Simple as 1-2-3

forex live trades, setups, charts

Moderator: moderators

dchappy
rank: 500+ posts
rank: 500+ posts
Posts: 828
Joined: Sat Feb 14, 2009 8:48 pm
Reputation: 3
Gender: Male

Postby dchappy » Wed Mar 12, 2014 2:54 pm

It's been a while since I used TS . but you may be plotting Tics(trades)

vs. Ticks (points ) . Guess you will need to play with it a bit .

1 or 2 min is very similar to range , will probably work just as well

for scalps .......

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

judokamak
rank: 50+ posts
rank: 50+ posts
Posts: 101
Joined: Mon Jan 09, 2012 9:20 am
Reputation: 0
Gender: None specified

Postby judokamak » Thu Mar 13, 2014 3:29 pm

dchappy wrote:
during the 1st hr after the open and was not stopped out with a 1-1
stop loss.This is what I discovered:


6 ticks hit 92 %
8 ticks 92 %
10 ticks 89%
12 ticks 85%
15 ticks 72%
20 ticks 60 %
25 ticks 52%
30+ ticks < 45%

.


DC, are this stats made during 1 st hour after the ny open?
I m asking because if one takes wider trading time as basis, it doesn t come up anywhere near you data.

dchappy
rank: 500+ posts
rank: 500+ posts
Posts: 828
Joined: Sat Feb 14, 2009 8:48 pm
Reputation: 3
Gender: Male

Postby dchappy » Thu Mar 13, 2014 3:39 pm

Yes Sir .. 1st Hr from NY open

judokamak
rank: 50+ posts
rank: 50+ posts
Posts: 101
Joined: Mon Jan 09, 2012 9:20 am
Reputation: 0
Gender: None specified

Postby judokamak » Thu Mar 13, 2014 4:10 pm

Thanks dc, i though as much :)

dchappy
rank: 500+ posts
rank: 500+ posts
Posts: 828
Joined: Sat Feb 14, 2009 8:48 pm
Reputation: 3
Gender: Male

Postby dchappy » Thu Mar 20, 2014 2:31 pm

Fib tgt hit to the Tic ...... :)
Attachments
mar20.JPG
mar20.JPG (124.35 KiB) Viewed 420 times

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
RicG
rank: 150+ posts
rank: 150+ posts
Posts: 274
Joined: Tue Jul 24, 2007 11:44 pm
Reputation: 0
Location: Nashville, TN
Gender: Male

Postby RicG » Thu Mar 20, 2014 3:03 pm

Sweet - I love it when that happens! :-)
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)

dchappy
rank: 500+ posts
rank: 500+ posts
Posts: 828
Joined: Sat Feb 14, 2009 8:48 pm
Reputation: 3
Gender: Male

Postby dchappy » Tue Mar 25, 2014 4:05 pm

PM "..Mr. DC .. Will this approach be success with longer charts .

I am not a scalper ,and also have been warned not to use ""lagging "

indicators , such as moving averages ..Thank you (Name withheld )


Yes , you will see good signals on any time frame , however I can't

speak about other markets , you will need to test them yourself .

I have always said that if you do not completely trust an indicator ,

you need to remove it from your chart . Trading is patience and trust .

How about using a simple trendline , it works great for entries and exits.

This chart is a 15 tick and I would use a larger stop (20 + ) on a longer term trade .

Do your testing and see how it looks .....Good Luck
Attachments
mar25.JPG
mar25.JPG (115.09 KiB) Viewed 365 times

User avatar
RicG
rank: 150+ posts
rank: 150+ posts
Posts: 274
Joined: Tue Jul 24, 2007 11:44 pm
Reputation: 0
Location: Nashville, TN
Gender: Male

Postby RicG » Tue Mar 25, 2014 9:47 pm

Hello fellow traders,

I wanted to share this method I'm currently using to trade NQ. I just started using it the past couple of weeks and was inspired by several factors

1) CL currently being in a consolidation period, where my normal strategies are "treading water".

2) CL, NQ and YM price action setting up very few harmonic patterns for me to trade.

3) dchappy's "keep it simple" style of trading (that's why I'm posting it here - hope that's okay)


This method has only a few rules. I took a bit of my past training (CCI trading with Ken Wood, better known as "Woodie"), and added an EMA filter to keep me trading with the trend. I manually back tested three months of data it to see if it's working in current market conditions and it is. Here are my rules.

1) Trade NQ on a 10 tick range chart.

2) Only take trades in the direction of the 34 EMA (Cyan for Longs, Magenta for Shorts)

3) Draw trendlines on CCI-14 (not price). In order to have a valid trendline, at least one of the peaks has to have started at beyond plus or minus 150 (black horizontal line on CCI). Stats show the highest winning percentage on trendlines that have have peaks extending beyond the 150's on both ends of the trendline. Also, the higher the number of touches, the better the winning percentage.

4) When trendlines are broken take the trade in the direction of the trend.

5) Profit Target is 6.00 points, with the stop moved to plus 1.00 point after price has moved at least 4.00 points into profit.

6) Initial Stop Loss is 4.00 points.


That's it.

Today's stats using the above rules:
8 winners, plus 43.00 points
1 losers, minus 4.00 points
Net points before commissions, plus 39.00 points

That winning percentage (88.8%) is a bit higher than for the 3 month period backtested, but not by much. That number is 84.2%

Pretty easy stuff really. I, like most traders, tend to make things WAY too difficult. Sometimes simple is best (and the most profitable).

The two pics below show today's trades:


Image

Image


Great trading to all,
Ric
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)

dchappy
rank: 500+ posts
rank: 500+ posts
Posts: 828
Joined: Sat Feb 14, 2009 8:48 pm
Reputation: 3
Gender: Male

Postby dchappy » Wed Mar 26, 2014 6:31 pm

Gotta love the CCI .....Thanks Ric :smt023 :smt023 :smt023

User avatar
RicG
rank: 150+ posts
rank: 150+ posts
Posts: 274
Joined: Tue Jul 24, 2007 11:44 pm
Reputation: 0
Location: Nashville, TN
Gender: Male

Postby RicG » Wed Mar 26, 2014 9:42 pm

Hi all,

An update on the NQ CCI Trendline Break Strategy ----

At cursory glance, the NQ today had a fairly nice trending day. However, it was a very sloppy/choppy downtrend. Except for few exceptions, the NQ "trend" today consisted of pushing hard straight down 5-6 points - then popping straight back back up 3-5 points, then rinsing, repeating. It was tough going today, with most of my entries taking quite a bit of "heat". But, using the rules posted above, it turned out to be a decent day (can't complain too much about a profitable day, albeit smaller than average for the strategy, especially with such crappy price action).

Results based on the posted rules:
9 Winners, plus 39.00 points
4 Losers, minus 16.00 points
Net before commissions, plus 23.00 points
Win % for the day = 69.2%
Ave Win = 4.33 points
Ave Loss = 4.00 points

The entries are posted in the pics below:

Image

Image

Image


Ric
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “forex”