Anyone know of a good emini S&P 500 System?

Quote from GTS:

The original post was made in April, the reply calling him out (and the subsequent replies) were made today in November, more than 6 months later.

Maybe better to just leave a long-dead spam thread alone (or alert moderators) rather than revive it so it gets more attention?
More...

I just replied to the first post that caught my eye on the forums home page.
I think it was the 1st or 2nd post.
Dave
 
Why bother with e-mini's- just trade the underlying index (the dollar index- DX)
The e-minis are moving with the dollar index so you'll have to watch the dollar anyways- why bother with the e-mini at all?
 
Quote from wartrace:

Why bother with e-mini's- just trade the underlying index (the dollar index- DX)
The e-minis are moving with the dollar index so you'll have to watch the dollar anyways- why bother with the e-mini at all?
More...

Because they won't always be positively correlated.
oops, 2nd post in 5 years.
Dave
 
Thanks Dave... very helpful

I use a 33 and 66 sma cross then pullback. do you think there is an advantage using a 3 MA cross?

how does it perfom in choppy markets?

what time frame do you use it on?
 
Quote from Davelandry99:

Although I'm not a big fan of daytrading,
I have clients that like using Bowties intra-day.

The more successful ones switch timeframes and somehow now when to switch from "scalp" to "trend" mode by varying their time frames (e.g. 1 min, 5 min, 15 min. charts..and even tick charts in choppy markets).

I think their success is knowing the market (and not the pattern in and of itself) since index futures can be very choppy.

You simply look "tight" crossings of the 10sma/20ema/30ema and then a pullback.

Intra-day patterns work best when combined with bigger picture patterns...(higher time frames)......

Attached is an example on the cash S&P.
Notice the market traded sideways/made marginal new highs then rolled over.
Dave
More...

The pullback happens before the cross. ALso MA crosses are real-time and don't lock in till close of the bar. This means you will most likely miss the pullback and the strategy can become a losing strategy in the long run!:mad:
 
Quote from failed_trad3r:

The pullback happens before the cross. ALso MA crosses are real-time and don't lock in till close of the bar. This means you will most likely miss the pullback and the strategy can become a losing strategy in the long run!:mad:
More...

Okay, I wouldn’t say that the pullback always happens before the cross..because it doesn’t. And when it does, I have a pattern for that. I call that a First Thrust. You’re looking for a sharp thrust in the direction of the new trend (and contra to the old trend) followed by the first pullback. Ideally, you want setups coming off of MAJOR highs/lows. See attached. 1 major low, 2 sharp thrust, 3 FIRST pullback, 4 entry on resumption of trend.

Now, back to Bowties. Because of lag, 99% of the time I use a blank chart (no indictors). However, even with their lag, moving averages do have their uses. With the Bowties, sometimes they can catch a gradual change in trend. The market goes through a distribution phase and then the new trend begins.
As far as testing out mechanically, you’re right. I’d bet that they don’t. I’m not a mechanical trader through. For stocks, I look for sector and market confirmation. As far as an index trade, I don’t day trade, but if I did, I’d look for bigger picture confirmation (e.g. daily chart). You want to pick the best of the best setups. You want some sort of confirmation in addition to the pattern. And, once you catch an elusive trend, you ride it out longer-term.

Dave
 
Quote from xflat2186:

Dave/Tricky it would appear as if you're having a conversation with yourself.
More...

"Davelandry" is my real name
my email is dave at davelandry.com

Don't know who Tricky is. Ask him.
Who are you? Forum police?
Dave
 
You must log in or register to reply here.
Back
Top