US Markets: Real-time Trading

[G Fryer]

Currently +3.5 R on the short ER2 with a +2R stop.

With the STF not being especially strong, what is your logic to stay in the trade past the first WPT? Looks like the ATR is keeping you in at the moment, but oscillators are turning up.


Thanks,

Gillian

[d-day]

With the STF not being especially strong, what is your logic to stay in the trade past the first WPT? Looks like the ATR is keeping you in at the moment, but oscillators are turning up.


Thanks,

Gillian

Hi Gillian,

I do not pay much heed to the STF except for divergence. I have decided that as far as 3 MTP signals go, this year I will use the ATR trailing stop for final exit, except in those cases, such as the NQ TS1 last week, where we get a large and quick gift, like thursday's enormous 10+R move that was bound to see a healthy retracement before proceeding to give us the next 10R. I am actively trading the 1 minute YM right now, and I donot want to have to expend too much mental and emotional energy managing these long term 3 minute trades ;)

Thank you,

d-day

[Steve Griffiths]

YM sell was a MANUAL DP as well for me.

TAS

Hi Guys

Yes a "manual" DP, the automatic label I posted was from a "Beta" version, I am running here in house, that is not complete yet.

So I apologize, I posted too quickly.....

It was a nice valid "manual" set-up though...;)

Steve

[davidh]

Another disappearing signal on this ES trade.
Also the 3 min YM short shown on my chart as stopped out, when the high at 12781 was not in fact exceeded.

[G Fryer]

Hi Gillian,

I am actively trading the 1 minute YM right now, and I donot want to have to expend too much mental and emotional energy managing these long term 3 minute trades ;)

Thank you,

d-day

Wow, I often have a hard time firing off orders on the 2min and 3min... I couldn't imagine it on the 1mins, let alone having time to respond here as well. Glad you are successful at it and enjoying it.

Thanks,

G

[G Fryer]

DP sell signal at the HOD on the 5min YM @ 2:05

G

[TAS]

DP sell signal at the HOD on the 5min YM @ 2:05

G

I am in it as well, good luck to people on board.

TAS

[d-day]

I am in it as well, good luck to people on board.

TAS

Been a tough afternoon to play the short side, but I did just finally go short at 12818 - a manual DP off the auto DP.

[jjc]

Not the prettiest butterfly pattern after hours but pretty enuf to make some loot - especially with a DP double hit

j

[jjc]

Not the prettiest butterfly pattern after hours but pretty enuf to make some loot - especially with a DP double hit

j

And, here I am this morning at target DP :)

j

[TAS]

Hi J,

Congrats on this insightful trade. What are your session time settings for this embroided price move to show up as a whole? Obviously it's combining part of US day time session and "compressed" part of overnight move...

Appreciate your reply and continuous contribution on this land.:)

TAS

[QUOTE=jjc;12966]And, here I am this morning at target DP :)

j[/QUO

[jjc]

[QUOTE=TAS;12967]Hi J,

Congrats on this insightful trade. What are your session time settings for this embroided price move to show up as a whole? Obviously it's combining part of US day time session and "compressed" part of overnight move...

Appreciate your reply and continuous contribution on this land.:)

TAS

Hello TAS

I've always liked looking at 10,000 volume charts because they tend to catch some nice swing pivots that otherwise might not show up on time based charts. IMO a 10kv is between a 3min and 5min chart, but I have no proof of that. On Esignal the chart is set to 24 hour trading session and I have it looking back 10days.

I still look at time frames charts but if I happen to see what I think is a good trade off the 10kv chart I dont hesitate to take it.

Here is my second trade off the 10kv and I'm still in the trade. I'm now trailing the trade with the ATR set to default and rachet on. The indicator in the subwindow is a smoothed RSI

I hope this helps and good trading to you as well.

j

[TAS]

Thank you J for quick response and you make stuff clear above water...:)

TAS

[d-day]

We should be getting some DP sigs to golong on the 3 and 5 minute charts soon.

Although perhaps we will need to resort to manual DP set-ups.

[d-day]

We should be getting some DP sigs to golong on the 3 and 5 minute charts soon.

Although perhaps we will need to resort to manual DP set-ups.


There they are - buy stop at 12598 on the YM

[d-day]

There they are - buy stop at 12598 on the YM



Giddy up ... long at 598

[jjc]

Long off 10kv chart

If price gets above the ATR I will have confirmed trend change - if it doesnt then I bail at entry

j

[d-day]

Long off 10kv chart

If price gets above the ATR I will have confirmed trend change - if it doesnt then I bail at entry

j


Nice entry off that 10KV chart j (I'm assuming you're trading the ES). I don't have any wiggle room really to bail at entry to cut a loss, so I just have to roll with it - my stop loss is 1 tick below the YM LOD at 12573

[jjc]

Long off 10kv chart

If price gets above the ATR I will have confirmed trend change - if it doesnt then I bail at entry

j

10kv chart and now im showing 1st bar of compression zone i.e. bollinger band inside keltner band

j

[d-day]

10kv chart and now im showing 1st bar of compression zone i.e. bollinger band inside keltner band

j

Hi J,

I'm showing 6 bars of compression on the 10KV chart right now, and it looks as though if we can break above and stay above that ATR we might, and I stress might get some running time to the upside. Looks like we need ES above 1495.50 to make that happen. Is that what you see, or am do I need a new set of goggles?

Thank you,

David

[jjc]

Nice entry off that 10KV chart j (I'm assuming you're trading the ES). I don't have any wiggle room really to bail at entry to cut a loss, so I just have to roll with it - my stop loss is 1 tick below the YM LOD at 12573

we have a decent looking TS3 off the ES 30min - if that doesnt get taken out we could run

I'm trying to trail myself - we'r compressed now and hopefully it will break in our favor

This is as close as we can get to live posting, huh? :)

j

[d-day]

we have a decent looking TS3 off the ES 30min - if that doesnt get taken out we could run

I'm trying to trail myself - we'r compressed now and hopefully it will break in our favor

This is as close as we can get to live posting, huh? :)

j




Anyone reading wouldd ave had plenty of time to get in at the levels we posted, so it seems pretty live to me.

I do however, reserve the right to stop and reverse to short without advance notice, however, lol. There is a good chance that I will do just that very soon.

[d-day]

I do however, reserve the right to stop and reverse to short without advance notice, however, lol. There is a good chance that I will do just that very soon.


Short at 12612

[jjc]

Dave ,I've made a minor adjustment to the ATR settings trading off a 10kv - personal preference and not per MTP

Testing stop now

j

[d-day]

There is a DP buy signal (auto) on the 3 minute NQ - long at 1914.75

[jjc]

There is a DP buy signal (auto) on the 3 minute NQ - long at 1914.75


Im flat but made some loot per our scale out rules :)

j

[d-day]

There is a DP buy signal (auto) on the 3 minute NQ - long at 1914.75


I shook myself out at entry - my Dday.efs cratered at 12:42 and while it is not infallible, we should see lower prices shortly. Again, it is not perfect, so we may be at a bottom, if not the bottom, right here. But I see now that that auto DP would have just been stoped for a loss, and MTP has not sinalled a new buy.

[jjc]

dave

are you looking at those possible head and shoulder patterns now on the ym and es 3min ?

might be worth a try for me

j

[d-day]

dave

are you looking at those possible head and shoulder patterns now on the ym and es 3min ?

might be worth a try for me

j

I see head and shoulders bottoms setting up, j. Is that what you mean? I reall like to see the head and shoulders patterns in my Dday or on the 5,3,3, stochastic. IMO H&S reversals in momentum are usually more powerful and reliable than the same reversal in price pattern.

Technically, however, I should still be long the YN DP but as it is I am still short the YM. That DP has a profit target at 12645, which is just below the 50 SMA basis the 5 minute chart (currently 5 minute 50 SMA is at 12649).

I am thinking we are in high odds for a trend day today and my expectation is that we close nearer the lows of the day than the highs.

[jjc]

I reall like to see the head and shoulders patterns in my Dday or on the 5,3,3, stochastic. IMO H&S reversals in momentum are usually more powerful and reliable than the same reversal in price pattern.

Im long off the ES 10kv again with target 1402.00

I wanted to trade the NQ you mentioned but I didnt want to be in two different indexes at once

j

[d-day]

TS4 on the 10000KV, and the 3 and 5 minute YM's for shorts. No divergence, however. But this may be a case where divergence may not be necessary

[jjc]

TS4 on the 10000KV, and the 3 and 5 minute YM's for shorts. No divergence, however. But this may be a case where divergence may not be necessary

Im looking at that but then again the ZBH8 is selling off - stop is entry

j

[d-day]

TS4 on the 10000KV, and the 3 and 5 minute YM's for shorts. No divergence, however. But this may be a case where divergence may not be necessary

Short the ES 1395.25 basis the 5 minute TS4 sell

[jjc]

Short the ES 1395.25 basis the 5 minute TS4 sell


Im betting your 5min ES bounces at 1391.5 - if not you win and I lose :)

j

[d-day]

Im betting your 5min ES bounces at 1391.5 - if not you win and I lose :)

j


I'm still short, and I just got a buy on the $VIX - guess what that usually means!;)

[jjc]

I'm still short, and I just got a buy on the $VIX - guess what that usually means!;)

got stopped, you win i lose

i hate you :D :D :D

j

[d-day]

Now .... the $64K question - are these DP buy signals ereally DP buy signals, or are they "DP Continuation" signals to go short?


Hmmmmmmmmmmmmmmmmmmmmmm? Well?

[jands]

I'm still short, and I just got a buy on the $VIX - guess what that usually means!;)

Hi David,

Do you run MTP on the $VIX or a Stoch for Market breadth?

Thanks,

Jim

[d-day]

Now .... the $64K question - are these DP buy signals ereally DP buy signals, or are they "DP Continuation" signals to go short?


Hmmmmmmmmmmmmmmmmmmmmmm? Well?


No takers?


My guess is that we break below the YM 12574 low and head waaaaaaay down.

Of course, I may be very very wrong.

[d-day]

Of course, I may be very very wrong.



Enough said :)

[TreeShaker]

Short the ES 1395.25 basis the 5 minute TS4 sell

I didn't see any neg diver there Dave. You change your rules or is there a trump?

[d-day]

Hi David,

Do you run MTP on the $VIX or a Stoch for Market breadth?

Thanks,

Jim

I use various momentum measures, stochastics being one of them.

[jands]

I use various momentum measures, stochastics being one of them.

I meant do you use anything on the VIX?

Thanks,

Jim

[d-day]

I didn't see any neg diver there Dave. You change your rules or is there a trump?

You must have missed these earlier posts.

I am thinking we are in high odds for a trend day today and my expectation is that we close nearer the lows of the day than the highs.

TS4 on the 10000KV, and the 3 and 5 minute YM's for shorts. No divergence, however. But this may be a case where divergence may not be necessary

[TreeShaker]

You must have missed these earlier posts.

Yeah, but why are diver not necessary today?

[d-day]

Yeah, but why are diver not necessary today?

If you are expecting a trend day, where the market opens at one end of its range and closes at the other, then you should belooking for a low risk trade entry where you can get on board for the ride. Most days are not trend days. Most days range back and forth from ahigh to low to higher high to lower low etc etc. On those days you look for divergence to to get you into a position. On a trend day, you look for a good retracement to support/resistance and jump on board.

[TreeShaker]

If you are expecting a trend day, where the market opens at one end of its range and closes at the other, then you should belooking for a low risk trade entry where you can get on board for the ride. Most days are not trend days. Most days range back and forth from ahigh to low to higher high to lower low etc etc. On those days you look for divergence to to get you into a position. On a trend day, you look for a good retracement to support/resistance and jump on board.

Thanks Dave.

[jjc]

Dday , why don't you post that short DP YM trade you told me about 'live' this afternoon at 14:37cst for TreeShaker to see.

It's an easy trade and I'm sure he would be interested in knowing about it and how to watch for it.


j

[d-day]

Dday , why don't you post that short DP YM trade you told me about 'live' this afternoon at 14:37cst for TreeShaker to see.

It's an easy trade and I'm sure he would be interested in knowing about it and how to watch for it.


j

I'll try to post it later - I have been having intermittent trouble with my screen capture software. I did print the chart out, so I might be able to scan that and upload the scanned image.

Basically, though, on the 1 minute YM at 15:37 EST we had a red reversal bar print at the .786-.886 retracement zone, which coincided with two DP's projected off the 14:16 and 14:40 swing pivots, with divergence on the Dday between the 15:28 and 15:37 bars, so I entered short at 12615 and we quickly dropped 84 points from there to the .886 retracement level. The problem with posting that trade (a legitimate manual DP trade) is that the only indicator I use that picked up the divergence on the 1 minute chart was the Dday, so though it is an easy trade to look for and take, if you are using divergence to green light your entry, I do not know what other indicator you could use to pick it up. Maybe J you know of something - I know you play with RSI alot. Did your RSI pick it up? I do see that the 5,3,3 stochastic did kind of pick up some divergence on the 2 minute chart, though not as cleanly.

[d-day]

Anyone else see that the moment the market opened we got a POTENTIAL auto DP buy on the 3 minute NQ?

Wouldn't that be a great way to start out the day - Putting both arms in the bull suit lol.


Waiting for a blue reversal bar here.

[d-day]

Anyone else see that the moment the market opened we got a POTENTIAL auto DP buy on the 3 minute NQ?

Wouldn't that be a great way to start out the day - Putting both arms in the bull suit lol.


Waiting for a blue reversal bar here.


I jumped on board the YM and I'm trailing using the 1 minute ATR - we're at 12574 which was suport most of the day yesterday and should offer resist here. I still have one arm in the bull suit and one arm in the bear suit until I se what happens here.

[d-day]

I jumped on board the YM and I'm trailing using the 1 minute ATR - we're at 12574 which was suport most of the day yesterday and should offer resist here. I still have one arm in the bull suit and one arm in the bear suit until I se what happens here.


I have enough divergence to go short here on the smallest time frames basis 24 hour charts, so I'm going to nibble the short side with the es and stay long the YM with my stop in place. Sell stop for es at 1387.50 for now.

[d-day]

I have enough divergence to go short here on the smallest time frames basis 24 hour charts, so I'm going to nibble the short side with the es and stay long the YM with my stop in place. Sell stop for es at 1387.50 for now.

short es out the YM at 559

[jjc]

short es out the YM at 559

I shorted the YM when you got out :)

j

[G Fryer]

DP sell signaled on the 3min ER2 @ 9:48. On our way.

G

[Steve Griffiths]

DP sell signaled on the 3min ER2 @ 9:48. On our way.

G

Hi G,

Yes a nice quick +4R profit there - what a nice start to the day.

PS, and that is witout the +2R porfit up "into" the first DP off the start of the day as well :)

[d-day]

short es out the YM at 559

I got logged off the blog somehow - anyhoo I stopped and reversed to long the ES at 1376. Stop is now 76.50

[jjc]

I shorted the YM when you got out :)

j

trailing now on YM - price now @ 12476

j

[d-day]

I got logged off the blog somehow - anyhoo I stopped and reversed to long the ES at 1376. Stop is now 76.50


I had 1/2 long on the es and just added some YM at 478 for a full position - I'm looking at playing DP pinball a bit here, though I'm holding my er2 short with ATR stop in case we crash instead. either way, its been a great month this morning!:)

[d-day]

trailing now on YM - price now @ 12476

j

Hi J,

I playing the ES and YM as DP longs right now, though those Globex low extremes are screaming for a regular session test prior to a solid bottom, but you never know ... though I expect us to test them today, you know that we have often seen overnight extremes go days, weeks, and even months before being tested. I have the 1 minute ATR stop on the YM at 12511 currently, and unless we get above there soon I doubt my long trades will work, and we would likely dive instead.

[jjc]

Hi J,

I playing the ES and YM as DP longs right now, though those Globex low extremes are screaming for a regular session test prior to a solid bottom, but you never know ... though I expect us to test them today, you know that we have often seen overnight extremes go days, weeks, and even months before being tested. I have the 1 minute ATR stop on the YM at 12511 currently, and unless we get above there soon I doubt my long trades will work, and we would likely dive instead.


Im still short on the YM - still trailing

j

[d-day]

Im still short on the YM - still trailing

j


I took my longs off we wee little profits at 10:34 EST when the 1 minute YM had a TS3 short and teh 1 minute ES closed witrh divergence.

Now I'm just short the er2 and trailing.

[d-day]

I took my longs off we wee little profits at 10:34 EST when the 1 minute YM had a TS3 short and teh 1 minute ES closed witrh divergence.

Now I'm just short the er2 and trailing.



Now I'm long the YM at 12437 - and I'm going underground for a bit to concentrate better so I probably won't be posting for a bit. Good luck to all.

Sincerely,

davey the knife catcher, the two-fingered trader

[TreeShaker]

I'll try to post it later - I have been having intermittent trouble with my screen capture software. I did print the chart out, so I might be able to scan that and upload the scanned image.

Basically, though, on the 1 minute YM at 15:37 EST we had a red reversal bar print at the .786-.886 retracement zone, which coincided with two DP's projected off the 14:16 and 14:40 swing pivots, with divergence on the Dday between the 15:28 and 15:37 bars, so I entered short at 12615 and we quickly dropped 84 points from there to the .886 retracement level. The problem with posting that trade (a legitimate manual DP trade) is that the only indicator I use that picked up the divergence on the 1 minute chart was the Dday, so though it is an easy trade to look for and take, if you are using divergence to green light your entry, I do not know what other indicator you could use to pick it up. Maybe J you know of something - I know you play with RSI alot. Did your RSI pick it up? I do see that the 5,3,3 stochastic did kind of pick up some divergence on the 2 minute chart, though not as cleanly.

Thanks for that post Dave. I don't do well on the 1min, I'm a little too slow for that, but it sure looked good.:)

[d-day]

Now I'm long the YM at 12437 - and I'm going underground for a bit to concentrate better so I probably won't be posting for a bit. Good luck to all.

Sincerely,

davey the knife catcher, the two-fingered trader


still long the YM and trailing me stop - stop is currently at 12466 locking in +29 points. We have a DP target at 519-33 or so. We are right now at 12492. We also have a wee little DP, let's call it a dp, at 503-506 but we looks to have enough momo to push through it.

[Steve Griffiths]

Hi Guys

The chart saysit all, long form the low, as the AB sails though the first target.....

Steve

[d-day]

still long the YM and trailing me stop - stop is currently at 12466 locking in +29 points. We have a DP target at 519-33 or so. We are right now at 12492. We also have a wee little DP, let's call it a dp, at 503-506 but we looks to have enough momo to push through it.

5 minute $INDU just traded back to its pesky 34 ema which has contained many bounces during this Bear market - longs need the $INDU above 12478 methinks.

[d-day]

Hi Guys

The chart saysit all, long form the low, as the AB sails though the first target.....

Steve


Amazing. I have no DP on my 3 minute ER2.

[d-day]

5 minute $INDU just traded back to its pesky 34 ema which has contained many bounces during this Bear market - longs need the $INDU above 12478 methinks.


still trailing long YM but now short the ES at 1378.75

[G Fryer]

That was one of the many DPs that just don't show up on my screen (w/ Tradestation.) I couldn't get a DP anywhere on the normal time based screens. I finally found a manual DP on the 10K ES and an automatic on the 5K NQ, but of course, after the fact.

Gillian

[d-day]

still trailing long YM but now short the ES at 1378.75


stopped out of the YM at 12488 (i'm using 1 minute charts - 24 hour ATR set to close).

Still short the ES and trailing. We are at the DP target basis the 1 minute ES with my stop at 1378 even

[chrisg]

David i to do not show a dp on the er2 you would have to have done it manualy to find it not sure why that is since it is a valid trade

chris

[d-day]

TS3 short sig on the 3 minute NQ - sell stop 1887.75

[Steve Griffiths]

Hi Guys

Yes, that automatic DP is with the new version I am testing here in house, as you can see, we have improved the DP logic over build 28 ;)

I keep forgetting that I have the beta here....

We are still testing, so it is not ready yet, but will be soon

Thanks

Steve

[chrisg]

no longer valid signal correct on the nq 3 min?

[d-day]

TS3 short sig on the 3 minute NQ - sell stop 1887.75

TS3 on NQ went Poof! into ghost land - but we have a TS3 sell on the es with red reversal bar on the 3 minute and sell stop to go short is 1383.75

[chrisg]

that one also gone

[d-day]

that one also gone


Yup ... that's the way they go sometimes. I'm short the YM anyway 12570 and taking a bit 'o heat, but that's what stop losses are for :cool:

[chrisg]

now short nq at 1893

[jjc]

short on the 3min es ts3 1385.75

that number is also my pivot point

j

[G Fryer]

Again on the NQ @ 12:09: TS3 sell at 1892.75.

G

[d-day]

short on the 3min es ts3 1385.75

that number is also my pivot point

j


And classic George Lane stochastics divergence basis the 5,3,3 stochastic - a stochastic high, a lower stochastic high, and then a stochastic high that is higher than the second indicator peak but lower than the first. Good luck J - I'm shorty too so my well wishes are a bit selfish as well ;)

[d-day]

now short nq at 1893

Good luck Chris!

[jjc]

And classic George Lane stochastics divergence basis the 5,3,3 stochastic - a stochastic high, a lower stochastic high, and then a stochastic high that is higher than the second indicator peak but lower than the first. Good luck J - I'm shorty too so my well wishes are a bit selfish as well ;)


well, sell another 100 to help the cause :)

j

[d-day]

well, sell another 100 to help the cause :)

j


I'm sellin' 'em, but Bernake and Paulsen keep buyin' 'em.

Dang it that Plunge Protection Team!


I took some off at +1R and moved my stop to breakeven, so what happens happens.

[d-day]

short again at 12580

[d-day]

short again at 12580

Currently at 12545, stop at 12567


DP target is 12528-12519 and if we get bullish divergence anywhere there or below I'll be looking for a potential rally with a close at or near the highs for the day.

Of course, we could be looking at Dow 12K by the end of the day - and I'll follow her where ever she wishes to go.

[d-day]

Currently at 12545, stop at 12567


DP target is 12528-12519 and if we get bullish divergence anywhere there or below I'll be looking for a potential rally with a close at or near the highs for the day.

Of course, we could be looking at Dow 12K by the end of the day - and I'll follow her where ever she wishes to go.


I have a buy limit to stop and reverse at 12524, but someone seems to be chompin' at the bit to buy this thing before she gets to that DP.

[tar001]

doesn't get a whole lot better than this
:D

[d-day]

I have a buy limit to stop and reverse at 12524

Here's to hoping that it won't be wrong to be long:cool:

[Steve Griffiths]

doesn't get a whole lot better than this
:D

Yep, +5.5R Profit - nice one !!

Steve

[Steve Griffiths]

Here's to hoping that it won't be wrong to be long:cool:

Yep, a nice profit for you as well David............ :)

Well done....

Steve

[d-day]

Here's to hoping that it won't be wrong to be long:cool:

Came within 3 ticks of my initial stop (12504) and since the stop based upon MTP rules is a mere 2 ticks above that, I'll keep my stop at 12504 for a bit longer. I got a bit worried when that first TS3 on the 3 minute er2 got stopped out.

[d-day]

Came within 3 ticks of my initial stop (12504) and since the stop based upon MTP rules is a mere 2 ticks above that, I'll keep my stop at 12504 for a bit longer. I got a bit worried when that first TS3 on the 3 minute er2 got stopped out.


I'm trailing my stop now. That ER2 TS3 looks good so far on the second bite of the apple.

[d-day]

That ER2 TS3 looks good so far on the second bite of the apple.

That TS3 on the 3 minute ER2 looks to have gone "Poof!" into ghost land. But it did so after the trade triggered. Why is that?

[d-day]

I'm trailing my stop now.

stopped at entry on the YM and short the es at 1383

[d-day]

stopped at entry on the YM and short the es at 1383



Still short, but beige book soon and we may get a bit whippy. Stop at 1385 on the short ES and hoping that if I'm taken out it isn't by a knee jerk reaction that reverses in my favor

[d-day]

Still short, but beige book soon and we may get a bit whippy. Stop at 1385 on the short ES and hoping that if I'm taken out it isn't by a knee jerk reaction that reverses in my favor


Ok, now that that's over my stop is 1382 on my short from 1383.

[d-day]

Ok, now that that's over my stop is 1382 on my short from 1383.


trying a long on the YM at 12520 as well

[d-day]

trying a long on the YM at 12520 as well

flat on the es and long and trailing the YM.


Anyone else see anything?

[TreeShaker]

I took a 3R profit on a 1236 ES DP short on 2min chart and then gave my profit back on 2 failed ER2 long trades @ 1332 and 1350. The ER2 DP that finally took off didn't have a blue buy bar for me.:(

[d-day]

Currently at 12545, stop at 12567


DP target is 12528-12519 and if we get bullish divergence anywhere there or below I'll be looking for a potential rally with a close at or near the highs for the day.

$INDU is currently up 60 points or so ... who else thinks we finish with a triple digit gain on the day?

[TreeShaker]

$INDU is currently up 60 points or so ... who else thinks we finish with a triple digit gain on the day?

I'll go with that.

[TreeShaker]

I can't keep track of your post D Day. Are you ahead?

[G Fryer]

Long the ES 10k @1379 @14:02EST. It makes up for all the failed 3min signals I had today!

G

[jjc]

short on the es 5min at 1393.25 but not looking too good at the moment

j

[TreeShaker]

short on the es 5min at 1393.25 but not looking too good at the moment

j

WHY? I don't see anything there and diver isn't calling and you can't say that this is a trending day.:confused:

[jjc]

short on the es 5min at 1393.25 but not looking too good at the moment

j

feeling much better about that trade now

j

[G Fryer]

Wow, what a smooth move... I didn't even look for it. The ES ran up against the DP projected off this morning's high, so one could have switched and reversed out of a long into a short. It ran down to the DP low's projection and is now reversing up. Now THAT is brilliant!

G, not easily impressed.

[jjc]

feeling much better about that trade now

j

trailing now - atr stop or moc

j

[d-day]

$INDU is currently up 60 points or so ... who else thinks we finish with a triple digit gain on the day?


Hmmmm ... of course that was not a "valid" prediction :rolleyes:

[TreeShaker]

I don't think we will have a triple digit gain today D Day. There was a lot of trades today. How many came out ahead. I finished dwn 0.3R. Not bad, but not good either.

[tar001]

This was the play of the day but I missed it due to no divergences. I have been trying to only take setups with divergences and it is what kept me out of the TS3 NQ sell setup(that failed) but then again it kept me out of this:confused:

[jjc]

WHY? I don't see anything there and diver isn't calling and you can't say that this is a trending day.:confused:


Hello TreeShaker

I had a DP with RSI divg - I have two different settings for the RSI and both gave a divg.

However, I must admit that prior to that trade I was on the phone with a fellow MTP trader and I guess I was trying to show off and took a stupid trade and got wacked for a nice loss per that show off. (motto of the story - dont be a showoff with real money) This trade made up for it though.

I posted the trade as live as I could and I hope this answers your question.



j

[TreeShaker]

Hello TreeShaker

I had a DP with RSI divg - I have two different settings for the RSI and both gave a divg.

However, I must admit that prior to that trade I was on the phone with a fellow MTP trader and I guess I was trying to show off and took a stupid trade and got wacked for a nice loss per that show off. (motto of the story - dont be a showoff with real money) This trade made up for it though.

I posted the trade as live as I could and I hope this answers your question.



j

Thank you for the post J. I guess the RSI gave you diver when the Stochastics didn't. Here's the next question. If you have them both up, which one do you believe?:confused:

[TreeShaker]

I don't think we will have a triple digit gain today D Day. There was a lot of trades today. How many came out ahead. I finished dwn 0.3R. Not bad, but not good either.

DIDN'T ANYBODY COME OUT AHEAD?

[Steve Griffiths]

DIDN'T ANYBODY COME OUT AHEAD?

Hi Treeshaker,

Did you not catch this brilliant +5.5R Profit on the 3min NQ ?

I ask because this would have made you well profitable for the day. And this is "without" the manual trades I highlighted earlier, particularly on the 3min AB which would have banked another +3R profit.

Yes there weer losses, using my "in-house" BETA version on the 3min automatic trades for yesterday there were 3 profits and 2 losses. Yes 1 of the profits was on the new DP code (which you dont have yet) and one (on the YM) whihch unfolded at the same time as the NQ short, so even ignoring these 2, there were 3 automatic trades (that were valid and filled) on the 3min charts yesterday for +5.5R -1 and -1 for a net +3.5R.

Again, if you add in my new DP Beta code that would be another +3R and then the +2R form the manual AB at the start of the day and you should have been nearer +8R or +9R for the day - which is almost the "double digit" return David Day was talking about....

Steve

PS, this was on eSignal, so other data feeds may be different so please do not email in saying you had different set-ups on a different data feed. Plus, please remember that I am using an "in-house" Beta that you all do not have yet.

Thanks

[chrisg]

Hi Steve,


I am a little confused with how many losses you have. I am using Esignal and have 2 more losses than what you show. They were both on the AB at 1:18 and 1:30 est both Ts3. The first is shown as a loss but the next at 1:30 has disappeared from the chart but was a valid trade that was triggered long. If you do market replay you will see that it appears but disappears. Both of these losses are shown on Ninjatrader though. Just a little confused. :D


chris

[Steve Griffiths]

Hi Chris

Yes the first loss was one I took account of in my list earlier.

I see what you mean on the second, it looks like the double bottom of the 13:30 to 13:33 bars has got in the way somehow.

We are working on a new version here "in-house" that I hope will resolve this.

It is all down to how the code works on the bar "in real-time" and "on the bar close", it is very involved, but I hope this should get this sorted for you.

Thanks

Steve

[chrisg]

I still come up with more losses 1 loss on the Ym at the open "DP". One loss on the NQ at 12:06 "TS3". Then you had that 5.5R profit on the NQ. Then 2 losses on the AB that i had talked about before. So still excluding that loss that is not shown that is 3 losses not 2. Not trying to be picky just calling them as they are. Even with these other losses though you still should have come out +1.5R on the day. That is not including the nice manual dp on the AB and the other AB dp that you could have done manually on Ninja at 10:54.

Chris

[Steve Griffiths]

As I said,

I am using a Beta version here "in-house" which has better DP code than your build 28, that is why I asked people not to start checking so carefully, as there will be differences. ;)

As you can see, my new DP code logic has improved the results nicely :)

Agreed, with the additional manual work, it should have been a great day yesterday....

Steve

[G Fryer]

I still come up with more losses 1 loss on the Ym at the open "DP". One loss on the NQ at 12:06 "TS3". Then you had that 5.5R profit on the NQ. Then 2 losses on the AB that i had talked about before. So still excluding that loss that is not shown that is 3 losses not 2. Not trying to be picky just calling them as they are. Even with these other losses though you still should have come out +1.5R on the day. That is not including the nice manual dp on the AB and the other AB dp that you could have done manually on Ninja at 10:54.

Chris

I can find three wins and three losses on my charts now, but I know there were a bunch of ghosted trades, since I took three of them. I ended up about 3.6R on the day after a lot of work.

Gillian

[chrisg]

What charts are you using? There was one that disappeared on the ES as a ts3 if i recall but it was not a valid trade since it was above wave points.


chris

[chrisg]

Also what time frames are you looking at? I am only looking at 3min due to the volatility in the market.

[chrisg]

I should qualify why i said that i was only trading 3min chart due to volatility. It may seem to make since to avoid the noise with 5min charts but the bars are very long and have bad
risk to rewards.


Chris

[chrisg]

long dp on er2 not looking so good

[chrisg]

any one else?

[chrisg]

stopped out

[Steve Griffiths]

Hi Gillian

Chris is tottaly correct on his reply, the TS3 sell at 12:06 on the 3min ES was NOT valid as it was beyond the WPT, that is why the softawrte did not dispaly it, this is working corretcly and as designed.

Also, the "valid" sell at 11:54EST was never filled.

I hope this helps ?

Steve

[TreeShaker]

Hi Treeshaker,

Did you not catch this brilliant +5.5R Profit on the 3min NQ ?

I ask because this would have made you well profitable for the day. And this is "without" the manual trades I highlighted earlier, particularly on the 3min AB which would have banked another +3R profit.

Yes there weer losses, using my "in-house" BETA version on the 3min automatic trades for yesterday there were 3 profits and 2 losses. Yes 1 of the profits was on the new DP code (which you dont have yet) and one (on the YM) whihch unfolded at the same time as the NQ short, so even ignoring these 2, there were 3 automatic trades (that were valid and filled) on the 3min charts yesterday for +5.5R -1 and -1 for a net +3.5R.

Again, if you add in my new DP Beta code that would be another +3R and then the +2R form the manual AB at the start of the day and you should have been nearer +8R or +9R for the day - which is almost the "double digit" return David Day was talking about....

Steve

PS, this was on eSignal, so other data feeds may be different so please do not email in saying you had different set-ups on a different data feed. Plus, please remember that I am using an "in-house" Beta that you all do not have yet.

Thanks

Hi Steve,
During that NQ short I was on the ER2 short. I made 3R profit on it. Not as good as 5.5 on your trade, but I was happy with it. I then had two -1R trades, so technically I was ahead 1R. But, as you know, Rs are not the same size, so my 3R position was $235 and my losers were $400 and I came out a $98 loser. Not bad, but not a good TREND. I asked the question because we all take trades that we shouldn't have, re: gut feeling or whatever. I saw many post in both directions and would have to stop trading just to keep score. So, how did everyone do? Am I the only 1R winner that lost?

[jjc]

Is that a valid TS2 on the NQ now at 10:09cst ?

j

[jojab]

TS2 tiggered on 3 min ER2. Same set up on NQ triggered.

[chrisg]

Just wanted some thoughts on what do you do when an apposing trade comes up against the trade you are already in? for example i am long off dp of nq but a ts3 sell is coming in? What to do?:)


chris

[jjc]

Just wanted some thoughts on what do you do when an apposing trade comes up against the trade you are already in? for example i am long off dp of nq but a ts3 sell is coming in? What to do?:)


chris


Well, you're long and I'm short

I took the TS 2 short because of the longer time frame that appears to me to be short bias.

But, I am scaling out of some positions to be on the safe side and not turn a winning trade to a loser trade.

j

[d-day]

I'm eyeballing potential long DP's on the ES and YM

[jjc]

Well, you're long and I'm short

I took the TS 2 short because of the longer time frame that appears to me to be short bias.

But, I am scaling out of some positions to be on the safe side and not turn a winning trade to a loser trade.

j

BTW, the short bias I'm referring to is the 15min time frame on the NQ.

The ES has hit it's DP from yesterday's LOD but not on the NQ.

I anticipate the small cap eminis to bring down the larger cap emini's

We shall see

j

[TAS]

Hi MTP trader,

A quick mind is calling for 2nd look at Steve's video regarding valid set-ups around WPT, anyone else out there can find the direct link to that old page for archived videos.

Much appreciated.:)

TAS

[jjc]

BTW, the short bias I'm referring to is the 15min time frame on the NQ.

The ES has hit it's DP from yesterday's LOD but not on the NQ.

I anticipate the small cap eminis to bring down the larger cap emini's

We shall see

j


Hit first target

Now trailing with ATR

j

[TreeShaker]

Well, you're long and I'm short

I took the TS 2 short because of the longer time frame that appears to me to be short bias.

But, I am scaling out of some positions to be on the safe side and not turn a winning trade to a loser trade.

j

How much did you get out of that J. I was short NQ and got 1R:)

[jjc]

How much did you get out of that J. I was short NQ and got 1R:)


TreeShaker, I'm trailing now with partials

j

[Steve Griffiths]

How much did you get out of that J. I was short NQ and got 1R:)

Hi TreeShaker,

How come you are out of the 3min NQ short with just 1 R the trade has not been stopped out yet........

In fact it just about to reach its 2.4R profit target........

You cant be using MTP guidelines ?

[chrisg]

Hi Steve

What would you have done if you were long off the dp and the ts2 came in on the nq?

[Steve Griffiths]

reversed, and banked the profit form the long DP trade.

[Steve Griffiths]

3min AB still falling - now at +3.8R :)

Steve

[jojab]

reversed, and banked the profit form the long DP trade.

How about the DP longs that triggered on the 3min ES and YM (11:48 EST) while that NQ and AB trade was about half-way to the short target?

I exited the short AB and went long the YM. The YM failed.

Currently in a 3 min DP long on the AB.

[d-day]

3min AB still falling - now at +3.8R :)

Steve

I bought the YM at 12320 at the break of the 12:10 1 minute bar high and I look like a genius.

Of course, I only look like a genius until I admit that I also bought the YM at 11:49 and 11:57 and closed each of those out for +2 ticks and +1 tick respectively, so here's to hoping the 3rd time is the charm. My stop is at entry.

[Steve Griffiths]

Hi JoJab, the YM, ES are differnet markets to the AB and NQ.....

[Steve Griffiths]

Hi all,

on the chart, +3.5R Profit on the TS2 sell and now long (but feeling nervous)

Steve

[jojab]

Hi JoJab, the YM, ES are differnet markets to the AB and NQ.....

Yes, but they are obviously highly correlated.

So, would you stay short the AB but then take the DP long on the YM or ES at the same time?

[TreeShaker]

Hi TreeShaker,

How come you are out of the 3min NQ short with just 1 R the trade has not been stopped out yet........

In fact it just about to reach its 2.4R profit target........

You cant be using MTP guidelines ?

I made a mistake Steve. I saw all the reverse signals coming out and the stochastics looked like they were weakening so I tightened up my stop. Poor choice.:(

[TAS]

Hi all,

on the chart, +3.5R Profit on the TS2 sell and now long (but feeling nervous)

Steve


Hi Steve,

Good short and nice reverse ( at least so far ), obviously you in-house version saved 1 loss based on 12:03 EST 3min bar as we MTP users may have experienced.

By the way, on the website , where to find old video file for topic like VALID SET-UPs AROUND WPT ?

Thank you

TAS

[Steve Griffiths]

Hi Steve,

Good short and nice reverse ( at least so far ), obviously you in-house version saved 1 loss based on 12:03 EST 3min bar as we MTP users may have experienced.

By the way, on the website , where to find old video file for topic like VALID SET-UPs AROUND WPT ?

Thank you

TAS

Here you go

http://www.mtpredictor.com/members/Feb2007.html

Thanks

[jjc]

I bought the YM at 12320 at the break of the 12:10 1 minute bar high and I look like a genius.

Of course, I only look like a genius until I admit that I also bought the YM at 11:49 and 11:57 and closed each of those out for +2 ticks and +1 tick respectively, so here's to hoping the 3rd time is the charm. My stop is at entry.

Yeah, Bernanke's impact might be over for today and time for corrective move.

But, I'm not betting on that just yet.

j

[d-day]

the stochastics looked like they were weakening so I tightened up my stop. Poor choice.:(

What on earth does that mean? "stochastics looked like they were weakening"

[d-day]

Yeah, Bernanke's impact might be over for today and time for corrective move.

But, I'm not betting on that just yet.

j

We did manage to tag the DP projected off the August 16 low, so a bottom of some sort should be, say, within 200-300 points or so ... down, that is.

[TreeShaker]

What on earth does that mean? "stochastics looked like they were weakening"

The peaks were starting to go the other way. What do you call it?

[Steve Griffiths]

Hi all,

on the chart, +3.5R Profit on the TS2 sell and now long (but feeling nervous)

Steve

Now another nice +2.4R Profit on the way up :)

Steve

[jjc]

We did manage to tag the DP projected off the August 16 low, so a bottom of some sort should be, say, within 200-300 points or so ... down, that is.

What about the decline from 12/11 on the Dow?

The retrace up from there might not start till tomorrow, huh? Or, the first part of next week?

Don't forget to alert me to be a buyer, ole grand master of trading. :D

j

[Steve Griffiths]

Now another nice +2.4R Profit on the way up :)

Steve

And just to keep us all honest ;) just been stopped out for a -1R loss, which is OK, especially after a +3.5R and a +2.4R profit, as we all know, that is just trading......

Steve

[jjc]

Took the TS3 on the NQ 3min

j

[jojab]

I took the TS3 short on the 3min YM.

Got stopped out of the NQ one a few minutes before that.

[jjc]

Took the TS3 on the NQ 3min

j

Booked partials (not per MTP rules) and trailing ATR now.

j

[Steve Griffiths]

I took the TS3 short on the 3min YM.



Good call there, just reached the first profit target - well done ;)

Steve

[jjc]

Booked partials (not per MTP rules) and trailing ATR now.

j

FWIW, the NQ's 15min ATR was my incentive to take short trades off shorter time frames today. It served as good trend filter today for me.

Few ATR trailers now since hiting first target on NQ 3min.

j

[chrisg]

How is it that i take every loosing trade and mis every winning trade?:confused: I am down -3R for the day.


chris

[jojab]

Long the 5 min YM on a DP

[jojab]

Long the 5 min YM on a DP

Stopped out.

[Steve Griffiths]

And just to keep us all honest ;) just been stopped out for a -1R loss, which is OK, especially after a +3.5R and a +2.4R profit, as we all know, that is just trading......

Steve

And now just reached the first profit targets for another profit today of +4.5R, that makes +8R so far today and this last trade is not even stopped out yet :)

Steve

PS, current short still running :)

[d-day]

How is it that i take every loosing trade and mis every winning trade?:confused: I am down -3R for the day.


chris

You gots to take 'em all or take none of 'em - then you'll not only take every losing trade (which you alreay are doing) but you will be taking all of the winning trades as well.

[G Fryer]

How is it that i take every loosing trade and mis every winning trade?:confused: I am down -3R for the day.


chris

Its Murphy's Market... you are always on the wrong side. I took three DPs this morning that all lost. I wasn't feeling well anyway, so a walked away for an hour, only to miss those great TS2 sells and the following DP buys.

Sometimes its like that! There is always another trade and always another day. Every trade is a new start, since the market doesn't know you or care one way or another.

Then I took two more TS3 sells both of which lost. This time, 3rd time was a charm and I am still in the ER2 TS3 sell from 13:45. At this point I have a B/E day.

Keep at it. The odds ARE in your favor with MTP.

Gillian

[jjc]

You gots to take 'em all or take none of 'em - then you'll not only take every losing trade (which you alreay are doing) but you will be taking all of the winning trades as well.

Doesnt Matt do that?

j

[Steve Griffiths]

Hi Guys

As I have shown, on "just" the 3min AB so far today, it was a +8R day................. MTP does not know who takes what, or whether you are trading or not, all we (MTP software) can do is give you the trades, what you all do with them, is then, up to you ;)

Steve

[Steve Griffiths]

As a PS,

And that is "without" any advanced and manual DP stuff, like now being long on the 3min AB and being up another +2R, that makes +10R for the day, or a "double digit" profit for the day like TreeShaker was looking for ;)

Got to go to the pub now, I have a few Beers on order to celebrate another very good day for MTP.......

See you all tomorrow

Steve

[scJohn]

And now just reached the first profit targets for another profit today of +4.5R, that makes +8R so far today and this last trade is not even stopped out yet :)

Steve

PS, current short still running :)

I got all of those signals on the 3-minute ER2 except for the C[TS3] around 13:45. :( Oh well. I usually see these signal differences in the morning session. Hopefully I am back in synch with the Buy DP around 14:42.

[TreeShaker]

FWIW, the NQ's 15min ATR was my incentive to take short trades off shorter time frames today. It served as good trend filter today for me.

Few ATR trailers now since hiting first target on NQ 3min.

j

That's profound J. I like that!:D

[TreeShaker]

How is it that i take every loosing trade and mis every winning trade?:confused: I am down -3R for the day.


chris

From my experience Chris, if you miss a good trade you try too hard to make up for it and take a so-so trade that loses. Then you get gun shy and miss the next good trade, and get upset and take another bad trade. What cycle:eek: It's hard to get it under control. If I do I'll let you know.:)

[TreeShaker]

And now just reached the first profit targets for another profit today of +4.5R, that makes +8R so far today and this last trade is not even stopped out yet :)

Steve

PS, current short still running :)

That's a nice trade Steve. I was thinking it was too far from the WPT so I paused on it too long. I think the first red bar didn't qualify and the second bar did. Am I right?

[G Fryer]

From my experience Chris, if you miss a good trade you try too hard to make up for it and take a so-so trade that loses. Then you get gun shy and miss the next good trade, and get upset and take another bad trade. What cycle:eek: It's hard to get it under control. If I do I'll let you know.:)


There is definitely a mental side to it that, if anything, makes you slower to react, even though the software takes out much of the emotion.

FWIW, I've noticed that when you are in the 'right trades,' you tend to ignore the 'wrong trades.' What I mean is that if you are in a trade and an opposing signal comes up, you really have to scrutinize whether to stay in or not, or reverse. You probably put more thought into it than if you were just waiting for a trade with the clock ticking once you see an alert. When you see an alert, you have to make your choices really fast, so you probably aren't as careful.

When I am on the right side of things, I trade less too.

G

[TreeShaker]

There is definitely a mental side to it that, if anything, makes you slower to react, even though the software takes out much of the emotion.

FWIW, I've noticed that when you are in the 'right trades,' you tend to ignore the 'wrong trades.' What I mean is that if you are in a trade and an opposing signal comes up, you really have to scrutinize whether to stay in or not, or reverse. You probably put more thought into it than if you were just waiting for a trade with the clock ticking once you see an alert. When you see an alert, you have to make your choices really fast, so you probably aren't as careful.

When I am on the right side of things, I trade less too.

G

Right you are Gil

[jjc]

I'm short on the nq trying to hit that 15min TS3

Just might make it too

j

[jojab]

3min DP buy on ER2.

[TreeShaker]

I'm short on the nq trying to hit that 15min TS3

Just might make it too

j

I think you just did J:D

[jjc]

I think you just did J:D

Whew !

check ur PM

j

[TreeShaker]

I just finished my day with a 1R on ER2 1min TS1 short. Gives me +2R, not the bragging rights of Steve's 8R, but any positive makes me happy.

By the way, nice trading Steve, it's good to see the master at work real time. Very encouraging. :D

[d-day]

What about the decline from 12/11 on the Dow?

The retrace up from there might not start till tomorrow, huh? Or, the first part of next week?

Don't forget to alert me to be a buyer, ole grand master of trading. :D

j


I just got long filled at 12272 ... Buy and hold if im not stopped out.

[jjc]

I just got long filled at 12272 ... Buy and hold if im not stopped out.


Ok and I see why you did.

I,m doing the DIA if im going to hold longer term.

Good luck to us

j

[d-day]

Ok and I see why you did.

I,m doing the DIA if im going to hold longer term.

Good luck to us

j

And we're off to a good start ... I'm keeping my fingers crossed and my eyes closed. I have my stop in and its working overnight.


Good luck - and by buy and hold I mean days, a week or two tops.

[d-day]

I just got long filled at 12272 ... Buy and hold if im not stopped out.


Well the YM was kind enough to rally 200+ points from my entry overnight, so I am moving my stop up to profitability.

Both the ES and the YM have rallied into the DP resistance zone projected off the 15:06 EST swing pivot. If we open there, I will likely try an opening DP short. If that materializes and works then I will be looking for a divergence bottom on the 1-3 minute charts where I will add to my YM longs.

Just a plan, and there is nothing to make it work out this way. But it is a scenario, and quite a possible one at that.

Good luck to all today.

[stylist]

Does the ym close today at 1:00 ct and the es nq and er2 at 3:15 ct ?

[Eddo]

Has anyone else been told today that wef yesterday, the cost of getting the YM data on eSignal will now be $60 per month

That seems like a hell of a lot to have to pay for just one market data - anyone else been told the same thing? In my own case whilst $60 pm isn't exactly a massive amount I don't intend to pay them that and will go back to monitoring the good old $INDU instead :mad:

[stylist]

Yes im using tradestation and from this month im paying 55$ for the cbot real time data to trade the mini dow it was free untill 2008

[jjc]

Has anyone else been told today that wef yesterday, the cost of getting the YM data on eSignal will now be $60 per month

That seems like a hell of a lot to have to pay for just one market data - anyone else been told the same thing? In my own case whilst $60 pm isn't exactly a massive amount I don't intend to pay them that and will go back to monitoring the good old $INDU instead :mad:


I'm not paying that either and I think we should all boycott the YM !!!

j

[Eddo]

I'm not paying that either and I think we should all boycott the YM !!!

j

Now thats a thought - lol

[Angel]

Hello jjc,

Concerning the boycott of the YM :rolleyes:, which e-minis contracts of the CME market do you advice to trade (HIGH liquidity, volatility..etc....) ?

Thanks

Happy trading

Angel

[jjc]

Hello jjc,

Concerning the boycott of the YM :rolleyes:, which e-minis contracts of the CME market do you advice to trade (HIGH liquidity, volatility..etc....) ?

Thanks

Happy trading

Angel

If you roll your eyes and want to pay the extra $60 per month , well, that's up to you. I'm sure you've been trading long enough to know what else is available that has high liquidity , volatility..etc.


But, ask yourself this question; 'what would the CBOT do if their volume dropped off?'

Happy trading to you too

[d-day]

Has anyone else been told today that wef yesterday, the cost of getting the YM data on eSignal will now be $60 per month

That seems like a hell of a lot to have to pay for just one market data - anyone else been told the same thing? In my own case whilst $60 pm isn't exactly a massive amount I don't intend to pay them that and will go back to monitoring the good old $INDU instead :mad:

Hi Chris,


Yes, its been the talk of the town. Since CME bought the CBOT, you'd think they would just bundle the YM data into the existing e-mini package and raise the price of that package by a few dollars. However, now that the exchanges are public for profits this is the way it will be. I do not like it, but I have no problem making the 12 ticks it takes to cover the additional data nut.

My only concern will be how this affects liquidity. If volume declines precipitously, I will focus my efforst elsewhere.

d-day

[Eddo]

Hi Chris,


Yes, its been the talk of the town. Since CME bought the CBOT, you'd think they would just bundle the YM data into the existing e-mini package and raise the price of that package by a few dollars. However, now that the exchanges are public for profits this is the way it will be. I do not like it, but I have no problem making the 12 ticks it takes to cover the additional data nut.

My only concern will be how this affects liquidity. If volume declines precipitously, I will focus my efforst elsewhere.

d-day

Yes I agree - in the meantime I am currently long the AB on a DP reversal - anyone else?

[jojab]

Short the YM on 3min TS4. TS3 also triggered on ES.

[jjc]

Short on ES per ts3 3min chart

j

[jjc]

Short on ES per ts3 3min chart

j

taking partials (not mtp rules)

j

[Eddo]

Yes I agree - in the meantime I am currently long the AB on a DP reversal - anyone else?

Closed when ES short was fired for a very quick and very nice 3.1R gain - nice start :)

[d-day]

Short on ES per ts3 3min chart

j

me too, short at 1351 - and if any of you missed it, she's still right around there so it may not be too late lol

Good Luck

PS IMO, though, if this rally doesn't hold, it still looks like we may need one little poke higher before these shorts work real well. In othe words, if stopped out, I'll be looking for an opportunity to re-enter short with divergence

[jjc]

me too, short at 1351 - and if any of you missed it, she's still right around there so it may not be too late lol

Good Luck

PS IMO, though, if this rally doesn't hold, it still looks like we may need one little poke higher before these shorts work real well. In othe words, if stopped out, I'll be looking for an opportunity to re-enter short with divergence


gl

took more partials off and atr trail now

win win now :)

btw,i was all over that ts3 because it was also poc @ 1355.5

j

[Eddo]

Closed when ES short was fired for a very quick and very nice 3.1R gain - nice start :)

~This was my little Russell Long straight out of the gate - my fingers were working overtime because it was so fast but turned out to be a very nice start to the day - hope some others caught this as well

BTW Chris - I think this answers your question re opposing DP's and what do I do -if the market is not looking strong at that point - in this case it wasn't and I exited fast

[TreeShaker]

Short the YM on 3min TS4. TS3 also triggered on ES.

I'm with you, working so far.:)

[TreeShaker]

I'm with you, working so far.:)

Took 1 lot profit for 3.4R (not per MTP) on the YM 3 min TS4

[jojab]

Took 1 lot profit for 3.4R (not per MTP) on the YM 3 min TS4


I took it off as well at 12241 (half at 12241/half at 12244), which is the DP off Wave B. After a brief pause at that level, it is running lower now though.

[jjc]

gl

took more partials off and atr trail now

win win now :)

btw,i was all over that ts3 because it was also poc @ 1355.5

j

flat at 1st target

j

[jjc]

guys - taking partials is not per mtp rules so dont blame dday or i if your risk reward comes back to haunt you


j

[Steve Griffiths]

Hi Guys

Hod on here comes the decline....................

Nice that the TS3 sell on the ES got you all in at the high of the day :)

Steve

[jojab]

guys - taking partials is not per mtp rules so dont blame dday or i if your risk reward comes back to haunt you


j

I'm not sure if you were refering to my post, but my logic for taking profits where I did on the TS4 on the YM were:

1. STF was not below the strength bands on the current move (at the time).
2. We hit the DP off the wave B on the YM.
3. We were hitting the profit targets for the corresponding TS3 on the ES.

[jjc]

I'm not sure if you were refering to my post, but my logic for taking profits where I did on the TS4 on the YM were:

1. STF was not below the strength bands on the current move (at the time).
2. We hit the DP off the wave B on the YM.
3. We were hitting the profit targets for the corresponding TS3 on the ES.

good job jojab :)

j

[TreeShaker]

Wow! Did you all pack your parachutes for this drop?:eek:

[TreeShaker]

Nervous time! Is it time to take profit on ?? (YM for me) or use the ATR and leave some profit on the table? Hovering in a DP and stoch is starting to turn up. I call that weakening stoch Dave. LOL What do you call it?

[davidh]

Hi,
I haven't been able to trade for a couple of days :( and now I have tuned in again I find I don't have a YM feed anymore (eSignal) . Could someone please advise me what I now have to subscribe to to get it?
Thanks
David

[TreeShaker]

The YM 15 min was showing a DP and stochastics were turning up so I took profit for 6.9R. :D Best I've done since beginners luck in first week of trading.:cool: I know a bunch of you were on whichever instrument you chose take the ride down, so hurray for us!:D

[TreeShaker]

Hi,
I haven't been able to trade for a couple of days :( and now I have tuned in again I find I don't have a YM feed anymore (eSignal) . Could someone please advise me what I now have to subscribe to to get it?
Thanks
David

Read the post for the last few days David. Everyone was talking about it. It will bring you up to date.

[jojab]

Possible TS4 on ER 3 min setting up.

[davidh]

Read the post for the last few days David. Everyone was talking about it. It will bring you up to date.

Ah, yes, I see. Thanks.

[TreeShaker]

Did anyone take any of the upside DPs at the bottom of the big profit slide? I can't think up while working on down, but I know some of you better traders do.

[jjc]

L ES looking for 1339.75

j

[jojab]

Possible TS4 on ER 3 min setting up.

Stopped out...

[tar001]

who needs the YM? hahah I had a great day yesterday with the NQ long at the first DP then reversed and went short then went long again and sold at the last red arrow. So the YM is gone and soon the Russell will be gone? I have a feeling that the mini dow volume will drop off so it may not be the trading instrument it is now.
:D

[TreeShaker]

Did anyone get into the 2min YM TS2 that is now at ATR 5.2R?

[G Fryer]

The US markets were supposed to be closed today... I am looking at the screen and I see the set-up (WOW!!!) but I am not getting any updated data... Was CME/CBOE open for a few hours only?

G

Ahh... equity indexes were open until !0:30 this morning. Drat that would have been a great trade. So TreeShaker, were you in the trade?

[TreeShaker]

The US markets were supposed to be closed today... I am looking at the screen and I see the set-up (WOW!!!) but I am not getting any updated data... Was CME/CBOE open for a few hours only?

G

Ahh... equity indexes were open until !0:30 this morning. Drat that would have been a great trade. So TreeShaker, were you in the trade?

No, I didn't get in. I couldn't decide which direction to believe. LOL I was hoping to get some enlightenment.

I didn't see anything on the mkts being closed today. My charts are updating as usual. What's that all about?:confused: Oh, I see now, King day. Charts have stopped now.

[billm]

For those willing to deal with the shorter term 1 minute time frame in the mini indices there were many trades today. I had 6 losers 6 winners, for a net 16.6R R return after transaction costs. Normally I am at 3 out of 10 when trading mini's, so today was unusual.

-billm

[Steve Griffiths]

For those willing to deal with the shorter term 1 minute time frame in the mini indices there were many trades today. I had 6 losers 6 winners, for a net 16.6R R return after transaction costs. Normally I am at 3 out of 10 when trading mini's, so today was unusual.

-billm

Wow a 16.6R return !, that is a great result - well done

Steve

[d-day]

For those willing to deal with the shorter term 1 minute time frame in the mini indices there were many trades today. I had 6 losers 6 winners, for a net 16.6R R return after transaction costs. Normally I am at 3 out of 10 when trading mini's, so today was unusual.

-billm

16.6R is indeed a great day. Could you break the trades down for us Bill. I trade the emini's on 1 minute charts but I did not trade today.

Congartulations on a great day of trading!


Thank you,

d-day

[Matt Bowen]

It appears that over the weekend the eSignal turned all DOW Futures subscriptions to delayed (unless you were paying for the full CBOT exchange).

If you are a current customer having trouble with your DOW Futures subscription please contact your eSignal sales representative at 1-800-815-8256

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[billm]

here is part of my blotter from today, apologies in advance if it doesn't come through or is illegible.

5:32 -4 YMH8 11759
6:05 4 YMH8 11662 1940.00 -60.00 1880.00
6:53 -2 ESH8 1278.25
7:07 2 ESH8 1278.25 0.00 -30.00 -30.00
6:59 3 ER2H8 649.30
7:10 -3 ER2H8 649.30 0.00 -45.00 -45.00
7:09 -3 ESH8 1279.75
7:30 3 ESH8 1275.25 675.00 -45.00 630.00
7:30 2 ESH8 1275.25
7:34 -2 ESH8 1272.75 -250.00 -30.00 -280.00
7:35 3 ESH8 1274.50
8:14 -3 ESH8 1281.00 975.00 -45.00 930.00
8:26 3 ESH8 1278.25
9:00 -3 ESH8 1281.00 412.50 -45.00 367.50
8:35 8 NQH8 1790.00
8:44 -8 NQH8 1790.00 0.00 -120.00 -120.00
8:58 -4 ER2H8 650.00
9:49 4 ER2H8 644.20 2320.00 -60.00 2260.00
9:24 3 ESH8 1277.75
9:25 -3 ESH8 1275.75 -300.00 -45.00 -345.00
9:31 3 ESH8 1273.00
9:41 -3 ESH8 1273.00 0.00 -45.00 -45.00
9:51 -4 ESH8 1274.75
10:06 4 ESH8 1272.50 450.00 -60.00 390.00
9:51 -5 YMH8 11706
10:07 5 YMH8 11658 1200.00 -75.00 1125.00



-billm

[Russell Stagg]

16R in a day - respect.:)
That's a bit lower than normal ( I find 4.3 / 10 ) is that down to the "noise" element of a 1 min chart do you think?

[Russell Stagg]

16R in a day - respect.:)
That's a bit lower than normal ( I find 4.3 / 10 ) is that down to the "noise" element of a 1 min chart do you think?

I'm combining 2 bits of information and making confusion in that last post.
The 4.3 refers to the win loss ratio which billm had as normally 3 / 10.

[Steve Griffiths]

Hi Russ,

If you look at Bill's results you will see many "scratch" trades, which he is counting as losses.

This is where we must be so careful with blind statistics because here some of his losses are not really losses they are break-even trades.

What is important is the SIZE of his profits to losses. He made such a good returns by keeping his losses small. This is what is important and what so many newer traders do not understand, and why simply looking at just the win/loss ratio is so misleading sometimes....

Steve

[Steve Griffiths]

Hi Guys

The FTSE just this morning is yet another perfect example of this, two trades so far today, one -1R loss and now the secind on a +10R Profit !!

Large profits and small losses - that is the key to successful trading and not just the number of winners/losers.....

Steve

[Steve Griffiths]

As a PS,

The -1R loss in my FTSE example is actually a worst case scenario, because more than likely most traders would have raised their protective stop on this trade and as such taken a far small loss - nearer break-even.

So yet again, this makes just the pure "number" of profits to losses less important.

Steve

PS. I wish I had a $1 each time somebody just asked us about win/loss ratio without putting it into context of the size of winners and losers ;)

[d-day]

Hi Guys

The FTSE just this morning is yet another perfect example of this, two trades so far today, one -1R loss and now the secind on a +10R Profit !!

Large profits and small losses - that is the key to successful trading and not just the number of winners/losers.....

Steve

Good thing you were facing the right way on the FTSE, Steve. DP short on the YM was doing well til the fed rate cut announcement ran the YM 200 points through the stop loss. I'd post a chart but by screenshot software is giving me trouble again. Suffice it to say it was not a pretty picture.

Dangerous trading today - and US traders need to be aware how close the index futures are to "Limit Down" so you don't want to get caught long with a whole position when a quick air pocket drop to limit down could wipe out a months profits and then some depending upon where it trades whent the clock turns and they let her trade again. The NQ did hit limit offer overnight.

[Steve Griffiths]

Good thing you were facing the right way on the FTSE, Steve. DP short on the YM was doing well til the fed rate cut announcement ran the YM 200 points through the stop loss. I'd post a chart but by screenshot software is giving me trouble again. Suffice it to say it was not a pretty picture.

Dangerous trading today - and US traders need to be aware how close the index futures are to "Limit Down" so you don't want to get caught long with a whole position when a quick air pocket drop to limit down could wipe out a months profits and then some depending upon where it trades whent the clock turns and they let her trade again. The NQ did hit limit offer overnight.

Hi David,

Good advice for everybody - be careful out there, better to miss a trade and control the losses, rather than get greedy and reckless and lose your shirt.

Steve

[d-day]

Hi David,

Good advice for everybody - be careful out there, better to miss a trade and control the losses, rather than get greedy and reckless and lose your shirt.

Steve

Well I hardly think I was being reckless - I had a stop loss - its just when the market jumped there was no liquidity where I needed it.

[Steve Griffiths]

Hi David,

No I did not mean you.

I was just saying that your post was very good advice for people to be careful out there today. It was not any reference to any of your trades. If you thought that, then I apologize, I did not mean that, I was just seconding your post for the less experienced traders to be careful today, like you said.

Steve

[jjc]

Well I hardly think I was being reckless - I had a stop loss - its just when the market jumped there was no liquidity where I needed it.

Didnt you tell me your prediction for today was;

short @ 9cst

long @ 10cst (LOD)

HOD @ 13cst

This I got to see


j

[Eddo]

Hi Guys

The FTSE just this morning is yet another perfect example of this, two trades so far today, one -1R loss and now the secind on a +10R Profit !!

Large profits and small losses - that is the key to successful trading and not just the number of winners/losers.....

Steve

Steve - what symbol are you using for the FTSE? - the $UKX-FTSE hasn't produced any auto setsup today - I want yours !!

Just seen the auto set up on the 3 min - my speakers weren't on so I missed it

[Eddo]

Good thing you were facing the right way on the FTSE, Steve. DP short on the YM was doing well til the fed rate cut announcement ran the YM 200 points through the stop loss. I'd post a chart but by screenshot software is giving me trouble again. Suffice it to say it was not a pretty picture.

Dangerous trading today - and US traders need to be aware how close the index futures are to "Limit Down" so you don't want to get caught long with a whole position when a quick air pocket drop to limit down could wipe out a months profits and then some depending upon where it trades whent the clock turns and they let her trade again. The NQ did hit limit offer overnight.

Hi David

Yes and so did the ES, and the AB early this morning UK time - very uncomfortable feeling that was until they fired up again on the re-bound of the FTSE which seemed to help

[TreeShaker]

Good thing you were facing the right way on the FTSE, Steve. DP short on the YM was doing well til the fed rate cut announcement ran the YM 200 points through the stop loss. I'd post a chart but by screenshot software is giving me trouble again. Suffice it to say it was not a pretty picture.

Dangerous trading today - and US traders need to be aware how close the index futures are to "Limit Down" so you don't want to get caught long with a whole position when a quick air pocket drop to limit down could wipe out a months profits and then some depending upon where it trades whent the clock turns and they let her trade again. The NQ did hit limit offer overnight.

Dave, I'm not familiar with what you are talking about. Could you educate the people like me about this "limit down"?

[Steve Griffiths]

Dave, I'm not familiar with what you are talking about. Could you educate the people like me about this "limit down"?

limit move - Definition

The largest price change allowed for a given futures contract in a single day, as determined by the exchange. also called maximum price fluctuation.

[TreeShaker]

here is part of my blotter from today, apologies in advance if it doesn't come through or is illegible.

5:32 -4 YMH8 11759
6:05 4 YMH8 11662 1940.00 -60.00 1880.00
6:53 -2 ESH8 1278.25
7:07 2 ESH8 1278.25 0.00 -30.00 -30.00
6:59 3 ER2H8 649.30
7:10 -3 ER2H8 649.30 0.00 -45.00 -45.00
7:09 -3 ESH8 1279.75
7:30 3 ESH8 1275.25 675.00 -45.00 630.00
7:30 2 ESH8 1275.25
7:34 -2 ESH8 1272.75 -250.00 -30.00 -280.00
7:35 3 ESH8 1274.50
8:14 -3 ESH8 1281.00 975.00 -45.00 930.00
8:26 3 ESH8 1278.25
9:00 -3 ESH8 1281.00 412.50 -45.00 367.50
8:35 8 NQH8 1790.00
8:44 -8 NQH8 1790.00 0.00 -120.00 -120.00
8:58 -4 ER2H8 650.00
9:49 4 ER2H8 644.20 2320.00 -60.00 2260.00
9:24 3 ESH8 1277.75
9:25 -3 ESH8 1275.75 -300.00 -45.00 -345.00
9:31 3 ESH8 1273.00
9:41 -3 ESH8 1273.00 0.00 -45.00 -45.00
9:51 -4 ESH8 1274.75
10:06 4 ESH8 1272.50 450.00 -60.00 390.00
9:51 -5 YMH8 11706
10:07 5 YMH8 11658 1200.00 -75.00 1125.00



-billm

How do you make your log? I assume that this post is a copy/paste. I just use pencil and paper and wouldn't want to type all that for a post so I didn't think you typed all that just for a post.

[TreeShaker]

limit move - Definition

The largest price change allowed for a given futures contract in a single day, as determined by the exchange. also called maximum price fluctuation.

Thanks Steve,
Is it constant or arbitrary?

[jojab]

TS3 short on 3 min YM.

[d-day]

TS3 short on 3 min YM.

I'm with you - short the YM at 11998

[G Fryer]

I'm not getting YM data (graphs are still showing yesterday), though I paid for it... Tradestation is having problems today. There's also a TS1 on the ER2 3min and TS3s all over the ES.

Gillian