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  • #321
  • Jan 22, 2016 11:35am Jan 22, 2016 11:35am
Quoting cat
https://www.rt.com/shows/keiser-repo...ax-keiser-865/ I always watch the Kaiser report, and yesterday's show on the collapse of the derivatives market was very entertaining. Max Kaiser is a former Wall St trader, and he knows his stuff, even though his constant interruptions can be a little annoying at times.
Thanks. Will watch over the weekend. I used to watch Max Keiser, but grew tired of him always touting his views instead of letting the viewer think for him/her-self. While he's knowledgeable and has a reasonable point of view, he doesn't seem to trust his viewers' ability to come to similar conclusions on their own.

Have a relaxing weekend!
  • #322
  • Jan 22, 2016 1:05pm Jan 22, 2016 1:05pm
Quoting medici
{quote} Thanks. Will watch over the weekend. I used to watch Max Keiser, but grew tired of him always touting his views instead of letting the viewer think for him/her-self. While he's knowledgeable and has a reasonable point of view, he doesn't seem to trust his viewers' ability to come to similar conclusions on their own. Have a relaxing weekend!
Which is the very thing that infuriates me, but I watch the show anyway. You too!
  • #323
  • Edited Jan 23, 2016 4:51am Jan 22, 2016 1:07pm | Edited Jan 23, 2016 4:51am
We were talking about fibs, so I thought before I shut down until Monday, I'd post a quick live Dax 10m chart showing the 76.4% coming in as resistance. Let's see if it holds.

Happy W/E all!

ps - it pushed a bit higher but not much. Friday pm's moves on the Dax were capped by Wall St, as the Dow couldn't get above the 1 hour 200 exponential moving average, just not enough fuel in what is now officially a bear market. Next week will be a very interesting one to say the least.
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  • #324
  • Jan 23, 2016 5:21am Jan 23, 2016 5:21am
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  • #325
  • Jan 23, 2016 11:25am Jan 23, 2016 11:25am
Quoting cat
{image}
Have a great weekend everyone.
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  • #326
  • Jan 23, 2016 11:31am Jan 23, 2016 11:31am
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  • #327
  • Jan 23, 2016 11:50am Jan 23, 2016 11:50am
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  • #328
  • Jan 23, 2016 12:21pm Jan 23, 2016 12:21pm
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  • #329
  • Jan 23, 2016 12:21pm Jan 23, 2016 12:21pm
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  • #330
  • Jan 24, 2016 6:36am Jan 24, 2016 6:36am
Quoting cat
I always watch the Kaiser report, and yesterday's show on the collapse of the derivatives market was very entertaining. Max Kaiser is a former Wall St trader, and he knows his stuff, even though his constant interruptions can be a little annoying at times.
Once upon a time an offspring of mine was featured on the Keiser Report. Max neglected to mention Sid by name though

Sid the Superstitious Robot
  • #331
  • Jan 25, 2016 4:31am Jan 25, 2016 4:31am
Hello all,

As I have mentioned previously I would like to contribute to this thread so here is my first offering - multi-time frame stochastic analysis.

Now I totally understand that stochastic (as many indicators) is a lagging indicator but in my opinion it can be invaluable for new traders to assist with timing trade entries. I myself am fairly new to trading and this has definitely helped me. I hope someone finds it useful.

So, in the screenshot below you can see that I have got 3 charts open. These are all Dax (this is what I trade the most) and I have chosen the M1, M5 and M15 for this example; however there are many other combinations that can be used - you could even include the Daily and weekly etc.

The chart on the left is M15 - in this method I would watch for this highest TF to reach oversold or overbought territory; in this example I am looking to buy so oversold is what I'm looking for. I have used the number 1 to highlight this.

Once M15 is OS i then switch my attention to M5 and wait for that stochastic to reach OS levels. This is indicated by the number 2.

Finally I then wait for M1 to also reach OS - indicated by the number 3.

Now at this point I would not simply enter the trade, price action is king and I would wait for a price action signal. On the M1 chart I have indicated 3 possible PA signals that may be valid. A = Tweezer at support. B = MA cross + pin bar rejection of MA. C = MA cross + pin bar rejection of MA. (Cat's examples of doji's / shooting star's etc work really well for timing entries in conjunction with moving averages).

The moving averages I have used here are the 8 and 21 EMA. The Stochastic setting I have used is 10,3,3, close/close, Linear weighted.

If anyone can offer me any feedback on this I would be grateful.

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Indentify > Plan > Accept > Execute
  • #332
  • Jan 25, 2016 4:47am Jan 25, 2016 4:47am
Quoting wizlon32
Hello all, As I have mentioned previously I would like to contribute to this thread so here is my first offering - multi-time frame stochastic analysis. Now I totally understand that stochastic (as many indicators) is a lagging indicator but in my opinion it can be invaluable for new traders to assist with timing trade entries. I myself am fairly new to trading and this has definitely helped me. I hope someone finds it useful. So, in the screenshot below you can see that I have got 3 charts open. These are all Dax (this is what I trade the most)...

Hi wiz,

I look at dual scales rather than triple, as I've found that sufficient, and I nailed the bottom too with an entry at 9721.

What differed on my charts was that both indicators were in divergence. Picking bottoms simply on Stoch on M1 being over-sold doesn't seem like something that would hold in backtesting. Have you checked?
  • #333
  • Jan 25, 2016 5:00am Jan 25, 2016 5:00am
Quoting medici
{quote} Hi wiz, I look at dual scales rather than triple, as I've found that sufficient, and I nailed the bottom too with an entry at 9721. What differed on my charts was that both indicators were in divergence. Picking bottoms simply on Stoch on M1 being over-sold doesn't seem like something that would hold in backtesting. Have you checked?
Hello Medici,

Yes I have back tested this and of course there are times when stochastic analysis doesn't hold on any TF (especially M1). However I don't use stochastic OS/OB in isolation. I combine it with MACD for divergence, MA's, support and resistance and of course price action. I didn't want to complicate my example too much as my intention was to show how I use stochastic.

Can I ask what setting you use for your stochastic? And which 2 time frames do you use most frequently?
Indentify > Plan > Accept > Execute
  • #334
  • Jan 25, 2016 5:27am Jan 25, 2016 5:27am
Quoting wizlon32
{quote} Hello Medici, Yes I have back tested this and of course there are times when stochastic analysis doesn't hold on any TF (especially M1). However I don't use stochastic OS/OB in isolation. I combine it with MACD for divergence, MA's, support and resistance and of course price action. I didn't want to complicate my example too much as my intention was to show how I use stochastic. Can I ask what setting you use for your stochastic? And which 2 time frames do you use most frequently?
Ok, so your setup is a bit more complicated than shown. If it works for you, that's good.

I use stuff that I've never seen on a public forum - things that I've coded myself - and I'd like to keep it like that. To not be completely disappointing though, I can tell you that I look at derivatives (in the mathematical sense) of the money flow, i.e. sell volume versus buy volume.

For your charts, you could get something similar by using Connie Brown's Composite Index, but in the code you would have to replace all occurrences of RSI with MFI, the money flow index - all parameters staying the same. Please let me know how it goes, if you decide to experiment with that.
  • #335
  • Jan 25, 2016 5:42am Jan 25, 2016 5:42am
Quoting medici
{quote} Ok, so your setup is a bit more complicated than shown. If it works for you, that's good. I use stuff that I've never seen on a public forum - things that I've coded myself - and I'd like to keep it like that. To not be completely disappointing though, I can tell you that I look at derivatives (in the mathematical sense) of the money flow, i.e. sell volume versus buy volume. For your charts, you could get something similar by using Connie Brown's Composite Index, but in the code you would have to replace all occurrences of RSI with MFI,...
A little more complicated but I only really left out MACD.

When I began trading, just 8 months ago, I was using indicators all over / under my charts. I had a basic understanding of them but to be honest I wasn't using them properly. That's why I wanted to show an example of stochastic, for any trader who is just beginning and who may be in the samke situation that I was.

I think if people can take bits and pieces from different traders on here and piece them together in a way that suits them then it can only be a good thing. I hope that is in keeping with the spirit of this thread as intended by Cat.
Indentify > Plan > Accept > Execute
  • #336
  • Jan 25, 2016 6:53am Jan 25, 2016 6:53am
Quoting wizlon32
{quote} A little more complicated but I only really left out MACD. When I began trading, just 8 months ago, I was using indicators all over / under my charts. I had a basic understanding of them but to be honest I wasn't using them properly. That's why I wanted to show an example of stochastic, for any trader who is just beginning and who may be in the samke situation that I was. I think if people can take bits and pieces from different traders on here and piece them together in a way that suits them then it can only be a good thing. I hope that...
Indeed it is wiz. I use only MACD...used to have a slow stochastic on there as well, but did away with that sometime ago. The charts I post miss out a couple of moving averages, for the simple reason that it is always best for people to find the indicators which suit their own trading style. Like you, I have thinned down my indicators over time, though I have increased the number of monitors from the two I started out with to the six I have now, but again, that is a personal thing and something one has to adjust to.

Thanks for the valuable input
  • #337
  • Jan 25, 2016 7:13am Jan 25, 2016 7:13am
Quoting cat
{quote} Indeed it is wiz. I use only MACD...used to have a slow stochastic on there as well, but did away with that sometime ago. The charts I post miss out a couple of moving averages, for the simple reason that it is always best for people to find the indicators which suit their own trading style... that is a personal thing and something one has to adjust to. Thanks for the valuable input
Good point, Cat! It is important for each trader to use a system and strategy that they are comfortable with and have confidence in. Over my last few years of trading- off and on- I have discovered that having a simple, functional system gives more confidence and focus than complicating things.

KP
Do your homework, follow the footprints of smart money
  • #338
  • Jan 25, 2016 7:44am Jan 25, 2016 7:44am
Quoting KeenPips
{quote} Good point, Cat! It is important for each trader to use a system and strategy that they are comfortable with and have confidence in. Over my last few years of trading- off and on- I have discovered that having a simple, functional system gives more confidence and focus than complicating things. KP
Yes, simplicity is key, even if it gives other people a migraine just looking at it
  • #339
  • Jan 25, 2016 8:04am Jan 25, 2016 8:04am
Quoting medici
{quote} Ok, so your setup is a bit more complicated than shown. If it works for you, that's good. I use stuff that I've never seen on a public forum - things that I've coded myself - and I'd like to keep it like that. To not be completely disappointing though, I can tell you that I look at derivatives (in the mathematical sense) of the money flow, i.e. sell volume versus buy volume. For your charts, you could get something similar by using Connie Brown's Composite Index, but in the code you would have to replace all occurrences of RSI with MFI,...
Hello again Medici,

I have been mulling over your responses to my posts earlier and I am struggling to see what value you were trying to add. You did point out that you got a better entry than me and that you use more complex indicators so if your aim was to point out that you are a better, wiser and more experienced trader then me then I think you nailed it........but I can honestly say that that was never in doubt. I hope this does not offend you.
Indentify > Plan > Accept > Execute
  • #340
  • Edited 10:43am Jan 25, 2016 9:36am | Edited 10:43am
Quoting wizlon32
{quote} Hello again Medici, I have been mulling over your responses to my posts earlier and I am struggling to see what value you were trying to add. You did point out that you got a better entry than me and that you use more complex indicators so if your aim was to point out that you are a better, wiser and more experienced trader then me then I think you nailed it........but I can honestly say that that was never in doubt. I hope this does not offend you.
Hello wiz,

Sorry to hear that it was taken like that. I didn't know your entry, so I was certainly not pointing out that mine was better. And in sense, later is better, if that's what yours were.

And my intended 'value-add' was
1. to point out that over-sold is not a buy signal in itself (and I was unaware of your other indicators and considerations),
2. to suggest possible indicators that might serve you better, having less lag and providing more reliable divergence signals.

If it comes across as arrogant that I told you that I use things I don't want to share....well, I was just trying to answer your question in a more generous way than "not telling".

As to deriving some personal satisfaction from appearing to be a "better" avatar than somebody else on an anonymous forum, wouldn't that be a bit immature? I've been absent from FF for years only because of the constant ego battles emerging whether one wants it or not, and while I take no offence, your response isn't encouraging.

Finally, I have to wonder whether this is a cultural thing. People who take things the way you did are typically English. Me not being English, the cultural difference might be the cause of these misperceptions. What do you think?
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