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Scalping the DOW
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Created: by sillykiddo Attachments:17

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Scalping the DOW

  #11 (permalink)
 Vendor: www.tradersforce.com 
Dallas,tx
 
Futures Experience: Advanced
Platform: Market Delta
Broker/Data: Velocity /TT
Favorite Futures: ES
 
benbrooke's Avatar
 
Posts: 430 since Aug 2009
Thanks: 216 given, 484 received

Dear Steve ,

let me answer your question by showing you how i traded the ES today and then you can translate this to the YM. (as i mention before i trade the ES and my brother trade the YM)

My default stop for every trade is 3PT but i am adjusting it to 2 ticks below/above the BB
i only trade extremes (price are close to the Bollinger bands)

Trade 1:

as you can see in the chart (posted below) price bounced from the low BB i waited for D9 cross above 0 place my stop below the BB and prices never looked back

i trail my stop one tick below the blue Triple EMA line (never get stopped out)

exit when my trail stopped at the Triple EMA line


Trade 2:

Price create divergence D9 show low pick so i anticipate down move

D9 crosses below 0 line stop at the top of the band and trail with Triple EMA line


now you asked your self why i didnt take the cross down below 0 after my first trade , and the answer is look at the Detrend values and the predict value which show higher reading at that time so i skipped the short and expected divergence

which gave me the second trade.

i only traded those 2 setups and didnt take the 3rd one which also worked out good.

i hope this answer your questions

ban.

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Scalping the DOW-playoftheday.jpg  
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  #12 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Beginner
Platform: NT
Broker/Data: Zen-
Favorite Futures: ES, CL
 
Posts: 74 since Jul 2009
Thanks: 108 given, 98 received

Hey Ban,

First thank you so much for sharing your system. Being a very frustrated newbee, I really appreciate what you have shared. It help me "brighten a dim light"

I have read your post here as well as on the d9Particle thread. Can you please expand on how the 7 range chart comes into play for entries?

Also, I'm not sure if its feasible for you, but can you please keep posting charts like the one above. I know I find it very helpful and I guess others would as well.

Once again thank you for you contributions here.

Cheers,
lipton

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  #13 (permalink)
 Vendor: www.tradersforce.com 
Dallas,tx
 
Futures Experience: Advanced
Platform: Market Delta
Broker/Data: Velocity /TT
Favorite Futures: ES
 
benbrooke's Avatar
 
Posts: 430 since Aug 2009
Thanks: 216 given, 484 received


You welcome!

i like to tech new traders how to trade

i use 7 range to see what is the general direction of the price
as you can see in the chart today was a perfect setup which is not always the case
prices were in the low band for the long and the high band for the short

always have 2 charts in front of you and you will see that

very simple setup , once you master this setup you will do just fine.

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Scalping the DOW-7range.jpg   Scalping the DOW-playoftheday.jpg  
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  #14 (permalink)
 Vendor: www.tradersforce.com 
Dallas,tx
 
Futures Experience: Advanced
Platform: Market Delta
Broker/Data: Velocity /TT
Favorite Futures: ES
 
benbrooke's Avatar
 
Posts: 430 since Aug 2009
Thanks: 216 given, 484 received

BTW you can use this sounds files for the D9 cross

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Register to download File Type: zip D9Crosses.zip (140.0 KB, 171 views)
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  #15 (permalink)
Elite Member
NJ
 
Futures Experience: None
Platform: NinjaTrader
 
Posts: 7 since Aug 2009
Thanks: 1 given, 0 received

Thanks for a great system, ban.

One question on the use of d9.

For long entry, when d9 crosses zero, are you looking for the predict to be higher in value than detrend or are you looking for predict and detrend BOTH to be positive?

Same for short. Are you looking for predict to be lower in value than detrend or simply for both to be negative.

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  #16 (permalink)
Elite Member
San Diego, California
 
Futures Experience: Intermediate
Platform: NinjaTrader, Felton
Favorite Futures: CL, GC
 
Hapster's Avatar
 
Posts: 140 since Aug 2009
Thanks: 38 given, 81 received

I think the notes on the D9 indicator point out that the predictor number should be LESS than the detrend number. And if it's NOT, then a reversal is imminent (either direction).

H

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  #17 (permalink)
 Vendor: www.tradersforce.com 
Dallas,tx
 
Futures Experience: Advanced
Platform: Market Delta
Broker/Data: Velocity /TT
Favorite Futures: ES
 
benbrooke's Avatar
 
Posts: 430 since Aug 2009
Thanks: 216 given, 484 received

predict should be higher for long and vise versa for short , but the way i am looking at these number is when the market next the BB low/high i can see if reversal is coming

ban,

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  #18 (permalink)
Just starting out...
Melbourne
 
Futures Experience: Advanced
Platform: Ninjatrader
 
Posts: 16 since Jun 2009
Thanks: 0 given, 0 received

Where can i get the template for YM for this and what range bar should be used with this setup

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  #19 (permalink)
Just a boy
Auckland, New Zealand
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
Posts: 1,803 since Sep 2009
Thanks: 3,165 given, 1,372 received

Thanks Ban,

Just absorbing all your feedback now.

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  #20 (permalink)
 Vendor: www.tradersforce.com 
Dallas,tx
 
Futures Experience: Advanced
Platform: Market Delta
Broker/Data: Velocity /TT
Favorite Futures: ES
 
benbrooke's Avatar
 
Posts: 430 since Aug 2009
Thanks: 216 given, 484 received


hey sillykiddo

you can use my ES system , my brother trade the same system ONLY for the YM

i use very simple system that makes money everyday

to access the elite-circle , you have to be a VIP member (which mean that you need to donate)

worth every penny


https://futures.io/general-discussion/elit...ations-15.html

Ban

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