I can't say anything about Ninjatrader, not having used it to date; but the CL 6 tick (r) is a 6 tick range bar chart, yet, I am using candlestick charting for quicker identification and simplicity.....my preference. You might prefer a bar chart. In the 6 tick range bar, each bar is exactly 6 ticks-high to low, and, in that alone, gives a direction the market has, at least begun to move. I like the 6 minute chart with it. Often, you will see a BB entry at the Green MA entry with both charts up.
This 6 tick (r) chart on CL has the trades marked and shows the power of my system. The time frame is from 0617 to 1030 and shows a max ticks available of 452 on 16 trades. Trade a system that is consistently a winner and you'll grow your account as much as you desire. Proves it works on any futures contract and on a demo first.
The following 7 users say Thank You to ESFXtrader for this post:
This is the same chart with the trades explained. This covers most of my trading plan and now there should be very few questions to explain. I have described it for any trader's understanding.
The following 6 users say Thank You to ESFXtrader for this post:
thank you VERY much for on going explanations and time on this - greatly appreciated and I'm sure by many of us. Out of all the trades posted on the most recent charts - the majority make sense. This is a good thing as it allows the application of your method on any instrument as you have said many times. I have two questions and if you have time to comment at your convenience that would be great.
1. after trade 10 before after 9:18 am and before 9:31 is that reversal long or do you hold all the way through the pull back - or is there a long trade also if you consider the close above the MAs eventually at 9:35 approx which CCI and RSI confirm
2. between 9:00 and 9:05 there is a BB short but the only difference between that and trade #7 is the presence of divergence. is this correct i.e. any reason to not short at that point ? Trade 10 is also in this general setup
Hopefully my descriptions are clear and make sense. I continue to study this daily in detail - sincere thanks again for your commitment to us. Also I can post my questions above in the other two threads if preferred.
The following 3 users say Thank You to leprechaun for this post:
First let me say thanks for the content. I trade CL with bollingers also.
I keep hearing you repeat how powerfull and awesome your system is. Are you ever going to use this to make real money or just tell everyone that its yours and its the best. I want to know the end of this story. Is it you making consistent profits, or you talking up your system with hindsight trades.
I mean no harm with this post, just interested in your psychology behind posting.