Trend catcher rule clarification

#7

Sorry! here is the capture that i mentioned above…

http://screencast.com/t/6BvcZXgb

#8

Please click on the image and get the .png link and paste that so it shows inside the forum like this

http://content.screencast.com/users/chilll/folders/Jing/media/71b69dec-cdb9-43ef-8e04-145b11792da9/2015-10-08_1636.png

#9

I use the trianlges the MVP predictor line to trail.

#10

It was a duplicate query. Sorry about that. You explained it very well in another thread. Thanks again.

#11

are you suggesting we should start with the izone sharpshooter out instead of the trendcatcher first?

#12

izonss template has trendcatcher as well… in order to interpret the signals from trend catcher… you need to stud and understand that first… izoness gives you more accurate/reliable entry and exit places in conjunction with TC… so as a complete system you can use izoness, but to understand individual items such TC, mvp elite etc you need to study them well…
hope i have not confused you :smile: vad

#13

Go HERE: https://forum.apexinvesting.com/t/izone-sharpshooter-set-up-and-rules/4415

#14

https://forum.apexinvesting.com/t/izone-sharpshooter-set-up-and-rules/4415

#15

@darrell

i used the original “TC with chop filter” system for TC entry, elevator and slingshot with diagnostics bars (size depends on the instrument)… but with IZSS, we use 8/10/5 continuum bars pretty much for all the instruments… so how to take the TC entry, eleveator and slingshot in IZSS?..

also in the IZSS system, due to the ‘bar chop filter’, the bar colors aren’t actual as per down close or up close… it gets painted based on the “trend”… so we could see green bar even if down closed, red bar even if up closed due to the ongoing trend to avoid the chop… i believe this is nothing but the chop filter used in the original TC system… so you don’t need the separate chop filter indicator at the bottom, instead the bar color itself will show you the chops. - is this correct?..

also Lori mentioned in her videos about elevator/slingshot trades - he mentioned to use the original TC system rather than the izss system for elevator/slingshot scalp entries!..

so due to the above reasons - 'm not using the izss for TC entry, elevator and slingshots yet!..

pls. confirm if these are already tested in izss with 8/10/5 setup… so that will use izss for these as well…

thanks, vad

#16

I take elevators and slingshots the same way on IZSS with continuums no need for them to vary. The only change I guess i would say i use is i only go with the direction of the predictor on slingshots and elevators on IZSS.

Correct the bar color now has down up and chop built in so I use it alone i dont use the sub graph indicator.

There is no one perfect way to trade. To me if i can make money consistently that works. Lori and I have some variances and both of us profit :smile:

I personally use only one chart for my slingshots elevators TC etc… entries an that is my 8/10/5 continuum IZSS template setup.

Lori uses the older one i believe for her silngshots and elevators. She doe snot take the original TC entries in and of themselves.

#17

@darrell

Thanks darrell. But how do you identify these signals in the izss system?, bcos the colors of the bar in izss wont tell you the same thing as TC does… for example, the elevator bar in the original TC system would be opposite color of ongoing trend. so it would be prominently visible… but in case of izss - the color of elevator bar would still be the ongoing trend color. so we dont get catch the signal visually… unless you calculate the elevator bar’s OHLC and figure out it is an elevator bar. Similarly for slingshots too, the previous two bars have to be same color before the slingshot bar (ie, bar closes opposite to the CYAN arrow)… here too colors may be misleading due to built-in bar chop filter…

you see my difficulty in identifying the elevators and slingshot signals in izss due to the bar colors ??.. i too would love to use one system/template to trade these… but not sure how you overcome this difficulty?.. may be by looking at the bar’s OHLC you catch these signals (irrespective of the colors or so)?..

Thanks!

#18

I read the chart looking at OHLC not the bar color. This is why i always use OHLC’s and not candles. The bar color helps for IZSS. The OHLC direction is what is used for Elevators and Slingshots. If you don’t like this method you can use diagnostics or shadows for Elevators and slingshots. But for trend and chop trades stick to IZSS. I use IZSS for all four.

#19

Thanks @darrell.

#20

@darrell - a clarification about sling… what is the technical criteria to have a sling bar?.. i understand the rules of sling (2 bars same dir, 3rd one closes same dir with opposing cyan arrow)…

my questions is what makes this cyan arrow appears on the sling bar?.. is it that the wick of the sling bar broke the prev. bar’s high/low in the opposite direction which puts the cyan arrow opposite it to current trend, but the bar actually closes in the trend direction to make it sling at the end??.. or is there anything more behind the scene for painting the cyan arrow (TC pending arrow)?..

Thanks, Vad

#21

There is a formula thats is used for the cyan arrow its complex not something simple, there is a lot behind the scenes. Focus on driving the car well not trying to figure out how the transmission works. Driving it well its whats going to help you accomplish your goals. Lori would be the one to ask for the rules your asking about as i do them on izss template.

#22

There you have it Vad, there is more to painting a cyan arrow than just exceeding a high or low, etc. We also now know that Darrell does use the IZSS charts for his version of slings and elevators. It seems you have the rules down very well for my style of SEES scalps.

#23

@darrell @lh541

Thanks Lori and Darrell.

Lori - yes!.. i really got into SEES to the extent that in my sleep/dream also the elevator and signal pattern comes :smile: … now i am trying to see how it looks in izss system and whether i can get any useful confirmation or caution to avoid some bad trades (very unusual choppy trades/days - something that happened on 11/06 and 11/16) …

Darrell - yes!.. i totally agree… the reason i was asking is that i too want to spot the slings and elevators in izss chart… though i am very comfortable with diag, i would like to see how it performs in the izss system (to see whether i can potentially avoid any pre-matured slings/elevators when compared to diag based system charts). I could identify elevator in the izss (by looking at the pattern using high/lows - visually not so difficult), but the sling in izss (due to bar chop filter) i found it very difficult.

So if possible, it would be great if you could post few example of elevator and slings in the izss (i dont see them in the izss video)… excited to see your versions of elev and slings in the izss.

Thanks, Vad

#24

I don’t cover them in the video that is Lori’s thing and as you said you got that covered :smile:

A sling is simple go opposite direction of a cyan arrow if high or low is broken out thats all I do nothing more to it than that Down Arrow buy breakout of high on close of next bar Up arrow buy breakout on low on close of next bar

I mainly just do swing breakouts (in addition to trading chop as defined in IZSS and trend entries) (which in my book are the same as elevators except for elevators by definition only have 1 bar between them. Lori has specific rules for these on Diagnostic charts and does great with them.)

11/16 was a great trending day with some great entries as was 11/6 not sure what markets your watching though Either way hope this helps. Note dont look at this and make it hard it really is as simple as a pullback with the low being broken or a pull back with the high being broken :slight_smile:

#25

Thanks Darrell… I got it… Its also called as “advanced elevator” :smile:

– Down Arrow buy breakout of high on close of next bar Up arrow buy breakout on low on close of next bar –

As for as sling is concerned: i hope you don’t mean to ‘wait to close of next bar’ (ie, the bar next to sling bar, sling bar is the one which opposite cyan arrow) to take the entry. What i understood is that after the sling bar is closed and if the high/low of sling bar is broken, take the entry (1-3 ticks) even if the ‘next bar’ is still painting. Pls. correct me if it is not quite accurate.

Btw, i was referring to TF-12 tick diag bar on 11/06 and 11/16. I shared the screenshot in the trade room.

Thanks, Vad

#26

Sounds like your talking about swing entries. I post a few charts here: https://forum.apexinvesting.com/t/swing-breakouts-using-izss/4887/6