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THREE SET UPS
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Created: by Jeff Castille Attachments:243

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THREE SET UPS

  #91 (permalink)
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Search "bettervolume"

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emini_Holy_Grail View Post
can someone give link to download BetterVolume indicator as cant find in the download section


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  #92 (permalink)
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Thks Fat Tails

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  #93 (permalink)
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lolu View Post
See what I have on a Range chart, with the Reversals indicator; only the Magenta candles are showing. Can the Magenta candles be considered as reversals ?

Lolu

Hi Lolu,

I say no. See post #1 where reversal bars are defined..........the key is AFTER AN UP/DOWN MOVE........ON HIGHER VOLUME

Jeff

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  #94 (permalink)
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Jeff Castille View Post
Hi Lolu,

I say no. See post #1 where reversal bars are defined..........the key is AFTER AN UP/DOWN MOVE........ON HIGHER VOLUME

Jeff

See what I have now; and on NT7b17.

I have a bit of GOMVolumeLadder flavor in this setup. I'll now go through the "Three Set Ups" thread to have an in-depth understanding.

Lolu

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THREE SET UPS-reversalsonnt7b17.png  
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  #95 (permalink)
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Jeff Castille View Post
Hey Lolu,

I don't think the reversals indicator would be of much use on anything other than minute charts. But........you can try. The Range bars would NOT be able to show an inside/outside bar as all the bars are the same.

Jeff

I imagine they should also work on volume charts.....as the concept of why they work or what they represent is valid.....an amount of volume makes a big move (decision) and the same amount of volume consolidates within the previous bar (indecision)....same for OB, and RB

GT
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  #96 (permalink)
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I put the THREE SETUPS to a 6E test this morning @ 10:15am (GMT+1) on NT7b17 (my first trade of the day) and the result is of great interest to me (see attached screen shot). I also did a live real-time recording of the trade which I'll later post in my thread here.

You will observe that the trade was taken just at the beginning of NO TradingTime zone; I'll need to adjust my TradingTime zone because 10:30am is just two and half hours after London Open and could be active for me to trade 6E.

As you will notice, my chart has some flavor of GOMVolumeLadder. I want to explore how THREE SETUPS can integrate with GOMVolumeLadder.

Lolu

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THREE SET UPS-nt7b17_3setups_22062010_trade1.png  
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  #97 (permalink)
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Oooooooh !!!!! And another one. My second trade of the day and I'm done.

Lolu

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THREE SET UPS-nt_gvl_3setups_22062010_trade2.png  
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  #98 (permalink)
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Nice Lolu!!

Good job!

Luke.

Take your Pips, go out and Live.
Luke.
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  #99 (permalink)
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Still hanging out with THREE SET UPS; then took this trade which to me looked like a REVERSAL setup; but the trade momentarily went against me.

Please, I need some comments/views on what played out in the trade on the attached screenshot.

Lolu

Attached Thumbnails
THREE SET UPS-nt7b17_3setups_22062010_trade3.png  
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  #100 (permalink)
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Thanks for this thread. I've been sim trading this with solid results over the past few days, after completely striking out trying to trade CL on lower timeframes.

One tweak to the system that's worked for me is to trade 3 contracts, with profit targets of 8 and 16 ticks on the first two and the third contract as a "runner" designed to catch larger moves. I don't have a mechanical system for this third contract but have just been manually trailing stops.

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