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ES multiday CIT estimation
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ES multiday CIT estimation

  #1 (permalink)
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ES multiday CIT estimation

This thread is to help us keep on the correct side of multiday trends in the ES and to switch direction as soon as it is clear the trend has changed.

Everyone is welcome to post here.

Keep your mind in the future, in the now.
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  #2 (permalink)
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  #3 (permalink)
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CIT or not?


This post was for last night (Sunday 20 Oct), but internet prbs

The day cycle indicates soon, the chart indicators still up, and mondays have been continuation days lately so CIT not expected today (Monday 21 Oct 13).

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http://screencast.com/t/3d3SqiuDedH

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The fun is in the numbers
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sideways no CIT

Monday

Today's action in ES was a narrow sideways chop of 7.75 range in RTH.
2013-10-21_1946 - aquarian_ian's library

I consider it not a CIT as yet.
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aquarian1 View Post
This post was for last night (Sunday 20 Oct), but internet prbs

The day cycle indicates soon, the chart indicators still up, and mondays have been continuation days lately so CIT not expected today (Monday 21 Oct 13).

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2013-10-20_2239 - aquarian_ian's library


aquarian,

where do you see trend changes around period 8/29 through 9/6, 9/19 through 9/25, and 10/9 through 10/13? it would be great if you marked or annotated the chart.

thanks,
tihfa

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Hi Aquarian,

Thanks for starting the thread. Do you think you could expand a little on your "day cycle"and the indicators you mentioned. What tools are you using to keep you on the correct side of the trend, and to determine when the top or bottom is in?

Thanks so much!
Joe

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  #7 (permalink)
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Objectives


bluecrow View Post
Hi Aquarian,

Thanks for starting the thread. Do you think you could expand a little on your "day cycle"and the indicators you mentioned. What tools are you using to keep you on the correct side of the trend, and to determine when the top or bottom is in?

Thanks so much!
Joe

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Hi Joe!

Thanks for the questions.

Let me start by saying that this thread is my attempt to stay on the correct side of the trend and is certainly open to others chiming in with their thoughts. The idea is to not announce the CIT to late or too soon.

I recently did up a hand chart and started kicking myself about not keeping it up-to-date and this thread is to had some discipline to stay on top of trend changes.

The choice of the 240 min was to show enough for a multiday (approx 5-14 days) and not be too close in to forget where I am in the heat of the battle.

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recent CITs


tihfa View Post
aquarian,

where do you see trend changes around period 8/29 through 9/6, 9/19 through 9/25, and 10/9 through 10/13? it would be great if you marked or annotated the chart.

thanks,
tihfa

Edit replaced table which had days dif as the label over columns with
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Notice the fall from either 2 or 5 Aug (a double top of 1705) is 16 TD from 5 Aug so in the pink header bar add 16TD.
This gives
down 16TD,
up 15 TD,
down 14 TD,
up ?TD .... (8TD to 22 Aug)

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Last edited by aquarian1; October 23rd, 2013 at 01:05 PM.
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aquarian,

thanks a lot for annotation. i appreciate the effort you put into it.

i will spend time tomorrow to go through the notes.

tihfa

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tihfa View Post
aquarian,

thanks a lot for annotation. i appreciate the effort you put into it.

i will spend time tomorrow to go through the notes.

tihfa

Please note edit to table.

Though I have entered low 24 June that was before I started my hand chart on 5 Aug, and if done by hand perhaps some more up and downs.

I think behind your question of where I see the High and Lows is the question of trading time frame.

Let me say that I started this thread through annoyance with myself on not keeping my intraday hand chart up-to-date and therefore not recognizing the multiday trand change on Wed 9 Oct - which was so obvious on the weekend when I caught up with my work and completed it.

I trade intraday - that is day trade. During some periods the multiday trend is not so important - but in this last uber-ridiculous debt ceiling ramp til Friday 18 Oct, at 2 by 1 speed, trading the short side is plain stupid.

We had gap up on Thursday and green bars everyday.
(green on my daily hand chart posted above is higher high and higher low than yesterday.)


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