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my trade

  • #961
  • Aug 5, 2010 11:37pm Aug 5, 2010 11:37pm
Quoting Ffrank
The rainbow switch is after all just an ema/wma crossover, with more 'information' either side. I'll post some more soon.
dont forget the story behind the chart Frank,
and i'll search for more info about" the rescue trade".


keep the positivity flow , thanks guys
  • #962
  • Aug 6, 2010 1:13am Aug 6, 2010 1:13am
Quoting ben10
dont forget the story behind the chart Frank,
and i'll search for more info about" the rescue trade".


keep the positivity flow , thanks guys
Hi Ben10,

Just check with you enclosure EU on 1MTF today movement, base on your trading system would you please advise,

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: eu 1mtf.gif Size: 34 KB
  • #963
  • Aug 6, 2010 1:35am Aug 6, 2010 1:35am
Quoting ben10
i use bigger time frame for the map, as i want to know where the support and resistance are and then i scalp the 5 or 10 sec chart within that bigger pipe pattern.
Ben, how does the pipe pattern differ from the compression pattern? Also, you're looking for confirmation of the slope before entering?
  • #964
  • Aug 6, 2010 2:16am Aug 6, 2010 2:16am
Quoting mrhb30jr
Hi Ben10,

Just check with you enclosure EU on 1MTF today movement, base on your trading system would you please advise,

Cheers
EU updated on 1MTF, and another one 5MTF set up for EJ +50 pips


Cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 1mtf1.gif Size: 34 KB
Click to Enlarge Name: ej 5mtf1.gif Size: 29 KB
  • #965
  • Aug 6, 2010 8:57am Aug 6, 2010 8:57am
Quoting mrhb30jr
Hi Ben10,

Just check with you enclosure EU on 1MTF today movement, base on your trading system would you please advise,

Cheers
wow thats beautiful chart but i dont see the wma at all , still ... very nice though, care to share or explain whats are in that chart? the indicator the set up etcetra...
  • #966
  • Aug 6, 2010 9:13am Aug 6, 2010 9:13am
Quoting Magic Trader
Ben, how does the pipe pattern differ from the compression pattern? Also, you're looking for confirmation of the slope before entering?
its very much the same really and yes the slope is the confirmation to execute the trade.

i try to figure out how to trade the choppy/ flat market as i always trade in the wrong session. so here part of the solution:

1- flat spine + zigzag price (price going no where) + wma compression = wait patiently for the big move.
keep monitoring the compression and the slope but trade on the pullback.

2- to reduce the exposure at to accumulate more trades and hopefully get better price. the average position has to be still within the pipe zone and stop at the upper or below pricelines of the pipe.

3- using the map(bigger pipe) as to rescue the losing trade.
trade every time the pipe + slope appear on 5 sec chart but , it has to be within the map(bigger pipe).

the rescue squences = 1, 4, 16, 64, 256, 1024 ...and so on
  • #967
  • Aug 6, 2010 9:18am Aug 6, 2010 9:18am
Quoting ben10
i use bigger time frame for the map, as i want to know where the support and resistance are and then i scalp the 5 or 10 sec chart within that bigger pipe pattern.

pic below is the map example:

http://img46.imageshack.us/img46/8743/zone1.png


using the same pipe pattern to scalp too. notice the limit orders on both side ? thats the rescue mission ready to deploy.
this what happen :

http://img230.imageshack.us/img230/5926/91249409.png

how i still can make some pips even though my assesment is wrong
  • #968
  • Aug 6, 2010 9:26am Aug 6, 2010 9:26am
http://img713.imageshack.us/img713/674/15501361.png

my idea is if i can trade the choppy/flat market succesfully then ... im done , as for trading the high volatility is easier.
  • #969
  • Aug 6, 2010 9:31am Aug 6, 2010 9:31am
Hi Magic, what you have in mind as to improve the setup? i can see big potential in it and i believe its a very profitable setup(the pipe+slope).

discipline is paramount, the trick is to secure the profit as fast as possible by moving the stops. and im looking for another way to improve it ...please add your togh and opinion
  • #970
  • Aug 6, 2010 9:42am Aug 6, 2010 9:42am
http://img714.imageshack.us/img714/7259/30129542.png
  • #971
  • Aug 6, 2010 9:44am Aug 6, 2010 9:44am
Quoting ben10
Hi Magic, what you have in mind as to improve the setup? i can see big potential in it and i believe its a very profitable setup(the pipe+slope).

discipline is paramount, the trick is to secure the profit as fast as possible by moving the stops. and im looking for another way to improve it ...please add your togh and opinion
The pipe and the slope are great. Now that I understand what you mean by pipe, I'll observe more and get the ideas flowing. Like RisingSun was saying, we'd like to be able to get into the trade sooner if at all possible. But waiting for the pullback might be the wiser move.

Another possibility is to make our SL tighter. If we're entering at one end of the pipe, perhaps we could set our SL at half the distance of the pipe. This would improve our r:r and our bottom line.

Have a great weekend Ben!
  • #972
  • Aug 6, 2010 9:50am Aug 6, 2010 9:50am
http://img683.imageshack.us/img683/462/26012972.png
  • #973
  • Aug 6, 2010 9:58am Aug 6, 2010 9:58am
Quoting Magic Trader
The pipe and the slope are great. Now that I understand what you mean by pipe, I'll observe more and get the ideas flowing. Like RisingSun was saying, we'd like to be able to get into the trade sooner if at all possible. But waiting for the pullback might be the wiser move.

Another possibility is to make our SL tighter. If we're entering at one end of the pipe, perhaps we could set our SL at half the distance of the pipe. This would improve our r:r and our bottom line.

Have a great weekend Ben!
why i want to master this 5 sec chart trade? smaller move is easier to capture and the risk also very little.

the solution should be depend upon the set up, what i mean is .... the minute i enter the trade ..I must make profit immeadeatly in other words the market has to move ! and by using this compression + slope setup i can detect or spot the move before it begun , try it and practice it you can understand what i mean.


mmmm what i wanna say .....the set up is so simple that words will complicate it!

have a great week end buddy... i may stay for more hour or 2
  • #974
  • Aug 6, 2010 10:08am Aug 6, 2010 10:08am
http://img716.imageshack.us/img716/5103/17762217.png
  • #975
  • Aug 6, 2010 10:18am Aug 6, 2010 10:18am
http://img72.imageshack.us/img72/2998/99796273.png
  • #976
  • Aug 6, 2010 10:29am Aug 6, 2010 10:29am
now i got what i want and practice the scenario i have in mind:

to scale(priceline break out trade)?

to rescue and the squences 1,4,16 etc..?

to wait for the slope(priceline break out trade)?

http://img51.imageshack.us/img51/5033/45041553.png
  • #977
  • Aug 6, 2010 10:40am Aug 6, 2010 10:40am
8 pips take it or leave it or i can have more by protecting my gain to movr the stops below my average positions and ride

http://img97.imageshack.us/img97/3771/98713908.png

i think im gonna have great weekend
  • #978
  • Aug 6, 2010 10:51am Aug 6, 2010 10:51am
http://img820.imageshack.us/img820/812/26195557.png
  • #979
  • Aug 6, 2010 10:53am Aug 6, 2010 10:53am
ok im done i need to sleep , my boys got soccer tomorrow, CIAO!
  • #980
  • Aug 6, 2010 12:20pm Aug 6, 2010 12:20pm
Quoting ben10
http://img713.imageshack.us/img713/674/15501361.png

my idea is if i can trade the choppy/flat market succesfully then ... im done , as for trading the high volatility is easier.
Hi ben10,

Now I'm more understand with your explanation regarding this system. This is great posting to share and i would like to say thank you very much for this
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