Tuesday, November 17, 2009

Parallax view

Below the Russell, TZA and SPX from 13, 30 and 13 minute views, respectively:

Clarification of trend

30 comments:

Anonymous said...

This simple system has a wonderful way of recognizing and keeping you in the trend for as long as possible.

Its interesting how you can quicky see what state any indice is in with a glance.

"Simplicity is the ultimate sophistication."

da Vinci

Lucky Luciano

Anonymous said...

Lucky,

Can you help a new trader to read the charts above?

Or? Is there a web page that can help me. Must I buy these soft-ware applications?

What is the difference between the dark blue numbers and the light blue numbers?

Thank you

Anonymous said...

Hi

I dare not speak for the master :-)

That said, I would consider the following before jumping in:

-Look on your right and you'll notice a blog archive. I would study a lot of his entries.

-For this particular strategy I would click "menage a' trois" to learn more

-trading platform/discount broker
-indicator resembling Allan's ATR

-Lastly, if you have no experience trading, I would think twice before considering this particular strategy. It involves a 3x ETF. Without some emotional discipline this baby may give heart-attacks! lol

Hope this quick summary helps.

Lucky

RBharol said...

Allan has a great system but he does not tell what it is. I requested him a couple of times to tell what he uses and How I can benefit from it. But it seems it does not read comments on his posts..

RBharol said...

When I click on the images in today's post, they don't open. Rather it asks me to save it!

Allan said...

RB: Here's the deal. I've been writing this Blog for over five years. Every few days some new reader discovers my Blog and asks me to explain everything. If I responded to all such requests, it becomes a full time unpaid job.

So let me suggest you go back and start reading from the beginning, every blog, all 1500 or so of them. Or if that seems overwhelming, do a Blog search for the subject you are interested in, that will cut down the number of blogs and just start reading from the oldest to the newest.

Apart from this Blog, I manage a lot of money, both my own and others' and that is where my priorities lay, as they should.


A

Anonymous said...

Anyone else getting whipsawed today with the TZA system? Oh well - one of these trades will line up.

Allan said...

Technically, the TZA system has yet to trigger LONG, as the 60 minute chart is still in SELL mode.

RBharol said...

Allan,
Thanks for the long reply.

A single line naming the platform and the system you use would have saved you time and then I would have taken the search from there.

Allan said...

It's eSignal and I've identified it numerous times for weeks.

Anonymous said...

Lucky,

I checked out the post.

As I can see it, The dark blue numbers are where the trade should be or pass it before it signals a buy.

That is triggered by the blue line called ATR.

The light blue number is where the stock trades at this time.

And the red number, I think, is where it is trading, but it is falling where the dark blue numbers are gaining.

Is this correct?

Thank you

Anonymous said...

Re: Allan's post that the TZA has yet to trigger LONG

I was under the impression this system could be traded using several or one time frame?

The photos show that 15 has triggered many times.

According to first entry of this strategy
(1) Those who like clean simple systems can still pick one time frame and ignore the rest;

Can someone offer guidance?

Pete

Dave said...

Teachers open the door, but you must enter by yourself.

...somebody had to say it.

As always, thank you Allan.

Allan said...

Use the 15 to get in early, but don't let it whipsaw you by trying to trade it back and forth. Use a small position, add only if it goes your way so that the 30, then the 60 are likely to follow. For record keeping, I am using the 60 but there are nuances to deal with the rather long wait sometimes for the closing of a new signal bar.

Anonymous said...

The teacher has opened the door
The student is asking questions, DAVE.

No question is stupid.

You are pompous Dave!

...somebody had to say it.

Liam

Anonymous said...

Thanks

Pete

Anonymous said...

Liam,

You made my day :-)

I nearly fell off my chair laughing.

This is a fun, informative blog.
LETS ALL HELP EACH OTHER PROGRESS (especially at times when Allan is 'taking care of biz'

Here is the quote that best describes Allan's systems:

"In the sixth century B.C.E., the Chinese philosopher and poet Lao Tzu made a timeless statement: "Those who have knowledge don't predict. Those who predict don't have knowledge."

Fred

Anonymous said...

Thank-you Master...

Grasshopper...

Liam

Allan said...

Remember, I wanted to make this a collaborative effort. So far, only one person has sent me an idea using range bars (though I still haven't had time to test it).

I just gave some new ideas, using smaller time frames but only add if move continues in your direction. Along those same lines, look at using 5-8-13 period confirmations in lieu of 15 period, requires much more attention and nimble trading, but you can actually get in and take a profit even if 15 period never gets hit.

Or simply trade the 60 and swallow the occasional whipsaw.

So many ideas, so many strategies, all keying off one basic trend-following line, the ATR.

Anonymous said...

Allan,
When are going to post the $39.95 link to riches beyond are wildest dreams. You know the ultimate system to make $5000, $10,000 and even $100,000 a day just like Jeff Paul. Thats what everybody wants.

Seriously Allan, thanks for all the posts and sharing your charts and trading thoughts.

L

JoeT said...

Dave, me thinks you struck a nerve. Looks like you should have addressed your post to RB as I'm sure it was intended.

Anonymous said...

Anyone,

I asked Lucky to check this out, but he must be busy.
Am I reading the charts correctly?


Lucky,

I checked out the Ménage à trois post.
As I can see it, The dark blue numbers are where the trade should be or pass before it signals a buy.

That buy is triggered by the blue line called ATR.

The light blue number is where the stock trades at the present time.
And the red number, I think, is where it is trading now, but the price is falling .
The light blue numbers are rallying.

Is this correct?

Thank you.

Eric said...

Hi Allan

The narrow range idea from me was from me using it on the 5 and 15 min time frame. It did get me whipsawed/stopped out early today and yesterday on buys. I tried to isolate the best narrow ranges to pick by making sure that a break above the previous narrow range was on increasing volume, and it does seem to help but still got me stopped out (early thankfully) today and yesterday for small 100 buck losses.

Half of that idea was trying to find a way to narrow down stops instead of the ATR line, which btw livecharts on esignal doesn't have as an overlay (guess I will have to try esignal program itself).

Eric

Anonymous said...

Hi

Your best to follow Allan's Green buy box/Red exit box created by Allan's ATR indicator.

There are multiple ATR type indicators that are available for free with most trading platforms.

The blue and red candles are generated by Allan's trading software. Its called BLUE WAVE TRADING. (Which seems pretty killer on its own).

I'm not the most elequent dude on the planet. I hope I've cleared a few things up.

Lucky

Anonymous said...

Thanks Lucky..you have!

You are most generous with your time.

And thanks Allan, for allowing questions.

Anonymous said...

Looks like this wasn't "Turn Around Tuesday" after all. Does this portend a true Bull Market?

Anonymous said...

One of RBharol's original comments is correct, Allan. Clicking on today's chart does not enlarge, but rather saves it. Some setting has changed with this posting. Can you fix?

- cramar

Allan said...

When clicking posted charts in Firefox, I too get a download option instead of the enlargement. But when clicking the same chart in Safari, I get the enlarged chart, as has always been the case.

I have always posted my blogs using Firefox, still do, so I suspect something has changed in a Firefox update that messes with the handling of the images.

I've spent 20 minutes experimenting and am now giving up, since my life has changed in oh so many ways.

Any help out there?


A

CDD13 said...

I am using Firefox and I do not get the option to download anymore. I believe this can be solved by clicking the "Open With" radio button and selecting Firefox as the default program when you get the pop-up. Make sure to also select the option to do this from now on... It should work.

-CDD

DrBubb said...

Hi Allan,
I appreciate all you do, and thanks so much for that from a former Detroiter who now lives in Hong Kong.

I just wanted to suggest that you might consider having a FAQ section.