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My 6E trading strategy
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My 6E trading strategy

  #1171 (permalink)
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drytlewski322 View Post
...

I typically only need 10 ticks a day, to hit my goal. So if I see anything that gives me a concern, I will get out. If I have to wait for one more trade, then I will to get my target.

Thanks for the feedback. Your objective is modest considering your arsenal of tools.

When you say "my entries as much more accurate", to what exactly do you attribute this increase in precision for your entries ? Is it due to the kwikp pop indicator that colors the candles blue, yellow or red ?

 
  #1172 (permalink)
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KP/ 6E Room and Indicators

I appreciate it, I try to be as objective as one can be, look at it in several different aspects. Charles has been a great help, in teaching his method and with the KP/JSS system.

Yes the candles do help, it is a visual aid, as most of us look for, just way us human are, lol. But there are the Bands, High/Low pivots plots, and the trigger lines all from KP that work in a seamless manner, add then along with Charles system the JSS Lines , and 1 other indicator I use, which is the OS/OB indicator from Paint Bar Factory is works very well for a entry, and exists as well.

I also use the Reno Hybrid Chart Indicator (4 and 6 Tick) from Home
(Also works beautifully on the ES).

It gives me a clean look to look for entries, and helps smooth the indicators. A cleaner look soothes the eye, and makes it easier for me to lock in. I still use the normal tick charts for patterns and I have to say that the tick is still best for that. So yes I have 2 more screens charts on the screen, but only view them when I am looking to narrow down the entry.



They will also keep you out of trouble, meaning keeping you from entering when you should not be.

I am big fan of trading the London Market, and usually try only to SIM the US Session.

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  #1173 (permalink)
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KP/ 6E Room and Indicators


In respect to Charles Thread,

I hit the submit button before I was done,

If you have any question, feel free to ask.

Just to be clear, I use Charles Method as the Main source, everything else is secondary to it. I do not want this to get going the wrong way on his thread, so any questions, PM me or we can start a new thread.

Thanks, Good Trading

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  #1174 (permalink)
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Does cjbooth still have the free live trading room, or is it a commercial room now?

 
  #1175 (permalink)
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6E Room

It is still FREE. You have to contact him to get a invite. I am sure if you PM him he will get in touch with you if you are interested.

Thanks

 
  #1176 (permalink)
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But to stay in it more than a week you now have to subscribe to the KwikPop and JS Lines package.

 
  #1177 (permalink)
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trendisyourfriend View Post
I am curious to know, how many did buy the Kwik pop package to stay abreast of Charle's method and what's your impression so far ? In what area of your trading did this package help you ? confidence, more accurate enties/stops or targets etc.

I have subscribed to the JS lines for a few weeks, and they do generally seem very accurate. But like all static S/R lines, they will sometimes keep you out of trades that would have been profitable, and sometimes you will stay in a trade looking for a target when it would have been better to exit on some earlier dynamic point of resistance. So far I think it's worth it, though I haven't decided whether to continue or not.

There's nothing magical about the KP indicators; the eband is a smoothed linear regression band and the paintbars and pivots basically function like a "price action + momentum" swing indicator -- instead of just depending on price action, the pivots are created when significant momentum is involved in the directional move. I like the idea, as S/R levels created in that way are likely to be more significant than a pullback to some arbitrary MA. Since I had already worked on something similar in a pullback system of my own, I wrote my own versions of them, and wouldn't subscribe.

As far as use goes, the confluence does give you more confidence, but you'd probably take the trade anyway. The KP pivots can give you more trades than waiting for a pullback to the MA.

Charles also takes reversals off the major JS lines, and they tend to work. The lines can give a lot more confidence, but you could usually take the trade based on momentum and PA.

HTH

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  #1178 (permalink)
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Moderator Note


This thread is now closed. cjbooth prefers to only communicate with those who email him privately. It has also been 3 weeks since cjbooth has posted in this thread.

This is not in the spirit of futures.io (formerly BMT), so the thread is now closed.



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