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I ONLY trade from 9:30 to 11:30 and 2:30-3:30 ET. This historically shows the highest PE for me. That is the key to all success IMO. You MUST be willing to record at a minimum 50 trades to determine if the system is truly profitable. This must be forward testing in real-time (not...

You bet! Keep up the good fight and it will happen. Here is a link to a decent blog that has a good post about expectancy and it's calculation. What really helped me was that once I completed those 50 trades religiously following my rules, I was able to see that overall the expectancy was...

I posted above but also wanted to share two excellent videos on MA strategies from CBOT: http://accordent.powerstream.net/008/00102/cbotarchives/070607_person.wmv and http://accordent.powerstream.net/008/00102/cbotarchives/070614_person.wmv --Chris

I trade the 2500 tick chart. I use a MESA adaptive MA. A basic description from the internet: The MESA Adaptive Moving Average (MAMA) adapts to price movement based on the rate of change of phase as measured by the Hilbert Transform Discriminator. (Stocks and Commodities, Dec. 2000, p...

TraderZones: I would share from my perspective that trading [mechanically speaking] is very simple. If you use a simple MA strategy with NO other indicators you will do fine. Having said that the trader MUST learn to accept a loss as part of the business. As long as you are managing it as...

Here is a link to three videos Jeff Quinto did for the CME group. I think they are very well done. At the end Jeff gives an example of his trading plan and offers a simple template you can download. As I wrote in my post earlier, following my rules CONSISTENTLY was the key to consistent...

Sorry about that. Yes the 5-7 days is when I'm using it for swing trading on the daily chart. The 1272 tick chart bases it of the intraday bars. essentially a setting of 5-7 either way. The key if you decide to trade strictly off the ATR volatility stop is to not change the time frame or...

The setting is 2.5 X the ATR with a 7 period look back. ATR is based on price action so it adjusts dynamically as volatility changes. You can use it as both trigger and target which would essentially be a stop and reverse method. I do not use that method. I use volume value area lines (VAH...

I had missed the "2 ticks" of profit. Lot of work and risk for 2 ticks. Take a look at that ATR stop I posted. You could be hanging in there for 4+ points per trade with this approach. Hope it helps ---Chris

Here's an example of what I am speaking of. This is Friday's chart: You'll see a MESA Moving Avg. and an ATR volatility based stop (light blue and red) http://www.sierrachart.com/userimages/upload_2/1258327614_14_UploadImage.png --Chris

I was not critiquing your method just some suggestions. I agree S&R is really all that is needed. The "price action" approach is often quoted but ultimately seems to be a poorly defined exit over the long haul. That is where ATR comes in as you can set some realistic targets based on recent...

If there were a Holy Grail..... Of course there is not but these rules are the basis for success in trading IMO. For me in the early years I would have hit/miss success. My method/plan was simple & sound but eventually [a trade would occur] in which I would abandon my stop rules and...

Historically trading with a version of a MA crossover and/or one MA with price closing above/below the MA as your trigger has shown to be the most consistent method for a positive PE [profit expectancy]. Look at the 5-7 day ATR to determine your required stop size. If the stop size required is...