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When you do a Perry method 1 trade the Force index indy is suppose to be colored in the direction of the trade. I anticipate the indies for Perry's trade so the force indy doesn't always paint the way you want.
Just simmed another Perry trade TripleColor red 4 range winner with a TripleColor red 8 range.
I will get the (M)6E on the next TripleColor. I am trading through the Asian into the European sessions.
The image has three charts of the price action of today's YM. A 20 range, 8 range and 5 range. I simmed traded the 5 range in the direction of the two larger charts. It was a day to be long and that's how I traded. The long side, the TripleBlue, had the momentum and that of the larger charts. It's your trading style, you decide.
I was so busy with the 5 range chart, that I missed a nice @rpm123 trade on the 8 range.
As for the 6E, I missed an explosive breakout, TripleColor blue in the Asian session and I slept through the start of the European session. For me, right now it's tough to be there, wide awake at 3:00 AM EDT. But I will get there, I believe the 6E and the European open is a key to success. Just ask Charles Booth.
Success is also having a life better than the 9 to 5 grind. 3am is a tough wake up call. Reading some of the threads you pointed me towards. Perry, Charles, Sharky. Thanks.
Hi all my fellow nexusfi.com (formerly BMT) members and welcome back to the final hours of this active contest thread. I started this contest to learn an idea I have been toying with for several months. In the beginning I guess I called it the KISS strategy, but as the weeks passed it adopted the official name of the TripleColor strategy. At first because it was about KISS and that was about the TripleColor. The three colors on a chart. Blue or Red for taking a trade. The bar, the background and the zlema. You didn't have to read an indy, just see the colors.
I just finished the Al Brooks webinar. I listened to what he had to say about trading. And? And the TripleColor strategy is about trend, and maybe pullbacks; or at least resuming the trend after a pullback. If it is something else then it is your trading style. And it is about an idea, a strategy and how you can employ it in your trading. Check out the images, the charts....how can you employ the strategy? Study it.
When I employed the TripleColor strategy for myself, I enhanced the background to a two tone background using the SharkChop indy. I want to trade the dark part of the background. @rpm123 likes to trade a SuperTrend strategy and will enter the trade if he has the TripleColor edge. What is your strategy? Can the TripleColor be an added edge for you?
If I didn't have to take so much time learning and adapting this strategy for myself. I would of had more time to demostrate this strategy live. Maybe that's what the month of July is for. Anyhow i was up at 3:45 AM EDT and the 6E was a bust today........but it was all Greek to me.
Your contest thread hit home for me at first because you used the SuperTrend, one of my faves, but then the thread showed me the rigor that needs to go into developing and testing a strategy. You've gotten more creative than I in finding indies and combining them in new ways. And really working to understand them.
You've presented some great templates and methods that I have dutifully "stolen" and and experimented with too. And putting measurable routines and rules around them.
I have been much more of a seat of the pants trader too. I thought I was putting the work in, now I am, thanks to your roadmap of what that really looks like.
I'm learning your methods and appreciate your efforts in sharing and teaching.
Happy 4th of July to you. I'm taking a couple weeks off (started already) and coming back recharged. Thanks gain for your time in this thread.
Thank you Patrick for being a part of this contest thread. It was your participation that help spur many of my ideas and indy combos. At some point that's when I knew that this strategy was best utilized when it was adapted to your (anybody's) trading style.
I wanted to write a whole rule set, been since the TripleColor strategy is best part of anybody's trading style, the trader will have to complete the TripleColor basic rule set:
BLUE go long.
Red go short.
Let the price (signal) bar along as with the background and zlema paint before entering the trade.
And best to trade on the trigger bar in the direction of the signal bar.
That's about it. Happy 4th and happy trading.........................Tiberius
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