Trading ES (Q1 2004)

china white

Established member
979 12
I am going to pick the ball with this new thread - Trading Spooz in the 1st quarter of 2004.

As for my 1st post - remember I was faffing about :cheesy: Andrew's pitchfork analysis before - we just had a classic bounce off 1142.5 - its current upper bound today.
 

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china white

Established member
979 12
today's moves

short in the 1st hour at about 1141 - on screaming neg divs across indices: NDX/SPX and especially SOX/Comp. BEWARE tho - BIX strength is pointing to further upside.

Rev to L at 1134.75 - a tricky tick pos div, but given overall NO-TREND day with neg SOX secondary cross - u already expect to buy BELOW 1st hour Lower Pivot.

later on - a failed tick neg div - Rev to S and out flat and a further "real" :cheesy: tick neg div at 15:00. As shown on the chart a clear clue later on from Tick's momentum where to cover Short. Which Mr China White did not do and ended up flat on the 2nd Short :cheesy:
 

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china white

Established member
979 12
btw lads/lasses - just crossed me mind - we had a "minor change" of +0.12 on McClellan Oscillator on 16/01 - I hvnt got the numbers for Tuesday yet - but anyway thez a SIGNIFICANT chance of McClose on Wednesday. Especially if it turns out that last session's change was another "pos minor change". Keep yr eyes open :)
 

china white

Established member
979 12
skim - just changed me avatar to show respect for the dark side on this thread! :) and to avoid further accusations of scratching me nose extensively on tick divergencies :)
 

china white

Established member
979 12
well McClellan for Tuesday was +4.55 - not exactly 2 "minor changes" in a row - but I am still seeing a reasonable chance of a McClose today.
 

china white

Established member
979 12
mate it is usually a 1% plus on the close strong trend day, with a 75% chance of the trend being in the direction of the "minor change", and a 25% chance of the trend being contrary.
 

mombasa

Established member
561 1
lovely stuff china :)

PS Bonus day today - ppl seem happy - only day in the year when us contractors feel left out :)

all the gossip in the pub later ......
 

hillbillie

Junior member
29 0
Re: careful with MACD divs

Hey Linda's in the club too!!( followed voodoo, KingCambo, Scamman amongst others)

CCI and MACD plus Fib confirmation do seem to work but not on weak trend days.
 

china white

Established member
979 12
mate to be honest I dropped CCI long time ago - even tho I do know CM uses it brilliantly - it is just not my cup of tea :)

HB - in our sys thez no such thing as a weak trend. At any particular time pivot it is either a trend or a non-trend day. Non-trend => Tick is the primary indicator. Trend => follow the trend on pullbacks to Naz 40ema/5min.

There is however a twist called aberration. But thats a completely different can of worms :) personally I'd say dividing trends into strong, medium and weak - is just overloading your trading sys. IMO of coz :)
 
 
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