Trading ES (Q1 2004)

hillbillie

Junior member
29 0
stocs du jour

BTW is Voodoo Linda?


tip%20es%20210.png
 

china white

Established member
979 12
Voila - as Delboy wud say :)

Classic aberration day - L 1134 worst, even if u did not play tick divs on the way and just held it into the close - easy 12+ pts.
 

china white

Established member
979 12
fork stuff

I know some1 is gonna punch me with a fork 1 of these days :cheesy: but I think this is really important.

FIRST close above the upper bound of Inside Andrew's Pitchfork OVER THE COURSE OF THIS RALLY. Last time i recall that happening was back in 1997.

Well not exactly a McClose but damn close to it.
 

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ChartMan

Legendary member
5,580 46
HillBillie
There is no doubt about CCI working..... the real question is just how consistent is it? In the days when I used AIQ, I found it to be excellent in this respect. When I switched to Sierra Charts, there was a distinct difference due to the algorithm used to calculate the values. ( I had the use of both concurrently for a while). I never could get Sierra to emulate the AIQ version.
If you can say that you have used it over a long period, a year or so, and can also say that it consistently delivers, then all well and good .
I think we all know that Woodie uses it to very good effect every day to trade ES futures .
 

china white

Established member
979 12
CM - may I ask u a Q here if u hv a sec mate. I am postng it here as I think it'll be useful to all.

Firstly, by AIQ do u mean the software from www.aiqsystems.com?

Secondly, is AIQ channel to keltner chaneel what wolfenwave is to Elliott wave - a refined "tweaked" version - or is it a totally diff't calculation?

The reason why I'm asking is that in my younger yrs :) I had really bad experiences on Bollinger and Keltner channels. They r superb in markets jibbering around but IMO tend to give out contrarian signals on penetration when the price slides along its boundary - which is obviously those 10+ pts trends u really want to capture. Of coz u can increase the number of sigmas - but then its becoming a joke IMO - u will trade once a month :)

Do u reckon AIQ is any better in that respect? many thx mate
 

ChartMan

Legendary member
5,580 46
Yes, it was AIQ systems. I never did get to the bottom of it as AIQ didn't ( couldn't or wouldn't) confirm the CCI algorithm. It was most likely a tweaked version of their own. I know for a fact that they had their own version of RSI called RSI_AIQ......
No, I don't think it was any better or worse than anything else, except the platform was out of the DOS ark and there was no such thing as a smoth indicator lines- they were all "stepped" from tick to tick.
 

china white

Established member
979 12
HB - like I said i am no advice on CCI :) ask me about ticki-tacki and I'll be most helpful :)

CM - cheers mate. many thx
 

china white

Established member
979 12
1110 area

it is amazing to me how many "big picture" lads on various websites have started preaching on the sell side - and how quickly they turned around on their heels :D - quicker than a pro tango dancer :cheesy:

this is how I c it. A quick penetration of the upper bound of the pitchfork - after an extended parabolic run - was rejected, which is not too surprising at all. However, we r firmly within the upper half of the pitchfork channel with its center line providing strong support around 1110.

I DO THINK that 1110 will be tested next week - just to give the springboard for a run back to the upper bound - which at that time will be around 1160.

just my opinion of coz
 

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china white

Established member
979 12
1110 area (continued)

which is btw very consistent with 38.2% Fib retracement of the latest parabolic run - coming in at 1107. Plus (from the previous chart) 50ema/daily is also around 1110.

All this makes me think that 1110 is an exceptionally strong support and u'll get dippies all over the place slightly above it.
 

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china white

Established member
979 12
Fib anchor points

ok - anticipating some critique from those who call the choice of Fib anchor points a bit arbitrary :cheesy:

no matter how u define the starting point for the latest parabolic run - u get this mega-support around 1110 (1107-1114 to be precise)
 

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