Trading the Pivots

5Pillars · Sep 18, 2006

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.

I think it depends what you are using for your "divergence" indicators as some are much better than others (I like to see two measurements diverging at the same time)........

http://www.charthub.com/images/2006/09/18/ES_317_VB_3.png

romik · Sep 18, 2006

Quote from 5Pillars:

I think it depends what you are using for your "divergence" indicators as some are much better than others (I like to see two measurements diverging at the same time)........

http://www.charthub.com/images/2006/09/18/ES_317_VB_3.png

Yes, same here. The problem comes from trend analyses, if you CAN determine strength of trend, you would not want to trade divergences called by any oscillator in any short time-frame.

dan05 · Sep 18, 2006

Hi Jimmy,

Great thread you've got here. I've just found it.

How did you do today? I'll read your thread tonight, but one quick question. How can I add pivots to eSignal? Is there a Study you use?

Thanks!

Dan

Quote from JimmyJam:

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

DonKee · Sep 18, 2006

Quote from dan05:

Hi Jimmy,

Great thread you've got here. I've just found it.

How did you do today? I'll read your thread tonight, but one quick question. How can I add pivots to eSignal? Is there a Study you use?

Thanks!

Dan

Pivots are on esignal under formula's...right click on your chart

5Pillars · Sep 18, 2006

Quote from romik:

Yes, same here. The problem comes from trend analyses, if you CAN determine strength of trend, you would not want to trade divergences called by any oscillator in any short time-frame.

Right....I let the delta divergence make the call (and then a "shift" is required to make the entry).....not the Ergodic. The Ergodic is just a good "visual" conformation tool for spotting potential reversals.

romik · Sep 18, 2006

Quote from 5Pillars:

Right....I let the delta divergence make the call (and then a "shift" is required to make the entry).....not the Ergodic. The Ergodic is just a good "visual" conformation tool for spotting potential reversals.

It would be very interesting to see how this set-up works on a trend day.

5Pillars · Sep 18, 2006

Quote from romik:

It would be very interesting to see how this set-up works on a trend day.

That is the beauty.........the trend can't change until the "delta" does, so you don't get burned like the MACD's and Stochastic's do with all their false countertrend signals. Also, I find the delta gives much better "snapback" to trend entries than the basic indicators do......nothing like some good trend following entries during a hard run day.

A good trend following set-up during a good trend day.........

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5Pillars

Registered: May 2006
Posts: 838

09-13-06 01:52 PM

We may get more upside here..............

http://www.charthub.com/images/2006/09/13/ES_317_VB_11.png

"Delta" net is positive by 45,000 contracts.

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....and some good follow through.........

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5Pillars

Registered: May 2006
Posts: 838

09-13-06 01:59 PM

Thar she blows!

http://www.charthub.com/images/2006/09/13/ES_317_VB_13.png

No problem billp

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Appleseed · Sep 18, 2006

Quote from 5Pillars:

Right....I let the delta divergence make the call (and then a "shift" is required to make the entry).....not the Ergodic. The Ergodic is just a good "visual" conformation tool for spotting potential reversals.

could you simplfy this

cheers john

5Pillars · Sep 18, 2006

Quote from appleseed:

could you simplfy this

cheers john

Yes....I wait for the "conviction" of the order flow to change hands. The "sellers" grab it away from the "buyers", or the "buyers" grab the move away from the "sellers".

I have charts with explainations in several threads here at ET.

"Trading the Pivots"

"S/R Emini journal"

....and check any of the threads about "market delta".

JimmyJam · Sep 19, 2006

Quote from 5Pillars:

Yes....I wait for the "conviction" of the order flow to change hands. The "sellers" grab it away from the "buyers", or the "buyers" grab the move away from the "sellers".

I have charts with explainations in several threads here at ET.

"Trading the Pivots"

"S/R Emini journal"

....and check any of the threads about "market delta".

Especailly the market delta thread ... and he's listed a compodium of resouces that he used to assimilate his knowledge.

Use it for what you can get from it.

JJ