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the easy edge for beginner traders


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the easy edge for beginner traders

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  #1 (permalink)
 creekboy 
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this is my first attempt at screen shots so bear with me -

this is and attempt to show beginner traders how to find direction and s/r on the cl using the 155 tick chart -

1- i dial in the simple moving averages that i feel work for me -

2-currently i am using 57 and 140

3-each time these averages cross i start a new trend line

4-the trendline is adjusted to the new low/high after the crossover by splitting the distance between the 57 and 140 ma -thus if the 140 is at 92 and the 57 is at 90 the trend line is from the cross point to 1/2 the distance of the ma's @ 91 directly in line with the time it happened -

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  #3 (permalink)
 creekboy 
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now i am happy the chart printed - you can see there are multiple trend lines through out the day -and you can clearly see where short term uptrends and downtrends are created intraday -study this and try it -you can also make your time frames for trades longer or shorter by decreasing or increasing the ma' on a percentage basis -please also adjust your ma's to suit what you see -and you will never have to worry about 2 many people entering a trade at the same area -



study the chart and see if you can find the ambush points

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  #4 (permalink)
 creekboy 
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1 more item of importance -
special thanks to FatTails for helping with this post and getting it started -thankyou

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 ThatManFromTexas 
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creekboy View Post
this is my first attempt at screen shots so bear with me -

this is and attempt to show beginner traders how to find direction and s/r on the cl using the 155 tick chart -

1- i dial in the simple moving averages that i feel work for me -

2-currently i am using 57 and 140

3-each time these averages cross i start a new trend line

4-the trendline is adjusted to the new low/high after the crossover by splitting the distance between the 57 and 140 ma -thus if the 140 is at 92 and the 57 is at 90 the trend line is from the cross point to 1/2 the distance of the ma's @ 91 directly in line with the time it happened -

Use 55 and 144 .... it won't make any difference functionally... but when people ask why you use those lengths you can say ... "They're Fibonacci Numbers" .... and they'll think you're a mystical GURU....


Nice work. Thanks for sharing ....

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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 creekboy 
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TMFT-when i set these numbers up -it was may 19th -the 140th day of the year with 226 to follow
226 div x 4 = 56.5
thats how i start my dial in
but the fib seems much easier ,so will use future post to see where numbers can be pulled from -

thanks for the idea












ThatManFromTexas View Post
Use 55 and 144 .... it won't make any difference functionally... but when people ask why you use those lengths you can say ... "They're Fibonacci Numbers" .... and they'll think you're a mystical GURU....


Nice work. Thanks for sharing ....


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  #8 (permalink)
 creekboy 
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you can see on todays chart -we have lots of resistance at our low - and i found my s/r points by using price lines at my trend intersection points -it would not surprise me to see a move back to the 91.60 area -these are ideas not trade recomendations -trade what you find .

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  #9 (permalink)
 creekboy 
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as you can see - we are nearing our 91.61 target area- our exit is 91.59-you could stay in this trade untill the new trendline is broken -remember keep ajusting it as the new highs for this move show up-thats all for today-please note this is 1 contract for new traders using a sim account leveraged correctly

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 sptrader 
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I find this a fascinating concept BUT what I'm having trouble with, is WHY would the cross of a MA, be better than using the most recent pivot point instead ? Did screen time prove this method is better than a pivot ?

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 vegasfoster 
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Hi, I can only see that you are using 1 point to draw the lines, so how are you determining the angle? Thanks.

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  #12 (permalink)
 creekboy 
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this chart shows -how this works best -this sytem is not for long term trade unless you go to a different tick / time frame and alter the percentage + or - on the ma's -

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  #13 (permalink)
 creekboy 
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i find intraday pivots to be unreliable -and have found these (for myself ) to be better as i have control over them -





sptrader View Post
I find this a fascinating concept BUT what I'm having trouble with, is WHY would the cross of a MA, be better than using the most recent pivot point instead ? Did screen time prove this method is better than a pivot ?


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  #14 (permalink)
 creekboy 
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the angle is created as a new high /low is made -the angle will adjust untill it is violated -

my es chart crossed yesturday at 22.50 area and was just violated at this writing when my upper ban was closed higher than the span of the 2 ma's


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Hi, I can only see that you are using 1 point to draw the lines, so how are you determining the angle? Thanks.


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  #15 (permalink)
 creekboy 
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when you see atm exit -it means my automatic teller machine -

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  #16 (permalink)
 creekboy 
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here is the next trend crossovers lower -remember -this is for trading short term moves



sptrader View Post
I find this a fascinating concept BUT what I'm having trouble with, is WHY would the cross of a MA, be better than using the most recent pivot point instead ? Did screen time prove this method is better than a pivot ?


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 sptrader 
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The July CL contract is the current contract, will you be changing over soon ? ( I can't access June anymore )

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 creekboy 
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now you see where i took a 50% line inbetween the high and low of the 2 ma's -i often check these for bounce s/r moves

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 creekboy 
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i will check that -i wanted this move to play out





sptrader View Post
The July CL contract is the current contract, will you be changing over soon ? ( I can't access June anymore )


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  #20 (permalink)
 creekboy 
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here is july -the #s are the same

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 creekboy 
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here is july/cl total setup as of 1pm est

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 creekboy 
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now you see a good low has set for now (1:20est) the 50% (red) line off the split of the base low has become support -any guess as to where its going ? mine is 90.35 but remember its your money and your trade -so make sure when YOU pull the trigger

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 creekboy 
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chart explains

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 supermht 
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who can better explain this method? I am really confused....

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  #25 (permalink)
 creekboy 
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we just hit what i call -the i wish i would have exited zone for small size traders -now it will take the rest of the day to get up there

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 creekboy 
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sorry -sometimes my best just aint good enough





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who can better explain this method? I am really confused....


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  #27 (permalink)
 creekboy 
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if we get 90.12 take it

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  #28 (permalink)
 creekboy 
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89.6 to 90.12 -a good days work -hope this helps someone

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  #29 (permalink)
 creekboy 
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target zone hit

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 Cloudy 
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maybe a short live video demonstrating drawing the lines would help? or a step by step powerpoint file?

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  #31 (permalink)
 creekboy 
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apple chart

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  #32 (permalink)
 creekboy 
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for review

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  #33 (permalink)
 cory 
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supermht View Post
who can better explain this method? I am really confused....

draw trend line start point = ma cross, end point = mid point between 2 MAs

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  #34 (permalink)
 devdas 
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cory View Post
draw trend line start point = ma cross, end point = mid point between 2 MAs

no...end point is actually located by subsequent high/low in prices and that is splitting MA difference at that vertical location.

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  #35 (permalink)
 supermht 
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is that right, creek?

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  #36 (permalink)
 devdas 
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I think its like this....

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  #37 (permalink)
 creekboy 
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the trend line continues to raise or lower -depending on new -highs or lows being created -

super -your trend line start is correct -but the flexible end need to be raised to reflect the center point split of the new high area-that being the 1/2 way height of the price difference between the 2 ma's -










supermht View Post
is that right, creek?


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  #38 (permalink)
 creekboy 
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yes devdas -your fexilble end is correct - if no new high is created the trend line will then fracture -showing weakness that the directional move is running out of steam








devdas View Post
I think its like this....


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  #39 (permalink)
 creekboy 
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maybe -someone can give a few ideas of something they want to trade and to see if we can call the correct moves-give me some ideas -and wed(30)we will set it up and chart and trade it


also we will be off till next wed -will check tuesday evening to see if anyone gave any trade ideas -have a great holiday weekend

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  #40 (permalink)
 cory 
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cory View Post
draw trend line start point = ma cross, end point = mid point between 2 MAs

so, trend line start point = ma cross, end point = mid point between 2 MAs at the new high or new low since crossing point.
is this better? is this automate trend lines?

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  #41 (permalink)
 timefreedom 
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creekboy View Post
maybe -someone can give a few ideas of something they want to trade and to see if we can call the correct moves-give me some ideas -and wed(30)we will set it up and chart and trade it


also we will be off till next wed -will check tuesday evening to see if anyone gave any trade ideas -have a great holiday weekend

Hi,
Nice technique. Have you tried this with ES? Do you utilize different size tick charts in different markets? How did you come up with a 155 tick chart for CL? Thanks.

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  #42 (permalink)
 creekboy 
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that 155 is a typo -----133 is the tick -if you look at the upper right hand corner -it will show 133 as the tick-
sorry for any confusion -i tried to go back and change it -but there is a time limit here to do so

133=133=133 is the tick







timefreedom View Post
Hi,
Nice technique. Have you tried this with ES? Do you utilize different size tick charts in different markets? How did you come up with a 155 tick chart for CL? Thanks.


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  #43 (permalink)
 creekboy 
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as i never trade the ng - i thought i would do a test on my day off -this was a sim account set and locked at 1 contract -i suggest all new traders have there broker lock there account to 1 contract-

here are the chart and todays results -trading 1 contract at a time -caught a few runners but a lot of fast 4 tickers-

have a nice weekend

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 creekboy 
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1 final trade -target completed - 49 -single contracts traded

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 creekboy 
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tested the --TF--
1 min chart
longterm ma's 565/1400 (10xabove post)
daily ma's used 30/150
you will see long term ma's running sideways (pure death to new traders)
1-low after the open
2-base line s/r after open-also lines up with 1400 flatlining ma
3-short entry with a strike to the 565 ma (steelballs hold if top not taken out )
4-nice short setup -3 line break -held 565-broke the trend and broke the 30
5-pure ambush (refer to #3or4above)
6-baseline reversal zone

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 renvik 
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Cloudy View Post
maybe a short live video demonstrating drawing the lines would help? or a step by step powerpoint file?

Don't get it - why is Creekboy being so coy?

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  #47 (permalink)
 creekboy 
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Cloudy-i dont have any idea as to how to go about doing a video -





Cloudy View Post
maybe a short live video demonstrating drawing the lines would help? or a step by step powerpoint file?


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 creekboy 
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cory -i dont understand your question ? please rephrase it for me -




cory View Post
so, trend line start point = ma cross, end point = mid point between 2 MAs at the new high or new low since crossing point.
is this better? is this automate trend lines?


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  #49 (permalink)
 creekboy 
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renvik -i believe coy are a fish always kept in a confined area -so yes i am being coy -when waitng for the proper setup -its like shooting fish in a barrel







renvik View Post
Don't get it - why is Creekboy being so coy?


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 renvik 
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creekboy View Post
Cloudy-i dont have any idea as to how to go about doing a video -

You can use Jing to capture a 5 min vid, it is free.

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 creekboy 
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es -crossover@9:36 am est -5/25 trendline 565/1400ma-
news gap started just above the above crossover trendline









timefreedom View Post
Hi,
Nice technique. Have you tried this with ES? Do you utilize different size tick charts in different markets? How did you come up with a 155 tick chart for CL? Thanks.


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 creekboy 
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1- gap zone jump
2- crossover
3 low with the 50% shown -

please note the 50% area is the same in both pics

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 creekboy 
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TF -update -
7- just walking the line
8--- 4 line support
p.s. es target 1337 -reward at this level 12 points -risk 27 points -for anyone wanting to just ride it

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 creekboy 
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1- news held base line s/r
2-old high taken out
3-pressing trendline -(pullback area )
4-long position stop zone if broken

also note the old line way up there at 42 area form several days ago

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 creekboy 
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5-six line break
6 next major s/r

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 creekboy 
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7-low set -split of the 565/1400 ma's with the 50% s/r shown

8- new lower low - split of ma's shown -

heavy red dotted line now shifts to the new 50% zone @approx 1325.62 -which becomes new s/r is no lower low sets -also flexible end of trend line ajust to 50% split right in vertical line with the new low-

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 creekboy 
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you saw in item 5 this morning the congestion break to the south side -now after item 8 you are getting the same reaction to the northside as too mant items converged above the 100% line --its a long way till the 570ma breaks above the 50% s/r

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  #58 (permalink)
 creekboy 
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quick pop-

from area crossover item 9 -just looking for the top of the new box -

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  #59 (permalink)
 creekboy 
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chart with out ladder in way --570 ma breaks above the trendline

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  #60 (permalink)
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creekboy View Post
quick pop-

from area crossover item 9 -just looking for the top of the new box -

You need screenshot software instead of taking pictures with a digital camera. Click on the word screenshot in my post for help.

Mike

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 creekboy 
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thanks mike - i have very little computer skills -but i will look at it and see -thanks

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 creekboy 
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you see in this pic the # 10 -bounced off the base of the new box plus the 570 ma -the item 9 long was just a p/b entry after they scared all the squirrels that were long from number 10 to bail on there trade

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 creekboy 
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looking to see if there is a higher move at the crossover of item #11-looks like the move already started as i am writing this post--up 6 points on our 24.75 long as of 3:45 est

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 creekboy 
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broke the 1330 cross s/r bar from where the last 2 trendlines crossed --up 7 points at this time but feel its going to 39/42 area-high risk hold

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 creekboy 
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is the ocean temp above 56 yet -or is it still 13 degrees below normal

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  #66 (permalink)
 creekboy 
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also note that item 9's move was 9 points -thaat is just coincidence -it was not planned

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 creekboy 
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when looking at #s make sure you not only see the obvious -but whats inside 56/13--we held the 35 level and held the 19 level overnight -leaving us a 16 point range-sometimes the obvious is so obvious its not even obvious anymore









creekboy View Post
is the ocean temp above 56 yet -or is it still 13 degrees below normal


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  #68 (permalink)
 creekboy 
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looks like a sideways pattern today thus far -will try a long shot long at 1320.75 to see if it hooks before the open -8 tick stop -with a 12.5 target --high risk

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 creekboy 
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1- recent crossover

2-new low after crossover

3-s/r line for 50% fib split

4-target entry line prior to open -trade will be cancelled if missed -

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 creekboy 
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high risk trade failed -looking at 1312.50 for next possible long entry on a now short day -

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 creekboy 
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1---- 12.50 hooked

2-- target zone -could be all day trade till news thursday


note top of new box tapped

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 creekboy 
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3--- long stop crusher

4-- long stop crusher

5 --added trendline due to long stop crushers

new entry 1310.25

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 lolu 
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creekboy View Post
1---- 12.50 hooked

2-- target zone -could be all day trade till news thursday


note top of new box tapped

@ creekboy,

Which MAs would you suggest for 5 Range chart ?

Lolu

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 creekboy 
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break the 565/1400 down or up as need --but make sure the percentage is the same -

for example -275/700
-27/70

you will need to zero in your best idea -

please let me know what you come up with -thanks









lolu View Post
@ creekboy,

Which MAs would you suggest for 5 Range chart ?

Lolu


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 creekboy 
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did a quick set up -used the

1- red trendline was created by using the 565/1400 crossover -than i removed them

2-yellow trendline created by the 27/70

3- green s/r at this time for a 5 min chart

hope this helps






lolu View Post
@ creekboy,

Which MAs would you suggest for 5 Range chart ?

Lolu


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 creekboy 
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nice short set up 5 min chart using 27/70

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creekboy View Post
did a quick set up -used the

1- red trendline was created by using the 565/1400 crossover -than i removed them

2-yellow trendline created by the 27/70

3- green s/r at this time for a 5 min chart

hope this helps

@ creekboy,

I'm adapting @ Cory's MidMATrend indicator which he derived from your setup ... I expect that your suggested 27/70 MAs for a 5 Minute chart should guide me to achieve a setup for a 5 Range chart. Meanwhile, I'll test-drive the 5 Minute chart setup, as you've just done ... your Entry was @ point 4, Right ?

What criteria do you use to draw the green S/R for the 5 Minute chart ?

Lolu

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 creekboy 
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the s/r is calculated very simply by using the 50% fib line on the split of the 2 ma's -as shown in the chart below -i removed the green line for clarity














lolu View Post
@ creekboy,

I'm adapting @ Cory's MidMATrend indicator which he derived from your setup ... I expect that your suggested 27/70 MAs for a 5 Minute chart should guide me to achieve a setup for a 5 Range chart. Meanwhile, I'll test-drive the 5 Minute chart setup, as you've just done ... your Entry was @ point 4, Right ?

What criteria do you use to draw the green S/R for the 5 Minute chart ?

Lolu


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 creekboy 
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yes the 4 was the short entry -

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 lolu 
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creekboy View Post
the s/r is calculated very simply by using the 50% fib line on the split of the 2 ma's -as shown in the chart below -i removed the green line for clarity

@ creekboy,

Do you have to draw the Fib (using the in-built chart Fib tool) to derive the S/R ... and why do you choose to derive the S/R at that specific point ... why not a little bit earlier ? Does that specific point have a specific characteristic that made you to draw the Fib there ?

Lolu

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 creekboy 
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lolu- here is the 133 tick chart -
1--note the ma / s/r # is 1314.25 -where as the 5 min is at 1316 area -


2- waiting for these to crossover for a north side push hopefully right on the red line (s/R)














p.s. where do i find cory's indicator

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 creekboy 
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its 1/2 the distance of the 2 ma's being used and directly above or below the most recent high or low --

its in constant adjustment

and gives many different entrys for many different time tables -


you will see over time how you can sense and uptrend or down trend just by watching the high low movement of the s/r line you choose to use -


oh -1 more thing - i usually just guess the center point as the markets moving and adjust to the final area when i feel its base or top is in













lolu View Post
@ creekboy,

Do you have to draw the Fib (using the in-built chart Fib tool) to derive the S/R ... and why do you choose to derive the S/R at that specific point ... why not a little bit earlier ? Does that specific point have a specific characteristic that made you to draw the Fib there ?

Lolu


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 lolu 
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creekboy View Post
lolu-

p.s. where do i find cory's indicator

It is here, then he posted an update version here.

Have a look @ this live video recording of my test-drive on a 5 Minute chart setup (a SIM trade, and a quick 7 ticks TP), taken just now, using @ Cory's indicator.

Is my S/R ok ?

Lolu

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 creekboy 
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lolu -i cant view your video -it says you have me on your ignore list -and if i want to view cory's i have to pay to get access =so cant see either 1 -but i guess its nice to find out someone jumped on it for profit anyway -so it must really be worth something

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 creekboy 
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you see item

3-- is falling from right to left showing weakness in the sideways action

4- still held trendline support at this time but we did have a 5 line break

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 lolu 
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creekboy View Post
lolu -i cant view your video -it says you have me on your ignore list -and if i want to view cory's i have to pay to get access =so cant see either 1 -but i guess its nice to find out someone jumped on it for profit anyway -so it must really be worth something

@ creekboy,

Ooooooooh ... I never noted that you are not an Elite Member of futures.io (formerly BMT).

You're not on my Ignore list ... I don't really have anybody on my Ignore List. You've got to be a futures.io (formerly BMT) Elite member to access some stuff such as indicators, indicator links, videos, video links, etc. You don't have to PAY; you just need to DONATE to futures.io (formerly BMT) ... and you'll have access to, not just indicators, but some excellent stuff. So, just do it ... DONATE to futures.io (formerly BMT) today.

Meanwhile, have a look the screenshot of my 5 Minute chart contained in that video ... you'll notice that I closed the trade too early.



Lolu

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 creekboy 
phl pa. usa
 
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please note -thursday is the 152 nd day of the year with 214 to follow -remove like # (21) and you are left with 4and 5 which = 9 the low -its more than just indicators -

earlier today for 5/30 we are the 151st day of the year with 215 to follow -remove like #s (15) you are left with 12 our first 1312area trade that went for 4 points -

watch these over time

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 creekboy 
phl pa. usa
 
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all do respect to this site -if you read the heading of this entire thread it was for new traders -i must see things different when it comes to plagerism -but i thankyou for letting me know how this works here -like i said it must be some valuable stuff thats never been seen before -for it to get jumped like that -Fat Tail knows how long this pattern may work -its not fool proof-so becareful following it for the long term





lolu View Post
@ creekboy,

Ooooooooh ... I never noted that you are not an Elite Member of futures.io (formerly BMT).

You're not on my Ignore list ... I don't really have anybody on my Ignore List. You've got to be a futures.io (formerly BMT) Elite member to access some stuff such as indicators, indicator links, videos, video links, etc. You don't have to PAY; you just need to DONATE to futures.io (formerly BMT) ... and you'll have access to, not just indicators, but some excellent stuff. So, just do it ... DONATE to futures.io (formerly BMT) today.

Meanwhile, have a look the screenshot of my 5 Minute chart contained in that video ... you'll notice that I closed the trade too early.



Lolu


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 lolu 
Lagos, Nigeria
 
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creekboy View Post
please note -thursday is the 152 nd day of the year with 214 to follow -remove like # (21) and you are left with 4and 5 which = 9 the low -its more than just indicators -

earlier today for 5/30 we are the 151st day of the year with 215 to follow -remove like #s (15) you are left with 12 our first 1312area trade that went for 4 points -

watch these over time

You're talking ES; how do all these apply to Euro (6E), which is what I trade. Could you do the numerical analysis for Euro today too ?

Lolu

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 creekboy 
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it will most likely work as i did call the top on a usd/yen trade -thats the only currency i watch --

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 lolu 
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creekboy View Post
it will most likely work as i did call the top on a usd/yen trade -thats the only currency i watch --

So, what numerical analysis do you have for the Yen (6J) ? I should be able to derive the analysis for the Euro from the example of the Yen.

Lolu

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 cory 
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lolu View Post
@ creekboy,

Do you have to draw the Fib (using the in-built chart Fib tool) to derive the S/R ... and why do you choose to derive the S/R at that specific point ... why not a little bit earlier ? Does that specific point have a specific characteristic that made you to draw the Fib there ?

Lolu

draw a vertical line from a triangle (max high/low since MA crossing) then the s/r level = middle of 2 MAs at the vertical line.

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 lolu 
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cory View Post
draw a vertical line from a triangle (max high/low since MA crossing) then the s/r level = middle of 2 MAs at the vertical line.

@ Cory,

Pls, could you do a screenshot of s typical draw.

Lolu

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 cory 
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lolu View Post
@ Cory,

Pls, could you do a screenshot of s typical draw.

Lolu

see where the vertical line cross the horizontal line is

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 lolu 
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cory View Post
see where the vertical line cross the horizontal line is

@ Cory,

I suppose that new S/Rs will always emerge as we have new Max Highs/Lows, since there will also be new MA crossings... Right ?

Lolu

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 cory 
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@ Cory,

I suppose that new S/Rs will always emerge as we have new Max Highs/Lows, since there will also be new MA crossings... Right ?

Lolu

you got it, each t/l will yield a diff s/r level.

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 lolu 
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cory View Post
you got it, each t/l will yield a diff s/r level.

Thanks.

What purposes do the other lines serve ... I mean the five lines which, in any case, I can set to just one. What's the implication of setting it to just one line instead of 5, 4, 3 or even 2 ?

Lolu

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 cory 
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lolu View Post
Thanks.

What purposes do the other lines serve ... I mean the five lines which, in any case, I can set to just one. What's the implication of setting it to just one line instead of 5, 4, 3 or even 2 ?

Lolu

then you get 1 down t/l and 1 up t/l

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 creekboy 
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i will give you a little history on this setup -as i dont believe anyone out there will have the link of trades for the last several years that has been used with this simple setup-

my best day testing with the sim was 24 million dollars

after that day was done - i recieved a letter from the broker telling me it does not work the way i traded -so the next day i reduced my activity x6 and did 4 million -he did not write again

the 24 million can be verifyed by several people =but i will pick Mr Don Miller -if he choses to confirm it -i tried to sell this simple system to Don for 175k when he was thinking about buying a seat for 175k on the cme board(find black box mention in Don blog archives) -the reason i chose Don was he had several places he was donating money to and felt this could really help him with his cause.

i tested this on a 100k sim account for options and currencies -in a very short time i was at 10 million and not long after playing like the boy plunger i was @ 10 billion

they say in life when something bad happens to you its not who you are -
but when something good happens to you it can be who you will become -


this system is fault free -find the ma combo that works for you -
short or long the last high or low is always the stop
and remember if you go back and review the cl trade in the beginning of this post -i called the long -short the reversal exit of the long then the reversal exit of the short -

never leave the trade when you wait for the set up -untill you can reverse at the next setup -only when the high or low is taken out will you be stopped out -

this is not a 7 tick system

this is a runner system


so run with it and do some good -as it works on everyticker symbol that has action -grain -metals -es -currency -

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 creekboy 
phl pa. usa
 
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some quick setups today -hoping to show what i see over time

1-5 line break prior to news (shorted 12.50 with a tight stop )

2-exit was first touch of blue trend

3- went long at 1309 when it failed to come in and touch for the 3rd time -also nice spike candle -exit was 2 points at the strike of the red pivot line per my chart setup

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