NexusFi: Find Your Edge


Home Menu

 





TF day trading


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one bluemele with 759 posts (1,373 thanks)
    2. looks_two vovan348 with 99 posts (57 thanks)
    3. looks_3 HighRise1202 with 77 posts (21 thanks)
    4. looks_4 Big Mike with 43 posts (74 thanks)
      Best Posters
    1. looks_one bluemele with 1.8 thanks per post
    2. looks_two Big Mike with 1.7 thanks per post
    3. looks_3 PandaWarrior with 1.6 thanks per post
    4. looks_4 vovan348 with 0.6 thanks per post
    1. trending_up 233,625 views
    2. thumb_up 1,786 thanks given
    3. group 65 followers
    1. forum 1,324 posts
    2. attach_file 239 attachments




 
Search this Thread

TF day trading

  #391 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
Platform: nt
Posts: 407 since Sep 2010
Thanks Given: 266
Thanks Received: 274


bluemele View Post
I had the 76 fib pullback on the longer term chart on that long. You are right, that would have been a nice entry. (I was done as I couldn't focus)

If you trade off bearish divergence after a big run, then I believe you will make a lot of challenging shorts possibly. Since QE2 issues, there have been a TON of setups just like this where the market then shoots up up up.

Separated (WIDE) bands just means VOLATILITY or MOVEMENT and it has two choices. 1. BULL FLAG (which is what has been happening regardless of separation and 2. A retracement to some good area.

I am now cautious on what you have perceived as it is what I learned also, but take a look back in early February and boy, oh boy, that would have killed you much like it did me. I pretty much use divergence as a last indicator after AREA, MACD's, the way the bars are moving up/down (strong/weak) and then divergence last. I got my ass handed to me the last few weeks trading divergence.

I have pretty much given up on divergence unless the market has been open for a while, trending well and then forms some divergence. With the government intervention it has been like standing in front of a freight train. The market dynamic using this system has changed significantly in the last few months and it is eye-opening.

That is why I believe it o-so-important to see different market attitudes to know what is possible, likely etc. if it doesn't work out.

Thanks for your input, and it is greatly appreciated! I just have a block accepting some of it. haha...

Yes, I looked up B. Bands and it said they measure volatility. However, in the videos Henry says widening bands mean sideways. ???

Visit my NexusFi Trade Journal Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Ninja Mobile Trader VPS (ninjamobiletrader.com)
Trading Reviews and Vendors
Are there any eval firms that allow you to sink to your …
Traders Hideout
Better Renko Gaps
The Elite Circle
Build trailing stop for micro index(s)
Psychology and Money Management
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
37 thanks
NexusFi site changelog and issues/problem reporting
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #392 (permalink)
 travelinman 
Chester Springs, PA
 
Experience: Intermediate
Platform: NinjaTrader 8
Broker: NinjaTrader Brokerage
Trading: ES, 6E, CL
Posts: 43 since Apr 2010
Thanks Given: 107
Thanks Received: 50


HighRise1202 View Post
Yes, I looked up B. Bands and it said they measure volatility. However, in the videos Henry says widening bands mean sideways. ???

Trailing Bands mean Sideways, not widening Bands.

Reply With Quote
  #393 (permalink)
 
Silvester17's Avatar
 Silvester17 
Columbus, OH
Market Wizard
 
Experience: None
Platform: NT 8, TOS
Trading: ES
Posts: 3,603 since Aug 2009
Thanks Given: 5,139
Thanks Received: 11,527



HighRise1202 View Post
Yes, I looked up B. Bands and it said they measure volatility. However, in the videos Henry says widening bands mean sideways. ???

to measure volatility, bollinger bands can certainly do that. however to make them work correctly, you need time based charts. not saying they are useless for tick charts, just not for measuring volatility.

Reply With Quote
Thanked by:
  #394 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842


Silvester17 View Post
to measure volatility, bollinger bands can certainly do that. however to make them work correctly, you need time based charts. not saying they are useless for tick charts, just not for measuring volatility.

I have used BB's on time and tick based charts and I do agree they work better as boundaries and price action areas (like we use Keltners) on Time Based Charts vs. Tick.

Wide Bands means that volatility did occur etc.. Close bands, low volitility, ready for nice moves.

Think about what needs to happen to create a 'trailing band' technically and what do you think that means? There is your answer.

Hint: A very big move.

What does price typically do after a very big move?

Hint: Stall, Consolidate, Range, wait for a direction from the 'people'

What direction will it go after this consolidation?

Hint: Your guess is as good as mine, go to a higher time frame to make an educated guess.

That is all that I do or know, but you will find that it will always (almost always always always) be a major area where it consolidates.

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #395 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842

Ok, wow, what a market!

I could not get filled on my short entries. Chase, chase, chase, chase!

Had I not had my 3 limit of trades I would have probably been ok today, but it saves me from bigger mess! I figured it was coming down and nailed the price action, but I guess I didn't see the big 'pops' happening.

What is up w/ this lack of volume? 15 - 144 tick bars before the market open??? Holiday today? Did I miss something?

video

Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #396 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842

Ok, 1 good entry, no follow-through hit it perfect at the 76 retrace and I was patient.

Due to the slow movement and lack of volume I was a bit cautious. I am seeing the price action pretty clearly, but sure would save myself some effort if I just followed Horst's advice...

2 other BE trades for trend continuations which were not good trades.

Video

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #397 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
Platform: nt
Posts: 407 since Sep 2010
Thanks Given: 266
Thanks Received: 274


bluemele View Post
Ok, wow, what a market!

I could not get filled on my short entries. Chase, chase, chase, chase!

Had I not had my 3 limit of trades I would have probably been ok today, but it saves me from bigger mess! I figured it was coming down and nailed the price action, but I guess I didn't see the big 'pops' happening.

What is up w/ this lack of volume? 15 - 144 tick bars before the market open??? Holiday today? Did I miss something?

I made a gift in the same area you did. Did you notice the 610? It's pattern is what I call a skipping stone. Horst pointed it out and likes it. It's a low curve of BBs that slows coming into the band. Then it skips and continues on another low curve or straight.

Visit my NexusFi Trade Journal Reply With Quote
  #398 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842


HighRise1202 View Post
I made a gift in the same area you did. Did you notice the 610? It's pattern is what I call a skipping stone. Horst pointed it out and likes it. It's a low curve of BBs that slows coming into the band. Then it skips and continues on another low curve or straight.

Not sure what you mean? You mean a bull flag bounce off the band when it hits support? I looked at it again but could you post an image? Always up for learning!

Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #399 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
Platform: nt
Posts: 407 since Sep 2010
Thanks Given: 266
Thanks Received: 274


bluemele View Post
Not sure what you mean? You mean a bull flag bounce off the band when it hits support? I looked at it again but could you post an image? Always up for learning!

Image attached. The pattern looks like a low curve, slowing down, curving gently to the band, then skipping off...just like a stone off water. This is a pretty fair example except for the one zigzag before the skip.

Attached Images
 
Visit my NexusFi Trade Journal Reply With Quote
  #400 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842



HighRise1202 View Post
Image attached. The pattern looks like a low curve, slowing down, curving gently to the band, then skipping off...just like a stone off water. This is a pretty fair example except for the one zigzag before the skip.

Yup! Bullflag is what I call it. Lately if it is in that direction it skips a TON!

When I first started this method it was the opposite. When it would look like that, it would go short in a heartbeat, but the shorts would just skip all the way to the bottom! It is coming from the side as Henry says, so not as strong.

Lately what is interesting is if you have a band narrowing and large separation from the top then it will just bounce on the two bands and keep going up! The only thing I watch for is how separated the 377 is if it is already underneath the band. Still, hard to predict as with that picture you would expect it to get below the band!

Visit my NexusFi Trade Journal Started this thread Reply With Quote




Last Updated on July 12, 2012


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts