SPM discussions

Quote from Hombre:

Nice total.
How do you get 30 trades in the half day ? Do you trade 1 min charts ?
Thanks
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At this point I'm trading multiple contracts across multiple commodities. I actually inferred that in my post with the blotter. Pull up different commodities and you will see what I am talking about.

NT doesn't break it all down, but the ES (most definitely) isn't the only game in town.

Good trading.
 
2m ES
Good trades today especially tha last sell that went right down to the close

Use the Keltner bands (gray dotted lines in price panel to exit and time entry). Google for "Chaos oscillatror" - that is the second panel, a 5/34 MOMENTUM oscillator that can also be used to filter entries and time exits.

<img src=http://elitetrader.com/vb/attachment.php?s=&postid=2173837 width=800>
 

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Quote from Jahajee:

2m ES
Good trades today especially tha last sell that went right down to the close

Use the Keltner bands (gray dotted lines in price panel to exit and time entry). Google for "Chaos oscillatror" - that is the second panel, a 5/34 MOMENTUM oscillator that can also be used to filter entries and time exits.
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ES 5 min was even better

Two trades captured 18 points per 1-lot position

<img src=http://elitetrader.com/vb/attachment.php?s=&postid=2173851 width=800>
 

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Just a brief note on the Keltner and 50 MA for identifying pullbacks and taking exits.

The middle Keltner line, dotted grey line can be used to indeintify pullbacks in a down or up trend. Same with the 50 MA line (dark blue, 50 MA for 2m ES, 20 MA for 5m ES).

You can also use these lines to exit. If in a long position and market touches or goes above these lines and then crosses under then you should exit. Similiar logic for short position except market crosses above.
 

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While it's actually only Thursday, it certainly does feel like Friday to me.

In tight, range bound markets you have to be willing to take your profits when they are offered to you and come back to the watering hole for another drink later on if you want to ... just remember, there's always an alligator around here somewhere! :eek: :D

Total for today: $1,407.00

This was one of those days that I had my game face on. :cool:

Note: All profits courtesy of the SPM.
 

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Curious,

You mentioned you were trading multiple instruments at a time. I noticed 28 trades. Are you trading futures and commodities?

Quote from MandelbrotSet:

While it's actually only Thursday, it certainly does feel like Friday to me.

In tight, range bound markets you have to be willing to take your profits when they are offered to you and come back to the watering hole for another drink later on if you want to ... just remember, there's always an alligator around here somewhere! :eek: :D

Total for today: $1,407.00

This was one of those days that I had my game face on. :cool:

Note: All profits courtesy of the SPM.
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Quote from pclark:

Curious,

You mentioned you were trading multiple instruments at a time. I noticed 28 trades. Are you trading futures and commodities?
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I currently trade:

ES
ZN
EU

and I may add C (corn) at some point in the future.

***

At two/three contracts per instrument, across three instruments that breaks down to an average of about 3 trades per indice traded.
 
Quote from MandelbrotSet:



Note: All profits courtesy of the SPM.
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Although it's nice to see that you give all credit to SPM, I believe money management has something to do with it also :)
 
Quote from JSSPMK:

Although it's nice to see that you give all credit to SPM, I believe money management has something to do with it also :)
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Hey JSSPMK, how's it hanging? :D

You're smart enough to realize that I'm doing a blitz on the trades that look like they're going to go hard in my favor, but I couldn't do that without the knowledge that I've been given from working with SPM.

The technique paints price action in such a way that it is very clear what it is doing when it starts to trend.
 
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