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the easy edge for beginner traders


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the easy edge for beginner traders

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  #1171 (permalink)
Orlando + Florida/USA
 
Experience: Intermediate
Platform: Sierra Chart
Trading: futures
 
Posts: 6 since Dec 2012
Thanks: 6 given, 3 received

Okay, I am confused. I thought it wouldn't let me post with an attachment, but it looks like it posted my attachment after all. Anyway, here is what I had originally written for this post:

I would like some feedback on my attached chart. I am looking at the 6E from today. I still am relatively new to your methodology here and this is just basic stuff like from the early posts of your journal. I know there are some more advanced things covered in later posts, like trendlines off of trendlines, but I just want to start at the beginning and see if I am clear on this much.

I am using a 400 tick chart and I chose to use the 55/144 moving averages.

I have marked up the chart accordingly:

The little blue diamonds are marking the reference points where I determine the midpoint between moving averages to draw my trendlines.

The red arrows are my entries (red arrow=short)

The green trendline and green horizontal line are connected - they are taken from the first diamond, which is my first low after the MA cross.

The blue trendline and blue horizontal line are connected - they are taken from the second diamond, which is a new low that was put it.

Thanks for your time,


pjtrades View Post
Creek, I was going to post my first chart for your review, but I found that I can't post with an attachment until i have at least 5 posts here at futures.io (formerly BMT). I guess I will have to wait until I post a few more times. Anyway, I followed the 6E today and marked up a chart according to what I have learned here so far. I like how it worked for me and I will continue to work on it. I did save the chart and I will post it and a few more as soon as I can. Thanks!


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  #1172 (permalink)
phl pa. usa
 
Experience: Advanced
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pj -your assesment -is right on -its my belief that you understand what your seeing- watch the breakout trades off the first trendline off the first low -you see how price stacked up and then popped the trendline

: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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  #1173 (permalink)
phl pa. usa
 
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if anyone is interested -we can skype trade thur Feb 21th -i will share my screen -and you can watch or play along - just looking for 1 slightly new trader -thankyou

we will be short hop trading -small moves -so you can understand to stay on the correct side of the trend

creekboy111 on skype

: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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  #1174 (permalink)
NJ, USA
 
Experience: Intermediate
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Posts: 170 since Nov 2012
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Hi.

Thank you for all of your posts. I began from the beginning and read about 25 pages and have subsequently jumped towards the end (Please forgive me, but wanted to see what was happening)

I have a few questions:

1. I see that you are now using 3 ma's together. Do you wait for the 3 of them to cross then plot the t/l?

2. How long do you keep the t/l on the chart for?

3. With regard to entry, are you looking for either a break through the t/l or a test and then a continuation to the same direction? What is it dependent upon?

4. Will you be doing another skype trading day anytime soon?

Sorry for the rather simple questions but am just a beginner.

Thank you,
David

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  #1175 (permalink)
phl pa. usa
 
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Drd13 View Post
Hi.

Thank you for all of your posts. I began from the beginning and read about 25 pages and have subsequently jumped towards the end (Please forgive me, but wanted to see what was happening)

I have a few questions:

1. I see that you are now using 3 ma's together. Do you wait for the 3 of them to cross then plot the t/l?

2. How long do you keep the t/l on the chart for?

3. With regard to entry, are you looking for either a break through the t/l or a test and then a continuation to the same direction? What is it dependent upon?

4. Will you be doing another skype trading day anytime soon?

Sorry for the rather simple questions but am just a beginner.

Thank you,
David

thanks for the question

1- there are 2 ma,s and a fib/balance line that the trend line follows,the plotting starts on the lower or upper cross of the ma,s and the trendline stops on the high or low point of the center balance line

2- it can be remeoved at any time ,unless your looking for cluster areas

3- watchin for continuation ,or a break with the last high or low being the risk

: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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  #1176 (permalink)
Oklahoma City OK/USA
 
Experience: Intermediate
Platform: Tradovate
Broker: Tradeovate
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pilotui's Avatar
 
Posts: 120 since Apr 2012
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I've been reading over this thread for quite a while. Just wanted to say thanks

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  #1177 (permalink)
phl pa. usa
 
Experience: Advanced
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pilotui View Post
I've been reading over this thread for quite a while. Just wanted to say thanks

Your quite welcome ,and i am glad you have enjoyed it thus far

: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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  #1178 (permalink)
Oklahoma City OK/USA
 
Experience: Intermediate
Platform: Tradovate
Broker: Tradeovate
Trading: NQ/ES/NG
 
pilotui's Avatar
 
Posts: 120 since Apr 2012
Thanks: 118 given, 115 received

On the chart in the Pic below: What are the MA's you are using?

Thanks Creek

-pilotui


creekboy View Post
NQ-we have accepted a friends account to trade the NQ- we will update this every so often -here is last weeks totals and 1 trade of the week off the EES(easy-edge-system)


Segregated Ledger Open Trade Total



Beginning balance 3,552.50 - 3,552.50



Activity _____1_5_.00 _________- _____1_5_.00



Ending balance US$ 3,567.50 - 3,567.50



Total US$ Equivalent Ledger Open Trade Total



Segregated 3,567.50 - 3,567.50



Net Liquidating Value


3,567.50



_________________________________________________________________________________________________________________________________________________






Daily Trading Activity



_________________________________________________________________________________________________________________________________________________



US$



Contracts Exchange Fees Commissions NFA Fees PNL/Other Segregated Secured



9/28/2012 NQZ2


this weeks statement

Segregated Ledger Open Trade Total



Beginning balance 4,517.50 - 4,517.50



Activity ____2_0_5_.00 _________- ____2_0_5_.00



Ending balance US$ 4,722.50 - 4,722.50



Total US$ Equivalent Ledger Open Trade Total



Segregated 4,722.50 - 4,722.50



Net Liquidating Value


4,722.50



_________________________________________________________________________________________________________________________________________________






Daily Trading Activity



_________________________________________________________________________________________________________________________________________________



US$



Contracts Exchange Fees Commissions NFA Fees PNL/Other Segregated Secured



10/5/2012 NQZ2

1 play from yesturday
10/5/2012 2:26:38 PM(GMT) FILL - 1 2,838.75 21,437,372



10/5/2012 2:26:47 PM(GMT) FILL - 1 2,839.00 21,437,370



10/5/2012 2:39:59 PM(GMT) FILL 1 - 2,836.50 21,437,574



10/5/2012 2:44:34 PM(GMT) FILL 1 - 2,832.50 21,437,694


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  #1179 (permalink)
phl pa. usa
 
Experience: Advanced
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Trading: es
 
Posts: 1,126 since Mar 2012
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NQ - i dont recall ,i adjust them every 10 days or so , if i have a couple of weak days i start looking for the adjustment, did you try blowing the pic up to see, also what is the post # for that day and time.
thansk

: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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  #1180 (permalink)
Oklahoma City OK/USA
 
Experience: Intermediate
Platform: Tradovate
Broker: Tradeovate
Trading: NQ/ES/NG
 
pilotui's Avatar
 
Posts: 120 since Apr 2012
Thanks: 118 given, 115 received



creekboy View Post
NQ - i dont recall ,i adjust them every 10 days or so , if i have a couple of weak days i start looking for the adjustment, did you try blowing the pic up to see, also what is the post # for that day and time.
thansk

I figured it was the 57/144, but just curious. No big deal.

Hey, that fibonacci balance line...is that from Thinkscripter? Multi-stops?

Thanks!

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