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..

Your best lineup is when all are in your direction. By watching your charts a few days you will get the feeling of when a HTF is not exactly lined up but you still have a trade. Sometime in these cases the trade is short lived but you can still get a nice trade our of it.

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

The example you have given is extraordinary, because that spike candle causes a bit of a hickup. Normally the entry is fairly quick and not 28 min. Please remember that you are using Range bar, so a new bar will not register if there is no volatility at this point in time. As long as the setup is there you can wait, I think that 28 min is too long, so go and look for something else.

2. Yes you can do this.

3. Yes you are correct

4. Yes you are correct

hey Perry

I applied the "BasicTemplate Perry.xml" but dont see any arrows or parameter to display arrow or dot . I see these indicators in the chart

EMA5
ForceIndex
DMPLus_v3a
ADXBox
AAMA

Just an observation. I looks as though one could eliminate the 1 period PPMA, to at least clear one line from the chart, as you can simply look at whether price is above or below the 3 period PPMA. That price action basically mirrors the crossing of the 1 period PPMA crossing below and above the 3 period.

A clarification on this; it appears that it's when price closes above or below the 3 period PPMA. In re-watching the webinar I noticed one place where price crossed below the 3 PPMA, closed right on it, but the 1 PPMA consequently didn't cross below, and price continued up. This was at the 1:02:20 mark, at the 18:40 bar. One might have been faked out at that point, as price dipped below the 3 PPMA and closed right on it. So, I'll say that for the most part, I've noticed that when price closes above or below the 3 PPMA is when the 1 PPMA crosses it.

Hello everyone,

I'm trying new some stuff with momentum bars and Perry's setup and thought I'd share my first impressions.

The pic is a comparison between regular range bars and momentum bars and besides having a 'cleaner' look, they also give cleaner signals at turnings points where the 4Range chart didn't. Momentum(2) is the equivalent of a Range(4) chart.

Again, this are my first impressions and I still have to test it more thoroughly.

Has anyone tried these momentum bars with Perry's method?

Thanks

Would you kindly give me a description of "momentum bars", or a link to same?