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My 6E trading strategy

  #1059 (permalink)

new york
Trading Experience: Intermediate
Platform: ninjatrader
Broker/Data: mb trading
Favorite Futures: 6e
bobbyacim's Avatar
Posts: 184 since Feb 2010

Different spin on avoiding losing trade

Hi everyone,
As usual, enjoyed watching the "Master Trader" succesfully pull money out of the markets this Friday.

I have been finding the macdbb a bit challenging to evalute during the pre-trade setup. I Like the rsqueeze for its simplicity at a glance, although sometimes I get distracted by the Stochey overlay.

So, I found this indicator that integrates the Macd-BB's and the rsqueeze with additional visual enhancements for quick eval at a glance, with a little change of the settings!

Here is a shot of how I used it on Friday to avoid the first losing trade that Charles pointed out and how it worked on the second trade that did work out.

The first losing trade that Charles did not take,(Red up arrow & ellipse on the indicator-377 chart) notice I did have a yellow dot on the indicator alerting me to zero line cross of the BB's, however the rsqueeze portion of the indicator was still showing negative momentum

The first winning trade that Charles did take(royal blue up arrow &ellipse) I had yellew dot alert of zero line cross of BB's BUT rsqueeze momentum was still down, also my Donchain middle channel line was not visible.(dot style)

A few minutes later I did take this same trade (royal blue triangle and ellipse) when my donchain middle channel
line(DOT) appeared below the entry bar, On the indicator the BB's zero line alert dot appeared AND MOMENTUM on the rsqeeze portion was no longer negative, of course there was a close above a spinning top


Attached Thumbnails
My 6E trading strategy-charles-friday-trade-shot.png  

Last edited by bobbyacim; August 14th, 2011 at 11:34 PM.
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