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CL Day Trading: THE EDGE-Multiple Charts


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CL Day Trading: THE EDGE-Multiple Charts

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  #31 (permalink)
West Coast of Florida
 
 
Posts: 505 since Jul 2010
Thanks: 56 given, 2,284 received

Well,
Dave Krupar from Ohio,
Although such a remark doesn't deserve to ever have a responce,
This is what I think of your rediculous acusation.
Yes, I am aware he is no longer with us and it is just as well.
Enjoy:
"Warning, do not view this with a mouth full...
this lady is fully nuts & a ding."

*Please Move The Deer Crossing - YouTube

WK


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  #32 (permalink)
Quebec
 
Experience: Beginner
Platform: DTPro
Trading: Futures
 
Posts: 27 since Apr 2012
Thanks: 227 given, 40 received


Guys,

12 potential conservative trades for Russell today based on WK's method. Those marked with
two arrows have potential for more aggressive but better entries. Using WKs $ management
strategy of break-even after 5 ticks profit works in all cases shown.

The exception is the one shown with the yellow ring just after 10:02- it may have been
too aggressive given the LMAs were still showing up movement and no sign of weakness.

I have become better at filtering out trades such as the one to the left of 15:09 not marked.
WK pointed that in a strong down move it is premature to take a trade like this and he is of
course right.

Lots more study to do but I like what I see more and more every day. I have come to
appreciate also how price behaves between the orange and green lines. Usually if one rejects
price, a retest of the nearest BB will follow. Alternatively if price blows through the
green or orange lines, it will move on to test the next point of resistance.

All good stuff - thanks WK ! (p.s. let me know if I should post same in other threads)

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  #33 (permalink)
Los Angeles
 
Experience: Beginner
Platform: TradeStation / NJ
Trading: Futures
 
afranco562's Avatar
 
Posts: 131 since Sep 2012
Thanks: 405 given, 133 received



ESFXtrader View Post
Price action better shown here on same 5 charts.

How can I learn more on how you trade?

Visit my futures io Trade Journal
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  #34 (permalink)
West Coast of Florida
 
 
Posts: 505 since Jul 2010
Thanks: 56 given, 2,284 received

For those interested, namelyanama & afranco562,
If you follow my threads and charts w/notations and those of my friend and fellow trader, leprechaun, who has picked it up well, you can perfect your own trading as we have done.
leprechaun, thanks for your posts and explanations. The BBs offer some better entries, as well as the RMA (Rolling Moving Average-Green).
The first short entry marked should have been at the RMA. Actually, there was another short entry just earlier at the RMA, also. If you had held the first marked short entry till the reversal at the BB as explained below, it would have been a nice trade. Using multiple contracts would have allowed you to do that.
The first long entry worked, but was better served at the Blue BB for 9-10 ticks better entry.
The one in Question circled would have worked at 132.8 to 132.1 and reverse long at the RMA.
Learn the BB trades, where you will have an entry in the market if it hits. Using multiple charts, the entry will show up clearly on one or more. Make sure the charts you are using work with whatever futures' contract that you trade. As you continue to grasp the system, you will see the entries better.
Just taking the trades you marked would have been a good day, as you well know. Most would dream of such continued success.
Good Trading.
WK
PS Adding 6E chart I was trading. Hope this helps.

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  #35 (permalink)
Phoenix United States
 
 
Posts: 2 since Jan 2013
Thanks: 3 given, 1 received

Just reviewed your posts on cl trading with bb, etc, and am studying them, great stuff, Are you currently in any trading rooms on paltalk..etc.. that you are free to post your thoughts or trades in? Would very much like to see this in live time, would be willing to pay you for your time.
Thanks
Dan

 
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  #36 (permalink)
Quebec
 
Experience: Beginner
Platform: DTPro
Trading: Futures
 
Posts: 27 since Apr 2012
Thanks: 227 given, 40 received

Guys,

I just started noticing these odd bars showing up in DTPro. For a range bar chart, no two adjacent bars should ever have the same top and bottom. In the example I am posting here you can see this is the case. I have been in touch with DT who responded quickly and was advised this may be a bug since the latest release and they (their developers) are looking into it. My guess is their code accidently says "if no retrace at all then dupe the bar".

If anyone has any thoughts on this please share.

thx

L


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  #37 (permalink)
Quebec
 
Experience: Beginner
Platform: DTPro
Trading: Futures
 
Posts: 27 since Apr 2012
Thanks: 227 given, 40 received

ok I was in touch with DTPro and it seems the bar to use is a momentum bar. Previously we used range bars which never had these double bars appear. By switching to momentum bars the problem goes away. I conclude that their product must have changed recently causing this to appear in regular range bars. Momentum bars appear to function exactly how the old range bars used to with no dupes - on my machine at least.

L

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  #38 (permalink)
West Coast of Florida
 
 
Posts: 505 since Jul 2010
Thanks: 56 given, 2,284 received

Just so you know, I was out of commission with a bad virus-very sick. My second day back, my back went out helping someone move. Then my computer went bad. Just got it back and saw this trouble you had. Although I never saw it, the double bars, I was often checking the markets and charts after getting over the worst of the virus. I had some good trades and I always updated the software nearly daily. They seem to have more updates than any broker's platform on which I have traded. I may not have been on line when the software was failing. I am still using the same charts with success.
Hope You are doing well in your trading.
WK
PS I happen to know that the Pro also uses tick (R) charts to this day.

 
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  #39 (permalink)
Quebec
 
Experience: Beginner
Platform: DTPro
Trading: Futures
 
Posts: 27 since Apr 2012
Thanks: 227 given, 40 received

hi WK

welcome back - sorry to hear of your virus and back - that's no fun at all - hopefully both improve for you swiftly. Am always pleased to see a post from you.

In ref to the charts - this is not an issue really - I have come to accept the bars and they don't affect anything adversely. What's odd is it is market specific. If you check the NQ for today for example using Range bars you'll see two occurrences. I keep my software up to date also and likewise find their feed to be good quality and consistent. The two examples on the NQ are are at 10:04 and 14:07 - will attach a chart. I see the double bars on some markets and not others. They may have been like this all along but as I say seem to be market specific.

oh well - not an issue more of a curiosity. Delighted to hear the pros are using the same setup !!

get yourself well - wishing you a speedy recovery !

L

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  #40 (permalink)
Raleigh North Carolina USA
 
Experience: Intermediate
Platform: ninjatrader
Trading: CL
 
Posts: 2 since Oct 2012
Thanks: 39 given, 0 received



leprechaun View Post

Guys,

12 potential conservative trades for Russell today based on WK's method. Those marked with
two arrows have potential for more aggressive but better entries. Using WKs $ management
strategy of break-even after 5 ticks profit works in all cases shown.

The exception is the one shown with the yellow ring just after 10:02- it may have been
too aggressive given the LMAs were still showing up movement and no sign of weakness.

I have become better at filtering out trades such as the one to the left of 15:09 not marked.
WK pointed that in a strong down move it is premature to take a trade like this and he is of
course right.

Lots more study to do but I like what I see more and more every day. I have come to
appreciate also how price behaves between the orange and green lines. Usually if one rejects
price, a retest of the nearest BB will follow. Alternatively if price blows through the
green or orange lines, it will move on to test the next point of resistance.

All good stuff - thanks WK ! (p.s. let me know if I should post same in other threads)

leprechaun - I also wanted to thank you for all the time you spent learning WK's system and share your work with the bmt community.

I personally like the idea of filtering out more aggressive entries. one question I had was related to least square moving averages (blue/purple lines), can you share their settings. For some reasons I can't locate them anymore in your and WK's past postings.

PL


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