Ok here I go again. First I'd like to thank everyone on this website, yall are all great. Even though I've had my monents, it's just been from extreme frustration, and failure. So I finally think I have something I can do.
I'm using a 1000 tick Better Line Break chart. Learned about that from the webinar here at futures.io (formerly BMT). I like the whole idea behind it. I'm using that as my main directional chart. I'm trying to trade atleast two pull backs off that chart once it goes red or blue. I'm using a 150t chart in order to time those entry's.
Below are two three charts.
1. The 1000 BLB.
2. The first half of the trading day on the 150t chart.
3. The second half of the trade day on the 150t chart.
I just had to many trades to fit it all on one picture, so I just seperated it in to two.
I'm trading 1 contract. My entry's are when price closes above or below the 12 period felton MA.
I also would like to see the MACD "blue" line headed sideways or in my direction, but not against me at the time of entry. I'm just want to get to the next swing high. On the CL most of the time that pays about 25 ticks, and thats just fine by me. However if price moves out away from my entry quickly, I will set a BE stop in order to capture a much larger move, something that I think is esential.
I'll write more later, forgive anything that is lacking as of yet.
Yellow arrows are entry's, whites arrows is where I exited.