See Attachment
1.5% profit if only my banker knew
Happy Trading
JTee1
1.5% profit if only my banker knew
Happy Trading
JTee1
- #162
- Jun 23, 2011 3:54pm Jun 23, 2011 3:54pm
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
If anyone is following Divergences Flag Trading the Trend, just to let you know he has had a rule change and has been entering on the 1 min chart after 15 min confirmation. Its worth the reading and his webinar of last friday is up. My hats off to Divergence he has gone the extra mile for everyone.
The 1 Min Chart has always rocked for me short and sweet. I will use his rule of 2.4 pips from 10 MA on second entries within the 5 ,15,30,60 min harmony. Gets you in much sooner. I'm working on a 15 min Donchian with 1 min entry It looks very promising.
But I'm still using old faithful. I'm up 8.9 % on 8 days of trading this month. and 10% last month on 12 days trading. Trading has to take second place to Contracting
The 1 Min Chart has always rocked for me short and sweet. I will use his rule of 2.4 pips from 10 MA on second entries within the 5 ,15,30,60 min harmony. Gets you in much sooner. I'm working on a 15 min Donchian with 1 min entry It looks very promising.
But I'm still using old faithful. I'm up 8.9 % on 8 days of trading this month. and 10% last month on 12 days trading. Trading has to take second place to Contracting
- #169
- Edited 11:24am Jun 24, 2011 11:22am | Edited 11:24am
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
- #172
- Jun 24, 2011 1:55pm Jun 24, 2011 1:55pm
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
Thank you Jtee1
I have probably setted it up correctly becouse now the chart looks exactly same as yours ( while nothing was changed ), this indicator is really extraordinary :-)
I am not sure but sometimes the indicator changes the color only after few minutes
Happy Trading
JTee1
- #173
- Edited 9:11am Jun 25, 2011 2:43am | Edited 9:11am
- | Joined Jan 2011 | Status: Do good and throw it in the sea | 61 Posts
Look at post 94 on may 17th of this thread it shows early entry. Its a clear pic of early entry with 4 TF harmony.
Rules of 2.4 pip cross of 10 ma are explained on Flag Trading the Trends Forum by Divergence. They have switched to 1 min chart last week.
Happy Trading
JTee1
For two years I use the CCI indicator of trading, and I consider it the most interesting and flexible enough. Parameter 8 for CCI is too short even for a 5 minute chart, not to mention one minute, these are its properties. Too short a time to calculate the indicator will not remove the price noise and light will often cross the zero line, giving the wrong signals to the input.
For the 5 minute chart proven over the years setting CCI 14. For one minute chart I picked up the option 30, which calculates CCI over 30 previous bars, a half-hour trend. I use mainly the zero line, zero line reject and crossing the zero line after good pattern(nine grandfather patterns CCI). For scalping enough, but a shorter option will cause the spin as a squirrel in a cage for 1 minute. This is just my opinion. Just think about it.
sorry a little off-topic !!!
Happy Trading!
- #174
- Jun 26, 2011 11:24am Jun 26, 2011 11:24am
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
I read post 94, but did not attach much importance to him because it was interesting to find out just about trade in the breakdown Donchian channel and because I do not like aggressive entries . And is now studying a branch the Flag Trading the Trends and I find it interesting points that can add stability to the trading. Suddenly they are on a minute chart
For two years I use the CCI indicator of trading, and I consider it the most interesting and flexible enough. Parameter 8 for CCI is too short even for a 5 minute chart, not to mention one...
I rely more on the MTF Trix for permission to trade and see the 8 CCI as just the earliest entry point. I like to wait for the break of donchian channel as entry point. I could never enter on an 8 CCI only. I believe we all can see trends but we have to pick and entry and exit strategy. The 8 CCI is earlier then the 14 CCI and the 8 CCI is usually earlier then the break of a Donchian Channel. They all have there merits and pitfalls. They will help us and fail us.
As for my thread it is simply my style of trading that fits my time constraints and has worked for me. I'm usually estimating jobs on my computer and wait for alert to call me. Then i look for entry. I've stared at to many candles for to long of a time.
As far as my trades posted Friday in Divergences thread they were based more on his rules and I'm trying to keep with his rules in his thread, but also trying to clarify when we are experiencing a pullback vs a retrace. I believe the mtf Trix will help with this. I've seen failed trades posted while I made positive trades during same time within 10 minutes or so of each other. They bought at what looked like retrace and entry signal was given, but was during a larger pullback. While a pullback was warranted at that time, we've also seen larger trends keep going without a pullback until later. Look at post 4737 by thefallguy on divergences thread and I will post my trade entry.
I'm always willing to listen and learn. When we think we know it all, I believe that's when we can be the most lost.
Best mentoring I've ever experienced is pro act charts. ( James Harris) Access to their trading room and live trading and a mentor calling what, when and why.
Happy Trading
JTee1
- #176
- Jun 26, 2011 1:03pm Jun 26, 2011 1:03pm
- Joined Jan 2011 | Status: Senior Member - Pro FX Trader | 2,736 Posts
