the easy edge for beginner traders

June 3rd, 2012, 07:01 AM

creekboy

plethora - you 2 lowest trendinles -remove the lowest 1 and use the next higher up than -take that at the same starting point you have and split the last high zone pocket -the breakdown in the middel of that uppward move had no conviction in my eyes -

Creekboy, when you return from breakfast would you kindly mark up a chart of the CL so I can see your vision.

Thanks in advance.

June 3rd, 2012, 08:01 AM

please forward ma's and time or tick -thanks

plethora

Creekboy, when you return from breakfast would you kindly mark up a chart of the CL so I can see your vision.

Thanks in advance.

June 3rd, 2012, 08:07 AM

lolu - here is my 5 min chart of the 6e-it does not match yours

creekboy

lolu -i see many errors on your setup -but with out providing me the ma's your charting with it will take me too long to dial in the ma's you are using--it only takes less than 2 min to set up any chart or check if the ma's you are testing are listed -thanks for posting

June 3rd, 2012, 08:13 AM

creekboy

please forward ma's and time or tick -thanks

In my charts above:

Instrument: CL
Timeframe: 133-tick
SMA's: 144 and 55
Dates: May 30 through present
Time: 4:15 a.m. PST or 7:15 a.m. EST on May 30th I bisected the first moving averages present on above charts to the left.

Thank you.

June 3rd, 2012, 08:15 AM

creekboy

lolu - here is my 5 min chart of the 6e-it does not match yours

There aren't any trend lines.

June 3rd, 2012, 08:28 AM

lolu -here is some 6/e setups -

1- 27/70

June 3rd, 2012, 08:38 AM

3--short under s/r double line --stop is the high on the left edge of circle -short zone is the 700 ma which is now 3 walls of s/r

4- reversal zone text book long --stop below the low -

what would the profit be on this setup
shorting 1.2546 and reversing at 1.2371

also what would the risk be per the entry short price 1.2546 with a stop at 1.2574

now granted if you did not ride the entire short to reversal what would the risk be going long at the base?

June 3rd, 2012, 08:55 AM

1- thursday super nice short entry-87.70--risk was 88.33-- it has not given a reward signal as of yet at 83.24 -

1- is also a solid 4 x-s/r short signal

test higher mutiples such as

2- current level to watch--blue dotted trend is 220/576

June 3rd, 2012, 09:47 AM

creekboy

lolu -here is some 6/e setups -

1- 27/70

creekboy,

You seem to be having two MAs combination on the same 5 Minute chart: 27/70 and 270/700, and the 270/700 looks better on your chart, however, 270/700 does not even show up on my chart; 27/70 shows up quite well on my chart and in sync with your 270/700, and your 27/70 seems the same as my 2/7 .. could the platform you're using be causing the difference ... I suppose that you're on TOS.

Have a look at another screenshot of 6E @ Asia opening hours on Friday last week.

Lolu

June 3rd, 2012, 03:04 PM

lolu - using eastern standard time zone -please give me the time and day on the left and right of the chart posted -thanks

the easy edge for beginner traders

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the easy edge for beginner traders