Daytrading Breakouts in the ES
- Thread starter Johnny Rotten
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Quote from Scrutch:
Hi JR,
I'm having a bit of problem with the pivot high/low guy. June ES at 2:05cst pokes just above the Upper BB. At 2:10est and 2:15est a double top is made above the Upper BB. The bar at 2:20est is 1 tic above the prior bar and just pokes his nose above the Upper BB but not by much. The following bar at 2:25est has the same high as the 2:20est bar. So are we calling tweezer bars a pivot high/low and just concentrating on the last bar?This is the way I have been treating these guys as no reference has been made about the prior bar.
3 bars later the MA stops the decline and with the MA climbing price moves above the 2:25est bar in two bars and less than an hour later... cha ching! This isn't the first time I've heard this sound coming from this method. Now, not only do I owe your little brother but I also owe the big brother as well... Well THANK YOU BIG and little brothers.
Scrutch
Re-read my post on page 7 and look at the attachment - it's this exact trade. I'll bet that despite my rantings, you glossed over my very first post (to get to the 'method' quicker) and do not have the correct screen setup :eek:
Am I right? Because if so then you are trading with one eye closed, in my humble 'Rotten' opinion!
There's a lotta luuuuvvvv in the house today - you're welcome.Quote from Achiever:
It's refreshing to see somebody post their methodology here. Keep up the good work!
YOU'RE the one who 'sucks' - but let's not get into your personal life here
If you ask a question about a specific trade setup, please post a SCREENSHOT of the chart/s. If you don't know how to do this:
- Go to www.irfanview.com and download/install it (it's free). On installation let if be the default viewer for all 'image' files.
- Set up the screenshot in your charting software and hit ALT+PRINT SCREEN on the keyboard to copy the image to the clipboard
- Then go into Irfanview and select Edit menu & Paste. Then click File/Save As to save the screenshot (save it in GIF format)
- Upload this file with your message, where it says Attach File at the bottom left of the screen.
- Go to www.irfanview.com and download/install it (it's free). On installation let if be the default viewer for all 'image' files.
- Set up the screenshot in your charting software and hit ALT+PRINT SCREEN on the keyboard to copy the image to the clipboard
- Then go into Irfanview and select Edit menu & Paste. Then click File/Save As to save the screenshot (save it in GIF format)
- Upload this file with your message, where it says Attach File at the bottom left of the screen.
It was on the very first post, but it's ultra important to track all four symbols symmetrically on your screen. If you still haven't done this yet, take a 'time-out' and get this done!
Intermarket analysis is the backbone of how how I make trade selections. It is as, if not more important than the rules themselves.
So do it!!!!
Intermarket analysis is the backbone of how how I make trade selections. It is as, if not more important than the rules themselves.
So do it!!!!
June 12, 03:00 - 05:00 EST with the two Eurex symbols. See attached screenshot. Straight up for 15 pts in the DAX. That's about $430 per contract.
One thing about this method: if you get the trade selection 'right', these breakouts rarely EVER look back. Waiting for a pullback is just futile. You need to enter your breakout order in advance.
kgharris - I realise the breakout bar was not going to push through the upper Bollinger line but I overrode that rule (maybe I should scrap it?) because both symbols looked so good at the time. Don't you hate discretion?
One thing about this method: if you get the trade selection 'right', these breakouts rarely EVER look back. Waiting for a pullback is just futile. You need to enter your breakout order in advance.
kgharris - I realise the breakout bar was not going to push through the upper Bollinger line but I overrode that rule (maybe I should scrap it?) because both symbols looked so good at the time. Don't you hate discretion?
A "shag" is an Old World colloquialism for coitus, fuck, screw etc... it is rather quaint... the term "shag" was used in the title of the Austin Powers film "The spy who shagged me"... indeed one of the bitches in the film went by the name of Felicity Shagwell
Apparently in the state of South Carolina, to "shag" means to dance. While at Brit University, one of the American exchange students from South Carolina walked up to this nice BritBoy she fancied at a student party. Straight up to him and said: "Would you like to shag?" ...he was rather at a loss for words since he'd only met her 2 minutes earlier!
Reminds of my first visit to yankland. Going into an Office Supplies shop and asking the 17 year old female shop assitant where the rubbers are .... (yank translation: erasers).
I was ever so polite too: "Excuse me, could you tell me where the rubbers are please". She pauses, looks at me like I'm a weirdo and replies: "Maybe you should try the drug store". Me, thinking she's pulling my leg: "But surely you must sell rubbers here ...!"
Reminds of my first visit to yankland. Going into an Office Supplies shop and asking the 17 year old female shop assitant where the rubbers are .... (yank translation: erasers).
I was ever so polite too: "Excuse me, could you tell me where the rubbers are please". She pauses, looks at me like I'm a weirdo and replies: "Maybe you should try the drug store". Me, thinking she's pulling my leg: "But surely you must sell rubbers here ...!"
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