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My 6E trading strategy
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My 6E trading strategy

  #1141 (permalink)
Site Administrator
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rosow View Post
going to guess you are younger than 30

Not to ruin the suspense, but here is a picture of @cjbooth when he won our iPad 2 contest recently. I'm sure he's a teenager at heart

https://futures.io/feedback-announcements/10976-big-mike-challenge-2-win-ipad-2-a-14.html#post138416

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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  #1142 (permalink)
Trading for Profit
aurora,il
 
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You might Love I hate it

I want to ask you all a question - If you were a new trader finding this thread and you instead of starting at page 1 like you should jump all the way to the end figuring a thread that has over 80K hits must be good so lets just get to the gravy would you stay after reading all this crap you guys are posting and bickering about ?

I truly do want to continue this thread but if you guys are going to continue to use this thread as your personal chat room or express your own trading ideas instead of starting your own thread to do that then any relevant post I put in is going to get lost in all the meanliness, useless chatter that has been on in this thread for way too long.

I have posted a post as well as Big Mike requesting this off topic stuff end, until it does I can't feel that any post I elect to enter will be seen by the traders that need to see it

Enough said - STOP IT

Charles

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  #1143 (permalink)
Site Administrator
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Moderator Note


All off-topic posts made today (16) have been deleted.




Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

The following 9 users say Thank You to Big Mike for this post:
 
  #1144 (permalink)
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Hello CJ and traders. What an AWESOME webinar, Thx a lot CJ.
Have couple of questions and rather posted them here due to the fact that some of us access your trading room at different hours.
First, about the Hidden divergence on the Stochastic. Still a little difficult to read for me. Is that "Hidden Divergence" the "Hook on the K line?", if not how to read it ?
Second, the momentum indicator. really interesting and powerful. have seen on it's settings that has a lot of things and parameters and calculations involved. For what I saw on the webinars we look in ti for Divergence and strengh. Would you mind elaborating a little bit more on it ?
Third, have you tried the methodology on the Assian Session ? Indeed has less volume than the other sessions but is it worth to try, or too risky.
Thanks and a great week to all.
Chris.

 
  #1145 (permalink)
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rainbowchaser View Post
Hello CJ and traders. What an AWESOME webinar, Thx a lot CJ.
Have couple of questions and rather posted them here due to the fact that some of us access your trading room at different hours.
First, about the Hidden divergence on the Stochastic. Still a little difficult to read for me. Is that "Hidden Divergence" the "Hook on the K line?", if not how to read it ?
Second, the momentum indicator. really interesting and powerful. have seen on it's settings that has a lot of things and parameters and calculations involved. For what I saw on the webinars we look in ti for Divergence and strengh. Would you mind elaborating a little bit more on it ?
Third, have you tried the methodology on the Assian Session ? Indeed has less volume than the other sessions but is it worth to try, or too risky.
Thanks and a great week to all.
Chris.

Hidden divergence is a very powerful tool he uses in his method.Simply put hidden divergence occours when stochastics or anyother trend following indicator ,s movement exceeds price movement.Momentum , he uses as a feel of the price movement. In other words it is a READ if there are more buyers or more sellers active in the market at a particular time.No he does,nt trade Assian session due to lack of follw thru.May be it answers your questions but he would like you to read all his threads on this method before asking qustions.


Last edited by masood; September 12th, 2011 at 12:09 AM.
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  #1146 (permalink)
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masood chughtai View Post
Hidden divergence is a very powerful tool he uses in his method.Simply put hidden divergence occours when stochastics or anyother trend following indicator ,s movement exceeds price movement.Momentum , he uses as a feel of the price movement. In other words it is a READ if there are more buyers or more sellers active in the market at a particular time.No he does,nt trade Assian session due to lack of follw thru.May be it answers your questions but he would like you to read all his threads on this method before asking qustions.

Hidden divergence is typically created with a very tight range price action wise after a strong move (bull/bear flag). Most indicator movements or entries can be evident within price action and to me it is easier to just look at a range/bar chart then to figure out if there is divergence with the indicator. I could be wrong, but that is my take on Hidden Divergence and a great example is a strong power move up, then ranging, bull flag formation with a strong move up again. Of course, you are just hoping for the strong move up again, but will notice that the indicator will drop to the other side of the box very quickly for an entry in the same direction as the original move.

Great for continuation trades.

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  #1147 (permalink)
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rainbowchaser View Post
Hello CJ and traders. What an AWESOME webinar, Thx a lot CJ.
Have couple of questions and rather posted them here due to the fact that some of us access your trading room at different hours.
First, about the Hidden divergence on the Stochastic. Still a little difficult to read for me. Is that "Hidden Divergence" the "Hook on the K line?", if not how to read it ?
Second, the momentum indicator. really interesting and powerful. have seen on it's settings that has a lot of things and parameters and calculations involved. For what I saw on the webinars we look in ti for Divergence and strengh. Would you mind elaborating a little bit more on it ?
Third, have you tried the methodology on the Assian Session ? Indeed has less volume than the other sessions but is it worth to try, or too risky.
Thanks and a great week to all.
Chris.


Great Question - here are 2 example of the hidden Divergence

1st the bear hidden divergence, indicator makes a HH but price makes a LH

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2nd the bull hidden divergence indicator makes a LL but price makes a HL

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Also I do not suggest personally trying to trade the Asian session volatility and volume is very low

Charles

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  #1148 (permalink)
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Hi,

Just wanted to attach a profit stop gauge that moves along the pointer. It helps visualize the two limits (21 ticks for profit in lime, and 12 ticks for stop in red). This tool might be helpful if used in combination with price action and the clouds as you can istantly focus your profit and stop targets. You can customize the targets and there is a green/red button on the top right display to activate/deactivate the function. You can displace the gauge lines on the parameters menu under barsback. I just adapted the indy to this thread, all credits go to @vvhg

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  #1149 (permalink)
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redratsal View Post
Hi,

Just wanted to attach a profit stop gauge that moves along the pointer. It helps visualize the two limits (21 ticks for profit in lime, and 12 ticks for stop in red). This tool might be helpful if used in combination with price action and the clouds as you can istantly focus your profit and stop targets. You can customize the targets and there is a green/red button on the top right display to activate/deactivate the function. You can displace the gauge lines on the parameters menu under barsback. I just adapted the indy to this thread, all credits go to @vvhg

Nice usage of the CharButtons indicator code.

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  #1150 (permalink)
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monpere View Post
Nice usage of the CharButtons indicator code.

I realized the setup is ok only for long positions, for shorts you need to flip the profit with stop, I will be working on that with the chartbutton.


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