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  #91 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
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creekboy View Post
it will most likely work as i did call the top on a usd/yen trade -thats the only currency i watch --

So, what numerical analysis do you have for the Yen (6J) ? I should be able to derive the analysis for the Euro from the example of the Yen.

Lolu

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  #92 (permalink)
 
cory's Avatar
 cory 
virginia
 
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lolu View Post
@ creekboy,

Do you have to draw the Fib (using the in-built chart Fib tool) to derive the S/R ... and why do you choose to derive the S/R at that specific point ... why not a little bit earlier ? Does that specific point have a specific characteristic that made you to draw the Fib there ?

Lolu

draw a vertical line from a triangle (max high/low since MA crossing) then the s/r level = middle of 2 MAs at the vertical line.

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  #93 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
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cory View Post
draw a vertical line from a triangle (max high/low since MA crossing) then the s/r level = middle of 2 MAs at the vertical line.

@ Cory,

Pls, could you do a screenshot of s typical draw.

Lolu

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  #94 (permalink)
 
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 cory 
virginia
 
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lolu View Post
@ Cory,

Pls, could you do a screenshot of s typical draw.

Lolu

see where the vertical line cross the horizontal line is

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  #95 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
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cory View Post
see where the vertical line cross the horizontal line is

@ Cory,

I suppose that new S/Rs will always emerge as we have new Max Highs/Lows, since there will also be new MA crossings... Right ?

Lolu

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  #96 (permalink)
 
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 cory 
virginia
 
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lolu View Post
@ Cory,

I suppose that new S/Rs will always emerge as we have new Max Highs/Lows, since there will also be new MA crossings... Right ?

Lolu

you got it, each t/l will yield a diff s/r level.

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  #97 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
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Duration: Hours
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cory View Post
you got it, each t/l will yield a diff s/r level.

Thanks.

What purposes do the other lines serve ... I mean the five lines which, in any case, I can set to just one. What's the implication of setting it to just one line instead of 5, 4, 3 or even 2 ?

Lolu

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  #98 (permalink)
 
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 cory 
virginia
 
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lolu View Post
Thanks.

What purposes do the other lines serve ... I mean the five lines which, in any case, I can set to just one. What's the implication of setting it to just one line instead of 5, 4, 3 or even 2 ?

Lolu

then you get 1 down t/l and 1 up t/l

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  #99 (permalink)
 creekboy 
phl pa. usa
 
Experience: Advanced
Platform: tos
Trading: es
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i will give you a little history on this setup -as i dont believe anyone out there will have the link of trades for the last several years that has been used with this simple setup-

my best day testing with the sim was 24 million dollars

after that day was done - i recieved a letter from the broker telling me it does not work the way i traded -so the next day i reduced my activity x6 and did 4 million -he did not write again

the 24 million can be verifyed by several people =but i will pick Mr Don Miller -if he choses to confirm it -i tried to sell this simple system to Don for 175k when he was thinking about buying a seat for 175k on the cme board(find black box mention in Don blog archives) -the reason i chose Don was he had several places he was donating money to and felt this could really help him with his cause.

i tested this on a 100k sim account for options and currencies -in a very short time i was at 10 million and not long after playing like the boy plunger i was @ 10 billion

they say in life when something bad happens to you its not who you are -
but when something good happens to you it can be who you will become -


this system is fault free -find the ma combo that works for you -
short or long the last high or low is always the stop
and remember if you go back and review the cl trade in the beginning of this post -i called the long -short the reversal exit of the long then the reversal exit of the short -

never leave the trade when you wait for the set up -untill you can reverse at the next setup -only when the high or low is taken out will you be stopped out -

this is not a 7 tick system

this is a runner system


so run with it and do some good -as it works on everyticker symbol that has action -grain -metals -es -currency -

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  #100 (permalink)
 creekboy 
phl pa. usa
 
Experience: Advanced
Platform: tos
Trading: es
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some quick setups today -hoping to show what i see over time

1-5 line break prior to news (shorted 12.50 with a tight stop )

2-exit was first touch of blue trend

3- went long at 1309 when it failed to come in and touch for the 3rd time -also nice spike candle -exit was 2 points at the strike of the red pivot line per my chart setup

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Last Updated on June 27, 2013


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