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the easy edge for beginner traders


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the easy edge for beginner traders

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  #1091 (permalink)
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Rithmic
Trading: GC
 
plethora's Avatar
 
Posts: 629 since Dec 2010
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creeker, I missed the change from the rock solid 7-tick stop to the 15-point stop. It's been difficult to follow or understand the rules. Why don't you use the higher trame to indicate when you have a setup and then enter the trade on a lower timeframe so you can maintain a smaller stop?!

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  #1092 (permalink)
phl pa. usa
 
Experience: Advanced
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thanks for the question - the 15 point stop is for swing trading the 30 MIN es - its the same system - the market has been so flat thaat i felt it was a good time to show it for a week or 2 .
also - on 30 min charts like the es there are very few flatliner trendlines and i wanted to show how you can work around them - so its all about managing these with out having to baby sit them bar by bar









plethora View Post
creeker, I missed the change from the rock solid 7-tick stop to the 15-point stop. It's been difficult to follow or understand the rules. Why don't you use the higher trame to indicate when you have a setup and then enter the trade on a lower timeframe so you can maintain a smaller stop?!


:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
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  #1093 (permalink)
phl pa. usa
 
Experience: Advanced
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day 4 for the flatline trade




showing system entry -we did not take because the pivot and flat line are above - we still can go long at anytime


:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
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  #1094 (permalink)
phl pa. usa
 
Experience: Advanced
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Trading: es
 
Posts: 1,126 since Mar 2012
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todays read - 7:24 am est 8/23



:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
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  #1095 (permalink)
phl pa. usa
 
Experience: Advanced
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Posts: 1,126 since Mar 2012
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1 deeper thought

:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Visit my futures io Trade Journal Reply With Quote
 
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  #1096 (permalink)
phl pa. usa
 
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Posts: 1,126 since Mar 2012
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ITEM # 6
a super short setup pattern as the ma's crossed just below the pivot line





this is a 30 min swing chart setup

:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
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  #1097 (permalink)
phl pa. usa
 
Experience: Advanced
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#7 - current cross target - distance lines up with other value areas--30 min swing chart


:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
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  #1098 (permalink)
phl pa. usa
 
Experience: Advanced
Platform: tos
Trading: es
 
Posts: 1,126 since Mar 2012
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30 min chart - riding support looking at a 1 am checkup time



:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
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  #1099 (permalink)
Bay Area, CA
 
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

Hi there..

I was trying to use a set of longer term MAs on the same 2h chart but it made things messy and really hard to read when they were all bunched up. So, I did not show those in these screenshots. I added the daily chart with the same numbers.

I'm trying to take these rules for this system literally. If there is an uptrend on the daily and on the 2h chart, thats a long signal for my weekly option spreads. If reverse, I would go short. If there are reasons why these trades shouldn't have been entered, I might need to have other rules added which would prevent me from getting in.





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  #1100 (permalink)
phl pa. usa
 
Experience: Advanced
Platform: tos
Trading: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received


Hi Allistah - i am going to show my opinion on the apple trade -

1st - 2 hour setup




2nd - is 1 hour setup




3rd -is average point range and days in limbo




and 4th - my time guess for your trade - you

you have 675 as high and 652 as a low and if you need to close above 670 area by next friday -
you are in a 23 point range -there is a 27% chance that you will close at or above 670





i will save these charts to see how we end up

if your trade was a put spread on this setup what would it be also what is your call spread

:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Visit my futures io Trade Journal Reply With Quote


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