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Arne learns the Sharky way
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Arne learns the Sharky way

  #1 (permalink)
Elite Member
Neubrandenburg, Germany
 
Futures Experience: Advanced
Platform: R
Favorite Futures: Stocks
 
wh's Avatar
 
Posts: 538 since Jun 2009
Thanks: 297 given, 480 received

Arne learns the Sharky way

I wanted to be never a Scalper. But I find the Sharky Method is quite interesting and profitable. This month with Sim-Account, next month with Minilots and then 2% money management. I will make daily 2 trades.

First Trade is SL 10 pips and TP is open ... x lots
If First Trade a Loser then SL 10 pips and TP 10 pips .. x lots * 2 for positionsize (max 2 % of Account) and a strong signal from higher Periods.

Here my rules:
I use 4 Frames.
1. Frame: 6 Range --> MainFrame for Order Entry und Exit
2. Frame: 4 RenkoMedian --> NoiseFilter only for View PriceAction
3. Frame: 8 RenkoMedian --> TrendFilter only for View PriceAction
4. Frame: 16 RenkoMedian --> TrendFilter only for View PriceAction

Hourly Pivots and PriceAction for Target

Simple Rules:

1. Trade only if all the frames the same color.
1.1 Red Short
1.2 Blue Long
2. Look for PriceAction as Target
3. Target 10 - xxx Pips
4. Sl max. 10 Pips

I look for entries in consolidation zones in the direction of the trend. If the price goes not fast, i close position.

First trades of the day ... I came a little bit late today ... trading time 07:00 - 09:00 gmt +2

11 pips gain





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Last edited by wh; June 18th, 2009 at 03:55 AM.
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  #2 (permalink)
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Neubrandenburg, Germany
 
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Platform: R
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Posts: 538 since Jun 2009
Thanks: 297 given, 480 received

Stopp Entry on Yellow Consolidation Zone 2 pips higher and wait ...

10 pips goal over and out ...
and very importent -- it is stress free trading --

What i must learn, is not to overtrade the market. I can make tousand of trades ... but i know less is more ...

I wish a nice day.

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Last edited by wh; June 16th, 2009 at 05:45 AM.
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  #3 (permalink)
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Posts: 538 since Jun 2009
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Without Words

It was no trade time for me, but this is what i want to trade ... no others

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  #4 (permalink)
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Posts: 538 since Jun 2009
Thanks: 297 given, 480 received

here my new setting to clear out mistakes
I have to drop old habits, i want some points or pips not more. i am not a positiontrader or swingtader as before. i do not trade trends only the move.
but the fear is in my head ... do not know why ... some old indicators are usefull as my multiple moving averages ...

2 frames with identical settings

11 Range Chart gives trend direction
4 Range Chart gives signals from trend direction

New Paintbar and old standard from sharky ... + JMAMultiple

Goal jump in and out for some pips in the early moring ...

der frühe vogel fängt den wurm


SL 10 pips
TP xx pips if one loser second trade 10 pips

trading

trading is at the beginning of java drink a cup of coffee ...
boring

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Last edited by wh; June 18th, 2009 at 10:25 AM.
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  #5 (permalink)
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Today i played with Hourly Pivot Points ... i look only for 10 pips ... if that true i close or save position. in this case i close the position by 11 pips.
why i do this, because my higher range chart shows no long trend ...
market is in consolidation zone ...

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  #6 (permalink)
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here new style

look only for price action ...

trading rules are simple
i have two times on eu

1. london open
2. new york open

1. color if red sell on low[0] - spread (2)
2. color if blue buy on high[0] + spread (2)
3. targets via mml and priceaction

sl 8 --> tp 8 tp 16 tp 32 -->

the murrey math on the left chart shows me if trend close or make reverse ...

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  #7 (permalink)
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wh,

looks like you have a pretty good setup there.

i have the same 15 range as the big chart and 6 range as my trading chart!


suchen

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  #8 (permalink)
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Ausy Mick's Avatar
 
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Hi wh,

I like your setups. There is some serious pips to be made this way without getting greedy. Thanks for sharing....

I agree - the early bird catches the worm.

Good trading

Mick

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  #9 (permalink)
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wh, I like what you've done with the second panel -- the second WMA indicator to draw the defining edge line -- it really works well. I never liked RMMA but with this tiny change I like it a lot more now.

Mike

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  #10 (permalink)
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today a play in trenddirection

one short trade
with three tp 8 16 24 --> 48 pips

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Last edited by wh; July 8th, 2009 at 06:16 AM.
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