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Williams%R, SAR X-over 15 minute candles

  • #4,741
  • Feb 9, 2024 1:29pm Feb 9, 2024 1:29pm
Quoting rockypoint
Ok my last 2 trades of the week. 1 my normal ES trade for a good win. 2nd one I used Vidvad's variation with 34ema and 21 ticks candles for a nice win on the MNQ. {image} {image}
Hi Rocky, why did you choose this entry instead of, for example, the candle that I marked where it crossed the ADX line for the first time? Does it have a higher probability of entering with a bounce from the ADX.
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  • #4,742
  • Feb 9, 2024 1:32pm Feb 9, 2024 1:32pm
Quoting hazelj80
{quote} another quiet watcher of this thread. and you wound not be the 1st person to ask this on FF over the years. short answer is NO that does not exist. even the best programmers in here will tell you an EMA angle finder will have flaws and the best thing is to learn how the market works. the rest is just confirmation and training wheels. this is why rocky and others can do it and some cant https://youtu.be/994Rv9UXi9Q?si=NnZEXTT31n0iXUBf

Great video! Thanks for sharing!

For any one new to the rocky method (or any other method that you've chosen to work on), this 12 1/2 minute video would be a great morning mindset video to watch each day BEFORE trading.

Great video with a lot of solid insights. I wish I had had this video available to me when I was getting started.
Life itself is a privilege, but to live life to the fullest is a choice
  • #4,743
  • Feb 9, 2024 1:46pm Feb 9, 2024 1:46pm
I have used today 8 Renko instead of 5 and I was wondering if I should better have used 5 renko? I see I could have entered a bit earlier If I would have used 5 Renko.
Attached Image(s) (click to enlarge)
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  • #4,744
  • Edited 4:01pm Feb 9, 2024 2:01pm | Edited 4:01pm
Quoting hazelj80
{quote} another quiet watcher of this thread. and you would not be the 1st person to ask this on FF over the years. short answer is NO that does not exist. even the best programmers in here will tell you an EMA angle finder will have flaws and the best thing is to learn how the market works. the rest is just confirmation and training wheels. this is why rocky and others can do it and some cant https://youtu.be/994Rv9UXi9Q?si=NnZEXTT31n0iXUBf

Hi, Hazelj
I want to thank you for your response on my answer. I joined this tread 2 days ago...
I'm not new to trading, but I was not able to make any money, unfortunately... otherwise I would drop my job long time ago and become a full day trader... this is actually my dream. I want to get rid of bosses, and 9 -5 work schedule.....
...A few month ago I lost my job and I want to look more closer in trading and spend more time to see if I can make my dream come true. May be I need help / like a small push from someone... because I think my confidence is not at a level it should be...
Question to you: can you recommend a trusted web site, someone, or live trading room where I can follow traders and take trades with to improve my confidence and learn how to make money. May be you can volunteer or someone who reads this thread.
I don't need much money, just to be able to pay may bills. Any help is appreciated.
Ya! thank you very much for sharing video ! I will start my learning with this video!!!!
  • #4,745
  • Feb 9, 2024 2:11pm Feb 9, 2024 2:11pm
Quoting tanyam
{quote} Question to you: can you recommend a trusted web site, someone, or live trading room where I can follow traders and take trades with to improve my confidence and learn how to make money.
This is really not something you should be looking to do.

Are you using Ninjatrader and are you intending to trade futures, e.g. MES/ES or MNQ/NQ?
Life itself is a privilege, but to live life to the fullest is a choice
  • #4,746
  • Feb 9, 2024 2:12pm Feb 9, 2024 2:12pm
Quoting ABA27
{quote} Hi Rocky, why did you choose this entry instead of, for example, the candle that I marked where it crossed the ADX line for the first time? Does it have a higher probability of entering with a bounce from the ADX. {image}
I wasn't trading yet, usually start looking again 10:45-11 my time
  • #4,747
  • Feb 9, 2024 2:16pm Feb 9, 2024 2:16pm
Quoting ABA27
I have used today 8 Renko instead of 5 and I was wondering if I should better have used 5 renko? I see I could have entered a bit earlier If I would have used 5 Renko. {image} {image}
First you made a good trade. Second it's up to you to figure out what you are comfortable with, bigger renko slows things down, smaller speeds things up.
  • #4,748
  • Feb 9, 2024 2:20pm Feb 9, 2024 2:20pm
Quoting tanyam
{quote} Hi, Hazelj I want to thank you for your response on my answer. I joined this tread 2 days ago... I'm not new to trading, but I was not able to make any money, unfortunately... otherwise I would drop my job long time ago and become a full day trader... this is actually my dream. I want to get rid of bosses, and 9 -5 work schedule..... ...A few month ago I lost my job and I want to look more closer in trading and spend more time to see if I can make my dream come true. May be I need help / like a small push from someone... because I think...
Following someone else's trades you are not learning to trade. if you want to learn you have to put in the time it doesn't happen overnight. It took me 2 years to figure things out and a couple of busted accounts. Confidence comes from doing not following.
  • #4,749
  • Feb 9, 2024 2:25pm Feb 9, 2024 2:25pm
Quoting hazelj80
{quote} another quiet watcher of this thread. and you would not be the 1st person to ask this on FF over the years. short answer is NO that does not exist. even the best programmers in here will tell you an EMA angle finder will have flaws and the best thing is to learn how the market works. the rest is just confirmation and training wheels. this is why rocky and others can do it and some cant https://youtu.be/994Rv9UXi9Q?si=NnZEXTT31n0iXUBf
Great video, what I've been saying all along. It's the trader not the system. This means figuring out what kind of trader you are most comfortable being. Then comes risk management and trade management. And of course Price Action. Last is the system.
In other words it's not the System, it's YOU!
  • #4,750
  • Feb 9, 2024 2:28pm Feb 9, 2024 2:28pm
Lastly to Vidvad, I tried downloading that EMA but ninjatrader says its for an outdated version of ninjatrader. Poked around and found 2 other versions sames results.
  • #4,751
  • Feb 9, 2024 2:31pm Feb 9, 2024 2:31pm
Quoting rockypoint
Lastly to Vidvad, I tried downloading that EMA but ninjatrader says its for an outdated version of ninjatrader. Poked around and found 2 other versions sames results.
Which one, rocky? The colorized ema?

This is the version of Ninjatrader I am using (it is desktop and not web based version):
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Life itself is a privilege, but to live life to the fullest is a choice
  • #4,752
  • Feb 9, 2024 2:43pm Feb 9, 2024 2:43pm
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  • #4,753
  • Feb 9, 2024 3:02pm Feb 9, 2024 3:02pm
Quoting rockypoint
{image}
It looks like I am using a slightly older version of ninjatrader than you are using, rocky.
Life itself is a privilege, but to live life to the fullest is a choice
  • #4,754
  • Feb 9, 2024 3:15pm Feb 9, 2024 3:15pm
Quoting rockypoint
{quote} I wasn't trading yet, usually start looking again 10:45-11 my time
Thank you for your answer. Have a nice weekend, everyone.
  • #4,755
  • Feb 9, 2024 3:28pm Feb 9, 2024 3:28pm
Quoting vidvad
{quote} This is really not something you should be looking to do. Are you using Ninjatrader and are you intending to trade futures, e.g. MES/ES or MNQ/NQ?
I use NT8 and MNQ. Thank you
  • #4,756
  • Feb 9, 2024 3:33pm Feb 9, 2024 3:33pm
Quoting rockypoint
{quote} Following someone else's trades you are not learning to trade. if you want to learn you have to put in the time it doesn't happen overnight. It took me 2 years to figure things out and a couple of busted accounts. Confidence comes from doing not following.
I can relate to that. I have been trading full-time for the last three years and living off crypto earnings from the past. I quit my freelance job to focus on trading and to learn as much as I can. I always traded with real money because the emotions are different compared to trading on a demo account. Even though I am not consistently profitable yet, I have a feeling that all the pieces are coming together. I've lost at least a total of 40K in trading, so i am a full time loosing trader, but giving up is not something I do. When I was finally profitable for months, I lost my confidence, took a break for a couple of months to study more price action, and worked on the psychological side as well.
  • #4,757
  • Feb 9, 2024 3:41pm Feb 9, 2024 3:41pm
Quoting rockypoint
{quote} Following someone else's trades you are not learning to trade. if you want to learn you have to put in the time it doesn't happen overnight. It took me 2 years to figure things out and a couple of busted accounts. Confidence comes from doing not following.
Thanks, Rocky
...Life is not easy and everyone has a different life situation! I must not complain!
You are very right and I agreed with you not 100% but 1000% !
I need to work on some plan. Again, thanks for sharing your thoughts.
Much appreciated.
  • #4,758
  • Feb 9, 2024 3:55pm Feb 9, 2024 3:55pm
Quoting ABA27
{quote} I can relate to that. I have been trading full-time for the last three years and living off crypto earnings from the past. I quit my freelance job to focus on trading and to learn as much as I can. I always traded with real money because the emotions are different compared to trading on a demo account. Even though I am not consistently profitable yet, I have a feeling that all the pieces are coming together. I've lost at least a total of 40K in trading, so i am a full time loosing trader, but giving up is not something I do. When I was finally...
Thank you, ABA for sharing your story.
I'm like you , never give up. I will come up with a plan, quietly watch successful traders and learn how to trade! Agreed, cannot cut a corner, I mean follow someones trades to make a quick money.
Trading I guess something you can or you cannot do it.
It's a very specific "type of work", and it's not for everyone.... otherwise everyone would be a millionaire, right? ... well or at least have payed off mortgage and have a new car and go for vacation, other little things..etc.
Cheers,
  • #4,759
  • Feb 9, 2024 4:01pm Feb 9, 2024 4:01pm
Quoting vidvad
{quote} It looks like I am using a slightly older version of ninjatrader than you are using, rocky.
Found one when I put full version number in, thanks again.
  • #4,760
  • Edited 6:17pm Feb 9, 2024 4:10pm | Edited 6:17pm
Quoting ABA27
{quote} giving up is not something I do.
Quoting tanyam
{quote} Thank you, ABA for sharing your story.
The best thing anyone can do if this is the method you really want to run with is to participate here. So many come here and "get ready to get ready" and then they are gone and you see they are "strategy bouncing" like the video posted above talks about.

You can't strategy bounce.

You have to pick one method and then work it until it is your own. It doesn't have to be THIS strategy. But if you feel an affinity for this strategy, then commit to seeing if that affinity is real. And that takes time, six months, a year or more. That is how long it will take for yout o grow comfortable with ANY strategy. So stop hopping and get on with actually learning how to trade.

I have spent a lot of time working the rocky method. I'm still learning but I can say I am very profitable using it. I'm not a millionaire from it yet, but 2024 is my year!

Keep at it and keep posting. Share the good, the bad, and the ugly.

We are each on our own, but we don't have to be alone. We are all in this together when it comes to learning.
Life itself is a privilege, but to live life to the fullest is a choice
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