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The Shawshank Redemption
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Created: by babypowder Attachments:2

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The Shawshank Redemption

  #41 (permalink)
Elite Member
Brooklyn, NY
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus/IB/FinFx
Favorite Futures: ES, Forex
 
babypowder's Avatar
 
Posts: 182 since Apr 2010
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6E live play

6E- 1440 min chart, 6E - babypowder's library. TLB entry filled at .4141. Circle represents strong confluence (target area).
Looking way back assessment for Stop and Profit, 6E - babypowder's library.

Stay tune,
BP

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  #42 (permalink)
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6E live play

6E- 1440 min chart, 6E - babypowder's library. Explaining money management in relation with TLB.

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  #43 (permalink)
Trading Apprentice
Malaysia
 
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thanks babypowder, could you recommend books regarding the method you are using,
best regards,

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  #44 (permalink)
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Method

Hey Mug,
I think checking out Suri's webinar if you have not already did. Being that TLB can be a triangle/wedge/dragon pattern when you add 2 TL. It's funny there are many names derived from this.

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  #45 (permalink)
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ES/6E

ES- 1000 vol chart, Vol - babypowder's library.

6E- 1440 min chart, 6E - babypowder's library. 6E live play follow up currently in the red with stop above the TL if price breaks. Stay tuned.

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  #46 (permalink)
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6E

6E- 1 min chart, 6E - babypowder's library.
6E-1440 min chart, 6E - babypowder's library. Price hit the top TL but did not break so lets see if we get a bounce off here.

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  #47 (permalink)
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  #48 (permalink)
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6E live play

hAPPY jULY 4TH TO aLL,

6E- 1440 min chart, 6E - babypowder's library. Our pullback entry play short will be set short at .4398 (the OB low). You see a OB form at a held TL. As for the TLB entry play the position was liquidated as earlier mentioned when price made a TLB passed the top TL which it did for a -450 tick. Note: 1 of the main reason we should wait for a pullback entry once the TLB is triggered. But I wanted to record both entries as there are many different styles of trading.

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  #49 (permalink)
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babypowder View Post
hAPPY jULY 4TH TO aLL,

6E- 1440 min chart, 6E - babypowder's library. Our pullback entry play short will be set short at .4398 (the OB low). You see a OB form at a held TL. As for the TLB entry play the position was liquidated as earlier mentioned when price made a TLB passed the top TL which it did for a -450 tick. Note: 1 of the main reason we should wait for a pullback entry once the TLB is triggered. But I wanted to record both entries as there are many different styles of trading.

You are risking -450 ticks on a single 6E trade? You guys must have seriously huge accounts! I trade the 6E with a 3 tick stop. You guys are out of my league!

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  #50 (permalink)
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EOD


Hey Monpere,

Nah I wish I can trade an acct in which 450 tick equals 1-2%. But if you read the entire thread. You can see due to my limited time I can only check back in EOD. So instead of just giving examples everyday in hindsight. I wanted to give a live example of the setup which can only be in daily TF's. Also, I'm recording 2 different entries aggressive (TLB) and conservative (pullback TLB). I'll continue recording the conservative setup which should be triggered. But for the small account guys check out the ES in a 1 min TF with this method.

Stay tuned.

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