Perrys Trading Platform

August 30th, 2010, 07:31 PM

perryg

Please note that nothing has changed !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Take a look at the price action on the 8 range and the 4 range, and watch them for a day or two. I hope you will then see what I mean. If not, keep going as you have been before if it is good for you.

Perry, I am trading off of a 2 range chart, so I can keep my stop loss smaller. I assume I could do the same thing you mention above on a 4 range chart, and using a 2 range for entry?

August 31st, 2010, 12:30 AM

mizzoutrader

Perry, I am trading off of a 2 range chart, so I can keep my stop loss smaller. I assume I could do the same thing you mention above on a 4 range chart, and using a 2 range for entry?

The idea is the same, only I have not tested how good a signal you may get using a 2 and a 4. You will just have to test and see

August 31st, 2010, 12:29 PM

here is attaced - please mark up asap with your thoughts

August 31st, 2010, 12:36 PM

bizman70

here is attaced - please mark up asap with your thoughts

CAnnot see your chart as the colours are too dark. There is no such thing as a crossover in any of the methods, so I also do not know what you mean.

September 1st, 2010, 02:41 AM

Perry,
It is difficult to express in words what you have contributed to a lot of us traders! It is not only the effort you have expended to research and work out a "KISS" (Keep It Simple & Stupid) method, but then taking the next step to share it with others, and thereafter answer all the questions (a lot of repeats) and do some mentoring....

Just takes a special kind of person and you are IT!!

Of course, a HUGE thanks to BM, the moderators and everybody else as well who has kindly shared their knowledge, indicators, strategies,etc.

I am not good enough to share anything worthwhile on trading right now, but let me atleast offer you this - if any of you guys/gals come up north to Toronto, the beer's on me!

September 1st, 2010, 12:18 PM

enter when the ema 5 is going up at least 2 bars
enter when the ema 20 is going up

when this things happen most times there is a cross over for a long - what u are saying is that i dont need a crossover to happen -

i have waited for a cross over and then for the bar (setup)to cross over the ema 5 and ema 20 on the same bar , creates a pullback and then enter the low of the last 5 bars - very successful

thats how i understood your system

your thoughts ?

September 1st, 2010, 12:52 PM

bizman70

enter when the ema 5 is going up at least 2 bars
enter when the ema 20 is going up

when this things happen most times there is a cross over for a long - what u are saying is that i dont need a crossover to happen -

i have waited for a cross over and then for the bar (setup)to cross over the ema 5 and ema 20 on the same bar , creates a pullback and then enter the low of the last 5 bars - very successful

thats how i understood your system

your thoughts ?

The entry rules have nothing to do with the crossover of the 5EMA and the 20 EMA. Here are the rules once again. Very straight forward

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

September 1st, 2010, 01:58 PM

thanks again - some times takes more then one kick at the can - so i assume we dont use the adx green above 25 any more but we are more into the price action

September 1st, 2010, 02:34 PM

bizman70

thanks again - some times takes more then one kick at the can - so i assume we dont use the adx green above 25 any more but we are more into the price action

From the start this is a price action method. The additional indicators, are there for confirmation ONLY. Normally you would not take a trade with an ADX less than 25.

September 2nd, 2010, 05:10 AM

Hi Perry,
Just wondering if you can run your eye over my mark up please?

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