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Intraday Trading the US Index Futures

  • #81
  • Aug 9, 2019 3:17pm Aug 9, 2019 3:17pm
Quoting mnsah
What are the best combination of moving averages for intraday trading..I watched a video recently that says something about Fibonacci related moving average but didn’t really understand it. Any help?
Well, that depends on what you want to use MAs for.

Knowing current price direction?
Finding pullbacks and adding onto already entered positions?
Exiting?
  • #82
  • Aug 10, 2019 2:12pm Aug 10, 2019 2:12pm
Quoting mnsah
What are the best combination of moving averages for intraday trading..I watched a video recently that says something about Fibonacci related moving average but didn’t really understand it. Any help? (emphasis added)
I would guess at the most basic level Fibonacci related moving averages refers to moving average periods based on the Fibonacci sequence. So periods like 3,5,8,13,21,34,55.......
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #83
  • Aug 12, 2019 9:15am Aug 12, 2019 9:15am
One trade so far. Pretty choppy open so far. Took the first pullback short and might have managed a little tight, but we are at support from Friday. So basically a BE trade overall and waiting for more information.
Attached Image (click to enlarge)
Click to Enlarge Name: MES 09-19 (5 Minute) 2019_08_12 (7_13_43 AM).png Size: 88 KB
Small disciplines repeated with consistency lead to great achievements.
  • #84
  • Aug 12, 2019 9:18am Aug 12, 2019 9:18am
Long now on the failed breakout (fbo) and the second entry long reversal. BE on the position as a whole (first position out at 2.25, stop on second at 2.25).
Attached Image (click to enlarge)
Click to Enlarge Name: MES 09-19 (5 Minute) 2019_08_12 (7_17_54 AM).png Size: 96 KB
Small disciplines repeated with consistency lead to great achievements.
  • #85
  • Aug 12, 2019 9:20am Aug 12, 2019 9:20am
Quoting jmflukeiii
Long now on the failed breakout (fbo) and the second entry long reversal. BE on the position as a whole (first position out at 2.25, stop on second at 2.25). {image}
Damn... something happened with the Ninja ATM (increased size today and didn't set it up correctly) and stop started trailing super aggressively. Out on both parts for 2.25.
Attached Image (click to enlarge)
Click to Enlarge Name: MES 09-19 (5 Minute) 2019_08_12 (7_20_48 AM).png Size: 91 KB
Small disciplines repeated with consistency lead to great achievements.
  • #86
  • Aug 12, 2019 9:28am Aug 12, 2019 9:28am
Quoting jmflukeiii
One trade so far. Pretty choppy open so far. Took the first pullback short and might have managed a little tight, but we are at support from Friday. So basically a BE trade overall and waiting for more information. {image}
Yeah, this chop has been terrible. 6 trades today, luckily I made out a net of +3 points, mostly thanks to trade 3. I was in for trade 5 for 1 contract, and accidentally hit sell again instead of closing out the trade...luckily the market dipped a bit and I closed out both ASAP. As I'm typing this I see a candle exploding upwards...

Probably calling it a day - trades are on the chart. I might re-renter later depending on how PA is looking, but that is unlikely.
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  • #87
  • Aug 12, 2019 9:34am Aug 12, 2019 9:34am
Quoting lolpie
{quote} Yeah, this chop has been terrible. 6 trades today, luckily I made out a net of +3 points, mostly thanks to trade 3. I was in for trade 5 for 1 contract, and accidentally hit sell again instead of closing out the trade...luckily the market dipped a bit and I closed out both ASAP. As I'm typing this I see a candle exploding upwards... Probably calling it a day - trades are on the chart. I might re-renter later depending on how PA is looking, but that is unlikely. {image}
Good to get a profit out of it - nice work -
Small disciplines repeated with consistency lead to great achievements.
  • #88
  • Aug 12, 2019 12:11pm Aug 12, 2019 12:11pm
3 [SIM] trades: 2 winners 1 loser.

Journal Entry:

I felt really good today. Every day you want to continue to grow and learn how to read the only two purely Market-generated pieces of information: Price and Volume. Anchor this feeling, because no matter a trade's outcome, this is how you want to feel going into it. Confident but egoless.

Trade Three:

The second trade was the loss (and the more interesting trade), but here's the third trade.

Attached Image (click to enlarge)
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Trade Two:

I'm not going to say, "They came down and hunted my stop.", but ......

Attached Image (click to enlarge)
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Nice job reading the market. I waited to see what I wanted to see (a Test), where I wanted to see it (in a Supply/Demand Zone). The Squat, which is also a Shortening of the Thrust (SOT), took me out of the Market. I did recognize this as a SOT and as a continued sign of strength, and therefore, I should have gotten back in the market. The next interval confirms the strength and is a near Engulfing bar.

The larger error is probably not the close stop. It's not getting back in.........
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #89
  • Aug 12, 2019 3:01pm Aug 12, 2019 3:01pm
Right at the final hour got back to the charts, and saw this develop. Huge trend channel light overshoot with a double bottom/fbo reversal bar. Tried to hold until close.
Attached Image (click to enlarge)
Click to Enlarge Name: MES 09-19 (5 Minute) 2019_08_12 (12_56_39 PM).png Size: 83 KB
Small disciplines repeated with consistency lead to great achievements.
  • #90
  • Aug 13, 2019 8:49am Aug 13, 2019 8:49am
Big wins today!
Small disciplines repeated with consistency lead to great achievements.
  • #91
  • Aug 13, 2019 9:13am Aug 13, 2019 9:13am
Quoting jmflukeiii
Big wins today!
YM: 165 points (two pre-market trades that cancelled each other out)
ES: 6.75 points
Attached Image(s) (click to enlarge)
Click to Enlarge Name: MES 09-19 (1 Minute) 2019_08_13 (7_03_42 AM).png Size: 71 KB
Click to Enlarge Name: MYM 09-19 (1 Minute) _ MYM 09-19 (5 Minute) _ MYM 09-19 (30 Minute) 2019_08_13 (7_03_27 AM).png Size: 76 KB
Small disciplines repeated with consistency lead to great achievements.
  • #92
  • Aug 13, 2019 9:22am Aug 13, 2019 9:22am
Quoting jmflukeiii
{quote} YM: 165 points (two pre-market trades that cancelled each other out) ES: 6.75 points {image} {image}
One more for +3 / +10 on ES. And that's it for me I think
Small disciplines repeated with consistency lead to great achievements.
  • #93
  • Aug 13, 2019 9:30am Aug 13, 2019 9:30am
Glad to see somebody else got in on this news driven move in the Dow - this is my S20 chart of Dow Cash...
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #94
  • Aug 13, 2019 9:39am Aug 13, 2019 9:39am
Quoting Islander
Glad to see somebody else got in on this news driven move in the Dow - this is my S20 chart of Dow Cash... {image}
Hey nice work! What is an S20?
Small disciplines repeated with consistency lead to great achievements.
  • #95
  • Aug 13, 2019 9:52am Aug 13, 2019 9:52am
Quoting jmflukeiii
{quote} Hey nice work! What is an S20?
Its a 20 Second chart, so 3 bars / min. Very useful in volatile times
Trading Levels with WRBs
  • #96
  • Aug 13, 2019 10:02am Aug 13, 2019 10:02am
Quoting Islander
{quote} Its a 20 Second chart, so 3 bars / min. Very useful in volatile times
Ahhh got it - very nice. I typically only use the 5minute, but using the 1minute during volatility to get more reasonable stops. Any lower and i could see myself getting myself into trouble.
Small disciplines repeated with consistency lead to great achievements.
  • #97
  • Aug 13, 2019 10:04am Aug 13, 2019 10:04am
Quoting jmflukeiii
Big wins today!
That was fast.

Two [SIM] Trades. Two wins.

Journal Entry:

Felt good today. Opened the charts and saw a nice Pre-Market trade. While doing some analysis of this trade and the subsequent price action, I realized I could see the "short covering" as described in the video I recently watch. Never stop watching videos. Never stop learning.

Attached Image (click to enlarge)
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Trade one:

The Market opened in a Supply/Demand Delta Zone and produced a 2 Bar Reversal. With the "short covering/absorption" I had identified, I did not feel comfortable taking a Short.

The next interval produced a WRB that traversed the with of the Zone and closed it. And also created a 2 Bar Reversal to the up-side. Although Markets do not like wide spread Up intervals on high volume, this wide spread UP bar on high volume that closed near its high is bullish.

I place an order with a bracket. That way I immediately have a stop and a take profit order in place. Once in the trade, the stop is adjusted accordingly. If the trade moves in my direction, I keep moving the take profit further away from price. While using WRBs for actual partial profit. I couldn't move the take profit fast enough and got taken out.

Attached Image (click to enlarge)
Click to Enlarge Name: CandleVolume ST 7b.png Size: 141 KB


I started the week with the plan of SIM trading all week. I have the discipline to keep my plan. Day's like today may not happen often, but they do happen. The key is to be there when they do. Therefore, doing the things today, that keep you from blowing up your account will allow you to be there for them in the future.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #98
  • Aug 13, 2019 10:22am Aug 13, 2019 10:22am
Quoting jmflukeiii
{quote} YM: 165 points (two pre-market trades that cancelled each other out) ES: 6.75 points {image} {image}
Well done.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #99
  • Aug 13, 2019 10:23am Aug 13, 2019 10:23am
Quoting HiddenGap
{quote} The key is to be there when they do. Therefore, doing the things today, that keep you from blowing up your account will allow you to be there for them in the future.
Really like that last line of your write-up. Not doing stupid things during market conditions that are less favorable for your method allow for you to maintain capital enough to capitalize when market conditions are favorable.
Small disciplines repeated with consistency lead to great achievements.
  • #100
  • Aug 13, 2019 10:25am Aug 13, 2019 10:25am
Quoting Islander
Glad to see somebody else got in on this news driven move in the Dow - this is my S20 chart of Dow Cash... {image}

Nice job. Always glad to see your posts.
Without VSA, you're playing checkers while the Smart Money plays chess.
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