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Perrys Trading Platform
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Perrys Trading Platform

  #1181 (permalink)
Elite Member
Cucamonga, CA
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Optimus & Rithmic
Favorite Futures: TF
 
kalalex's Avatar
 
Posts: 197 since Mar 2011
Thanks: 223 given, 126 received

Hi Perry,

I tried to learn your method and found this old post of yours which I really want to test next week but I'm not so clear about 2 things so please help.

I read the whole thread of over 110 pages and tried to familiarize myself with your system (the older one,,,not the one that's featured in the recent webinar)

In the attached picture of yours I'm not clear about the 2nd and 3rd setup bars. You posted this picture to show "continuation trade" examples in page #50. I understand the 1st setup because EMA 5 went up 2 bars AFTER EMA 5 went DOWN or FLAT.

Your rule # 2 states that EMA5 must have gone up at least 2 bars. Please help me understand when I have to begin counting for 2 bars gone up. I thought it was after EMA5 gone down or flat because you said somewhere in the thread that I have to look at EMA 5 iteself but 2nd and 3rd setup bars in your picture there was no "bent" in EMA5.

So the question is EMA(5) must have gone up at least 2 bars since when or what point?

Another question is about method 2.

Your rule #2 for method 2 states that "The EMA(5) - the black line - must have gone UP at least 2 Bars or more."

(For a short trade setup) The EMA 5 went up 5 bars but it's mixed bars (up and down bars like first 7 bars in the left most part of the picture). It's still a legit setup or they have to be all up bars?

Also the 6th bar from the right most in the picture is the right setup bar to go long for method 2 trade?

I'm sorry to dig up an old post but I really want to try to learn this system too.

Thank you.




perryg View Post
ENTRY RULES:

ONLY TRADE IN THE DIRECTION OF THE EMA(20). Never try anything else. This will keep you in the money and sane, with no stress.

Trading Method 1:

Long Entries:

1. The EMA(20) - the coloured line - must be going UP. Colour = BLUE

2. The EMA(5) - the black line - must have gone UP at least 2 Bars or more.

3. The Setup bar LOW must be LESS than or touching the EMA(5) and the Setup bar HIGH must be greater than the EMA(20).

4. From the Setup bar, count 5 bars backwards including the setup bar.

5. ENTER the trade 1 tick/pip above the Highest High of the 5 bars.

6. Confirm that ForceIndex = BLUE


SHORT Entries:

1. The EMA(20) - the coloured line - must be going DOWN. Colour = RED

2. The EMA(5) - the black line - must have gone DOWN at least 2 Bars or more.

3. The Setup bar HIGH must be GREATER than or touching the EMA(5) and the Setup bar LOW must be less than the EMA(20).

4. From the Setup bar, count 5 bars backwards including the setup bar.

5. ENTER the trade 1 tick/pip below the Lowest Low of the 5 bars.

6. Confirm that ForceIndex = RED



To start out I would recommend using a 2 or 3 range chart because your stops can be very small. I would then recommend trading 2 contracts, with a proft target of 4 ticks for the first contract, and a 8 tick profit for the second contract. A total of 12. Your SL can then be 4 ticks. When the first target is reached, put SL to BE less 2 ticks. All this can be put into an ATM strategy. A trade like this can give you $150. A few of these a day can be good trading. Later on if your account grows you can put 4 or 6 contracts, and take less trades.


Attached Thumbnails
Perrys Trading Platform-6e-today-8-9-10.png  

Last edited by kalalex; September 18th, 2011 at 04:13 AM.
 
  #1182 (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


kalalex View Post
Hi Perry,

I tried to learn your method and found this old post of yours which I really want to test next week but I'm not so clear about 2 things so please explain.

I read the whole thread of over 100 pages and tried to familiarize myself with your system (the older one,,,not the one that's featured the recent webinar)

In the attached picture of yours I'm not clear about the 2nd and 3rd setup bars. You posted this picture to show "continuation trade" examples. I understand because EMA 5 went up 2 bars AFTER EMA 5 went DOWN or FLAT.

Your rule # 2 states that EMA5 must have gone up at least 2 bars. Please help me understand when I have to begin counting for 2 bars gone up. I thought it was after EMA5 gone down or flat but 2nd and 3rd setup bars in your picture there was no "bent" in EMA5.

Another question is about method 2.

(For a short trade setup) The EMA 5 went up 5 bars but it's mixed bars (up and down bars like first 7 bars in the left part of the picture). It's still a legit setup?

Also the 6th bar from the right in the picture is the right setup bar to go long for method 2 trade?

I'm sorry to dig up an old post but I really want to try to learn this system too.

Thank you.

I strongly suggest you to view the Webinar and read the new thread in the Elite section. Things will be much clearer.

 
  #1183 (permalink)
Elite Member
Cucamonga, CA
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Optimus & Rithmic
Favorite Futures: TF
 
kalalex's Avatar
 
Posts: 197 since Mar 2011
Thanks: 223 given, 126 received



perryg View Post
I strongly suggest you to view the Webinar and read the new thread in the Elite section. Things will be much clearer.

Perry,

I watched the webinar 3 times already.

I'm asking about the older system of yours....not the recent one with ppma and dma.

 
  #1184 (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


kalalex View Post
Perry,

I watched the webinar 3 times already.

I'm asking about the older system of yours....not the recent one with ppma and dma.

I fully understand, and that is the reason I did the webinar and added the MDA and expecially the PPma, in order to answer the same questions that you ask and so many others have asked over the past year and half. There is no point in go backwards as the introduction of the PPma answer all your questions. YOur same questions have also been answered so many times in the thread, so I am now reluctant to start all over again.

 
  #1185 (permalink)
Elite Member
Cucamonga, CA
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Optimus & Rithmic
Favorite Futures: TF
 
kalalex's Avatar
 
Posts: 197 since Mar 2011
Thanks: 223 given, 126 received


perryg View Post
I fully understand, and that is the reason I did the webinar and added the MDA and expecially the PPma, in order to answer the same questions that you ask and so many others have asked over the past year and half. There is no point in go backwards as the introduction of the PPma answer all your questions. YOur same questions have also been answered so many times in the thread, so I am now reluctant to start all over again.

Like I said,,,I read the the whole thread and wondered that NO ONE asked the question "when to begin counting 2 bars" for method 1. Maybe I'm missing something very obvious or too dumb....

I also understand your reason and I thought about sending you PM instead of posting here for the same reason.

 
  #1186 (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


kalalex View Post
Like I said,,,I read the the whole thread and wondered that NO ONE asked the question "when to begin counting 2 bars" for method 1. Maybe I'm missing something very obvious or too dumb....

I also understand your reason and I thought about sending you PM instead of posting here for the same reason.

Just for fun I found one thread : https://futures.io/traders-hideout/3514-perrys-trading-platform-15.html#post40295 that explains that the setup bar is part of the count of the 5 bars. I am sure you will find all your answers in the threads.

 
  #1187 (permalink)
Elite Member
Cucamonga, CA
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Optimus & Rithmic
Favorite Futures: TF
 
kalalex's Avatar
 
Posts: 197 since Mar 2011
Thanks: 223 given, 126 received


perryg View Post
Just for fun I found one thread : https://futures.io/traders-hideout/3514-perrys-trading-platform-15.html#post40295 that explains that the setup bar is part of the count of the 5 bars. I am sure you will find all your answers in the threads.

Perry,
I found my own solution.
Thanks.


Last edited by kalalex; September 18th, 2011 at 06:33 AM.
 
  #1188 (permalink)
Elite Member
Cucamonga, CA
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Optimus & Rithmic
Favorite Futures: TF
 
kalalex's Avatar
 
Posts: 197 since Mar 2011
Thanks: 223 given, 126 received

I got it now.


Last edited by kalalex; September 18th, 2011 at 06:33 AM.
 
  #1189 (permalink)
Elite Member
Boston, Massachusetts
 
Futures Experience: Beginner
Platform: NinjaTrader
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Favorite Futures: ES
 
Posts: 287 since Jun 2011
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This is my first post on futures.io (formerly BMT). I am writing to thank Perry for sharing his knowledge. God bless you!

 
  #1190 (permalink)
Elite Member
Boston, Massachusetts
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: AMP/NinjaBrokerage/Continuum/Rithmic
Favorite Futures: ES
 
Posts: 287 since Jun 2011
Thanks: 1,286 given, 1,101 received

Sim Trading Perry's Method 1


Hello,

Would anybody wish to critique my attempt to identify setups using Perry's Method 1 setup on the TF 1 minute chart this morning? Thanks in advance. I have attached a snapshot of the chart.

Attached Thumbnails
Perrys Trading Platform-perrysimtrade.jpg  

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