Trading the SLA/AMT Intraday

[Trading the SLA/AMT Intraday]

Nice call on 28 Schaefer! What made that your target? Just a breach of the low?

[20 EMA and Patterns]

I checked out a couple days worth of the 1 min NQ with a 100 ema and it looked pretty ugly IMO. But no one has posted the last couple days so maybe it was just a rough couple of days for this method. How have the last few days been with ES and CL for you guys watching those markets?

[Tweezers & Shooting Stars]

Today there were 4 tweezer/shooting star set ups in CL. I only took the last one (+35). The reason I did not take the beautiful shooting star is because the risk would have been too great for my style. I put the SL 1 or 2 ticks beyond the candle that provides the star/tweezer. The reason I did not take the next two tweezers was because price was well beyond the 2nd SD and to me that was in no mans land - scary! The third set of tweezers was also outside of the 2nd SD but it was not so far away and was just coming out. It was a judgement call. Shorted at 8100 with a 8 tick stop. Because it was the end of the day I decided to ride her down to the 1st SD + some. From the way things ended I got out just in time.

 

 

A side note on the above tweezers. I don't like em. I prefer for tweezers to have long wicks. However, according to the candlestick sensei Steve Nison "Tweezers are two or more candlestick lines with matching highs or lows." He goes on to state "The tweezers could be comprised of real bodies, shadows, and or doji." (page 88, Japanese Candlestick Charting Techniques)

 

How have your setups been working lately? Are you still mainly trading these or have you made adjustments? I usually don't watch CL....

[ProfLogic's Method]

Yes, it was recently automated for both grey box and black box applications utilizing MultiCharts and eSignal.

I freely provide the indicator for a few charting programs: MultiCharts, Tradestation, NinjaTrader & AmiBroker. The AmiBroker code is the weakest because it is the oldest and hasn't been updated in a long time.

I only offer the box applications to former students and I no longer teach.

The information on the method is freely available on EliteTrader but you have to search for it. I have a book on my site but free is a lot better, just takes a bit of birdogging on the site.

The key to what I do is the volume bar charts but I'm told Sierra doesn't build them correctly.

I use multiple chart increments as well but I embed them and build them into a single chart instead of trying to watch multiple charts, less distraction.

The TSI is the same as the ERG. I prefer the ERG because it can be adjusted and tuned easier.

Email at wm.schamp@pricephysics.com and let me know if you want one of the free indicators.

 

 

 

Really? I always heard that it was Tradestation that didn't build the volume bars correctly. My Sierra charts have always looked fine. I'll check and see what other charting programs works best with my platform then I'll shoot you an email.

 

Thanks!

[ProfLogic's Method]

Ask a specific question and I will answer it.

If you live in Vegas I can direct you to someone that can explain it in person in about 30 minutes but you will have to buy him lunch.

 

Logic,

Was this system ever automated ? Do you provide or sell the code?

I was reading through the thread over on ET. Sorry, but could you explain what is meant by: "prime"? And "breach" just means a breakout, or a hh or ll correct?

 

I would like to understand the system a little better but the terminology has thrown me off a bit.

 

Your system seems eerily similar to the one I trade in terms of using an oscillator and multiple charts/time frames to look for confluence!

 

Is the ergo indicator you use also known as a True Strength Index indicator? I didn't see it on Sierra Charts.

[Tweezers & Shooting Stars]

 

 

What are you basing your S/R levels on? Just wondering if these are major levels (ie. daily monthly) or just intraday levels? Earlier you mentioned you use VWAP intraday as well, correct?

[Trader P/L 2010]

Several things:

1. I still suck at trading

2. I have never traded the YM or NQ so I am unfamiliar with how they move bar by bar

3. YM/NQ/ES all move in similar ways so switching between them when they are all setting up or beginning to move from news is tricky. I'm not used to watching multiple futures that move often in tandom.

 

I almost never trade bonds right now.

 

What got me interested in oil and grains was that they can move quickly and often without a whole lot of choppiness. Of course, that changes over time. I trade far too many markets right now and I am currently figuring out how to scale back.

 

My plan right now is trade 2 futures on smaller time frames and keep an eye out on the others with larger time frame charts. I hate to look at some future in retrospect and see that there was an obvious reversal opportunity if I had only noted the S/R level that was obvious and then kept an eye out for its approach to that price.

 

I'd also like to get so I can hold some positions for many days if I got primo position on a large time frame chart without having to use a 50 tick stop.

 

I've heard this many times and am realizing it more now, that many trading methods are good in a trending or a choppy market but not both. This leads me to think you have to do one of the following:

1. find a way to determine what each day is going to be before trading and then use the matching method (not sure anyone has a good way to predict if the days action will be trending or nontrending)

2. find a method of trading that works in both

3. trade your method on both types of days but try to set rules to limit losses on a day that is not ideal for your method

4. give up and play the lotto

 

That is more than you asked but I had a few more things on my mind.

 

Thanks for the response! I was mostly asking because I've always just looked at the YM, NQ, and ES. I've just started looking into oil and gold for the same reasons that you stated. Just wanted to see what the difference was in your eyes as far as some of the more common markets like YM and NQ versus the others. Meaning was it more choppy, or just different overall.

As for as the options you listed as the end of your post - figuring out whether it will be a choppy or trending day is almost impossible. It's always obvious after the fact. I suggest setting loss limits and either changing strategies or calling it a day if one just isn't working. You know all the cliches by now - "live to trade another day", "capital preservation on tougher days is just as important if not more important as winning days", etc. If the market isn't behaving the way you like to trade, then just don't trade.

[Trader P/L 2010]

SIM

+179

 

Started trying the YM and NQ today.

 

 

Dinero,

 

What was it you think that gave you trouble on the YM and NQ? How did they compare to bonds, grains, and other markets you usually trade?

[What is Your Trading Style/system?]

Anyone here use a Heikin Ashi Oscillator (HACO) to pick off trades? It can be used for scalping, trending, and everything inbetween. I had to pay for the indicator, about 10$, but it has paid for itself easily.

 

Here's a screen shot, eur/jpy 1 min chart and 2 min chart, indicator set to 200/200 up/down trend.

 

Hey Jay,

 

Where did you buy that indicator?

[Trader P/L 2009]

Thanks so much for the kind words, I should add to what I said that it is a very real possibility to be a pro trader if you put in the time and research all info for your style. From my stand point it is all available on the internet. I have no special skills to put me where I am now; only obsession and desire to be a trader in the early days (roughly 5 years back).

 

So again,

 

Thanks

 

Chris

 

Congrat on your success! Just out of curiosity what are your targets like? Point-wise I mean. I'm just wondering if you're trading huge lots for a few ticks of if you're catching big moves, or somewhere in between. I apologize in advance if you've answered this question in the past...

[Trader P/L 2009]

Holy Freaking Oil trades. Today was and probably will continue to be a great day to trade oil. I am really busy at work so I can't keep trading it. I should have had a record day but I am still struggling with trailing my stops too close on the big oil moves.

 

Check out how much of the move I missed on this one. I arrowed my entry and exit. All the move between the circles was lost for me. About 120 ticks lost on a trail that was 5 ticks too close. I did better later on and kept my stop at breakeven though I was up 20 ticks and got stopped out at breakeven. The 3rd move I was in, I thought a 15 tick trail would be reasonable and once again I got stopped out only to miss out on more of the move. I am still working on this.

 

I will be shocked if Brownsfan's P/L isn't amazing today. So far 3 oil moves, each giving a possible 100 ticks each. What a day. I couldn't even watch the ZS I was so focused on oil.

 

 

SIM

+$380

 

 

Hey Dinero,

 

What tick chart is that?

[Trading 30 T-Bond]

Most of your questions can be answered here in the CME 30-Year Bond Specification.

Not sure about your Sierra issue (don't use that charting package) so you may check with them on that. The ones I have used required 3 spaces between symbol and front month for Bond/Note configuration.

 

Yeah I checked that page out to begin with . Thanks anyway for the link though. Here's what I got from as far as tick values -

 

One thirty-second (1/32) of one point ($31.25), except for intermonth spreads, where the minimum price fluctuation shall be one-quarter of one thirty-second of one point ($7.8125 per contract).

 

So 1 tick is $7.8125 during intermonth spreads (?) and during normal days $31.25. Hopefully BrownsFan can jump in and correct me if I'm wrong.

Also, I was able to pull up the chart on Sierra. There seems to be gaps between the 1 minute price bars. Not sure if this has to do with the spread or not. I'm only used to seeing the typical ES,YM, and NQ charts.

Anyone have a recommendation for constant volume or tick charts? 250,500,1000?

 

Also anyone with any recent charts they could post I'd appreciate it. I'm also playing around with different time frames myself, but would like to see what others are looking at too!

 

Thanks again guys!

[Trading 30 T-Bond]

Im also interested in taking a look at the 30 year bond charts but cant seem to pull it up on Sierra charts. The symbol is ZBZ9 correct? And as far as tick size, I was able to find this:

 

Tick Size - One half of 1/32 of a point ($15.625 per contract) rounded up to the nearest cent per contract; par is on the basis of 100 points

 

Thats a little confusing to me! I've read a few old threads on here but overall there isn't much info.

 

Is it possible to trade the 30 year during US afterhours? I recall a post stating that the liquidity is still there.

 

Thanks for any info!

 

**** Just say this post on another forum. Looks like 1 tick is now $31.25 correct?

 

On Sunday, August 30, 2009 (trade date Monday, August 31, 2009) the minimum tick size for 30-Year U.S. Treasury Bond futures will increase from ½ of 1/32nd of a point to 1/32nd ($31.25). The change will be applied to all expiration months. The minimum trading increments for futures intermonth and intercommodity spreads, as well as options, will be unchanged. This tick increase does not impact any other Treasury futures contracts.

 

As a result of the tick size change, CME Group will modify the T-bond futures settlement procedure for Friday, August 28, 2009. In order to ensure that Friday settlement prices are in increments of a full 1/32nd , CME Group will calculate outright contract settlement prices by applying current settlement procedures and rounding them to the nearest 1/32nd price increment.

 

Additionally, customers are asked to cancel all 30-Year T-Bond outright futures Good Till Cancel (GTC) and Good Till Date (GTD) orders by 4:03 p.m. CT on Friday, August 28, 2009. After 4:05 p.m. CT on Friday, August 28, 2009 all remaining 30-Year T-Bond outright futures GTC and GTD orders will be cancelled by the CME Globex Control Center (GCC). 30-Year T-Bond outright futures GTC and GTD orders may be re-entered during the Pre-Open period (4:15 p.m. - 5:30 p.m. CT) on Sunday, August 30, 2009.

 

If you have any questions, please contact:

 

Jonathan Kronstein (312-930-3472)

[Trading The Wyckoff Way]

I had issues with this at first as well. Just accept that you aren't going to catch all the moves, but make sure you trade the ones you know to be good set ups. One step at a time. Otherwise you'll take way too many trades and lose any confidence you would have in any of one of the setups.

 

 

This is very very good advice.

[Scalper Buys/Sell Replica]

May God have mercy to those who do not know how to Google...

 

I googled " November 2009 emini chart with scalper buy/sell inidcator" but didn't get many results. Thanks for the contribution though.

 

If anybody has anything meaningful to add I'd be interested. I hadn't seen this indicator until I came across this thread. It looks to be similar if not the same as the 3br.

[Scalper Buys/Sell Replica]

Looks like this thread was started back in 07 unless I misread it. Could someone post a recent chart with this indicator? Just wondering if it's still effective on the eminis.

 

Thanks!