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Profitable Patterns in Trading
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Profitable Patterns in Trading

  #1 (permalink)
El Salvador/Israel
 
Trading Experience: Intermediate
Platform: Ninjatrader 7
Broker/Data: GlobalFutures/AMPClearing
Favorite Futures: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Profitable Patterns in Trading

I will use Crude Oil (CL) and e Mini Russell, to show you my favorite patterns and how i trade them.

My First Pattern is simple and well known.

CHANNEL TRADING.

See image attached for details.

Greetings

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Profitable Patterns in Trading-tf-09-12-10-range-6_27_2012-channel-trading.jpg  
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  #2 (permalink)
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  #3 (permalink)
El Salvador/Israel
 
Trading Experience: Intermediate
Platform: Ninjatrader 7
Broker/Data: GlobalFutures/AMPClearing
Favorite Futures: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Pattern N2 "The Thunder Pattern"


PATTERN N2

"The Thunder Pattern"

This pattern works very well in faster time frames, i personally use 5,10 Range charts, the structure is explained in the attached image.

Greetings

Attached Thumbnails
Profitable Patterns in Trading-cl-08-12-5-range-6_28_2012-thunder-pattern.jpg  
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  #4 (permalink)
Virginia, USA
 
Trading Experience: Intermediate
 
Posts: 76 since Mar 2012
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JDNeeman View Post
PATTERN N2

"The Thunder Pattern"

This pattern works very well in faster time frames, i personally use 5,10 Range charts, the structure is explained in the attached image.

Greetings


Thanks for sharing. Looks like AB=CD, certainly a good pattern to trade. When you see the pattern, where is your entry, stop, and target points?

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  #5 (permalink)
El Salvador/Israel
 
Trading Experience: Intermediate
Platform: Ninjatrader 7
Broker/Data: GlobalFutures/AMPClearing
Favorite Futures: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Hello Salisem,

Yes it looks like AB=CD, and it works!!!

My entry N1 is 2-3 ticks above the previous swing high,
My stop is 3-5 ticks below the previous swing low.
And my target points depend on the number of contracts traded by normally i look for a minimum of 15 ticks and manage the trade manually.

I have attached an image explain in how i do it.

Greetings!!!




salisem View Post
Thanks for sharing. Looks like AB=CD, certainly a good pattern to trade. When you see the pattern, where is your entry, stop, and target points?


Attached Thumbnails
Profitable Patterns in Trading-cl-08-12-5-range-6_28_2012-thunder-pattern-ii.jpg  
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  #6 (permalink)
Virginia, USA
 
Trading Experience: Intermediate
 
Posts: 76 since Mar 2012
Thanks: 64 given, 63 received


JDNeeman View Post
And my target points depend on the number of contracts traded by normally i look for a minimum of 15 ticks and manage the trade manually.

Have you considered using the measured move as a target, rather than a fixed target? Just a thought.

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  #7 (permalink)
El Salvador/Israel
 
Trading Experience: Intermediate
Platform: Ninjatrader 7
Broker/Data: GlobalFutures/AMPClearing
Favorite Futures: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Yes!, in fact,

that is how a look for my fixed target, (well i dont know if we are talking on the same page, i would like to hear your analysis! ) but i do measure the initial move to look for my target. please check that attached image, is how i do it. and i protect my self taking 1/2 at 50% of the projection.


salisem View Post
Have you considered using the measured move as a target, rather than a fixed target? Just a thought.


Attached Thumbnails
Profitable Patterns in Trading-tf-09-12-5-range-28_06_2012-thunder-pattern-exit.jpg  
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  #8 (permalink)
Virginia, USA
 
Trading Experience: Intermediate
 
Posts: 76 since Mar 2012
Thanks: 64 given, 63 received


JDNeeman View Post
Yes!, in fact,

that is how a look for my fixed target, (well i dont know if we are talking on the same page, i would like to hear your analysis! ) but i do measure the initial move to look for my target. please check that attached image, is how i do it. and i protect my self taking 1/2 at 50% of the projection.

That is exactly what I meant. How do the stochastics fit into your plan?

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  #9 (permalink)
El Salvador/Israel
 
Trading Experience: Intermediate
Platform: Ninjatrader 7
Broker/Data: GlobalFutures/AMPClearing
Favorite Futures: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

I use only to measure from high to low the range and i have set my fib retracement tool to show me only the 50% and 61.8% levels, i mark this zone and wait the price to approach this level, if the price is rejected from this zone (up or down) depending on type of thunder pattern (Sell or Buy) this touch will validate the pattern and i will look to sell the break of the previous swing low, and measure the range to find my target.

see attached image.




salisem View Post
That is exactly what I meant. How do the stochastics fit into your plan?


Attached Thumbnails
Profitable Patterns in Trading-tf-09-12-5-range-28_06_2012-fibonacci.jpg   Profitable Patterns in Trading-tf-09-12-5-range-28_06_2012-fib-ii.jpg  
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