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ACD trading By Mark Fisher
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ACD trading By Mark Fisher

  #201 (permalink)
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On Wednesday's i use OR of 8.30 am till 9.45 am 99.25- 96.99. Some body was looking at 99.25. Short, 99.16, stop loss 99.31. cover 98.70. Thats all one can do during reports days or be long with enough buffer zone to accomodate noise. Target is 98.50, scene of crime for breakout of Glob-ex high but I did not wanted to wait for another 20 minutes for 20 ticks. 98.50 breaks, 98 becomes target, and so on.

So, based off my OR, we have a failed A down so far.


As usual I covered too quickly, CL back at 98.20. 11.04 am. Waiting to see what European close does to the 98 level

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  #202 (permalink)
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mfbreakout View Post
Yes, FT even though dominant trading is done between 9- 2.30 pm eastern time. Mark fisher started using cash close as reference points 5 months ago, so i switched also.

There is no official rule, how to use the pivots.

Both is possible. As it depends on self-fulfilling prophecy, I will probably to continue to watch both options and then find out, which works best.

The volume gradually shifts away from the regular trading hours. The volatility and volume during the European session are approaching those of the US session. When the physical floor has disappeared, there will be few arguments to cling to the RTH session.

However, I tend to favor the settlement price over the cash close. My indicator allows to select from both ETH and RTH session and cash close and settlement, no problem with that one.

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  #203 (permalink)
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mfbreakout View Post
As usual I covered too quickly, CL back at 98.20. 11.04 am. Waiting to see what European close does to the 98 level


They could not break 98 level during euro close. long 98.12. had to wait for 2 hours to get some ticks. Out mostly 98.80.


Last edited by mfbreakout; December 21st, 2011 at 02:12 PM.
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  #204 (permalink)
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Fat Tails View Post
There is no official rule, how to use the pivots.

Both is possible. As it depends on self-fulfilling prophecy, I will probably to continue to watch both options and then find out, which works best.

The volume gradually shifts away from the regular trading hours. The volatility and volume during the European session are approaching those of the US session. When the physical floor has disappeared, there will be few arguments to cling to the RTH session.

However, I tend to favor the settlement price over the cash close. My indicator allows to select from both ETH and RTH session and cash close and settlement, no problem with that one.

I was shocked to learn that there are no floor traders left. I thought MF traders are all on the floor. They told me 3 months ago, they pulled everyone off floor 3 years ago and they only trade off floor. According to them only option traders are left on the floor.

To me it seems like, 80% of trading opportunities are done by 11.40 pm, right after euro close unless there are macro news and we have a trend. Look what has happened today and yesterday after 11.30. Nothing really, unless one gets a position and hold and PRAY.

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  #205 (permalink)
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They could not break 98 level during euro close. long 98.12. had to wait for 2 hours to get some ticks. Out mostly 98.80.


Like most of the days, CL easy trading opportunities were over by 12 pm. Right after euro close.

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  #206 (permalink)
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ACD

pre market 12-22-2011

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ACD trading By Mark Fisher-2011-12-22_0740_pre_market.png  
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  #207 (permalink)
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ACD


mfbreakout View Post
pre market 12-22-2011

40 to 50 ticks moves may be noise for lot of traders but this is what I want everyday - with more volume and lesser holding time.

Prices moving up and down 60 ticks in a minute- i find difficult to trade. I call this trading Price Action.

Sorry for Jim Cramer - the CLOWN- picture. I love watching him sweat at John Stewart show from couple of years ago though.

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ACD trading By Mark Fisher-2011-12-22_1100_intraday.png  

Last edited by mfbreakout; December 22nd, 2011 at 12:26 PM.
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  #208 (permalink)
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Fat Tails View Post
I just notice that for the 3-day-pivot range you used

-> the ETH high and low
-> the last traded price at 5:15 PM EST

whereas I typically use

-> the RTH high and low
-> the settlement price around 2:30 PM EST

My rolling pivot range is therefore at 95.16 / 96.55 instead of 95.17 / 96.76

Fat Tails,
I like your 3DRP tool where it shows both ETH and RTH, that's very cool.. Where can I get my hands on one of those?
Thx,
Jedi

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Fat Tails,
I like your 3DRP tool where it shows both ETH and RTH, that's very cool.. Where can I get my hands on one of those?
Thx,
Jedi

Just apply the SessionPivotsRolling V38 indicator twice, once with ETH setting and once with RTH settings.

Also select different colors for the pivot ranges.

https://futures.io/download/ninjatrader-7/indicators/714-download.html?view

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mfbreakout View Post
I was shocked to learn that there are no floor traders left. I thought MF traders are all on the floor. They told me 3 months ago, they pulled everyone off floor 3 years ago and they only trade off floor. According to them only option traders are left on the floor.

To me it seems like, 80% of trading opportunities are done by 11.40 pm, right after euro close unless there are macro news and we have a trend. Look what has happened today and yesterday after 11.30. Nothing really, unless one gets a position and hold and PRAY.

Seems like when trading went electronic, energy and metals activity shifted from NY hours to London hours.

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