Hi Beth,

Great thread. I suggest you try the DMPlus_V3a instead of the V3 which you use. The V3a plots back ground colours which I find helps to see if the DI is long or short.

A quick recap as follows:

Morning: 2 trades (1 Long and 1 Short - both winners) 14 ticks
Afternoon: 1 trade (Long - baby winner) 3 ticks

Total 17 ticks before commission.

Note: The afternoon trade met all entry rules EXCEPT taking the "CHOP" warning lightly! Glad that I closed them with 2 and 1 ticks respectively. Actually, "SOH when CHOP warning is on" is now one of the trading rules. I may miss some great trades yet it's better to respect the CHOP warning until I'm more experienced.

It's a Great sim day .. haha ..

Beth

cory 

there are 6 filters already any more filter sounds like overkill, I vote for getting rid of MACDBB since you don't use it.

Thanks Cory. I second your suggestion and just said "bye bye" to MACDBB.

Next indicator to be removed: DMplus_v3(5) the new comer (3 colored lines). I need it as a temporary safety blanket until my eyes/head are trained to acknowledge the Top Text label (incl End of Trend I remember).

Beth

Alan 

Hi Beth, Great thread. I suggest you try the DMPlus_V3a instead of the V3 which you use. The V3a plots back ground colours which I find helps to see if the DI is long or short.

Thanks Alan for your encouragement and suggestion. I will locate the V3a version and experiment with it this weekend.

Beth

wgreenie 

A quick recap as follows: Morning: 2 trades (1 Long and 1 Short - both winners) 14 ticks Afternoon: 1 trade (Long - baby winner) 3 ticks Total 17 ticks before commission. Note: The afternoon trade met all entry rules EXCEPT taking the "CHOP" warning lightly! Glad that I closed them with 2 and 1 ticks respectively. Actually, "SOH when CHOP warning is on" is now one of the trading rules. I may miss some great trades yet it's better to respect the CHOP warning until I'm more experienced. It's a Great sim day .. haha .. Beth

CHOP is when the ADX is BELOW BOTH DM+ line. Now when you have a good setup and all the your indicators are in line, but your get a CHOP signal, i.e. ADX below the DM+ lines, look at the ADX line (Yellow), and if it is turning UP you can take the trade, even if it is still below the DM+ lines.

I had a Sell Stop waiting which was filled when I was preparing the earlier posts. It's a profitable trade and 6 more ticks to the daily total, ie 23 ticks.

Note: For real life, I don't think I will trade after 3:15 pm.

Beth

wgreenie 

I had a Sell Stop waiting which was filled when I was preparing the earlier posts. It's a profitable trade and 6 more ticks to the daily total, ie 23 ticks. Note: For real life, I don't think I will trade after 3:15 pm. Beth

Execellent !!!! IT seems that you are gettiing the hang of it. Very simple, no stress

perryg 

Execellent !!!! IT seems that you are gettiing the hang of it. Very simple, no stress

My trillion thanks again Perry!

I am doing my very best to get comfy with the set up and signals. Today is my Lucky day.

Almost forgot to address my emotion: No stress .. No sweat .. No numbed fingers .. 100% normal. Hmm, not sure if it's because they're all sim trades! Time will tell .. smile ..

Trade Signals: A of course. I will only take A-grade trades LOL!

Will market replay 6E shortly.

Beth

Mission accomplished .. Guess how many trades (green and red) I did?

Perrys Trading Platform Hi Perry Need to pick your brains please. I market replayed 6E (between 7:30 am and 9:30 am) and did 5 2-contract trades (per enclosed). Except Trade No 3 (highlighted in ellipse) was an inadvertent entry (missed checking FI). Got lucky and it's …

I am knocking at Perry's door for some guidance. Upon his positive response esp the trading time, I will continue doing more Market Replay practice. 6E could be a middle candidate between CL and ES for me. You can tell from the trade log that they averaged around 2-3 minutes.

Luck is with me today .. best wishes from Big Mike, David R and You!!

Beth

Price currently trades at 1121.25 (3 points above yesterday's Close @1118.25).

Overnight High and Low as at 9:10 am are 1121.50 and 1112.25 respectively. Trying to climb still ..

Top VPOC 1128.50
Bottom VPOC 1118.00

Have a Successful day.

Beth