Trading ES (Q2 2004)

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  • waste of typing time. pls trade your ideas in silence :(

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china white

Established member
979 12
60 min

a bit concerned with these higher highs increasing at same small increment - which is usually not too good for bulls. However, macd is not making lower highs - equal rather - which is of coz STILL a neg div BUT think in these terms - ES is still travelling at same velocity with no acceleration or deceleration..... a true bear wud want 2 c deceleration really.

still convinced buying volatility on strangles at the recent dip in volatility is a good trade. my delta here is slighly negative and i like it this way :)
 

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stoploss please

Established member
780 10
Off in a tangent

China, have you ever thought about using a point and figure Tick chart. I think it cuts out a lot of the noise but needs tweaking.
 

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china white

Established member
979 12
stop - excellent idea! i am not that fluent in P&F tho - can u quide me as to how it wud work on Tick? what time span wud a "circle" or "cell" (dont know the official name in P&F) represent?
 

china white

Established member
979 12
60 min

now really interesting. look at macd - same velocity...
 

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stoploss please

Established member
780 10
P&F

China

Reading up on P&F over the weekend. I suppose the idea is to try and eliminate random noise. I have given each unit a value of 100 ticks.

What I am looking for is new highs and new lows in the tick . You can also see support very clealy on this tick chart. Divergence is also there.

I am going to run both chart types over the next few weeks. I do believe it is worth investigating.
 

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stoploss please

Established member
780 10
Tick P&F

I tried a 5 minute chart will a 100 tick box setting but found it too slow. The the one minute chart we too quick. The two minute chart with a 25 tick box size looks promising.
 

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stoploss please

Established member
780 10
P&F 5 minute charts

Getting to grips with this P&F. Here are the plays.
 

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china white

Established member
979 12
Friday system choke

ok I have to admit the sys choked on Friday :mad: in the sense that from starters index crosses were up trend indicative, they were so at 10:30, 13:00 and strictly speaking even at 14:15 time pivots. XBD was hinting things were not that rosy :D - however, thats a secondary cross, and otherwise - it looked as a trend up day.

I was lucky in the sense that I smelled something was rotten, like on that super spike on March 5th before open - sold my1150 June calls right when options opened and entered into a short futures position, essentially doubling my Short from the puts.

I am still convinced index crosses r key in determining how the session will evolve, but I now have 2 sessions this yr so far (friday and that march 5 spike) when trading on them wud be suicidal. Well 2 muck-ups in 70 sessions is not that bad :cheesy: but def food for more thought.

ALSO - once I noticed that i shorted exactly where "dark siders" wud short (see chart) I tried to keep an eye on their line of thinking throughout the day. I AM IMPRESSED!!! And my hat off to Skim and others :cheesy: I am NOT YET a dark sider and perhaps will never be one, since I see the power of Tick divs and MACD (thx to voodoo) - but from now on I will def use the "dark side" as AT LEAST an extra comfo for my trades. Thx to all u lads and lasses :idea:

Look at how point fat the day was:
 

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mombasa

Established member
561 1
nice post china - must admit, the dark side looks more and more attractive ....
 

RobinT

Newbie
2 0
China, I am new to this board and would be grateful if you could point me to where I can look up your terms such as HL, HH and Maribozu. Also, who are the "dark siders" and where can I read about them. Thanks.
 

mombasa

Established member
561 1
RT, HL = Higher Low, Higher High - All TA related.

Maribozu is a type of candle / bar in charting.

look thru this site or pick up a TA book or browse the web - here's a good site :


http://www.spytrdr.com/charts/

scroll to the bottom for TA
 

mombasa

Established member
561 1
China, if u have some spare time, can u talk a little about index crosses and how u use them to determinetrend and non-trend days pls?

Cheers
 

china white

Established member
979 12
very ruffly mate - if comp/dow and ndx/spx > 2:1 its trend. if on top secondary crosses sox/comp and xbd/spx show leadership - u've got full house :)
 
 
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