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Perrys Trading Platform
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Perrys Trading Platform

  #1161 (permalink)
Elite Member
Rechovot
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: CQG
Favorite Futures: Index,Currency and Energy futures
 
perryg's Avatar
 
Posts: 1,703 since Jan 2010
Thanks: 504 given, 6,262 received


madLyfe View Post
dont these give good entry bars because that when the adx is turning up?

Yes that is correct, but you can also see the color change if you do not want the line

The following user says Thank You to perryg for this post:
 
  #1162 (permalink)
Elite Member
Roseville CA
 
Futures Experience: Advanced
Platform: N7
Broker/Data: Amp Futures/CQG
Favorite Futures: ES
 
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perryg View Post
Yes that is correct, but you can also see the color change if you do not want the line

A big thank you Perry for your time and energy in sharing your method.

I was able to put the 6E 4 Range chart to work today during the first few hours of the NYSE open. I have my charts looking very similiar to yours including the Pivot Point Moving Averages/Market Directional Moving Averages and the ADX with the color change function. All settings have been replicated to match your chart shown in the webinar.

I would like to comment on one thing I noticed.

When all the indicators (moving avgs) were lining up nicely as price was at the 5 ma and the ADX was pointing up which appeared to offer a entry, was that things could change very fast at either the close of the entry bar or the following bar. What looked like the perfect setup had been erased without the chance for a 4 tick profit target before taking a 12 tick stop.

My point is that looking at static charts are so much different than real time. Would you agree to that?

If so, Can you offer any assistance on this matter? It would be greatly appreciated. I could prolly record some video of the 6E in realtime to show what appears to be a great setup only for it to vanish.

Thanks again

The following user says Thank You to ceramictilepro for this post:
 
  #1163 (permalink)
Elite Member
Rechovot
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: CQG
Favorite Futures: Index,Currency and Energy futures
 
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ceramictilepro View Post
A big thank you Perry for your time and energy in sharing your method.

I was able to put the 6E 4 Range chart to work today during the first few hours of the NYSE open. I have my charts looking very similiar to yours including the Pivot Point Moving Averages/Market Directional Moving Averages and the ADX with the color change function. All settings have been replicated to match your chart shown in the webinar.

I would like to comment on one thing I noticed.

When all the indicators (moving avgs) were lining up nicely as price was at the 5 ma and the ADX was pointing up which appeared to offer a entry, was that things could change very fast at either the close of the entry bar or the following bar. What looked like the perfect setup had been erased without the chance for a 4 tick profit target before taking a 12 tick stop.

My point is that looking at static charts are so much different than real time. Would you agree to that?

If so, Can you offer any assistance on this matter? It would be greatly appreciated. I could prolly record some video of the 6E in realtime to show what appears to be a great setup only for it to vanish.

Thanks again

Could you post me a chart, or tell me the exact time and day that you had the problem.

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  #1164 (permalink)
Elite Member
Duncan, B.C.
 
Futures Experience: Intermediate
Platform: TS,MC
Favorite Futures: CL,TF
 
Posts: 27 since Jul 2010
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Range and ADE.

Seeing that the VisualSMA3 is not available for MC users I'm hoping to use ADE to access the data from the higher time frames as I have some(little) experience using this with Time,Volume and Tick based formats but am unsure of Range(point) based bars. Not looking to promising. Can this be done, anybody? Tried using Data2 and Data3 but do not like working with the resulting chart in data1.


Last edited by RickW; August 30th, 2011 at 02:45 PM.
 
  #1165 (permalink)
Elite Member
Des Moines, Iowa
 
Futures Experience: None
Platform: Ninja, TOS
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perryg, could you post(in order of importance) the entry rules for the new setup you are running? im confused on how you see the trades setup.

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
 
  #1166 (permalink)
Elite Member
San Mateo, CA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
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Posts: 42 since Aug 2010
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perryg View Post
Beth,

You basically got it right, but the bar before was the correct SETUP bar. Take a look at attached chart.

REASONING:
1. We have at least 2 bars of the EMA 5 going UP.
2. The bar is crossing the EMA 5, and the LOW is BELOW the EMA 5
3. The bars HIGH > EMA 20

Once I have this then the Highest high of the last 5 bars(setup bar included) is the SPIKE bar 4 bars before. At this stage I can put at my leasure a STOP BUY ORDER 1 tick above that spike bar as the entry bar. Now I just sit back and relax. Notice that it took another 29 minutes for it to trigger, and as you said a minute to get you PT1.

You are not pressured by this method, as you can SEE the Entry bar, and have AMPLE TIME to place your trade. You must be relaxed, there is no pressure. If you happened to miss it there will be plenty around the corner.


Hello, Perry,

First of all, thank you very much for sharing your methods with the forum. I enjoyed your thread and webinar and have been eagerly studying for a few weeks. I have a few question regarding the entry methods and I copied your chart showing in post #377 (Aug2nd, 2010) and made a few marks on this post, if you don't mind.

I understand your entry rules and your explanation is crystal clear. So I know that bar A is the setup bar and you place your stoploss entry order 1 tick above the spike bar and waiting for the market come to hit the order. The order thus get filled in Bar C.

My question is:
1. In this situation, it takes 29 minutes to activate the trigger, and also take another bar (Bar B) to trigger the entry order in the formation of Bar C. Sometimes in realtime, it might takes more bars to get it filled. I wonder how many more bars do you wait till it get triggered or just never touched? If the bars are just wandering below your trigger level for quite a few bars, do you take the order off and search for another setup?

2. If in a situation, I did not place the stoploss entry order in time thus miss the trade; and market come back below the entry level. In this case, the tail portion of the Bar C. Shall I use a buy limit order to get in Long at a lower price compared with the stoploss entry level?

Because I see this kind of "pullback" quite often, I wonder if we can take advantage of this kind of price action to do the second entry. After all, we enter at the lower price and potential risk is lower. Is my thinking right?

3. Bar B is also a setup bar, and with the same stoploss entry level, is that right?

4. You mentioned in your post #281 and #412 that after your entry, you initial SL is at about 2-3 ticks below the previous bar on entry. Since the entry is made on Bar C. Then the SL should be 2-3 ticks below Bar B. Is my understanding right? I marked on the chart with dotted line, 3 ticks below Bar B, with a reading of about 1102.75. Could you please comment on this?

Thank you very much again for your kind help.

Peter

Attached Thumbnails
Perrys Trading Platform-0373.png  
 
  #1167 (permalink)
Elite Member
Green Bay WI
 
Futures Experience: Intermediate
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madLyfe View Post
perryg, could you post(in order of importance) the entry rules for the new setup you are running? im confused on how you see the trades setup.

He answered that for me in this post

https://futures.io/elite-circle/13189-perrys-trading-method-elite-members-4.html#post148974

 
  #1168 (permalink)
Elite Member
Des Moines, Iowa
 
Futures Experience: None
Platform: Ninja, TOS
Broker/Data: AMP/CQG, TOS
Favorite Futures: CL, TF, GC
 
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Posts: 1,641 since Feb 2011
Thanks: 9,217 given, 1,011 received



well where in that process does the 8 and 10 range visual MAs come into play?

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
 
  #1169 (permalink)
Elite Member
Rechovot
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: CQG
Favorite Futures: Index,Currency and Energy futures
 
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Thanks: 504 given, 6,262 received


madLyfe View Post
well where in that process does the 8 and 10 range visual MAs come into play?

The 8 and the 10 are you HTF. They should also be pointing in the direction of your trade.

 
  #1170 (permalink)
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perryg View Post
The 8 and the 10 are you HTF. They should also be pointing in the direction of your trade.

do they just not have to be flat? cuz i see them sometimes where they are not flat, but they are not angled up like the ppMAs are.. also sometimes one might be flatish and the other is going my direction..

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻

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