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Attachments: Islander and Medici trade the European open
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Islander and Medici trade the European open

Quoting OAPDave
Update {image} {image}
I hope you've banked some green ones
Trading Levels with WRBs & Aggressive, Volatile Volume
Quoting medici
{quote} Thank you for sharing Very interesting.....
I appreciate your comment.
I'm trying to open some of my ideas in hope that we can come to something new.
Wealth is not built in a day.
Quoting OAPDave
{quote} TBH I know just enough to be dangerous, so I thought it best to have a look at what this thread is about I must say how impressed I am with yours and Medici thoughts and Ideas plus your posts and info So I have locked myself in my Research & Development Shed at the bottom of the garden to soak it all in Just have to decide if I can mix and match my own ways of trading with yours Or just have a plan A B C So to sum up not trading atm just learning but almost ready to go Thanks Dave
ps
My RSI and setting are as near as damit to your 50 lwma so my matching envelope is also, except for Band widths

So now you can remove it and just concentrate on your Price Chart and its PA
Trading Levels with WRBs & Aggressive, Volatile Volume
Quoting medici
{quote} Thank you for sharing Very interesting. I like an analytical approach to things. Having said that, personally I find volume profiles too nebulous for my taste. Yes, I've read the books and considered the merits, but in the end it's not for me. Regression I've worked with a lot. A few years ago I developed a multi-scale market model based on that. I enjoyed that, and found it beautiful, but in the end it wasn't as helpful for trading as it was aesthetically pleasing. The reason for that, I believe, is the prediction hypothesis....
Medici
Must say those look very interesting as clutter free charts as you can get, you seem to have a very in depth knowledge of all things trading, and certainly not a one trick pony like me
S20 Chart first hour from NYO
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Trading Levels with WRBs & Aggressive, Volatile Volume
One good trade a day keeps the bailiffs away Notice the encircled volume buildup.I didn't bother about the short. I guess there will be another push up, but this may just be enough for today.
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Homeruns and capital preservation.
Quoting Islander
{quote} Interesting. Noisy on Dax or NQ in the mornings? We do have auto alarms to help with not needing to read candle by candle
I was referring to NQ, where I wouldn't expect any alarms to go off, due to the lighter volumes. Still it was worth a hundred points from 7.15 to 9.15. But why watch a grind when you can do 100 points in a few minutes in the afternoon?
Homeruns and capital preservation.
Quoting OAPDave
{quote} Medici Must say those look very interesting as clutter free charts as you can get, you seem to have a very in depth knowledge of all things trading, and certainly not a one trick pony like me
Oh, you're too kind. It's just experience. Over the years I've traded S/R, range bars and tick charts, and I'm just putting it to use. I've also studied all kinds of complex things, but I don't think complexity translates to profitability.

And I detest watching sequences of candles that are of unequal lengths, shapes, and sizes unfold - in order to use that for decision making. Why? When one can put a line down and see when it breaks or holds.

Thus these "as simple as it gets" charts
Homeruns and capital preservation.
Quoting Nicy
{quote}I appreciate your comment. I'm trying to open some of my ideas in hope that we can come to something new.
Your arrival to this thread is also appreciated Creative ideas are always in short supply, so let's see what we can come up with.
Homeruns and capital preservation.
I wrote a quick&dirty camarilla pp indicator for my platform but I'm not sure I like or trust the values. Could you please have a look and compare it with the ones you get?
This is the DAX and the day is reset each day after midnight on the Asian session start. The timezone is same as Xetra
The used formulas are:
Inserted Code
R4 = Close + (High – Low) * 1.1/2
R3 = Close + (High – Low) * 1.1/4
R2 = Close + (High – Low) * 1.1/6
R1 = Close + (High – Low) * 1.1/12
S1 = Close – (High – Low) * 1.1/12
S2 = Close – (High – Low) * 1.1/6
S3 = Close – (High – Low) * 1.1/4
S4 = Close – (High – Low) * 1.1/2
 
R5 = R4 + 1.168 * (R4 – R3)
R6 = (High/Low) * Close
S5 = S4 – 1.168 * (S3 – S4)
S6 = Close – (R6 – Close)
thanks.
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Wealth is not built in a day.
Quoting medici
{quote} I was referring to NQ, where I wouldn't expect any alarms to go off, due to the lighter volumes. Still it was worth a hundred points from 7.15 to 9.15. But why watch a grind when you can do 100 points in a few minutes in the afternoon?

I also like the 100 or so on offer every morning trading Dax for the first hour from XO. Then in the summer I can have the rest of the day free
Trading Levels with WRBs & Aggressive, Volatile Volume
Quoting slowbrain
GM Camarilla indicator with historical data on chart for visual backtest {file}
Hi Slowbrain
Once again I would like to thank you for your great Camarilla Indicator but could you just have a quick look at the site shown
Your indicator matches perfectly but your H5 his H6 & L5 his L6 with the guy adding a new H5 L5 hence it gives him an extra level
https://www.pivottrading.co.in/pages...dCamarilla.php
any thoughts
Dax S20 chart first hour after XO

6 potential entry signals with moves totalling ~165 pts even in this narrow ranged morning.

No more trading for me until ~NYO
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Trading Levels with WRBs & Aggressive, Volatile Volume
Quoting Islander
{quote} I also like the 100 or so on offer every morning trading Dax for the first hour from XO. Then in the summer I can have the rest of the day free
That's what I did during my first year of trading index futures - DAX in the morning for an hour or two until a decent enough amount had landed in the account. I remember turning the monitors off some time between 9 and 10am to sit back on the sofa to ponder the rest of the day That was a good year.

Then I started comparing DAX to the US index futures, which were so much smoother and with a more opportunity, and I prefer to have my mornings to myself. So here I am. And now, while the trend is up, NQ is really tedious in the morning.

So it's the the first hour or two after the NY open, and that's it
Homeruns and capital preservation.
This is what I use for trading, as opposed to analysis. No thinking, action only

Inserted Video
Homeruns and capital preservation.
Quoting OAPDave
{quote} Hi Slowbrain Once again I would like to thank you for your great Camarilla Indicator but could you just have a quick look at the site shown Your indicator matches perfectly but your H5 his H6 & L5 his L6 with the guy adding a new H5 L5 hence it gives him an extra level https://www.pivottrading.co.in/pages...dCamarilla.php any thoughts
You didin't ask me, but I'd go with slowbrain's version.
Homeruns and capital preservation.
Quoting medici
{quote} You didin't ask me, but I'd go with slowbrain's version.
Yes I certainty do, but just noticed the extra level

ps
Wow some food for thought in that video my friend
After being stuck as duck the whole morning session on the DAX, I'd like to show my progress on the camarilla stuff. Below is "my" interpretation on camarilla for the last few days. The prices are calculated from the FO (08:00 CET) to the official close (17:35CET) on the FDAX future. The levels are not drawn in the extended hour sessions. I'd really appreciate some feedback. Do you see anything interesting here? Do the levels see correct etc.
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Wealth is not built in a day.
Quoting OAPDave
{quote} I would be pleased to do so, but as you have not posted it, it is a little difficult not being able to see it working on my own charts ?
You mean I have not posted the indicator?
It that is the question, I think some explanation is in order.

I could post the code, there's nothing to hide there (this is like a 1 hour coding effort). But the issue is this is not the usual MT4/5 stuff.
This is a proprietary trading platform. Everything is coded in C++.

What am seeking here is to sparkle ideas and opinions exchange. I have clearly stated the parameters, formulas of this plot for friends evaluation (i.e. trading hours and level formulas).

The trading platform would be secondary as I have my own, and other folks have their own too and many brokers actually can't use MT4 (mine's can't for sure).

I could open a small account with some MT4/compatible broker just for the purpose of posting here, but I'm not at that stage yet.

I hope this is acceptable.
Wealth is not built in a day.
Quoting Nicy
{quote} You mean I have not posted the indicator? It that is the question, I think some explanation is in order. I could post the code, there's nothing to hide there (this is like a 1 hour coding effort). But the issue is this is not the usual MT4/5 stuff. This is a proprietary trading platform. Everything is coded in C++. What am seeking here is to sparkle ideas and opinions exchange. I have clearly stated the parameters, formulas of this plot for friends evaluation (i.e. trading hours and level formulas). The trading platform would be secondary...
Sorry I was only trying to help, as no one else as bothered
I accept That I am bottom of the class on this thread and only have very basic computer knowledge, at present only use bog standard mt4 so that tells you everything
I will not bother you again
Good luck
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