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Yes this is my main trading method. Stops are related to the size of the range bar. If you use 4 range bars then SL = 6-8, if you use 15 range bars then SL=17. It is normally about 2 ticks below the previous bar on entry. Targets are again according to the way you trade, if it is 1 or 2 contracts. If 2 contracts, then exit after 4-5 ticks if 4 range bars, and 9-10 ticks if 15 range bars. on close of entry bar move SL to BE+1.
Can you help answer these questions from other members on NexusFi?
I do not look at any % angle of lines. You can see if it is flat or turned up or turned down. That is all. To be sure look in your data box (one of the icons on the chart) and you can see by moving the cursor what the value was of the previous bar or previous bars, and what the value if the present bar. By doing this you can see if your are flat, going up or going down.
Perry, sorry, in the beginning, you had stated that this was similar to Boomerang. This was one of your quotes in another thread:
"Kirk, Here we go. EMA(7) is black line, and SMA(15) the Blue line (dots). Force index EMA 13. This exactly matches the ES on 1/22/2010 which is on their site. The ForceIndex is not exactly the same but good enough. This is how I trade, with different numbers but the same idea. I also use an DMI-ADX"
The reason why I ask you is that is seems that your system seems to be better and just wanted confirmation from you and others so I don't have to look at the Boomerang sales page anymore, that's all....
In the message you are refering to, I answered someones question, whether anyone can reproduce the Boomerang setup. I promptly reproduced it with an example to show that what I suggested was a replica of the boomerang example. Other than that, my trading platform is different with a very set rules as you have noticed. Have fun
Hello Perry! Congrats on a great thread and a great method. Although it may seem like its coming from the Boomerang system, your free version makes the user understand what the market is doing rather than relying on arrows that come up.