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THREE SET UPS


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THREE SET UPS

  #191 (permalink)
 emini_Holy_Grail 
Dallas,TX
 
Experience: Intermediate
Platform: NinjaTrader, OpenQuant
Broker: Zaner/Zen Fire
Trading: ES,6E,6B,GC,CL
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Jeff - from your today's chart, it shows Reversal bars as green where mine shows Magenta, your chart times at 8.00 and 9.15 bars. unless you have a way of disabling RB

I use Reversal v6 in NT7

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  #192 (permalink)
 
Jeff Castille's Avatar
 Jeff Castille 
Northern California
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Amp Futures/ Zen-Fire
Trading: YM and CL
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emini_Holy_Grail View Post
Jeff - from your today's chart, it shows Reversal bars as green where mine shows Magenta, your chart times at 8.00 and 9.15 bars. unless you have a way of disabling RB

I use Reversal v6 in NT7

Excellent observation !!!! As you probably have noticed from my previous post........I was NOT happy with the reversal indicator in it's previous incarnation.......so......I eliminated the reversal bar function until it was fixed......and now it is fixed and reposted.

Jeff

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  #193 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
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This is an early morning (5am GMT+1) SHORT on Crude.

Lolu

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  #194 (permalink)
 
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 lolu 
Lagos, Nigeria
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Platform: NinjaTrader, SierraChart
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This is my second early morning SHORT on CL, just at the entrance into my TradingTime zone.

Have a look at the LIVE Real-time video of this second trade here.

Lolu

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  #195 (permalink)
 
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 cunparis 
Paris, France
 
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Jeff Castille View Post
Hi Todd,

Yes....Cunparis has got it right!!!

I don't have records of what the average stop is..........remember........if the stop is too big for your risk tolerance reduce size !! Thereby making the risk the same.

I actually thought of trading 1 contract and at +8 just moving stop to be. This gives a better R:R. If you trade 2 then the possibilities are 32 ticks, 0 ticks, or stop out. If you trade 2 contracts using targets +8 +16 then the possibilities are 24 ticks, 8 ticks, or stop out. It depends what is more likely: hitting 2nd target or hitting first and then breakeven.

Also for reducing risk I was wondering how this would work with a 10 minute bar. That would make stops closer but targets would have to be lowered as well.

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  #196 (permalink)
 
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 Todd 
Alpharetta, GA
 
Experience: Intermediate
Platform: ninja
Broker: Mirus / Zenfire
Trading: ES
Posts: 234 since Jun 2009
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Lolu,

Just curious what time window are you trading CL in... Are you trading it 9am to 2:30pm EST? or something totally different?

I sometimes get up and trade the European open and europe session. I didn't know if you had those hours as part of your "to trade" window.

Todd

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  #197 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
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Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
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Todd View Post
Lolu,

Just curious what time you are trading zone (in Eastern Standard Time). I'm not sure how to read your time zone.

Todd

My World time zone is GMT+1, which is the same as London time now. Later in the year, London will be 1 hour behind my World time zone. So, London Open is at 8:00am now, which is the same as my time now. Later in the year, when London Open is 8:00am, that would be my 9:00am.


Lolu

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  #198 (permalink)
 
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 Todd 
Alpharetta, GA
 
Experience: Intermediate
Platform: ninja
Broker: Mirus / Zenfire
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Lolu,

So what is your trading window? I mean, what hours are you trading CL and 6e?

Todd

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  #199 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
Posts: 2,552 since Jun 2009
Thanks Given: 1,049
Thanks Received: 1,678


Todd View Post
Lolu,

So what is your trading window? I mean, what hours are you trading CL and 6e?

Todd

This is my trading window which I set/mod in the TradingTime script as follows;

if((ToTime(Time[0]) >= 070000 && ToTime(Time[0]) <= 110000)

|| (ToTime(Time[0]) >= 130000 && ToTime(Time[0]) <= 170000))


So my windows are 7:00am(GMT+1) to 11:00am(GMT+1); and 1:00pm(GMT+1) to 5:00pm(GMT+1).

Lolu

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  #200 (permalink)
 
Todd's Avatar
 Todd 
Alpharetta, GA
 
Experience: Intermediate
Platform: ninja
Broker: Mirus / Zenfire
Trading: ES
Posts: 234 since Jun 2009
Thanks Given: 28
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Lolu,

So if I'm translating correctly, you trade 2am to 6am EST and 8am to 12pm EST.

Just curious...why do you skip from 6am to 8am EST? Just so you can go to lunch or is it a market condition that you don't like during that timeframe?

Todd

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