NINJA PLATFORM

forex live trades, setups, charts

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dchappy
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Postby dchappy » Fri Jun 12, 2009 9:11 am

I've been experimenting with a way to re-enter a continuation trade .In a good trend sometimes the price just bumps the channel (not enough to form a sema ) and the CCI never makes it to the 100 .I added a moving average & enter when the bar closes below it . The important condition is that there must be a good trend ( channel pointing up or down ). This is really more squiggly's than I want to look at ( simpler is better)..Any suggestions ?.............Chappy
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dchappy
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Postby dchappy » Fri Jun 12, 2009 10:27 am

If we are patient the market will always give us another semifore....Drain-em.......Chap
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dchappy
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Postby dchappy » Sun Jun 14, 2009 2:01 am

I picture trading much like a canoe floating down a lazy river (don't laugh ). Price is the canoe and the channels are the banks of the river . When the canoe gets to the bank I look for a safe spot to step into the canoe and take a ride . Of course sometimes I lose my mind and try to STEER the boat where I THINK it should go , I always end up wet .

Then I remember TRO's words " Be the Leaf , float WITH the stream "
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dchappy
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Postby dchappy » Mon Jun 15, 2009 1:25 am

This was a weak sema against a trend . There was divergence between price & cci , which usually means a direction change . It worked out for a small profit .
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dchappy
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Postby dchappy » Mon Jun 15, 2009 8:37 am

Another counter-trend semafor with divergence . But I need to work on taking the trend continuation trades ( more potential ).
Drain-em........Chappy
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dchappy
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Postby dchappy » Tue Jun 16, 2009 12:15 am

Tested that trend continuation idea tonight with 1 mini .Now I'm wondering if I really need it and the CCI . It's the semafor that is the key .Don't want to load up the chart with a lot of things that confirm each other ...hmmm

Drain -Em .......Chappy
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$USDJPY  6_15_2009 (5 Range).jpg
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zeller4
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Postby zeller4 » Tue Jun 16, 2009 12:29 am

Chappy,
Thanks for sharing the charts! I haven't read all TRO threads on the Semafore, I did see he has a note: "Only trade if there is a 1, 2 or 3 semafor on the current or previous H1 candle. NO EXCEPTIONS!" Can you please explain how that ties in with the moves or move count outside the channel?
Thanks again,
Kirk (zeller4)

zeller4
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Postby zeller4 » Tue Jun 16, 2009 12:31 am

Chappy,
Also, what is producing your arrows on the price chart? Sometimes you're using 10 range and sometimes 5 range... Please explain why?
thanks,
kz

dchappy
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Postby dchappy » Tue Jun 16, 2009 1:21 am

Holy Cow !! Guess I shoulda trade bigger huh?
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dchappy
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Postby dchappy » Tue Jun 16, 2009 9:00 am

Hi Kz : Thank you for your interest .I started posting to show other Ninja traders how we can trade Tro's DTB on our platform .I believe the theory is the same but the "nuts & bolts "are a bit different .

As you probably know DTB displays 3 levels of semafors ( 3 different time frames on 1 chart) pretty cool . I show only 1.

Tro suggests not to trade against the H1 ( trend is your friend idea )
I'm useing range bars ( no timeframes involved )BUT by watching the direction of the channel (slope ) I instantly see if I am with or against the trend . In fact , on this chart the channel is over 4 hrs long ,so technically I am watching a H4 chart .

Remember , when price crosses outside a channel , on any timeframe , it becomes a Sema for THAT timeframe . Make sense ? (Elliot folks would see it as "waves within waves " )

I put the arrows on to show what sema I am looking at on price,and to show where the entry is on the CCI .

Hope that all makes sense , I'm still learning & appreciate any pointers .
I took this trade against the trend because I saw divergence (cci said momentum was slowing down )
....Drain-Em......Chappy
( Oh ... Mostly I watch the 10 range ,when things slow way down I may switch to 5 range to see price action ,but I like the "bigger picture "( need time to ponder ..heh

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