Trading ES (Q1 2004)

[hampy]

Thx guys,
I'll spreadbet @ £1 per point (10th ), for the next couple of weeks to get a feel for it.
hampy

 

[Finirama]

Still convinced that we have changed trend yet...two bounces of the 100ema on the ten min chart.

For me, we would need to close above 1,142 b4 changing trend.

 

[Finirama]

OK....so a change of trend it is...but is looking overbought no?

 

[frugi]

Firmly knocked back by the Pitbull (10 day EMA) and R1 upper pivot at 1144.50. Will the internal down trend at 1140 hold?

 

[Finirama]

Nice one!!

 

[stoploss please]

mark

The trend line breaks have not let me down yet but you have to wait for the set up on the ES such as 123's and the position of the price in relation to the averages. I am also keeping a close eye on volume and support and resistance.

I know it is not a straight forward answer. There are a lot of variables but the more you trade, the easier they become to manage.

I would say this way of looking at it is similar to China's. Give it a try.

 

[frugi]

Inv H&S target reinforced by fib extension?

 

[frugi]

Desperately seeking confirmation bias ...

1156 target again.

 

[stoploss please]

mark

I spoke too soon. Today has been naff for me.

 

[stoploss please]

yuk

The tick gave me nothing today. All I can see is a large 123 pattern at 61% retracement. The flatness of the ma's should have warned that today would not be good for me.

 

[stoploss please]

Just to add, no trades today as I could not see any thing.

 

[hampy]

Hi, 2 trades today from Tick Divs

 

[Finirama]

Looks like a bearish consolidation over the last two days to me.

False break of the triangle on the upside at 8:30ish was marked with a 2 peak negative divergence of RSI.

Triangle break target of 1,135 ish, and if it is a pennant from the 1,159 test, target is 1,121.

 

[Finirama]

Oops,

Should have added, if its a break on the upside of the triangle, target is 1,154...but i'm sure you all knew that anyway!!

 

[hampy]

Bought the LP on Tick/ES div, Target the UP. Took profit of 3.3 via an OCO order, pretty happy with this trade.

Soon after short on neg div, debatable MACD, stopped out pretty quickly for - 1.7.
With hindsight over this sequence Tick had hardly been below 0,
therefore, expect only a scalp for 1 - 1.5 pts.
As I'm using SB to trade. 0.5 spread, almost impossible to do.

Overall reasonably happy with + 1.6 on a difficult trading day,
and more knowledge acquired.

Cheers, hampy

 

[hampy]

China, quick Q
Identified a no trend day, should I have sold the UP at 1100ish,
without an accompanying Tick div?
Thx, hampy

 

[Finirama]

The Bigger Picture!!!

 

[anmolway]

finirama what software do you use to get a rsi MA as esignal doesn't have that.

thanks

 

[Finirama]

Hi Anmolway,

Sorry for the late reply, logged off soon as 1 posted the last chart.

I use Sierra Charts ($80) and mytrack (£20 connection) as the data feed.

 

[Finirama]

Anom,

Here are the links

http://www.sierrachart.com/
http://www.mytrack.com/

Good thing about mytrack is that most of the index data is free and u don't need to open a trading acct