Trading the Pivots

Quote from JimmyJam:

i'm looking for at least 8 pts on this move.

why?

the narrowing range will lead to range expansion ... which will to range contraction ... etc.
More...

Maybe, maybe not.

Here's my point, at some stage that will happen. These narrow ranges will break with range expansion. However, who can tell whether that be today or another day?
 
Have you guys every thought of using daily, weekly, and monthly pivots in conjunction. (eg. a daily S1, weekly P, and monthly S2 might appear around the same level.)

I used to trade pivots exclusively, and that's something I toyed with. Could never get consistent profits from trading pivots, but if you can more power to ya.:)
 
Quote from longtex:

Looked at your pivot calculation xls - what do you use for a time frame for your "yesterday" data? Because of Globex, these markets (I trade S&P E-mini) are well-nigh contniuous, making the choice of start/stop times pretty flexible. For example, some use Midnight as a divider, others use only "pit" times, while still others use "pit" close as the dividing line but take the re-start at 1530 (I'm on US Central time).

What's yours?

=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=
Current Trade: -130200 @0910
Current Target: 130500, follow 200
Current Stop: 130250 + 050
=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=
More...

Hey longtex,

Welcome to the club.

I use the standard CME, ES, Regular Hours (9:30am to 4:15pm, ET). While I realize that overnight trading does impact the next day's range, I don't trade the markets during those hours (as most folks), so I don't include it in the way I calculate the Pivots.

I've written about how I'm trying to deal with Gaps from overnight trading on the previous pages - last nite, actually - (for the daytrders).

There are articles that can be found at: http://www.traders.com/ under Online Store that can give you more information along these lines.

Best Regards,

JJ
 
Quote from LondonUSTrader:

Maybe, maybe not.
More...

Yep, you're absolutely right ... and this being the summer isn't helping any.

But as long as it stays range bound, I'm positioning myself for a breakout so that I can catch it when it happnens and not be mentally unprepared for it.

Best,

JJ
 
I'm going to try and make an attachment.

Trade: Long at 1302.75 @ 10:10am bar. This looks to be one of JJ's continuation buy set-ups. It is, also, a bounce from the pivot and for you Woodie traders a ZLR.

Stop is initially placed below the set-up bar.

Target on half was 1304.25 as this is a .618 retracement of yesterday's down move. Once I am out of half, I have my stop on the remaining half at break-even.
 
Quote from Trader273:

Have you guys every thought of using daily, weekly, and monthly pivots in conjunction. (eg. a daily S1, weekly P, and monthly S2 might appear around the same level.)

I used to trade pivots exclusively, and that's something I toyed with. Could never get consistent profits from trading pivots, but if you can more power to ya.:)
More...

Thanks, some folks love that technique. I know John Person (search Amazon.com, Trading) uses them, and he trades the Pivots exclusively.

Best,

JJ
 
Quote from DonKee:

I'm going to try and make an attachment.
More...

Hey Don,

See if you can make a "snapshot" or picture of your chart, then save it to your desktop.

Then you would be able to upload it.

Good morn'in (well, so far) :) .
 
I will now bail on half of my remaining half at 1306.00, as the R1 is 1306.50 ( I need the ask to get to 1306.25).

IF filled, I will leave my remaining, quarter position, on until the close or a break-even stop is hit.
 
Quote from DonKee:

I will now bail on half of my remaining half at 1306.00, as the R1 is 1306.50 ( I need the ask to get to 1306.25).

IF filled, I will leave my remaining, quarter position, on until the close or a break-even stop is hit.
More...

Yeah, I've moved my protective stop to 1303.75 (if I can't get the big move, I'll have to salvage something from the trade).

But do you see the NQ?

Sheesh! We can model on the ES, but I'm going to be looking around for more tradeable markets!

Later,

JJ
 
You must log in or register to reply here.
Back
Top