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HOT Plays Median Renko+VMA+Weekly Fibonacci
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HOT Plays Median Renko+VMA+Weekly Fibonacci

  #1 (permalink)
Elite Member
Michigan, Jackson
 
Futures Experience: Intermediate
Platform: NT and TS
Broker/Data: NT Continuum
Favorite Futures: ES, CL
 
Posts: 858 since Jul 2009
Thanks: 389 given, 547 received

HOT Plays Median Renko+VMA+Weekly Fibonacci

DAILY TRADES using a method that works will be posted here. Daily trade totals and a weekly tick count of both positive and negative trades will be listed. We will grow this account.

Trade Times: 9:30 a.m. until 4:15 p.m. unless in a trade that is not yet finished.

Tools:

Median Renko set to 4 Tick interval setting.

VMA = Variable Moving Average or VIDYA

Weekly Fibonacci lines

Rules:

-- Entry:
When VMA is penetrated by price and moves down in value = sell
When VMA is penetrated by price and moves up in value = buy

Set LIMIT BUY 1 tick BELOW BAR Price on the close
Set LIMIT SELL 1 tick ABOVE BAR Price on the close

(Essentially, we wait for price to pull back two (2) ticks to trigger our limit order before moving in the trade direction)

-- Exit:
Set Buy/Sell Stop within one (1) Tick of the nearest Weekly Fibonacci Line. If the Fibo line next Fibo line is Less Than 4 ticks away, then trade the price through to second fibo line.

Note that you will see that more ticks are possible in most trades presented. However, we Take Profit and exit the trade at the next higher or lower fibonacci line. Trade two contracts and the 2nd contract could be your runner.

COTtrader
"Ken"


Last edited by COTtrader; April 22nd, 2010 at 09:38 PM.
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  #2 (permalink)
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Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Michigan, Jackson
 
Futures Experience: Intermediate
Platform: NT and TS
Broker/Data: NT Continuum
Favorite Futures: ES, CL
 
Posts: 858 since Jul 2009
Thanks: 389 given, 547 received

April 21, 2010 = 31 Ticks


Tick count posted according to rules.

COTtrader
"Ken"

Attached Thumbnails
HOT Plays Median Renko+VMA+Weekly Fibonacci-21_04_2010-1-.jpg   HOT Plays Median Renko+VMA+Weekly Fibonacci-21_04_2010-2-.jpg   HOT Plays Median Renko+VMA+Weekly Fibonacci-21_04_2010-3-.jpg   HOT Plays Median Renko+VMA+Weekly Fibonacci-21_04_2010-total.jpg  

Last edited by COTtrader; April 21st, 2010 at 11:51 PM.
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  #4 (permalink)
Elite Member
Michigan, Jackson
 
Futures Experience: Intermediate
Platform: NT and TS
Broker/Data: NT Continuum
Favorite Futures: ES, CL
 
Posts: 858 since Jul 2009
Thanks: 389 given, 547 received

April 22, 2010 = 14 Ticks

Attached Thumbnails
HOT Plays Median Renko+VMA+Weekly Fibonacci-22_04_2010-total.jpg  
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The following 2 users say Thank You to COTtrader for this post:
 
  #5 (permalink)
Elite Member
Michigan, Jackson
 
Futures Experience: Intermediate
Platform: NT and TS
Broker/Data: NT Continuum
Favorite Futures: ES, CL
 
Posts: 858 since Jul 2009
Thanks: 389 given, 547 received

April 23, 2010 = -2 Ticks

There are opportunities for extending the trade BEYOND the Weekly Fibo lines.

We will BEGIN trading next week beyond the weekly fibonacci line UNTIL the price bar changes direction.

To days cumulative -2 Tick loss might have been an easy winner providing we could exercise a little more patience.

3 DAY TOTAL WEEKLY TOTAL = +43 Ticks or $537.00

COTtrader
"Ken"

Attached Thumbnails
HOT Plays Median Renko+VMA+Weekly Fibonacci-23_04_2010-total.jpg  

Last edited by COTtrader; April 24th, 2010 at 04:15 PM.
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