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

  #521 (permalink)
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phl pa. usa
 
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target

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  #522 (permalink)
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target zone same as earlier post

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  #523 (permalink)
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flat 1349.25 for 6 points -that completes the week-please pay attention to todays deliberate counter trend trading till the final move -and ask yourself if you have ever done this ?

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  #524 (permalink)
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chart

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  #525 (permalink)
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could not resist

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  #526 (permalink)
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Hi there...

I'm trying to follow this method but I'm having a really hard time understanding how you come up with the numbers for the moving averages and then I don't understand the setups and how to determine the targets and stop areas.

Do you think that you could write out some more instructions on how you do this?

Thanks!

-Alli

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  #527 (permalink)
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Allistah View Post
Hi there...

I'm trying to follow this method but I'm having a really hard time understanding how you come up with the numbers for the moving averages and then I don't understand the setups and how to determine the targets and stop areas.

Do you think that you could write out some more instructions on how you do this?

Thanks!

-Alli

Alli -send me 2 different moving ave and we will set you up a chart -and tell you what is right or wrong about your choice -

next- target for yesturday was and easy 1 as the was only 1 crossover in my setups

as for setups and stops -please go back a re-read the 500 plus post in this thread and you will see the same thing over and over

i guess the bottom line is this
7 tick stop max stop setups -all the time -never question it (pic 45.75)

1-trendstarts

2-ma's crossed

3-lower ma broke trendline

4-due to ma breaking trendline this ma is now in a fixed position -its done being floated on the right side

5-price line at the cross of ma and trendline

6-50% fib splits last high between the higher and lower ma's(weakness / strength)

7-entry circle -45.75 gave you less than 40 seconds to ge in that tight

8-stop-4 ticks well inside of our 7 tick limit -please understand this if it takes out the stop then a new trendline will be started -please go back a few pages to the jumpers of the price line-thats why you need to exit on the break -we also run a 19 tick hard stop for news ambushes and only activate out stop when the chart shows it may touch it

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  #528 (permalink)
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now here is a chart of the floating trendline adjusting as the price gets higher -please see how each color is used to show the zone of the high -

also - the green area was a very short term technical break but due to the a&d moving upward i decided not to exit the trade

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  #529 (permalink)
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1- green technical break -and a&d same area

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  #530 (permalink)
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time


will try and explain time when on the wrong side of a trade and why it will kill your account and your mental state of mind -
notice the chart items 1 and 2
1- you see how a high was set and sold off

2- so you decide this is a good place to short as it sold off here before

now the trade goes against you -you have no real stop in mind (just mental pain )

notice the time bar -how far it is from the floating ma -for the trade to come into your favor ,that upper ma has to cross the floating trendline-the market is buying time for itself to take your money-(green bar)

now notice the grey bar and the new high -look at the time it will take for the ma to cross the new grey trendline -

this is why when you dont have any real exit point system -you can hurt yourself very badly

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