Using @Pex

[Wanderer]

The first signal at about 11:07 PM never opened above the Value Area High (VAH). That's important because Price often gets stuck in the top and bottom of the Value Area. Also the Volume was below Expected. The second signal looked good in all respects except the bottom of the Range box on the Price Action was never below the bottom of the previous Range box. I adopted this rule because in my visual back testing the trades that failed sometimes display that weakness. So I took no trades in Wednesday's market.

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/53e2c198-4c82-480d-ada9-20cd24065bdb/2014-08-28_1610.png

Edited August 29, 2014 by Wanderer

[exp48967]

Wanderer sent you a PM.

[Wanderer]

Wanderer sent you a PM.

 

Clear your inbox. It is full.

 

W

[exp48967]

Clear your inbox. It is full.

 

W

 

cleaned \\m/

[Wanderer]

In Thursday CL Session Price made its move in the Premarket. My rules state that I don't trade in the low Volume of the Premarket. But in this case the Actual Volume was consistently above Expected Volume. I think in this circumstance it is a safe trade to take. The Trading Rules are still liquid at this time and wont solidify until we see them work consistently.

 

Remember, the objective is a consistent income. We are not trying to master the markets, become a super trader or impress anyone. We are attempting to be the 10% who succeed in taking money out of the Markets, consistently. That will require consistency in Trading, based on a consistent set of rules.

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/b9b113b8-a05e-4be5-a998-6d37f4cc7fa5/2014-08-29_0005.png

[exp48967]

Which futures you monitor?

 

Do you monitor them at the same time or switch if don't find a good trade?

[mdal86]

this look really great

thank you for taking your time out to share this with us

[Wanderer]

this look really great

thank you for taking your time out to share this with us

 

Thank you.

 

This system is for someone who doesn't want to become a professional trader, but just wants an income, spending only the morning session trading.

 

Let me know if I can help.

 

Good trading, W.

[Wanderer]

Which futures you monitor?

 

Do you monitor them at the same time or switch if don't find a good trade?

 

I trade Oil (CL). It moves very well. I've decided to concentrate on a single instrument until I've come to know it well. I believe that boots confidence. This will help reduce fear and make trading more consistent and less stressful. Having done that I may move on to other instruments. But only if I need to, to achieve a modest income goal. Let me know if i can hep you.

 

Good trading, W.

[exp48967]

Wanderer do you have a pdf manual?

 

Thanks

[Wanderer]

Wanderer do you have a pdf manual?

 

Thanks

 

Sorry, there isn't one to my knowledge.

 

W.

[exp48967]

Thanks!

 

I don't understand this, can you explain me:

 

http://content.screencast.com/users/SN2005gl/folders/Jing/media/24472135-ef52-401c-a9f6-11d1f38039e5/2014-08-31_1950.png

[Wanderer]

Thanks!

 

I don't understand this, can you explain me:

 

http://content.screencast.com/users/SN2005gl/folders/Jing/media/24472135-ef52-401c-a9f6-11d1f38039e5/2014-08-31_1950.png

 

 

I'd be glad to.

 

Early on in my use of this system I did not understand the proper use of the Range sub-chart. So I changed it (reversed the colors, green to red, red to green) to make more sense to me. This was a mistake. I now understand its proper use. Start at the post below and read forward. That should bring you to where I currently am in my thinking. Questions and criticisms welcome. Do you have the Logik Volume Wand? I will be using it in my trading.

 

http://indo-investasi.com/showthread.php/24945-Using-Pex?p=340261&viewfull=1#post340261

 

Regards and good trading, W.

[Wanderer]

My confidence level in this system is such now that I've decided to not use the signals provided by the system. Instead I've decided to trade off of the Value Area High (VAH), Value Area Low (VAL) and Volume Point of Control (VPOC). I will do this using the Logik Volume Wand. It provides the earliest and safest entry points. In combination with the system indicators of Volume, Range and Deviations. This type of trading provided 4 high probability trade opportunities in the prior week.

 

You'll find that the charts are much cleaner and more intuitive. They are presented below.

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/192fbf48-995d-43a1-aa25-916cad57e31b/2014-09-01_1122.png

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/7b538763-9c30-42dd-95f8-7d7400c29163/2014-09-01_1128.png

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/81de925d-8763-4158-bd9c-6bdcea8c31d7/2014-09-01_1125.png

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/8dc891fa-6d28-4ba5-a21d-8ceb13ec45cb/2014-09-01_1136.png

[Wanderer]

Monday was Labor Day in the US. Tuesday's trading opportunities are depicted below.

 

It was an outstanding day for trading Oil. The first trade was during ETH. It signaled as usual after breakout of the Value Area Low (VAL) and the Deviation Level. I exited at the 1st Standard Deviation. Which in hindsight was a mistake. I was using the 1st Standard Deviation as an upper limit. Instead I shall use it as a Target. Once achieved if the Value Area again consolidates and the other indicators are in agreement, I shall take a second trade. Which was in this case during RTH. The total was over 200 ticks. The 3rd Standard Deviation being the final target. There was good reason to suspect this size of a move given Monday was a holiday.

 

The second option I have is to use a Trailing Stop. The Trade Manager has an ATR Trailing Stop built in that would have kept me in the first trade until the 3rd Standard Deviation and exited automatically. It gets the big moves but sometimes sacrifices the smaller ones for it.

 

I like this system. It is simple and consistent. Tuesday's take was well over $2,000 per/contract. Well worth the $200 subscription.

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/52f96b3b-e514-42ad-a308-33672ddad18f/2014-09-03_1007.png

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/0cc40404-5cb3-4494-bd15-7217dcbf7009/2014-09-03_1014.png

Edited September 3, 2014 by Wanderer

[exp48967]

How do you use the LWH?

 

Are you dragging from session start to last painted bar?

 

If I'm not wrong usually is used between highs/lows.

 

 

Thanks really useful posts and pics.

[Wanderer]

How do you use the LWH?

 

Are you dragging from session start to last painted bar?

 

If I'm not wrong usually is used between highs/lows.

 

 

 

Thanks really useful posts and pics.

 

Thanks.

 

I turn off "Current Lock Bar Height/Width". I then anchor the beginning of the selected area at the first bar of the Session. Make sure you pull the other side of the selected area to cover the leading price bar. This will create a real time selection and it will follow the price action. Then trade off of the VAH ,VAL and VPOC. The area between the VAH and the VAL should be avoided for entries. This is the area where the market is in general agreement about the value of the instrument and moves there are wandering, lacking commitment and follow through. I enter on the open of the bar which clears the VAH or VAL (not touching) and the supporting indicators are in agreement, (Volume, Range, Deviation). I put a yellow vertical line to show this agreement. I enter on the open of the next bar.

 

Recently I am experimenting with requiring the price to come back to the High/Low of the entry bar for Short/Long. These proxy bar bars seem to be dense with price action unlike others which may have little price action movement within a bar. So I am hoping I can get away with that kind of entry. It takes 10 ticks off of my stop loss.

 

I hope this helps. W

Edited September 4, 2014 by Wanderer

[Wanderer]

Wednesday's price action provided 2 trading opportunities. They are depicted below. As usual the yellow vertical line shows the agreement of the indicators. The entry is on the open of the following bar. I've zoomed in a little to give you a better look. Questions and criticisms are welcome.

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/abf0e42b-82e6-4f8f-8f3a-5201eec508cb/2014-09-05_1131.png

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/138cf544-6329-4427-87c1-f5e9417109c6/2014-09-05_1133.png

Edited September 5, 2014 by Wanderer

[Wanderer]

As I've stated earlier in the series, the real challenge to trading is not in getting the good trades. A monkey can make money in a bull market. And they have. The challenge to my mind is keeping the money - knowing bad trades when you see them and when to stay out of the market. To know when the market is giving money and when it is taking money.

 

I will post some charts showing how this system keeps one out of bad trades and bad markets.

 

W

[exp48967]

Moderated Message: Please use the 'Thanks' button in the future.

 

Thanks :)

Edited September 5, 2014 by FloridaTrader

[yamantaka]

@Wanderer, I take my hat off to you and I'm a bit envious. You see, I have ADD and charts like yours which require a decent amount of mental processing are beyond my abilities. It's great to see a trader use a method that can produce consistent profits.

 

All the best ad infinitum.

[Wanderer]

@Wanderer, I take my hat off to you and I'm a bit envious. You see, I have ADD and charts like yours which require a decent amount of mental processing are beyond my abilities. It's great to see a trader use a method that can produce consistent profits.

 

All the best ad infinitum.

 

I think if Einstein lived in contemporary times he would have been classified as ADD, since he was a poor student. He saw things differently than others. Ultimately it turned out to be a tremendous advantage for him.

 

I had a lot of trouble with math in school. They called me a poor student. Ultimately I discovered that I saw numbers not as weighted values but as symbols. Later on it enabled me to understand abstract concepts, better than most others who could add well, and was the basis for my success in my career.

 

Lets see if we can build something for you. If you would like to give it a try. Maybe we can start with a chart with only bars and a volume wand, and see what makes sense to you. That is the only criteria for success in trading - does it work for you. It doesn't have to make sense or work for anyone else. Your system only needs to make sense to you. You can characterize the behaviour of the market any way you want, as long as it works, for you. It is your system.

 

Are you by nature a patient person? Willing and able to wait for your setup? I know I'm not and have to work with that. But are you?

 

Regards, W.

Edited September 6, 2014 by Wanderer

[Wanderer]

P.S. I am not trading this system live yet. So I can't call myself profitable with this system. I am moving carefully because I don't want any surprises in live trading.

[Wanderer]

@Yamantaka

 

Does the chart below make sense to you? It is a pullback to major Resistance/Support which is a very strong trade. But you have to wait for it. The best trade to my mind for the patient. Scroll the LVW across the price action to see how the consolidation progresses over time. See if that progression speaks to you about what price is doing and what it might do.

 

The Apex system with the LVW is time consuming to visually back test. You have to do it with replay data (volume accuracy), while dragging the LVW across the price action, to see what opportunities there might have been.

 

* NOTE: Both of the Volume Wand left selection areas below start 1 bar too far to the left. They should start on the first bar of the Session, which is 1 more bar to right of where they are now.

 

W.

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/d5cd57e5-c7dd-4705-b4cf-344dfb18dfde/2014-09-06_1115_001.png

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/4fc992b8-cafe-4501-9e57-d3c45bdc8ae7/2014-09-06_1115.png

Edited September 10, 2014 by Wanderer

[Wanderer]

I think in your situation it may be advantageous to find a trade that works for you. Then when you see it, take it, and then be done with trading for the day. Want to make more money? Scale!

 

The statistic that I have heard, and I believe, is that many traders make money in the market, but give it back to the market. The casinos have such statistics.

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/74178120-e51e-4b0e-96ed-3872f6cba139/2014-09-06_1157.png

Edited September 10, 2014 by Wanderer