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

  #1191 (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

new stop level

: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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the easy edge for beginner traders-stop-level.png  
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  #1192 (permalink)
Elite Member
phl pa. usa
 
Futures Experience: Advanced
Platform: tos
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Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

How are you avoiding entries in the chop around those MA crosses?
answer -when trading a system pattern i have to take all trades, if only taking the 1's that look safe ,i am using the volume price level to determine if i am long or short ,basically if i get a long signal above a price volume line i am more confident with the long -if i get a short signal below the price volume line i am more confident in the short ,so if i get a short signal above the price volume line i am going to hold my long a while longer untill it breaks the line to go short ;

That is what gets me. There is always 3-4 bad trades and 1-2 really good trades. If I happen to hit a bad trade first (or even worse, 2 in a row) it pretty much destroy's my confidence in the entry.
answer , pay attention to the answer above ,when trading a system there is no 100% winners ,but your losers have a controled loss limit as it is usually the next opposite signal

I just want to master 1 setup and execute it 1-2x's per day.
answer ,then study the price volume line in conjunction with a balance line ,and wait your turn

how are you using volume to qualify your entries? Is that your filter to avoid the poor trades?
answer -i hope this is explained above -if not please let me know where more detail is needed-

So many questions, I so badly want to find that place where I have confidence in my entries.

: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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  #1193 (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


CL pattern that started wed afternoon -
note the blue boxes -these are price expansions past the balance line ,all the boxes are the same size ,i am wondering if it can be coded to exit these areas ,when trading say 3 contracts ,that when and expansion zone is hit ,that 1 or 2 are sold and the last 1 is left to run to the valley or hill tops ,just looking ahead
note this pattern on 4 contracts produced over 3 k in profit

:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Attached Thumbnails
the easy edge for beginner traders-cl-extensions.png  
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  #1194 (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

for anyone trying to match these average lines to there charts -they are adjusted every 2 hours through out the trading day ,so what you see now will not be the same by 8 am monday and then again 10 am monday and so on ,

create your own working pattern for your style and system of trading -

look at just the tick variables that can be traded now ,the patterns are endless

: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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  #1195 (permalink)
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Oklahoma City OK/USA
 
Futures Experience: Intermediate
Platform: NT7
Broker/Data: NT7
Favorite Futures: CL
 
pilotui's Avatar
 
Posts: 129 since Apr 2012
Thanks: 110 given, 97 received

Thanks! Can you pls explain what the price volume line is? (is it the overlapped volume on the chart relative to the where the price bar/candle closes) ?

Also, how do you come up with different tick settings for different instruments?

Thanks!



creekboy View Post
How are you avoiding entries in the chop around those MA crosses?
answer -when trading a system pattern i have to take all trades, if only taking the 1's that look safe ,i am using the volume price level to determine if i am long or short ,basically if i get a long signal above a price volume line i am more confident with the long -if i get a short signal below the price volume line i am more confident in the short ,so if i get a short signal above the price volume line i am going to hold my long a while longer untill it breaks the line to go short ;

That is what gets me. There is always 3-4 bad trades and 1-2 really good trades. If I happen to hit a bad trade first (or even worse, 2 in a row) it pretty much destroy's my confidence in the entry.
answer , pay attention to the answer above ,when trading a system there is no 100% winners ,but your losers have a controled loss limit as it is usually the next opposite signal

I just want to master 1 setup and execute it 1-2x's per day.
answer ,then study the price volume line in conjunction with a balance line ,and wait your turn

how are you using volume to qualify your entries? Is that your filter to avoid the poor trades?
answer -i hope this is explained above -if not please let me know where more detail is needed-

So many questions, I so badly want to find that place where I have confidence in my entries.


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  #1196 (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

! Can you pls explain what the price volume line is? (is it the overlapped volume on the chart relative to the where the price bar/candle closes) ?

post 1188

high volume spike

the candle that lines up with it ,take base in and uptrend and use it as your price volume line ,you will notice i use the body of the candle ,no tails ,just my preference ,and reverse on down trend



ticks are ramdomly picked ,then system dials in best case profit scenario

: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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  #1197 (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

update on GC pattern 18.7 k in 2 days

:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Attached Thumbnails
the easy edge for beginner traders-gc-18k.png  
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  #1198 (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

testing a GC pattern over at TST

:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Attached Thumbnails
the easy edge for beginner traders-tstgc.png  
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  #1199 (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

I have been testing the pattern on TST ,i will need to pass the the combin as we have and 18 year old that will be graduating ,and if i can show what is needed to pass properly ,then she will have a decent job come july

:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Attached Thumbnails
the easy edge for beginner traders-data.png  
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The following user says Thank You to creekboy for this post:
 
  #1200 (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


the importance of a plan -
often times when i talk or share charts with another trader -i will reverse a trade pattern to show them all the errors 1 could make

1- i have a long signal -but i took a short

2- added to the short -now have 11 contracts invested

3 -exited 6 contratcs at break/even plus 93 dollars ,but like that comercial on TV we want more ,so holding 5

4-down now nearly 3k for wanting more and added the 6 back in at the guessed peak of this move

:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Attached Thumbnails
the easy edge for beginner traders-followtheplan.png  
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