My Entry vs My Stop vs My Exit

[walterw]

this is what a 3T chart can do for you... with 110T indicators...

[torero]

If your trail stop is higher timeframe than your regular timeframe, wouldn't it exit late?

[walterw]

Torero: cyan and yellow are derived from 22T speed and red/blue averages are derived from 110T... in the above example I trailed the long trade till I croosed the blue lines ( exit)... on the second short... its still open below the red lines....

M`s are formed with the cyan/yellow from key areas... whatever you like most... (fixed or dynamic) at the "triggers" blue/red.... then once in the trade your stop is tight below the triggers... and your trail is long... with triggers...

your risk is on a 22T speed universe, your reward is on a 110T universe... but you only look at one 3T chart...

Reasons for 3T chart : I actually read the tape with that speed universe... you can feel when its flowing or not.... it takes a lot of screentime to understand the benefits of using this scale... but russell demands it... it has a very wide range and great volatility... you need to see what is happening really... thanks for interacting... do you speek spanish ? I am from Argentina... cheers Walter.

[cfrn]

i fell like i've stepped into another universe even though i've been trading for some time..............

i understand a 3 tick chart
and a 22 tick chart
and a 110 tick chart

but how do you get them all on one chart?

i use
tradestation and realtick for charting
and transact for execution

also the red blue lines......... what are they?

i'm brand new to the forum and am guessing u guys are using a different charting package

i'm ct from Welcome To The Christian Financial Radio Network

please enlighten me so i can enlighten my listeners

blessings

[walterw]

Well cfrn, I am pleased to hear from you, Thought we are not supossed to make any religious commentaries on this forum but I think I am free to express that I am from your same christian belief...

As to the 3T chart... you can use it or not... its just an increment on your visual perception of whats happenning inside the futures price action... some people prefer not to see to much whats happening in that "noise" inside...

The true pattern I discuss here is the M pattern wich gives you an excellent RRR and it responds to a great reality that the market is most of the time in a cyclic performance (80%) more than a trending performance... so in that cyclic performance M`s come on the way to give you multiple oportunities to trade...

One of the ways to detect this M`s is with the "triggers" red/blue lines, they are a Linear Regresion Curve (or Least square Moving average) 20 and a signal exponential average 5 of the previous one... all this in a 110T chart... now I traslate this to a 3T with this parameters: 740/185 so you got an indicator from 110T in a chart of 3T.... dont need to be looking at a 110T chart...

In previous posts from this thread you can see how I look for M`s with this lines...

on the other hand I am developing an easier way to trade this M`s and just using a 22T chart that I will share soon on this same thread... cheers Walter.

[cfrn]

Thx Walter.

Do you know if this can be set up on a Tradestation Chart?

Thx
CT

[walterw]

Yes CT, when I share my new strategy I probably will share tradestation indicators too... cheers Walter.

[cfrn]

Great!

I gave it a whirl and came up a few fries short of a Happy Meal.

I'll be waiting............

Thanks Walter

[walterw]

Ok, so I am back for some more Technical Analysis.... this is in relation to M trades... maybe we could rename them as pullback trades, because this trade actually pretends to pullback to the triggers in order to take the trade at this "sweet RRR spot"...
I attach again some examples of this trade... let me recap the entry secuence: _1rst we cross the triggers (blue /red lines) _2nd we pullback to them... (entry area) _3rd Stop is above/below triggers and _4th our trail is the triggers until we crooss them again...

[walterw]

Some more examples using 22T chart.... I might say that it looks easy but it takes a lot of screen time to master it...