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THREE SET UPS
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Created: by Jeff Castille Attachments:243

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THREE SET UPS

  #201 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,030 received

Still thinking on this breakeven stop. I put it at -4 and then as it looked likely to stop out I put it at -2. So +6 for me.

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  #202 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,030 received

It ended up pulling back -6 and then hit the +16 target.

Here's my idea: trade 1 contract. When it gets +8 move stop to -8 and go for 16. I'll see if I can do some stats on this to see how it compares.

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  #203 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 471 received


Can you guys kindly post your charts with price and marker?

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  #204 (permalink)
Elite Member
Lagos, Nigeria
 
Futures Experience: Intermediate
Platform: NinjaTrader, SierraChart
Favorite Futures: Euro Currency & Oil
 
lolu's Avatar
 
Posts: 2,440 since Jun 2009
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Todd View Post
Lolu,

So if I'm translating correctly, you trade 2am to 6am EST and 8am to 12pm EST.

Just curious...why do you skip from 6am to 8am EST? Just so you can go to lunch or is it a market condition that you don't like during that timeframe?

Todd

The TradingTime is just a feature Jeff introduces to THREE SET UPS (Jeff, Am I right ?). It can be used in any other chart setup.

The default windows in the script are 7:00am to 10:am and 1:00pm to 4:00pm (all in my own GMT+1 World time zone). I just increase my own windows by 1 hour. It is just all about GOOD times to trade. Window 7:00am to 11:00am falls within London session; Window 1:00pm to 4:00pm falls within New York session. 11:00am to 1:00pm is not for me to go for lunch (I eat when I'm hungry, NOT at specific times; that is the most healthy thing to do on eating); but market condition at that time is usually dull, specifically on Currencies; but it doesn't mean that things don't happen at that time; in any case, I gotta rest, man; and not over-trade.

Lolu

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  #205 (permalink)
Elite Member
Lagos, Nigeria
 
Futures Experience: Intermediate
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Favorite Futures: Euro Currency & Oil
 
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Zoethecus View Post
Can you guys kindly post your charts with price and marker?

Have a look at my post #194 and also here.

Lolu

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  #206 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
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What suspense!

I actually got in 1 minute early. I put my sell stop in early and it came down and hit it at 29 minutes after.

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  #207 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,030 received

CL is in a trading range and I sold near the low. Not looking too good. But I keep telling myself "90% success rate - Be Patient!". hehe.

when this is closed I think I'm done for the day.. Too slow & choppy.

Ok it hit first target. Finally! That was almost 30 minutes before it hit the first target.

t2 stopped out breakeven.

I'm done for the day. $190 total CL + FESX

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  #208 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,030 received

You can see it much better on a fast tick chart. I think the breakeven stop is too close. I think other traders know the breakout pt and they gun for this level. That or other traders wait for the pullback to the breakout pt to get back in. I'm not sure which but this happens too many times to be a coincidence. I'll study it this weekend.

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It's not just this strategy that I have bad luck with a breakout stop. Happens all the time. I guess I enter at obvious places.

Here is an example of eurostoxx 50 futures trade this morning. I was really bummed because it dropped quite a bit after I got stopped out!

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I'm open to suggestions.

Thanks Jeff for sharing this, I really enjoy it. It's really easy to do with my other setups.

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  #209 (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
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Hi Jeff

I must congratulate you again for a Very User-friendly and High Winning Trading Method(s)! Newbie me practised what I learned from you and it's a Fun & Successful morning IMHO.

Short recap:

1. 3 Inside Bar and 1 Outside Bar trades
2. 3 Winners and 1 Loser (I followed your suggestion to adjust the SL and minimize the loss for the second trade.)

Beth

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THREE SET UPS-cl-sim-trade-log-25-jun-r.jpg   THREE SET UPS-cl-08-10-6_25_2010-15-min-.jpg  
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  #210 (permalink)
Elite Member
Northern California
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: YM and CL
 
Jeff Castille's Avatar
 
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wgreenie View Post
Hi Jeff

I must congratulate you again for a Very User-friendly and High Winning Trading Method(s)! Newbie me practised what I learned from you and it's a Fun & Successful morning IMHO.

Short recap:

1. 3 Inside Bar and 1 Outside Bar trades
2. 3 Winners and 1 Loser (I followed your suggestion to adjust the SL and minimize the loss for the second trade.)

Beth

Beth......you did a great job !!!

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