DAX?, German DAX? It closed down 2.3%
ES Journal Archive (2009 - 2010)
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DAX?, German DAX? It closed down 2.3%
The facts are: time is included in complex algorithmic formulas that move the markets...even on tick based algo's, range bars and volume bars...this is another discussion in another forum....I cant explain or argue this here, it wont make us money today
...I'm going to assume you were just "saying" you don't visually or mentally "think" about time as a deciding factor...but time exists and it is woven at the core of these algo's...
Just saw this... I'm the 2 year noob, no epiphany yet, day job etc... This was trend/channel formation and trying not to be greedy. Went with short term trend for about the middle of the morning channel area (50'ish) when price didn't break out. Generally, I need at least 10:35-10:45 est out of the way. tight stops for multiple contract plays more scalp in nature, hope to be in and out quick, (edit) because the more little 5 min bars birthed before my target is hit, the more likely I am of stopping out. (my sophisticated time analysis)
Quote from petty1978:
The facts are: time is included in complex algorithmic formulas that move the markets...even on tick based algo's, range bars and volume bars...this is another discussion in another forum....I cant explain or argue this here, it wont make us money today
...I'm going to assume you were just "saying" you don't visually or mentally "think" about time as a deciding factor...but time exists and it is woven at the core of these algo's...
But of course time exists, how can it not.
Everyone can try to decide for themselves what it is they do and how they go about it.
Vol bars require a different approach to time bars and yet I follow discussions (heated arguments) amongst mental midegets here on ET, about which is superior.
They are different and as such each requires a different approach.
Are vol bars superior?
Well, given most Traders have no real idea as to what they are doing and why they are doing it, I guess it really doesn't make any difference.
Yes, i have nice channel that looks completely different like on time bars. If price is trying touch top channel, I am shorting it (4x during past 10 trading days) without stop, I will average in if necessary.
If we are touching bottom of channel (11x during last 10 trading days) I am taking just signal when I see on 1 tick chart the pattern that I call "end of momentumtrend". In this case I have wide stop outside of channel because it is contratrend trade (for last 2 weeks trend is down). I took just 3 signals (although every one was profitable).
My target is always 200 EMA.
Very simple trading. 2008 learned me that down channels are much more respected than up channells.
Btw, todays pivot point looks to me the highest reachable point in channel.
If we are touching bottom of channel (11x during last 10 trading days) I am taking just signal when I see on 1 tick chart the pattern that I call "end of momentumtrend". In this case I have wide stop outside of channel because it is contratrend trade (for last 2 weeks trend is down). I took just 3 signals (although every one was profitable).
My target is always 200 EMA.
Very simple trading. 2008 learned me that down channels are much more respected than up channells.
Btw, todays pivot point looks to me the highest reachable point in channel.
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