Trading the ES (E mini) December 2003

[china white]

matey any time no worries

best trend set-up - naz > 1% at time pivot, naz/dow > 2:1 internals without any neg divs across indices. 40 ema rule then.

but imagine a situation where it's 3:1 at time pivot with pos divs across indices banging about. u may not get a chance to buy 40 ema. then comp rsi oversld is a very reasonable L entry.

 

[stoploss please]

Tick 12/12

There was some good plays off the SOX today which made me have a look at Todays TickQ and I found some nice divergences.

The SOX generated entries came of SOX/MACD price action.

 

[stoploss please]

The SOX

With regards ths SOX I waited for the ES MACD to confirm what the SOX MACD had already indicated.

 

[stoploss please]

The ES

And the ES. A combination of TickQ, SOX/MACD, ES 40MA, and ES/MACD.

 

[china white]

not a particularly glorious day (Friday) was short biased after 1st hr in view of neg divs across indices and spx (an dow) making higher highs with ndx barely making equal. Gladly sold th UP @ 1072 on a tick neg div - then much harder. 69 was a nice cover and reverse to L for a scalp - but obviously it was more than that and shud've bn kept into the close

 

[stoploss please]

China

I was looking at both the NDX and the SOX and found that the SOX gave more clues and the patterens were more defined.

 

[a320]

Here's how the ES04H looks
For your viewing pleasure

Cheers a320

 

[china white]

Andy, of coz - SOX is the leader amongst the leaders (Naz)

 

[china white]

big pic

and - btw - this is how I c the big pic. 50% retracement followed by 127.2% measured move. Well allow a cupl of extra pts for Mr Sad Dumb

 

[china white]

even bigger pic

cud not stop myself from posting this - classic imo. 3 pushes, 3 corrections (2 on 50%, 1 - on 61.8% ish) and 3 perfect measured moves to 127.2% of the corrections. Wasn't Signor Fibonacci a great man indeed?

 

[china white]

which brings us to conclusion

that as we r at 50% retracement of the latest push already, 1063.75 (61.8%) must hold for this stairway to heaven :cheesy: to continue.

 

[frugi]

Someone may find some of this useful?

http://www.simple-as-123.net/simple/simpleas123.pdf

 

[sandpiper]

frugi,

Thanks for that link.

A pretty useful read actually. The ma set-ups are a bit naff (but some people might find them useful). The time zone stuff is good
though.

When you combine snippets from articles like that with other gems like Skimbleshank's segmentation of the session into 3 parts then you get something that's really very useful.

 

[stoploss please]

Tick 17/12

Not been around much which is why I have not posted. Anyway, just a quick chart of todays tick with the action thus far.

 

[china white]

very good analysis stoploss. I found buying LP in the afternoon the trickiest bit.

 

[stoploss please]

17/12, last bits

The last two moves

 

[china white]

alr8 all i am off not waiting for the close. 9:45 - all indices crossed their 240 and 600 ema - Bull Gorgeous day - shud've bn L @ 1076. Plus, u don't normally get PREM readings of -7 - 1076 was a screaming L indeed..... 10 pts so far (15:00 NY time) on the table.... out of which just a crumble in the bag

 

[stoploss please]

m8

What do you prefer. Trading off Tick set ups or days like today.

 

[china white]

127.2% again

m8 the thing is once the day is properly identified it shud be easy to trade it either way. personally i like no-trend days more when u usually walk out with more pts - however Thursday was a stunner wasn't it? all u had to do is trade ONCE!

btw - 127.2% measured move of the last retracement - AGAIN!

 

[stoploss please]

China

What are those MAs.

Ta