A few of us are already posting this method in our journals, thanks to Mike showing us how he is using it. The hope is to create a focus thread where we can all talk about our trades using the futures.io (formerly BMT) Envelopes (bands) with the futures.io (formerly BMT) CollectiveMA (collective). I am looking forward to the 2.0 upgrade Mike and any/all improvements after that.
I attached my screenshots of my trades this week. Currently, I watch the bands and the collective on CL with a 12 and 36 range chart. Others are using the 5 minute, 15 minute, and 60 minute. I only take longs above the collective after price touches down on it and target 12 and 24 ticks with two contracts, using the bands as S/R levels, and vice versa for shorts. I am trying to decide if I will add a third contract as a runner or not. I will look to the 36 range chart to find the long or short bias. I also have the previous day's high and low drawn manually on my charts, as well as the weekly classical S/R levels from dailynotes.com.
I am looking forward to incorporating the slope of the collective into my trading as well if that becomes an option with the indicator.
Those of you who have journals...feel free to just link us to your posts there if you don't want to re-post the same thing more than once. I just wanted the method in one place so I can watch everyone's style develop with this idea and thought others would appreciate it too. That's the idea of the Elite Group Trading Methods isn't it?