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THREE SET UPS
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Created: by Jeff Castille Attachments:243

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THREE SET UPS

  #561 (permalink)
 Vendor: www.ezcolortrading.com 
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Jeff Castille View Post
Hi Beth,

All of the three set ups trade today were winners (3 inside bars and 1 outside bar).........what is the loser you are refering to?

Hi Jeff

The second long @76.98 (around 10:00 am) did not work out for PT 12. SL 16 got hit (filled at 14). I got lucky for my real Long trade PT 8 (just made it)!

Beth

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  #562 (permalink)
Trade with the flow
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I forgot the rule about not trading before crude inventory report.

-5 for me. Will not forget next time.

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  #563 (permalink)
Market Wizard Apprectice
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can anyone provide a chart template for this? I don't know what to do with the: REVERSALS WITH VOLUME.xml

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  #564 (permalink)
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futurestrader1 View Post
can anyone provide a chart template for this? I don't know what to do with the: REVERSALS WITH VOLUME.xml

That is the template.

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  #565 (permalink)
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-26 +24 +24 ==> +22 on CL
-5 on 6E

Don't have my charts in front of me now but I saw the charts on the morning action.

On 6E it went long about 1+hr after the London open but then 2am hit and the strat closes all positions after trading time ends (I only trade the first 2hrs) so it closed out the position for a 5 tick loss. Good thing as the market roared down after that for what would have been a full stop loss. This prompts me to look into time stops more.

On CL took the first IB and it didn't go far enough. Then came news, and we got an inside bar right in front of news. I though "ah, that would have been a winner" as it shot up after news but, oh well, it was following my rules. But then once it came out of news, and was above the IB from 30mins ago it went long, an unintended trade as I didn't want it to take IB breakouts more than 1 bar after the IB. This time though the gaffe was profitable as it turned out to be a nice winner. It took another short trade in the afternoon for a winner.

I'll post charts later but here's my txns from Mirus/RCG...

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  #566 (permalink)
Trade with the flow
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futurestrader1 View Post
can anyone provide a chart template for this? I don't know what to do with the: REVERSALS WITH VOLUME.xml

save it to your ninjatrader chart templates directory (in documents folder). then create a new chart and select this template.

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  #567 (permalink)
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As easy as 1-2-3?

This was a beautiful 1-2-3 reversal off the bottom.

I recommend reading all the Trader Vic and Joe Ross you can !!

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THREE SET UPS-cl-08-10-7_14_2010-15-min-.jpg  
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  #568 (permalink)
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Jeff Castille View Post
This was a beautiful 1-2-3 reversal off the bottom.

I recommend reading all the Trader Vic and Joe Ross you can !!

I thought about shorting that 9am bar, that looked pretty juicy, but I couldn't stay around to babysit it so I didn't.
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  #569 (permalink)
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shodson View Post
I thought about shorting that 9am bar, that looked pretty juicy, but I couldn't stay around to babysit it so I didn't.
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This is good VSA setup for shorting, long up bar with high volume followed by a long tail inverse hammer or shooting star, in VSA is a tipical upthrust, with very high volume (sellers absorbed the buyers's volume), followed by a down bar that confirms the short bias.
Sorry for the off topic stuff, but it was too greedy to not eat it .

Luke.

Take your Pips, go out and Live.
Luke.
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  #570 (permalink)
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shodson View Post
-26 +24 +24 ==> +22 on CL
-5 on 6E

On 6E it went long about 1+hr after the London open but then 2am hit and the strat closes all positions after trading time ends (I only trade the first 2hrs) so it closed out the position for a 5 tick loss. Good thing as the market roared down after that for what would have been a full stop loss. This prompts me to look into time stops more.

On CL took the first IB and it didn't go far enough. Then came news, and we got an inside bar right in front of news. I though "ah, that would have been a winner" as it shot up after news but, oh well, it was following my rules. But then once it came out of news, and was above the IB from 30mins ago it went long, an unintended trade as I didn't want it to take IB breakouts more than 1 bar after the IB. This time though the gaffe was profitable as it turned out to be a nice winner. It took another short trade in the afternoon for a winner.

I'll post charts later...

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