The ER2 Trading Journal

Quote from trade_4_living:

Not exactly, maybe I should switch to much higher timeframe if I don't scalp too often. Using 75 ticks chart to trade can really hit your nerve sometimes - especially when it was trading sideways like after the lunch hour, it made 1 point jump up and down many times, very hard to trade.

Since I am using Esignal as the data feed, it should get every tick. 75 ticks chart is about the same for these use 133 tick from IB feed.

I do look at the 110 tick, 550 tick, 3 minutes, 5 minutes chart too. The best trades are these when the indicators on these timeframe are in syn. If not, a trade could be countertrend, then I should make a quick scalp instead of holding too long.
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I think you are way ahead of me on short-term trading. I'm trying to get a bit of a handle on trading in the shorter timeframes. As an example, I'm still to use any tick charts -- what is the significance of these tick numbers 75, 133, 110, 233, 550 ?

I trade at IB w/ their datafeed. From your comment, am I to read that Esignal datafeed is better?

btw, I'm planning on getting Ensign in January. I take it that from the comments here that most here are happy with it?
 
I don't know how many ER2 traders are out there on ET. Maybe we should go to a chat room during the day, posting here is too slow.


Quote from majeasy 1:

hi nkhoi,
thanks for remembering....
it was good to see your handle.....
i still miss talkstox a little....
having a live chat and charts to support the trades
was like we were all in the same room....
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I don't know how you guys look at the resistence.


On the price chart, I look if it touched the top of the trend channel, if it is reaching a critical level (pivot, S1, S2, S3, R1, R2, R3), if it is reaching a key fib retracement/extension and trading under it, if it is a double top. If it is trading outside of the BB band or Ketlner band, and on the candlestick chart, look if a cross/Doji was about to form.


Then on the TA indicators, I look if the momentum indicator/MACD indicator is at 90-95% level, if ADX is at 50 and above, or CCI is over 200, or RSI is over 80.


I remember when ER2 reached 668s around 3:30 PM, it met almost every top/resistence condition in every timeframe I watched, it was a very good short. I'll get some charts so to remember something like this.


Quote from majeasy 1:

everytime i sell short at resistance,
i think about you because i think you taught it to me....
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Quote from trade_4_living:

Not exactly, maybe I should switch to much higher timeframe if I don't scalp too often. Using 75 ticks chart to trade can really hit your nerve sometimes - especially when it was trading sideways like after the lunch hour, it made 1 point jump up and down many times, very hard to trade.
More...

i don't trade this way and don't suggest anyone else follow this...
but i did start to lengthen the tick bars on my charts trying to risk more to capture more profits......so far it's been helping.....
the sma that's written about is not much different than trading 2 moving average crosses....
this quote is food for thought only:
{ jtHMA strategyOriginally posted by tvman
Hi All,
I have been using the jtHMA on the e-mini russell 2000 8 min. chart and pulling 8 to 12 points daily
generating 3 to 4 trades basically going LONG when the Avg. colors Blue and Short when RED with a few
nuances for entries and trailing stops for exits. This has changed my Trading 180%.
tvman
I'm using 21 for the Length on an 8 min. chart. I have experimented with different lengths and this seems
to work best. Any shorter time frame (chart) gives you too many signals. 21 with the 8 min. chart gives 3 to 5
signals per day with very few losers. I use a 1.5 point stop and generally send a mkt. order when the color
changes and 1.5 pt. trailing stops when 2 points in the money. Hope this helps}
 
the resistance i'm talking about is a set-up you are already trading....it's the old dow theory type, where the index makes a lower high for the day....
support is the opposite after you think a low for the day has been made, wait for that low to be tested, then if a bounce starts to occur, set you stop just below the low for the day.....i don't use fibs or pivots and generally only get this set-up once every couple days (i guess)

Quote from trade_4_living:

I don't know how you guys look at the resistence.


On the price chart, I look if it touched the top of the trend channel, if it is reaching a critical level (pivot, S1, S2, S3, R1, R2, R3), if it is reaching a key fib retracement/extension and trading under it, if it is a double top. If it is trading outside of the BB band or Ketlner band, and on the candlestick chart, look if a cross/Doji was about to form.


Then on the TA indicators, I look if the momentum indicator/MACD indicator is at 90-95% level, if ADX is at 50 and above, or CCI is over 200, or RSI is over 80.


I remember when ER2 reached 668s around 3:30 PM, it met almost every top/resistence condition in every timeframe I watched, it was a very good short. I'll get some charts so to remember something like this.
More...
 
Quote from majeasy 1:

in the chart below the 21 period (white/Black) is shown as making 4 trades....entries are too late for my taste....
but it still gives you rough idea what tvman is writing about...
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Thanks for sharing the info. I have a regression channel method on 554 ticks chart, it generates a similar path like yours. After I applied 21 period regression on 667 tick charts, the entries looked very good. Look at the blue line and the white line.
 

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trade 4

your entries look great,

paper trade or backtest it, i don't want to be responsible for you losing any money....

i got to check my linear regression moving average now to see if it plots the same way as yours
 
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