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the easy edge for beginner traders


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the easy edge for beginner traders

  #291 (permalink)
 creekboy 
phl pa. usa
 
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john2000- i find it interesting that people put so much time in back testing -when they call it futures -

pick any stock in play -like apple for the nq move -and back test it

or years ago now US steel for the s&p -if my memory is correct i believe it went to 177-you can back test all of these for 100 years with this system setup - yearly /monthly ect . just keep reducing the ma by equal mutiples -

15/75 ==90/450===5/25=====1/5 and you will see the answers

thanks for the comments

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  #292 (permalink)
 
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 john2000 
Chicago, IL
 
Experience: Intermediate
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creekboy View Post
john2000- i find it interesting that people put so much time in back testing -when they call it futures -

pick any stock in play -like apple for the nq move -and back test it

or years ago now US steel for the s&p -if my memory is correct i believe it went to 177-you can back test all of these for 100 years with this system setup - yearly /monthly ect . just keep reducing the ma by equal mutiples -

15/75 ==90/450===5/25=====1/5 and you will see the answers

thanks for the comments

Not sure what you mean by "reducing the ma by equa l multiples". When you switch the chart from a 5min chart to a 15min chart for example, a 30/150 ma on a 5min chart is still, a 30/150 ma on a 60min chart. Isn't it? However a 30/150 ma on a 15min chart is a 90/450 ma on a 5 min chart, more or less.( I say more or less, because closes on a 5min chart vs. 15min price chart are not going to be exactly the same intrabar, but that gets to too much detail). Anyway, is that what you mean by "reducing the ma"?

Thanks,

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  #293 (permalink)
 creekboy 
phl pa. usa
 
Experience: Advanced
Platform: tos
Trading: es
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john2000- here is the $spx weekly chart over 5 years - i used a 5/25 ma crossover

each level has its own colors -but look at the technical break up top in the white

also notice the free fall from the orange to yellow -- there is a very small level down at 975 that would take out all the hard core bulls -

notice i placed a yellow wall box between the blue and orange and and exact same box below when that breaks -

it will test that height difference -


math confirms this move

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  #294 (permalink)
 creekboy 
phl pa. usa
 
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check the stop out levels on the above setup -70 points of risk for a 375 point gain 5/1 hey thats the same ratio as our ma setup

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  #295 (permalink)
 creekboy 
phl pa. usa
 
Experience: Advanced
Platform: tos
Trading: es
Posts: 1,126 since Mar 2012
Thanks Given: 106
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john2000 View Post
Not sure what you mean by "reducing the ma by equa l multiples". When you switch the chart from a 5min chart to a 15min chart for example, a 30/150 ma on a 5min chart is still, a 30/150 ma on a 60min chart. Isn't it? However a 30/150 ma on a 15min chart is a 90/450 ma on a 5 min chart, more or less.( I say more or less, because closes on a 5min chart vs. 15min price chart are not going to be exactly the same intrabar, but that gets to too much detail). Anyway, is that what you mean by "reducing the ma"?

Thanks,

yes - i dial in high or lower charts that way -hopefully the $ spx will confirm

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  #296 (permalink)
 creekboy 
phl pa. usa
 
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also on the spx chart can you see where we went long at 1166 last november

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  #297 (permalink)
 creekboy 
phl pa. usa
 
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watching 1295.25

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  #298 (permalink)
 creekboy 
phl pa. usa
 
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nice surgical strike off the 50% --note i have placed a 2nd stair box below the other

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  #299 (permalink)
 creekboy 
phl pa. usa
 
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boy 15 trader -had a trying day - he had a beautiful long from 1300.75 -
he took 3 ticks because his exit was 1 tick higher than allowed by our rules -
then he chose to fight it a few move times -and ended down the 80 he was up yesturday -
do to frustration he was done for the day -

when he looked back at what he had -he could not believe it -but time will improve his thought process- if he would have gotten in at 1300.50 his rules would have been met and he would have had a nice run untill the trend was broken


note on the big chart the trend did not fail till 1310.50 was broken or the break of the blue dotted line

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  #300 (permalink)
 creekboy 
phl pa. usa
 
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nice long set up with controlled risk -long around 1309.25 with a 5 tick stop -free trade set up @ 1310.50

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