Is anyone here counter trade in strong trending future mkt?

Quote from Daxtrader:

90% of my trades are short no matter what the trend is. I guess I would have to turn my monitor upside down to take a long, I'm just not good at it.
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Maybe shorts are fast mover than longs. So, you stay in the mkt less time. :)
 
Quote from fan27:

A signal I have found to be reliable is a rail road tracks signal. It goes like this....you have a trend,then a consolidation, an attempt to resume that trend followed immediately by a bar going back the other way. In the case of a sell signal, you might have a big white candle immediately followed by an equal sized red candle. Sometimes the pattern looks like a hammer.

The pattern works because you are capitalizing on the fact that everyone that went in the direction of the trend is now trapped. Rail road tracks that consist of only a few ticks are obviously not as potent as once consisting of several points or more (ES).

I trade (ES) this signal in 5 min to 60 min time frames. The hard part is being patient enough to wait for them to occur.

Good Luck
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This is exactly what I am doing, but wait for divergence in the indicators (macd, cci, stoch) too. Thank you.
 
Quote from Grob109:

Nice post.

In the forum, Index Futures, A thread has begun on carry over for equities investing and trading into futures indexes emphasis is on ES.

The contrast of you words and the first three pages there is that you are dealing with the issues of: time frame (trading fractals), market pace, and the ammount of signals that are present and their frequency.

To make money best, a person does have to be at the right place and the right time.

Being excellent and trading KISS seems to be a remote possibility on that other threads from all the comments.

But is it?

By designing a perfect market to trade, it would naturally be easy to be excellent and KISS would be the mode.

Taping is the perfect trend. It is defined as equal length bars that overlap the same amount going in the same direction.

By rippling up and down fractals you get to see taping at some point as you go to longer and longer fractals. We are lessening sensitivity and really cutting down on the signals impacting us as well.

To "make money", I recommend that we, instead, look at stuff in a standard form as an alternative. That calibrates us and our monitoring (sensing and emotion pairs)to gathr data; calibrates our analysis by making it routine and repeated at a given frequency; gives us a standard set of data to use in concert with our comprehensive array of beliefs (NLP pics); and finally, we need only one action technique.

The single action technique is :"to hit the T as the Bbid/Aask goes to zero.

We have used your scope and bounds of this post; set up taping definition; set fourth four steps to repeat as a routine; and finally just defined action as one single act.

Now we have to do some work. We need to refine.

Start out with taping on the 5 min fractal. Take a bunch of charts a day long each (81 bars each). Look for taping on the 5 min. Then bunch in threes the 5 min bars and see if you find sets of three form 15 periods of taping. That is the given channel on the 5 min chart is traversed within each group of three 5 min bars. If not, then regroup the consecutive groups. Try 4 bars per group. try 5 bars per group.

Sit back and see that a lot of the time you have "taped the market".

Do this. For the tapes that work for periods of time using 5 min bars alone and not bunched, see what happens after the "tape" ends. You will find the following: It moves over and starts again. OR It is a tape if you bunch bars to some extent.

CCC is lateral taping if you do one of the above efforts.

Where we get to is coming to find out that we can see alot of taping for almost all of RTH.

"Bunching" to get "taping" is a method to "kill" an overwelming surplus of signals.

By doing this stuff, you find out that many fewer trades are required just based upon the fact that you "hold" through all tapes.

The "new point 3" has shown up as well. You see that most tapes are trend beginnings like airplane "takeoffs" and that after the initial money velocity, the trend goes into a "grind" of bunched bars that make a tape that continues along at a lower money velocity always within a channel that is defined.


So tapes are channels where each bar "fills" the channel. Channel that form and arenot tapes have traverses, where the traverses are often tapelike.

By using the coarse, medium and fine repeated laps, where all of the above comes under coarse, we have "smoothed" out life considrably. See that medium is a taping exercise as well.

Fine is just used for taking action at precisely the right time.

In SCT, we make money all the time by being on the right side of the trend all the time and finding out we made a lot of money.

I am doing now a days a series of important posts that are long each and redundant. Metalurgically speaking I am "soaking" and annealing. I am also making swords out of traders and Samurai swords were made. we are building strength through the length of our tools by having layer upon layer of pure materials that are consistantly applied over and over in the same way in each layer.

we are going to be able to focus upon where the "bends" are made to fold what we have into a most elegant and cohesive tool.

Tapes are the spans of money making. translation and continuous accumulation of profits occur. Between these we dynamically act to extract.

Coarse has three layers of detail.
Medium has three layers of detail.
Fine has three levels of detail.

Everything is made of sequences. Total sequences loop and repeat. The deepest layers are just nuances that still are pure and unfettered.

When you read the SCT Synopsis, you will be abkle to "see" all the layers, the sequences and how to get to "hitting the T in the same way always as is done at the lower right.

In the very middle you see the difference in a reversal and a resume. Trans is the word that means "taping" in DOM. 2 pair is the simplest ocsillation found in the market; it does not get any better as Jack Nickolson said.

If I take you to continuous (translation) and to the smallest oscillation and those are the only two choices and you "see" that, then you are going to take all the money out of the market that is available all the time it is available exeactly when it is there to take. QED.

What you posted is, if fact, the last question.

This is where people are going to "get" just what "Elite" means.

I have to explain the SCT synopsis in such a way that people get used to it just like driving a car.

The Q's on the table before this one you asked are:

a. What is next?

b. What should I be looking for?

c. What, at a given time, is the most important to look for?

answers:

a. see sequences

b. next step of sequence on coarse, medium and fine.

c. That everything is flawless. If a flaw occurs, then it shows up on coarse, then medium then fine.

NB: Never do only a partial data gathering. (See one signal and act on it.)

NB: Only act by hitting T when the Bbid/Bask goes to zero.
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Jack thanks for your idea, by bunching bars to get the rhythm of the mkt in different fractals. So, you can do SCT trading.

 
Manz66, I note your reference to the 'morning reversal strategy', which expects "major stock indices to revert to the previous day's closing price in the early minutes of the trading session".

It would be too uncertain for me.

I have a complete detailed system. That strategy would not have worked on the DOW today for example.

Without getting into all the surrounding research and back data you would need, you would have had to apply the requisite range/gap-up index/formula to anticipate todays rise from Open.

Sure, you could also have bought the Open on instinct this morning - each to his own, of course, as always.
 
Quote from Daxtrader:

90% of my trades are short no matter what the trend is. I guess I would have to turn my monitor upside down to take a long, I'm just not good at it.
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I've noticed I have the same tendency too -- I have some theories
about it...

1) Short side moves faster than the long side so you are usually
confirmed faster and there is less time to see something wrong
with the trade and bail.

2) There is the added psych benefit of having the random
catastrophe angle covered when you are short (think 9-11).

Whatever the reasons... once you have a feedback loop going
with shorts more emotionally comfortable you've got a bad habit
on your hands... bias is a killer.

JT
 
Jack thank you for the reply. I know nobody likes a thread jammed with thankyou messages, but since you took the time I wanted to let you know it was appreciated.
 
Quote from Daxtrader:

90% of my trades are short no matter what the trend is. I guess I would have to turn my monitor upside down to take a long, I'm just not good at it.
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Simply go stand on your head.
 
Quote from nitro:

This thread is funny.

For the person that asked what a "tap" is, here read this:

http://www.nd.com/newsletter/november.htm

This stuff is all well known.

nitro
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The discussion here is about that is unfamiar to you. Your reference is to something other than what is being discussed here.

It is never going to be possible for you to understand what I discuss for a whole load of reasons.

If you ever think you know what is being addressed, then rethink it until you dtermine that you do not know what is going on.

Tap is not tape. And also tape is not tap.

You do tap

I do tape.

This is why you think the thread is funny. You are not understanding anything and so it is appropriate for you to have a laugh.

You make us laugh too.

What is well known to us is that a picture is created when a person understands "taping out" the 20/80 region of STOC. What we do mentally is unroll some electrical tape (black is preferred) and we place it so it fits exactly between the 20 and 80 % on the STOC.

We also use "tape" on a specific kind of channel.

We are not doing woodpecker stuff here.

While you seem to be pecking away at zillions of knot holes you "see"; it could be that you look like a road runner shooting off in all directions and having litttle, if any, reading comprehension.


What a dumb and stupid post you have made.
 
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