Trading the Pivots

Quote from JimmyJam:

...did you notice that the current contract of the NQ is 0.25's, not 0.50's like the last sessions?
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It's been like that for a while, didnt just happen on the roll over.
 
Quote from JimmyJam:

BTW, he DonKee, did you notice that the current contract of the NQ is 0.25's, not 0.50's like the last sessions?

I knew they were changing the increments, but I didn't know when ... no wonder I've been getting stopped-out of my NQ trades this morning! :eek:

IMHO it isn't going to have an effect on the long-term trediness of the contract ... a $ is a $ is a $.

It's just more fodder for the brokers.

Later,

JJ
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A buy signal on JJ's original system on the NQ's. I took the NQ's as they were the stronger index There was about 15 minutes of heat, but the risk was very small. Then the explosion.

JJ,

Why are you messing with other stuff when your original set-up seems to work so well?
 

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Quote from Trader273:

It's been like that for a while, didnt just happen on the roll over.
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So I understand, but it wasn't reflected until this morning in my Ninja Trader DOM for some reason (which is why I could use the same strategy with ES as with the NQ, the greater "tick amount" made up for the excessive volatility in the NQ vs the ES).

Oooh, I love it! :)

Best, JJ

P.S. Speaking of volatility, what is up with 6E? I was thinking of putting it in my stable, but I think I'm going to have to rethink that thought.

Best,

JJ
 
Quote from DonKee:

A buy signal on JJ's original system on the NQ's. I took the NQ's as they were the stronger index There was about 15 minutes of heat, but the risk was very small. Then the explosion.

JJ,

Why are you messing with other stuff when your original set-up seems to work so well?
More...

You're trading a straight indicator system (which is NOT a bad idea).

I'm trading this system based on the strategy of using the Pivot Trend Model, which is designed to determine the market trend (provided it does trend) and give a warning of the market turn (provided it does not happen to abruptly, like it did yesterday) based on the daily OHLC.

To do this, I need an indicator system, which will give me signals in the direction of the trend in an unambiguous fashion, let me ride my gains, cut my losses, does not have too much lag, etc.

The MA's weren't doing for me.

Best,

JJ

edit: ultimately, I want a system which is designed to keep traders safe, trading with the dominant trend, manage their losses, and let their wins run. As caddyshack2006 so humorously pointed out, I haven't been succeeding in doing so recently, but hey, everything has its growing pains.

It's the process that's making this so rewarding.
 
Quote from JimmyJam:

You're trading a straight indicator system (which is NOT a bad idea).

I'm trading this system based on the strategy of using the Pivot Trend Model, which is designed to determine the market trend (povided it does trend) and give a warning of the market turn (provided it does not happen to abruptly, like it did yesterday) based on the daily OHLC.

To do this, I need an indicator system, which will give me signals in the direction of the trend in an unambious fashion, let me ride my gains, cut my losses, does not have too much lag, etc.

The MA's weren't doing for me.

Best,

JJ
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I guess I'm not familiar enough with the pivot trend as an indicator to know if it really has any predictive value for my short term, intraday trading.

So far, I don't see it, but I've only been aware of it as long as this forum is old (not long) :)

I'll watch and learn.

Thanks
 
Quote from JimmyJam:

So I understand, but it wasn't reflected until this morning in my Ninja Trader DOM for some reason (which is why I could use the same strategy with ES as with the NQ, the greater "tick amount" made up for the excessive volatility in the NQ vs the ES).

Oooh, I love it! :)

Best, JJ

P.S. Speaking of volatility, what is up with 6E? I was thinking of putting it in my stable, but I think I'm going to have to rethink that thought.

Best,

JJ
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Your Ninja trader just switched to .25 tick increments??? Wow, its been like that for a loooong time.

The Euro FX is a an interesting market. Lately, after 930 it has been crap- at least for my system. The best trades I'm seeing are around 700am EST,so I've been looking then. If you get real ambitious it starts moving at 3am EST when the European markets open, but I'll pass on that early. I'm usually out of the EC by 1200pm EST anyways. That's when it seems to drop off. Give it a couple more days before you cast it away. It's a great market.
 
Remember yesterdays 1303.50 level from the MP support we had (1305.00 level with a stop-run zone down to 1303.50). Well we just had a textbook, "Short the first return to this level once the level has been broken" trade.


http://www.charthub.com/images/2006/09/07/ES_317_VB_5.png


Everyone that is holding SHORT's from the break through yesterday defended their positions at the first significant return to that area today. Buyers knowing these levels took profits just below the level (common action) and sellers came back in heavy.....this should now hold as our HOD for today imo.
 
Quote from 5Pillars:

Remember yesterdays 1303.50 level from the MP support we had (1305.00 level with a stop-run zone down to 1303.50). Well we just had a textbook, "Short the first return to this level once the level has been broken" trade.


http://www.charthub.com/images/2006/09/07/ES_317_VB_5.png


Everyone that is holding SHORT's from the break through yesterday defended their positions at the first significant return to that area today. Buyers knowing these levels took profits just below the level (common action) and sellers came back in heavy.....this should now hold as our HOD for today imo.
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Do you use the "footprint" chart?

If so, what's the difference between the "footprint" and your delta indicator on your chart. It looks like the indicator might be easier to use than the footprint.

Is the indicator part of the new delta package ($129.00/month)?
 
Quote from DonKee:

Do you use the "footprint" chart?

If so, what's the difference between the "footprint" and your delta indicator on your chart. It looks like the indicator might be easier to use than the footprint.

Is the indicator part of the new delta package ($129.00/month)?
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I watch the "footprint" on a 1 minute chart but the change in delta trend is more visual with the Investor R/T "Volume Breakdown" indicator that comes with their basic charting package. ( https://www.linnsoft.com/pricing/index.htm ....check pricing here as it should be much less than $129.00)
 
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