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Post by traderAllen on Oct 31, 2014 11:35:29 GMT -5
What would you like to see explained in better detail in a video?
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Post by fxoutlier on Oct 31, 2014 13:56:10 GMT -5
I've been following your conversation with Keen246 about some of the problems he's having with Ninjatrader and find it very interesting. I myself haven't set up an account with MB, haven't availed myself to utilise the free ninjatrader with the account and don't know a lot about setting it all up, as I'm concentrating on Volman's book for now. But anything on setting it all up would be very nice as I'm soon to do so. Cheers.
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steve
New trader
Posts: 37 
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Post by steve on Oct 31, 2014 18:27:46 GMT -5
Allen I would love to hear a bit about how you use the time and sales. I discovered the MB time and sales today. I think you said you prefer it. Anyway, thanks for all your commentary in the chat room. It might not seem like much to you but it is amazing how this stuff is coming together for me and I hope also for the other guys.
Have a good weekend!!
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Post by austin0001 on Mar 14, 2015 2:52:40 GMT -5
I would like a video to see how you view trend. A few weeks ago, I felt like I understood your idea of "trend". Because it sounds so simple HH HL.
The transitions are the most interesting. When do we go from "looking for longs", "looking for shorts", "looking for fades". When are we "Inside a Market"?
When you told me to zoom out of my chart the other day...my viewpoint of trend changed completely.
I've seen Mack define trends with sloped EMA's and Channels...and I've seen Beggs use 2 EMAs and 3 timeframes to define his approach (Highest TimeFrame forming Boundaries/Middle TimeFrame defining trend (HH/HL)/ Lowest time frame for entry)...
How do you define the trend..I might be trying to mentally put you into a box...that you don't fit...
Here is my current understanding...
You have your boundaries at YHOD, YLOD, OOD.
You also have boundaries at 00 and 50 Levels.
You are aware of NTS and NTR (which can be seen on the 500 tick as pivots).
Also you stay aware of where Fib Bots could step in.
Alot of this keeps you peripherally aware of the eternal questions
"Where are the buyers?" and "Where are the sellers?"
You apply a 6 pip rule to 00, 50, and OOD to avoid chop.
You apply a rule of thumb getting out 3 pips before a target...to know if a trade is worthwhile to initiate.
I hope I didn't butcher that entirely, and I think I'm OK with all of that.
Recently I've been looking for longs...and you are looking for shorts...and it seems my definition of "trend" is way off.
Thanks for the help
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Post by photize on Mar 15, 2015 18:19:21 GMT -5
Austin I haven't read all the post or more than a few chapters in the book, I have watched all the video's I saw somewhere Allen show 6 charts which gave him insight into the overall trend and thus who is in control. If I remember correctly monthly was out of alignment which caused a reduction in lot size. So as I see it trend is a necessary predictor of which way price is moving . As for identifying it, a visual glance is often enough zoomed out or a high order ema I don't believe accuracy is too necessary for this method just an indication. I hope this helps. As for 70 tick - price action trends that is of course a different and more involved discussion, involving as you mentioned HH HL etc and is relatively simple to make useable rules. I personally draw a trend line (often mentally) across the last 2 peaks and trough's these are of course your HH etc, if the trend line gets broken as in a FB it does not imply a new trend not until there are 2 new peaks and trough's with which to draw a new line and the passing of a previous H or L , its often the case that price will continue with the original trend and a new angle could be drawn . This of course may indicate a slowing of momentum as price maybe approaching a swing level on a higher time frame. Price on many occasions starts to range not being able to break a previous H or L this is when price is inside a range and un-decided, the size of the range may offer some setup's. As for fib's draw a fib retracement the bots often trade between 50 and 61% just mentally take note of how far price has retraced and watch for the results. Well I hope my opinions are discussable  ? and any video's Allen provides us with will be welcomed and informative Pho. |
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Post by victor on Jun 1, 2016 2:22:39 GMT -5
What would you like to see explained in better detail in a video?
https://youtu.be/RWj2YDl7lIo?t=222
https://youtu.be/yNrjek0utdk?t=101
https://youtu.be/YfQt1B5FbOo?t=126Big pictureI'd like to see retrospective of a whole week with these questions answered: - where are the buyers?
- where are the sellers?
- where are the trapped traders?
- who is in control?
ScenarioWe take 70-tick chart from last week. Start at Monday and slowly scroll it to Friday. Moving trough each day we answer each of the questions. |
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Post by farmas on Sept 2, 2017 3:45:24 GMT -5
Thanks
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? and any video's Allen provides us with will be welcomed and informative Pho.