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Trading PA with 20BB and Volume pattern indicator
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Trading PA with 20BB and Volume pattern indicator

  #71 (permalink)
Site Administrator
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WTG! Great job!

Now keep it up, slowly but surely...

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  #72 (permalink)
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Thank mike ,

Really appreciate your inputs and all the great information and videos on the site.

Thanks

Ban.

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  #73 (permalink)
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WTG Ban, really nice job.

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  #74 (permalink)
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Ban,

Really nice Job! Not only a great day, but a great week.

I don't think you need it, but I put some Market Profile info, as I know it, on this thread

https://futures.io/traders-hideout/2214-market-profile-one-time-framing-technique-6.html#post24709

It gives a good indication of areas of support and resistance which can also provide good trade location and even increase profit targets. IMHO. FWIW.

David

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  #75 (permalink)
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Ban
Well done on today and this week. It must be the futures.io (formerly BMT) Collective slope indicator. lol
I was wondering how you use the Volume Stop indicator? Well I think that is what is in panel2.
Also, just wondering about your 2nd trade that was a long. Was that based solely on a bounce of the futures.io (formerly BMT)?
You have done really well and it seems the 5min chart suits you.
I am trying to see if I can trade it and what to look for to get my entries.
Well done

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  #76 (permalink)
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Vast.

The futures.io (formerly BMT) Collective slope indicator is great it help you to stay on the right side of the trend
my trading is not based only on that only i use price action to confirm my trades

i use the futures.io (formerly BMT) Collective slope in a setup called rubber band which is when slop of the MA is flat price always retrace to the MA a good example is the 20EMA on 5 Min chart but in Oil it looks like the "Magic EMA" is 34 and i learn this from BigMike , (i use to trade ES before and the 20EMA was my line in the sand)

as for the second trade - from my experience (and you can look at historical data) first test to the EMA almost always works , so its a very low risk trade for me but target need to be close.

and if you look at the next test to the EMA it failed and i didn't take it i actually had a buy stop above the EMA in case it will work but i never got filled and then i realize that we are going to fill up the gap.

as for the volume stop, i use the churn bars only to counter trend you can see more details on the first page of this journal

thanks
Ban

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  #77 (permalink)
Just a boy
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Entering trades, gap fills and MA slope period

Hi Ban,

Couple of operational questions:

1/ When you enter trades do you use; Buy/Sell Stop or Buy/Sell Stop Limit or Buy Bid/Sell Ask or Market orders?

2/ When you talked on Friday about the Gap being closed, what do define as the gap: is it from yesterday's cash/pit close (14.30 ET), yesterday's exchange close (17.15 ET), or midnight?

3/ For your MA Slope indicator, why did you pick a period of 45 to calculate the slope. Why not 34 being the period of your EMA?

Thanks as always for your responses.

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  #78 (permalink)
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Steve ,

1.i always use buy /sell stops orders if i am missing trades i will go market
2. for gaps i use 5Min chart with no indicators and i setup the time for pit time 8:00AM - 1:30PM CST

3. the 45 Ema in the template is wrong i do use 34 EMA to see the slope . ( i was playing around with the MA slope indicator and i miss that when i publish my template)

ben.

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  #79 (permalink)
Just a boy
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Congratulations

Hey Ban, or is it Ben

Congrats on becoming a moderator.

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  #80 (permalink)
 Vendor: www.tradersforce.com 
Dallas,tx
 
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its ben

and thank you!

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