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Trading the 6E Old School, With a Twist


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Trading the 6E Old School, With a Twist

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  #141 (permalink)
 AttitudeTrader 
Dallas, TX, USA
 
Experience: Intermediate
Platform: NinjaTrader, T4
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Just wanted to share this chart showing a fairly dramatic example of the Bollinger Bands and their reflection of volatility in the ES this morning.

I have the BBands plotted at the bottom of my chart.

After the first 45 minutes of the session, volatility dropped significantly (according to the BBands) and remained low for a protracted period of time (about an hour and 15 minutes).

The distance between BBands continued to shrink until they were very close together, and then price exploded up.


Cashish View Post
The self-evident truth about volatility is, low volatility leads to high volatility and high volatility leads to low volatility.

Very cool.


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  #142 (permalink)
 eminitrdr 
Marietta, Oh USA
 
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@Cashish,

I'm still hard at it...

emini

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  #143 (permalink)
 eminitrdr 
Marietta, Oh USA
 
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I entered on a stop sell @84 (2 below swing low) and selling pressure (BBand expansion). I had my target of 74 (2x BUY before I entered.

emini

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  #144 (permalink)
 eminitrdr 
Marietta, Oh USA
 
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@Cashish,

I do believe the pieces are coming together. Thanks again for all your help.

emini

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  #145 (permalink)
 Cashish 
Miami FL USA
 
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eminitrdr View Post
@Cashish,

I do believe the pieces are coming together. Thanks again for all your help.

emini


@eminitrdr Yes, I believe you're putting together some very nice trades, well done. I sent you a PM, not sure if the charts went through, let me know if they're missing.

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  #146 (permalink)
 eminitrdr 
Marietta, Oh USA
 
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@Cashish,

Another nice morning. I just wonder where price is headed...hmmm.

The charts you mentioned above were missing.

Have a great weekend. I'm sure you will .

emini

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  #147 (permalink)
 Cashish 
Miami FL USA
 
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I'll post the charts here, I marked the targets, I'll PM you the trades. The third chart is this mornings chart. I'm targeting the POC @ 1.2716 (for now).







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  #148 (permalink)
 Cashish 
Miami FL USA
 
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Mister Boombastic
all for fun





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  #149 (permalink)
 eminitrdr 
Marietta, Oh USA
 
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If ya wanna learn the Old School, read the entire thread as many times as necessary to understand the basic concept/idea. Mr Cashish explains his method in great detail.

Is it easy, NO. Does it take a lot of time, effort, hard work, dedication, screentime, etc...YES, at least for me.

Here is just some of the prep work I do before each trading day.

emini

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  #150 (permalink)
 Cashish 
Miami FL USA
 
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Spent a few days in Islamorada


Sunset, almost missed it.





Sunrise, was a little cloudy that morning but the day was beautiful.


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