Iterative Refinement

[Spydertrader]

Friday Dry Up Equities

ASIA ATV BTJ CUB FSTR GMKT GRRF HMIN ICOC JADE KMGB LKQX MEA SKX SSRX TGIC TSL ULTR VSR YTEC

- Spydertrader

 

[Haroki]

Quote from FerdinandAlx:

I sold EMKR today for a 5% gain. Volume seemed kinda flaky so I decided to get rid of it. I'll buy back in tomorrow if I see the stock move up in my unusual volume list.

I've also recently moved from being a papertrader to being a payper trader in the ES and I'm seeing pretty consistent profits .

Good trading to all, here's my ES chart for today:

LOL-

my trade and thoughts on this is a virtual carbon copy. Low volume yesterday am, so I bailed about 10:30ish for 5%. However, I rebought 2:30 ish at 13.14, now up 4%.

 

[Spydertrader]

Quote from LittleMac:

Also interested in seeing a chart of SKX, having absolutely the toughest time doing guassians with this stock

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1744596>

 

[Haroki]

Quote from LittleMac:

Also

HMIN - looking for increased black volume confirming an FTT
VSR - looking for some heavy black volume which would confirm a point three of the new up channel and begin a dominant traverse of this channel(chart attached)

Also interested in seeing a chart of SKX, having absolutely the toughest time doing guassians with this stock

Comments welcome

FWIW-

VSR has a nice chart, but when I see that avg volume has slipped all the way 75k, I'm hesitant to take some. Maybe a 1/2 position.

HMIN is in a downtrend so I'd only take a 1/2 position also. Or maybe just day trade it for a 2-3 % pop if I catch it, but prolly no over night holds.

I'm actually limiting my longs to equities in uptrends. Without checking, EMKR, NCMI, JASO come to mind. I'm sure there's more. Now just find a good entry point/market condition. There's the rub.

 

[Padawan]

Quote from Mr_Black:

Fx trade from today...

Aha! Starting to understand pair strength better now Mr_Black. I'm assuming that "B" means "Buy" and "S" means "Sell". If that's correct, you could you tell us if you're using what appears to be a moving average as a target for taking profits or is something else going on there? It looks like the MA is also calibrated. Is that right?

Nice Trade!

 

[ljyoung]

WGTrader,

Have you ceased posting the ESH8 30 min Volume/Volatility stuff? I thought it was very interesting, FWIW. There is an old Bollinger Band dictum that says if the volatility is the lowest for a certain period of time, on a certain time frame, then expect a blowout, one way or the other. Not particularly profound but extrapolating from the 15 min chart that you posted, it looked like the 30 minute data would have been "especially" low before BB's lunchtime "surprise". I looked at the "Women in Housing ..." site and it seems cocktails were being served beginning at 12 noon. Perhaps that's why he was a little early.

lj

 

[LittleMac]

As for signals of stocks in dry up. Three were hit, all short signals GMKT HMIN and FSTR all hit LBDU before 10:30 and the planets aligned. Although I didnt take any fo these trades I am monitoring them on paper to see how they pan out. I have been doing this in order to find better entry points on the 30 min chart. No definitive answers yet. GMKT looks like it broke the RTL on a R2R of my blue channel so it is expected that we may see increasing red possibly continiuing a traverse of a new down channel(pink). HMIN and FSTR I obviously thought would go another way. Comments welcome.

 

[Mr_Black]

Quote from Padawan:

Aha! Starting to understand pair strength better now Mr_Black. I'm assuming that "B" means "Buy" and "S" means "Sell". If that's correct, you could you tell us if you're using what appears to be a moving average as a target for taking profits or is something else going on there? It looks like the MA is also calibrated. Is that right?

Nice Trade!

Yes that is correct I calibrate SMA(20)1hr time frame , For this trade I select to go long on GBP/USD because EUR/GBP was down GBP/USD was Up and EUR/USD was in Sym pennant ...not down. I am using forex for testing some ideas only not for trading for reason this is the worst possible market to trade...ES ,YM is much better.....

 

[guavaman]

Trades for the day (cutting out early to hit the slopes )..

Trade:

Long @ 11:11 1417.50
Reversed Short @ 11:16 1417.25 (-.25) Reversed Long @ 11:30 1417.25 (-1.00) Exited @ 11:33 1422.75

Reasons (ES only):

Believed PT3 up had formed on the 11:05 bar. The lower volume did cause concern so I was prepared for a short lived move. The even lower black volume on the 11:10 bar was even more of a concern so I began to think we were forming a PT3 down. To me the increasing red volume on the 11:15 bar confirmed this. The 11:20 bar closed below my orange RTL (since fanned out as a green channel) albeit again on lower volume. This formed a FBP. When volume started to pick up and price moved higher towards my red down channel RTL I thought the ugly brown/gold up channel was resuming. I entered long with some trepidation that we were very close and indeed broke the longer term down channel so I exited.

Time for the slopes.

-guava out

 

[Spydertrader]

Quote from guavaman:

Believed PT3 up had formed on the 11:05 bar.

At that time (11:05 AM), The ES showed decreasing black Volume while the YM showed increasing red Volume.

- Spydertrader