Trading the Pivots

5Pillars · Sep 7, 2006

Quote from DonKee:

I understood that everyone will need to lease marketdelta from the vendor https://www.marketdelta.com/order.aspx

Correct or No?

That is for the "footprint" charting.....the "Volume Breakdown" indicator from my charts is a part of the standard Inv R/T charting....for this you do not need the "market delta" option. You can order the basic charting from Linnsoft direct.

JimmyJam · Sep 7, 2006

Quote from 5Pillars:

.....this should now hold as our HOD for today imo.

We'll see, I'm re-shorting at 1308.5.

5Pillars · Sep 7, 2006

Quote from JimmyJam:

We'll see, I'm re-shorting at 1308.5.

If you can get 05.50 that would be a great trade.....I did not have a good signal in that area so I am remaining flat here for my intra-day trading. Support below that level may hold today through the close.....take the $$$ and run!

5Pillars · Sep 7, 2006

Nice trade JJ -

http://www.charthub.com/images/2006/09/07/ES_317_VB_7.png

Ergodic now below -50 level and the "delta" may shift a bit here. Right down to the bottom of the LR channel.....you hit a good one.

JimmyJam · Sep 7, 2006

Quote from 5Pillars:

If you can get 05.50 that would be a great trade.....I did not have a good signal in that area so I am remaining flat here for my intra-day trading. Support below that level may hold today through the close.....take the $$$ and run!

I'll set NT to MOC, and scram off to work, looking for 4 more.

Best,

JJ

johnpinochet · Sep 7, 2006

DonKee,

Just to confirm, when you say all session H, L, C, you mean you use the closing H, L, C from the day before, correct? If you are using all session, I assume a day begins at 0001 hrs and ends at 2359 hrs?

So in your post yesterday, Thursday, the 30 year bond pivot points are based on the H, L, C from Wednesday, correct?

johnpinochet · Sep 7, 2006

Quote from JimmyJam:

That's called an AMA Binary Wave. It's created by Perry Kaufman, http://www.perrykaufman.com/, and is designed to catch breakouts to either the up or downside.

JimmyJam,

I'm new to your journal. I'm looking to branch out from the 30 year and 10 year Bond futures, hence my keen interest in your method. In addition, it also is very similar to one of the methods I use in the bonds, minus the pivots but with my own numbers.

How did you apply the AMA Binary Wave indicator to your charting application? Is the indicator published in one of his books? I'm a java / python programmer and I have a ton of trading software so applying it shouldn't be too much of a problem if I can get my hands on the inputs.

Regards,

John

DonKee · Sep 7, 2006

Quote from johnpinochet:

DonKee,

Just to confirm, when you say all session H, L, C, you mean you use the closing H, L, C from the day before, correct? If you are using all session, I assume a day begins at 0001 hrs and ends at 2359 hrs?

So in your post yesterday, Thursday, the 30 year bond pivot points are based on the H, L, C from Wednesday, correct?

The numbers I use are the numbers from IB or futuresource or esignal for that day. They are NOT pit session or day session only numbers.

riskarb · Sep 7, 2006

Quote from JimmyJam:

That's called an AMA Binary Wave. It's created by Perry Kaufman, http://www.perrykaufman.com/, and is designed to catch breakouts to either the up or downside.

I figured a breakout type indicator would be more effective when trying to trade off of Pivots, Support and Resistance than trending indicators, which is what I've been using up to now.

I actually got the idea from riskarb over at the My Favorite Indicators thread, where he put a picture up of something called Oleg's WPR, or whatever, on a 1 hour time frame. I recognized it as a basic Adaptive Moving Average Binary Wave indicator, and since he then became reticent about sharing it, I jumped all over it (if you don't wanna share your stuff from the get-go, then don't post it).

As you can see from the picutre, it gives you decent signals and tells you immediately when you are wrong and should cut the trade.

With a little work I might be able to make something decent out of it .

We'll see.

Best,

JJ

1) You're way off

2) I shared it with a dozen ppl who PMed me.

JimmyJam · Sep 8, 2006

Quote from riskarb:

1) You're way off

Way off on what, the indicator?

For me, it's just an indicator, a tool that I'm using to determine how price action is responding to a given area of Support / Median Pivot / Resistance. Works for me for determining the direction of price action, and posting the information on a free thread. Of course, it doesn't have 2 other lower studies, an upper study and a customized indicator to go along with it, as well as being recalibrated every two weeks or so based on market range/volatility, but hey, like I said, it's going to work for me for what I need to do here.

2) I shared it with a dozen ppl who PMed me.

Those lucky stiffs!, man they made out better than the kids who found the golden ticket in Charlie and the Chocolate Factory!.

But seriously, I understand and appreciate that you didn't want to deal with the PM's which I'm sure were coming your way, that's why I uploaded my information to page 22 of this thread, I got overwhelmed also, but it wasnt' up to me to determine who gets it and who doesn't.

Best Regards,

Jimmy

Trading the Pivots

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