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Perrys Trading Platform
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Perrys Trading Platform

  #371 (permalink)
Elite Member
Sydney, Australia
 
Futures Experience: Beginner
Platform: MT4
Broker/Data: Go Markets
Favorite Futures: Forex plus FTSE DAX and ASX200
 
grego's Avatar
 
Posts: 177 since Jun 2010
Thanks: 139 given, 76 received

Perry please look at the attached chart and comment

I seem to have a problem with the ADX .... I think?

Thank you

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  #372 (permalink)
Elite Member
Rechovot
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: CQG
Favorite Futures: Index,Currency and Energy futures
 
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Posts: 1,703 since Jan 2010
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grego View Post
Perry please look at the attached chart and comment

I seem to have a problem with the ADX .... I think?

Thank you

Attachment 17786

Take a look at the indicator at the bottom and see that you have "calculate on bar close = FALSE". They should thne both agree.

 
  #373 (permalink)
Elite Member
Sydney, Australia
 
Futures Experience: Beginner
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Broker/Data: Go Markets
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grego's Avatar
 
Posts: 177 since Jun 2010
Thanks: 139 given, 76 received


Thanks Perry
That fixed it

 
  #374 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
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Hi Perry

Believe you have had a Relaxing weekend. Mine was a fruitful one.

I read your thread for the third time today (maybe the fourth). Prepared a new set of rules using the EMA set up (not the SMA version). Got lucky and spotted a Long entry (per enclosed).

The signal bar has met the entry rules, ie

1. EMA 20 blue
2. EMA 5 (black) up at least 2 bars
3. Low of signal bar touching EMA 5
4. High of signal bar > EMA 20
5. FI green

I sim-traded it and placed a Buy order 1 tick above the Highest High of the past 5 bars (incl the signal bar). Got in and out for PT 4 within a minute. Appreciate your kind confirmation that I got everything right! Thank you.

+ a question please: Would the bar before the signal bar a valid one too with its Low breaking through EMA 5 and not touching it?

Beth

PS: Just noticed the entry was the most recent HH. A safer Buy might be to place 1 tick above it.

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
Attached Thumbnails
Perrys Trading Platform-es-09-10-8_1_2010-4-range-.jpg  

Last edited by wgreenie; August 1st, 2010 at 09:42 PM. Reason: Additional PS note on entry
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  #375 (permalink)
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Durham, NC
 
Futures Experience: Beginner
Platform: NinjaTrader
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Hello Beth,

I did a SIM of the same trade... I also was not sure about the signal bar so took the same one you did. Trade was good for 4 ticks... Not sure that it was best entry with resistance so close ... On my chart "Bottom of Trading Range" was 1105.50. Embarrassed to say i am not sure i understand what that actually means - 1100's doenst appear to be a bottom of anything given recent action.

After reading the rules - it appears the bar before the signal bar meets the criteria . It is touching the EMA 5 and a tail below it too.

I also have a Market Profile Globex chart up and running for additional context. I think Perrys chart will work well with MP.


Last edited by mediaboy; August 2nd, 2010 at 01:58 AM. Reason: Figured out the Murray Math... Doh... . :)
 
  #376 (permalink)
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Marietta, Oh USA
 
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Hi Beth,

I noticed, on your chart, that you have the PriceActionSwingABC indicator. I tried finding it on the futures.io (formerly BMT) site, both in the regular downloads and the elite downloads but to no avail.

Is it for public consumption? If so, would you be so kind to point me in the right direction. I would appreciate it very much. Thanks.

emini

 
  #377 (permalink)
Elite Member
Rechovot
 
Futures Experience: Advanced
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Broker/Data: CQG
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wgreenie View Post
Hi Perry

Believe you have had a Relaxing weekend. Mine was a fruitful one.

I read your thread for the third time today (maybe the fourth). Prepared a new set of rules using the EMA set up (not the SMA version). Got lucky and spotted a Long entry (per enclosed).

The signal bar has met the entry rules, ie

1. EMA 20 blue
2. EMA 5 (black) up at least 2 bars
3. Low of signal bar touching EMA 5
4. High of signal bar > EMA 20
5. FI green

I sim-traded it and placed a Buy order 1 tick above the Highest High of the past 5 bars (incl the signal bar). Got in and out for PT 4 within a minute. Appreciate your kind confirmation that I got everything right! Thank you.

+ a question please: Would the bar before the signal bar a valid one too with its Low breaking through EMA 5 and not touching it?

Beth

PS: Just noticed the entry was the most recent HH. A safer Buy might be to place 1 tick above it.

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.

Attached Thumbnails
Perrys Trading Platform-beth-today-es.png  
The following 3 users say Thank You to perryg for this post:
 
  #378 (permalink)
Elite Member
Rechovot
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: CQG
Favorite Futures: Index,Currency and Energy futures
 
perryg's Avatar
 
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mediaboy View Post
Hello Beth,


After reading the rules - it appears the bar before the signal bar meets the criteria . It is touching the EMA 5 and a tail below it too.

You are correct

 
  #379 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
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perryg View Post
You basically got it right, but the bar before was the correct SETUP bar.

Hi Perry

Your swift response has made my day/week and I know we can count on your guidance (as always)!

The reason for not using Methods 1 and 2 when they're released in Apr was I did not get the following for some unknown reasons:

Long - Set Up Bar LOW must be less than EMA(5)
Short - Set Up Bar HIGH must be greater than EMA(5)

That's why I waited for the bar after the correct set up bar so that it met the "touching" rule. Let me try again:

1. Set Up Bar LOW must be less than EMA(5) = its Low must be below EMA(5)?
2. Set Up Bar HIGH must be greater than EMA(5) = its High must be above EMA(5)?

My warmest apologies for spelling out my understanding like that (else it's still a myth to me). Do I get it right? If not, please do me a big favor and make them very visual for me so that I will get them this round. Else I will always be late to the party ..

Beth (grateful)

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
The following user says Thank You to wgreenie for this post:
 
  #380 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received



eminitrdr View Post
Hi Beth,

I noticed, on your chart, that you have the PriceActionSwingABC indicator. I tried finding it on the futures.io (formerly BMT) site, both in the regular downloads and the elite downloads but to no avail.

Is it for public consumption? If so, would you be so kind to point me in the right direction. I would appreciate it very much. Thanks.

emini

Hi Emini

You will find the PriceActionSwing indicators from the following thread (Post #1):

https://futures.io/platforms-indicators/1272-priceactionswing-discussion.html

Unfortunately, mine with ABC patterns is not available for public. It's a gift from a trading friend and he requested me to keep it private. You will find other indicators that plot ABCD from the Harmonic thread.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
The following user says Thank You to wgreenie for this post:

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