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eric J's indicator free Emini journal


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eric J's indicator free Emini journal

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  #31 (permalink)
 Jeff Castille 
Northern California
 
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OK... yeah... I've seen that indicator and noticed the problem. I was guessing that you had one that was fixed !

You know, I've known several excellent traders that use the three bar reversal and I've been wanting to see if I could incorporate it into my trading.

Thanks, Jeff

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  #32 (permalink)
 Eric j 
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Heres the template , hope it goes through .

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Register to download File Type: xml Divergence 2.xml (37.1 KB, 42 views)
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  #33 (permalink)
 Jeff Castille 
Northern California
 
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Cool... thanks.

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  #34 (permalink)
 Jeff Castille 
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Hi Eric,

I'm wondering how you came up with the settings for your Double MA?

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  #35 (permalink)
 Eric j 
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I was shown a way to use a 55 EMA 10 SMA crossover that held a theory the price should come back to the 55 EMA when it stretches away from the 55 EMA .

It was too slow for defining trend so I cut the 55 in half . I definitely dont use the MA to enter , its just there for reference .

This template was set up by me to research divergences . So far its working OK but not as well as trading without the indicators .

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  #36 (permalink)
 Eric j 
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Heres what I see on the longer timeframes ...

1038 resistance and 1027 support . Next support 1016 . What I do see here is that the uptrendline that has held well for about 2 weeks is being violated at sundays open . I've attached the closer look at this trendline violation . What convinces me the bears are serious is that the 1st trendline break that closed below the trendline never traded below that candle . This break is different in that price is clearly trading below the second candle that closed below the uptrendline .

Attached Thumbnails
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Name:	ES longer timeframe week of 9 14 09.jpg
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ID:	2055   Click image for larger version

Name:	ES longer timeframe week of 9 14 09 closer look.jpg
Views:	240
Size:	74.8 KB
ID:	2056  
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  #37 (permalink)
 Eric j 
NY
 
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Eric j View Post
Heres what I see on the longer timeframes ...

What convinces me the bears are serious is that the 1st trendline break that closed below the trendline never traded below that candle . This break is different in that price is clearly trading below the second candle that closed below the uptrendline .


So much for that theory , for now.

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  #38 (permalink)
 Eric j 
NY
 
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I wasnt going to trade today but decided I would try the PM session . I got 2 break evens , actually I netted $15 so I can have Mcdonalds tonite . What happened again today was a no fill on a nice continuation . 4 bars closed in 1 minute when price broke the resistance level at 1040.25 . I am considering applying a stop or stop limit order where I am anticipating an entry .

What was more encouraging was my indicator based method produced nicely , I was watching it but not trading . I always use a 12 ticks up or 12 ticks down and shut it down rule to keep me out of the days I am up and wind up losing or a downward spiral day wishing I left with ONLY a 12 tick loss . Using that rule , last week this method could have profited a total of 12 ES ticks on a 610 tick in 18 trades .That was the lowest timeframe that works well with it . Today it could have produced the 12 ticks up on the 1st 3 trades ( 4 tick target ) and done for the day at 1045 .

Attached Thumbnails
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Name:	ES 9 14 09 PM session 2 break evens.jpg
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ID:	2089   Click image for larger version

Name:	ES 9 14 09 Momentum template 4 winners.jpg
Views:	230
Size:	87.0 KB
ID:	2090  
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  #39 (permalink)
 Eric j 
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I got lazy with journalling . I vow to record what I'm doing due to the fact that I have a hard time getting sidetracked when I journal (focussing on what I already know hasnt worked for me in the past) if I journal my market activities .

On the NQ I see 1731,1706,1689 as resistance and areas to sell . I see 1650 as suppor and an area to buy . The daily is in an uptrend and showing a minor downtrend within .

I was ready to go short a close below 1689 but price rocketed past it and forget shorting . I got a short signal at 1306 and went short on a 2b that produced nicely . I exited the 1st contract at the 50 % level and held the 2nd contract to test the support at 1689 but closed it out shortly thereafter for a gain of 20.75 points .

Attached Thumbnails
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Name:	NQ 10 6 one trade.jpg
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ID:	3153   Click image for larger version

Name:	NQ 10 6 09 one trade daily.jpg
Views:	229
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ID:	3154  
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  #40 (permalink)
 Eric j 
NY
 
Experience: Advanced
Platform: Esignal, MBT navigator
Trading: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,396 given, 2,576 received


Yesterday was OK , today not so much . I saw 1706 as resistance and an area to sell and got a signal to short , I reversed on the next bar ( it closed above the prior bars high ABOVE 1706 ) with a small loss on the short and price drifted like a liferaft 300 miles from shore . Result was -27 NQ points The details and plan are on the screenshot . No problem , there are plenty of days like today - I'll deal with them and learn .

Attached Thumbnails
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Name:	NQ 10 7 09 2 trades.jpg
Views:	244
Size:	74.7 KB
ID:	3195  
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