when they come I just add more contracts and the reward I get is like 10 trades of other guys taking other trades
any way that's me every one has his own style he feels more comfortable in, I'm just trying to stay in the game
01-17-2014, 10:43 AMadmis
Have you seen that: this thread has already 14,229 views! A most of the members are reading in silence...:-? Why? Come on, gals & guys!


11:09am EST Views: 14,359
01-17-2014, 10:45 AMelgaza26
I don't want to predict too much into the future here but we could see the 1831 area coming to play, could very well be today and if we are we're gonna stay there for a while
01-17-2014, 02:53 PMIl Quotidiano Gratis
anyone have problem to overlay woodsCCI and BBTVolumePressure in the same pannel ?? Like in picture

http://my.jetscreenshot.com/19530/20...-pdnm-14kb.jpg

i have tried but i always got BBTVolumePressure overlay to woodsCCI , so i can not watch BBTVolPressure.

anyone can help me to change the overlay pannel like in picture?

Much Thank

http://my.jetscreenshot.com/19530/20...-dxgo-22kb.jpg
01-17-2014, 03:07 PMexp48967
If possible I need additional explanations:

https://www.diigo.com/item/p/qprdqoczbsoqeqprozbcoprrsdù

In the daily volume what mean colors?
Ex: red bar inside orange one or blu inside orange?

@both gurus ;) how many hours trade you a day?

Thanks
01-17-2014, 03:14 PMIl Quotidiano Gratis
Quote:
Originally Posted by exp48967  View Post
If possible I need additional explanations:

https://www.diigo.com/item/p/qprdqoczbsoqeqprozbcoprrsdù

In the daily volume what mean colors?
Ex: red bar inside orange one or blu inside orange?

@both gurus ;) how many hours trade you a day?

Thanks
Those circled number are COT. relation between up/down tick and number of contrants in bis/ask. The COT is contract still opened for each bar
01-17-2014, 03:35 PMelgaza26
Hi guys here is my last trade for today, and I waited in patience for this:
Didn’t quite see the strength in the market so I did decide to short on this wave down, I posted before that the next level I see the institution going to is the 1831 area, when we rode up to the 40 which is the point of rejection again I wanted to see where does the market wants to go when I saw it was going under the point of control on the 6tks I decided to go short big time and I did make the right decision this time, my patience paid off for today and it will be my last trade for today, got to get ready here
So here are the pictures

2tks:

http://uploadingit.com/file/vy8pbtv3yacambk8/2tks.jpg

Daily MP:

http://uploadingit.com/file/1bzdxsddrjpn1zim/Daily.jpg

Exit:

when I wanted to exit I made a mistake that happens to me quite a few time as you can see on the screen so PAY ATTENTION AND DONT DO WHAT I DO HERE
I'm sure it happens to some of you out there, instead of placing a BUY limit order I put SELL order limit for another 10 contracts but changed it quite after I snapped the picture, didn't even have time to take another one cause it got me out already with 3.75 points totaling $1875, I'm good with that to end my week here

I chose this exit target cause on the Daily MP look up, the point of control is 1832.25, this time I gave myself only 1tick spread not 2 cause the belly there is huge and I had no doubt it will retest the point of control, I felt very much to keep it going down, but for me I'M NOT GAMBLER and when we get to point of control on a daily chart we usually see retracement so I got out on that tick pocketing 3.75points, I'm happy with that

but you see I did say much earlier that we are going to see the 31 area revisited and I was right it's still going down but I think we will end up closing on this area today


http://uploadingit.com/file/oqdzdmcd6snuz5lx/Exit.jpg

Hey guys don't waist too much time settings up your screen or indicators and stuff like that spend time in practicing the strategy, IT'S WAY MORE IMPORTANT than how NICE your screen looks, or whatever color you chose for the background, use a demo account and practice forget the rest what I've given you is enough, and I've showed it over and over again and again here, I think it should be convincing enough to you all that you don't need anything else than what you have here
just practice

good luck to you all
01-17-2014, 03:55 PMadmis
@ exp48967:
You can watch on youtube a few tutorials:

GOMI Price Ladder Tutorial:
http://www.youtube.com/watch?v=YNcHb1muioA
http://www.youtube.com/watch?v=FRu_cCADbVg
GOMI Metro Updated Indicator Package:
www.youtube.com/watch?v=FRu_cCADbVg

Wouldn't it be better to make your homework yourself?
01-17-2014, 04:07 PMexp48967
Got your words :D

Quote:
Originally Posted by admis  View Post
I urge other members to ask questions to elgaza. Please remember: there are no s t u p i d questions. ;)
Cheers,
Looked some videos but can't find elgaza config that's why i'm asking.


Thanks ;)
01-17-2014, 05:23 PMadmis
Quote:
Originally Posted by exp48967  View Post
Got your words :D

Looked some videos but can't find elgaza config that's why i'm asking.

Thanks ;)
No offense, but probably you didn't. elgaza has described his setup in details and the more he shared with us his templates and indis.

I rather thought on questions concerning the strategy in a style: why, when, if... on a little higher level.
01-18-2014, 01:35 AMexp48967
No offense m8 we are here to discuss.
Before i can ask where and why i want to understand what are these numbers, i'm very newbie have patience.

I did 600 yesterday in demo with elgaza setup but i think was lucky.

Try to search more.

Thanks
01-18-2014, 02:24 AMWanderer
Quote:
Originally Posted by admis  View Post
No offense, but probably you didn't. elgaza has described his setup in details and the more he shared with us his templates and indis.

I rather thought on questions concerning the strategy in a style: why, when, if... on a little higher level.
If I may add to our esteemed educator's point. To my mind, one of the best ways we can show our appreciation for what the 20% at this site do for the other 80%, is to not ask others here to do the work they could have done themselves. If it were not for the advantage that the educators make possible, many of us would not succeed in trading.

Just saying.

W
01-18-2014, 07:32 AMadmis
Quote:
Originally Posted by exp48967  View Post
...
Before i can ask where and why i want to understand what are these numbers, i'm very newbie have patience.
I did 600 yesterday in demo with elgaza setup but i think was lucky.
..
Thanks
Thanks for your frank statement. But you should know, if you don't understand what are you doing it means it is just a gambling.

Try to spend your time to analyse this particular day of trading many times. Repeat it until you can explain each trade you made. Find the reasons why you opened each trade. Based on which clues you've made your decision. In this way you can simply find what you still have to learn, what is important and what is not. Use a market replay feature.
Before you start your analysis try to be prepared:
Find a key levels on your chart, an areas of confluence.

It can be of usefull for you:
Trading with auction market theory and volume profiles:
http://www.youtube.com/watch?v=XQVpdqMPykk
http://www.youtube.com/watch?v=32vPdOf__3M
Market Structure basic tutorial:
http://www.youtube.com/watch?v=Db70EOR-xEc
Creating an Edge with Support & Resistance
http://www.youtube.com/watch?v=ioSaPvfuWEM
The SECRET to Using the Fibonacci Extension Tool:
http://www.youtube.com/watch?v=uY0MKUKkkKg

You will need additionally an order flow tools but only as trigger and only when you fully understand above topics. "Time & sales" it'll be enough on the beginning, but it is another story...

After you finish your studies you may better understand my intentions.

BTW: Can you see any standard indicators used above? First of all you need to understand the market, not an indicators. After then you can add them into your chart but you have to know how to read them and when. elgaza did it and has described in details how he is using his indicators but they are not his priority.
01-18-2014, 11:10 AMexp48967
Thanks admis I understood your intentions, no problem believe me.

I applied elgaza rules and got $600: I have read this 3d 6/7 times from the begininng and write down notes etc, I'm learning and testing.
In my demos I never used volumeladder so as much I test as much I need to know.
I'm also reading these days the Volume L@dder Highlight @ddition 3d at bigm!ke forum, but it looks a bit different from the on elgaza posted.

Thanks for point me to those videos.

Have a nice week end.

My best
01-18-2014, 11:27 AMadmis
It seems you are an elite member of b_m_t. Could you post here some info about "Volume L@dder Highlight @ddition 3d"?
01-18-2014, 12:10 PMexp48967
Something in particular?
01-18-2014, 01:00 PMadmis
Quote:
Originally Posted by exp48967  View Post
Something in particular?
Anything about "@ddition 3d"? What does it mean 3d, a release number?
01-18-2014, 03:31 PMexp48967
misunderstanding: 3d=thread X_X

sorry

volume ladder video:

http://vimeo.com/11696634
01-18-2014, 11:19 PMelgaza26
Hi exp48967 as for your statement "but it looks a bit different from the on elgaza posted." if you read this thread 6/7 times you'd notice that I posted all the indi's and template, and then couple posts after I've posted again the proper templates for the ladder cause I made a mistake on the first one, so if you've downloaded the other templates for the ladder you'd have the exact screen as I do, if it wasn't that clear in the post I'm sorry for that I thought I was as clear as I could be.

and good for you that you've read it few times and taking notes, I believe you're on the right way to become a day trader, this is how I started, and I've learned the rule of thumb "DO EXACTLY WHAT SUCCESSFUL TRADERS DO AND YOU'LL GET THE EXACT SAME RESULTS" That's what I did, I've learned from successful traders and did exactly what they did, now I'm getting the same result and maybe better to some extent, but once you've developed to a point you will develop your own style

what I advice to all the newbie's don't try to do exactly the kind of trades I do, some of them are not for the beginner trader and will take some skill that you'll acquire with time and practice, just concentrate on taking trades with the trend, that's it, don't do any other kind of trading, I KNOW HOW TEMPTING IT IS to take other trades, that was my biggest mistakes those days, I took bigger bites than I could swallow, only to be left at the end of the day swallowing my saliva with big disappointment, if you could take these kind of trades as I mentioned with the trend and stick to it religiously for at least 2 weeks strait and do well with it, I would tell you that you may be ready to go live, cause live account IS DIFFERENT THAN DEMO ACCOUNT, there are other things that you'll have to master as well, but only if you've mastered already the demo account

there's the emotion that you'll see, completely different than when you've traded the demo account, than the fear and greed, now emotions, fear and greed are 3 different things

Emotions: this is confidence, if you've mastered the strategy on the demo you'll have a much better chance to be confident in you live trading and be able to click the mouse when you see a setup

Fear & Greed: well I'll start with greed, if your strategy is to scalp a point, or if the exit point is on a certain calculated tick, don't change your mind thinking MAYBE IT'LL GO A BIT MORE to my direction, you'll be sorry and you'd learn that a safe trade is much more important than making a bit more money to your account, added safe trades will make you a better trader, added trades with greed, WILL END YOUR TRADING CAREER
as to fear, it's a combination of the other two elements of greed and confident, don't be afraid to execute your setup, and if your profit target is farther down or up, don't be afraid to wait for it and say I'd better have that in my pocket then wait for my target, so it's a combination of the two

if you follow those rules and have a simple strategy, not too many indicators up there, it's enough all the different screen in different time frame to follow, you don't need to add other elements to make a decision, I have Daily, 60m, 15m, 6tks & 2tks RJ's Renko, OFA and the ladder, if I had to add one more indicator to all those screen, could you imagine how much time and concentration it would take away from me just to analyze, and I'd never have a clear cut decision, I used to be just like most traders or wannabe traders out there and had all those indi's on the screen, and I always said to myself "AH if I went with this indi I'd make so much" and then I'd say the same thing when a different indicator showed me a good signal and so forth, I was very very confused and COULD NEVER MAKE THE SAME decision again and again, and therefor my results were always changing, I DID NOT HAVE A PERSISTENT METHOD and therefor I DID NOT HAVE PERSISTENT RATE OF SUCCESS, it's that simple, the more simple you keep it the easier you'll make you decision the better the results you'll get, the better chances you'd be a trader tomorrow.

well have a nice weekend or whatever is left of it.

elgaza :)>-
01-19-2014, 12:24 AMIl Quotidiano Gratis
Elgaza please can you repost your template ugraded with overlay woodsCCI ?
Thank you

Offline Sojourner

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Re: elgaza method
« Reply #12 on: March 12, 2014, 12:09:46 PM »
elgaza26
I will soon
01-19-2014, 01:34 AMelgaza26
OK I've updated my indi's and templates also updated the instruction file even for those who are not familiar with NT7 so much
the indicators and chart setup are very easy, just follow the instructions exactly as it says and you should be fine

I have added a picture of my two screens so you can see exactly what I have on my screens and setup yours as mine
I believe that more information on the screen only shows you don't really understand the chart or the market and you'll get more confused and less focused

if anyone thinks that I'm missing something from the screen or if I have too much, I challenge you to please drop a line and explain to me what and why
otherwise guys stick to this and work on you strategy, the more you look out there for the right indicator the more you are away from becoming a better trader, the less you practice on your strategy the less chances you have to make it into the %5 percent of successful traders.

ENJOY

http://www.sendspace.com/file/1ky4pq

I will not share again these stuff you'll just have to come back to this post and download it
01-19-2014, 03:30 AMelgaza26
There is one more thing I forgot to add guys, all this that you see I have on one workspace, but I have another workspace running at the same time with only 1 chart and 1 indicator, I have a 1min chart running there with the GomCD indicator, and the only thing you got to check on this one:

on the settings:GomCD
Write Data = True

and I've also added a variable to windows variables

Variable name: GOMFOLDER
Variable value: C:\Users\%username%\Documents\GOMFOLDER

if you use this variable in windows you'll have to add a folder named GOMFOLDER to your My Documents folder
this will be a folder where the Gomi indicator will record it's data
01-19-2014, 03:44 AMadmis
Thanks a lot once again for your contribution and efforts. Take care of yourself!

P.S. It's getting late in your timezone...I-)
01-19-2014, 03:47 AMelgaza26
ha ha, ya well but when I sleep during the day, I just can't sleep at night, and old dog habits
what time zone are you in?
01-19-2014, 03:53 AMadmis
Quote:
Originally Posted by elgaza26  View Post
ha ha, ya well but when I sleep during the day, I just can't sleep at night, and old dog habits
what time zone are you in?
It's morning in Europe...:)
01-19-2014, 03:58 AMelgaza26
I see so trading for you is usually happens at night, that's tough, I'm at EST time zone and it starts at 9:30am, just perfect, ends up at 4:15pm, couldn't get better, still have time for the family, this is just like any other 9 to 5 job out there, lol
01-19-2014, 04:15 AMadmis
Quote:
Originally Posted by elgaza26  View Post
I see so trading for you is usually happens at night, that's tough, I'm at EST time zone and it starts at 9:30am, just perfect, ends up at 4:15pm, couldn't get better, still have time for the family, this is just like any other 9 to 5 job out there, lol
It's rather an afternoon and evening (+6 hours to EST), but for sure I'd prefer to start in a morning like you.
01-19-2014, 04:20 AMelgaza26
well it's ok there are pluses and minuses to everything :)
01-19-2014, 05:05 AMadmis
In the package of indicators you uploaded you should make some changes as follows:
RJay.RenkoHybridBarChart.X86.dll -> change the name to: RJay.RenkoHybridBarChart.dll
BBTradesTradePack.X86.dll -> not required if you copy only BBTradesTradePack.dll
01-19-2014, 05:14 AMelgaza26
when you place the RJay.RenkoHybridBarChart.X86.dll and the BBTradesTradePack.X86.dll in the custom folder, those other files will be automatically created, so even if you delete those files it will be created again, so you don't want to delete them, the ...X86.dll files are the one you want in those folders
01-19-2014, 05:20 AMadmis
Quote:
Originally Posted by elgaza26  View Post
when you place the RJay.RenkoHybridBarChart.X86.dll and the BBTradesTradePack.X86.dll in the custom folder, those other files will be automatically created, so even if you delete those files it will be created again, so you don't want to delete them, the ...X86.dll files are the one you want in those folders
But what for to leave .x86.dll in the folder. It's required only if .dll is missing...
01-19-2014, 05:23 AMelgaza26
no, those other are automatically created by the .x86.dll, I don't think it will work if you take off the .x86.dll files, it will also create a .cs file automatically, so don't worry about it it's good as it is.
01-19-2014, 05:24 AMadmis
Quote:
Originally Posted by elgaza26  View Post
no, those other are automatically created by the .x86.dll, I don't think it will work if you take off the .x86.dll files, it will also create a .cs file automatically, so don't worry about it it's good as it is.
No. It's not working in this way.
01-19-2014, 05:26 AMelgaza26
what do you mean it's not working? if you don't delete those files everything should be just fine
01-19-2014, 05:30 AMadmis
if you don't delete those files everything should be just fine: You are wright.
I don't think it will work if you take off the .x86.dll files, it will also create a .cs file automatically: You are wrong
01-19-2014, 05:34 AMelgaza26
maybe not on those files, but usually on .dll files in custom folder a .cs file will be created as well, so ya could be these one don't create it
but again it should be left alone as it is and people should know that those .dll files are for NT7 32bit, so you have to run NT7 32bit
01-19-2014, 05:35 AMadmis
Believe me. Let's better stay at trading issues not going into a technical aspects.;)
01-19-2014, 05:39 AMelgaza26
you said it my friend

one more point I should mention here before I'll be bombarded with questions, this package DOES NOT CONTAIN the OFA indicators since so many prefer the .dll file and some the .cs file so I left it out, I use the .cs files and if someone doesn't have it we'll post it here as well
01-19-2014, 05:43 AMadmis
Quote:
Originally Posted by elgaza26  View Post
...
one more point I should mention here before I'll be bombarded with questions, this package DOES NOT CONTAIN the OFA indicators since so many prefer the .dll file and some the .cs file so I left it out, I use the .cs files and if someone doesn't have it we'll post it here as well
Thanks. That's good move. Is it a reason you are still using a previous version of n@vi?
01-19-2014, 05:45 AMelgaza26
well I don't see any changes in the new version you get the same signals so I'm not sure what's new at all
01-19-2014, 05:51 AMadmis
Quote:
Originally Posted by elgaza26  View Post
well I don't see any changes in the new version you get the same signals so I'm not sure what's new at all
There was only a question. Nothing more.I was curious.I can't see any differences too except a names conflict which I had with BigMo in the previous one.
01-19-2014, 06:01 AMelgaza26
the only difference I found is that in the new version they have arrows in the NaveTrend HiLo indicator and it could be the most confusing thing for most traders cause it plots the arrow when it crosses the bottom line down and when it crosses the top line up, they should have plotted it when it crosses it back to the channel not when it goes out of it, you can clearly see how the arrows are not accurate and if one will act upon them he will evaporate his account in no time, any way I don't use this indicator so again I don't see any reason to go for a new one, I wanted to check out the Navi barstop indicator or what's called money profit indicator or what ever they call it

and this is for every reader out there: THE ONLY REASON WHY YOU FIND ME STILL HERE IN THIS FORUM IS, I'M NOT LOOKING FOR INDICATORS BUT ANY INDICATOR THAT COMES THAT HAS TO DO WITH VOLUME I'LL CHECK IT OUT
this is by far the most important indicators related that will draw my attention after this NaviTrend, the second thing and more important, I'm always open to hear from other about new good working strategies, otherwise I don't know if you'd have found me in this forum
01-19-2014, 06:54 AMadmis
I'd like to mention here a quote to rethink during this weekend for all the readers:

"Science is built up with facts, as a house is with stones. But a collection of facts is no more a science than a heap of stones is a house."
Henri Poincare (1854-1912)
what simply you can read as follows:
"A house is built up with stones, but a heap of stones is not a house"
Cheers,;)
01-19-2014, 07:45 AMelgaza26
Hey guys, I owe you an apology, I've received some PM saying that some indicators are missing and templates are not working so I will update the files, test it and will post it again, forgive me, I'm a trader not really dealing with the technical side of the indicators and configurations

wait for the next post
01-19-2014, 08:14 AMNoam
seems like there's a problem with the link of the latest pack, anyone care to upload please?
01-19-2014, 08:22 AMelgaza26
one post before you, if you've read it , you'd save yourself the questioni
01-19-2014, 10:36 AMNoam
Quote:
Originally Posted by elgaza26  View Post
one post before you, if you've read it , you'd save yourself the questioni
my bad, waiting for the next post.. thanks
01-19-2014, 01:41 PMwestvleteren
Elgaza,

I installed today your material and found that the triangles plot with a delay of 3 bars during replay in Ninja. I tried regular 1 and 5 minute bars. In this thrread also other users reported a similar delay of plotting the triangles.
Am I doing something wrong? Do I overlook a specific setting I should appy?
I will await your new install files which you mentioned before.
01-19-2014, 01:44 PMBoyevaya
It's supposed to do that, it's a zigzag type indicator obviously designed to guide the trend
01-19-2014, 01:50 PMelgaza26
Hi westvleteren, I had some issues with my GomMP, I couldn't see all the market profile and couldn't understand why, only now I found out why and I will explain it on the next post with all the indi's, template and all, it will be a post for dummies, that any one out there will be able to install NinjaTrader 7 with all the indicators templates and all with very detailed instruction for people that have no experience at all, cause we get here a lot of repetitions of questions on setup and templates and alike, I urge you to invest some time and read this whole thread in the mean time, cause this problem was addressed already and was given different solutions, and aside from that, I believe you will get a lot of very valuable information that will give you a boost to become a better trader faster, I give instructions here on many aspects of the market and strategies, go and read, hopefully by the time you'll finish, I'll finish as well

good luck and will see you around in trading hours hopefully, we have some very nice guys and girls here who participate with us, you should join too, ;)
01-19-2014, 01:58 PMelishar
Quote:
Originally Posted by westvleteren  View Post
Elgaza,

I installed today your material and found that the triangles plot with a delay of 3 bars during replay in Ninja. I tried regular 1 and 5 minute bars. In this thrread also other users reported a similar delay of plotting the triangles.
Am I doing something wrong? Do I overlook a specific setting I should appy?
I will await your new install files which you mentioned before.
Try to set the Indicator settings "Calculate on Bar close" to "false".
01-19-2014, 02:00 PMelgaza26
Hi elishar it's good to see your name here again, hope you had a good weekend so far
01-19-2014, 02:14 PMwestvleteren
Elgaza,

Ay, Ay Sir ! I am more a M@rketDelt@ trader and used to their M@rket Profile/Footprints, working off the Volume Composites levels. So I am used to see in realtime the info I need and not some bars later as the party then is already on its way and I may miss the best snacks of the party. I will re-read the posts again. Changing calculate bar to false does not do the trick. - but I will re-read the thread.

Maybe there is a way to edit your first post and make that first post the place with the latest versions, the best references (like Admis' excellent links in his post number)? It is good to see that you share your system. I was attracted due to the Footprint you use in conjunction.
Not sure in which time zone you are, but have a good weekend!

***This post edited to show Elgaza***
01-19-2014, 02:31 PMelgaza26
it would be a great idea if I could edit my first post, but this forum doesn't let you do that
working with delta is great and gives you an edge over the regular charts, BUT, the down side to it using only delta is that it's like looking at a picture from 1 inch away, it's hard to see the whole picture with such a strategy, delta is great when it comes to analyzing bars, but when it comes to a bigger picture then delta becomes like most other indicators, not as reliable, I too used to work with delta, maybe not as efficient as you do, but had my share, read the posts as I said and see how I look at the market right now, and you'll see how I make some perfect trades few time here down to the tick, with explanations, and quite a few of them I place my profit target way before it gets there, so such info merge with yours could benefit you, I believe, now with delta you'd have to be a scalper like most of us, but I'm not sure as to how much is your average scalp, I could only guess that it's not going more than 1 to 1.5 point, unless I'm wrong, the bottom line if your strategy works for you, and you have a high rate of success, you should not only stick to it but master it, and I WOULD VERY MUCH LOVE TO HEAR ABOUT IT, this is what we are all about here, to share and benefit each other, this is why I'm still here, to help others as well, I remember my own first steps, and I'm sure you too, so I'm glad you came along here and WE ALL WOULD LOVE TO HEAR YOUR INPUT IN SESSION TIME, we can all learn from each other, I don't claim to be the best trader out there and I love to learn from anyone and everyone, glad to see people like you with new outlook and approach in the market coming in here, please stay and share yourself with us
cheers
01-19-2014, 04:02 PMwestvleteren
Elgaza,

There is a button in the down right corner allowing you to edit your posts (and not from others!). I did a test and edited my post number 474 (with a message to you). So perhaps you can try to edit your first post in this thread. I may overlook something?
01-19-2014, 04:04 PMelgaza26
yes you could but not old ones, I tried :(
01-19-2014, 04:11 PMwestvleteren
I just edited a message from 09-02-2012 See http://indo-investasi.com/showthread.php/19222-REQ-john-maddog-doe-Pls-edu-this-auto-system?p=241323#post241323 in post number 11.
So that is from more than 1 year back.
01-19-2014, 04:26 PMelgaza26
OH right, yes you are right sorry, but I had an issue here with this forum, as you can see my first post, I'm using elgaza as a username and now I'm using elgaza26, I've updated my email address on my account and ever since I can't log in again with this user name, I've emailed them so many times and sent PM to each and every moderator and, was just ignored so I had to create a new username, so ya now that I'm thinking about it I cant change my first post.
sorry that would be very good you're right
01-19-2014, 08:26 PMelgaza26
Listen guys and girls, we had a lot of questions here about the indicators and templates, setups and alike, I've posted before but seems to have some issues with, I am attaching here THE WHOLE entire Trading System that I use, and I have provided a very detailed instruction for dummies and people who don't know anything about computers as well that, they could install EVERY THING from A to Z and eventually have the final product I have, hey if you can't install it, you probably don't speak English, this is a STEP BY STEP type of installation and you can't go wrong here, I use two screens and if you have 2 screens you should have something like this picture showing here

I believe as I challenge many times before that THIS IS ALL YOU NEED TO BECOME A VERY SUCCESSFUL TRADER, that is this is all the tools you'll need, I use just these and I do very well, you can read this thread and see for yourself, I urge you to work on the strategy we show here and IF YOU DO WHAT I DO, YOU'LL GET THE SAME RESULTS, well who knows maybe even better
So ENJOY this final package that includes NT7 all the indicators, templates and instructions as to how to install

Don't forget to CLICK THE THANK YOU BUTTON, =D>

TheCompleteTradingStrategy:

http://uploadingit.com/file/sbtu2xul...wu/Screens.jpg


TheCompleteTradingStrategy Package:

http://uploadingit.com/file/uvcmwlbgmli13f4n/TheCompleteTradingStrategy.zip

I have created the whole entire installation from A to Z to make sure everything adds up and so that you will get the end result properly.

Enjoy and CLICK THE THANKS BUTTON :)>-

Updates:

So here are the latest templates please download them test them and tell me if they don't work for you
This update contain:
All chart templates
All indicator templates (these are in case you load a new chart and apply an indicator, it will be with all the changes already.)
Market Analyzer Gomi Template (this will allow Gomi to record any instrument you wish without loading extra chart)

TheCompleteTradingSystem workspace (this will allow you to load the exact workspace I use with all the charts. you'll need two screens for this workspace to host all the windows
my left screen has the 60m,15m and daily, right screen has 6tks, 2tks, OFA, Ladder)

The best thing you can do is just open the workspace, rearrange your screens and hight and save your workspace again.

Updated on Feb/23/2014
http://uploadingit.com/file/0j9bkrcetbrtin6u/NT7_Template.zip

Enjoy

Offline Sojourner

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Re: elgaza method
« Reply #13 on: March 12, 2014, 12:10:42 PM »
elgaza26
one more little thing, if you open my Workspace don't forget to open the Market Analyzer and set it up to record Gomi stuff, you'll need it, that workspace does not have this MA in it, the instructions as to how to do that is in the PDF instruction sheet

Good Luck to us all
01-20-2014, 12:23 AMbluepilot
thanks for your work and effort, now we have to study and work hard ;) =D> =D>
01-20-2014, 01:37 AMelgaza26
You are very welcome bluepilot, and yes we have to study, but I don't think you'll have to work hard, persistently ya, but not hard, what's hard for me to understand is how other are wasting their time trying to look for something else, only the professionals know and understands signals and can appreciate what we have here, and then use it for their benefit, the rest of them will go away from this thread to other and still look for better signals, I am a professional trader and can tell you with full confidence that I have NEVER seen anything out there that will give me better signals, I did challenge any one out there to please show me any indicator that could give better, more accurate and not as noisy signals that that, as of yet NO ONE has dared to even compare, this with any thing else, and yet I still see other people go and look for something better, this is coming from luck of understanding the market, signals, and the quality of products out there, I'm just lucky to be someone who take advantage of this product and wanted to help others see through this market and have a better chance to become a trader, I do this cause I remember myself in the beginning, wishing someone could be as generous and willing to teach an easy way to succeed in the stock market, someone who is willing to prove to me that being a trader is not being a gambler but rather a profession

so hey if I have helped someone out there to achieve just that or even come a bit closer to be a better trader, than I'm happy, I don't need a pat on the shoulder, I'm being rewarded by my work here and I have my account to give me that pat on the shoulder not someone else

so cheers and good "luck" to us all

elgaza.
01-20-2014, 01:54 AMelishar
Quote:
Originally Posted by elgaza26  View Post
Hi elishar it's good to see your name here again, hope you had a good weekend so far
Hi elgaza, yeah had a good one thanks. I hope yours was good as well. :)

Have a good start into the new week. Wish you good trades! ;)
01-20-2014, 01:55 AMelgaza26
OK now that WE ALL HAVE THE SAME screen it will be much easier for you to follow my steps and hopefully realize and understand why I take the trades that I chose to take, here I just took a trade way before it had reached my entry as you can see and as for my profit target, well I don't know, cause it's not really working hours and we don't see such momentum right now so I know where I usually would get out as I marked here but don't know if I'm willing to wait it out so much, I might just put a stop loss close to break even and let it ride hopefully to my profit target other wise this trade could be long, never the less the principles here is the same as any other trade I did before on this great thread and if you followed my work here you've learnt a thing or two

Entry

http://uploadingit.com/file/ez0qdxbq...01_19_2014.jpg

1834.24 is not a random point for me to enter the market the next picture will show you why I chose this point.

Daily MP:

http://uploadingit.com/file/a3rlq19ydcvchyeg/Daily.jpg

As you can see that I've enter the market right at point of rejection and I allowed myself that tick even though usually I give myself 2 ticks before point of rejection but the OFA will show you why I allowed myself at that point, there's a bunch of retesting at this area already and I DID GIVE MY SELF MY USUAL 2 TICKS as you can see on the OFA 1874.75 is the high of the day and I entered 1834.25 2 TICKS BEFORE so it's a perfect point to enter and it did JUST THAT bought me, went up 2 ticks and look at the market, what's it doing now, going south, just PERFECT TRADE, now when I say perfect I mean that it's a calculated trade, not one that I won and made money with it could just as well turn around and get me out with a loss although I'm a point ahead now as I'm writing this, but MY DECISION to enter was PERFECT and you can see the result.

now I have to decide what to do with this trade at this hour
01-20-2014, 02:14 AMelgaza26
yay I didn't have to wait that long I really thought it will be a longer trade than it did, but luckily for me it did get some momentum and went my way pretty fast as you can all see, my target was 1832 which was point of control on the daily MP, and I just knew it will retest it if not even penetrate it, but it's 2am right now and didn't quite have the strength to stay up for that so I raised my profit target to 1tick above the POC and did get out with a profit of 2points with 2 contracts, now i'll fall asleep much better

EXIT:

http://uploadingit.com/file/n6e3raluselj7ld7/Exit.jpg

But as you can see this was another PERFECT trade down to the tick as of entry and exit and as we are talking right now you see how it stopped at this level trying to realize where to go from here
I got out just in time to save me the churn that's gonna take place here probably.

GOOD NIGHT TO YOU ALL
01-20-2014, 02:23 AMelgaza26
just a pointer, look at the OFA right now, it has got to 1831.75 and started to reverse from there, ya it could still go down but my original profit target was calculated to the tick and it did EXACTLY as I predicted it to do, only I don't have the patient now to wait it out and at this point it's at 1833
ya it was a perfect trade

good night again
01-20-2014, 07:37 AMmastertrader7
elgaza26 thank you for your contribution so far.
It is indeed appreciated.
If i may i want to request a pdf manual on the system itself.
Reasons to enter and exit,what to look for,how to use the different indicators,orderflow etc......

Thank you very much.
01-20-2014, 08:13 AMelgaza26
Good morning everyone, mastertrader7, I urge you first to read this thread from the very beginning, or at least my posts I give a lot of information and I have quite a few trades here that I explain EXACTLY where and why I place my entries and my exits you will notice that I had quite a few PERFECT trades and I explain why they were perfect, not because of the $$$ reward but because of the proper thought and execution that took place with them, I wish I could put this post as a sticky so that any reader would read this and learn, as to a PDF, I'm not a company or someone who is here to sell a product to you guys, I'm here to help and contribute to other traders, as other people here did contribute as well like admis, and so many others, so if you stick around during trading sessions and watch how I trade you could ask questions I'll be more than happy to answer if I could

cheers and good luck to us all.
01-20-2014, 08:36 AMmastertrader7
Quote:
Originally Posted by elgaza26  View Post
Good morning everyone, mastertrader7, I urge you first to read this thread from the very beginning, or at least my posts I give a lot of information and I have quite a few trades here that I explain EXACTLY where and why I place my entries and my exits you will notice that I had quite a few PERFECT trades and I explain why they were perfect, not because of the $$$ reward but because of the proper thought and execution that took place with them, I wish I could put this post as a sticky so that any reader would read this and learn, as to a PDF, I'm not a company or someone who is here to sell a product to you guys, I'm here to help and contribute to other traders, as other people here did contribute as well like admis, and so many others, so if you stick around during trading sessions and watch how I trade you could ask questions I'll be more than happy to answer if I could

cheers and good luck to us all.
I'm sorry but your answer is irrelevant.
ofcourse i read all of the thread,thats not the point.
Just suggested to make the material more concise and easy
to read.
You may ignore the suggestion . :)
01-20-2014, 08:47 AMadmis
Quote:
Originally Posted by mastertrader7  View Post
I'm sorry but your answer is irrelevant.
ofcourse i read all of the thread,thats not the point.
Just suggested to make the material more concise and easy
to read.
You may ignore the suggestion . :)
Don't you exaggerate? As elgaza said: "...I'm not a company or someone who is here to sell a product..."

Hey mate - it is a real adult world. You have to learn to work alone. ;)
01-20-2014, 08:47 AMelgaza26
sorry, I did not quite understand you well, but I don't know if I have the time for this
01-20-2014, 08:52 AMadmis
Good morning elgaza.
Here is a little gift (not only for you):
D3spotter with a level alert.
http://www.sendspace.com/file/b5degp

All of my changes in the source are tagged: //$#$
01-20-2014, 09:04 AMadmis
Can someone enlighten me? As you know I'm not a big fun of indicators the more Woodies CCI. Where is a location in NT the source file of this indicator? :-?
01-20-2014, 09:21 AMminch
.................
01-20-2014, 09:23 AMstocktrader78
Quote:
Originally Posted by admis  View Post
Can someone enlighten me? As you know I'm not a big fun of indicators the more Woodies CCI. Where is a location in NT the source file of this indicator? :-?
@ admis i think its hidden
01-20-2014, 09:28 AMadmis
Quote:
Originally Posted by minch  View Post
ninjatrder.vendor.dll in /bin/custom
Thanks a lot minch!:)
01-20-2014, 09:31 AMadmis
Quote:
Originally Posted by stocktrader78  View Post
@ admis i think its hidden
...
Thanks stocktrader78, minch pointed out to me the right location...
01-20-2014, 09:44 AMelgaza26
Hi guys, just walked in had some family matters to attend, but I see I didn't miss much
admis thank you so much for that, that didn't take you long, wow

I will try it of course see what it does.
01-20-2014, 09:46 AMelgaza26
guys there's news coming in:

09:55 am EST - Consumer Sentiment
Reporting earnings today: BK, CMA, GE, HOMB, MS, MTB, SLB, STI, WBS

probably this is why nothing is happening now, so wait another 10min will see what the news is gonna do to the market.
01-20-2014, 09:46 AMIl Quotidiano Gratis
Quote:
Originally Posted by admis  View Post
Good morning elgaza.
Here is a little gift (not only for you):
D3spotter with a level alert.
http://www.sendspace.com/file/b5degp

All of my changes in the source are tagged: //$#$
thank you.
so, does it alert when the 2 line crossed?
01-20-2014, 09:53 AMorfila
Its an american holiday.. MLK no trading today?
01-20-2014, 09:55 AMelgaza26
orfila ???????
01-20-2014, 09:55 AMAndyS
Futures close at either 11 or 12 US central. Very thin volume, so I don't think its a good idea to take any.
A
01-20-2014, 09:55 AMadmis
Quote:
Originally Posted by elgaza26  View Post
guys there's news coming in:

09:55 am EST - Consumer Sentiment
Reporting earnings today: BK, CMA, GE, HOMB, MS, MTB, SLB, STI, WBS

probably this is why nothing is happening now, so wait another 10min will see what the news is gonna do to the market.
US Holiday: Martin Luther King Jr. Day
All Markets Closed
01-20-2014, 09:59 AMadmis
Quote:
Originally Posted by Il Quotidiano Gratis  View Post
thank you.
so, does it alert when the 2 line crossed?
What you meant: 2nd?
Alert is activated when RSI is crossing custom high and low level. Is it too complicated?
01-20-2014, 09:59 AMelgaza26
and I got that email but didn't read it, you see, no matter how much you're in, in this you have to be prepared, well I got my $200 last night, LOL
01-20-2014, 10:02 AMelgaza26
anybody knows how long the 6E will be opened for today?
01-20-2014, 10:06 AMIl Quotidiano Gratis
Quote:
Originally Posted by admis  View Post
Good morning elgaza.
Here is a little gift (not only for you):
D3spotter with a level alert.
http://www.sendspace.com/file/b5degp

All of my changes in the source are tagged: //$#$
Admis
for good signal on 6E can you put alert (D3spotterRSI) when this 2 lines (Avg and RSI ) crossed? it like this pictures the signal are red and blue arrows
much thanks

http://my.jetscreenshot.com/19530/20...-gakn-97kb.jpg
01-20-2014, 10:09 AMelgaza26
WOW, I take my hat off for you if you can work with this, it makes me hungry for spaghetti
01-20-2014, 10:15 AMadmis
Quote:
Originally Posted by Il Quotidiano Gratis  View Post
Admis
for good signal on 6E can you put alert (D3spotterRSI) when this 2 lines (Avg and RSI ) crossed? it like this pictures the signal are red and blue arrows
much thanks
Because we don't know each other, before I answer you, you should know something about me: I have an aversion to a lazy people...
01-20-2014, 10:15 AMIl Quotidiano Gratis
Quote:
Originally Posted by elgaza26  View Post
WOW, I take my hat off for you if you can work with this, it makes me hungry for spaghetti
someone is very good at judging and creating discussions, without knowing the purpose of some requests.

on 6E that cross is perfect, certainly in the study context as you have explained. alone is an abortion!!!
01-20-2014, 10:18 AMIl Quotidiano Gratis
Quote:
Originally Posted by admis  View Post
Because we don't know each other, before I answer you, you should know something about me: I have an aversion to a lazy people...
i am not lazy!!! just i don't know how to put alert on *.cs file, thank you for your works. i hope you can help me.
01-20-2014, 10:22 AMelgaza26
Hey Gratis, don't get me wrong I'm not judging you, I'm just saying that for me it's too much to digest, and I mentioned before if it works for you and you can make a $ out of it than it's what you need to do, so please it was not meant to insult you in any way
01-20-2014, 10:33 AMIl Quotidiano Gratis
Quote:
Originally Posted by elgaza26  View Post
Hey Gratis, don't get me wrong I'm not judging you, I'm just saying that for me it's too much to digest, and I mentioned before if it works for you and you can make a $ out of it than it's what you need to do, so please it was not meant to insult you in any way
off course :-D i didn't want insult you... i got bad enghish
elgaza enjoy and thank you very much again for your shared!!!
01-20-2014, 10:43 AMelgaza26
OK guys and girls, hey I'm not here to come down at anyone believe me, and not claiming to be better than anyone here, I'm not looking for respect or a tap on the shoulder, so if I've insulted anyone even indirectly please forgive me, this was not my intention.

OK so the ES is closed, thank you orfila for opening my eyes for that, but the 6E is open as it's the futures for the Forex, and if that's what's open than that's where I'm gonna be

I took a trade here, took a short here and these are my reason for entry:

6tks chart:

so again I repeat VOLUME PRECEDES PRICE and when I see a huge volume bar I'm all ready to fire, usually as I was right here

http://uploadingit.com/file/w7vd6ofa...01_20_2014.jpg

and as soon as I got an exhaustion bar on the OFA it was my signal to go short as shown

OFA

http://uploadingit.com/file/d7pgmxgt...01_20_2014.jpg

Exit:

http://uploadingit.com/file/wllgknhohtfjv00g/Exit.jpg

I put my profit target at 1.3557 as you can see I've snapped a pic as soon as it was on my tick
you see the previous two legs formed before on the bottom, the left leg was 1.3555 I gave my self 2tks spread as usual and got out with a profit of 5tks with 2 contracts totaling $125, not bad to start the day like that

this again turned out to be a perfect trade as you can all see right now that the trade went exactly 1.3556 one tick under me and retraced up from there, back to the same tick I entered 1.3562

OK so good luck to us all there, hope it was educational
01-20-2014, 11:10 AMadmis
Quote:
Originally Posted by Il Quotidiano Gratis  View Post
i am not lazy!!! just i don't know how to put alert on *.cs file, thank you for your works. i hope you can help me.
Ok. Believe me nobody is born with all the knowledge...

Let me know where from are the arrows on your chart?
What is a bartype of this chart (seems to be a range)?
01-20-2014, 11:12 AMIl Quotidiano Gratis
Quote:
Originally Posted by admis  View Post
Ok. Believe me nobody is born with all the knowledge...

Let me know where from are the arrows on your chart?
What is a bartype of this chart (seems to be a range)?
any thing same elgaza. when there is cross rsi there is one more confermation on 6E

http://my.jetscreenshot.com/19530/20...-gakn-97kb.jpg

you are not forced to put any alarm. ^_^

enjoy this thread
01-20-2014, 11:15 AMelgaza26
Il Quotidiano Gratis, I know that English is a second language for you and that you have to struggle, but if you could put some effort read this thread from the beginning and most of your questions will be answered, I wish you and every one out there success in trading.
01-20-2014, 12:13 PMelgaza26
OK so this market is not your usual 6E as we're used to see, it moves like the ES today cause of the holiday so things are kinda predictable which is good for us, I don't see strength in 6E as I mentioned before and that's why I allowed myself to take another short here, not crazy just 2 contracts I went for 4tks, now guys if you are scalpers and you go for a 4tks usually that's OK but if you go for more I urge you to pay attention to your exit point, don't just go for 2points in the market cause you'd like to make $100 or cause it's a round number if the case call for 3tks than that's what it is if it allows for more you can just trail it, but as for beginners I advise to take 1point in the ES when ever a setup comes along, until when you trade you don't sweat and you're very confident in your trades

OK so here is the short.

2tks:
http://uploadingit.com/file/b3o1sp92bpunjzmo/2tks.jpg

Ladder:
you see why I took 4tks and not just what I felt like earning

http://uploadingit.com/file/eptsmtqrulsttn3a/Ladder.jpg

Exit:

when you follow your rules YOU WILL BE REWARDED, just be patient and it will come

http://uploadingit.com/file/vylidc2pyefzwk51/Exit.jpg

as I'm writing this I see that this trade was not such a perfect trade, I got out right on the lowest tick, yes I did get out and I did make $100 but this is not a great trade for me as I should have been more careful and go out on the POC with 3tks, it would have been a much safer trade
so I guess I got lucky here
it could still go down, but could is an assumption, and we're are not gamblers we treat the market with respect and we try to have a professional approach

Offline Sojourner

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Re: elgaza method
« Reply #14 on: March 12, 2014, 12:12:11 PM »
elgaza26
seriously guys, I got a PM from someone thinking I'm making this up and that I don't really make those trades, I don't know how to respond to this
but from last night I made 1 trade as it's posted here and today 2 trades totaling $425 I don't do this to prove to you how much I make but if there's a skeptical person who waste his time thinking if I'm making this up than you are in the wrong thread, keep on looking for indicator out there this place is not for you but for those who want's to learn and become a better trader than what they are

DOM: here is a proof of what I made today, this is for you Mr anonymous, and you probably thinking right now that I made that with Adobe photoshop right?

http://uploadingit.com/file/akmfxw0tygod5mud/DOM.jpg
01-20-2014, 01:03 PMwestvleteren
Elgaza,
Please do not get yourself affected when a person has doubts on your honesty. From what I read (and check on my M@rket Delt@) regaring your trades and logic, it makes sense and by no means you are "making things up". I have not yet installed your software, but follow your writings.
Please be aware that for some persons it is a written rule that no one can set any levels in advance upon which one takes trades. Market Profile traders know better. Unfortunatly, Market Profile is not a system where one pushes the buttor when a green arrow occurs or where 2 lines cross. Market Profile forces you to think and have an understanding of the markets - this requires a lot of time and study before one reaches that point. Most traders will not get to that point as they already have abandondend and look for the next holy grail with green arrows and crossing lines. No wonder why most traders do not trade at all or suffer losses.
Your work Elgaza deserves a lot of respect as you try to help other people here at II. Those who listen to you will learn - even if they do not use your system. In this thread also excellent links have been placed - especially by Admis - regarding Market Profile. People who doubt you Elgaza should watch these links from Admis and then - hopefully - they will see that what you are doing is not making up things.
Sorry for my bad English.
01-20-2014, 01:48 PMelgaza26
Hi westvleteren good to see you here again, and thank you for your warm words, I don't this people like that don't affect me but I'm afraid they will affect someone out there who may listen and lose out on some great things we have here all together, I try to calculate all my trades and most of them execute as planed, ya you are %100 right, it takes time and as I mention in one of the posts, "the eye needs to be fed and be satisfied enough" by watching the market, one needs to get used to market moves, I agree that green and red signals are not enough to go in the market and I did mention in big letters in one of my posts that the N@viTr3nd signals are pivots not necessarily points of reversal so one needs to respect the signal and look around to see if this level is to be broken to the up side or down, this is our job to identify the trend and a potential reversal, and when we see one WE NEED NOT FEAR, but that comes with practice and the fear goes away cause you know that when you do the same thing all the time you'll get the same results all the time, you just have to make sure that you do THE SAME THING all the time.
now for most traders the hardest thing is to identify the trend, how many times I've heard traders saying "if I only knew what's the trend, I'd be more than fine", the signals we get here could help most traders identify the trend, we showed here that a signal on the 6tks would set the trend and we take trades with the trend, it works like magic, yes I do show here trades that are not all for the novice, but I did say that if a trader want's to play safe he should take ONLY those trades with the trend and when felt comfortable, he can add another contract to make more income, this is the way to go, what I do is something that I've been doing for a long time now and therefor I have the confidence to take those trades cause I know what will happened most of the time, I've been watching the market for years now, and stick to the fact that what repeated it self for 40 years will most likely repeat it self tomorrow as well, I do lose of course as well but I lose trades, I very seldom have a losing day, cause I try to be PERSISTENT with what I do and therefor my results are PERSISTENT as well, this is what I'm trying to pass on here
having said all that, I do say that this chart I present here is all most traders need to make a smart calculated decision to take part of the market, and I think that for most trader it's also one of the easiest system out there, and I'm not an original, most trader out there use a system that goes with the trend, but this one, almost spoon feeds you to it.
I looked at many trading system out there an saw that most system would give you signal a few bars after the tops or bottoms, some of there way far down or up, some of them only on a retracement and many other examples like that, but the principle is the same, to go with the trend, for a trader who is not used to analyze the market and want's "the easy way out" I believe this system can give him that, we just heard from a newbie here who just started to trade that used this system and made $600, although it was in the sim but still, and I don't know with how many contracts, never the less the idea is that the odds are with you here if you want to take those trades, and I'll say it again, JUST OPEN THE 6TKS CHART AND LOOK AT THE SIGNALS if a trader cant make money with these kind of signals than NO INDICATOR IN THE WORLD will help him make money in the market, these signals have one more edge over others, if noticed, a lot of indicator that could give you great signals like this one, and we do have one like this, it's the D3SpotterRSI that gives very good signals like the N@aviTr3nd, but they are more noisy and will give you signals that you'd have to be careful with, this the Na..Tre.. makes me feel way more comfortable than ANY other indicator I tested before and I went already though more than a 1000 of them in different platforms, and I tweeked the settings of each and one of them, and NEVER got smooth tops and bottoms. that's it
I ask again as I did in the beginning of this thread, if ANYONE knows of a better indicator that gives better signals PLEASE tell me, my trading will be even way better than they are right now, but as of yet no one dared to challenge it as of yet, and I doubt it very much any one will ever will, cause I would know about it already.!!!

cheers and safe trading

elgaza
01-20-2014, 04:35 PMexp48967
Can someone help me with the OFA 6/4?
Can't see into dataseries/type.


Thanks
01-20-2014, 04:55 PMadmis
Quote:
Originally Posted by exp48967  View Post
Can someone help me with the OFA 6/4?
Can't see into dataseries/type.

Thanks
You are posting in a wrong thread!
http://indo-investasi.com/showthread.php/23458-(REQ)OFA-Ninja-Trader-Full?p=307584&viewfull=1#post307584
01-20-2014, 09:57 PMelgaza26
Don't you hate it when you come back to your computer only to find out the the market went up 10points and if this is not enough in the 2tks chart RSI has reached to %90, one slap on the face was enough but two
01-20-2014, 10:52 PMTraderbeauty
shorted 1842- its aprox the 78 fib of the move- if it goes down from here we have a huge potential target.
for now - going for 10 points, hopefully will wake up with a nice start for the day lol.
Hi Elgaza- i wanted to thank you again for all your sharing which goes beyond simple written word.
you spend a lot of time doing so and everyone here appreciate it all.
I tried to respond and add some pointers with my point of view that can be leading and help in conjunction with your method but i was too busy.
I really like the navi$rader - .
In my trading i look at the previous legs and make a deduction as per where the market should go now, where will it stop and reverse and how far will it go the other way.
Since i am no prophet i need a confirmation at the forecast fib location.
This confirmation has to be fast so my entry will be swift with a small stop. The slower the confirmation is- the bigger the stop is going to be.; on the other hand a too quick confirmation is dangerous and can cause a lot of damage specifically on a strong trend when you keep thinking its going to reverse in a second making a fortune but instead you keep banging your head against the trend wall...
I tried to use many well known programs like kwik pop , trend guider, blue wave and so on- they all look very nice during strong trends but their reaction time is very poor.
The Navi$trader is just between a slow and a too fast confirm indicator and i really like it.Add on top the keltner and i am happy as a kitten lol.
Elgaza- please let me know if you would like to see some intraday fib analysis.
take care and good night.
Traderbeauty-Jane
01-20-2014, 11:17 PMelgaza26
Hi Jane, we missed you and it's good to hear from you again and it's no question that we all want to hear from you and anyone who can contribute to this great thread, just because I started this thread, it doesn't make it mine, IT'S OURS, and we are all benefiting here from each other, ya I also tried it all there and like I said so many times these signals are just right, not too noisy and comes on almost all the tops and bottoms and may I add THE VERY TOPS AND BOTTOMS, I understand very well your point here as to what kind of trader you want to be and swinging between a scalper to a mid swinger, to tell you the truth , the style that fits me most is a swinger, it took me a very long time to adjust and to be a scalper, to me I do better this way and to some other they do better the other way, everyone has to find their comfort zone and excel in it , you know I've seen many many successful trader with so many different style, but the one key that they all possess that makes them all successful is one thing and that's being PERSISTENT with what they do, whether you get %60 or %80 success rate, if you're persistent with what you do, than you'd still be a winner, some makes more and some less, but what differ the winner than the losers is, the winner makes it and the loser lose it, that's it, it doesn't matter who makes more, but how you make it, no one can say to anyone that his system is not good, you can make almost any system work for you, if you master it, and this is what I'm trying to pass on here, to give people the knowledge that to make it, you'll need to stick to one strategy with 2 to 3 setups mostly, and just be an expert in it, that's it you don't need more than that and when you master what you do, you'd be so good in it and so confident that you'd have no fear and obstacles to go with 10 contracts or more when a setup comes up, and that would pay up for all those other different strategies you think that could made you more money

OK now for the trade that you are in right now, so great I just want to warn you from the 40.5 area cause that's point of rejection in this particular cluster and while I'm writing all this it had reached this area and went up again a point, I'll be looking to short this area when we break the 40.5 but for now it's hard to see it coming

good luck to you and great to hear from you
01-20-2014, 11:26 PMelgaza26
This will illustrate what I mean more clearly on the price level and the Market Profile.

so be cautious and set your stop loss in a safe place

MP:
http://uploadingit.com/file/d4e2bzgp...01_21_2014.jpg
01-21-2014, 09:20 AMelgaza26
Good morning guys and girls, and I hope we all had a good weekend, hoping for a successful and fruitful week to come, I want to thank again all our friends here that support this great thread and contribute from their time and efforts, I hope this thread was and is beneficial to you and that you’ve become more educated than what you were before coming to this thread. I have given you guys a lot of material here and trade examples to show you and teach you how you can approach the market and have a good reading of the current status we’re at in every given time, why am I writing all this, so I wanted to make this thread, not just for file sharing but also for a learning place where you can come and see how other traders make it in the market, we have over 18K viewers and to my surprise we didn't get a lot of questions as to how YOU can utilize this info, if everything is clear to you than great, if it doesn't than you need to understand that you are not there yet and could learn a thing or two, guys and girls I wish for other traders to participate and give their 2 cents so that we could all benefit from different points of view
As for new trades you could also, while practicing with your demo account tell us how and why you decided to take trades and maybe some people here could benefit you and broaden your horizons, ok enough said I think and let’s get back to our trading
01-21-2014, 09:35 AMelgaza26
OK so look at post #528 and #529 read it well and see why I took this trade with 10 contracts this morning, last night I did take the trade and shorted 1840.25 to 1838.25 for 2 points, sorry I don’t have the pictures but it was very late at night and I just put my stop loss and profit target and went to sleep as it was 2am, although I only shorted 2 contracts cause there is a lot of strength in the market to go up, now this morning when I saw the market in the same area my eyes where very wide open, cause last night we had a -200 CCI on the 15m chart and at around 6:15am EST we broke it to the up side, I decided to go big time here so went long 10 contracts, I placed my trade at 1840, which is still holding its status as point of rejection for this cluster on the daily MP, my profit target for now is 1845 even cause 1845.5 is VAH on the daily, so I give myself 2tks spread as usual to be able to get out of the market before retracement, but will see how things unfolds before us
Good luck to us all and wishing you all a great successful trading day with us

Entry:

http://uploadingit.com/file/fcdwzqmqoxcnhqhg/Entry.jpg

I'll post my exit later depending on price action
01-21-2014, 09:53 AMelgaza26
Protecting my capital

http://uploadingit.com/file/3xe9v8nztpevgyti/2tks.jpg

The market wanted to retest point of rejection but didn't even go there we were 1 tick above, if we break 1844 the high of the day, I'll be rewarded then
01-21-2014, 09:56 AMelgaza26
we formed a wave on the 2tks chart raised my stop loss to 1 tick under the lowest leg on 41 wish me luck
01-21-2014, 10:04 AMadmis
Good morning elgaza. Is it a big inconvenience for you, if you plot a trade execution marker on your charts?
01-21-2014, 10:10 AMelgaza26
Good morning admis, I'm not sure what you mean? it shows my entry point with the line there
01-21-2014, 10:11 AMelgaza26
OK I got stopped out ad pocketed only 2 ticks for $250, now I know some of you right now are saying “oh he’s so s t u p i d he could have gotten out when he was 3 points ahead of the game and made $1500, I’d be very happy with that” well, I used to think like that in my first trading days when I had no plan or a good strategy, I used to think about the money and how much I made, that’s all I could think of, but today I don’t think this way anymore, I think of the trade and price action, I concentrate on the strategy and TRY TO KEEP ON BEING CONSISTENT so I don’t get too excited when I get stopped out, it’s a matter of good calculated decisions, it’s not about piling on your account, that is the result not the objective

EXIT:

http://uploadingit.com/file/0n6ds9qb0uux6x5z/Exit.jpg
01-21-2014, 10:14 AMadmis
Quote:
Originally Posted by elgaza26  View Post
we formed a wave on the 2tks chart raised my stop loss to 1 tick under the lowest leg on 41 wish me luck
It is sometimes called: a greed. ;) You already had 3 points! I'd not advise to copy this model of trade (at least as scalping)
01-21-2014, 10:18 AMelgaza26
lol, no admis it's not greed, trust me, I make enough not to be greedy, what it is, is a calculated trade, AND I DID MAKE ONE BIG MISTAKE and that was missing the +200 CCI we just had on the 15m chart, and now you see why I wanted those alerts so badly, never the less, I do this for so long now and done it so many time, most of the time I'm right, some times I'm wrong, and the other times, I miss out on some info like today, but in the overall I'm more right than wrong and I profit from that, so IT'S NOT GREED BUT A STRATEGY. ;)
01-21-2014, 10:21 AMIl Quotidiano Gratis
Quote:
Originally Posted by elgaza26  View Post
lol, no admis it's not greed, trust me, I make enough not to be greedy, what it is, is a calculated trade, AND I DID MAKE ONE BIG MISTAKE and that was missing the +200 CCI we just had on the 15m chart, and now you see why I wanted those alerts so badly, never the less, I do this for so long now and done it so many time, most of the time I'm right, some times I'm wrong, and the other times, I miss out on some info like today, but in the overall I'm more right than wrong and I profit from that, so IT'S NOT GREED BUT A STRATEGY. ;)
RSI Crossed
http://my.jetscreenshot.com/19530/20...-pa4a-29kb.jpg
01-21-2014, 10:22 AMadmis
It not depends on CCI 200. You could see where is a VAH (1843.50) ...
01-21-2014, 10:24 AMelgaza26
Good morning Il Quotidiano Gratis, nice to see you here with us
Yes it crossed but I mentioned before you need to read market context, we just had a the Niagara falls coming down on us, it's not the regular %20 RSI, yes there will be a retracement but not big as we see right now
01-21-2014, 10:26 AMelgaza26
Jane would be happy now, lol
01-21-2014, 10:32 AMelgaza26
Now admis, let me add to what you said before, I quite agree with you there, it's not the kind of trade you guys should be doing here, what you guys should be doing here as what I had to do, is as soon as we got our short signal on the 6tks, you should have been looking for short signals only, should you have done that, you'd do much better than me, I just wonder how many of you took a trade here?
01-21-2014, 10:36 AMadmis
Quote:
Originally Posted by elgaza26  View Post
Good morning admis, I'm not sure what you mean? it shows my entry point with the line there
Data series -> Plot executions -> MarkersOnly
It would be valuable to see a moment of execution...
01-21-2014, 10:41 AMelgaza26
I seldom use market order, and I mention in the template to put this off cause of all the text on the screen, it's annoying for me
01-21-2014, 10:44 AMelgaza26
Il Quotidiano Gratis, when we see something like that, you'd want to pay attention to the CCI as when it crosses back on the 0 line, if you wanted an entry point
01-21-2014, 10:46 AMadmis
Quote:
Originally Posted by elgaza26  View Post
I seldom use market order, and I mention in the template to put this off cause of all the text on the screen, it's annoying for me
Ok, there was only the question. Never mind.
BTW: 1834,25 YVAH ...
01-21-2014, 10:50 AMelgaza26
OH, thank you admis, I don't go past the weekly chart, so thank you for the input, as for now we have retested the point of rejection on the daily chart we could just go back to 37 and than probably back to 32 area, well lets see what happens
01-21-2014, 10:51 AMTraderbeauty
good morning evweryone.
thanks elgaza for your kind words.
got out of my short at 1835 which was exactly 1.272 fib of last leg.
will reshort at 40.25 or 41.75 if i get a signal.
could have gone long here but i dont like going against the trend.
the reason i kept my 42 short was because the market is over extended to the upside and i love to take shorts at the top with no stops- but please do not follow me, this can be dangerous sometimes.
elgaza- i have a question- actually 2- lol
how do you post your images so fast ?
assuming you use the 2 tk for entry- are you waiting for a triangle only or also for a colored bar ? red or green ?
thx
jane
01-21-2014, 11:09 AMelgaza26
ha ha, ya it does kinda come fast, well go to http://uploadingit.com and download the app, it will upload it to your account in a sec, and when you'll be on the File Manager page, you just have to right click on the picture you've uploaded and click Links, you'll be able to copy the link and post it pretty quick, as to your other question, I'd like to think of myself as a professional trader, and as of one I don't only relay on green and red signals, many time as I show here I go into a trade before the signal appears as I've posted on some trades before, cause I've been doing it for a while right now I allow myself to counter trade which is something I don't recommend for beginners, I'm used to see the market but I do too miss on some info as I did not long ago with the +200 CCI on the 15m chart (I'll slap myself later for that), having said that I got old habits already, but I did mentioned on one of my posts, MOST OF MY LOSES ARE BEING MADE ON COUNTER TRADING, if I just do the trend trades I'll have less draw downs, I KNOW IT, never the less this is a business of probabilities and if one will adopt this strategy, the odds will be on his/her side, a colored red green bar means there was less churn on this bar and chances are there will be a momentum, I usually look at the volume bar to see what happens there. as well I look how far the CCI is from the 0 line THIS IS VERY IMPORTANT I have a lot of respect to CCI as I think that out of all the lagging indicators out there this is THE BEST ONE BY FAR, unless some else thinks other wise I'd like to hear very much about this claim.
so good luck to us all
01-21-2014, 11:10 AMIl Quotidiano Gratis
Quote:
Originally Posted by elgaza26  View Post
Good morning Il Quotidiano Gratis, nice to see you here with us
Yes it crossed but I mentioned before you need to read market context, we just had a the Niagara falls coming down on us, it's not the regular %20 RSI, yes there will be a retracement but not big as we see right now
Off course, in The market context after this i entry in market when The rsi crossed i have watched on 6E that many Times when there is RSI crossed after signal reverse, it is coincide with setup reverse from OFA.

I hope that admis Will help me with alert o arrow in RSI indicator

Much thanks to All
01-21-2014, 11:11 AMelgaza26
OK guys now you see what I meant just a couple posts ago I did say that the price will revisit the 37 area and than back to the 32 area and look what happened, EXACTLY THAT down to the tick, it went to 1836.75 and than continued downtown and look where we are right now
01-21-2014, 11:15 AMelgaza26
Jane on a momentum days like that, you could really take the signals when the 6tks is not in extreme state but still you need to evaluate the situation every time

I just took a long here at 28.5
01-21-2014, 11:21 AMTraderbeauty
thx
will do soon.
damn-0 should have kept my 42 short longer, i knew its going down but did not expect it to go so much lower.
01-21-2014, 11:25 AMelgaza26
lol, if you didn't expect it, stop beating yourself, be happy with your decision and on to the next, there are just enough signals in the day to make trading and we cant have the whole cake

Hey jane when you get the chance we all would love to hear how you come up with your analysis and maybe we can all benefit from it,thanks
01-21-2014, 11:40 AMTraderbeauty
will do- promise.
right now i will try to explain quickly because i am writing, measuring and trading the same time.
the key- i mean most important is to figure out or understand why the market stopped at 27.
if i know why then i know how far up it will go and then react accordingly.
right now- i just dont have time i can see 33.5 or 34 as 38 fib and one to one so i expect the market to go down from there and give us at least few points- i would say 33.75
01-21-2014, 11:53 AMTraderbeauty
shorted 30.25
30.75 is the 38 fib of last leg, if it continues down it should go to 1.918 extention down which is 23.5 to the tick, so holding my short and not exiting just moving my stops
01-21-2014, 11:55 AMTraderbeauty
stop be plus 2 ticks cannot lose now
01-21-2014, 12:01 PMelgaza26
OK my friends here is what I was waiting for today

Entry:

http://uploadingit.com/file/zaw1ouoliyo6xt4v/Entry.jpg


Now why did I enter this level big time?
On the daily chart you’ll see how the 1826.25 is a major pivot and I knew we will have a retracement from this area, so I just love low of the day, went big time with 10 contracts after we hit the 27 and went up, the exhaustion signal on the OFA came up and I got the goose bumps, I went only for 2 points cause 1830.50 is 2 ticks before the daily point of control on the daily chart and I gave myself the usual spread, as I’m writing this I see that the market is reversing back making this another PERFECT TRADE for me

Daily:

http://uploadingit.com/file/ownpvtfsm8mrxdlc/Daily.jpg

Exit:

http://uploadingit.com/file/tj8v8ifbd5kw62jl/Exit.jpg

admis this one is for you, as you see usually when I look at the whole picture I make the right decision and one could think I'm too greedy to go for 2 points here, even though we had lots of churn on the 2tks bars, I have a lot of confidence with what I do and I'm very successful with it as you can all see here since I started posting my trades, so the key to my success is again PERSISTENT and I try not to change my style but just to perfect it more, I do get perfect trades quite often as you guys have witnessed already, I don't always get them but they come quite often, I'M NOT SAYING THIS TO SHOW OFF here, I don't need or look for respect but I say that to give you a very important point here for all you beginners and professional traders who still want to refine their trading methods and market outlook, if you follow your rules religiously you'll become a day trader otherwise you'll still be a day worker in some... whatever, lol

OK good luck to us all and onto the next
01-21-2014, 12:08 PMTraderbeauty
yeeeehaaa
still in