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

[volpri]

@volpri

In another thread there is discussion of Brooks stuff regarding the recent market activity...

https://www.elitetrader.com/et/threads/es-journal-2021-2022.353736/page-366#post-5521086

Admittedly, I am being lazy with my participation, I think your answer may help other Brooks students. Since the discussion does not include volume, I have next to nothing to input.

Are there guidelines/rules regarding bar closing prices associated with the length of tails, wicks, and same bar opening price? Further, with the same bar details, are there guidelines/rules versus the/a previous bar?

Thank you... and a happy, healthy, and prosperous new year to you and yours!

There are guidelines especially under sections dealing with signs of strength and weakness in the larger contexts (market cycle). And the buying and selling pressures as bars are formed from start to end. And the comparing of one bar with the previous bar or even with two or three bars back. Especially, when trading what I call “price probing.” The market has a tendency to drift towards uncertainty and to also go where more trades will be facilitated.

It would be quite time consuming for me to explain it all. I suggest interested traders read his trilogy or get his video course where these topics are dealt with in an extensive way. At the moment I have been having some health issues and in addition may have the omicron. My posting will be rather sporadic until I get better and likely until after tax time.

Hope you too have a prosperous year in 2022.

 

[Sprout]

There are guidelines especially under sections dealing with signs of strength and weakness in the larger contexts (market cycle). And the buying and selling pressures as bars are formed from start to end. And the comparing of one bar with the previous bar or even with two or three bars back. Especially, when trading what I call “price probing.” The market has a tendency to drift towards uncertainty and to also go where more trades will be facilitated.

It would be quite time consuming for me to explain it all. I suggest interested traders read his trilogy or get his video course where these topics are dealt with an extensive way. At the moment I have been having some health issues and in addition may have the omicron. My posting will be rather sporadic until I get better and likely until after tax time.

Hope you too have a prosperous year in 2022.

Wishing you a swift and complete recovery!

 

[volpri]

Wishing you a swift and complete recovery!

Thanks!

 

[volpri]

Haven't noticed any changes either way, but only been taking PBE for about a week. BTW, decided to continue taking Tamsulosin along with the PBE, although I dropped the other prostate med. Hope for improvement, but if things don't get worse, I still consider it a win.

It has been several weeks by now. Has the Pygeum Bark Extract helped that you can tell? I am thinking of ordering some.

 

[ondafringe]

About the same. I feel there is minor improvement, but no way to know for certain. Haven't seen any negatives since I stopped one of the prostate meds, so that's a positive. I'm confident enough that I've already stocked up on PBE and will continue taking it.

BTW, I completely revamped my diet and stopped Berberine a couple of weeks ago... and I feel better than I have in decades... and my blood glucose stays under 100. Yes!!

Did you get my private message?

 

[volpri]

About the same. I feel there is minor improvement, but no way to know for certain. Haven't seen any negatives since I stopped one of the prostate meds, so that's a positive. I'm confident enough that I've already stocked up on PBE and will continue taking it.

BTW, I completely revamped my diet and stopped Berberine a couple of weeks ago... and I feel better than I have in decades... and my blood glucose stays under 100. Yes!!

Did you get my private message?

Apparently I didn't get any private message recently.

why did you stop berberine?

 

[ondafringe]

Blood glucose is being controlled by diet, so don't need to take it anymore.

 

[volpri]

I think I am about out of the woods on covid. My wife is getting close to leaving the jungle and making it to a clearing. At our age it ain’t that easy especially if one has underlying conditions.

I am not sure when I will get back to posting. I have a training to do (unrelated to trading) in February and have to prepare for that and then around the end of Feb we do the training which is out of state and neither in Honduras. but maybe sometime after all that is over with, I can get back to making a few posts here and there.

The issues with my prostrate seem to be much better. I took dog medicine..and berberine…,..PBE.., pumpkin seed oil.., drank diluted food grade hydrogen peroxide…, and breathed hydrogen peroxide. It took close to 2 months but things are better! I never did get a biopsy. They were just too anxious (for my liking) to do it. So I opted for alternative treatments. I hope it wasn’t a mistake do so. So, far things are the best they have been in a couple of years. I will continue the alternative treatments. I guess time will tell…..it usually does…as with trading so it goes with other issues of living. I am in no way recommending anyone do what I did concerning prostrate treatment. I am just saying what I did. That is all. Good days for trading are ahead. Especially if the sun will set on this worldwide covid thing and covid will ride off in the sunset bidding us goodbye.

 

[MACD]

I am not sure when I will get back to posting. I have a training to do (unrelated to trading) in February and have to prepare for that and then around the end of Feb we do the training which is out of state and neither in Honduras. but maybe sometime after all that is over with, I can get back to making a few posts here and there.

Good Health and we look forward to your Excellent Posting Continuing when you are able... Thanks

 

[volpri]

Is the dynamics and the price of auctions accomplished by the dictates of geometry, astrology, including the moon phases? Sure there are cycles in the market but to extrapolate them to precision market price is a bit of a stretch. LOL. There are too many variables and unknowns. Even variables not yet considered. Then there are the absolute unknowable variables. To say that these unknown things are governed by well …..geometry and astrology is IMO an attempt at dictate to the market what it must or should do. Of course, that will not work.

There are only possibilities and probabilities of possibilities as to what the market will or may do. While manipulation to some degree can happen even total manipulation cannot be effected because even the manipulators do not know all the variables.

IMO the best thing to do is have a strategy that is quickly adaptable to what the market IS doing. And since it does have inertia the more recent things it HAS done can be a factor in assigning probability to a possibility. It is important to remember the market can go up or down. Stall or goes sideways. We can only observe and act upon that observation. All our lines drawn may help us “see” a little clearer what is presently happening but that does not mean it WILL continue to happen. There are simply too many possibilities and variables that the best we can do is try to see the complete picture and arrive at a probable possibility based upon in part, inertia. Ever ponder why the market burst through fib lines, (which I don’t use) trendlines (which I do use) and other such things? Ever wonder why one PB evolves into the resumption of the previous trend and another PB, in a similiar scenario, in terms of context and size, evolves instead into a reversal of the previous trend? A factor to understanding this phenomena is being skillful in reading the “pressures” enacted in the more recent past bars. Two entry setups can look almost identical but behave differently. Price tends to move along the line of least resistance. Hence inertia is born. And there can be no inertia without force or pressure.