Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
what a day, huh? I'm marking up my chart now, I did not trade (follow) it as well as I could, but did great. How well did you actually trade? Are you following?
Have you settled on your method? Still tinkering?
I see you are using bigger bars for higher (timeframe). I like that too. Have you given up on the time charts? What is the value of (how do you use) the different indicators on differnt time(range)frames?
How do you plan to wrap up your contest thread? 1 week left and then the holiday.
Thursday was indeed an exiting day. But I couldn't get into sycn with the fast market on the open, waited to 9:45 EDT, no trend change. There were charts all over my desktop buried two or three deep. I was watching the YM and not the 6E. So that is why I created and posted that template in my journal. I didn't trade because I had a conflict with what I was thinking and what I was seeing. When we had the 100 pt melt-up in a few minutes yesterday afternoon I was in the backyard.
Right now I am following the YM and 6E.
I am using this method, the TripleColor for the multi-hour trades as you can see on the 6E chart. For the multi-minute trade I prefer your @rpm123 method. I am still tinkering with identifying chop, early warning for a potential trade, and a trade exit with being premature.
With one week to go in the contest thread; I will continue to answer questions. "Thank you, Patrick for asking them." And next week I will be trading the 6E around the clock (starting 3:00 AM EDT, Monday morning)as I start watching the 6E Sunday evening. I will be using the trades to review this method and repost the rules.
Image 1: the current TripleColor trades on the 6E
Image 2: I was in the backyard on the melt-up
Image 3,4: this morning a rainbow is in my front yard, and the other end with the pot of gold is in my office.
Started this Journal Because ..............my trading is going nowhere. I am frustrated. Something has to change, so I thought of starting a journal this week. I woke up this morning and said to myself, lets start it today. I began my trading on June …
The TripleColor strategy is great. Blue...long, red...short. All one has to do is to adapt their trading style to enter and exit the triple color trade. My style for the short term trade is to take the break-out after the first pull back on a triple color trend change. And I find this trade easy using Perry's method 1, so I put the above in panels 2 & 3. So, maybe I improved his method because the backdrop is the TripleColor.
The chart images are on my other computer. For the several break-out trades I took on both the 6E and YM, Friday morning, I was 100%.
Interesting Tiberius. I was posting how one may go about finding better trades using the Perry Method. There are just so many trades that pop up, and without some context, it seems like a crap shoot.
I am short, I waited for the bar to close for the TripleColor red......................... I am using the M6E instead of the 6E, because I am going to sit back and relax and let this trade play out. I will be either stopped out or close the trade out as the triple color conditions change.
I will post more as the trade develops........................
Okay, one and a half hours later..............a failed trade.....after being +11...closed it out -6. Color conditions changed, got a white bar followed by a white bar that closed red and then I let the market stop me out on a tight stop on another white bar.
While I was editing the last post on my laptop, I took this sim trade on my other computer. Sim traded because I was busy with the other.
I tried to take a Perry's method 1 short on the TripleColor (red) 4 range chart while the 8 range chart was TripleColor blue. The trade failed. The trade before was a blue and blue winner.