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The PandaWarrior Chronicles
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The PandaWarrior Chronicles

  #241 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
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bluemele's Avatar
 
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@PW,

Can you point me to the PPMA? I honestly had never heard of it before and I did a few searches and it is mentioned, but haven't seen an indie called that?

of course, I usually don't find the indie's anyways. Thanks.. I like your setup and doing something similar on FOREX for about a month now just testing. Trading Daily's etc...

 
  #242 (permalink)
Market Wizard
virginia
 
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bluemele View Post
@PW,

Can you point me to the PPMA? I honestly had never heard of it before and I did a few searches and it is mentioned, but haven't seen an indie called that?

of course, I usually don't find the indie's anyways. Thanks.. I like your setup and doing something similar on FOREX for about a month now just testing. Trading Daily's etc...

pp = pivot point just another name for MA based on h+L+c/3

 
  #243 (permalink)
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cory View Post
pp = pivot point just another name for MA based on h+L+c/3

Ok, is there an already generated one for NT7? I guess the name is what is confusing me... I really don't want to read through Perry G's thread...

Or, I guess I can just create a new one...

Thanks for the explanation Cory.

 
  #244 (permalink)
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In the heat
 
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bluemele View Post
Ok, is there an already generated one for NT7? I guess the name is what is confusing me... I really don't want to read through Perry G's thread...

Or, I guess I can just create a new one...

Thanks for the explanation Cory.

Perry took the standard SMA that comes with NT, set it to calculate as "typical" instead of closing price and then he has two of those one set at 1 period and another at 3 period. He calls them pivot point moving averages. As near as I can understand it, the very short term MA's are what is happening RIGHT NOW. And for a long, price must close above them and they must be pointed UP. I think thats the basics of it anyway. I didnt like having so many lines on the chart. So just looking at the price action, its basically buying after an up bar and selling after a down bar. Not to complicated and no need for another indie to show that. He's doing it on a range chart and I'm doing it on a minute chart. Simple

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #245 (permalink)
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Big Mike View Post
Hi Brian,

A "master trader" is a trader that has made all the mistakes, and is still trading.

Mike

Looks like I still have a long way to go....I've not made all the mistakes yet.....

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #246 (permalink)
Market Wizard
virginia
 
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bluemele View Post
Ok, is there an already generated one for NT7? I guess the name is what is confusing me... I really don't want to read through Perry G's thread...

Or, I guess I can just create a new one...

Thanks for the explanation Cory.

john person uses ppma only http://www.elitetrader.com/vb/attachment.php?postid=1162840

 
  #247 (permalink)
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PandaWarrior View Post
Looks like I still have a long way to go....I've not made all the mistakes yet.....

You never will..... Or I hope not... Then we are in for some real trouble.

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  #248 (permalink)
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bluemele View Post
Can you point me to the PPMA? I honestly had never heard of it before and I did a few searches and it is mentioned, but haven't seen an indie called that?

bluemele,

Take a look at perrys webinar
Webinar: Perry's Trading Method

Around 00:36.00 - 00:43:30

sleepy

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  #249 (permalink)
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PandaWarrior View Post
...
So the long answer to a short question about what my entry and exit rules are.....I sort of wait until after price crosses the fast MA, wait for a pull back and enter after a bar closes in the trend direction....more or less. Look at the charts I posted today, you'll see it.

Hope that helps......

Sounds similar to MWinfrey's 5 minute Odyssey. Ok, looks like you are entering at the close of a bar. How do you determine your risk? Do you put your stop behind the entry bar, or do you have a fixed size stop? And given that all your targets and stops are not uniform, I assume you have some sort of stop management as well?

 
  #250 (permalink)
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monpere View Post
Sounds similar to MWinfrey's 5 minute Odyssey. Ok, looks like you are entering at the close of a bar. How do you determine your risk? Do you put your stop behind the entry bar, or do you have a fixed size stop? And given that all your targets and stops are not uniform, I assume you have some sort of stop management as well?

Risk is the swing, target is 16 ticks unless I think I can get a few more due to the distance to the next swing. I do have a stop strategy but since I think stops are highly personal, its not worth mentioning here. Suffice to say, I get to BE pretty darn fast.

And yes, it is similar to the Odyssey except that Mike would trade regardless of direction of the trend and his SMA was an 8 period I believe. The MA I think was to short to be of real use on a 5M and I don't trade counter trend and I have consolidation and transitional market state filters. I think he was using a stoch to help him filter trades. I don't like panel two indicators at all.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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