OK here is a video for you to look at , this is only showing the possibilities for trading other markets with rules close to what I use for the ES. I don't want this to really become a 6E thread at this point, I want to focus on the ES Remember screen time, and time of day will be important for any market you want to trade But any questions yo have for finding charts for any market are welcome, but trading advice for those markets would be limited on my part The following 9 users say Thank You to jwdixon for this post: Arno66 , belekas , Bengaltiger , Big Mike , deltok , mkoning , rainbowchaser , sambar , YanC.
The following user says Thank You to rptrader for this post: jwdixon. The following user says Thank You to cory for this post: rainbowchaser. The following 5 users say Thank You to jwdixon for this post: deltok , forrestang , mkoning , rainbowchaser , Tbuzz. The following 3 users say Thank You to jwdixon for this post: Big Mike , mkoning , rainbowchaser. The following user says Thank You to jwdixon for this post: YanC. Subbed along for the ride! I have a few points of confusion? Are there essentially two scenarios we look for? The first scenario being that we observe a trend change, and we are looking to get in right as the trend change occurs , within a few bars on the long term chart.
In this case we look to get in at the midDonch channel on the tic chart. The second scenario being that we observe a trend change, and price moves "Too Far, Too Fast" Generally confused on where you are entering? Is the above correct? Here is Thursday trades, not great for me but not a real bad day either The following user says Thank You to jwdixon for this post: deltok.
1. Trend Trading
Looking at that word doc you posted, do you still recommend looking for a 3 tic profit target trading the 1 contract set? And the goal is to have several trades on the day equaling 2ES points per day? Would you find it difficult to hit 2 points using 3 tic targets daily on that one lot? If one were trading two lots , you would want to have 2 points per contract still correct? The following 2 users say Thank You to jwdixon for this post: forrestang , mkoning. That all makes sense.
Specifically though, would you advise someone trading 2 contracts to trade them the same as they were trading 1 contract? Would you even recommend just trading 1 lot and looking for those 3 tics? Or would you think 2 lots would be the minimum to trade so that each one could be managed differently? Also I think if you look back The following user says Thank You to forrestang for this post: jwdixon. Quick question. From the charts you posted on 2June, just in fine tuning 'the eye,' to see these things Would you say the move up could be considered "Too Far, Too Fast?
The following 3 users say Thank You to jwdixon for this post: forrestang , Jura , rainbowchaser. Looking forward to video of today's action if you traded rollover. EDIT Grabbed one more long right near end of day. The following 2 users say Thank You to forrestang for this post: jwdixon , mkoning.
I was reading most of the day, so I didn't look at my charts much till later in the day. I saw a trade and took it. Was stopped, to the tic. The following user says Thank You to forrestang for this post: rainbowchaser. The following user says Thank You to jwdixon for this post: rainbowchaser. I was able to trade for about an hour this morning, first picture is after I got filled on first leg and you can see I moved second pt way up Second picture is of my "add-on", only 2 contracts After that got filled I again tried to get back in one more time, didnt happen.
Only about half the daily goal but not bad overall The following 6 users say Thank You to jwdixon for this post: Arno66 , forrestang , mkoning , mmaker , sambar , Trad3r. Sorry to hear about your business. I know how that feels. One day one of my old managers came up to me when we were re-running payrolls and he says You sir are in the middle.
Gee thanks boss. Putting that aside for the moment, you have to do what your gut tells you in business or it just isn't worth the aggravation. You need to be able to sleep at night.
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The following user says Thank You to mmaker for this post: jwdixon. Here is the screen shot for my morning trades I only had about 40 min in front of the screen to trade but got DG pretty easy. I will admit after the gap down I was "off" as to what to do, but I did try and not think too much and just trade what I was seeing right then. Any questions just ask, I plan on buying more download memory today so everyone can still watch the posted videos , then I plan on switching over to you tube when I get that figured out.
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The following 3 users say Thank You to jwdixon for this post: forrestang , mkoning , YanC. The following 4 users say Thank You to jayminho for this post: Arno66 , jwdixon , mkoning , rainbowchaser.
Here are today's trades I was reading your thread JW, you have a nice simple trading strategy. I was playing with your templates and I bought the break out of a shallow pullback after I started watching the price action. I think maybe Keep up the good work. The following 2 users say Thank You to Tiberius for this post: jwdixon , rainbowchaser.
The following user says Thank You to jayminho for this post: Arno The following user says Thank You to Arno66 for this post: Trad3r. Vote for the thread and author who you believe has created the best thread in the spirit of the contest, with emphasis on the thread which has educated you or helped you the most with your …. Renko does a good job of taming the wild Cl movement, Don mid line 10 shows the short term trend. The following 3 users say Thank You to cory for this post: jwdixon , mkoning , wireford. JW- Great thread. Where on the thread do you show how to setup charts without a template.
You have 2 DCs on each chart. Are you turning some lines off? Somethings you might consider for joining and staying with trend saw your video : 1. Indicator prints a dot. Will try to attach. The following 2 users say Thank You to wireford for this post: jwdixon , rainbowchaser. JW- This stuff might be of interest. Good description of Macd BBs. The following user says Thank You to jwdixon for this post: wireford. I think I have got it.
On your tick there are 2 DCs 10 and with all lines on. On your first post are the entries on the 21 or the 10 mean lines? Cannot tell if arrows are entries or ellipses are entries as you have them marked on the Maybe both? The following user says Thank You to Big Mike for this post: wireford.
Could someone convert this strategy for multicharts please? What are your settings for the Ichicloud indicator? Thanks in advance. Also nice thread Great thread JW, Thanks for the videos and charts. The ES is a fractal environment, what works on 2 renko and tick also works on much larger scales. I attached a , tick chart for comparison. How is your technique working out over the last few months? Neal Caffrey. Hi i'm french so excuse me for my bad english I tried to install all components of this strategy on metatrader4 I opened a 2renko chart with a script, The 10 med line donchian is represented by the BIG orange line The 21 med line donchian is represented by the BIG navy line Can you said me if that correspond to your ninjatrader software please?
NQ Emini leads, ES and YM follow
And on metatrader is not possible to have a ticks chart, You will advise me renko or timeframe alternative? Wow I have not been here in a long time, sorry I cant help you too much with meta trader charts and what might work. I have tried to simplify my trading even further now that I am using a small laptop I am posting a few pictures so you can get an idea of what I am doing, so you can look for indicators that will work on your charts.
Like I said before I think you just need to find what works for you, time frames and chart patterns with simple indicators that you can use to "see with" and get the confidence to trade with The following 4 users say Thank You to jwdixon for this post: eensor , Neal Caffrey , rptrader , sullyban. I think I am going to try and post charts of my trades as it will help me and perhaps others including my 2 oldest girls with their trading The following user says Thank You to jwdixon for this post: rptrader.
The following user says Thank You to Rad for this post: jwdixon. The following user says Thank You to Neal Caffrey for this post: jwdixon.
Profile of the S&P (ES) Futures Market
Those numbers are just for the length of the move or the breakout I like to see a tick move if possible to see if we are starting going into a trading range , I am also using those in hopes of finding additional trade set ups and "to far to fast moves" As for my trade setups I enter on a price breakout, the ADXVMA line I use to determine if I am going to trade at all and if so what entry dot will be used for order placement The next version of the indicator will show the background color of the breakout bar according to the trend and my entry rules so all I will need to do is click on the correct box for order placement and then move my stops and targets as I wish I am showing the entries as those blue and red loss boxes in the charts so you can see them easier The following 2 users say Thank You to jwdixon for this post: Rad , rptrader.
Monday morning trades, again I proved to myself that mondays are not some of my best days. I did make several mistakes which I pointed out, I guess after looking at my charts all weekend all I wanted to do is try the "new" set ups live without trading them simm for a few days Over all not as bad as it could have been had I gotten to scared to take my real trad set-ups, and if I had not made the mistakes would have been able to stop trading a lot earlier At least by posting I am drilling this into my head, seems to help things stick a little better The following 2 users say Thank You to jwdixon for this post: rptrader , timefreedom.
Ok here are the potential trades for the rest of the day, I wont do this every day, but I thought this might help me and some of you to see what is or is not possible by having a total mechanical entry system. I do try and watch price formations such as double tops and bottoms, low and high of day BO's etc.