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Perrys Trading Platform
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Perrys Trading Platform

  #381 (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


wgreenie View Post
Hi Perry

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)?

THe above is correct. Attached is a diagram. Because we are using Range bars, it is sometimes difficult to see a FULL break of the EMA 5 so that a break or touch is considered the same. i.e. Less than or equal, or greater than or equal.

I hope this helps, as it is really very simple

Attached Thumbnails
Perrys Trading Platform-beth-entry.png  
The following 6 users say Thank You to perryg for this post:
 
  #382 (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


perryg View Post
THe above is correct. Attached is a diagram. Because we are using Range bars, it is sometimes difficult to see a FULL break of the EMA 5 so that a break or touch is considered the same. i.e. Less than or equal, or greater than or equal.

I hope this helps, as it is really very simple

Big Big Thank You to You Perry! Mystery solved .. Hurrah!

Yes, sometimes very very simple things "look" intimidating when they're too simple I guess. FYI: I asked my husband (who's Canadian German) how he interpreted the "less than" rule and he's not sure. I better sought your advice as I want to get it 100% right.

Now I will resume getting used with the set up and be Successful - great news! Thanks to you of course!

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
 
  #383 (permalink)
Elite Member
Abington, PA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL,NG,GC,FDAX,
 
Turtrend's Avatar
 
Posts: 49 since Aug 2009
Thanks: 107 given, 48 received

CRITERIA FOR TRADING INSTRUMENT


Hi Perry.

I remember reading one of your older posts where it said you look at multiple instruments.

Aside from the actual mechanics of your setup, is there a criteria for choosing the instrument you trade on a given day? In addition, just wondering if range bar size falls into this decision making process.

Sometimes particular instruments look choppy for the whole day.

Thanks again for introducing this interesting approach.

 
  #384 (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


Turtrend View Post
Hi Perry.

I remember reading one of your older posts where it said you look at multiple instruments.

Aside from the actual mechanics of your setup, is there a criteria for choosing the instrument you trade on a given day? In addition, just wondering if range bar size falls into this decision making process.

Sometimes particular instruments look choppy for the whole day.

Thanks again for introducing this interesting approach.

I trade the same instruments every day, on the same range bars. Do not change anything. Only look for entries according to the rules. Life has to be simple.

The following 2 users say Thank You to perryg for this post:
 
  #385 (permalink)
Elite Member
Abington, PA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL,NG,GC,FDAX,
 
Turtrend's Avatar
 
Posts: 49 since Aug 2009
Thanks: 107 given, 48 received

Amen to that!
Thanks very much for your prompt reply.

"Simplicity is the ultimate sophistication"
Leonardo da Vinci

Given the following quote, keep the examples coming when you have opportunity to do so.

"An expert is a person who has made all the mistakes that can be made in a very narrow field."
Niels Bohr

 
  #386 (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

Hi Perry

Thanks for the additional tips today. I am thrilled that I now understand the ADX/+-DI lines!

Need to pick your brains please. After reading your threads a few times, I do not recall seeing your trading hours. My warmest apologies if I missed it.

May I have a better idea on your trading schedule please, say regular trading hours or morning only? How about your strategy when an important news is just around the corner or FMOC? Appreciate very much your sharing more wisdom with me.

Beth (grateful)

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
 
  #387 (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


wgreenie View Post
Hi Perry

Thanks for the additional tips today. I am thrilled that I now understand the ADX/+-DI lines!

Need to pick your brains please. After reading your threads a few times, I do not recall seeing your trading hours. My warmest apologies if I missed it.

May I have a better idea on your trading schedule please, say regular trading hours or morning only? How about your strategy when an important news is just around the corner or FMOC? Appreciate very much your sharing more wisdom with me.

Beth (grateful)

Do not have a specific trading hours. Yes, do not trade 5 min before and 5 min after news event. The news event that I consider are those that are call "high impact" and are RED in the forexfactory calander.

The following 2 users say Thank You to perryg for this post:
 
  #388 (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

Hi Perry

Need to pick your brains please. I market replayed 6E (between 7:30 am and 9:30 am) and did 5 2-contract trades (per enclosed). Except Trade No 3 (highlighted in ellipse) was an inadvertent entry (missed checking FI). Got lucky and it's a profitable trade .. haha ..

My questions are:

1. Should I consider a different strategy for the second contract? All 2-contract trades have PTs @4 and 6 with SL @6 (move SL to 1 tick favor after reaching 4 ticks). Even they're all profitable, I notice very often it's getting very close to the revised SL for the second contract. For today's practice, only 1 got stopped out (No 4).

2. I learned that 7:30 am - 9:00 am EST are the best time to trade 6E. Unfortunately, I'm not an early bird zozo. Willl 9:00 am to 11:00 am EST work?

Sincerely hope that you will share your experience with me (incl suggestion if any). Thank you.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
Attached Thumbnails
Perrys Trading Platform-6e-market-replay-3-aug-2010.jpg  
 
  #389 (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


wgreenie View Post
Hi Perry

Need to pick your brains please. I market replayed 6E (between 7:30 am and 9:30 am) and did 5 2-contract trades (per enclosed). Except Trade No 3 (highlighted in ellipse) was an inadvertent entry (missed checking FI). Got lucky and it's a profitable trade .. haha ..

My questions are:

1. Should I consider a different strategy for the second contract? All 2-contract trades have PTs @4 and 6 with SL @6 (move SL to 1 tick favor after reaching 4 ticks). Even they're all profitable, I notice very often it's getting very close to the revised SL for the second contract. For today's practice, only 1 got stopped out (No 4).

2. I learned that 7:30 am - 9:00 am EST are the best time to trade 6E. Unfortunately, I'm not an early bird zozo. Willl 9:00 am to 11:00 am EST work?

Sincerely hope that you will share your experience with me (incl suggestion if any). Thank you.
Beth

YOu will find that there are good trades also during the 9 - 11 EST or from the opening of the US markets. You can basically follow the 6E while you follow your ES trades and CL.

The following user says Thank You to perryg for this post:
 
  #390 (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


Thanks Perry for your prompt response to my earlier "trading time" question.

I need your guidance again on the enclosed Set Up (highlighted in an ellipse). It met all the entry rules EXCEPT ADX was red (below 25) and CHOP warning. 7 minutes later we had a green ADX + CHOP changed to TRADE. Yet price went up 4 ticks from the suggested entry. Did we rush in and place a Buy order? Or start all over again and wait for another Set Up bar?

My guess is: If a Set Up bar does not have all (incl ADX and TRADE criteria), it's not a Set Up bar at all.

I appreciate very much your clarifying the above for me please. Thank you.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
Attached Thumbnails
Perrys Trading Platform-es-09-10-8_4_2010-4-range-set-up-w-chop-n-adx-warning.jpg  

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