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SPY vs. SPY


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Updated by Tiberius
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SPY vs. SPY

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  #1 (permalink)
Market Wizard
Coos County New Hampshire
 
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This journal is about a trading method that I learned while attending my 1st and only workshop that cost me $XX00.00 It was exactly 3 years ago when I was an attendee. This method is nothing new to the trading community, it is trading one time frame against another larger one. The instructor a 40 year veteran of stock trading then futures trading, traded the 2 minute chart against the 8 minute chart. 4X. His assistant traded the 5 minute chart against the 15 chart minute. 3X. They traded the ES and it was about finding 2 to 3 trades a day, RTH morning hours, for 2 to 3 points.

When I was a kid, I didn't read comic books, but I did read MAD magazine.



And such, instead of trading the ES, I am going to trade SPY. And if my experiment with SPY vs. SPY is successful, I will graduate to the ES with this trading method.

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  #3 (permalink)
Market Wizard
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and the template:



The Chart:

as we, start the experiment.

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Market Wizard
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I am posting this chart as a warm up into next week for the SPY vs. SPY thread. I am using the Double Stochastics because that was the mainline in the futures workshop. So that is with, what I will start. I may experiment with my favorite indicator such as the Schaff. Whether the Double Stochastics or the Schaff, they are cyclical in nature and illustrate a mathematical quality of price. Just as long as the plotted indicator mirrors the price action and trend. I am using CCI (14) bars and they paint as if the CCI was plotted as an indicator. I am so use to seeing these painted bars, that I always use them and they do reflect price action. I suppose, I could remove both double stochastics and just use the two charts, but the double stochastics will be more like a filter so not to over trade. The flooded background is a Zero Lag MA that I found on Sharky's teaching tread, it floods the background when the trade is A1 prime. So I like to know that aspect of price action. I will review the chart to come up with some trading rules.




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Market Wizard
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working on a rule set:



Charts have all time frames and indies moving in the same direction with the same qualities:



I like that both DSs came off the bottom, almost together.


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Market Wizard
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Continuing from the last set-up, this set-up had the 8 min DS still in a rally cycle phase while the 2 min DS revisited the bottom of Panel 3 and cycled higher again.

When the 8 min DS was moving higher and the 2 min was moving lower the ES was sideways. In between the trade set-ups.


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Market Wizard
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On the RTH market open, the market was slow and sideways so I clicked from SPY to ES. And later the market picked up steam to the downside. The template illustrates some good relationships between the 2 and 8 minute double stochastics. I am studying these patterns to draw a few basic conclusions.




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Market Wizard
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going out on a limb. on the 2 min chart there is a lot of overlap on the ZLEMA so I think we are nearing a reversal of sorts.



And then I looked at the 3 min chart and see divergence.



lets see what happens


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Market Wizard
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the bottom on the previous post didn't hold. Incorrect. The divergence on the 3 minute chart didn't hold, but now we have divergence on the 2 minute chart with the double stochastics with some green bars and blue DSs.




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Market Wizard
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Experience: Intermediate
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Broker: IB
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Posts: 1,552 since Feb 2010
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One last post in this series of today, as I watch the market action with the double double stochastics. As we go into the close, the Big Boyz remain short, GS said so. The 2 min DS followed the dips following the last post. The 8 min DS remained blue and refused to turn red as price chopped lower and now the some shorts are covering.




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June 27, 2012


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