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the easy edge for beginner traders


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the easy edge for beginner traders

  #661 (permalink)
 creekboy 
phl pa. usa
 
Experience: Advanced
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yes all lines are extended when playing tick charts -

this system is different from what everyone else teaches - we know our RISK -which is a max of 7 ticks or we do not enter the trade -most times 4 to 5 tick risk is available -we do not chase trades we miss unless we get a great pull back-

as for profit -its what ever the system will allow -if you read all the we back to june 4th -there was and over night trade that grabbed 27 points for a max and others that only grab a tick -its all in the move of the market -we trade the risk and the reward takes care of itself -we long stay long till the trendline breaks -

when short stay short till the trendline breaks -

that was yesturdays pattern









Rad4633 View Post
GM Creekboy

A few questions, thinkorswim wont allow a trader to draw trend lines past price action using a tick chart, so you extend lines as needed, correct?

Also do you use a preset profit target when you scalping or do you trade to lines for you support resistance?


: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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  #662 (permalink)
 creekboy 
phl pa. usa
 
Experience: Advanced
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Trading: es
Posts: 1,126 since Mar 2012
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today is july 17th 2012 -the 199th day of the year with 167 to follow
richmond # are491281/169389

: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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  #663 (permalink)
 timefreedom 
Indianapolis, IN USA
 
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creekboy View Post
today is july 17th 2012 -the 199th day of the year with 167 to follow
richmond # are491281/169389

Sorry for being so obtuse... but what does that mean? Are you using a 199 and 167 sma? What in the world are richmond numbers? I would like to understand what you're doing here, but so far, it eludes me. Thanks.

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  #664 (permalink)
 
Rad4633's Avatar
 Rad4633 
Greensboro NC
 
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timefreedom View Post
Sorry for being so obtuse... but what does that mean? Are you using a 199 and 167 sma? What in the world are richmond numbers? I would like to understand what you're doing here, but so far, it eludes me. Thanks.

Creekboy way of counting days in the year

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  #665 (permalink)
 timefreedom 
Indianapolis, IN USA
 
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Rad4633 View Post
Creekboy way of counting days in the year

And what does that have to do with this trading method?

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  #666 (permalink)
 
Rad4633's Avatar
 Rad4633 
Greensboro NC
 
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@creekboy

your 2 moving averages are not used for entries or exits they are just used to draw trendlines correct? Im trying to catch up with you and how you use your method

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  #667 (permalink)
 creekboy 
phl pa. usa
 
Experience: Advanced
Platform: tos
Trading: es
Posts: 1,126 since Mar 2012
Thanks Given: 106
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there are many times i use these numbers to grab 2 ma's out of -just showing where the numbers come from sometimes





timefreedom View Post
And what does that have to do with this trading method?


: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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  #668 (permalink)
 creekboy 
phl pa. usa
 
Experience: Advanced
Platform: tos
Trading: es
Posts: 1,126 since Mar 2012
Thanks Given: 106
Thanks Received: 347

thats correct floating trendlines - the entry /exit is on the break -only when the a&d lines up and a max 7 ticks risk





Rad4633 View Post
@creekboy

your 2 moving averages are not used for entries or exits they are just used to draw trendlines correct? Im trying to catch up with you and how you use your method


:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #669 (permalink)
 creekboy 
phl pa. usa
 
Experience: Advanced
Platform: tos
Trading: es
Posts: 1,126 since Mar 2012
Thanks Given: 106
Thanks Received: 347

F16 trade -took 3 ticks did not play the jumper

: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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  #670 (permalink)
 
Rad4633's Avatar
 Rad4633 
Greensboro NC
 
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Platform: TOS/ NT Dorman
Trading: ES TF CL
Posts: 1,357 since Sep 2011
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creekboy View Post
F16 trade -took 3 ticks did not play the jumper

Creekboy in your chart the yellow highlighted circle you have a cross of trendlines do you use this as a signal ?

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