1) good webinar, thanks. I'm learning a lot. I spent a week with Bill
McDonald in his emini room, which improved my skills quite a bit, using
Ninja. His strategy also uses only support & resistance levels,
but is based on a sort of "cup&handle" breakout approach, line
across previous highs (or lows), trigger after the pullback returns to
resistance line & closes above, then buystop or sellstop entry in
next bar that continues. There would be entries that you'd be out of
within a few seconds, 1st contract out at 3 ticks, 2nd at 4, last two
auto trail stops, or you could manually manage longer runs if slow
enough. But difficult to get the entries right.
2) your approach of limit entries at deflection points is less manic,
allows for longer runs it seems. 1st day in the room with you, paper
trading with TOS, I was up $1200, just following along; still not
completely hipped into the tick & bank confirmation conditions, but
getting there. But I'm just not comfortable anymore not having the
same tools, Automatic Trade Management for exits. TOS has a DOM &
a chart trader function in their Active Trader tab, but its a little
more cumbersome & lags when adjusting (compared to Ninja). I'll try
the Infinity demo; or go back to working with Ninja (which has its own
issues, & doesn't have the same fib functionality or internals set
up I don't think).
3) re the question of whether to start the fib "extensions" from an
intermediate extreme in a pullback or from the hi or low just before
that pullback, I wish I could ask the question & get your attention
right when you do it, cause its still not clear. I think I get the
difference between a "measured move" from a low to a high or vice
versa, which is what an intermediate fib from the pullback would be;
but you seemed to be drawing "extension" fibs on the outside of the
curve, from low to low.
4) the red&white line seems to be something other than a fib, a
"priceline" horizontal. I draw those, but the color options don't
offer r&w. also, I got that you drew one from the previous day
high at 895, but the one at 905 didn't seem to be for the same reason.
5) not sure if having both the room open & TOS is too much resource
draw, computer performance was really boggy today.
6) I had asked a couple times about TTM Squeeze indicator on the
jabbify chat, someone had offered to send the link, but I didn't get it
by email or from the links posted on chat. What do you think of that?
same as your view of all the other indicators, trailing, set up late
entries, etc? if you are able to forward whatever is needed to add it
as a TOS or Ninja indicator, that would cool.