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Hi Guys
I have been reading this forum for a while I must say mig mike put together a great stuff along with some other serious trader in this forum great work ...
I see lots of good system out there in the forum some are good for ES some are for TF .. I like to trade YM specially scalping so just wondering if the good scalper here could share some idea and system specificly for YM
Thanks guys...
Can you help answer these questions from other members on NexusFi?
There have been some recent additions to the forum as far as indicator toolsets. I thought I could start a thread where people could post their favorite combinations of these tools and templates to share with the group...
Thanks banbrooke but by looking at the picture i'v got one question.. after the first long there is a sell setup in ur bottom indicator but why didn't you take that sell?
Hi Silly go to the thread All you need. There is a few systems and setups in there that are fairly good. Not perfect but there is no perfect. It might take quite a bit of reading though to figure it all out.
Banbrooke, so you have triple EMA bars set to 4, but also have a triple MA dashed line set at 13? Do I understand that correctly? I loaded your template but only see the triple EMA bars set to 4.
i dont trade the YM but my brother does , he is making is living trading this system
i know he is making more then 50PT per CT almost daily , but he uses 10Range chart and 15Range charts
Very helpful and useful, but like Silly I am struggling with the rules:
1/ What is your INITIAL stop loss as I notice in some instances the trailing stop would have you taken you out almost immediately.
2/ What is your rule for using the TRAILING stop eg on the short trade in your uploaded image I see instances where price penetrated the TS but you stayed in the trade. Does price have to close on the other side of the TS. Or does the whole bar have to be on the other side of the TS. Or does the bar have to change color?
3/ Why did you not take the long signal at around 7.55am your time? If you had, price moved 5 ticks against you and penetrated the TS 3 times in the first 5 bars before being a small winner.
4/ Also like Silly, my charts show that the small sell signal after your first long did break zero on both raw and predictive. If that had been the case for you - what would have stopped you taking the trade ( a losing one)?
5/ I guess what I am struggling with is seeing how the rules and B Bands actually will keep you out of chop as it seems almost every change in bar colour corresponds with a crossing of the zero line. I guess the longer time view (7 range) will help in some cases.
Very much appreciate what you have done here, just that I would like to get a clearer understanding of how you are applying the rules