03-12
wudnt u lads/lasses like dancing round "big figures" every day? :cheesy: ok - 21.25 pts on the plate out of which 15.5 per system, 4 from a punt that went right (not recommended) and 1.75 from scalping (fine tuning to the sys).
ok - first dont look at yellow lines - brilliant analysis by Stoploss - which worked very well today, and which, in all honesty, I hvnt bn paying proper attention to b4.
FIRST - let me emphasise it again! - macd of tick is not reliable in the 1st hr for the reasons discussed in Nov thread. U'll c a red line which looks very nice in hindsight bit which IS curve-fitting. I' advise avoiding it.
Tick neg div right b4 numbers out. A COMPLETE AND UTTER PUNT. S about 1071.50 with a tight stoploss. goes yr way - good start for the day. No dicouragement allowed if u go for such an early punt and get stopped-out tho - u know u r horse betting here, not really trading :cheesy:
10:30 - we r at LP with slight neg divs across indices with a chiselled tick pos div. U wud ideally want to buy LP from below when techs r lagging, but given "2K magnetism" very reasonable rev to L @ 67-67.50
some scalping opportunities round 1070 (not marked on chart) but given the "glow" of 2K probably not worth it. I personally never saw "big round figures" left untouched on an inflection.
Obvious scalping activity in the lunchtime :cheesy: Till we get "figure" on tick neg div and neg divs across indices. tell u what - if not for 2K - per system it'd be selling UP (1072). However, here we nicely rev to S @ 73.75.
By 13:50 full tick pos sequence brings us back to 1074 re-test on ES. U'll c a light green line on my chart. Allowed for longer term tick neg div, but with a loud screeching sound
![Big grin :D :D](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
WHAT U SHUD REALLY BE LOOKING FOR HERE TO REV TO S is that ES re-tests HOD but the shining star Nasdaq fails to re-test 2K. Confirmed by Macd of cash neg divs across ALL high-beta indices.
And that S u close in the last hour (c chart). Voila.
Now for the yellow lines - courtesy of Stoploss. U can c how well applying R/S and S/R switches to Tick MAs worked today. The break of the 2nd switch was a clear rev to S signal.