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

[SimpleMeLike]

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.

Good Morning Mr.Volpri,

Without a shadow of doubt or a microinch of a doubt, this post you posted is the best post on ET the past 2 months.

Thank you 100 multiplied by 100 times in a row said within 10 seconds.

 

[volpri]

Good Morning Mr.Volpri,

Without a shadow of doubt or a microinch of a doubt, this post you posted is the best post on ET the past 2 months.

Thank you 100 multiplied by 100 times in a row said within 10 seconds.

Glad you found it useful.

 

[SimpleMeLike]

Glad you found it useful.

Hello volpri,

Best post I read in awhile.

 

[Illini Trader]

There are only possibilities and probabilities of possibilities as to what the market will or may do.

I like this. So simply stated but so profound.

 

[TripleJs]

Love this thread! And thanks for sharing your knowledge Volpri. I have a question, do you look for signal for your entry like H1H2 or buying BO of a signal bar? Or do you simply set limit order at some kind of support or resistance? If you do both, at what situation you will prefer one method over another? Thanks.

 

[Overnight]

...Hence inertia is born. And there can be no inertia without force or pressure.

So your system suffered a set-back. Be honest...Let's see the damage. Will you post the losses you suffered?

 

[speedo]

So your system suffered a set-back. Be honest...Let's see the damage. Will you post the losses you suffered?

Pure neurotic projection...

 

[Illini Trader]

So your system suffered a set-back. Be honest...Let's see the damage. Will you post the losses you suffered?

Hey Overnight, Volpri said from the beginning 3 years ago he was not going to document trading results but discuss his approach and chart some trades on specific days. He has gone into immense detail of explaining trades. So he has taken time off from posting or maybe has concluded that the thread has run its course and you make assumptions and want to see documented losses? Sorry, but you are out of your lane on this one.

 

[volpri]

I am still around and occasionally check in but have just not had time for posting. Had covid then afterwards been traveling and when home working on gardening and other things. No trading so no losses. No wins either ROFLMAO. Last three days I been a harvesting and replanting and my wife has been canning the harvest like crazy.

Maybe things will slow down and I can find some time for trading and posting. Have an enjoyable 4th of July.

 

[volpri]

Love this thread! And thanks for sharing your knowledge Volpri. I have a question, do you look for signal for your entry like H1H2 or buying BO of a signal bar? Or do you simply set limit order at some kind of support or resistance? If you do both, at what situation you will prefer one method over another? Thanks.

I will look for H1 and L1 in PB’s in stronger trends but if the PB is near resistance, support, or near EMA I may wait for a second or third entry. Much depends on the pressures I see in adjacent bars.