S/R Emini Journal

Status
Not open for further replies.
Quote from romik:

No no I understood, thanks. Just an example how some people mis/interpret luck, that's all.

Watch the hourly here for clues, I am going out for a burger now. All the best to all!
More...

Ok, got you. You can afford a steak now!
 
Now he made me hungry.....time to go out and get some great grilled Fajitas. :D

I will carry my final positions into the overnight.....set-up looks about as good as they get.

1327.00 is a key level for today.....below this may add to the selling pressure going into the close (and 11625 on the YM).
 
Thanks 4re

Quote from 4re:

For me I still use the same 2 point target and 2 point S/L. But you can calculate the flag pole if you want to. It is really up to you.

For stocks I think your suggestion is a good one.
More...
 
Quote from brightstone:

Can you suggest where I can learn more on this technique?
Cheers.
More...


If you spend about a week watching the "delta" the way I do you will see failures, break outs, and accumulation from the shifts in the "delta" realtime. You can pick and develop your own set-ups as you learn the characteristics of the "delta" divergences and shifts....they are very powerful and they are the key to price action imo.


billp is right - marketdelta.com has many videos to watch on the basics of using the "delta" information in "footprint" charts.
 
Quote from 5Pillars:

If you spend about a week watching the "delta" the way I do you will see failures, break outs, and accumulation from the shifts in the "delta" realtime. You can pick and develop your own set-ups as you learn the characteristics of the "delta" divergences and shifts....they are very powerful and they are the key to price action imo.


billp is right - marketdelta.com has many videos to watch on the basics of using the "delta" information in "footprint" charts.
More...

You found it useful? I found that when my other systems were saying sell, it would say buy and vice versa. It made it very difficult to trade. Perhaps if I had thrown out everything else and only used it, I would have been fine, I don't know.

There were way way way too many times when it would have a large negative delta number and no follow through to the downside. Same in reverse for the upside. For example, using it in conjunction with my other systems, I would wait for a signal from my system, and look at the delta number. Let's say it confirmed, so I get in. Let's say it is a buy signal. Now, maybe 15 minutes later, I'm still in the trade but Goodness! The delta number just printed a huge negative number for that 5 min bar. The next bar is negative as well. Wow, I'd better get out. Of course the next 5 min bar prices rocket up to the moon. The above scenario happened almost every day.

I suppose using it in conjunction with S/R might be the missing element from my use of the product.

Customer service was excellent, and the product is of excellent quality. I'm just not sure what to make of it given what I described above.
 
Well looks like the pennant worked out and so did my long call for the day. Unfortunately I went short when the signal was hit this morning and took a loss today. I really don't like taking pre market signals but in order to trade like a casino as I preach I took it today and took it on the chin.

Here is my chart and my numbers for tomorrow:

Long 1332.50 - 1343???

Short 1324.75 - 1322.75 Be careful on exit his is close
Second short 1321.75 - 1317.25

You guys have a great trading day tomorrow I will be around for the morning session tomorrow

Gary
 

Attachments

Quote from johnpinochet:

You found it useful? I found that when my other systems were saying sell, it would say buy and vice versa. It made it very difficult to trade. Perhaps if I had thrown out everything else and only used it, I would have been fine, I don't know.

There were way way way too many times when it would have a large negative delta number and no follow through to the downside. Same in reverse for the upside. For example, using it in conjunction with my other systems, I would wait for a signal from my system, and look at the delta number. Let's say it confirmed, so I get in. Let's say it is a buy signal. Now, maybe 15 minutes later, I'm still in the trade but Goodness! The delta number just printed a huge negative number for that 5 min bar. The next bar is negative as well. Wow, I'd better get out. Of course the next 5 min bar prices rocket up to the moon. The above scenario happened almost every day.

I suppose using it in conjunction with S/R might be the missing element from my use of the product.

Customer service was excellent, and the product is of excellent quality. I'm just not sure what to make of it given what I described above.
More...

Well if your trying to find "absolutes" in trading with the "delta" there is none. For myself, I see shifts in sentiment with the "delta" much sooner than by looking at price only....hands down. I can never clearly see "accumulation" in congestive sideways periods by looking at price alone, but I can with the "delta".

So I guess it all comes down to how you use it......also, the middle pane from numerous of my chart examples gives some very clear "visual" indications of bar-by-bar "delta" shifts and divergences. I know what I need to see from these indications to enter trades from in the context of price action. For myself, I find it simplifies my trade entry procedures as I have more confidence with my point of entry price level.
 
"One of the most important lessons to becoming a successful trader is how to "accept" a loss without any negtive consequences. No guilt,anger,shame, or self punishment"
 
Status
Not open for further replies.
Back
Top