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Perrys Trading Platform
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Created: by perryg Attachments:304

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Perrys Trading Platform

  #291 (permalink)
Elite Member
Dallas, TX
 
Futures Experience: Beginner
Platform: Ninjatrader
Broker/Data: Zen-Fire
Favorite Futures: ZN, 6E
 
gulabv's Avatar
 
Posts: 284 since May 2010
Thanks: 159 given, 155 received


perryg View Post
Sorry for the late reply.

Yes this is my main trading method. Stops are related to the size of the range bar. If you use 4 range bars then SL = 6-8, if you use 15 range bars then SL=17. It is normally about 2 ticks below the previous bar on entry. Targets are again according to the way you trade, if it is 1 or 2 contracts. If 2 contracts, then exit after 4-5 ticks if 4 range bars, and 9-10 ticks if 15 range bars. on close of entry bar move SL to BE+1.

Perry,

Quick question on stop loss placement. You mentioned "It is normally about 2 ticks below the previous bar on entry". Can you shed some light on why you choose the low of previous bar to the entry bar for stop placement?

Thanks,
gulab

 
  #292 (permalink)
Elite Member
Springfield, MO
 
Futures Experience: Intermediate
Platform: SC
Favorite Futures: ES
 
Posts: 106 since Mar 2010
Thanks: 2,257 given, 45 received

Input and Clarification

Perry:

Please see attached (rectangles)

Could you please anotate the charts attached with your setup, entry and exit? I am pretty sure that I have the criteria implemented but for some reason, these two (there are others) are questionable for me.

By the way, I love the methodology. I am in the process of adapting it to fit my style (short, quick scalps, blah blah, blah, etc.).

Thanks for the support and I apologize for the trouble.

Attached Thumbnails
Perrys Trading Platform-perryg_1_2010-07-20_1921.png   Perrys Trading Platform-perryg_2_2010-07-20_1923.png  
 
  #293 (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



gulabv View Post
Perry,

Quick question on stop loss placement. You mentioned "It is normally about 2 ticks below the previous bar on entry". Can you shed some light on why you choose the low of previous bar to the entry bar for stop placement?

Thanks,
gulab

If you break the previous bar low then your original assumption for entering the trade was wrong and you should get out as soon as possible. The 2 ticks below is for leaway, as often it tests the previous bar low and then shoots off in the direction of your trade, so again we do not want to get stopped out of a potentially good trade.

 
  #294 (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


Affliction View Post
Perry:

Please see attached (rectangles)

Could you please anotate the charts attached with your setup, entry and exit? I am pretty sure that I have the criteria implemented but for some reason, these two (there are others) are questionable for me.

Attached are the answers to your question. I hope this helps.

Attached Thumbnails
Perrys Trading Platform-affliction1.png   Perrys Trading Platform-affliction2.png  
The following 2 users say Thank You to perryg for this post:
 
  #295 (permalink)
Elite Member
Springfield, MO
 
Futures Experience: Intermediate
Platform: SC
Favorite Futures: ES
 
Posts: 106 since Mar 2010
Thanks: 2,257 given, 45 received

Input and Clarification


perryg View Post
Attached are the answers to your question. I hope this helps.

Excellent!

I was confusing Method 1 and Method 2 or more to the point, I was apparently trying to using both at the same time to come up with one entry point (second graph).

Thanks for the response and clarification.

 
  #296 (permalink)
Elite Member
Springfield, MO
 
Futures Experience: Intermediate
Platform: SC
Favorite Futures: ES
 
Posts: 106 since Mar 2010
Thanks: 2,257 given, 45 received

Hopefully One More Time - More Clarification

Perry,

I hate to ask, but could you tell me if the bar inside the highlighted ellipse (with arrow) is the setup bar for Method 1? Or am I off the mark again. Please see attached chart.

Thanks for your patience and a super method!!

Attached Thumbnails
Perrys Trading Platform-perryg_3_2010-07-21_0921.png  
 
  #297 (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


Affliction View Post
Perry,

I hate to ask, but could you tell me if the bar inside the highlighted ellipse (with arrow) is the setup bar for Method 1? Or am I off the mark again. Please see attached chart.

Thanks for your patience and a super method!!

YES, that is the setup bar. Good !!!!

The following user says Thank You to perryg for this post:
 
  #298 (permalink)
Elite Member
Dallas, TX
 
Futures Experience: Beginner
Platform: Ninjatrader
Broker/Data: Zen-Fire
Favorite Futures: ZN, 6E
 
gulabv's Avatar
 
Posts: 284 since May 2010
Thanks: 159 given, 155 received


perryg View Post
YES, that is the setup bar. Good !!!!

And the stop loss would have been 1078.50 ?

The following user says Thank You to gulabv for this post:
 
  #299 (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


gulabv View Post
And the stop loss would have been 1078.50 ?

It looks like it, if it is 2 ticks below the low of the setup bar

The following 2 users say Thank You to perryg for this post:
 
  #300 (permalink)
Elite Member
toronto, ontario
 
Futures Experience: Intermediate
Platform: ninja trader
Broker/Data: sterling, iqfeed
Favorite Futures: es, nq, 6e
 
bizman70's Avatar
 
Posts: 363 since May 2010
Thanks: 41 given, 140 received


the few last trades have the black line - what are the parameters for them - i assumed that we would have the ema 5 and also the ema 40 plus the hma-ema red/blue lines - so somehow i have an extra line or we stopped using ema 40 for this system and are only going with the ema 5


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