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My 6E trading strategy
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My 6E trading strategy

  #111 (permalink)
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cjbooth View Post
After overwhelming request for my trading methodology I decided to go ahead and post the PDf manual here and also the indicator zip files that you need other than the ones that are basic in the Ninja platform. These indicators are for Ninja trader 7

Your comments and or questions are always welcome here and by my email boothcj@comcast.net

Attachment 39370

Attachment 39371 Attachment 39372 Attachment 39373 Attachment 39374

Hello @cjbooth,

Could you point me to the tickcounter 2 for NT7.

TIA,

Rick

 
  #112 (permalink)
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trs3042 View Post
Hello @cjbooth,

Could you point me to the tickcounter 2 for NT7.

TIA,

Rick


here you go Rick

TickCounter2.zip

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  #113 (permalink)
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is this line you put on 1508?



cjbooth View Post
I think as important as it is to know when to trade it is more important to your survival as a daytrader to know when not to trade

Look at these points on the posted 1508 chart

#1 1st higher low after extended vertical move up, the market usually goes into a pro longed period of congestion after a vertical move
#2 congestion period is confirmed by a lower an almost immediate lower high
#3 barely a lower low , price is lower than point #1 but barely inside a thick blue cloud telling you that the cloud should be strong support
#4 Lower high, retrace went back above cloud slightly. the point of Point #4 is at 7:55 cst if you look at at your 377 chart you did get a hidden divergence short signal there. I did not take this trade based off of basically sideways price action in front of it
#5 A stronger lower low deeper in to the cloud seeing this you will want a retrace back to the top of the cloud or the MA
#6 The retrace did not hold and price went up and made a higher high
#7 Again after price makes a higher high at point 6 now price blows through and makes another lower low. pay close attention and notice that this lower low stopped on the bottom edge of the cloud to the tick
#8 A lower high at the top of the cloud but also above the MA, this occurs at 9:00 cst looking at the 377 chart you see that any potential short trade has failed as ZIgZag makes a higher high as does Stochastics
#9 a higher low without a higher high in front of it, so this basically breaks the downtrend cycle and nothing else
#10 price makes a higher high by a tick
#11 price makes a double bottom with point #9 which is also below the cloud. I also want you to notice how thin the cloud is here at point #11, This is an indication of very low volatility in the market which is generally needed for good setups
#12 this is a double top as no candle closes above the high of Point #10. Also notice that when price is going up the cloud is turning red and expanding. Again a sign of no volatility or at least not enough of it
#13 the low of another vertical move down with no retraces in it to trade. This move was a news driven move (refer back to my post yesterday about trading news) based off of oil inventories

Attachment 39944


Also notice on the 1508 chart the horizontal line I have at 1.4400. I put these lines on the 1508 chart at the whole #'s as the market reacts at these points. You will notice that the vertical down move stopped there to the tick. You want to be aware of where the whole #'s are and consider avoiding trades that must go through the number for you to make profit


Charles

charles, please see chart, is the line 50% of last vertical move? thanks

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  #114 (permalink)
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Trade you posted in #110

This trade was very close to your cuttoff time of noon. Would that make you more reticent to take a trade?

 
  #115 (permalink)
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deanoky View Post
This trade was very close to your cuttoff time of noon. Would that make you more reticent to take a trade?


My cutoff time is not based on market tendencies, it is just that by then I usually have made enough money by noon

Charles

 
  #116 (permalink)
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cjbooth View Post
My cutoff time is not based on market tendencies, it is just that by then I usually have made enough money by noon

Charles

That is great reason to quit!

Thanks so much for sharing so much information and so timely on this thread. I really appreciate it.

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  #117 (permalink)
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respecting the Whole #'s

traders,

this is a follow up example of my previous post concerning when not to trade

See this 1508 chart as price broke above 1.4500 and then came back below it to the MA. I will not take a trade if price has to go through a whole # for me to make money.

Keep in mind sometimes it will just blow through, but thats Ok with me - my thinking on it is let it be somebodies else's dime that tries to push price through I will wait for a signal above the # not below it

There are always standing orders at these numbers and you never know which side they favor

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Charles

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  #118 (permalink)
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cjbooth View Post
here you go Rick

Attachment 39961

Hello @cjbooth,

The Tickcounter2 indie you gave me is for NT6.5, I can't unpack it. I'm using NT 7.06, any suggestions???

TIA,

Rick

 
  #119 (permalink)
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trs3042 View Post
Hello @cjbooth,

The Tickcounter2 indie you gave me is for NT6.5, I can't unpack it. I'm using NT 7.06, any suggestions???

TIA,

Rick


Rick,

I know it was originally for 6.5 but it did import into my Ninja 7 and I am using 7.5 currently, you may want to contact the Ninja forum and see if you can find out something

charles


Last edited by cjbooth; June 2nd, 2011 at 04:52 PM. Reason: text
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  #120 (permalink)
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cjbooth View Post
traders,

this is a follow up example of my previous post concerning when not to trade

See this 1508 chart as price broke above 1.4500 and then came back below it to the MA. I will not take a trade if price has to go through a whole # for me to make money.

Keep in mind sometimes it will just blow through, but thats Ok with me - my thinking on it is let it be somebodies else's dime that tries to push price through I will wait for a signal above the # not below it

There are always standing orders at these numbers and you never know which side they favor

Attachment 39970

Charles

Great teaching Charles, I like your style. I love the rule set that you developed for it also, everything is spelled out, awesome job. I'll be voting for you at the end of the month.

Jeff

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