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Beth's Journey to Make Her Millions
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Beth's Journey to Make Her Millions

  #121 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received

13 Apr Tue Trading Morning

Here it comes my Tue observation on the SuperTrend and Market Profile indicators:

1. SuperTrend

Chart setting seems important. 4-Range and 4-Min both triggered a trade around the same time. Yet one went short and one went long! 4-R got its 3-point PT while 4-minute's SL was hit.

2. Market Profile (MP)

I used a 3-point PT for ES this morning while keeping a 5-point SL as-is. It's based on the following 3 important values of previous day (Apr 12):

VAH 1194.25
POC 1193.25
VAL 1192.25

You can tell it's a very tight range of 2 points with a 5-point range between yesterday's High and Low.

This morning's MP values help too, ie

VAH 1191
POC 1188
VAL 1186.5

Lots to learn and remember I'm a super-newbie ..

One of my friends just shared a MP e-Book with me (Mind over Markets). If interested, please private message me.

What's Next:

1. I just came across a new indicator Force Index (Boomerang system). Perry has created a new thread sharing his trading system and set-up which maybe of interest to you too:

https://futures.io/platforms-indicators/3514-perrys-trading-platform.html#post34458

I will explore it further.

2. Warning Alert

I already reminded myself not to search for a holy grail "forever". No worries. I will soon shortlist what I have and start creating a system that I will be comfortable to trade with. Smile.

Continue enjoying your day!

Beth

Attached Thumbnails
Beth's Journey to Make Her Millions-es-13-apr-2010-supertrend-trades.jpg   Beth's Journey to Make Her Millions-es-12-n-13-apr-2010-mp-indicator.jpg  
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  #122 (permalink)
 Vendor: www.tradersforce.com 
Dallas,tx
 
Futures Experience: Advanced
Platform: Market Delta
Broker/Data: Velocity /TT
Favorite Futures: ES
 
benbrooke's Avatar
 
Posts: 430 since Aug 2009
Thanks: 216 given, 484 received

Hey Beth ,

i know you new to Market profile and i will like to share this document with you
this explain the 80% rules system using Market profile

maybe with this you will be able to avoid some losses

hope it helps

Ben

Keep on sowing your seed, for you never know which will grow -- perhaps it all will.

-- Albert Einstein
Attached Thumbnails
Beth's Journey to Make Her Millions-80-percent-rule-strategy.pdf  
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  #123 (permalink)
Elite Member
Birmingham/UK
 
Futures Experience: Advanced
Platform: Sierra Chart
Broker/Data: LMAX/ ADS
Favorite Futures: DAX/ DOW
 
ZCars's Avatar
 
Posts: 142 since Apr 2010
Thanks: 47 given, 102 received


Hi Beth

Just joined this great forum and have read all your posts with interest. Would like to (in the interest of Big Mike's philosophy and Zen generally!) offer this useful book that teaches pure price action. It was the methodology which set me on the right path.

Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader by Al Brooks

The following user says Thank You to ZCars for this post:
 
  #124 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received


benbrooke View Post
... i know you new to Market profile and i will like to share this document with you
this explain the 80% rules system using Market profile ...

Thanks Ben for this nice surprise gift! You must have got my "invisible" sos signal across space and distance.

I and many others look forward to learning from you this Sun. You're an excellent captain! .. smile ..

FYI: I read your posts on "Scalping the Dow" and am amazed that you've now progressed to use only 1-2 indicators to trade successfully on a consistent basis. Congratulations!

Beth

 
  #125 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received


ZCars View Post
Would like to (in the interest of Big Mike's philosophy and Zen generally!) offer this useful book that teaches pure price action. It was the methodology which set me on the right path.

Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader by Al Brooks

Hi ZCars

Welcome to the Big Mike Family! We're happy to have You!

Thanks for the Price Action book suggestion, I will check it out.

Beth

 
  #126 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received

14 April Wed Trading Morning

My Wed morning recap as follows:

1. SuperTrade Indicator

It triggered a short before 10:00 am and went down almost 3 points. It's now 2 hours and still in the trade.

You will notice I've added some goodies to the 4R chart, ie

i) ZigZag for SwingHi and SwingLo (align with the Short)
ii) Bollinger (align with the Short)
iii) d9 (technically speaking, should NOT go short when it's above 0)
iv) SMA 40 (technically speaking, should NOT go short when it's rising)

I'm experimenting with the ideas I got from different threads LOL!

2. Market Profile

Thanks to Ben for the 80% Rule strategy. I am studying the suggested set-ups + adding a new MP Value indicator to the enclosed 30-minute chart. Notice the yellow dotted line for previous POC. It helps identifying the ones that are not touched yet. Different versions of the MP Value indicators are available from the Downloads section.

3. Realization

I've too many charts on different instruments up and running! I will remove the 2 TF ones starting tomorrow. Have 5 ES ones and will only keep max 3 (5-min, 30-min and 4R). Leave the YM one running 2 strategies.

What's New?

1. Just came across Fat Tails' thread on his Confluence Zones indicator (available for testing). Will include this new comer possibly early next week as I need to study the indicator's details first. If interested, please visit his thread as follows:

https://futures.io/elite-circle/3484-fibonacci-indicators-ninjatrader-2.html

Continue enjoying your day (or evening)!

Beth

Attached Thumbnails
Beth's Journey to Make Her Millions-es-4r-supertrend-trade-14-apr-2010.jpg   Beth's Journey to Make Her Millions-es-06-10-4_14_2010-30-min-.jpg  
 
  #127 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received

Almost missed thanking Cory for the MP Value indicator. Thanks Cory!!

Beth

 
  #128 (permalink)
 Vendor: www.tradersforce.com 
Dallas,tx
 
Futures Experience: Advanced
Platform: Market Delta
Broker/Data: Velocity /TT
Favorite Futures: ES
 
benbrooke's Avatar
 
Posts: 430 since Aug 2009
Thanks: 216 given, 484 received

Beth ,

according to MP 80% rules you needed to look only for long signals which worked very nice today

Ben

Keep on sowing your seed, for you never know which will grow -- perhaps it all will.

-- Albert Einstein
 
  #129 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
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Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received


benbrooke View Post
.. according to MP 80% rules you needed to look only for long signals which worked very nice today

Thanks Ben for the tip! I tried to apply the 80% notes to the morning Long trade per enclosed. Do I get it, ie

1. ES opened above the previous day's value area + held high on the first 2 30-minute brackets (= subsequent tests) met Scenario 1. One should only consider Long and may enter upon completion of the 2nd 30-minute bracket, ie around 10:30 am.

2. Initiative Activity - Certainly ES matched the initiative buying activity as well.

Please correct me if my understanding (incl entry point) does not align with the 80% rule strategy. Thank you in advance.

Beth

Attached Thumbnails
Beth's Journey to Make Her Millions-mp-long-trade-14-apr-2010.jpg  

Last edited by wgreenie; April 14th, 2010 at 02:48 PM. Reason: Replaced the bmp file with jpg (smaller). Sorry for any inconvenience that may have caused.
 
  #130 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received


Attention Please:

You may notice I've been doing research on indicators/trade set-ups before settling with a set-up I am comfortable to trade with. Ideally a system very simple and clean (not consists of too many indicators)!!

For Market Profile, one only needs an effective oscillator indicator (one) to complement it for entry. My warmest apologies if my continuous addition of goodies may confuse you!

I'm almost close to the end of gathering more goodies. Have enough to study before deciding which one(s) to use. Thanks again for your support!

Beth

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