I'll catch up by tomorrow.
Weekends have been tied up with CERT.
On Tuesday I will try to post ahed of the market.
Weekends have been tied up with CERT.
On Tuesday I will try to post ahed of the market.
The Stochastic Indicator
- Thread starter jack hershey
- Start date
- Status
not much happening for me today...slow grind. spent alot of time going over last weeks trades, trying to reionforce the good and avoid the bad.
1. long rocket
11:30 s(86.21, 82.07) macd hist +.49 v: 21,055
long on break higher...was concerned about quick price/vol spike at 11:30 bar. 12:15 macd xo. 12:40 stochs leave zone and i exited....these slow trends are difficult for me...hard to get a handle on my trend channels.
long @ 878.00 11:43
sell @ 878.50 12:42 +.50
day: +.50 20 days: +33.50
2. long rocket
3:40 s(100.00, 94.71) macd hist +.45 v: 9,186
volume was picking up (for once) long on the break. closed at end of day. pretty simple, not much movement...felt i was getting in late in the trend.
long @ 883.50 3:45
sell@ 884.50 4:00
day: +1.50 20 days: +34.50
side note: felt good about avoiding the morning chop. was patientthe whole day...couldn't find much and didn't push it.
1. long rocket
11:30 s(86.21, 82.07) macd hist +.49 v: 21,055
long on break higher...was concerned about quick price/vol spike at 11:30 bar. 12:15 macd xo. 12:40 stochs leave zone and i exited....these slow trends are difficult for me...hard to get a handle on my trend channels.
long @ 878.00 11:43
sell @ 878.50 12:42 +.50
day: +.50 20 days: +33.50
2. long rocket
3:40 s(100.00, 94.71) macd hist +.45 v: 9,186
volume was picking up (for once) long on the break. closed at end of day. pretty simple, not much movement...felt i was getting in late in the trend.
long @ 883.50 3:45
sell@ 884.50 4:00
day: +1.50 20 days: +34.50
side note: felt good about avoiding the morning chop. was patientthe whole day...couldn't find much and didn't push it.
I hope i can help you by showing you how i saw it. I saw a ftp/breakout play right before the rocket.
The trade turned into a rocket and i immediately started looking for points 1,2,3 using volume.
Point 2 occurred at 12:15 and point 3 at 12:30 on decreasing volume.
This channel was broken on very low volume, therefore I started looking for the second point 3. Point 3 is at 12:45 on increasing volume.
price then tries to make a push to the other side of the channel but lacks the volume. Jack said to reverse at this point.
This can either turn into a wash trade or into another trend.
Volume dries up, turns into CCC.
Do 1 min macd xover trades.
breakout bracket trade at 3:18 on increasing volume. Turned into a rocket and never got points 2 or 3.
This is all based on what jack has said to do in previous posts. unfortunately, i was paper trading because i have another system i use.
hope this helps,
jc
nwbprop, nice going.
I saw the same sequences:
#1 CCC then VDU at 10:30 -> BO 10:36 entry
Short 870.50 10:36
Cover 872.00 10:45 as BO failed, and reverse as vol was strong on price increase. Should've washed earlier, at the close of the 10:30 when failed BO was obvious. Held because I though a move was imminent after the CCC and low volume in the morning.
-1.50
#2 Reversal on VDU BO failure
Long 872.00 10:45
Sell 877.25 11:34
VDU BO failure bar marked point 3 in a slow channel -> channel traverse to away side on increasing volume -> rocket signal w/out MACDHist -> channel traverse to the right side on decreasing volume -> rocket signal failed. Held since P,V and channel had no flaws, MACD entwined "away".
11:15 channel BO after VDU -> held one more bar as down volume was not strong (same as the 1st VDU BO) - very hard to hold through this, it took all my mettle -> reward came as next bar was an up nrb -> volume picked up w/MACD cross up, rocket signal -> exhaustion volume that peaked at 11:33 -> sold because I had to go to work.
+5.25
Day +3.75
12 days +31.00 (33 trades; comm. - 3.25 ES pt)
Net comm +27.75, or 2.31 pt/day. Not bad
I saw the same sequences:
#1 CCC then VDU at 10:30 -> BO 10:36 entry
Short 870.50 10:36
Cover 872.00 10:45 as BO failed, and reverse as vol was strong on price increase. Should've washed earlier, at the close of the 10:30 when failed BO was obvious. Held because I though a move was imminent after the CCC and low volume in the morning.
-1.50
#2 Reversal on VDU BO failure
Long 872.00 10:45
Sell 877.25 11:34
VDU BO failure bar marked point 3 in a slow channel -> channel traverse to away side on increasing volume -> rocket signal w/out MACDHist -> channel traverse to the right side on decreasing volume -> rocket signal failed. Held since P,V and channel had no flaws, MACD entwined "away".
11:15 channel BO after VDU -> held one more bar as down volume was not strong (same as the 1st VDU BO) - very hard to hold through this, it took all my mettle -> reward came as next bar was an up nrb -> volume picked up w/MACD cross up, rocket signal -> exhaustion volume that peaked at 11:33 -> sold because I had to go to work.
+5.25
Day +3.75
12 days +31.00 (33 trades; comm. - 3.25 ES pt)
Net comm +27.75, or 2.31 pt/day. Not bad
Couldn't trade yesterday.
Today:
#1 traverse to away side of slow channel (continuation of yest trend) on vol BO
Long 893.75 10:24
Sell 893.50 10:28 failed to traverse -> wash. Thought about reversal but didn't do it (anticipated congestion)
-0.25
#2 rocket signal
Short 889.50 10:42
Cover 886.50 10:15 point 3 at 10:55 -> channel BO at 11:05 -> new point 3 -> 5m MACD x -> 11:10 down bar volume DU = FLAW so no new point 3 -> exit
+3.00
Day +2.75
Week +6.50
13 days +33.75
Today:
#1 traverse to away side of slow channel (continuation of yest trend) on vol BO
Long 893.75 10:24
Sell 893.50 10:28 failed to traverse -> wash. Thought about reversal but didn't do it (anticipated congestion)
-0.25
#2 rocket signal
Short 889.50 10:42
Cover 886.50 10:15 point 3 at 10:55 -> channel BO at 11:05 -> new point 3 -> 5m MACD x -> 11:10 down bar volume DU = FLAW so no new point 3 -> exit
+3.00
Day +2.75
Week +6.50
13 days +33.75
i have been looking back at past days charts a lot and trying to get better recognition of slow trends....finally thought i spotted it correctly today anyways here is what i saw:
10:20 rocket signal that is also a reversal candle.
10:25-10:35 market slowly backs off, stochs leave rocket zone, macd xo but #s are very tiny, more like pretzeling
10:35 stoch reading of 50 fast line...got me thinking maybe a slow trend an it should halt around here and form a point 3. volume continues to get lighter.
10:50 bull flag formed, volume tapered off and the 10:50 bar is a low volume inside range bar..break of range would also trigger bull flag. volume on irb is 2,450 (lowest of day) high of bar was 881.75.
went long on break of irb at 882. and now had a slow trend channel to also work with.
they key for me was spotting the 50% stoch acompanied by lower volume and slower price action. after the 50% reading market formed an irb 2 bars later and broke up from bull flag to continue the current trend. also on break up of irb volume was 6,667 compared to 2,450 of inside bar.
anyways my 2 cents....maybe some progress on the slow trend recognition. hope this helps.
10:20 rocket signal that is also a reversal candle.
10:25-10:35 market slowly backs off, stochs leave rocket zone, macd xo but #s are very tiny, more like pretzeling
10:35 stoch reading of 50 fast line...got me thinking maybe a slow trend an it should halt around here and form a point 3. volume continues to get lighter.
10:50 bull flag formed, volume tapered off and the 10:50 bar is a low volume inside range bar..break of range would also trigger bull flag. volume on irb is 2,450 (lowest of day) high of bar was 881.75.
went long on break of irb at 882. and now had a slow trend channel to also work with.
they key for me was spotting the 50% stoch acompanied by lower volume and slower price action. after the 50% reading market formed an irb 2 bars later and broke up from bull flag to continue the current trend. also on break up of irb volume was 6,667 compared to 2,450 of inside bar.
anyways my 2 cents....maybe some progress on the slow trend recognition. hope this helps.
here is today's wrap. i will try and do a weekly wrap and total trade update sunday night, i am traveling this weekend for the holiday.
1. slow trend long
you can see the above post for entry reasons. exited during the 12:30 bar, mkt spike after philly fed, 12:25 bar was a hgih volume reversal at the top of my trend channel and exited when low of bar was broken.
long @ 882.00
sell @ 887.50 +5.50
was really psyched about this trade b/c first slow trend i was able to spot and capture some points on...although very difficlut to hold onto the position.
you could have continued to hold the position as the trend channel was never violated but exited on the away side of the channel on a spike reversal still seemed ok.
day: +5.50 23 days: 43.75
2. trend line break ---> short rocket
day long trend line was broken at 2:35 bar, got short when low of bar was broken...first time all day stoch was below 50 and a good macd reading -.37
good volume and follow thru on the 2:40 bar...2:45 inside low volume bar...2:50 rocket signal s(22.22, 24.07) -.475, but a reversal candel...what i was thinking was that this could be a new point 3. exit when reversal candle sets up. rocket fails.
short @ 889.00
cover @ 889.75 -0.75
day: +5.00 23 days: +43.00
1. slow trend long
you can see the above post for entry reasons. exited during the 12:30 bar, mkt spike after philly fed, 12:25 bar was a hgih volume reversal at the top of my trend channel and exited when low of bar was broken.
long @ 882.00
sell @ 887.50 +5.50
was really psyched about this trade b/c first slow trend i was able to spot and capture some points on...although very difficlut to hold onto the position.
you could have continued to hold the position as the trend channel was never violated but exited on the away side of the channel on a spike reversal still seemed ok.
day: +5.50 23 days: 43.75
2. trend line break ---> short rocket
day long trend line was broken at 2:35 bar, got short when low of bar was broken...first time all day stoch was below 50 and a good macd reading -.37
good volume and follow thru on the 2:40 bar...2:45 inside low volume bar...2:50 rocket signal s(22.22, 24.07) -.475, but a reversal candel...what i was thinking was that this could be a new point 3. exit when reversal candle sets up. rocket fails.
short @ 889.00
cover @ 889.75 -0.75
day: +5.00 23 days: +43.00
- Status