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My 6E trading strategy
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Created: by cjbooth Attachments:356

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My 6E trading strategy

  #1151 (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

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redratsal View Post
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.



In this version the activate/deactivate button is used to set long(lime) or short(red) targets, when pushed they will flip accordingly.

Attached Files
Register to download File Type: zip CrossHairGauge2.zip (4.0 KB, 138 views)

Last edited by redratsal; September 12th, 2011 at 03:33 PM.
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  #1152 (permalink)
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cjbooth View Post
Great Question - here are 2 example of the hidden Divergence

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

Attachment 49037

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

Attachment 49038


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

Charles

Thanks very much Charles, appreciate your kindness and courtesy.
Happy trading.

 
  #1153 (permalink)
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CJ


CJ - Two things. One ever so slightly off topic but more a homage to a great thread.

1. I have scanned through this very long and wonderful thread but wonder if you could produce a template for your charts and then post the appropriate xml file. It helps when all the indicators, data series, etc are all as they should be. You well deserve your IPad by the way.

2. In England CJ has a deep cultural/clique significance for anyone who has watched Leonard Rossiter.... you can google it!

 
  #1154 (permalink)
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Mindset, if you click this link you should be able to find all that you need:

Attachments - Big Mike's Trading Forum

P.S. Charles also uses other commercial tools which are not mentionned in this thread. If you'd like the whole enchilada you'll need to subscribe to these services. The question you'll need to answer for yourself is if this system is profitable in itself or if this is the synergy between everything that is used by the author that make a difference.

 
  #1155 (permalink)
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trendis yourfriend

thanks. It wasn't particularly the indicators I was interested in - just nice to follow it.
I am sure that somewhere I converted Ichi... to NT 7 and posted it at futures.io (formerly BMT) anyway. Might have to take a look at check that.
I have found when looking at something that posting an xml with all the available indicators and settings saves a pile of time.
If NT can't find the indicator it simply doesn't post it when the chart goes up.

 
  #1156 (permalink)
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trendisyourfriend View Post
P.S. Charles also uses other commercial tools which are not mentionned in this thread. If you'd like the whole enchilada you'll need to subscribe to these services.

So what you are saying is that Charles' method as presented in this thread (and the PDFs and recordings) is incomplete and cannot be traded successfully without some secret additional tools? Charles, or anyone else using the system, is this correct?

 
  #1157 (permalink)
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mgtrader View Post
So what you are saying is that Charles' method as presented in this thread (and the PDFs and recordings) is incomplete and cannot be traded successfully without some secret additional tools? Charles, or anyone else using the system, is this correct?

don't focus on 'secret sauce' there ain't any.

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  #1158 (permalink)
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mgtrader View Post
So what you are saying is that Charles' method as presented in this thread (and the PDFs and recordings) is incomplete and cannot be traded successfully without some secret additional tools? Charles, or anyone else using the system, is this correct?


there is NO secret tools on trading. get your system, accept stop loss

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  #1159 (permalink)
Urban Samurai
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cory View Post
don't focus on 'secret sauce' there ain't any.

Truth!!

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  #1160 (permalink)
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cory View Post
don't focus on 'secret sauce' there ain't any.

I think we might say Charles has evolved since he started this thread. My feeling and understanding is that the original method as shown in the PDF (the original) is very conservative. This means lots of watching and waiting to take advantage of the few real nice trending phases the 6E offers. A method is not static, it has to evolve just as the trader evolves. The use of JSServices's high value pivots is certainly a positive addition as it may reveal some new opportunites not possible with the original method. I have some reservation regarding kwik pop as i don't see clearly what more it provides. And how would you really quantify it unless you subscribe. All in all, the method works without the use of Jsservices or Kwikpop although if you decide to 'buy' them you might find the secret sauce a bit salted

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