Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

trader1974 said:
Volpri, can I ask you a question?
Why do you never trade raw materials?
Sometimes the price action is interesting as for example now sugar
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They can be traded in basically the same way. I just stick to indexes. However, just be aware there just needs to be the liquidity in whatever product one is trading.
 
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Maybe I will get around to posting some more stuff here within next few weeks. Just haven’t been in the mood and also on the road. Heading for Texas next week. General directional plans (think trading..initial PT’s ..initial SL’s...) are Texas for a week or two then Louisiana. Then Mississippi. Then Florida..(beaches by then should be nice and warm. It was too cold for swimming IMO in the picture above but a few brave souls dared too LOL). Then after Florida maybe Alabama??? Or maybe somewhere else??

Maybe I will get back home in time to plant some peas (late planting). And okra. I miss my fresh vegetables.

All plans are adaptable and flexible (as in trading PT’s and SL’s adaptable) and are to some degree a product of the sun...the rain...the weather...the gumption. My wife likes to nail down exact dates...etc on our movements and I drive her nigh crazy with “we will see”..."not sure yet....” “time will tell..” She like certainty. I am training her to arrive at the understanding that life is not certain. We make general plans ...move to execute them...but there are many potholes...detours...and diversions along the way. Much like trading...initial risks initial PT’s vs actual risks and actual PT’s. Traveling is a journey. You have to learn to find the good and beneficial in detours...and learn to dodge the potholes. As is traveling, so is trading.
 
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Gator on the bank in the swamps of Louisiana....Atchafalaya River

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volpri said:
Maybe I will get around to posting some more stuff here within next few weeks.
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Good to hear from you again volpri. 35 years ago Game and Fish commission introduced gators up here in central Arkansas to control the beaver. I dunno how well it controled beavers, but now we have some big-uns. Here's a story / picture of one half a inch shy of 14 foot long https://katv.com/news/local/arkansas-men-break-state-record-with-longest-alligator-catch

Enjoy your travels and get that okra planting in if you can. You know you like that fried okra.
 
Yeah I gotta get home after the beach and plant some peas and okra. I have about got my bait of cajun food. But first MS then to Fl around Destin...then maybe home.......life is uncertain...as is trading.

PS that is a BIG gator in that story...14 ft!
 
Croc story in news atm.....
Fearless Aussie tradie surfs crocodile down river
PerthNow May 17, 2021 11:27AM

A fearless Australian tradie has entered a new scale of craziness, surfing a crocodile down a river.

The barefoot larrikin, who was wearing a hi-vis top — “you know, for safety” — and shorts, worked a rope around the beast’s top jaw to help him lead it through murky waters.

The snap — shared online with the caption: Most Aussie photo I have — shows the man’s pals watching on from a small tinnie beside him. (Tinnie=aluminium dingy)
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themickey said:
Croc story in news atm.....
Fearless Aussie tradie surfs crocodile down river
PerthNow May 17, 2021 11:27AM

A fearless Australian tradie has entered a new scale of craziness, surfing a crocodile down a river.

The barefoot larrikin, who was wearing a hi-vis top — “you know, for safety” — and shorts, worked a rope around the beast’s top jaw to help him lead it through murky waters.

The snap — shared online with the caption: Most Aussie photo I have — shows the man’s pals watching on from a small tinnie beside him. (Tinnie=aluminium dingy)
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Scientists do not know the reason why women live longer than men. It's a mystery.
 
volpri said:
I want to make a few statements about trading implied PB’s in broad bull channels. Remember, implied PB’s are PB’s that are not actual PB’s on the time frame one is trading but they are actual PB’s on a smaller TF of the same price action. An actual PB is when a bar goes above the high of the previous bar in a down move. Or below the low of the previous bar in a bull move. Go back to my post #941 and study several pages and posts forward from that point concerning PB’s and implied PB’s to refresh one’s memory of what they are and some techniques for trading them, like I like to trade them.

Ok, here goes today's statements:

In BROAD bull channels I like to fade implied PB’s WHEN they happen on a bull move up towards the top of the broad channel and they show up in the top 1/4 of the channel. In any bull move one usually would go long and scalp on an implied PB. However when this type of PA is at, or near the top of a bull channel, I like to fade it. That is, instead of going long I prefer going short.

Now for the bottom of a broad bull channel: When I see a move down towards the bottom of a broad bull channel and I see an implied PB at the bottom or near the bottom of the broad bull channel I like to fade the implied PB. Normally, I would go short but since I am fading it I go long because this implied PB is taking place on a bear move, in a broad bull channel, and is taking place at the bottom of the bull channel. So I fade it.

Try to figure how this works in broad bear channels. Think about it.

Then think about which has greater probability fading implied pb’s at the top of a broad bear channel after a move to the top or fading an implied pb at the top of a broad bull channel after a move to the top. Which is the higher probability trade and why?

Now look at it from the standpoint of a fading an implied pb at the bottom of a broad bear channel as opposed to doing it at the bottom of a bull channel. Which is the higher probability trade and why?

Good luck trading. One generally makes their own luck. Remember that!

Still in Louisiana. Good night! man those crawdads...aka crawfish..aka mud bugs sure are good with all that spice....and especially when chasing with a beer makes them even better.
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I believe you have a higher probability to fade implied PB's at the top of a broad bear channel than a broad bull channel because the bear channel is an implied bear trend on some larger TF. Whereas a bull channel, fading the top of the channel you're fighting against the implied uptrend so the probability favors continued bullishness. Of course, considering the top of that bull channel isn't hitting any major resistance levels or you had very weak bull bars as it made its way to the top of the channel.
 
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