My Trading Style
I donīt use any indicator derived of price, unless pivots can be classified like that.
I mark my charts with this lines
Pivot lines (calculated on session data)
Yesterday Open, High, Low, Close
Today Open
I manually mark overnight session Highs and Lows
All those in ES
In YM I add lines at round numbers 10000,10100,9900.
I like to see how price is behaving when it gets closer to those levels and anticipate fading it depending on what I see big players doing there.
I have a times and sales window showing 50+ lots.
My charts show big lots on ES over 275 with a small dot and big dots when order is above 400 contracts. Those I get with an indicator named BiglotsBlockAlert that is provided by Integrity Traders Indicators.
Also I have an indicator named BigLots from Integrity Traders, that plots two lines in a Accumulation and distribution fashion:
1 Big lots, that show the acc/dist of orders above certain level, I use that to see what orders of 50+ lots are totaling.
2 All Trades Lines, that show the acc/dist of all the orders placed.
I mainly watch what the big lots participants are doing with the dots appearing in my chart and based on that I try to fade an uptrend if big sellers are appearing at a level I watch and also there is divergence to the downside of price and All trades lines.
When I see divergence I try to place a sell order a little above of the last high, trying to get the reversal at the highest point possible. Sometimes I miss the reversal.
Then I take quick profit at 4 or 5 ticks, most of the time.
If the trade does not move quickly in my favor I get out with 1 tick loss or scratch.
I mark my charts with this lines
Pivot lines (calculated on session data)
Yesterday Open, High, Low, Close
Today Open
I manually mark overnight session Highs and Lows
All those in ES
In YM I add lines at round numbers 10000,10100,9900.
I like to see how price is behaving when it gets closer to those levels and anticipate fading it depending on what I see big players doing there.
I have a times and sales window showing 50+ lots.
My charts show big lots on ES over 275 with a small dot and big dots when order is above 400 contracts. Those I get with an indicator named BiglotsBlockAlert that is provided by Integrity Traders Indicators.
Also I have an indicator named BigLots from Integrity Traders, that plots two lines in a Accumulation and distribution fashion:
1 Big lots, that show the acc/dist of orders above certain level, I use that to see what orders of 50+ lots are totaling.
2 All Trades Lines, that show the acc/dist of all the orders placed.
I mainly watch what the big lots participants are doing with the dots appearing in my chart and based on that I try to fade an uptrend if big sellers are appearing at a level I watch and also there is divergence to the downside of price and All trades lines.
When I see divergence I try to place a sell order a little above of the last high, trying to get the reversal at the highest point possible. Sometimes I miss the reversal.
Then I take quick profit at 4 or 5 ticks, most of the time.
If the trade does not move quickly in my favor I get out with 1 tick loss or scratch.
