vast 

Hi MetalTrade Thanks for the charts. What were you trading today? It looked like your entries were later than I thought would be the case. Almost like a retrace to the 5EMA/20EMA rather than the first setup bar that appeared. But, the way you are going you must have it right as you have done well. Any help is appreciated. Regards

Hello, yes, I might be later than others because I need also confirmation on 4 AND 8. And by the time I press BUY MARKET and confirm the price might have jumped already also. Sometimes it's a very fast game. I don't only use the perry system I like pullbacks for confirmation and combine it with support/resistance, general technical analysis and previous/highs low to be in a as high as possible profitable trade. I don't think that's wrong. That's why I believe that day trading like we do should be non-automated but done with common sense. Don't search for a holy grail, you will need all the knowledge you can get IMHO to be succesfull. The perry system helped me alot with my major demon : overtrading.

vast 

I am wondering if you could mark up setup bars and entry points on todays 6E if get a chance on both the 8R and the 4R. I am interested to see if I am understanding it. Sorry, for the dumb questions, maybe I am slower than others in getting the concept. Regards

I would have entered that trade AFTER it broke that ultimate support line on the 4. But that's just a personal trading rule.

MetalTrade 

Hello Joeblow, Here is a screenshot, i was in 3 trades just a moment ago, with the CL trade being a loser but that was my fault. I have 3 monitors currently so each file is 1 monitor. Please let me know what you think. Great trading opportunities right now. !!! Attachment 21021 Attachment 21017 Attachment 21019

Thanks MetalTrade...

Was very helpful to compare charts. Looks like mine are setup the same as your's which is the same as what's described in post #70. So that's nice to know. Also, looks like my entries match your's pretty closely. Minor differences in a couple cases probably due to slippage. Bottom line is it seems as though I'm on track.

Thanks again...
Mike

perryg 

TRADING TIMES: (all times are EST) I think that the following info will be useful to all traders. Currency Futures: (6A, 6B, 6E, 6S, 6J, 6C) 02:30 - 05:30 08:00 - 11:00 14:00 - Start looking at your charts 15 min before the above starting times i.e. 02:15 etc. You will normally see very good moves around the starting times. Index Futures: (ES, NQ, TF, EMD, YM) 08:00 - 11:00 14:00 - Start looking at your charts 15 min before the above starting times i.e. 07:45 etc. You will normally see very good moves around the starting times. VERY IMPORTANT TIMES 10:00 14:00 At theses times the market will REVERSE. If the market was going up until theses times, it will reverse and go down, and visa versa. Watch the market carefully at these times for nice reversal moves.

Hello Perry and thanks for your efforts...

Don't see any mention about CL. What are your thoughts about trading times for CL? My experience is that between 8am and 11am are pretty much it. Seems that a move happens at 8 am, 9 am, and then between 9:30 and 11:00.

Times are eastern.

Thanks,
Mike Winfrey

JoeBlow 

Hello Perry and thanks for your efforts... Don't see any mention about CL. What are your thoughts about trading times for CL? My experience is that between 8am and 11am are pretty much it. Seems that a move happens at 8 am, 9 am, and then between 9:30 and 11:00. Times are eastern. Thanks, Mike Winfrey

Mike,
As you see yourself CL fits into the same time frame as all the others.

perryg 

Mike, As you see yourself CL fits into the same time frame as all the others.

thanks, was just wondering if you had any different experience.

Mike

Hi Perry and All,

Bar B in the ES, 4 Range chart seems to meet 6 conditions of Trading Method 1-short, except ADX reading is 19.21 (close). My questions---

A. Would you take this trade at the close of Bar B?

B. If you did not take Bar B as Setup bar / Entry Bar, would you take Bar C as Entry Bar either during the Bar C is forming, or, at Bar C close? TIA! Good Trading to You All!

fusion 

Hi Perry and All, Bar B in the ES, 4 Range chart seems to meet 6 conditions of Trading Method 1-short, except ADX reading is 19.21 (close). My questions--- A. Would you take this trade at the close of Bar B? B. If you did not take Bar B as Setup bar / Entry Bar, would you take Bar C as Entry Bar either during the Bar C is forming, or, at Bar C close? TIA! Good Trading to You All!

I have explained it a number of times in the thread, to watch the angle of the ADX. Even though it is below the DM and is defined as "CHOP", when you have all the other indicators in line, and the ADX STARTS turning UP, you can take the trade. So B is OK or C is OK.

Hi Perry and All,

Slope of EMA (5) from Bar A to Bar B is down,
Slope of EMA (5) from Bar B to Bar C is flat,

Despite ADX doesn't seem to agree, may I make conclusion that the EMA(5) line have gone down 3 bars (Bars A,B and C) toward the EMA (20); thus, Bar C is the Setup bar for Trading Method 2, Long? TIA!

fusion 

Hi Perry and All, Slope of EMA (5) from Bar A to Bar B is down, Slope of EMA (5) from Bar B to Bar C is flat, Despite ADX doesn't seem to agree, may I make conclusion that the EMA(5) line have gone down 3 bars (Bars A,B and C) toward the EMA (20); thus, Bar C is the Setup bar for Trading Method 2, Long? TIA!

C is your setup bar. When looking at the EMA 5 , you do not consider a FLAT EMA 5 as part of the count. You are looking for a least a 2 bar up move, and if it has not gone down for more than 2 bars we are still in the upward move.