Thursday's another day. Today was pretty good for sim trading. I was 6 out of 7. The one loss is when I broke the rules, I knew I was breaking them, I wanted to break them this one time. The loss erased two of my winners, so I was net 4, +12 ticks using one 6E contract. Compared to my gain my stop in points is wider; above the closer pivot high (look left). So I was trading with the 4 Range chart and traded in the direction of the 8 Range chart. The 8 Range chart was helpful because it acts as a filter to the 4 Range chart. The less trades and the better trade. The DM+ indy really talks to me in both charts as I trade. I really like the DM+ indy when it heads to the bottom into chop and then turns up piercing the DM envelope because price is ready to run. You can confirm the longevity of the run by looking at the DM+ in the 8 Range chart. As I trade with Perry's, I get more questions, so I better reread the tread.

Hi Tiberius,

Good trades! Would you share how to handle exit? Do you set Target in ATM? Or, you have your own rules (signals) for exiting a trade? TIA!

Hello Perry,


Thank you for your file. I join join you my template under NT7 for your trading platform.

I inserted an indicator named EMAcrossedvisual which has been mainly develloped with the help of Cory.

It was simple when the fast EMA (5) crosses above the slow EMA (20) the color is green and when it crosses below it's red.

It's easier to visualize for me.

Best regards

After putting the ForceIndex onto the forum, it has developed into so many variations and questions, with the introduction of the boomerang, all of which is very similar to the way I trade, I though it best to put a full scale model up for discussion.

I trade very simply. WhatI have done is put together a platform that KEEPS me out of trouble, as I will explain fully what this means. I prefer to miss out on a trade even though in hind sight it turned out to be good. I would like to have more probabilities on my side.

PERRYs TRADING PLATFORM:

1. MASlopeBoxMuti (SMA 40) - Purple dashed line
2. SMA (3) - Black line (price type = median)
3. SMA_colours (14) - Red,Blue,Grey
4. ForceIndex_v02 (EMA 13) - First row of coloured bars at bottom of chart
5. JeffADX (5,15) - Second row of coloured bars at bottom of chart
6. DM(5) - Last indicator at bottom of chart
7. jtRAngeMarker - Show me the exact begining and end of the current trading bar
8. PriceLineIndicator
9. MurreyMaths
10. TheAboxForRange(5,25) - This shows me a little box with the actual ADX number above or below my threshold of 25


RULES:

1. ONLY TRADE IN THE DIRECTION OF THE SMA(40). Never try anything else. This will keep you in the money and sane, with no stress.


Long Entries:

1. The SMA(40) must be going UP or FLAT. Look at the SLOPE - either 0 or +plus (Blue) . Most of the time you can see the direction by just looking at the line.

2. SMA(3) must be ABOVE the SMA(14)=BLUE, and ABOVE the SMA (40).

3. ForceIndex = BLUE

4. ADX = GREEN


Short Entries:

1. The SMA(40) must be going DOWN or FLAT. Look at the SLOPE - either 0 or minus(red) . Most of the time you can see the direction by just looking at the line.

2. SMA(3) must be BELOW the SMA(14)=RED, and BELOW the SMA (40).

3. ForceIndex = RED

4. ADX = GREEN


The above is a very VISUAL way to read a chart. Very simple and very very effective. Always look at the SMA (40) and its direction. Many instances we get a full setup that looks perfect, but the SMA(40) is going in the other direction. DO NOT TAKE THIS TRADE. In most cases you will get stung. Even if the odd trade works out, do not take these trades.

As we proceed I will show you 2 methods of entering the trades even more safely, but for the moment I would like all to just understand the simple visual setup and look at charts. You will suddenly see how simple it is to SEE a good trade. This method will also keep you out of CHOP which so many get caught up in. You will see that in a choppy situation, one or more of the above will not fall into place. Again watch you SMA(40).

Dear Perry

i want to get your platform

kindly let me know how to go about it

reards,
vipul

Dear Perry

i want to get your platform

kindly let me know how to go about it

reards,
vipul