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Trading the Jam way


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Trading the Jam way

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  #1 (permalink)
Juno Beach
 
Experience: Advanced
Platform: Ninja and TS
Broker: Optimus Futures / Matt
Trading: multiple
 
JamTheTrader's Avatar
 
Posts: 135 since Sep 2009

I thought this would be a great place to post my trading rules, charts, talk about the setups, winners, losers, ones that set up and I missed and so forth.
I am using a 6 pip range bar on the GPBUSD and will use the same for the EURUSD.
Lets start with the rules for trend trades first.

  1. Pullback momentum trade entry rules
  1. Price bars must be on correct side of large triggers and large trigger in our direction or weakening,
  2. Bars must be in trade color yellow for down, green for up and should be on correct side of mid-band.
  3. Wait for a pullback to an area within a couple ticks. (if area is MB then MB must be trade direction color or wait for price to close on correct side of signal line)
  4. Enter on a reversal bar from area
  5. Macds in trade direction with weak pullback.
  6. Never enter a trade outside of the outer bands.
Stops
1. Initial stop is 2 ticks above/below the entry bar
2. Move stop to BE at 10 pips/ticks
3. Exit half of your position at Outer Bands
4. exit second half when the Parabolic flips AND your price bar closes against you. If Parabolic flips and price bar closes
back in the trade direction then move stop two ticks above/below that bar.

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  #2 (permalink)
Juno Beach
 
Experience: Advanced
Platform: Ninja and TS
Broker: Optimus Futures / Matt
Trading: multiple
 
JamTheTrader's Avatar
 
Posts: 135 since Sep 2009

Here are the charts for my reversal trades using two time frames, I will post all of the rules in a little later.
I use an 89 tick chart for areas and entry/exit and a 233 tick chart for areas and direction.

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  #3 (permalink)
Juno Beach
 
Experience: Advanced
Platform: Ninja and TS
Broker: Optimus Futures / Matt
Trading: multiple
 
JamTheTrader's Avatar
 
Posts: 135 since Sep 2009


Here is my first live trade this morning, it was a 30 pip runner to my area and a reversal type trade in the direction of the larger chart. I became very tired and grabbed 6 pips then went to rest for a few as I was up at 2:00amEST (full move on this trade was 70+ pips)

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  #4 (permalink)
Juno Beach
 
Experience: Advanced
Platform: Ninja and TS
Broker: Optimus Futures / Matt
Trading: multiple
 
JamTheTrader's Avatar
 
Posts: 135 since Sep 2009

Here is the first pound dollar trade of the morning, I had just stepped away from my EC trade and crashed for a few minuts and look what I missed.

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  #5 (permalink)
KANATA,ON Canada
 
Experience: Beginner
Platform: Ninja
Broker: Mirus,Zen-Fire
Trading: Currencies
 
sukhsan's Avatar
 
Posts: 106 since Jun 2009
Thanks: 93 given, 71 received

Hi Jam,

It looks like NexZen charts,
they use BB, S/R and BB lines ??????????


SSS

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  #6 (permalink)
Juno Beach
 
Experience: Advanced
Platform: Ninja and TS
Broker: Optimus Futures / Matt
Trading: multiple
 
JamTheTrader's Avatar
 
Posts: 135 since Sep 2009

Hi Sukhsan,
I do use nexgen fibs in my EC charts as well as my own variation of Balance and fibs. As for the other indicators, they were not developed by Nexgen only copied.
For example, the large triggers are linear regression MA and an MA of the LRMA. I do not use the small triggs but instead have adapted a Hull MA which I find better for me. The Keltner is a 55 period EMA with a displacment of 3.4. And on my GDP chart I have nothing from Nexgen at all.

They have a nice trading package and it cost me a lot of money for not only the package, but trying to trade their rules as well for over 4 1/2 years. In the free room that I moderate mostly with a few Nexgen people on and off, when question I always have to ask, are you profitable, if so keep doing what you are doing. No one has every said they were profitable when asked.

Hope this helps

Jam

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  #7 (permalink)
KANATA,ON Canada
 
Experience: Beginner
Platform: Ninja
Broker: Mirus,Zen-Fire
Trading: Currencies
 
sukhsan's Avatar
 
Posts: 106 since Jun 2009
Thanks: 93 given, 71 received

Thanks for the reply

I was using it on TF but in these days I am trading 6E
it is very close to NexZen indicators
I used BB(3.5,52), Lin (89), macd BBs and my own power bars

SSS

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  #8 (permalink)
Juno Beach
 
Experience: Advanced
Platform: Ninja and TS
Broker: Optimus Futures / Matt
Trading: multiple
 
JamTheTrader's Avatar
 
Posts: 135 since Sep 2009

Nice charts, just remember, Nexgen never invented any of theseonly copied and sold.

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  #9 (permalink)
Juno Beach
 
Experience: Advanced
Platform: Ninja and TS
Broker: Optimus Futures / Matt
Trading: multiple
 
JamTheTrader's Avatar
 
Posts: 135 since Sep 2009

Second EC reversal trade stopped -3 ticks

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  #10 (permalink)
Arcata, CA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: index futures, oil
 
Saroj's Avatar
 
Posts: 486 since Jun 2009
Thanks: 232 given, 413 received


sukhsan, thanks for posting your NT charts... did you develop the MACD BB's or are they available somewhere? the gray area looks like Keltner bands, not BB's... were the BB settings you mention those on the MACD?

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