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Williams%R, SAR X-over 15 minute candles

  • #4,161
  • Edited 11:51am Oct 16, 2023 11:17am | Edited 11:51am
Quoting rockypoint
3 more trades, small win, B/E and decent win. Stopping at 9;30 my time. Good day {image}
Monday's lately have been a little boring for sure. I see you are trading the Micro's and ES on the S&P. That and the NQ or MNQ are my favorites for sure. Over the years I narrowed what I trade. makes it easier for me to keep track.

Hope all is well with you RP. Happy Trading!!
  • #4,162
  • Oct 16, 2023 11:36am Oct 16, 2023 11:36am
This is what my trading screens look like. This for the MES.
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  • #4,163
  • Oct 16, 2023 12:00pm Oct 16, 2023 12:00pm
If it works for you and you are comfortable with it perfect. Too much information for me, I'd have trouble making decisions. But again it's not important what I think, it's what comfortable and makes money for you. I sure as hell don't know it all.
  • #4,164
  • Oct 16, 2023 12:10pm Oct 16, 2023 12:10pm
I hear what you are saying RP, I have been trading since 97. I am always trying new things just to see how they work. But for me I mainly focus on the middle monitor. The screen shot make is look like one Monitor but it is really three of them. The one either side have more big picture stuff and the middle one is the one mainly trade on. Much simpler that it looks.

I do not trade every day. Busy with church and things like that. I use Ninja 8 also. It is ok software. think I like my Esignal better but it does cost a lot more.

chat with you again in another couple of years. Blessings
  • #4,165
  • Oct 16, 2023 12:12pm Oct 16, 2023 12:12pm
Quoting kthrapp350
{quote} Monday's lately have been a little boring for sure. I see you are trading the Micro's and ES on the S&P. That and the NQ or MNQ are my favorites for sure. Over the years I narrowed what I trade. makes it easier for me to keep track. Hope all is well with you RP. Happy Trading!!
Don't hear from you too often amigo, but it's always interesting.
  • #4,166
  • Oct 17, 2023 9:36am Oct 17, 2023 9:36am
Alittle loss a big win and a small win.
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  • #4,167
  • Oct 17, 2023 9:42am Oct 17, 2023 9:42am
Another good win
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  • #4,168
  • Oct 17, 2023 9:46am Oct 17, 2023 9:46am
Rocky is back to never have a losing day in his life. Is Rocky a billionaire now?
  • #4,169
  • Oct 17, 2023 10:34am Oct 17, 2023 10:34am
Nope not even close. You should see my options account, but i keep trading options anyway.
  • #4,170
  • Oct 17, 2023 10:34am Oct 17, 2023 10:34am
Done for the day.
  • #4,171
  • Oct 17, 2023 11:02am Oct 17, 2023 11:02am
Here's some examples of trading this system these 2 PIX charts are set at 5 renko and I marked every trade where ADX crossed back above
25 or bounced off 25 line. Also closed trade as soon as a candle closed in the tunnel. Also only take trades from 6:30 till 9.
You wind up with 2 small losses a B?E and 5 winners for 94 ticks.
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  • #4,172
  • Oct 17, 2023 11:14am Oct 17, 2023 11:14am
I spend all night reading 25-30 pages of this thread and made 7% trading the strategy today - So I am quite happy missing out on a lot of sleep

But I now see that the last pages have another strategy - not using the orginal - at what page did the strategy change and what is the new strategy.

The original strategy is for sure still very profitable, so I'm just curious to see if there was something better around the block
  • #4,173
  • Oct 17, 2023 11:27am Oct 17, 2023 11:27am
Here I set charts to 8 ticks. So you expect bigger losses/winners and less trades. Which is what we got 5 trades. 3 losers and 2 winners but still a profitable day
of +59 tick, even though win rate was 40%
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  • #4,174
  • Oct 17, 2023 11:36am Oct 17, 2023 11:36am
Heres 10 tick charts. Only 2 trades 1 win 1 loss for plus 38 ticks. Still profitable.
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  • #4,175
  • Edited 12:29pm Oct 17, 2023 12:13pm | Edited 12:29pm
Now lets look at 4 tick charts. 17 trades TOO many. 7 wins, 7 losses and 3 B/E's for +40 ticks. So I would say the lower the tick size of the candle the more discretion you need to use. 17 trades costs too much in commisions with 40 ticks day.
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  • #4,176
  • Oct 17, 2023 12:50pm Oct 17, 2023 12:50pm
All this being said. Here are my conclusions, I have never reccomended taking every signal, if you do over the long term would system hold up? Maybe, but definitely less profitable. I want to make 3-8 trades each day I trade. I mercilessly get out of trades not going my way and try to avoid letting trades hit my full stop. You can always re-enter if you get out too fast. I don't love profit targets. Example if I have a 40 ticks target and I get to 20 ticks then a candle closes against me in Ema tunnel or just below it, take the profit of 12 or 15 ticks. Again you can always get back in. I don't believe in setting a stop loss and profit target and just letting either stop or profit target get hit. If you want a rules only system you are better off with bigger tick candles, but in my opinion you still need to be merciless in getting out of trades before hitting you stops. In general for me 4-6 ticks works, larger ticks I get bored. Hope all this helps.
  • #4,177
  • Oct 17, 2023 12:55pm Oct 17, 2023 12:55pm
Quoting TranceGhost
I spend all night reading 25-30 pages of this thread and made 7% trading the strategy today - So I am quite happy missing out on a lot of sleep But I now see that the last pages have another strategy - not using the orginal - at what page did the strategy change and what is the new strategy. The original strategy is for sure still very profitable, so I'm just curious to see if there was something better around the block
Trance happy to hear you had somee succes with original system today. If you keep reading the thread you'll see me go through a few iterations of systems. If you look at current templates I'm trading it's pretty self explanatory. Feel free to message me if you have questions. That goes for anybody.
  • #4,178
  • Oct 18, 2023 3:05am Oct 18, 2023 3:05am
Quoting rockypoint
Here I set charts to 8 ticks. So you expect bigger losses/winners and less trades. Which is what we got 5 trades. 3 losers and 2 winners but still a profitable day of +59 tick, even though win rate was 40% {image}
Hi Rocky.

If this screenshot represents 8 ticks chart the candle shoud be 2 points high (on ES each point has 4 ticks). I looked deeply and see that your candles are 4 points high. So your ES chart should be 16 ticks.
  • #4,179
  • Oct 18, 2023 10:10am Oct 18, 2023 10:10am
I am done for the day 6 trades 2 losses and 4 winners. Excellent day.
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  • #4,180
  • Oct 18, 2023 10:29am Oct 18, 2023 10:29am
Quoting iwan73
{quote} Hi Rocky. If this screenshot represents 8 ticks chart the candle shoud be 2 points high (on ES each point has 4 ticks). I looked deeply and see that your candles are 4 points high. So your ES chart should be 16 ticks.
Yes Iwan you are right. I am referring to what I set brick size to for Renko bars. But switching to the hybrid candles, Renko/Heiken Ashi doubles that number exactly why I don't know. But I very nuch like the way it works and looks for me.
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