Technical Trading Setups Journal

cornix · Mar 14, 2012

Quote from Xspurt:

There's a few of us that trade together and we see the real trades. Not wanting to be selfish, we try to help some others by demonstrating trade set ups while not giving the edge away. These are excellent set ups that will improve anyone's trading but on ET we get gentlemen who can't even see a technique when it is demonstrated over and over again. Instead of investigating and trying they take the fools route and trash talk.

It results in good folks stopping posting and in time it will end up with ET being a center for junk traders who wouldn't know a set up if it had a fog horn with it.

How pathetic.

Ya, so funny to trade with some real good traders all day long, see their trades (and they see yours) in real time and even called in advance to be then challenged here.

samus · Mar 14, 2012

I"m going to offer up one of the easiest and most successful trade set ups out there. I didn't create it, it's been around for years and it's a proven winner. Some of you might know it as the floor trader method.

I rarely use TA but if newbies out there need something on their chart, slap a 9 and 18 day EMA on a chart, wait for the crossover which will identify the trend, enter trade (long or short) on the first retracement to the 9 day and go with the trend. Test and modify with your own exit criteria. Note: highest probability of success is the first retracement. Prices move in waves... this just exploits it. Thats it.

Now having said that, there will be those that will argue, redefine, criticize, etc... so be it. It works, if you don't like it or don't want to use, fine. You've been informed. It's now up to you. It's spelled out for you, google floor trader method for more details.

cornix · Mar 14, 2012

Quote from samus:

I"m going to offer up one of the easiest and most successful trade set ups out there. I didn't create it, it's been around for years and it's a proven winner. Some of you might know it as the floor trader method.

I rarely use TA but if newbies out there need something on their chart, slap a 9 and 18 day EMA on a chart, wait for the crossover which will identify the trend, enter trade (long or short) on the first retracement to the 9 day and go with the trend. Test and modify with your own exit criteria. Note: highest probability of success is the first retracement. Prices move in waves... this just exploits it. Thats it.

Now having said that, there will be those that will argue, redefine, criticize, etc... so be it. It works, if you don't like it or don't want to use, fine. You've been informed. It's now up to you. It's spelled out for you, google floor trader method for more details.

Ya, good one for sure. Classics of the classics. I use 20 EMA for the same purpose (or simply price action sometimes, when swings are obvious).

samus · Mar 14, 2012

Quote from cornixforex:

Ya, good one for sure. Classics of the classics. I use 20 EMA for the same purpose (or simply price action sometimes, when swings are obvious).

Yup Corn.. if newbies would just use that one setup and nothing else, master it, chances are they would succeed. Without a shred of doubt, you could make a living off that one setup. It's about as easy as it gets but I guarantee you there will be those that will make it harder and more complicated than it really is.

clightmarathon · Mar 14, 2012

Quote from cornixforex:

Hmm, that last BSOT was a short trade... Or you mean different long entry?

Ok. I got it. Misunderstood your chart.

clightmarathon · Mar 14, 2012

Quote from samus:

I"m going to offer up one of the easiest and most successful trade set ups out there. I didn't create it, it's been around for years and it's a proven winner. Some of you might know it as the floor trader method.

I rarely use TA but if newbies out there need something on their chart, slap a 9 and 18 day EMA on a chart, wait for the crossover which will identify the trend, enter trade (long or short) on the first retracement to the 9 day and go with the trend. Test and modify with your own exit criteria. Note: highest probability of success is the first retracement. Prices move in waves... this just exploits it. Thats it.

Now having said that, there will be those that will argue, redefine, criticize, etc... so be it. It works, if you don't like it or don't want to use, fine. You've been informed. It's now up to you. It's spelled out for you, google floor trader method for more details.

+1

I did not know it was called floor trader method, and invented it myself

. After lot of pain of course. But you are right it is a very effective setup.

oilfxpro · Mar 14, 2012

Quote from Xspurt:

There's a few of us that trade together and we see the real trades. Not wanting to be selfish, we try to help some others by demonstrating trade set ups while not giving the edge away. These are excellent set ups that will improve anyone's trading but on ET we get gentlemen who can't even see a technique when it is demonstrated over and over again. Instead of investigating and trying they take the fools route and trash talk.

It results in good folks stopping posting and in time it will end up with ET being a center for junk traders who wouldn't know a set up if it had a fog horn with it.

How pathetic.

You are a gentleman and a scholar of trading for noobs

oilfxpro · Mar 14, 2012

Quote from clightmarathon:

+1

I did not know it was called floor trader method, and invented it myself . After lot of pain of course. But you are right it is a very effective setup.

Stooge of Al Brooks ?

Eh?

SteveH · Mar 15, 2012

Quote from samus:

I"m going to offer up one of the easiest and most successful trade set ups out there. I didn't create it, it's been around for years and it's a proven winner. Some of you might know it as the floor trader method.

I rarely use TA but if newbies out there need something on their chart, slap a 9 and 18 day EMA on a chart, wait for the crossover which will identify the trend, enter trade (long or short) on the first retracement to the 9 day and go with the trend. Test and modify with your own exit criteria. Note: highest probability of success is the first retracement. Prices move in waves... this just exploits it. Thats it.

Now having said that, there will be those that will argue, redefine, criticize, etc... so be it. It works, if you don't like it or don't want to use, fine. You've been informed. It's now up to you. It's spelled out for you, google floor trader method for more details.

Have you ever heard of one called "The Sargeant J Trade"? I bet kiwi_trader remembers that one. I can't even find it on Google. I'll try to dig up the definition off of an old computer to make sure I get the explanation right.

cornix · Mar 15, 2012

Quote from SteveH:

Have you ever heard of one called "The Sargeant J Trade"? I bet kiwi_trader remembers that one. I can't even find it on Google. I'll try to dig up the definition off of an old computer to make sure I get the explanation right.

A few years ago kiwi_trader shared one system with me, also based on EMA's, but don't know if thats "The Sargeant" or not.