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creeker, I missed the change from the rock solid 7-tick stop to the 15-point stop. It's been difficult to follow or understand the rules. Why don't you use the higher trame to indicate when you have a setup and then enter the trade on a lower timeframe so you can maintain a smaller stop?!
Can you help answer these questions from other members on NexusFi?
thanks for the question - the 15 point stop is for swing trading the 30 MIN es - its the same system - the market has been so flat thaat i felt it was a good time to show it for a week or 2 .
also - on 30 min charts like the es there are very few flatliner trendlines and i wanted to show how you can work around them - so its all about managing these with out having to baby sit them bar by bar
:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
I was trying to use a set of longer term MAs on the same 2h chart but it made things messy and really hard to read when they were all bunched up. So, I did not show those in these screenshots. I added the daily chart with the same numbers.
I'm trying to take these rules for this system literally. If there is an uptrend on the daily and on the 2h chart, thats a long signal for my weekly option spreads. If reverse, I would go short. If there are reasons why these trades shouldn't have been entered, I might need to have other rules added which would prevent me from getting in.
you have 675 as high and 652 as a low and if you need to close above 670 area by next friday -
you are in a 23 point range -there is a 27% chance that you will close at or above 670
i will save these charts to see how we end up
if your trade was a put spread on this setup what would it be also what is your call spread
:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
