Dentalfloss
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probably,the only way to trade them is to go to a lower timeframe.perhaps tne one minute chart as a trigger.so long as you can filter out the noise.or even buy the signals fom sir william
Dentalfloss
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have you looked at bbmac" thread on trade2win.entitled "comprehensive trading methodology"
excellent stuff.init he links the 1 min and 5 min with the 30 min
excellent stuff.init he links the 1 min and 5 min with the 30 min
Dentalfloss
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bbmac is for candlesticks.if you want point and figure,then look at the holygrail thread on elitetrader.entitled " how to read price action with p/f "
if you want the sir william stuff on market profile look at the thread entitled " 3-2-1 trading" on elitetrader.you will need mp software .updata,esignal.have it
if you want the sir william stuff on market profile look at the thread entitled " 3-2-1 trading" on elitetrader.you will need mp software .updata,esignal.have it
wallstreet1928
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"5 mins left before I finish work and then I'm off out for a bit ........
those of you interested i have opened up a short on FTSE
Short FTSE 4273 ......stop loss 4300
target 4250 - 4200 - 4150 - 4000........haha!! I wish......"
amend stop loss to 4265..............
those of you interested i have opened up a short on FTSE
Short FTSE 4273 ......stop loss 4300
target 4250 - 4200 - 4150 - 4000........haha!! I wish......"
amend stop loss to 4265..............
wallstreet1928
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amend stop loss to 4265
Thanks Dentist007 for the kind info,,,
Shall look into them more and see where that leads me. Some good threads about, just a matter of finding them.
I'm finding the FTSE dificult too. Try taking a look at gold or forex instead. Gold in particular has much more disciplined price action at the moment
wallstreet1928
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yaw, yawn......good morning all
I was half asleep last night and i put in stop loss of 4365 by accident when it should have been 4265, phew ...thank god no damage done there!!
I will close now and taken profit before i do something else wrong
closed @ 4244....33 point profit!!
anyway FTSE has fallen this morning from last nights high
It should see support if any around 20 day EMA, then 50 day EMA....
FTSE may well hit 4225 pivot.....but I am materialising my profits when I see them in this crazy market!!
Chelski
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Morning Wallstreet, i know you trade futures but i assume your chart is a similar shaape?
Think we are rangebound until Non farms? On the daily chary this is coiling up ready for breakout.
Attachments
wallstreet1928
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Nice chart my friend........
yes i believe we will be rangebound too between 4290 - 4225 !!
I can't trade today people, my manager is coming over today so i have to behave and no trading and get my work done..........
i finish at 11.15 am.........so i will be able to trade then!
i will be posting on here when i get a break or two
wallstreet,
whe n you say FTSE should find support around 20+50day ema do you mean on the daily chart or 20+50ema on a lower timescale? Only reason I ask is that the price on my chart is below 20+50ema on the daily. What TF do you trigger your trades on?
thanks,
bertyi
wallstreet1928
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for those you interested I am long on Dow after Sir Williams email last night?! stop loss 8000
"Hello all,
well, I'm exhausted, today's been manic - but here we go, this is just a quick email to say where I think we are (or where I think we're not, perhaps)
I think today was (or is) critical, in that it could well have been a turning point in the Dow, or at any rate a strong signal for the decline. Basically I was looking for:
either - a close below 7,900 on the Dow, signifying acceptance in Market Profile terms, and therefore a firm signal that the top had been reached and that the decline was now upon us,
or - not the above, which in other words still leaves us in this rather woolly and indistinct phase of the end of what I have been calling an abc corrective wave, correcting the main January decline.
So, what do I think? I revert to what I had said this morning, which was that I thought that there was the potential that we hadn't seen the top yet. But if you remember, I closed my short term long positions because for me the probability factor was not strong enough. Basically, trending markets are easier. And also, since I don't like to trade against the underlying trend, having a short term long position in place when we were so near a top introduced too great an element of risk into the trade.
As I write this the Dow has been making a concerted effort at breaking above 8,100, having shown earlier on a clear rejection of prices below 7,900, which was what I was considering as the significant level.
That's it for now, next email in the morning.
Remember, let's keep the profits rolling in - and to do that, we must eliminate the low probability trades!
Kind regards,"
"Hello all,
well, I'm exhausted, today's been manic - but here we go, this is just a quick email to say where I think we are (or where I think we're not, perhaps)
I think today was (or is) critical, in that it could well have been a turning point in the Dow, or at any rate a strong signal for the decline. Basically I was looking for:
either - a close below 7,900 on the Dow, signifying acceptance in Market Profile terms, and therefore a firm signal that the top had been reached and that the decline was now upon us,
or - not the above, which in other words still leaves us in this rather woolly and indistinct phase of the end of what I have been calling an abc corrective wave, correcting the main January decline.
So, what do I think? I revert to what I had said this morning, which was that I thought that there was the potential that we hadn't seen the top yet. But if you remember, I closed my short term long positions because for me the probability factor was not strong enough. Basically, trending markets are easier. And also, since I don't like to trade against the underlying trend, having a short term long position in place when we were so near a top introduced too great an element of risk into the trade.
As I write this the Dow has been making a concerted effort at breaking above 8,100, having shown earlier on a clear rejection of prices below 7,900, which was what I was considering as the significant level.
That's it for now, next email in the morning.
Remember, let's keep the profits rolling in - and to do that, we must eliminate the low probability trades!
Kind regards,"
minime69
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wallstreet, what is your real job?
wallstreet1928
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I use 1 week 1 hr charts
2 day 15 min charts ......
sometimes 1 day 5 min chart .......
i am currently referring to 2 day 15 min chart.....but 2 day 10 mins is better but my charting package at CMC isnot very good!!
I am currently looking into a good charting package, any tips or recommendation s anyone and what will i expect to pay? Metatrader seems good....??
wallstreet1928
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I work for an IT firm at home.....
i prefer not to disclose any further info as a lot of people have been in trouble for posting on social sites
Chelski
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Wallstreet, i use eSignal, its billed in dollars sow now 25% more expensive than the summer
.It lets you save various options. I have on set up with MACD, pivots, etc and onother with just MA's so it looks clean when i look at the bigger picture. it does alot more but as a typical bloke have not read the instructions!
Chelski
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IG does, you have to initiate them in your presonal sttings.
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