Trading the ES (E mini) December 2003

[stoploss please]

The bare bones

China

Todays two big moves.

(a) Short after LL/LH in uptrend.
(b) Long after HH/HL in down trend.

The LH in uptrend and HL in uptrend are pure scalpes against the trend.

Would you think that these rules can be applied in a trending market.

Ta
Andy

 

[china white]

04-12

wicked day again :cheesy: final trade - out @68

a very self-explanatory chart.

yellow lines - courtesy of Stoploss. very good analysis matey.

pink lines - Mark_m - trying to test your interpretation of divs. U can c that on the early one, u'd actually get a much better entry from the following "proper" tick div, on the late one - it was spot-on, especially if u were scalping the bottoms (like myself) and looking for the 3rd L entry. definitely an important thing, at least a comforting confirmation - but let's test how we can use it best.

 

[china white]

matey - if it's an up trend day @ 10:30, it's either Buy UP or Buy Key average below, usually 40 ema/5min. if at 13:00 time pivot it is STILL an up trend (from internals and tech leadership), same applies for the afternoon. Tick divs (per system) r secondary confirmations on a strong trend day or just scalps 🙂. They become the primary ones either on a non-trend day, or on trend reversals at 13:00 time pivot.

 

[stoploss please]

China

Did you see that last retracement. The MA did not make a LL even though the tick. Then we blasted up again.

 

[china white]

wasnt trading that mate. IMO @ 1068 where I left, a S with stoploss of 1.5 pts and trgt of 1.5 pts wud've bn a nice scalp.

 

[stoploss please]

Todays Tick

This is how I viewed the action.

 

[mark_m]

Excellent day - Superb analysis Stoploss!

China - I took your Tick/MACD of Tick div at 1450 today - then used my reverse div to calm the old nerves and stay in till 69.
Great combination I reckon - but lets see how it performs on a trending day - I reckon that might be where its the most useful.

I agree about the earlier rev div @1015 - I took it then it started looking dodgy so I jumped out for -0.5, only to see a proper div deliver a few minutes later and off it went skywards 😱
No probs though - there's definite mileage in this...

Keep up the great work boys.

 

[stoploss please]

mark_m

Sorry mate. Can you do me a favor and post a quick Tick chart. I just want to confirm that you are reading it the way I am.

You can see my analysis above yours.

Also, welcome to our growing band of brothers. I agree, this is paying off.

Cheers
Andy

 

[stoploss please]

China

My MA set up is a 2 minute OHLC/4 on a 5 minute chart. I am getting confused with your two bar thingy. Isn't that a Twix.

 

[73sand]

Has anyone had a stop in the market and not been filled? Jonny T had a post on a sierra thread on native and non-native orders. What do we think?

 

[hillbillie]

BIX again

Still don't get why bix and not bkx, if you go to stockcharts below and compare candleglance charts (bix to spx, bkx to spx, bix to ndx , bkx to ndx etc etc) To my untrained eye it looks like bkx wins hands down.

Comments pls.For some reason the url you get isn't the same as the one I've typed!?But it should work(ish)

http://stockcharts.com/candleglance?$BIX,$Spx,$BKX,$Spx,$BIX,$NDX,$BKX,$NDX,$Bkx,$COMPQ

 

[stoploss please]

HB

Interesting stuff. I will give it a try.

Cheers
Andy

 

[stoploss please]

Projection

Hi

This is what I have. On the Fib extension, what do you guys have. I am getting into a muddle.

Cheers
Andy

 

[mark_m]

Andy

here's a chart showing the Reverse divs I mentioned earlier (I took out the normal divs to keep it tidier).

Cheers Mark

 

[stoploss please]

Cheers Mark

1. HL momentum play.
2. LH momentum play.
3. HL momentum play.

We are seeing the same things but in a slighly different way. Thats why my chart looks like a spiders web.

Andy

 

[stoploss please]

I think I have sussed out the extension levels.

1.382 = 1092
1.50 = 1097
1.682 = 1105

T2W addict.

 

[china white]

Mark_m

just a quick note - I think on yr chart the first thing u show is actually a 'proper' tick pos div - a Reverse tick div hap'd just b4 that. take a butcher's at my tick chart from y'day posted above. or am I cocking it up? 🙂

Stoploss - mate we r using the same MA I am sure - apart from volume bit of yrs. but it's not 2 min - it's 2 period which on 5min chart would be 2 5 min bars - 10 min MA. It's like 40 ema/5min MA on index is actually a 200 min MA, right?

 

[stoploss please]

Mate

I looks the same and we are getting the same results. Basically you are saying is the smaller the time scale the larger the period in the indicator or MA.

 

[china white]

say 5 ma/2min = 2ma/5min = 10 min MA 🙂

mark_m: yr rev div in the making. interesting. let's c how it works now.

 

[stoploss please]

China

I am watching for a LH ema and then start shorting. The SOX is showing some strength.

HillBillie

The Phili Bank looks interesting this morning.