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My 6E trading strategy
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My 6E trading strategy

  #1021 (permalink)
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rsqueez

Charles, what is your Rsqueez setting?

 
  #1022 (permalink)
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cjbooth View Post
When risk parameters (less than 12 ticks) permit I prefer my stop to be above/below the prior swings high/low

that is the best place to put it as it keeps your stop above the move

At the very least it needs to be 2 ticks above/below the candle before the one you entered on

Charles

Charles,
I have been noticing that the supertrend makes a pretty good stoploss in itself.
Sometimes, the stoploss appears to be more efficent than just using prevous candle or even the Cloud.

What do you think?

 
  #1023 (permalink)
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wireford View Post
Regarding the discussion about sitting through chop or waiting for a LL or HH I have found the following indicator that lets you set levels with audio alerts.

It is the result of the hardwork and generosity of the Great Fat Tails. You need to give the line a label such as "High of Range" and a value such as 1.4535. Label can be on left or right. Look of line is modifiable.

Using this you do not have to stare at the screen for hours while market is in a range.

If you like it please tell Fat Tails.

If Fat Tails is Great, than what does tht make this man?
Who hands over a method that took 5 years to perfect and then in addition, pays out of his own pocket to multicast a trading room for free to anyone and everyone anywhere in the WORLD!

God bless you sir....

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  #1024 (permalink)
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bobbyacim View Post
Charles,
I have been noticing that the supertrend makes a pretty good stoploss in itself.
Sometimes, the stoploss appears to be more efficent than just using prevous candle or even the Cloud.

What do you think?

It can be used as a stop loss, although it does have a tendency to run to close to price which inturn will take you out of a trade too early

Charles

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  #1025 (permalink)
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ZIG ZAG UTC

Charles-
Saw this on another thread. There is no setting for the ZIG ZAG to "calculate on bar close" but there is a setting that is
"use high low". Setting it to false gives more swings but makes it easier to see the close highs and lows when evaluating if candle closed higher or lower than the previous swing.

You may have issues with it. Try Show 1, Span 2 and Use High/Low: False


Last edited by wireford; August 4th, 2011 at 04:48 PM.
 
  #1026 (permalink)
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Has anyone traded this system today on the ES, TF and NQ? It performed remarkably, specially in the last hour, we got some great opportunities.

I am using 3200t for the ES, 1200t for the NQ and 1000t for the TF.

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  #1027 (permalink)
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Trend I was thinking the same thing. Yes I sim traded it on the ES and NQ and it was remarkable! I was using your same tick chart settings you posted and Charles' money management although the 12 tick stop may be too close some days on the TF and NQ but not today.


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  #1028 (permalink)
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longboat View Post
Trend I was thinking the same thing. Yes I sim traded it on the ES and NQ and it was remarkable! I was using your same tick chart settings you posted and Charles' money management although the 12 tick stop may be too close some days on the TF and NQ but not today.


There is an indicator named RANGE in Ninja which i use to have an idea how many ticks each bar contain on average. I apply an EMA to it to get an average. If the 6E produces on average 10 ticks per bar and the objective is 20 ticks then i do the samething on the other symbols to match it. So if the ES produces on average 6 ticks per bar then my objective should be at the minimum 12 ticks to match the 6E aspect ratio. That's an estimate but it helps to keep it in line with what we do on the Euro.

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  #1029 (permalink)
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Rsqueeze indicator

traders,

i am getting a lot of request for the squeeze indicator zip file that I use in my trading -


Here it is

RSqueeze.zip


Charles

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  #1030 (permalink)
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% winner that go to target


Hi Charles,

You've been kind enough to share your percent winning trades stats in the room. I have been looking back on the charts this weekend and I see many decent trades that do not achieve 21 tick targets. I wonder if you would be willing to let us know what % of your winning trades are 21 tick winners versus smaller winners. It might help me do a better job of envisioning trade management for this method.

Thanks!

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