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the easy edge for beginner traders


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the easy edge for beginner traders

  #141 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
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creekboy View Post
lolu - using eastern standard time zone -please give me the time and day on the left and right of the chart posted -thanks

creekboy,

My Time Zone is same as Berlin which is GMT+1, but which is the same as London at this time of the year. If I know the time hour difference between EST Time Zone and GMT, then I can give the times and day as you've requested. Which City or Town do you have in mind ?

Lolu

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  #142 (permalink)
NYstateofmind
Reading, PA
 
Posts: 14 since May 2012
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if this helps newyork city is eastern standard time zone .

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  #143 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
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Trading: Euro Currency & Oil
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NYstateofmind View Post
if this helps newyork city is eastern standard time zone .

creekboy,

It is 6:11PM in NY right now; and it is 11:11PM here ... 5 hours time difference. So, subtract 5 hours from the times you see on my chart to get your time; and the day was Friday last week.

Lolu

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  #144 (permalink)
 creekboy 
phl pa. usa
 
Experience: Advanced
Platform: tos
Trading: es
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lolu -here is the pattern i show on the 27/70 setup -but i have to tell you -even if you cant get the 220/576 -find the mutiple that will work for you -27/70 -mine are just suggestions -if 98/280 will work then set it up -


but no matter what i do -for me the last chart is the hot play







lolu View Post
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



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  #145 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
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creekboy View Post
lolu -here is the pattern i show on the 27/70 setup -but i have to tell you -even if you cant get the 220/576 -find the mutiple that will work for you -27/70 -mine are just suggestions -if 98/280 will work then set it up -


but no matter what i do -for me the last chart is the hot play

creekboy,

220/576 doesn't show up at all. See what I have for 98/280 ... I'll test-drive this MA combination for today and see if I can stick to it. Have a look at it in the attached screenshot @ Tokyo opening hours.

Lolu


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  #146 (permalink)
 timefreedom 
Indianapolis, IN USA
 
Experience: Advanced
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@creekboy,
Keep those es charts coming. Thanks.

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  #147 (permalink)
 creekboy 
phl pa. usa
 
Experience: Advanced
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es -thoughts for today as of 7:18 est

1-- nice text book setup area -if long form this zone -you would have accepted approx 5.5 points of risk -currently 10 points of profit -2 to 1 r/w is a little tight on a heavy down trend bounce

2--notice where the 30 ma broke the trendline -how the market used it as a top intermediate pivot zone

3-nice set at this writting off the 1400 ma looking for a top in and around the 82.25 zone
1400 - 565 =8.35 + 1273.33 (price level of the ma @ the set)

=12 81.68--target zone








timefreedom View Post
@creekboy,
Keep those es charts coming. Thanks.


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  #148 (permalink)
 creekboy 
phl pa. usa
 
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pay attention over time to those 30/trendbreaks for channel scalping trades

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  #149 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
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lolu View Post
creekboy,

220/576 doesn't show up at all. See what I have for 98/280 ... I'll test-drive this MA combination for today and see if I can stick to it. Have a look at it in the attached screenshot @ Tokyo opening hours.

Lolu


creekboy,

Now, let me test-drive the Tick chart style, but on a higher frame. So, what MAs would be good for a 700 tick chart instead of your 133 Tick chart ?

Lolu

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  #150 (permalink)
 creekboy 
phl pa. usa
 
Experience: Advanced
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=12 81.68--target zone

anyone who shorted 1281.25 is a very happy person at this point - reduced 1/2 @1274.50 -will let the rest ride with stop just above the high 6.75 points captured -2 tick risk 13 to 1 r/w ratio - very good return -looking for a close around 1266 but just hoping it stays below the high in place good luck today--

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