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Hi,
Nice technique. Have you tried this with ES? Do you utilize different size tick charts in different markets? How did you come up with a 155 tick chart for CL? Thanks.
Can you help answer these questions from other members on NexusFi?
that 155 is a typo -----133 is the tick -if you look at the upper right hand corner -it will show 133 as the tick-
sorry for any confusion -i tried to go back and change it -but there is a time limit here to do so
as i never trade the ng - i thought i would do a test on my day off -this was a sim account set and locked at 1 contract -i suggest all new traders have there broker lock there account to 1 contract-
here are the chart and todays results -trading 1 contract at a time -caught a few runners but a lot of fast 4 tickers-
tested the --TF--
1 min chart
longterm ma's 565/1400 (10xabove post)
daily ma's used 30/150
you will see long term ma's running sideways (pure death to new traders)
1-low after the open
2-base line s/r after open-also lines up with 1400 flatlining ma
3-short entry with a strike to the 565 ma (steelballs hold if top not taken out )
4-nice short setup -3 line break -held 565-broke the trend and broke the 30
5-pure ambush (refer to #3or4above)
6-baseline reversal zone
renvik -i believe coy are a fish always kept in a confined area -so yes i am being coy -when waitng for the proper setup -its like shooting fish in a barrel