ES Reversal Method

Quote from NihabaAshi:

Hi NPP,

Welcome back.

Are you still interested or responding to your prior most recent thread/method???

http://www.elitetrader.com/vb/showthread.php?s=&threadid=60313

Many had questions over there that went unanswered so I figure you took that thread off your radar and I decided to ask you here in your new thread especially since I have a few questions that relates to your current and past threads here at ET.

With that said, you seem to already know that your methods doesn't perform well on trend days.

Therefore, what do you use to help you determine its a trend day as it is occurring so that you'll know to ignore any trade signals produced by your method???

Mark
More...


I monitored the thread for awhile after my last post. I didn't see any questions about the method. Just lots of people adapting the method to their market or timeframe. If anyone needs a question answered I'm more than willing to answer it (about the original method for the ES market). I thought there wasn't much left to explain. My interest in it was to find out if anyone had used it for their trading. I'm satisfied now that noone really traded the method, nor should I worry that anyone will trade this method to the point of saturation.

During trend days this and the divergence method will lose money. For this method I've decided to stop taking signals once I'm stopped out and the stop is outside of the previous days range. In todays case, yesterdays high was 1319.25 and the low was 1304.75. If a buy is stopped out below 1304.75 then I won't take anymore buys for today. If a sell is stopped out above 1319.25 then I won't take anymore sells for today.
 
Anybody want to help me out and tell me where the low of the day is so far (since the open...not overnite)? It'd be nice to know if this trade gets stopped out to see if another setup is brewing.
 
Quote from no_pm_please:

Anybody want to help me out and tell me where the low of the day is so far (since the open...not overnite)? It'd be nice to know if this trade gets stopped out to see if another setup is brewing.
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LOD = 1308.5
 
Ok, since we've traded at 1308.25 I'm assuming the first trade was stopped out. New low is being set with this bar.

Now we wait for the stop of new lows being set on the 5 min. bar.

30 min. cci is showing the buy zone is active so only have to wait for the 5 min. cci to cross above the average.
 
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