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Right Line Trading Method
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Created: by msull35706 Attachments:10

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Right Line Trading Method

  #11 (permalink)
Elite Member
Saint Louis Missouri
 
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300 ticks

Mike,
I believe Maria means 30 ticks ($300) for 3 contracts to start with and your profits were $200. I think this is how she came up the R:R ration.
Amin

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  #12 (permalink)
Elite Member
Saratoga, NY USA
 
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avall38486 View Post
Mike,
I believe Maria means 30 ticks ($300) for 3 contracts to start with and your profits were $200. I think this is how she came up the R:R ration.
Amin

Thx Amin for the clarification.
Again is 10tix initial risk too unreasonable to ask for on trading CL?
I don't think so.
How does she know of $200 profit on 3 contracts?
Even if it were the case, these are hi probability setups.
I'll gladly make $200 a trade consistently. The price action would have to have gone at least 20tix or so.
T1 = 6tix
T2 = 10tix
T3 = 10tix trailing stop
I will look back to Wed and try to post pic of this CL move

Mike S.

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  #13 (permalink)
Banned: Vendor self-promotion
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Crazy


Mike thats exactly how I came up with 300 dollars

Furthermore I am not attacking anything, I am just stating the obvious.

I am sorry that you are so offended by my observations.

You made this attack personal, I however will not do that !!

I am the first one to tweek my methods share the tweeks with my trading friends, advise them of better charts timeframes indicators and methodology. So, no its not my way or the high way. Nor is my mind twisted in any way-

Again, I am not knocking the system or you for that matter -

I wish you the best of luck really -

Maria

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  #14 (permalink)
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Saratoga, NY USA
 
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CL on 11/27/2013

Yes Wednesday had a large CL move.
I did a measured tix move of approx. 128 tix from A to A or 93.30 to 92.04.
Keep in mind I trade from 7:30am. The peak of the sell off started late on previous session.
I will note the probable setups that could have been taken if you up during the Euro session 3am

1st setup: No Trade. Too many ABC's. Too much price stall. Green Stochastic on 3LineIndicator.
Pass on other setups with Yellow 15MA

2nd setup: ABC after stall. Goes 18tix. Profit for 3 contracts $180.

3rd setup: ABC after stall. Goes 11tix. Profit for 3 contracts $160.

4th setup: Bunch of no trades. Again looking for hi probability setups.

5th setup: ABC after stall period. Resumed downtrend. Goes 20tix.. Profit for 3 contracts $200
See chart below....

So after 3 conservative setups... total profit $540.

Interesting how the money wasn't made with the BIG move. Let price settle down and take the core trades.
ABC was the one today with the regressive/pull back towards the 15MA



Mike S.

Attached Thumbnails
Right Line Trading Method-cl_112713_4.png   Right Line Trading Method-cl_112713_5.png   Right Line Trading Method-cl_112713_6.png   Right Line Trading Method-cl_112713_7.png   Right Line Trading Method-cl_112713_8.png  

Last edited by msull35706; November 30th, 2013 at 07:47 PM.
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  #15 (permalink)
Banned: Vendor self-promotion
East Quogue
 
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its an opinion and observation

It was an opinion Mike an observation -----------------------

Maybe I should have said for "ME" a less then 1 to 1 R to R is not good enough ---

Anyway, unfortunately this has escalated to a very unfriendly tone. Again, I wish you the best of luck-------------

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  #16 (permalink)
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msull35706 View Post
Maria

I must have overlooked your original statement that RLT has serious flaws.
Those are your words. I'm not going to let you or anyone get away with that without any backup.

You also must have missed my comment on I respect you as an individual and trader... hmmmm last I knew that's not a personal attack at all.

I will show high probability setups that someone could have taken using RLT method on Wednesday's CL chart.
These setups will fit in the opening trade descriptions in this thread. That's the reason for those screen shots. This sets the stage on what qualified trades look like.

I will post results that one could have made trading 3 contracts and we'll see how flawed RLT rally is...

I myself would luv to see your results as well on 11/27/2013 and the trade setup that made you take that entry.
I'm not making this about how much money I can make, but you apparently are.
I've said before, everyone is different on Risk:Reward. I'm not here saying this is the BEST system on earth.
What I'm saying it's helping me moving forward to being a professional day trader
Simple as that.


Mike S.

This method will never lead you to a professional trader, sorry

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  #17 (permalink)
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supermht View Post
This method will never lead you to a professional trader, sorry

Thanks Supermht for the kind encouraging words.

Here's 5th trade setup. Done for day closing in on 11:30am.


Mike S.

Attached Thumbnails
Right Line Trading Method-cl_112713_9.png  

Last edited by msull35706; November 30th, 2013 at 07:41 PM.
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  #18 (permalink)
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Moderator Note


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Mike

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  #19 (permalink)
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Time to simmer down....

I apologize for certain things being stated on here.
I've requested to Big Mike to assist me in creating a thread for my trading journal.
I am inexperienced with this as you can see.

I'm really excited with my trading thus far and want a place to share with others who might benefit.

That's my sole intention.

I will refrain from negative banter and let my chart results speak for themselves.

Hopefully I/we can move forward from this and make it more positive.

Here's new thread link for my trading:
https://futures.io/trading-journals/29718-mike-sullivan-trading-journal.html

Thank you

Mike Sullivan
Michael.sullivan1014 - Skype


Last edited by msull35706; November 30th, 2013 at 08:08 PM.
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  #20 (permalink)
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a Little info on RTL from my research


I have not used this vendors product I am just adding a bit more information for others who may come across this information.

I came across this thread alst night and noticed the setups that MIke S. had posted. A combination of his enthusiasm and the objectivity of the trade setups lead me to look into this outfit a bit more.

For those interested in learning a little more about the offerings of RLT I suggest visiting their site and examining the Partner Video they did with Ninja Trader, as well as his market recaps of trades he ahs taken in his trading room. There is a decent amount of information presented and Mark Sachs seems sincere enough to answer any questions asked.

After watching the video in its entirety I did a little more research. While RTL is in fact new on the scene in regards to being a vendor (as of ~Sept/Oct 2013) Mark Sachs had originally tried to get this off the ground back in 2006. With the exception of recorded webinars with other vendors as sponsors, I found very little information about RTL or Mark Sachs trading background.

With that being said, everyone has to start somewhere.

I believe Mark has put together some things and findings that has worked well for himself personally and is now turning it into a business model to teach others what he has put together. This is no different than any other vendor out there who has something of quality to share.

Hopefully this post will enlighten people to do their own due dilligence in researching a vendor or product in their quest for additional trading education.

Cheers,
Jester

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