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Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This has been some of the best analysis of macd and stochastics I have seen in a long time. These were indicators that we all cut our teeth on years ago but seem to have fallen out of favor. I think like anything that becomes to widespread those who would take profits early ruin it for all. Maybe with fewer traders out there they will become more affective. Dan
Bobjack
The problem with the first idea is that after the first 1 1/2 hrs of trading I reset the 1/3 lines to any new high or low being set, so it would be impractical to use PB unless they were automatic. I do use the horizontal lines with audio alerts which are really cool, and I use them in conjunction with Nocona's CCI retirement system set up with paint bars. I kept getting chopped out in the first 1-2 hrs of trading so I now wait for a high and low to be set and only trade in the upper 1/3 zone. Then I switch to Nocona's CCI to keep me in the trade. Don't know if this made any sense but your reply didn't only help me but probably allot of other lurkers out there. Keep up the good work. Dan
Bobjack is it possible to set paintbars to the fibonacci levels in QT?
dk I trade with IB and Ameritrade, is that broker form one of the ones you fill out when you open an account or do you need a brokers license to have access to it?
Wonder if a person can sell covered calls within an IRA account?
Bobjack thanks for taking the time to set me on the right track, I have read almost every post on this thread over the years and continue to learn. Dan
I am just wanting to do a simpler version of the fibonacci retracement lines by cutting it in 3rds. Dan
As a long time follower of this board and a q's trader, thought someone out there could help me with a programing question. If I pick two points on a quote tracker chart and want to divide the difference by 3 and draw lines on the chart is it possible? Hope that made sense. Dan
Gloe, just curious if you have ever tried to trade options with something like a condor play? Was talking to a golfing friend today that uses it for 70% of his plays. He described it briefly and the best I could catch in the time we had was that he sets up a spread on both sides of the strike price. Dan
Gloe, I have been following your GIPS developement and thought of something to look at for the mini trend reversal. It has been a few years ago but I vaguely remember a site that tracks the ins and outs of mutual fund money. In order to sustain the record advances in the 30 industrials the fund buyers have to outnumber the sellers. When that reverses we may see the beginning of the bear. The only bigger picture site I follow anymore and read daily is Carl Futia's (carlfutia.com). He has been uncanny at looking at trends and putting future numbers to them. I would love to get your feedback after reading up on his site. Dan
Gloe
How do you take the same paintbar you use for the CCI(144), duplicate it, and attach it to a different CCI period on the same chart? I looked up the explanation in QT and couldn't make it work. I'm sure I am missing something, the new bar keeps going to the main (114) one instead of the secondary one.
Dan
Somehow in my last chart template I made a transcription error. The previous one was 144, the one I was working on last night is 440. Thanks for the correction. I seem to be temporarily on the right side of this trade however. Just lucky I guess. Dan
It is better known as CCI(440), the 440 refering to the period setting. Is that what you mean?
The NQ looks like it has gone short on the 5min 440cci. I clicked in at 1809.75,which was a little early because it briefly moved above the trigger-then back down.
flatted3rd
Just a quick wk-end note to let you know someone else out here is eagerly awaiting your results. I too have discovered that the emotional side of trading is the most challenging. After a stop loss first thing in the morning I find it difficult to continue pushing the button only to sit and watch the next trade take off 30 ticks. Several times I have simply given up and put my money into the q's and left it long. Right now I am back trying to trade the NQ's with the NER's system and have stumbled onto an idea for a back test. If you backtest the settings for the Commancie Scalper, with the 3/8 cross for confirmation, only plug in 3 minute bars instead of the 1 minute and see if that filters out some of the whips. If I had the platform to program in I'd help out. Dan
Gloe- are you still long ER? Its amazing how long the NQ has been riding above the +100. We shall see if this one prints below. On my scope C.S. has been short since 1801.25
Took me a while to see where we differed and discovered at some point I had switched my 3/8 to 2/5. So now it is switched back and you are correct. Should still be long from 8:10 am (Montana time) Dan
I am trying to switch to the NQ today. Went short at 1804.75 when the 3/8 confirmed. Just stopped out at 1806.75 (8 ticks) the 5min still shows short, will see how this one sorts out.
At 8;50 my chart shows the CCI dropping through the +300
Gloe
I was setting an 8 tick stop after the 2/5 confirmed the NER signal. I considered using Nocona's idea of just tracking it mentally but discovered the actual execution once the tick reaches you is tricky. If you wait to put it in once it gets to you it can move past. I realize 8 ticks is tight but letting the contracts get to the point where I become reluctant to take a loss is not an option either. I watch woodies S/R and Carl's box numbers in order not to get tangled up in them but trading these buggers is different then anything I've tried. Dan
Nocona
Have you been able to apply the CCI method to futures yet? I was working with ES for the last two weeks and found that apparantly my stops were to close. The minute I put in a stop it would run to that point and take my contracts and then continue in its previous direction. It was almost as if the seasoned traders could see my stops? It was very frustrating. Dan
Fill me in on the TMG system, most of what is discussed here is NERS and with limited time during the day that is all I've had time for. Or maybe a link that explains it. Dan
paulkar
NERS (Nocona's Early Retirement System) To a large degree it is what this board is all about. Dan
woodfish
Yes that answers my questions...Thank you. I spend a lot of time on the wk-end (to much probably) exploring IB and QT software and would have come across those answers eventually, but this board is much better for specific quick questions.
In attempting to trade a new product, like futures, I set a $5000 trial amount. From your answer I should be able to trade one contract unlimited times (following the NERS) through the day. If the account resets itself with each completed trade then in would be unlimited. If it doesn't then one round trip is it? Dan
woodfish
I know this has been discussed in the past but I have three specific questions about trading the NQ and the ES futures.
1. What does one contract cost in each?
2. Does pattern daytrading laws apply to IB?
3. What are the commissions on one contract of each?
QQQQ Trader
Once again thanks for the detailed informative post concerning IB/QT interaction. I went through and redid all my settings in both platforms and have achived lift-off. The one thing I had to do in addition to your advice was to go to File in QT and select quote source and click on IB. Since mine was set on Ameritrade it was overriding the Options menu selections. Dan
woodfish
Finally got the time to download the futures information this afternoon. Thanks for taking the time to explain it in detail, that is why I follow this thread. There are so many traders here that are willing to help. It won't stop with me, I'll be sharing it with my trading partners in the morning. Additional note, in my case I had to leave the "0" out of GLOBEX:NQH07 in QT to get it to work. Dan
Thanks for the detailed info, this afternoon I will double check your suggestions to make sure I haven't missed anything. Dan
The platform for trading options in IB is incredible. Not sure I would ever want to trade in QT except stocks. I trade stocks in my wife's Ameritrade account through QT. However, I use the S&P futures in IB to trade the options. It would just be nice to be able to plug in the charting technicals. The reason I don't contribute more to the thread is my focus is the S&P and Google options. Dan
Over the past week I have tried everything I know to get the futures to feed from IB to QT...so I can chart them properly. Has anyone else had trouble with this connection? I appreciate all the help so far, several of the posts have been helpful, even the QT help section was useful but it still won't feed. I have returned to my standard Ameritrade feed in the meantime. Dan
My quotes are Ameritrade and my backfill is IB
Would like to follow your ER and IWM trade triggers but need symbols to follow on QT. Have recently implemented paint bars at the 100 CCI triggers and am looking to add volume alerts to wake me up at those points. Have used them primarily with SPY options. Also Google and OIH offer great option oportunities. However, the Q's have absorbed the majority of my time for the last 4 years.
Nocona system question
I've been following the evolution of the hourly system for a couple months and have been trading it fairly closely. I have kept the 2ema with the consolidated line chart just for days like today. I also added in the 15min MACD when you did but only as a backup. I never saw a post where you decided to drop the 2ema, hope you can bring me up to speed on that one.
Daniel