US Markets: Real-time Trading [Archive] - Page 10

TreeShaker

11-14-2007, 01:30 AM

Pegasus,

I know this is the MTP Forum, but I noticed on your chart that you are using Decision Bar. Is this the Decision Bar System by Les Schwartz on www.decisionbar.com. If so, can you briefly give us your professional opinion of using it in conjunction with MTP?? If you find it unacceptable to use this forum, can you please private message me?
Thanks in advance.

Ken

I would like to know also. A person should have the very best toys. Especially if they can help make money.:p

d-day

11-14-2007, 08:48 AM

seems to me the STF is getting a bum rap - looks like it did a good job of picking out the waves leading to the ts2 and nailed the end of wave5

j

Hi J,

I agree - STF is a very good momentum indicator, especially when applied to an elliot wave-type trading methodology such as MTP. That is, of course, why Steve wisely selected the STF as the indicator of choice, especially for new MTP trader's.

Eddo

11-14-2007, 12:05 PM

Hi All,

Almost falling asleep here ;) but I have the Russell pulled back to around the 0.382 fib on my 5 and 15 min, the Trin about Neutral and the 5 min ADX starting to look negative. Anyone else feel we might have just had a Short covering rally yesterday ?

Chris

Eddo

11-14-2007, 12:18 PM

Eddo

11-14-2007, 12:53 PM

No sooner do I speak than we get a potetial Long setup on the SPX :confused:

Well - so far so good - will it make the first DP tgt :)

d-day

11-14-2007, 01:08 PM

Well - so far so good - will it make the first DP tgt :)

That may depend upon what the EURJPY does with the TS4 long on the 5 minute chart with which it is currently struggling. As goes the EURJPY, so goes the US Stock Indices.

Eddo

11-14-2007, 01:13 PM

That may depend upon what the EURJPY does with the TS4 long on the 5 minute chart with which it is currently struggling. As goes the EURJPY, so goes the US Stock Indices.

Yes very true - take a look at the EURJPY for a clue as to where the US stocks are going - I think we are on the same sheet David

Eddo

11-14-2007, 01:23 PM

Hmmmmmmmm :confused:

Eddo

11-14-2007, 01:28 PM

Hmmmmmmmm :confused:

Thats seems to be resolved - onwards and upwards I hope :) ........... or have I spoken too soon ??

d-day

11-14-2007, 01:44 PM

Hmmmmmmmm :confused:

Anything is possible ... but then again, that's what a trailing stop is for. Ask yourself this - If you were not already long, what would you do with that DP short signal? If you would take it, then why not make the DP entry stop a stop and reverse? If you would not take it, then stay long and trail your stop.

Eddo

11-14-2007, 01:48 PM

Anything is possible ... but then again, that's what a trailing stop is for. Ask yourself this - If you were not already long, what would you do with that DP short signal? If you would take it, then why not make the DP entry stop a stop and reverse? If you would not take it, then stay long and trail your stop.

This is where I'am at

Eddo

11-14-2007, 01:51 PM

This is where I'am at

Out - +1.6R :)

The decision to trail the stop was simply because I had the TRIN, SFT and ADX on my side - well I reckon I did !

jjc

11-14-2007, 01:58 PM

Anything is possible ... but then again,

but then again...we could of just had a 'dead cat bounce' on the DOW :)

j

jjc

11-14-2007, 04:47 PM

but then again...we could of just had a 'dead cat bounce' on the DOW :)

j

Hmm, dead cats just don't bounce like they used too :)

j

tar001

11-14-2007, 05:25 PM

Good trade, the hard part was staying short through that DP :D

tar001

11-14-2007, 05:26 PM

oops this DP

Good trade, the hard part was staying short through that DP :D

d-day

11-14-2007, 06:26 PM

Good trade, the hard part was staying short through that DP :D

Nice trade Tar! MTPredictor at its best! I was on the phone with my dad when and I drew the parallel trend channel on the 5 minute YM. The auto-DP gave a yelp and I saw that the lower trend channel was about 100 points below. I told him to get ready for the Dow to make a 100 point u-turn. Amazing stuff. The best MTP trades are those such as this where you get a TS or DP (which by definition and design means price is at an important fib level) and price is at the same time sitting at a point of structural resistance/support, e.g. prior high/low or trendline, etc. I know I usually trade only the ER2 but this one was too tasty not to take a bite out of!:)

By the way, your stochastic setting seems to track the YM very well. It doesn't look like 5,3,3. May I ask what settings you are using on the YM?

And are you still trading the YM only? If so, how is it going so far?

Congratulations on that trade.

David

jjc

11-14-2007, 07:00 PM

Good trade, the hard part was staying short through that DP :D

Tar001,

Next time you get bored and are looking for something to do, try doing TLB (trend line breaks)...here is your chart with your own stoch but with some TLB off the stoch and price to give you an example of what I'm refering too

good luck with that

j

oh, and no problem with me holding my short position on the YM cause I use the DOW as a proxy for the YM

tar001

11-14-2007, 07:15 PM

Hey
Thanks, I was fully expecting the trade to hit the first price target(I was long from the TS setup) when I saw that red bar I quick looked for a manual DP and voila. I could see the clear stochastic divergence so I went from bull to bear real quick hahah
I like only trading one instrument, to ME its is too confusing to have too many charts going. Some days the Russell can be strong and the YM weak and vice versa. I figure you can only be in one trade at a time anyway to manage it properly and the Dow moves nicely, not such sudden jerks like the ER
as far as the Stochastic it is your settings, the 5 3 3 no wonder you like it so much
:D

Nice trade Tar! MTPredictor at its best! I was on the phone with my dad when and I drew the parallel trend channel on the 5 minute YM. The auto-DP gave a yelp and I saw that the lower trend channel was about 100 points below. I told him to get ready for the Dow to make a 100 point u-turn. Amazing stuff. The best MTP trades are those such as this where you get a TS or DP (which by definition and design means price is at an important fib level) and price is at the same time sitting at a point of structural resistance/support, e.g. prior high/low or trendline, etc. I know I usually trade only the ER2 but this one was too tasty not to take a bite out of!:)

By the way, your stochastic setting seems to track the YM very well. It doesn't look like 5,3,3. May I ask what settings you are using on the YM?

And are you still trading the YM only? If so, how is it going so far?

Congratulations on that trade.

David

tar001

11-14-2007, 07:19 PM

BORED? hahah its all I can do to keep up with the charts now:D I can never figure out where to draw the lines for the trend line

Tar001,

Next time you get bored and are looking for something to do, try doing TLB (trend line breaks)...here is your chart with your own stoch but with some TLB off the stoch and price to give you an example of what I'm refering too

good luck with that

j

oh, and no problem with me holding my short position on the YM cause I use the DOW as a proxy for the YM

d-day

11-14-2007, 07:24 PM

as far as the Stochastic it is your settings, the 5 3 3 no wonder you like it so much:D

Hi Tar,

I see why it didn't look like the 5,3,3 to me - I was watching the YM on the 5 minute chart and your were trading off the 3 minute. My fading eyes couldn't make out the settings on your screenshot.

I'm glad to hear you're doing so well with the YM. My consistency went through the roof when I stopped trying to daytrade all four of the US indices. Nearly everyone I have spoken with who has decided to focus on just one instrument has told me the same thing.

Good Trading to you,

d-day

tar001

11-14-2007, 07:29 PM

Just out of curiosity how di you do on the Russell today? it seemed to be weaker than the Dow all day
the only problem with trading one instrument is that at times you will miss out on some great trades but as i said you can't be in all of them anyway
:D

Hi Tar,

I see why it didn't look like the 5,3,3 to me - I was watching the YM on the 5 minute chart and your were trading off the 3 minute. My fading eyes couldn't make out the settings on your screenshot.

I'm glad to hear you're doing so well with the YM. My consistency went through the roof when I stopped trying to daytrade all four of the US indices. Nearly everyone I have spoken with who has decided to focus on just one instrument has told me the same thing.

Good Trading to you,

d-day

d-day

11-14-2007, 07:40 PM

Just out of curiosity how di you do on the Russell today? it seemed to be weaker than the Dow all day
the only problem with trading one instrument is that at times you will miss out on some great trades but as i said you can't be in all of them anyway
:D

I did fine - I got short off the opening DP, and then I got cute and tried scalping little swings here and there. I finally got back to being short and I had a stop and reverse order at 786 which I got filed on. I then exited way too soon - I let myself get spooked out of my position for some reason, i.e. I was weak hands at that point. My best trade of the day was, as I mentioned, the out of character YM DP short. It was just a fluke that I happened to be looking at the YM chart at the time.

As far as missing some good trades on other instruments, I think that you will see that it all balances out over time.

tar001

11-14-2007, 08:45 PM

my biggest problem is over trading(not being fully committed to my convictions at times hahah) so one instrument for now is plenty. It is PLENTY tough with just one and there are certainly enough trades in any emini throughout the day

I did fine - I got short off the opening DP, and then I got cute and tried scalping little swings here and there. I finally got back to being short and I had a stop and reverse order at 786 which I got filed on. I then exited way too soon - I let myself get spooked out of my position for some reason, i.e. I was weak hands at that point. My best trade of the day was, as I mentioned, the out of character YM DP short. It was just a fluke that I happened to be looking at the YM chart at the time.

As far as missing some good trades on other instruments, I think that you will see that it all balances out over time.

tar001

11-14-2007, 09:16 PM

By the way was anyone else long that TS setup?

oops this DP

tar001

11-14-2007, 09:18 PM

This one, there was stochastic divergence but from the beginning it didn't seem like there was much behind the up move

By the way was anyone else long that TS setup?

jjc

11-14-2007, 11:03 PM

seller at 1488 and buyer at 1462 ?

j

TreeShaker

11-15-2007, 12:27 AM

Nice trade Tar! MTPredictor at its best! I was on the phone with my dad when and I drew the parallel trend channel on the 5 minute YM. The auto-DP gave a yelp and I saw that the lower trend channel was about 100 points below. I told him to get ready for the Dow to make a 100 point u-turn. Amazing stuff. The best MTP trades are those such as this where you get a TS or DP (which by definition and design means price is at an important fib level) and price is at the same time sitting at a point of structural resistance/support, e.g. prior high/low or trendline, etc. I know I usually trade only the ER2 but this one was too tasty not to take a bite out of!:)

By the way, your stochastic setting seems to track the YM very well. It doesn't look like 5,3,3. May I ask what settings you are using on the YM?

And are you still trading the YM only? If so, how is it going so far?

Congratulations on that trade.

David

Do you guys draw the diver lines just for explanation, or do you do it as part of your trade setup? I mean the actual drawing of the lines.

jay21

11-15-2007, 08:03 AM

I did fine - I got short off the opening DP, and then I got cute and tried scalping little swings here and there. I finally got back to being short and I had a stop and reverse order at 786 which I got filed on. I then exited way too soon - I let myself get spooked out of my position for some reason, i.e. I was weak hands at that point. My best trade of the day was, as I mentioned, the out of character YM DP short. It was just a fluke that I happened to be looking at the YM chart at the time.

As far as missing some good trades on other instruments, I think that you will see that it all balances out over time.

Hey David,

Two questions for you if I may;

1. I was just wondering on that DP trade in the morning of yesterday that you mention - when I look on both the 3 and 5 min charts for the AB it looks to me that prices spent too much time (ie several closing bars) above the DP - target for it to be in line with regular MTP recommendations to short there. But maybe you felt so strongly for the trade so you took it even so...?

2. You have mentioned earlier that you use the MAs for exiting profitable trades. Could you say something on how you normally use the MAs to decide when to exit? Me myself I feel I am starting to get the hang on entering trades, but exiting that is another chapter...:)

Best of trading success to you!

Cheers,
Johan

jjc

11-15-2007, 01:34 PM

seller at 1488 and buyer at 1462 ?

j

getting close to my 'buy' zone now

j

jjc

11-15-2007, 02:04 PM

getting close to my 'buy' zone now

j

filled long at 1462.25

j

jjc

11-15-2007, 02:07 PM

filled long at 1462.25

j

plan your trade and trade your plan :)

j

jjc

11-15-2007, 02:17 PM

plan your trade and trade your plan :)

j

got rid of 2/3 of contracts at 1468.50

trailing the rest

:)

j

d-day

11-15-2007, 02:32 PM

Do you guys draw the diver lines just for explanation, or do you do it as part of your trade setup? I mean the actual drawing of the lines.

I draw them for myself.

d-day

11-15-2007, 02:59 PM

Two questions for you if I may;
1. I was just wondering on that DP trade in the morning of yesterday that you mention - when I look on both the 3 and 5 min charts for the AB it looks to me that prices spent too much time (ie several closing bars) above the DP - target for it to be in line with regular MTP recommendations to short there. But maybe you felt so strongly for the trade so you took it even so...?

I wasn't aware of a "time limit" for a DP trade. I used to use time stops much more frequently than I do now. If there is divergence, I will enter the trade.

2. You have mentioned earlier that you use the MAs for exiting profitable trades. Could you say something on how you normally use the MAs to decide when to exit? Me myself I feel I am starting to get the hang on entering trades, but exiting that is another chapter...:) Best of trading success to you! Cheers, Johan

I will use my MA's to manage stops by placing a stop above/below a MA. Also, if I am in a trade and price crosses and closesabove/below the 50 MA going the wrong way I will usually take that as a sign to get out or tighten my stop.

d-day

11-15-2007, 03:00 PM

got rid of 2/3 of contracts at 1468.50

trailing the rest

:)

j

Nice trading j!

jjc

11-15-2007, 03:10 PM

Nice trading j!

thanks d-day , coming from you that means a lot to me :)

may have had a sell program hit at 13:01cst

d-day

11-15-2007, 03:43 PM

thanks d-day , coming from you that means a lot to me :)

may have had a sell program hit at 13:01cst

I'm short at 775.80 on the TS3 on the ER2 3 minute at 13:33 EST so I hope someone sells this thing soon. I bailed on half at 772.3 and I'm sticking with half with my original stop of 777.6 in case we do get another last hour stampede for the exits by the longs

tar001

11-15-2007, 06:16 PM

WOW the ER had a great day on the 3 minute chart(no I was not in it but still)
I was in the YM short off a 233 tick chart though. Its days like this I wish I was trading multiple instruments:D

I'm short at 775.80 on the TS3 on the ER2 3 minute at 13:33 EST so I hope someone sells this thing soon. I bailed on half at 772.3 and I'm sticking with half with my original stop of 777.6 in case we do get another last hour stampede for the exits by the longs

d-day

11-15-2007, 06:27 PM

I'm short at 775.80 on the TS3 on the ER2 3 minute at 13:33 EST so I hope someone sells this thing soon. I bailed on half at 772.3 and I'm sticking with half with my original stop of 777.6 in case we do get another last hour stampede for the exits by the longs

Came within 8 ticks of the typical wave 3 target (silly me moved my stop too close too quickly and I was unceremoniously left standing by the side of the trade at 770.6). Nice trade though - I can't believe that I was the only one in on this. Did everybody in MTPland go on vacation?

MTP had a good day on the 3 minute ER2 today. I got a late start, so I was not in for the TS2 at 10:39 EST. There was no divergence, so in most cases I would not have taken that trade. However, given yesterday's afternoon weakness, and the fact that price rallied to my downsloping MA's, this may have been one of those cases where I would have bent my rules and taken the trade even without divergence. But, I wasn't in, so who knows? Maybe I would have taken it and maybe I would have stood down. It would have been a nice trade, so it is worth mentioning. The TS3 later in the day was a beauty - although it did come back to breakeven twice on its way down to the typical wave 3 target. I managed to wrangle almost 3R out of it, though had I managed it properly an exit at the DP would have meant nearly 5R. I didn't take the DP long at the end of the day. No divergence on my stochastics. However, for the STF traders among you, there was real pretty divergence, and that one would have been a winner - nearly 3R for those smart enough to put a sell limit in a tick or two below the opposing DP point.

d-day

11-15-2007, 06:31 PM

WOW the ER had a great day on the 3 minute chart(no I was not in it but still)
I was in the YM short off a 233 tick chart though. Its days like this I wish I was trading multiple instruments:D

What? That YM short wasn't enough for you? I would suppose you were still short when the ER2 signalled, and, unless I'm mistaken, Steve does not usually recommend being in two correlated trades at once. That YM short looks like it probably paid a mortgage payment or two. Unless you used the ATR to exit, then you cut it short. Maybe you could try keeping one contract open instead of closing all at an ATR. If you look at your stochastics, you will see that it would have kept you short most of the day once you were in a short position. Of course, that is easier said than done, as I too exited too early, chucklehead that I am.

tar001

11-15-2007, 06:52 PM

it would probably make a mortgage payment if I lived in a trailer hahahah
I actually have been closing my entire position all at once lately. For awhile there I was scaling out and then found myself scaling back in as the one position I had open was now a losing position. Instead of cutting my losses I would try and get back even(fighting the market, or was it fighting me) :confused: For now I unload the whole shebang and then TRY and sit patiently for another trade setup.
to me that is the hardest part of day trading, trying to excersise patience? not exactly my strong point
hahah
:D

What? That YM short wasn't enough for you? I would suppose you were still short when the ER2 signalled, and, unless I'm mistaken, Steve does not usually recommend being in two correlated trades at once. That YM short looks like it probably paid a mortgage payment or two. Unless you used the ATR to exit, then you cut it short. Maybe you could try keeping one contract open instead of closing all at an ATR. If you look at your stochastics, you will see that it would have kept you short most of the day once you were in a short position. Of course, that is easier said than done, as I too exited too early, chucklehead that I am.

jjc

11-15-2007, 07:14 PM

Steve does not usually recommend being in two correlated trades at once.

Now you tell me... :)

Maybe I got lucky cause I traded the ES and YM at the same time

j

jjc

11-15-2007, 07:41 PM

Now you tell me... :)

Maybe I got lucky cause I traded the ES and YM at the same time

j

BTW, thank you for allowing me to take your beta "proprietary" indicator out for a spin...

j

tar001

11-15-2007, 07:59 PM

why is it so easy with the market closed? it is interesting how the market moves though looking at this you can see why

tar001

11-15-2007, 08:26 PM

By the way with the R/R on there see what that trade would have made? holy cr#p hahah that would have made a nice mortgage payment
WHY DO I NOT SEE THESE DURING MARKET HOURS? I honestly think I need to watch the charts and have someone else do my trade entries? anyone ever try that?????:confused:

why is it so easy with the market closed? it is interesting how the market moves though looking at this you can see why

tar001

11-15-2007, 08:27 PM

For the vision impaired that is 3200$ on 4 ER contracts:eek:

By the way with the R/R on there see what that trade would have made? holy cr#p hahah that would have made a nice mortgage payment
WHY DO I NOT SEE THESE DURING MARKET HOURS? I honestly think I need to watch the charts and have someone else do my trade entries? anyone ever try that?????:confused:

d-day

11-15-2007, 10:22 PM

BTW, thank you for allowing me to take your beta "proprietary" indicator out for a spin...

j

your welcome. Thanks for your feedback ;)

jjc

11-15-2007, 10:35 PM

your welcome. Thanks for your feedback ;)

[SIZE="4"]I'm very impressed ... no losers yet but maybe you need more empirical research ... maybe a total of 100 real money trades?

j/SIZE]

d-day

11-15-2007, 10:59 PM

[SIZE="4"]I'm very impressed ... no losers yet but maybe you need more empirical research ... maybe a total of 100 real money trades?

j/SIZE]

agreed:cool:

TreeShaker

11-16-2007, 01:27 PM

Anybody taking any of the 4 Emini's wild ride up? I was in the YM 3 min. and got my stop to tight and got stopped out at 0830 PST. :mad: It was coming up to 61.8 of the previous down move and I move my stop to B/E. Darn!

Eddo

11-16-2007, 01:30 PM

I just went short the Russell on a nice looking TS3 which was right in the Typ WPT with a nice looking red STF

Eddo

11-16-2007, 01:40 PM

I just went short the Russell on a nice looking TS3 which was right in the Typ WPT with a nice looking red STF

Its not looking great at the moment but I felt quite poss about this one with the 15 min slap bang at the 50% fib retracement as well - we will see as always however :)

TreeShaker

11-16-2007, 01:59 PM

Its not looking great at the moment but I felt quite poss about this one with the 15 min slap bang at the 50% fib retracement as well - we will see as always however :)

I think it has gotten back on track since your post. Looking good now. :) I'm in the mirror trade on the YM 5 min.

Eddo

11-16-2007, 02:01 PM

Its not looking great at the moment but I felt quite poss about this one with the 15 min slap bang at the 50% fib retracement as well - we will see as always however :)

So far so good - I have to go out tonight so am going to place an OCO for 1/2 posn at my first tgt which is the next DP and will place my stop at B/E for the balance in the hope she runs and runs and runs with me hanging onto her coat tails :)

d-day

11-16-2007, 02:05 PM

I just went short the Russell on a nice looking TS3 which was right in the Typ WPT with a nice looking red STF

Hi Chris, would you mind sharing a pic of this short set-up?

Thank you,

d-day

Eddo

11-16-2007, 02:06 PM

Hi Chris, would you mind sharing a pic of this short set-up?

Thank you,

d-day

It should be posted above david - ?

TreeShaker

11-16-2007, 02:07 PM

So far so good - I have to go out tonight so am going to place an OCO for 1/2 posn at my first tgt which is the next DP and will place my stop at B/E for the balance in the hope she runs and runs and runs with me hanging onto her coat tails :)

Looks like a good plan Chris, enjoy your evening out.

Eddo

11-16-2007, 02:09 PM

Looks like a good plan Chris, enjoy your evening out.

TY - and good hunting to all.

Actually I just signed up for the eSignal eMini data today - I don't trade them (using UK spreadbet account instead) but the data is miles better on the AB than the $RUT which I was using - fingers crossed this won't turn out to be first time lucky with this data :)

Eddo

11-16-2007, 02:14 PM

TY - and good hunting to all.

Actually I just signed up for the eSignal eMini data today - I don't trade them (using UK spreadbet account instead) but the data is miles better on the AB than the $RUT which I was using - fingers crossed this won't turn out to be first time lucky with this data :)

Just as a PS for those who might be interested - the attached chart is the actual data feed I am trading with my Spreadbetting account

Have a good night/day all

Chris

tar001

11-16-2007, 03:43 PM

No way :D I had a few stop outs on 3 minute charts today but have been in this all day

jjc

11-16-2007, 04:56 PM

D-Day

2 more perfect trades with your indicator

the YM is much higher now and I'm taking profits as I type this

j

Eddo

11-16-2007, 05:00 PM

D-Day

2 more perfect trades with your indicator

the YM is much higher now and I'm taking profits as I type this

j

Just returned from a very nice dinner overlooking the Thames and see that half my Russell was taken out at my first tgt for a +4R and the other half is still running (just) with my stop still at b/e ........... but I wondered to myself :confused: Wot is this magic indicator that your talking about?

tar001

11-16-2007, 05:15 PM

how on earth do you play this?
:confused:

pegasus5

11-16-2007, 06:10 PM

how on earth do you play this?
:confused:

SIMPLE Tar...If there is not setup that is staring you in face....then don't trade.

:)

Larry22

11-16-2007, 06:17 PM

how on earth do you play this?
:confused:

Very easy you put a wave count on it and trade on the right side. Long of course once we had a new low this morning :D

Green arrow are where you had to buy.

See my 3 min charts, if you have trouble seeing it I can e-mail it to you.

jjc

11-16-2007, 06:21 PM

but I wondered to myself :confused: Wot is this magic indicator that your talking about?

Hello Chris

The indicator is Daves's and he calls it the DDay...you will have to ask him for details but he has told me it's in beta now.

What I do know is that when the histogram (what ever it represents I don't know) reaches the black lines either at the upside or downside and, then there is divergence on the yellow line to price you need to be thinking of going in the direction for the divergence

As you can see there was little doubt of the trade's success !

Have a good weekend and c ya at the bell

j

Larry22

11-16-2007, 06:25 PM

I forgot to put a chart of the ER2 15 min showing why you had to be a buyer on the new low.

We had 2 decision point there, see the chart. :)

That is why I was long from that point. :D

d-day

11-16-2007, 06:29 PM

4421D-Day

2 more perfect trades with your indicator

the YM is much higher now and I'm taking profits as I type this

j

Hi J, I'm glad its working well for you on the YM. On the 3 minute er2 it got me two counter trend rallies and it had me not buy the DP at 14:39 EST (which would have been a -1R loser) but it gave me the green light to buy at the very same DP point on the 2:54 EST, which was a +3R winner).

I also used it on the 3 minute NQ and it greenlighted the second DP low to go long this morning (but as you can see, it was still saying to stay short on the first DP). It also got me short for the DP sell at 12:18 EST.

Did you use it on the 3 minute ES? That looks like the real star of the day. I'll post a chart of the 3 minute ES with my notes later. For now, take a look at the 3 minute NQ.

d-day

11-16-2007, 06:43 PM

Wot is this magic indicator that your talking about?

Its an efs I've been working on trying to tie together the things that that ornery Texas Trader who taught me everyting I know about trading taught me about degrees of trend, momentum, and divergence - an Uberindicator. As Steve points out, MTPredictor is not a black box. It is a "thinking traders" software. I'm trying to come up with the "thinking traders" indicator lol.

Have a good weekend all.

PS I hope all of you were able to take advantage of Steve's Opening DP set up to go short on the Er2, Es, or YM (the NQ never quite made it to its respective DP at the gap open).

jjc

11-16-2007, 07:42 PM

Its an efs I've been working on - an Uberindicator. I'm trying to come up with the "thinking traders" indicator.

An Uberindicator, you say?

Sooo, what we have here is a multi-faceted indicator designed to give support/resistance levels, trend direction, and entry/exit points of varying strengths.

Now I'm really impressed !

j

pegasus5

11-16-2007, 07:50 PM

D-Day

2 more perfect trades with your indicator

the YM is much higher now and I'm taking profits as I type this

j

Hi Guys,

Interesting Oscillator that you are Beta Testing...Here is one I've been using for some time now and catches positive & negative divergences quite nicely on most typical time frames including tick and volume charts...I'm not sure about Range Bars just yet as I'm waiting for Ninja Ver 6.5 to be officially released.

Very similar results between oscillators...Here is YM 3 min

pegasus5

11-16-2007, 08:01 PM

4421

Hi J, I'm glad its working well for you on the YM. On the 3 minute er2 it got me two counter trend rallies and it had me not buy the DP at 14:39 EST (which would have been a -1R loser) but it gave me the green light to buy at the very same DP point on the 2:54 EST, which was a +3R winner).

I also used it on the 3 minute NQ and it greenlighted the second DP low to go long this morning (but as you can see, it was still saying to stay short on the first DP). It also got me short for the DP sell at 12:18 EST.

Did you use it on the 3 minute ES? That looks like the real star of the day. I'll post a chart of the 3 minute ES with my notes later. For now, take a look at the 3 minute NQ.

Hey David,

Very interesting Oscillator Combination you have working....I have one that seems to be very similar but I have no clue how to overlay as you do...I'd like to overlay to save precious chart space...Gotta take a programing course..:)

David D

pegasus5

11-16-2007, 08:20 PM

Here is today's example of YM 3 min and 89 tick combo that yielded an exceptional risk/reward....

Sorry...the charts are a bit compressed in this post ...But you can make out highlighted (circled) segment on 3 min where price pulled back in a X-1-2 pattern to the Fib .618 retracement level perfectly, whereby I then drilled down to 89 tick for possible long entry setup. Low and Behold, there was a positive divergence in oscillator which was supported by BBS Squeeze indicator.

This resulted in a very nice +4R gainer..

Good Trading to All,

David

pegasus5

11-16-2007, 08:27 PM

I couldn't even view the compressed chart myself so here are those two charts in order..1) YM 3 min 2) YM 89 tick

You should be able to see these much better

:)

tar001

11-16-2007, 08:28 PM

VERY easy? hahah(just kidding) I knew(I guess I shouldn't say I KNEW but I was certainly looking for it) that the ER was going to bounce at that support but this is what I had, the first trade setup there was no divergence so I waited but then got stopped out 2x in a row

Very easy you put a wave count on it and trade on the right side. Long of course once we had a new low this morning :D

Green arrow are where you had to buy.

See my 3 min charts, if you have trouble seeing it I can e-mail it to you.

pegasus5

11-16-2007, 08:29 PM

Here is the YM 89 tick chart blown up from prior post..

Cheers,

David D

:)

d-day

11-16-2007, 09:00 PM

Hi Guys,

Interesting Oscillator that you are Beta Testing...Here is one I've been using for some time now and catches positive & negative divergences quite nicely on most typical time frames including tick and volume charts...I'm not sure about Range Bars just yet as I'm waiting for Ninja Ver 6.5 to be officially released.

Very similar results between oscillators...Here is YM 3 min

Always trying to build a better mousetrap :)

tar001

11-16-2007, 10:02 PM

And then again at times I put WAAAAAAAAAAAAAAAY too much thought into this K-I-S-S

VERY easy? hahah(just kidding) I knew(I guess I shouldn't say I KNEW but I was certainly looking for it) that the ER was going to bounce at that support but this is what I had, the first trade setup there was no divergence so I waited but then got stopped out 2x in a row

qitrader

11-17-2007, 12:03 AM

Here is the YM 89 tick chart blown up from prior post..

Cheers,

David D

:)

Hey David,

HEHE.....Didn't I tell you another rally was going to happen today close to end of day? Coincidence? I happened to enter at that same time as you have posted in your charts. Nice trading buddy.

+11R due to pyramiding.

ps. Made a few mistakes during doldrum and was down -2R before hitting big monster trade. Keep repeating myself this "lose small when wrong, and win big if and only if I'm right."

Great way to end the week

Eddo

11-17-2007, 03:25 AM

Its an efs I've been working on trying to tie together the things that that ornery Texas Trader who taught me everyting I know about trading taught me about degrees of trend, momentum, and divergence - an Uberindicator. As Steve points out, MTPredictor is not a black box. It is a "thinking traders" software. I'm trying to come up with the "thinking traders" indicator lol.

Have a good weekend all.

PS I hope all of you were able to take advantage of Steve's Opening DP set up to go short on the Er2, Es, or YM (the NQ never quite made it to its respective DP at the gap open).

Thanks David,

As a matter of interest did you find the 'setup' chart I posted for the lovely 5 min Short Russell we got? In my view it was about as perfect a setup at you could get and once again shows the power of MTP -

Have a great weekend all - Chris :)

Eddo

11-17-2007, 03:27 AM

Hello Chris

The indicator is Daves's and he calls it the DDay...you will have to ask him for details but he has told me it's in beta now.

What I do know is that when the histogram (what ever it represents I don't know) reaches the black lines either at the upside or downside and, then there is divergence on the yellow line to price you need to be thinking of going in the direction for the divergence

As you can see there was little doubt of the trade's success !

Have a good weekend and c ya at the bell

j

Thanks J :)

d-day

11-17-2007, 01:03 PM

Thanks David,

As a matter of interest did you find the 'setup' chart I posted for the lovely 5 min Short Russell we got? In my view it was about as perfect a setup at you could get and once again shows the power of MTP -

Have a great weekend all - Chris :)

Hi Chris, yes, I did see the 5 minute chart - I did not see it attached when I first read your post. Yes it was a nice MTP set up - good trading! Yesterday was a very nice day for MTP traders across te board from what I can see.

Have a great weekenD :)

tar001

11-17-2007, 02:02 PM

Just as an FYI, I have 6.5 and 6 and NT says that you can have both on your desktop without any problems(in fact they suggest it) 6.5 seems very stable and I like it. You can import all your studies from 6 into 6.5
:D

Hi Guys,

Interesting Oscillator that you are Beta Testing...Here is one I've been using for some time now and catches positive & negative divergences quite nicely on most typical time frames including tick and volume charts...I'm not sure about Range Bars just yet as I'm waiting for Ninja Ver 6.5 to be officially released.

Very similar results between oscillators...Here is YM 3 min

jjc

11-17-2007, 06:21 PM

4421

Hi J, I'm glad its working well for you on the YM.

take a look at the 3 minute NQ.

Hi Dave

Yes I remember you alerting me to the NQ 3min and that on the NQ 30min we were at or near your fib 786 and divergent to price.

Your DDay indicator appears to be a seamless intergration with MTP and a darn good mouse trap.

j

d-day

11-17-2007, 06:36 PM

Hi Dave

Yes I remember you alerting me to the NQ 3min and that on the NQ 30min we were at or near your fib 786 and divergent to price.

Your DDay indicator appears to be a seamless intergration with MTP and a darn good mouse trap.

j

Thanks J. Look at how we not only had divergence forming on the 30 minute, but my red histogram bars hit the black line, so then it was a matter of drilling down to the 3 minute for a trade entry, where we MTP ultimately gave a DP long trade, not only confirmed by the 30, but if you look you will see that the red histogram bars hit the black line while my yellow line printed a bullish divergence. And you will also see that it kept me from taking the first DP signal, which would have been a loser, but then it gave me the go ahead to go long on the second DP 8-10 bars later (basis tghe 3 minute).

I'm having fun in MTPland.

So easy even a Daveman can do it;)

d-day

11-17-2007, 07:45 PM

Your DDay indicator appears to be a seamless intergration with MTP and a darn good mouse trap.j

Remember this old thread?

http://www.mtptrader.com/showthread.php?t=1210

That's where I asked this:

Often times price will reach a DP and there will be oscillator divergence at the time, but then after having been stopped into the trade, price goes against the trade and the divergence of course resolves itself into new oscillator extremes and the trade is stopped for a loss.

My question is this: DP's can be calculated for nearly every swing that occurs, and often times there is at least momentary divergence between price and the oscillator. Is there a way to determine which DP set-ups are more likely to result in a price reversal versus price continuation?

Amazing what one can come up with in eight months - from :confused: to :D

tar001

11-17-2007, 08:22 PM

I must be where you were 8 months ago haha what do you know now that you didn't know then?
:confused:

Remember this old thread?

http://www.mtptrader.com/showthread.php?t=1210

That's where I asked this:

Amazing what one can come up with in eight months - from :confused: to :D

tar001

11-18-2007, 12:31 AM

Angel

11-18-2007, 12:41 PM

Hello my friends,

This is an extract of what is today the best momentum indicator :

Well, nothing in life, as well as trading, is ever a 100 percent sure thing. However, we have discovered a signal that historically generates a reliable signal 95 percent of the time. This is when a KCD divergence is accompanied by a PeakOscillator divergence. We find in these cases that 95 percent of the time the market reverses significantly enough to warrant taking profit and 60 percent of the time enough to have a significant trade in the opposite direction in the same time frame.

You can find the entire article at :
http://www.crbtrader.com/trader/v06n03/v06n03a01.asp#KSDI

Including this powerful toll in the MTP arsenal would be wonderful no ?

Thanks

Angel

d-day

11-18-2007, 01:23 PM

Hello my friends,

This is an extract of what is today the best momentum indicator :

Including this powerful toll in the MTP arsenal would be wonderful no ?

Thanks

Angel

Hi Angel,

How long have you been trading MTP using this indicator and what are your results? I would love to see some screenshots of your real money trades where you used the KDSI to filter MTP set-ups.:)

Thank you,

d-day

d-day

11-18-2007, 01:51 PM

jjc

11-18-2007, 02:43 PM

Hi Angel,

How long have you been trading MTP using this indicator and what are your results? I would love to see some screenshots of your real money trades where you used the KDSI to filter MTP set-ups.:)

Thank you,

d-day

Here is a snapshot comparison of your DDay versus what Angel posted

IMO, as I said before, "Your DDay indicator appears to be a seamless intergration with MTP and a darn good mouse trap".

And, I'm sure it won't be at $195.00 per month like hers...I hope not :)

j

jay21

11-18-2007, 02:45 PM

I wasn't aware of a "time limit" for a DP trade. I used to use time stops much more frequently than I do now. If there is divergence, I will enter the trade.

I will use my MA's to manage stops by placing a stop above/below a MA. Also, if I am in a trade and price crosses and closesabove/below the 50 MA going the wrong way I will usually take that as a sign to get out or tighten my stop.

OK - thanks a lot Dave!
Johan

pegasus5

11-18-2007, 04:53 PM

Here is a snapshot comparison of your DDay versus what Angel posted

IMO, as I said before, "Your DDay indicator appears to be a seamless intergration with MTP and a darn good mouse trap".

And, I'm sure it won't be at $195.00 per month like hers...I hope not :)

j

$195 PER MONTH:eek: CAVEAT EMPTOR!!! I for one cannot find any statistical results for this "mathematically engineered" indicator...Can anyone else?
:eek:

Angel

11-18-2007, 04:54 PM

Angel

11-18-2007, 05:02 PM

Hi jjc,

In fact, this indicator is available with eSignal and not with NT for the moment.

Thanks

Angel

tar001

11-18-2007, 06:12 PM

Thats the secret of this trading thing, patience and taking only trades that meet all your criteria. I still have the fear of missing the move thing going on and I need to work on that. Did it just all click one day? I am surprised that for as long as I have been doing this that I still make the mistakes that I do
:confused:
how many trades does the average trader here make? I would be embarrassed to say how many I have in a day
hahahah sad but true.

Hi Tar,

I would probably not have taken that trade myself. As I have said before, by insisting on momentum divergence, there will be times that I sit out a trade that would have been profitable. However, It saves me from many, many -1R losers, so I do not get upset when I miss an occassional 2-3R trade. This trade, using ATR stop, would have gotten you 1.4R. If you had stopped and reversed at the long DP trade you would have made 3R.

Also, there are instances, albeit very rare, that I will take a trade without divergence. For eaxample, in this case you had price make a new high that it couldn't even hold for one five minute bar. After the resistance failed to hold as support, there was a nice pulback short entry to be made. I will often enter on a pullback like this where the initial MTP signal did not show divergence.

I have to run, but I'll try to post a pic later of what I mean.

have a good day,

d-day

qitrader

11-18-2007, 06:40 PM

Hi D-Day and all,

Unfortunatly, I don't use it but I know some discret traders who use it and this is the same conclusion : this indicator is far far ahead compared to OLD momentum indicators like Stoch, RSI, CCI...etc.....

Did you read the article, it's fantastic ?

As I told you, including it in the MTP trading would be wonderful, so this is in the hand of Steve now !!

But becoz you share so many trading ideas with the MTP community, try this clue :

If a set up is warning on 3 min with a momentum divergence (Stoch 5.3.3), check on 5 Min chart for divergence confirmation or not (Stoch 5.3.3)

Take an example and you will see what you're looking for..........

Thanks

Angel

I don't know how it can be "better" than stochastic or any other oscillator out there. It is just another indicator based on price. All these indicators are derivatives of other indicators. It is like putting cream cheese on top of butter on your bread. In the end, you are still eating the same bread.

I think u may have to test the indicator using real money to prove that it works before coming into any conclusions.

qitrader

11-18-2007, 06:47 PM

tar001

11-18-2007, 07:01 PM

that is a GREAT question, I wonder why only 5% can do it successfully? seems simple enough? it must boil down to personality traits? I wonder which one of my personalities would make the best trader? hahah

Tom,

You know the secret already. Now it is time to put it into action. It is as simple as "cutting your losses quickly and letting your winners run". Everyone is familiar with this concept but only 5% is able to do it. I wonder why?

BTW, I make on average about 7-10 trades per day on YM alone. I try to participate on at least 1 of those big trend trades. That is all we need to make money on a daily or weekly basis.

jjc

11-18-2007, 07:03 PM

Hi jjc,

In fact, this indicator is available with eSignal and not with NT for the moment.

Thanks

Angel

First, allow me to say, I don't believe for a moment that there is a 'holy grail' indicator out there in the stock market universe.

What I do believe is that with an intuitive stock market software such as MTP and sound money management there is a chance for us 'joesixpack traders' to pull some money out of the market.

What I like about Dave's DDay indicator is that it's a sensible integrator to a sensible approach to trading. Plus I don't have a hundred and one indicators to be looking at and clouding whether I should be in the market or not. The trade is either there or it isn't there, i.e. identifying supply and demand.

Albeit, Dave says the DDay is still in beta.

Personally, I don't have to be in every trade however, I do want a fighting chance to even the odds against the 'big boys' when I am in a trade.

j

qitrader

11-18-2007, 07:38 PM

that is a GREAT question, I wonder why only 5% can do it successfully? seems simple enough? it must boil down to personality traits? I wonder which one of my personalities would make the best trader? hahah

Here a good question to ask yourself, especially now since we all understand how position sizing can have a positive effect in our trading. Based on your personality, would you pick a system that has a:

1) 30% win ratio and 10R Reward/risk
2) 60% win ratio and 3R
3) 70% win ratio and 1R

If you ask me, well i want a system that is 70% with 10R, i'm 98% sure , it doesn't exist. So there is no 4th option. HAHAHA.

Once you find out which system fits your personality and risk tolerance, then you work on fine tuning the system based on your needs. I need at least a 60% win ratio to execute my plan correctly. 30-40% makes me not follow the rules. I know this personally, and I can hired any psychologist to see if she/he can help me overcome my demons so I can trade the 1st option successfully, but it just would not work.

Also, ask yourself this question if you read the turtle story, why weren't all turtle traders successful?

d-day

11-18-2007, 07:47 PM

This is an extract of what is today the best momentum indicator

Unfortunatly, I don't use it but I know some discret traders who use it

I think MTPredictor is one of the best trading software programs available today. Fortunately, I have used it for over fifteen months now on a daily basis. I have used several others trading programs as well, also on a daily basis over a period of weeks and, in some cases, months. So I feel I am able to say that MTPredictor is, at the very least, the best I have used.

I feel that it is, at the very least, reckless for someone to come on this board and make such absolute statements as to "the best this" or "the worst that" if you have not used itself trading real money and thus risking real losses.

I come here because, like folks like Tar, jjc, Pegasus, Qitrader, Chris and many other MTPtraders, I want to learn how to make the most effective use of MTP. Now I've been ripped off and cheated enough times to now know better than to rush out on someone else's say-so to purchase the latest and greatest indicator or trading system; but others who have not yet been ripped-off and cheated a few times may see a post like that and rush out to plunk down $195.00 on your say so. And yet you yourself have not used this other software.

I feel a bit foolish for having even wasted the time to ask you about your experience with it. But, I've been wracking my brain and risking $$'s for months and months trying to come up with an indicator that works in conjunction with MTP, and here you were, telling me that I can stop where I am because the perfect indicator already exists. I would gladly pay someone for such an indicator. I am glad that I asked, however. From what I see in j's screenshot comparing this "best Indicator" with what poor stupid me has come up with, there is no way I'd trade mine for that thing.

I'm not trying to pick a fight with you, Angel. But I think all of us need to excercise proper restraint and honesty when offering up suggestions to others. We're all in this together - as j said - we're a bunch of joe sixpack traders up against the sharks. Unfounded claims such as yours turns us to chum, i.e. sharkbait.

Have a good night, and all the best,

d-day

tar001

11-18-2007, 09:17 PM

Hey
yeah a 60% loss rate is tough on the pysche, nobody likes to be wrong 60% of the time and when you are wrong that much the human probably wouldn't take the next trade. That is why you must use other indicators to bring up your win/loss %(all IMO) my biggest problem lately is not believing what the chart is saying and then OVERTRADING. I need to work on that
:D

Here a good question to ask yourself, especially now since we all understand how position sizing can have a positive effect in our trading. Based on your personality, would you pick a system that has a:

1) 30% win ratio and 10R Reward/risk
2) 60% win ratio and 3R
3) 70% win ratio and 1R

If you ask me, well i want a system that is 70% with 10R, i'm 98% sure , it doesn't exist. So there is no 4th option. HAHAHA.

Once you find out which system fits your personality and risk tolerance, then you work on fine tuning the system based on your needs. I need at least a 60% win ratio to execute my plan correctly. 30-40% makes me not follow the rules. I know this personally, and I can hired any psychologist to see if she/he can help me overcome my demons so I can trade the 1st option successfully, but it just would not work.

Also, ask yourself this question if you read the turtle story, why weren't all turtle traders successful?

d-day

11-18-2007, 09:20 PM

Dave
would you have taken this trade? the pattern is really clear and there is a TS4 along with being at a DP but I do not see divergence? even on a 3 minute chart there does not seem to be divergence? would you have passed on this one?

I would probably not have taken that trade myself. As I have said before, by insisting on momentum divergence, there will be times that I sit out a trade that would have been profitable. However, It saves me from many, many -1R losers, so I do not get upset when I miss an occassional 2-3R trade. This trade, using ATR stop, would have gotten you 1.4R. If you had stopped and reversed at the long DP trade you would have made 3R.Also, there are instances, albeit very rare, that I will take a trade without divergence. For eaxample, in this case you had price make a new high that it couldn't even hold for one five minute bar. After the resistance failed to hold as support, there was a nice pulback short entry to be made. I will often enter on a pullback like this where the initial MTP signal did not show divergence.

I have to run, but I'll try to post a pic later of what I mean.

have a good day,

d-day

Here's the chart of the YM. A few things to keep in mind - 1) on my 5 minute esignal chart, the MTP signal you asked about showed as a TS2, not a TS4. Also, I used a 3 minute YM, and not the 5 minute. And keep in mind that the chart as I am posting it here is an isealized chart - I did not trade the YM on Friday, so I did not take any of these trades. I merely scribbled my notes on it to show you how I may have traded the YM had I been trading it that day. I traded the ER2 and the NQ on friday. I do know that J did take some of these trades, as he has kindly agreed to take my Dday indicator out on a real money test drive on the YM and the ES. But I don't want to give anyone the wrong idea - I did not take these trades.

Have a good night.

d-day

tar001

11-18-2007, 09:22 PM

are you planning on selling your indicator? do you have a NT version(even though I know you are not a Ninja fan)
:D

I think MTPredictor is one of the best trading software programs available today. Fortunately, I have used it for over fifteen months now on a daily basis. I have used several others trading programs as well, also on a daily basis over a period of weeks and, in some cases, months. So I feel I am able to say that MTPredictor is, at the very least, the best I have used.

I feel that it is, at the very least, reckless for someone to come on this board and make such absolute statements as to "the best this" or "the worst that" if you have not used itself trading real money and thus risking real losses.

I come here because, like folks like Tar, jjc, Pegasus, Qitrader, Chris and many other MTPtraders, I want to learn how to make the most effective use of MTP. Now I've been ripped off and cheated enough times to now know better than to rush out on someone else's say-so to purchase the latest and greatest indicator or trading system; but others who have not yet been ripped-off and cheated a few times may see a post like that and rush out to plunk down $195.00 on your say so. And yet you yourself have not used this other software.

I feel a bit foolish for having even wasted the time to ask you about your experience with it. But, I've been wracking my brain and risking $$'s for months and months trying to come up with an indicator that works in conjunction with MTP, and here you were, telling me that I can stop where I am because the perfect indicator already exists. I would gladly pay someone for such an indicator. I am glad that I asked, however. From what I see in j's screenshot comparing this "best Indicator" with what poor stupid me has come up with, there is no way I'd trade mine for that thing.

I'm not trying to pick a fight with you, Angel. But I think all of us need to excercise proper restraint and honesty when offering up suggestions to others. We're all in this together - as j said - we're a bunch of joe sixpack traders up against the sharks. Unfounded claims such as yours turns us to chum, i.e. sharkbait.

Have a good night, and all the best,

d-day

tar001

11-18-2007, 09:29 PM

Thanks for taking the time to post that, it is very interesting to see how other people trade.
:D

Here's the chart of the YM. A few things to keep in mind - 1) on my 5 minute esignal chart, the MTP signal you asked about showed as a TS2, not a TS4. Also, I used a 3 minute YM, and not the 5 minute. And keep in mind that the chart as I am posting it here is an isealized chart - I did not trade the YM on Friday, so I did not take any of these trades. I merely scribbled my notes on it to show you how I may have traded the YM had I been trading it that day. I traded the ER2 and the NQ on friday. I do know that J did take some of these trades, as he has kindly agreed to take my Dday indicator out on a real money test drive on the YM and the ES. But I don't want to give anyone the wrong idea - I did not take these trades.

Have a good night.

d-day

Angel

11-19-2007, 03:41 AM

jjc

11-19-2007, 06:29 AM

About as live as I can get Dave - buy stop on the YM pre-market

j

jjc

11-19-2007, 07:09 AM

About as live as I can get Dave - buy stop on the YM pre-market

j

Dave

We were at DP and at dday divergence

Need to record losses too

j

d-day

11-19-2007, 08:30 AM

Dave

We were at DP and at dday divergence

Need to record losses too

j

I agree. And when price is at a DP with momo divergence, it is a "must take" trade in my opinion, regardless of the outcome.

You sure are up an at 'em early today!

d-day

11-19-2007, 08:50 AM

Hello D-Day and all,

No problem with your point of view about my last posts. Did you take the time to take a look to the article I give you ? NO matter of interest for you may be ?

No feel the need to prove if I 'm or not an honest man. My main goal was only to share......I mean that I have nothing to sell and have no commercial interest with MTP, an effective trading tool for making money on financial markets.

Happy trading and fun to all on this very kind board

My best to you all

Sincerely

Angel

Hi Angel,

Thank you for bringing the KSDI and the article to my attention. I thought the article very interesting and I ran off a copy and it is now a part of permanent collection. My issue was with your characterization of the KSDI as "the best available" without having used it yourself in conjunction with MTP. I know that I would not say that a particular trading software, trading method, or trading system was the best or the worst ever if I had not myself used it. I wouldn't want one of my MTP friends here to try something on my say so unless I was clear as to whether I had actual experience with it or whether I had merely "heard on the street" that it was good.

Again, thank you for sharing that article with me. It was definately worth the read.

Have a wonderful day, and the best trading to you,

d-day

d-day

11-19-2007, 11:00 AM

I am surprised that for as long as I have been doing this that I still make the mistakes that I do :confused:

how many trades does the average trader here make? I would be embarrassed to say how many I have in a day
hahahah sad but true.

I continually find new and creative ways to lose money trading. :)

I make 1-5 trades/day. I average 3 trades/day. My best days are usually the days I trade 1 or 2 times. The day's I trade 4 or 5 times I usually am over trading. My experience is that there are, on average, 1 or 2 good moves/day. Unfortunately, we do not know in advance which moves will be those nice intraday trends, so you just have to take your swings. Keep limiting your losses (which I feel is very easy) and let your profits run (which for me is far more difficult to do).

d-day

11-19-2007, 11:21 AM

getting ready to buy - 757.60 buy stop with 756.1 stop loss -DP with divergence on my 5,3,3

ER2 that is and filled 757.60

It was looking good for a while but in the end it was a no go - I'm sure someone will come on now and post why I should have expected to lose lol.

Just for the record I'm loading up to go long again - I still have bullish momo divergences that are suggesting that the next move should be some type of rally, even a small one, and not further declines. I could be wrong. I need to focus right now so I'll post in a bit.

jjc

11-19-2007, 11:52 AM

getting ready to buy .

Me too...the YM...but not just yet

j

d-day

11-19-2007, 11:56 AM

Looks to me like nearly all, most, but not all bullish divergences have been busted. This may be a trend day where we open at one end of the range and close at the other, which means a steady grind lower. We'll just have to wait and see. There is still a slight chance that I'll get a green light to go long, but it is diminishing.

d-day

11-19-2007, 12:26 PM

long 750.90 stop 749.3 and playing for 755 target +/- (34 EMA on 3 minute chart) - Pic to follow

d-day

11-19-2007, 12:37 PM

sell limit is at 754.6 righ now

stop loss 751.6 (7 ticks above breakeven)

Here's the chart

d-day

11-19-2007, 01:00 PM

Out for +1.8R which puts me at +.8R for the day erasing my previous loss.

Tough sledding if you ask me.

I kept lowering my sell limit as the 34EMA dropped bar by bar.

d-day

11-19-2007, 01:02 PM

Anyone else doing anything out there in MTP land?

Rob E

11-19-2007, 01:05 PM

Tough sledding if you ask me.

Nice Trade D-Day... intrepid going against the grain... and speaking of which...

actually it's been a GR8 day 4 sledding as it's been all down hill so far!!!:D ;)

d-day

11-19-2007, 01:15 PM

Nice Trade D-Day... intrepid going against the grain... and speaking of which...

actually it's been a GR8 day 4 sledding as it's been all down hill so far!!!:D ;)

Of course after I sit here gritting my teath and giving myself a migraine waiting for price and the 34 ema to drift slowly togther, price then pullsback slightly and then leaps for what would have been a 2.4R+ winner.

Go figure lol

Maybe getting ready for a short, though. I may not be in it, however, as speaking of sledding, we're full o' snow here and my little ones want to get out on the sleds themselves.

G Fryer

11-19-2007, 01:17 PM

Anyone else doing anything out there in MTP land?

Stopped out on a TS2 on the ER2 on the 2min scale: the signal was @ 9:42 MST sell stop @ 752.70, buy stop @ 753.9. SO 1R loss. SInce then its been churning.

Gillian

BTW, you guys don't know me since I've been lurking for months... just thought you might be interested: I'm using a duo-core Imac running Vista with Parallels emulation, so I can toggle between operating systems. I couldn't make MTP work in other emulation software, and I like not having to boot only to windows. This makes windows actually pleasant... almost.

G

G Fryer

11-19-2007, 01:29 PM

Looking at daily time frame, the ER2 is almost at the August low of 748.52. Just a number to keep in mind.

G

TreeShaker

11-19-2007, 02:18 PM

Anyone else doing anything out there in MTP land?

I've been scratching my head a lot, looking at all those DP that fail one after another. I haven't made a trade yet. The only trade I saw that I liked was a YM 1min, TS3 @ 0728 PST, but I'm not fast enough to trade on the 1 min.

Steve Griffiths

11-19-2007, 02:40 PM

Hi Guys,

I have just got back from a great vacation in Egypt - where I got to experience the geometry of the great Giza Pyramids first hand !!!

But, today, this TS3 sell on the NQ sure looks good to me ... A good +5.6R profit at the first target......

Steve

Steve Griffiths

11-19-2007, 02:41 PM

PS,

It is even better looking on the 3min NQ - great Stoch divergence as well ......:)

Steve

d-day

11-19-2007, 03:16 PM

I'm long the ER2 DP - I was stopped at BE on my first attempt but the divergence was so compelling on my DdayUberIndicator I went in again at 749.10

Steve Griffiths

11-19-2007, 03:26 PM

yep, the 3min NQ gave a buy as well - now at +3R and climbing .... :)

Steve

d-day

11-19-2007, 03:28 PM

PS,

It is even better looking on the 3min NQ - great Stoch divergence as well ......:)

Steve

Stop and reverse for a DP long at the first profit target

Steve Griffiths

11-19-2007, 03:47 PM

Stop and reverse for a DP long at the first profit target

Yep........... +5.8R on the way down, then another +5.8R on the way back up........... over +11R profit in these two trades............ nice :)

Steve

Larry22

11-19-2007, 04:02 PM

I'm long the ER2 DP - I was stopped at BE on my first attempt but the divergence was so compelling on my DdayUberIndicator I went in again at 749.10

Great trade David that was the one I was waiting for but was away from my PC. :(

I'm still working but will be retiring december 14.

BTW I will post a pic later this evening showing why it was time to buy with a wave count and projection. ;)

jjc

11-19-2007, 08:24 PM

got short at the cyan arrow on first chart

and covered at the cyan arrow on second chart

per Dave's dday and new beta ma's

j

Larry22

11-19-2007, 09:12 PM

Great trade David that was the one I was waiting for but was away from my PC. :(

I'm still working but will be retiring december 14.

BTW I will post a pic later this evening showing why it was time to buy with a wave count and projection. ;)

Here's the pic, the only problem is that the image is kind of small and blurry once reduced to fit on the forum.

Sorry

Larry

tar001

11-19-2007, 10:20 PM

This was my best trade of the day(a long if you can believe that) :) those tick charts sure are nice when they work

tar001

11-19-2007, 10:38 PM

not to say that tick charts don't always work, just sometimes they are hard for me to get a feel for because they give many signals
today the 233 tick chart was great

This was my best trade of the day(a long if you can believe that) :) those tick charts sure are nice when they work

d-day

11-19-2007, 11:26 PM

not to say that tick charts don't always work, just sometimes they are hard for me to get a feel for because they give many signals today the 233 tick chart was great

So you are trading the 233 tick only?

tar001

11-20-2007, 01:11 AM

Hey
no not only a 233t chart I used it in conjunction with support on this 3 minute chart, look at the difference in R/R. Trading is funny, some days you REALLY have a feel for things and some days I honestly have NO clue!! hahah I guess thats what keeps me intrigued after al this time. Its alot like golf
:D

So you are trading the 233 tick only?

tar001

11-20-2007, 01:12 AM

oops try this for R/R

Hey
no not only a 233t chart I used it in conjunction with support on this 3 minute chart, look at the difference in R/R. Trading is funny, some days you REALLY have a feel for things and some days I honestly have NO clue!! hahah I guess thats what keeps me intrigued after al this time. Its alot like golf
:D

d-day

11-20-2007, 09:21 AM

d-day

11-20-2007, 10:46 AM

Long the ER2 at 751 off the DP with divergence. Took 1/3 off at the
34EMA/50SMA for 2.2R and have 2/3 left with a trailing stop in case we make a run for the Globex high - a potential 6+R.

By the way - that is the 5,3,3 stochastic - I'm not trying to hifde anything. My screenhunter window sometimes does not disappear when I try to snap a pic, so I move it as far out of the field as I can. Hence the annoying gray obfuscvation in the lower left-hand corner of some of my screenshots.

d-day

11-20-2007, 10:57 AM

Long the ER2 at 751 off the DP with divergence. Took 1/3 off at the 34EMA/50SMA for 2.2R and have 2/3 left with a trailing stop in case we make a run for the Globex high - a potential 6+R.

I don't know what just happened, but I'll take it! :)

d-day

11-20-2007, 11:08 AM

So easy, even a daveman can do it ;)

DP + Divergence + knowing where to expect support/resistance = Fun Trading

Now the question is do we continue to the next higher DP or is this a stop and reverse situation

jjc

11-20-2007, 11:22 AM

d-day

11-20-2007, 11:25 AM

Has everyone else gone knocked off early for the holiday?

Short the ER2 at 757.1 and looking to target the 50 SMA basis the 3 minute chart (approx 754.4 right now).

d-day

11-20-2007, 11:36 AM

Short the ER2 at 757.1 and looking to target the 50 SMA basis the 3 minute chart (approx 754.4 right now).

Who could have guessed?

Rob E

11-20-2007, 11:37 AM

Has everyone else gone knocked off early for the holiday?

Short the ER2 at 757.1 and looking to target the 50 SMA basis the 3 minute chart (approx 754.4 right now).

Not gone yet... Still here and I'm with ya although I got a bit better fill. I sold the ER2 @ 758.00 2 lots on an extended TS1, covered 1 lot @ 756.00 holding on to the remaining for target.

G Fryer

11-20-2007, 11:42 AM

Tradestation has a data feed problem, so all the e-minis are 10 minutes behind, except the YM. Couldn't place any orders this morning.

With a short day on wednesday, closed on thursday, and another short day on friday maybe it is time to take a breather.

Gillian

TreeShaker

11-20-2007, 11:45 AM

Has everyone else gone knocked off early for the holiday?

Short the ER2 at 757.1 and looking to target the 50 SMA basis the 3 minute chart (approx 754.4 right now).

I'm here too Dave, but I missed the mirror move in the YM because my NT charts stopped progressing and I had to reset and send them a nasty gram about this reoccurring problem.

TreeShaker

11-20-2007, 11:50 AM

I just lost my data again. This may be a day off for me as well.

d-day

11-20-2007, 11:51 AM

Nazdoggie is the strongest of the bunch today. The TS1 from yesterday afternoon (note the divergence at the low) caught a nice move, blasting through the first twoprofit targets and just reached the third. We also are at a DP and we have divergence. We need now for price to confirm by turning lower. If the blue line turns down from here without making a higher high with price, then I will be short.

Rob E

11-20-2007, 11:52 AM

d-day

11-20-2007, 12:01 PM

d-day

11-20-2007, 12:08 PM

Short the Naz at 2065, stop at 2070.75 - time will tell.

Stopped out but will re-short if price turns down - pot. sell stop at 2067.25

I'm sure Larry will post a wave count later showign me why I should not be looking to short the Naz, but all my momo's are screaming bearish divergences right here.

UPDATE: I have noticed that often times an anticipated move across the e-mini's will wait for the ER2 to fulfill any outstanding nearby targets. There is a DP between 760.3 and 761.7 which may serve to hold up any selling/pullback/decline until the ER2 at least comes close enough to acknowledge its existence.

Filled on the short NQ at 2067.25

Covered 1/2 at the 34 EMA (filled 2061) and trailing on the other 1/2

mydet

11-20-2007, 12:34 PM

other source data for your Tradestation

http://www.tssupport.com/addons/owndata/

Larry22

11-20-2007, 12:35 PM

Stopped out but will re-short if price turns down - pot. sell stop at 2067.25

I'm sure Larry will post a wave count later showign me why I should not be looking to short the Naz, but all my momo's are screaming bearish divergences right here.

UPDATE: I have noticed that often times an anticipated move across the e-mini's will wait for the ER2 to fulfill any outstanding nearby targets. There is a DP between 760.3 and 761.7 which may serve to hold up any selling/pullback/decline until the ER2 at least comes close enough to acknowledge its existence.

Filled on the short NQ at 2067.25

Covered 1/2 at the 34 EMA (filled 2061) and trailing on the other 1/2

Great second short David, no wave count yet but the target to reach was 2072 (1.618) since we broke 2061.50 (1.27) plus DP and divergence, well what more could we have asked beside a cherry on the ice cream. :D

I forgot to mention I hope you have more then one screen to follow all these markets. I have 3 at the moment ;) I can't wait to start trading full time middle of december.

AndyvB

11-20-2007, 12:42 PM

David: How do you chose which indexes you are going to trade in a given day or at least follow during the day..check the % movement and use the 2 that have the most movement??? Thanks

Larry22

11-20-2007, 12:44 PM

David: How do you chose which indexes you are going to trade in a given day or at least follow during the day..check the % movement and use the 2 that have the most movement??? Thanks

Easy put 3 monitors with all the indexes charts on with different time frame. :D

That's what I do. ;)

AndyvB

11-20-2007, 12:45 PM

I have 2 running at moment...

d-day

11-20-2007, 12:48 PM

Great second short David, no wave count yet but the target to reach was 2072 (1.618) since we broke 2061.50 (1.27) plus DP and divergence, well what more could we have asked beside a cherry on the ice cream. :D

I forgot to mention I hope you have more then one screen to follow all these markets. I have 3 at the moment ;) I can't wait to start trading full time middle of december.

That was a nail biter but finally looks like price is getting into gear to the downside for me.

and no, I trade on just one screen on a single laptop and I use a wireless connection. I am a low-budget, highly mobile trader lol.

Larry22

11-20-2007, 12:53 PM

In my case, I will try to keep some retracement and projections on 3 indexes ER2, YM and NQ.

From there I keep an eye to see which one seems to be the leader or giving me the nicest patterns (low risk/reward) with wave counts and divergence if possible, after I take the one that meet my criteria.

Larry22

11-20-2007, 12:55 PM

That was a nail biter but finally looks like price is getting into gear to the downside for me.

and no, I trade on just one screen on a single laptop and I use a wireless connection. I am a low-budget, highly mobile trader lol.

I can't believe it. :eek:

You're amazing.

I personnaly have 2 22inches Widescreen monitor and a 19 inches.

d-day

11-20-2007, 12:57 PM

David: How do you chose which indexes you are going to trade in a given day or at least follow during the day..check the % movement and use the 2 that have the most movement??? Thanks

Hi Andy, for a while now I have been trading the ER2 only. I have been testing a beta version of a momo indicator that I have been working on, and this week I decided to try it out on the ER2 and the NQ, and jjc is taking it through its paces on the YM and the ES.

And I use 1 screen - that's all I need.

tar001

11-20-2007, 01:08 PM

how's that to start out the morning? :D how do MTP know?
hahahah

TreeShaker

11-20-2007, 01:10 PM

Stopped out but will re-short if price turns down - pot. sell stop at 2067.25

I'm sure Larry will post a wave count later showign me why I should not be looking to short the Naz, but all my momo's are screaming bearish divergences right here.

UPDATE: I have noticed that often times an anticipated move across the e-mini's will wait for the ER2 to fulfill any outstanding nearby targets. There is a DP between 760.3 and 761.7 which may serve to hold up any selling/pullback/decline until the ER2 at least comes close enough to acknowledge its existence.

Filled on the short NQ at 2067.25

Covered 1/2 at the 34 EMA (filled 2061) and trailing on the other 1/2

What's this David, you roaming from the ER2 these days?

It must be nice to be able to data. I have had to reload 5 times. Switched to IB feed and they were an hour behind in NT but on their site they were on time. I think it's a NT problem. Anybody else using NT that's having this problem today?

AndyvB

11-20-2007, 01:14 PM

Mike: My IB and Ninja are fine...and I checked IB for updates this morning..

Rob E

11-20-2007, 01:14 PM

What's this David, you roaming from the ER2 these days?

It must be nice to be able to data. I have had to reload 5 times. Switched to IB feed and they were an hour behind in NT but on their site they were on time. I think it's a NT problem. Anybody else using NT that's having this problem this today?

I feed my NT from my TS data TreeShaker and... "Knock on Wood"... so far so good on my end... no problems to report here with either NT or TS.

tar001

11-20-2007, 01:50 PM

any delay issues with NT try this link
http://www.ninjatrader-support.com/HelpGuideV6/PerformanceTips1.html

I feed my NT from my TS data TreeShaker and... "Knock on Wood"... so far so good on my end... no problems to report here with either NT or TS.

tar001

11-20-2007, 01:54 PM

will it?
:confused:

Steve Griffiths

11-20-2007, 01:57 PM

What a trade............. +5R so far

Short from the high of the day - what a greta posoition to be in as a day-tarder...........:)

Steve

TreeShaker

11-20-2007, 01:58 PM

Thanks guys,

It seems that the culprit is AMP data feed. I rechecked IB and then discovered that the ghost in the machine had changed my computer time :eek: : how does that happen! I corrected my computer time and IB data feed is doing the job. I will have to tell AMP they have a problem. In the mean time I missed all trading you guys have been doing. Is everybody on the way to bank this evening?:)

tar001

11-20-2007, 02:00 PM

hmmm I guess not:D

will it?
:confused:

d-day

11-20-2007, 02:02 PM

I can't believe it. :eek:

You're amazing.

I personnaly have 2 22inches Widescreen monitor and a 19 inches.

Here's a screenshot of my e-signal - everything is there at a glance. I have a three minute chart of each of the four e-mini's open to see. Though typically I will have the 3 minute er2 maximized 90% of the time. I also have a 34 minute $OEX with S&R notations, a daily $INDU with S&R notations, a 288 minute EURJPY, and then a 60 minute 3 day swing chart (courtesy of jjc) minimized across the bottom so that I may refer to them during the day. One computer, one screen - and it is an inexpensive laptop that is now almost 3 years old. MTPredictor cost several more times the cost of my trading computer lol.

What's this David, you roaming from the ER2 these days?

It must be nice to be able to data. I have had to reload 5 times. Switched to IB feed and they were an hour behind in NT but on their site they were on time. I think it's a NT problem. Anybody else using NT that's having this problem today?

I know e-signal has taken heat over the years, and I too have been quick to criticize them when an opportunity presents itself. However, those opportunities are few and far between. I may only have one screen, and it may be a cheapy at that, and I do trade with IB - they too are cheap. But I wouldn't trade with IB's data and NinjaTrader's software. I learned early in life to be cheap where I can, but to spare no expense where cuting corners will cut the bottom line.

If you are going to try to make the kind of living you can make off this market, why would you try to do it with free data? You could not pay me enough to cause me to trade with IB's data or with NinjaTrader.

I do highly recomend IB as a broker and trading platform - I have no complaints other than their strange way of accounting for FOREX trades.

G Fryer

11-20-2007, 02:11 PM

I still only have current data for the YM... it looks like it is heading for the Typical wave 3 WPT @ 12925 from the longer term 15 min TS3 of 11/16.

Gillian

that was fast. I'm not seeing divergence yet, so next support at the Max wave 3 @ 12692.

d-day

11-20-2007, 02:12 PM

hmmm I guess not:D

Tough one on the YM, Tar. I would have taken that one too. As it is, though, I am still short the NQ running near 10R and lookng for suport and maybe a buy divergence at the DP below.

tar001

11-20-2007, 02:24 PM

easy come easy go eh? hahaha lets see if I have better luck with this one. I don't imagine it will hit that DP but we shall see> I moved my stop to break even just in case:D

Tough one on the YM, Tar. I would have taken that one too. As it is, though, I am still short the NQ running near 10R and lookng for suport and maybe a buy divergence at the DP below.

tar001

11-20-2007, 02:29 PM

crap that didn't last long hahah too much selling pressure at least it didn't cost me much
:D

easy come easy go eh? hahaha lets see if I have better luck with this one. I don't imagine it will hit that DP but we shall see> I moved my stop to break even just in case:D

d-day

11-20-2007, 02:29 PM

Tough one on the YM, Tar. I would have taken that one too. As it is, though, I am still short the NQ running near 10R and lookng for suport and maybe a buy divergence at the DP below.

Stopped out of the NQ - I got distracted with a telephone conversation with a friend of mine and missed the stop and reverse. I should be long from the DP at 2020.5 but instead I got stopped out of my short at 2025.00. I should be long and targeting a bounce to the 34 EMA - that does not mean that it would be a winner, but if I had been paying attention and following my rules, I'd be long right now. As it is, I'm flat.

tar001

11-20-2007, 02:31 PM

there is divergence here right? would everyone else take this trade? I am thinking of taking it again

easy come easy go eh? hahaha lets see if I have better luck with this one. I don't imagine it will hit that DP but we shall see> I moved my stop to break even just in case:D

Steve Griffiths

11-20-2007, 02:33 PM

WOW...........

+9.9R Profit - now that is what I call a great trade !!

Steve

TAS

11-20-2007, 02:33 PM

Absolutely TRUE, The dough I made today exceeds my own E-mini day-trading record since getting involved into MTPland. Thanksgiving comes earlier and to be humble for the next one if market allows...

Screenshot attached was last second before my last lot to be taken off in YM, congratulations to everyone getting along today's flow.

TAS

What a trade............. +5R so far

Short from the high of the day - what a greta posoition to be in as a day-tarder...........:)

Steve

davidh

11-20-2007, 02:35 PM

Don't forget the FOMC minutes are due out at 2pm ET!

TreeShaker

11-20-2007, 02:44 PM

It looks like the ER2 has hit a bottom and momo is turning up, but I don't see any entry signals. Or, I may be all wrong, again. The YM looks the same. Is that a double bottom I see?

qitrader

11-20-2007, 02:46 PM

Nice trading guys.

I'm holding mine too till close or 5min ATR stop. Below are my entry points. Added only once. Hope to add another clip later in the day. Otherwise, I already have about +12R lock in if i get stopped out.

Very nice and keep up the good work

Mrbaffalo

11-20-2007, 02:59 PM

Today I spent all the day restoring workstation after a raid failure:( ...but looking at what's going on...I only have to say it's impressive!!!:)

Marcello

d-day

11-20-2007, 03:03 PM

Stopped out of the NQ - I got distracted with a telephone conversation with a friend of mine and missed the stop and reverse. I should be long from the DP at 2020.5 but instead I got stopped out of my short at 2025.00. I should be long and targeting a bounce to the 34 EMA - that does not mean that it would be a winner, but if I had been paying attention and following my rules, I'd be long right now. As it is, I'm flat.

Whoever said you can't pick tops and bottoms never traded with MTP!

TreeShaker

11-20-2007, 03:03 PM

Don't forget the FOMC minutes are due out at 2pm ET!

It must have been bad news. and then forgotten. The charts dived and then went back up

tar001

11-20-2007, 03:10 PM

wow!! I am done for the day(I'm not giving one penny of this back)
great day

It must have been bad news. and then forgotten. The charts dived and then went back up

jay21

11-20-2007, 03:11 PM

Whoever said you can't pick tops and bottoms never traded with MTP!

Hey Dave,

that is very nice trading man - can I just ask you on your last long in the NQ there - when you see divergence there - do you see that because the previous low at 1427.50 was just taken out at 1427.25 and only about 15 mins later after the low at 1427.50 - is the divergence that you see between those two lows?

Cheers,
Johan

jay21

11-20-2007, 03:15 PM

Hey Dave,

that is very nice trading man - can I just ask you on your last long in the NQ there - when you see divergence there - do you see that because the previous low at 1427.50 was just taken out at 1427.25 and only about 15 mins later after the low at 1427.50 - is the divergence that you see between those two lows?

Cheers,
Johan

Actually - to answer myself as I had a closer second look...:) - I presume you see the divergence comparing to the previous low about one hour before the entry point at 1436.25 - is that more correct?

tar001

11-20-2007, 03:29 PM

I did NOT take this one but wow I wish I did

wow!! I am done for the day(I'm not giving one penny of this back)
great day

d-day

11-20-2007, 03:36 PM

Hey Dave,

that is very nice trading man - can I just ask you on your last long in the NQ there - when you see divergence there - do you see that because the previous low at 1427.50 was just taken out at 1427.25 and only about 15 mins later after the low at 1427.50 - is the divergence that you see between those two lows?

Cheers,
Johan

I see price making lower lows and the indicator making higher lows - that is all im looking at

jay21

11-20-2007, 03:49 PM

I see price making lower lows and the indicator making higher lows - that is all im looking at

Hm, very interesting - so simple and yet so difficult...:)

Just noticed on that long NQ trade that you would have taken had you not been busy doing other stuff - wouldn't you have been stopped out about 15 mins after entry due to that brief new low...?

d-day

11-20-2007, 04:04 PM

Hm, very interesting - so simple and yet so difficult...:)

Just noticed on that long NQ trade that you would have taken had you not been busy doing other stuff - wouldn't you have been stopped out about 15 mins after entry due to that brief new low...?

quite possibly ... but if I had been stopped for -1R there I would have renetered. I did eventually get long at 2019. I took profits on 1/2 at 2026 and the last two got stopped at entry.

jay21

11-20-2007, 04:33 PM

quite possibly ... but if I had been stopped for -1R there I would have renetered. I did eventually get long at 2019. I took profits on 1/2 at 2026 and the last two got stopped at entry.

That is what good trading is all about isn't it, taking that loss and getting in again without hesitating - if according to plan of course...:) Actually I find that happening very often - if it doesn't work the first time it commonly works at the next opportunity to enter the same setup. I even have a name for it - "the law of two"...:D

Thanks a lot for your input!
Johan