lbr's holy grail

Quote from DblArrow:



I use a modified version of this on the bonds and notes (in conjunction with a couple other things) and find it to be quite nice. I also tried the ES, but not as good. I find the bonds and notes to trend better thus offering better success with this idea.

Make 'em pretty, Chris
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Bonds are definitely more suitable for this method . Would you give more details about your method ? Exchange of ideas ?
Thanks,
Walter
 
kserra: how long you been trading live bullets with holy grail? any negative weeks?

dblarrow: hey man. you still trading that BB scalping method?
 
Quote from kserra:

DblArrow,

What sort of risk to reward do you go for on the pattern you use ?
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For better or worse I don't really use a risk reward %. I try to watch and see if I get a reversal signal or if I am satisfied with profits take them. I try to take some off after a couple of ticks and move stops up - sometimes to soon as was the case today. Stop on the bonds is generally at 5 ticks and on the notes at 6 ticks.

Make 'em pretty, Chris
 
Quote from Walther:



Bonds are definitely more suitable for this method . Would you give more details about your method ? Exchange of ideas ?
Thanks,
Walter
More...

Just to make this easier I have included a chart of the ZB.

1 - a trade I took, prices crossed the 20 ema came back down and moved up. My sto's confirmed the trade.

2 - a trade I also took, was a little more anticipatory but prices crossed up and tested and failed to go below the red down bar, then sto's followed along. As noted in previous post I move stop to B/E to soon and was stopped and failed to reenter. did get 1/2 off for a couple tics so made some $

3 and 4 - I was not around for but are good examples of what I look for.

Hows that?

Make 'em pretty, Chris
 

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Quote from traderkay:


dblarrow: hey man. you still trading that BB scalping method?
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traderkay,

Not to much, it is to much of a countertrend method and unless one does big volume the rewards are not as good. I basically use the same stuff minus the BB's on the bonds and notes. (see above post) That is where I started and just feel more comfortable there.

Chris
 
Traderkay:

I have not gone live yet with the methodology, I have some experience trading it via swing trading and do some intermittent day trades via SPY but am limited by the PDT rule. My experience in swing trading was that I just about brokeven which I considered pretty good because it was at the beginning of my trading career and a good portion of it was during the past summer (not the easiest time to be trading a momentum based system). I ended up quitting swing trading though because I found I am far too impatient for swing and enjoy the shorter time frame much more.
 
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