Trading the Pivots

Quote from JimmyJam:

According to the method as described, we would have a short at 1332.00, stop at 1334 or until the CCI Histogram recrosses the 0 Line.
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That trade was stopped-out for -2 pts.

The market is meeting resistance at its previous Open (which once again is ABOVE the Previous Close), I will look to Sell when the Previous Close is breached again along with a congruent CCI Histogram in the Red.
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The (financial e-mini's) have experienced a strong contraction, or narrowing of its ranges, it is anticipated that this will lead to a range expansion, seeing as how we are way up on a POLE here, I would anticipated that the movement would be to the downside.

Best Regards,

JJ
 

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I was clicking around and came up on your last post. Are you saying in your"here it comes" chart that you're calling on a selloff, or was that a buy signal? It appears the market was brought down by a sell program.

Rennick Bollinger out
 
Quote from William Rennick:

I was clicking around and came up on your last post. Are you saying in your"here it comes" chart that you're calling on a selloff, or was that a buy signal? It appears the market was brought down by a sell program.

Rennick Bollinger out
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looks like a perfect triple bearish divergence
 

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Quote from William Rennick:

I was clicking around and came up on your last post. Are you saying in your"here it comes" chart that you're calling on a selloff, or was that a buy signal? It appears the market was brought down by a sell program.

Rennick Bollinger out
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I spent the weekend reviewing charts and determined that investor sentiment was actually very visible, based on the current price action in relation to the previous Open and Close.

Where it (maybe) changes is how it [price action] responds to Support and Resitance levels (which I'm measuring here using Pivot Points).

The here it comes was a heads-up that the previous Close, which was lower than the previous Open was about to be breached, as it worked-out, the trade was only worth 2 pts this time around, but we're high up on a Pole here with extremely tight market ranges ... these tight ranges ain't gonna last fo'eva ...

JJ

P.S. LOVE the new nom de plum :p
 
Quote from romik:

looks like a perfect triple bearish divergence
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yeah, thanks romik, you best believe I had my eye on that one (nothing like multiple confirmations of different trading styles to give you confidence), in fact, that Triple D influenced my real trading ... I luv'em when I see'em.
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OK

One Loss, One Gain, the thread is Flat for the day, me, I'm do'in fine and it's time to get ready for work.

Best Regards All,

Jimmy Jam
 
Quote from romik:

looks like a perfect triple bearish divergence
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When you get these diverges at an R1, R2, S1, S2 they have a very high probability of going your way for at least a few points.
 
Quote from DonKee:

When you get these diverges at an R1, R2, S1, S2 they have a very high probability of going your way for at least a few points.
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Personally, I've stopped trading signals based on divergences on short TFs, I couldn't cut it, it basically did my head in watching various TFs looking for them.
 
Quote from romik:

looks like a perfect triple bearish divergence
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Romik....that is called the "three ugly sisters"......you will get in trouble if you take any of them LONG. :eek:

We had the same 1336.00 MP level just like last week with almost the exact same "delta" shift SHORT set-ups.

First SHORT off 1336.00 after "delta" shift.........

http://www.charthub.com/images/2006/09/18/ES_317_VB.png

Second SHORT off 1336.00 after "delta" shift.........

http://www.charthub.com/images/2006/09/18/ES_317_VB_2.png
 
Quote from romik:

Personally, I've stopped trading signals based on divergences on short TFs, I couldn't cut it, it basically did my head in watching various TFs looking for them.
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I know what you mean, but on the 5min chart, they really help me
when COMBINED with pivot numbers.

Everyone's brain is different, that's why it is very hard for people to follow a semi-descretionary style and get anything close to similar results.
 
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