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

  #1531 (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

For the record, I did complete the following "soft" items on my "What's Next" before working on the 6E stats:

1. Watch Mark's video interview again.
2. Organize the notes I've taken from the webinars/interviews.
3. Listen to some trading hypnosis audio clips.

Now I will be in full gear implanting a probabilistic trading mindset into my petite head. It sounds really wonderful to trade at peace .. no need to know what's going to happen next. Train my mind to stay in the now moment opportunity flow.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
 
  #1532 (permalink)
Elite Member
Missouri
 
Futures Experience: Intermediate
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Favorite Futures: ES
 
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Beth,

I may have missed it idk, but what are you using to determine countertrend or not?

 
  #1533 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
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Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received



SeeTrader View Post
Beth,

I may have missed it idk, but what are you using to determine countertrend or not?

Hi SeeTrader

I have some moving averages to determine if a signal is counter-trend or not. Sorry I am unable to disclose the exact details because it's a commercial system. For example, I will only look for Long when price is above MAs and look for Short when price is below.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
 
  #1534 (permalink)
Elite Member
Bala, PA, USA
 
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SeeTrader View Post
Beth,

I may have missed it idk, but what are you using to determine countertrend or not?

I think the most common way to determine trend is to use to different MA's, if the smaller one is above the larger one then consider it an up trend. If the smaller one is below the larger one then consider it a down trend. I use 20EMA and 50EMA. What other methods do some of you guys use to determine trend?

 
  #1535 (permalink)
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Missouri
 
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wgreenie View Post
Hi SeeTrader

I have some moving averages to determine if a signal is counter-trend or not. Sorry I am unable to disclose the exact details because it's a commercial system. For example, I will only look for Long when price is above MAs and look for Short when price is below.

Beth


Ok, I was wondering if that was what you were using. I have the same template set up with the same MA's.

 
  #1536 (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


SeeTrader View Post
Ok, I was wondering if that was what you were using. I have the same template set up with the same MA's.

Let me use Monpere's 20/50 EMAs = magenta and golden lines per enclosed. I prefer having Slingshot as its colored representation gives me a better idea if I should look for Long or Short (green for Long and red for Short) and I don't need to think.

When I did my stats tabulation + deciding whether to trade a signal or not, the first signal was good. Why? Its retracement (HL) point sat at the smaller MA. I would not trade the second signal because its suggested entry was right at or below the smaller MA in which case the smaller MA might pose as overhead Resistance, ie the trade would not go far. It did not strike me as a high probability signal even it's a divergence one.

Have a Great day everyone.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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  #1537 (permalink)
Elite Member
Bala, PA, USA
 
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wgreenie View Post
Let me use Monpere's 20/50 EMAs = magenta and golden lines per enclosed. I prefer having Slingshot as its colored representation gives me a better idea if I should look for Long or Short (green for Long and red for Short) and I don't need to think.

When I did my stats tabulation + deciding whether to trade a signal or not, the first signal was good. Why? Its retracement (HL) point sat at the smaller MA. I would not trade the second signal because its suggested entry was right at or below the smaller MA in which case the smaller MA might pose as overhead Resistance, ie the trade would not go far. It did not strike me as a high probability signal even it's a divergence one.

Have a Great day everyone.

Beth

I am assuming that the Red is 20ma and the Magenta is 50ma. One of my other rules is if the 20ma is approaching and about to cross the 50ma at a flat/shallow angle, that is a sign of congestion ahead. If they start snaking around each other and making out with one another, then it will definitely be congested action. I don't enter in those areas, and no body wants to see MA's making out anyway

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  #1538 (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

While mapping out a revised game plan for the coming days, it's critical to decide if I am going to trade one or two markets (choices of 6E and CL). I did not feel comfortable having a small 6E stats pool. Soooo, I spent the morning to tabulate its Dec contracts. Was unable to pull out 90 days and worked on 60 days instead. Here it comes:

Stats for 6E (12-10) Divergence Signals (without Ergodic filter)

Period: 11 Oct 2010 to 8 Dec 2010 (45 trading mornings incl 11 Nil signal mornings)
Time: 8:30 am to 11:30 am EST
PT/SL: 6/6 (no SL adjustment or trail)
No Counter-trend signals and not taking those between MAs or close to S/R
Oh, also ignored news and market open ..

No of Trades: 57
No of Winners: 48 x 6 = 288
No of Losers: 9 x -6 = -54
Nett Pips Before Commission: 234
Win%: 84.21%

Combined Stats for 6E (12-10) and 6E (03-11) Divergence Signals (without Ergodic filter)

Period: 11 Oct 2010 to 17 Feb 2011 (95 trading mornings incl 22 Nil signal mornings)
Time: 8:30 am to 11:30 am EST
PT/SL: 6/6 (no SL adjustment or trail)
No Counter-trend signals and not taking those between MAs or close to S/R
Oh, also ignored news and market open ..

No of Trades: 121
No of Winners: 102 x 6 = 612
No of Losers: 19 x -6 = -114
Nett Pips Before Commission: 498
Win%: 84.30%

Finally, I have the required stats info to soothe my head.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
The following 2 users say Thank You to wgreenie for this post:
 
  #1539 (permalink)
Elite Member
Bala, PA, USA
 
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wgreenie View Post
While mapping out a revised game plan for the coming days, it's critical to decide if I am going to trade one or two markets (choices of 6E and CL). I did not feel comfortable having a small 6E stats pool. Soooo, I spent the morning to tabulate its Dec contracts. Was unable to pull out 90 days and worked on 60 days instead. Here it comes:

Stats for 6E (12-10) Divergence Signals (without Ergodic filter)

Period: 11 Oct 2010 to 8 Dec 2010 (45 trading mornings incl 11 Nil signal mornings)
Time: 8:30 am to 11:30 am EST
PT/SL: 6/6 (no SL adjustment or trail)
No Counter-trend signals and not taking those between MAs or close to S/R
Oh, also ignored news and market open ..

No of Trades: 57
No of Winners: 48 x 6 = 288
No of Losers: 9 x -6 = -54
Nett Pips Before Commission: 234
Win%: 84.21%

Combined Stats for 6E (12-10) and 6E (03-11) Divergence Signals (without Ergodic filter)

Period: 11 Oct 2010 to 17 Feb 2011 (95 trading mornings incl 22 Nil signal mornings)
Time: 8:30 am to 11:30 am EST
PT/SL: 6/6 (no SL adjustment or trail)
No Counter-trend signals and not taking those between MAs or close to S/R
Oh, also ignored news and market open ..

No of Trades: 121
No of Winners: 102 x 6 = 612
No of Losers: 19 x -6 = -114
Nett Pips Before Commission: 498
Win%: 84.30%

Finally, I have the required stats info to soothe my head.

Beth

How are you getting the numbers? by hand? Sounds time consuming . Do you mark up the trades while you are gathering the stats? Can we see a page or two of the charts for the sample period with the marked up trades?

 
  #1540 (permalink)
Elite Member
london uk
 
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wgreenie View Post
While mapping out a revised game plan for the coming days, it's critical to decide if I am going to trade one or two markets (choices of 6E and CL). I did not feel comfortable having a small 6E stats pool. Soooo, I spent the morning to tabulate its Dec contracts. Was unable to pull out 90 days and worked on 60 days instead. Here it comes:

Stats for 6E (12-10) Divergence Signals (without Ergodic filter)

Period: 11 Oct 2010 to 8 Dec 2010 (45 trading mornings incl 11 Nil signal mornings)
Time: 8:30 am to 11:30 am EST
PT/SL: 6/6 (no SL adjustment or trail)
No Counter-trend signals and not taking those between MAs or close to S/R
Oh, also ignored news and market open ..

No of Trades: 57
No of Winners: 48 x 6 = 288
No of Losers: 9 x -6 = -54
Nett Pips Before Commission: 234
Win%: 84.21%

Combined Stats for 6E (12-10) and 6E (03-11) Divergence Signals (without Ergodic filter)

Period: 11 Oct 2010 to 17 Feb 2011 (95 trading mornings incl 22 Nil signal mornings)
Time: 8:30 am to 11:30 am EST
PT/SL: 6/6 (no SL adjustment or trail)
No Counter-trend signals and not taking those between MAs or close to S/R
Oh, also ignored news and market open ..

No of Trades: 121
No of Winners: 102 x 6 = 612
No of Losers: 19 x -6 = -114
Nett Pips Before Commission: 498
Win%: 84.30%

Finally, I have the required stats info to soothe my head.

Beth

Beth, the stats look AMAZING!! are they based on the eminiSniper rules?


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