Here is the way i daytrade the Emini-YM

#32
Hi blades, here is a picture of how the trade would have worked on the friday that just passed with huge volatility. Hope this clears things alittle.

With kind regards
Bashir Naimy
Bashir,

do you have a requirement for the crossing of the stochs eg, the current bar has to close to confirm the cross, as in the above example the time the different time frames cross is very close?

also during these time of increased volatility do you not find that the 144 tick is to fast to fit in with the other time frames?

looks like a good system though and well done with your consistent trading.

cheers

bd
 
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bnaimy

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#33
Bashir,

do you have a requirement for the crossing of the stochs eg, the current bar has to close to confirm the cross, as in the above example the time the different time frames cross is very close?

also during these time of increased volatility do you not find that the 144 tick is to fast to fit in with the other time frames?

looks like a good system though and well done with your consistent trading.

cheers

bd
Hi Brutusdag, what i require is that the 10min stoch is showing a cross and kinda starting to hook back up, when it comes to the 3min stoch, i just wait for it to cross, it dont need to show me a very clear hooking up, reason is that the bigger timeframe that is the 10min, and if that is up then it will force the 3min to go up, and thats true almost 100% ofthe time in my case.

When it comes to the price and the bar have to close above the 89expon, i dont find that any helpfull, cause when 10min is with me and 3min is with me, it Always goes above , and if not on the first trye then defenitly on the second, u could do it the other way and wait for it to close above , but then u will get a bad fill and sometimes marked just shoots up and u are left behind, and since i only have 3-4 trades a day i cant let that happen.

WHen it come to the 144tick chart, i mainly now use it for a place to put my stop when going long or short, thing is that most of the time the 144tick 89expon ma is lagging behind the 1min 89expon ma, before a big move and when price does cross the 1min 89expon ma i put my stop a few ticks below the 144tick chart 89expon ma. If the 1min 89expon wont hold then usualy the 144ick chart 89expon holds.

But its not always that way, some rare occasion the 144tick chart 89expon ma is above the 1min 89expon ma, when that happens i just put my stop below the last swing low, if stop is to high , i will not take that trade.

So i dont use the 144tick for my main entry signal, but use it to get into the marked at lowers possible price, and then i use the 144tick chart 89expon as a place where i can have my stops at.The other thing i want to stress is that, i dont really ues the 144tick chart slow stoch that much, the madc is the thing that gives me the smooth moves and when to enter and when to get out. slow stoch can cycle severel times while macd still pushing up, cause stoch can be overbought and oversold for a long period of time.

Hope this clears things brutus, please ask if there is anything else u are wondering about .(y)

With kind regards
Bashir Naimy

ps: I noticed ur avatar, u are from norway right ?
 

bnaimy

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#34
Just wanted to add 1 more thing,i know that markeds are very volatile, but that is when the macd on the tick chart workds perfectly, but i would not use the macd on a 3min or other largertimeframes, cause then u would get a very high lagg. So with a tich chart macd is very reilable, u should test it out and see how that works. Even in the example pic, u can see how reliable the macd on the 1min is, its just a matter of sticking to it and having the larger timeframes on your side. Otherwise the benefit on the upside will be low and downside risk higher.
 
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the blades

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#35
Bashir,

Ever considered trading the ym but on european hours? Any drawbacks?

Cheers,
UTB
 
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#36
Bnaimy...

Sorry if I missed it, but you make no reference to the paramters used in the MACD, I did not see you mention it nor was it in any of your charts. What are the numbers you use on the 144 tick chart? Also it seems your system is highly discretionary. Thanks.
 
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bnaimy

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#37
Bashir,

Ever considered trading the ym but on european hours? Any drawbacks?

Cheers,
UTB
Hi blades,actualy its no problem doing that i was actualy thinking of this today. Since my working hours would be so much better.There are no drawbacks but there are needs for a few changes. The method itself would be the same, only thing is in premarked trading the volum is low and fills can get bad, so i would always use limit buys and limit shorts to get best possible fills. Other thing is that profit targets have get smaller, if u have two contracts then instead of 15 +35 u can use 10+20. Reason is that movments are not that larget in premarked,and stoploss should be put to 20 instead of the normal 30.Reason, not that big movments so stoploss can be tighter, and last reason for lower stops is moneymanagment, u dont want to risk to much to gain little profts.

I will actualy start trading the premarked from tomorow and see how that works out , im still working on trying to automate my method, still a work in progress, will post more info as soon as i get it.

Happy trading blades, and good night :D

With regards
Bashir Naimy
 
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bnaimy

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#44
Hi again, dide some trading today premarked with the same method, and the conclusion is that its not recommended.I am not saying it dont work, cause it does.

Here are a few problems i encountered during trading:

1: Alot of chopp, expect alot of spikes out of the blue, so stops would need to be high.
2:Volume is very low so stochastics and macd dont act as reliable as i though,and they can turn from
being very negative to going positive very fast. So that dont fit my style.
3:Trading speed varie alot, sometimes there is alot of activity and then its nothin for a long time, and tick charts are useless cause of to few trades.

So i will not recommend this style for premarked, it will work but will most of the time take alot of heat and give you a weak heart lol

Anyways, i will give it a few more days to see if there is any point in using it premarked, so far i had limited success with it, 2 trades so far with +10 +20 targets, but price come to close to my stops, and not really into that, hate taking to much heat on any trade.

I will try with different settings for macd and stoch for the premarked to see if i can make them more responsive.

Happy trading today :D

With kind regards
Bashir Naimy
 

Pat494

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Mar 27, 2004
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#45
Hi,
Have you thought of doing some live trades ?
and reasons why
Would be interesting

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