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The Italian Job
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The Italian Job

  #491 (permalink)
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trendisyourfriend View Post
Nice short for a long

He he, Thanks TIYF, now I know somebody is following my thread

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  #492 (permalink)
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forrestang View Post
@redratsal

Just curious, what is the status on your trend following ideas?

Thanks for the question, I am using a combination of vwap+SD's and Ichimoku tick charts for the entry setup, and my usual range charts with S&R for the trade management, I do scale in on support or resistance levels with a limited number of contracts (3-5), stops are tighter. As I am really busy in those days I haven't had time to fine tune the method. The idea is to use the italian job method for the UK session and the trend following for the US one. I will soon start posting some Sim trades with relative comments.

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  #493 (permalink)
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CL Long 1 contract, target on R +385$

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  #494 (permalink)
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CL Short 1 contract, target near S, +305$

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  #495 (permalink)
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redratsal View Post
I am using a combination of vwap+SD's and Ichimoku

Just FYI, Manesh Patel and Chris Capre will be doing webinars in November and December on Ichimoku.

Amazon.com: Trading with Ichimoku Clouds: The Essential Guide to Ichimoku Kinko Hyo Technical Analysis (Wiley Trading) (9780470609934): Manesh Patel: Books

http://www.fxstreet.com/search/contributors/authors/author.aspx?id=ac23e74c-7e43-460e-aa48-b7fd5c999d20

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  #496 (permalink)
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Thx Mike, I noticed it in the upcoming web section, I read the book and look forward to watch the webinar.

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  #497 (permalink)
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CL long 2 contracts, target below R, +431$

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Vwap 2SD are marked Aqua

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  #498 (permalink)
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Change scaling in

In order to decrease the risk, instead of scaling in every 10 ticks I will place my orders on the next support line for long entries and on the next resistance line for short entries as indicated by the Fibonaccizones indicator(distance from last entry must be >= 10 ticks). The entries nearby S&R should increase the possibilities of a price reversal in the direction of the trade. The first entry will be as usual on the vwap 2SD. A maximum of 5 contracts should be used.

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Added changes to quick summary https://futures.io/traders-hideout/11184-italian-job.html


Last edited by redratsal; October 7th, 2011 at 09:15 AM.
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6E long 1 contract, target below R +278$

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CL long 2 contracts, target below R and Vwap +262$

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