i really could`nt say being that i focus exclusively on the indicies....ES,YM,ER2,QM,QH,QG.......my equities days are over for now on a daytrading basis being that i despise the specialist system & their ways to screw you any way they can.......& now with penny increments,forget about it.....if we traded in 1/8th`s & teenys.......fine.....but never on a penny basis.I traded common for a prop firm back in 2000 & found myself trading my own futures account 95% of the time so that was my out.
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Any traders who use Keltner,Fibonacci, and Elliott
- Thread starter Demarco8
- Start date
i really could`nt say being that i focus exclusively on the indicies....ES,YM,ER2,QM,QH,QG.......my equities days are over for now on a daytrading basis being that i despise the specialist system & their ways to screw you any way they can.......& now with penny increments,forget about it.....if we traded in 1/8th`s & teenys.......fine.....but never on a penny basis.I traded common for a prop firm back in 2000 & found myself trading my own futures account 95% of the time so that was my out.
Quote from Spooz Top:
i really could`nt say being that i focus exclusively on the indicies....ES,YM,ER2,QM,QH,QG.......my equities days are over for now on a daytrading basis being that i despise the specialist system & their ways to screw you any way they can.......& now with penny increments,forget about it.....if we traded in 1/8th`s & teenys.......fine.....but never on a penny basis.I traded common for a prop firm back in 2000 & found myself trading my own futures account 95% of the time so that was my out.
u draw fibos from the dailiy pivots? or maybe from some predetermined support-res like previous day's high/low/close?
i thot i saw u tradin' currencies futs as well; u trade qm also? that's the best of the futs imo.
Quote from Bitstream:
u draw fibos from the dailiy pivots? or maybe from some predetermined support-res like previous day's high/low/close?
i thot i saw u tradin' currencies futs as well; u trade qm also? that's the best of the futs imo.
no prob billp
bistream.....so far the best indicies for fibs are es & ym.....they are amazingly accurate & my profit targets are often hit to the tick on say a 50% pull back from the swing hi....eg. let`s say were trading off the lo`s from 1300 & we make the swing hi off the ma`s & put in a pivot/swing hi at 1305,more often than not,we`ll retrace back to 1302.50............so you measure from 1300 to 1305 & your 50% fib or profit objective #2 will be 1302.50...........PO #3 will be a tick ot two from the lo...say 1300.25 or .50...........that`s a good scale out method.....on a 10 lot,i`d kick 6 or 7 cars at 2.50 & ride the rest close to LOD.
the above example is a profit taking example only.
if we`re at a reversal time of day....10:30....2pm or 3pm i`d look for a CT trade set up,depending on sentiment for that particular day...............back to the above,po#2 is the most reliable & often just take that.
i`ve been watching crude for a month now & am ready to roll once Qcharts gets the feed from nymex mini....any day now i`m told................no currencies yet for me.
hope that was helpful.................active hi/lo`s are a different story for entries.
thx u very much, i know fibos can be very accurate especially for profits tgts. looks like u are really masterin' those futs. qm could be a massive cash cow for u and once u step on that size am sure u gonna make a serious killin'.
all the best
all the best
Quote from Spooz Top:
no prob billp
bistream.....so far the best indicies for fibs are es & ym.....they are amazingly accurate & my profit targets are often hit to the tick on say a 50% pull back from the swing hi....eg. let`s say were trading off the lo`s from 1300 & we make the swing hi off the ma`s & put in a pivot/swing hi at 1305,more often than not,we`ll retrace back to 1302.50............so you measure from 1300 to 1305 & your 50% fib or profit objective #2 will be 1302.50...........PO #3 will be a tick ot two from the lo...say 1300.25 or .50...........that`s a good scale out method.....on a 10 lot,i`d kick 6 or 7 cars at 2.50 & ride the rest close to LOD.
the above example is a profit taking example only.
if we`re at a reversal time of day....10:30....2pm or 3pm i`d look for a CT trade set up,depending on sentiment for that particular day...............back to the above,po#2 is the most reliable & often just take that.
i`ve been watching crude for a month now & am ready to roll once Qcharts gets the feed from nymex mini....any day now i`m told................no currencies yet for me.
hope that was helpful.................active hi/lo`s are a different story for entries.
Quote from Bitstream:
thx u very much, i know fibos can be very accurate especially for profits tgts. looks like u are really masterin' those futs. qm could be a massive cash cow for u and once u step on that size am sure u gonna make a serious killin'.
all the best
thanks bro.........i`ve tortured myself with small size all year to drive my methodolygy into a reflex rather than thought & am in the process of upping size substantially & will be at full force by december.
good trading ,steve