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The attached chart is what I typically look at during the day. I like using TICK indications for strength or weakness. I trade just a few times per day when I feel that I have a good trading opportunity. I don't use candle formations much anymore. Nothing wrong with them, I just don't use...

nothingyet, I like the way he identifies support and resistance on the intraday charts. I have also been doing this for years for the ES intraday charts. This is what I do: 1. Look for areas of Consolidation that take at least 30 minutes to form (rectangles). 2. The tops and bottoms...

Thanks for the advice. Don't worry, I'm not trading this anytime soon. Just something that I'm playing with and researching. Still have a lot to learn. Charles

You are an ARB in the making. Investopedia discusses the very thing that you ask: http://www.investopedia.com/articles/trading/04/090804.asp "A pairs trade in the futures market might involve an arbitrage between the futures contract and the cash position of a given index. When the...

Not special. I believe many vendor supply delayed continuous charts. This is Tradestation. Here is another interesting view of the uptrend charateristics. Charles

Highly appreciated! Charles

Wish I was good enough to modify the Tradestation Easylanguage file for the Spread Ratio to automatically calculate and plot an average and 1 standard deviation. I'll have to practice. Will take a while - not a very good programmer. Charles

7 trading days. It is a 60 min chart and each division is a day. Charles

Plugged some numbers into a spreadsheet. Real quick calculation just to see if I could spot some profitable trades. Charles

Sorry about this, the ER2 - NQ pairs trade should be short 1 ER2 and long 2 NQ which puts the profit at $820. I'll get the hang of this yet! Charles

Trend Fader, I believe that you are correct. This changes the Trade 1 amd 2 profits to $2960 and $3660, and the intraday profit to $510. JangoFolly, The ER2 - NQ pair, seems to take almost a week to return to neutral. Both seem to be highly correlated a week at a time. However, with the...

This may be as good as an intraday pairs trade gets with ES and NQ. On the 60 min chart for 9/14/05, 1 emini contract each (short NQ - long ES), yielded a $130 profit. Charles

Not a Pairs Trading expert, but I have been thinking about it. I suspect the longer time frames will yield the best profits. I have not looked at intraday spreads. Your question intrigued me, so I did a little exercise with daily data. The white lines on the Spread Ratio of ES/NQ are an...

From a technical standpoint, market looks bullish to me. A nice 1 year cup and handle formation. You may get a short-term retracement, but long-term, this market is still bullish. Charles

It is true that coffee typical has a fall bounce. However, each year is a little different. Also, I'm not one who likes to try catching a falling knife. I prefer waiting for those higher lows to form in order to keep my risks to a minimum. Fall of 2003 did not see a low until late November. A...

Babak, It is just one of the things that I analyze on daily charts. Typical retracements during short term trends seldom retrace more than 76%. If the retracement stays within the 50 - 76% range, the trend has a good chance of continuing. Also, last week, the Rydex Cash Flow Ratio was...

Here is another view of market activity. Since late April, the DOW has been bouncing off the 76% retracement levels. Apparantly, it is at this level that people are willing to pump money into the market as long as the overall sentiment view is bullish. Charles

Well stated! I have traveled a similar path. In addtition to the above comments, when I first started trading index futures, I tried hitting home runs with little success. I now am happy and profitable hitting those daily base hits in the index futures. I don't scalp for one tick profits...

Ditto comments by Traderjmb and murray t turtle. What is so interesting about being a trader is that the quest for profitable trades is never ending. You have to enjoy the search, and the thrill of taking risks to be good at this job. In the entire book "Pit Bull" by Martin Schwartz, these...

KIWI - always enjoy your research and comments. Like many traders, I have probably read way too many books on trading and technical analysis. My favorite list is short: "Technical Analysis and Stock Market Profits" by Richard Schabacker. "Mind Over Markets" by James and Robert Dalton...