1 min emini indicators
- Thread starter esu2
- Start date
Eventually when I am able to trade a system religiously, I would like to include some type of "volatility" indicator that can be used to set initial stop and trailing stop.
Sometimes one point in the ES is barely in the noise channel. Sometimes two points is well within the noise channel.
Just the other day it was like two 5 gigaton steel presses pushing against a bar of wet soap -- that's when I think I need to stay out of that market.
good idea.
but the thing that people here don't seem to realize is if you enter the trade at a key level you can have tighter stops because the market will only have to move a little bit against you to make your trade wrong. But if you enter in the middle of some channel of key price levels than it could go either way a little bit and still be just noise, requiring larger stops outside of these levels. I like to enter at key levels that give high probablity trades.
Using common indicators in common ways can be considered as entering at critical levels in my opinion. This idea certainly falls in the "indicators are self-fulfilling" camp, but I don't care as long as they work. An entry executed when price crosses an ma, when stochastics cross, when macd's crossover etc is often followd by a surge in prices.
Momentum indicators work great for these short moves, and indeed, if you breakdown the methods taught by some of the prop firms, they rely on momentum.
Momentum indicators work great for these short moves, and indeed, if you breakdown the methods taught by some of the prop firms, they rely on momentum.
right, what'd I say? I'm trying to make money on noise. Big moves are for big traders. I'm just a little itty bitty guy.
Every now and then one breaks through. I think twice this week I got a nine point move with a 1.25 stop. But I can make a nice living on noise.
you got it baby, and the best trades usually take right off. And you are right, you can't just click and pick up a point. But if you click enough, a lot of money is going to change hands one way or another.
Let me clarify,
when I say 1 pt.. i mean 4 quarter pt ticks.
For example:
Buy emini at 900
Sell emini at 899 stop
Sell emini at 902 limit
My experiences are that it is not as hard
as you think. Noise is noise. I can only
think of one time in the past month that I
didn't have time to place my stop order after getting filled.
I might get 10 trades a day with 5 winners and 5 losers.
Picking tops and bottoms seems to work better than
breakouts or trend retracements.
when I say 1 pt.. i mean 4 quarter pt ticks.
For example:
Buy emini at 900
Sell emini at 899 stop
Sell emini at 902 limit
My experiences are that it is not as hard
as you think. Noise is noise. I can only
think of one time in the past month that I
didn't have time to place my stop order after getting filled.
I might get 10 trades a day with 5 winners and 5 losers.
Picking tops and bottoms seems to work better than
breakouts or trend retracements.