ES 1-14-09


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  • VOwater
  • 14-Jan-2009 at 8:05 AM
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  • BruceM
  • 14-Jan-2009 at 11:14 AM
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we have a selling tail and single prints...how many more clues do we need to avoid buying low under these conditions.....so they will smack us around a bit today...
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  • BruceM
  • 14-Jan-2009 at 11:16 AM
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at least es and YM are spiking volume at the same time now....
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  • ak1
  • 14-Jan-2009 at 11:20 AM
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My technique is simple and here it is:
On a 1 min chart apply a 10 period (High) Simple moving average and an 8 period (Low) SMA. Now when the MACD passes above the zero line(Zero line is where the Histogram is formed) from below and you get a green candle whose open and close are above the 10 SMA go long. Now when the MACD passes below the zero line from above and you get a red candle whose open and close is below the 8 SMA go short. Today is a wonderful day where there were good shorts as the MACD was below the zero line. MACD settings are 12/26/9
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  • VOwater
  • 14-Jan-2009 at 11:30 AM
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  • Posts: 4,121


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  • VOwater
  • 14-Jan-2009 at 11:35 AM
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  • JackS65
  • 14-Jan-2009 at 11:45 AM
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  • BruceM
  • 14-Jan-2009 at 11:47 AM
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have you ever incorporated the premium into divergences VO ? I did in th past but my current data doesn't support the $prem..I have the weekly projection....( the second one) down at 830...so we are close
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  • VOwater
  • 14-Jan-2009 at 11:52 AM
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yeah bruce I used to pay attention to premium but I dont anymore...i will bail on this awful long im in at be which is 41
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  • BruceM
  • 14-Jan-2009 at 11:53 AM
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unfortunately my longer term stuff in making me hold this.....so this is a good test for me mentally.....after all it's easy to lose money trading.....we have a composite that was run from the 10-10-08 low /date as we have consolidated since that time....with very little time spent below

there....

http://www.mypivots.com/forum/topic.asp?TOPIC_ID=3667&whichpage=2

look there for reference

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  • myptofvu
  • 14-Jan-2009 at 11:53 AM
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quote:
Originally posted by ak1

My technique is simple and here it is:
On a 1 min chart apply a 10 period (High) Simple moving average and an 8 period (Low) SMA. Now when the MACD passes above the zero line(Zero line is where the Histogram is formed) from below and you get a green candle whose open and close are above the 10 SMA go long. Now when the MACD passes below the zero line from above and you get a red candle whose open and close is below the 8 SMA go short. Today is a wonderful day where there were good shorts as the MACD was below the zero line. MACD settings are 12/26/9



Thanks AK

How do you determine your profit target(s) and can you post some snapshots of your method for visualization?
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  • pt_emini
  • 14-Jan-2009 at 5:08 PM
  • Rep: 5,707
  • Posts: 1,941
quote:
Originally posted by Maria

Nice charts that hit the spots ptemini. How do you trade them?

TIA


That is a short at the 261.8 Fibonacci extension level (845.75).
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