I will be trading a discretionary system against a mechanical trading system I have developed in Ninja Trader. The discretionary system will change periodically, but the mechanical system will remain the same, just optimized for look back periods and chart minutes periodically while the system is being tested.
Discretionary System
Price action trading crude entering trades using 7 Range Bars. System refers to higher timeframe charts for trend bias (daily, 1 hour), and momentum reversals (6-8 bars on the 15 minute and 5 minute charts).
The 7 range bars allow for great setups off bull and bear flags, S/R. Buying off S/R on higher time frame charts works well for scalps.
Mechanical System
Simple momentum strategy on the CL futures contract. I have begun using the 10 minute chart. This may change, not in an effort to curve fit the strategy, but to be able to adjust the look back period will require an adjustment to different time periods.
Thank you to Big Mike for the space that allows traders to work out their trading systems.
Thank you to all the price action traders on nexusfi.com (formerly BMT) for posting their journals which has helped me tremendously in sorting out my trading.