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the easy edge for beginner traders
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the easy edge for beginner traders

  #1101 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

Hi there..

Yeah it is a bull put spread. I would not do a bear call spread because things appear in an uptrend.


-Alli

Sent from my iPhone

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  #1102 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

this is 30 MIN swing chart - we closed this trade today at 4:09 up @ 1409

we banked 16 points this week and all of it was today -
that makes 42 % gain in 5 weeks or 10,000 has increased to 14,200 .

the reason i flattened the trade was due to the fact it pressed up to the flat line again - we will start again very soon on this pattern -

we chose to use discretionary methods this week ,instead of trading every signal do to past experiance with flatlines -if we had traded every signal we would have added another 2 points to our weekly total .


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

: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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  #1103 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received



creekboy View Post
this is 30 MIN swing chart - we closed this trade today at 4:09 up @ 1409

we banked 16 points this week and all of it was today -
that makes 42 % gain in 5 weeks or 10,000 has increased to 14,200 .

the reason i flattened the trade was due to the fact it pressed up to the flat line again - we will start again very soon on this pattern -

we chose to use discretionary methods this week ,instead of trading every signal do to past experiance with flatlines -if we had traded every signal we would have added another 2 points to our weekly total .


I just realized that I remember a successful trader saying that the market never goes anywhere really in August. It moves up and down but doesn't really make any progress in a single direction.

I think I just need to remember that because I think I was getting toasted earlier in the month on my spreads.

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  #1104 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

Feedback on This Chart Setup

Hey there..

So I went back and re-did all my chart configs to try and get something that will work better for me. I'm using three charts, a weekly, a daily, and a 2h chart.

My thought process is that I want the weekly and daily to both be in the "bullish" state as far as the system goes. Then when the 2h breaks up into a bullish state, that is the entry signal.

One thing you have mentioned is something that had already moved a lot in a direction. I think you're referring to it being over extended and ready for a pullback of sorts. I think thats what you were referring to, please tell me if I'm wrong on that assumption.

So I was think about adding some sort of study that would allow me to see over bought and oversold situations so that even though the weekly and daily are in a "bullish" state in the system, they both may be very over bought and taking a long signal on the 2h could be a setup for a losing trade.

What do you think about that?

Here is my chart config now and I've commented on the chart as well to give you an idea how I would look at it if I was going to trade it as it is here.

What do you think?

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Thanks,

-Alli

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The following 3 users say Thank You to Allistah for this post:
 
  #1105 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

WOW- i could not be any more impressed with your thought process in perfecting your trading stratigy --

well done

i agree with all your thoughts and your process -

i will give a charting segment sunday for the other stocks you are playing , using the same ma's ,we used on aapl -

after the aapl move after hours - we had no idea they were in a legal battle ,as our system is based purely on floating ma's - we check news briefs only only on a daily trading basis -

again very class act process and job -my hat is off to you






Allistah View Post
Hey there..

So I went back and re-did all my chart configs to try and get something that will work better for me. I'm using three charts, a weekly, a daily, and a 2h chart.

My thought process is that I want the weekly and daily to both be in the "bullish" state as far as the system goes. Then when the 2h breaks up into a bullish state, that is the entry signal.

One thing you have mentioned is something that had already moved a lot in a direction. I think you're referring to it being over extended and ready for a pullback of sorts. I think thats what you were referring to, please tell me if I'm wrong on that assumption.

So I was think about adding some sort of study that would allow me to see over bought and oversold situations so that even though the weekly and daily are in a "bullish" state in the system, they both may be very over bought and taking a long signal on the 2h could be a setup for a losing trade.

What do you think about that?

Here is my chart config now and I've commented on the chart as well to give you an idea how I would look at it if I was going to trade it as it is here.

What do you think?

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Thanks,

-Alli


:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Reply With Quote
 
  #1106 (permalink)
Trading for Fun
Bay Area, CA
 
Futures Experience: Intermediate
Platform: Think or Swim
Favorite Futures: YM, ES, 6E Futures, Weekly Vertical Spreads
 
Allistah's Avatar
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received


creekboy View Post
WOW- i could not be any more impressed with your thought process in perfecting your trading stratigy --

well done

i agree with all your thoughts and your process -

i will give a charting segment sunday for the other stocks you are playing , using the same ma's ,we used on aapl -

after the aapl move after hours - we had no idea they were in a legal battle ,as our system is based purely on floating ma's - we check news briefs only only on a daily trading basis -

again very class act process and job -my hat is off to you

Hey, thanks for the compliments! :-) Do you think there is anything missing from this strategy at all? Would you trade that as is?

For trading the daily/weekly and using 2h and entry timing do you think that the A/D or anything else would be needed here for this?

-Allistah

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  #1107 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

Allistah- i am going to do and untested look at the a&d -

i am just going to use the ave daily range -

i went back to 8/13 but will only show the last 5 days to see where the numbers are-

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Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Reply With Quote
 
  #1108 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

last 10 day ave are as follows

8/13 = neg 1132.02

8/14 = pos 726.45 >>>>>>>>>pivot neg 118.71 using 8/ 13,14,15 as high low and close

8/15 = pos 49.43 >>>>>>>>>pivot pos 531.35

8/16 = pos 818.18 >>>>>>>>>pivot pos 562.46

8/17 = pos 819.79 >>>>>>>>>pivot pos 441.78

8/20 = neg 312.62 >>>>>>>>>pivot pos 446.23

8/21 = pos 831.53 >>>>>>>>>pivot neg 194.11

8/22 = neg 1101.26 >>>>>>>>pivot neg 432.33

8/23 = neg 1027.26 >>>>>>>>pivot neg 686.77

8/24 = pos 68.19

:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Reply With Quote
 
  #1109 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

pic that lines up with a&d pivots for last 10 days of es

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Reply With Quote
 
  #1110 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received


aapl chart

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Reply With Quote

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