Day Trading AG Setups.....

[torero]

I'm studying that right now, testing out the pivots and fibs on different session types. Anyone has some input into this area on how well they work on what charts, tendencies, etc?

[TinGull]

I use the pivots on the pit session hours with the electronic markets, and they work very well. Here's one from the beans on Thursday...

[cooter]

Excellent. Just so I can follow, what indicator are you using at the bottom of your charts?

[TinGull]

Thats a Volume Breakdown indicator. It's showing the net difference between the number of contracts sold vs number bought. It's great to see in real time as the buying or selling starts decreasing coming into a pivot point.

[cooter]

Is that one available for Tradestation? I didn't see it in the Indicator section here.

[TinGull]

Im not sure if its available in a line on close chart like I've got it. It is available as the TickDelta indicator, and I think that walterw wrote one that is an oscillator type.

[TinGull]

Just to give another example of how this delta indicator would work...take last monday. Corn opened limit down and wheat and soy soon followed. Notice the buying activity (blue line) diverging with price action at the previous day's low. Not being able to get above this is a bad sign...and then we drop like a stone down to daily S2, where we get another divergence showing us...let's get long now! Just a couple sweet setups in wheat.

[cooter]

Looks interesting. I'll have to see if I can find this for TS, or code it up myself. Thanks!