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DOW eMINI (YM)

  • #21
  • Mar 11, 2014 11:43am Mar 11, 2014 11:43am
Quoting guiltry
Can you tell me, what kind of strategy do you use for trade these ? It's really new for me. Thanks.
Hi Guiltry:
A team of 4 of us 'meet' online every morning in a voice call. We work from the top 6 ADR (Average Daily Range) Forex pairs. We choose these because we like big movements based on the studies we use.
Then we identify trend using the GMMA fast and slow groups, (blue and orange) and wait for retracement. We only take entries within a 'safe zone' a determined range either side of the 300EMA, this limits the pain on losers and gets us in at the best possible position for a move. Added to this, we have Stochastic which must be in an OB/OS state which generally assists with the first part of the move. Then we finally have a signal we rent which identifies the 'perfect storm' with a little red or green arrow.

Thats the entry.

Exit is a tricky one, hence this thread. We seem to be getting a very consistent 30 pips each day around the open of NY (note the change in daylight saving this week) and thats all we are after. I have invited discussion on YM because none of us in the group are experts and for now have been using purely the technical signals. So we wait for a +30 and then thats it! Some will feel you can be perfectly content with 30 per day and I personally agree, with the FX pairs being so grim at the moment, its a delight to get 30 pips a day, where last year we were seeing considerably more.
In life you get 3 types of people, those who can count and those who can't.
  • #22
  • Mar 11, 2014 11:44am Mar 11, 2014 11:44am
Ok so you invite other traders to test their strategies and discuss their strategies, which is what we all want here. It could be so easy to say, I am using a rainbow indicator for trend, trendlines to look for breakouts and letīs talk, but you said you welcomed questions and comments, just not about my "brutally technical" system. We all know signal services, but we are not here for that, just something interesting to say or post if you can or want would be enough. I appreciatte dow traders together, so lets make this work fine.
  • #23
  • Mar 11, 2014 11:45am Mar 11, 2014 11:45am
Quoting blanca
Ok so you invite other traders to test their strategies and discuss their strategies, which is what we all want here. It could be so easy to say, I am using a rainbow indicator for trend, trendlines to look for breakouts and letīs talk, but you said you welcomed questions and comments, just not about my "brutally technical" system. We all know signal services, but we are not here for that, just something interesting to say or post if you can or want would be enough. I appreciatte dow traders together, so lets make this work fine.
In life you get 3 types of people, those who can count and those who can't.
  • #24
  • Mar 12, 2014 9:01am Mar 12, 2014 9:01am
Todays trade, the 12 March:
We anticipated a drop on news so were looking for the short signal.
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In life you get 3 types of people, those who can count and those who can't.
  • #25
  • Mar 12, 2014 9:05am Mar 12, 2014 9:05am
To provide a little extra validity, the grab from the trade journal today, showing the times to the second where the trade was executed, along with the 30 pips it generated.
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In life you get 3 types of people, those who can count and those who can't.
  • #26
  • Mar 13, 2014 9:43am Mar 13, 2014 9:43am
Quoting HedgePiglet
Todays trade, the 12 March: We anticipated a drop on news so were looking for the short signal. {image}

Dag se HP

What type of candles are those?

All the best

Rooi
We miss 100% of the shots we don't take
  • #27
  • Mar 13, 2014 10:08am Mar 13, 2014 10:08am
Quoting Rooi
{quote} What type of candles are those?
Ja boet...hot today izzinit? (Caltex?)

We use Range bars on eSignal and GMMA's for trend then a nifty lil' set of arrows we rent.

Sadly I missed todays trade, it was another pearler! If anyone wants to see it, I shall pop it up.
In life you get 3 types of people, those who can count and those who can't.
  • #28
  • Mar 13, 2014 11:18am Mar 13, 2014 11:18am
Quoting HedgePiglet
{quote} Ja boet...hot today izzinit? (Caltex?) We use Range bars on eSignal and GMMA's for trend then a nifty lil' set of arrows we rent. Sadly I missed todays trade, it was another pearler! If anyone wants to see it, I shall pop it up.

Yes please would love to see the trade

What the color rotation of candles called or how is it calculated ?
We miss 100% of the shots we don't take
  • #29
  • Mar 13, 2014 11:25am Mar 13, 2014 11:25am
Here is todays trade, the 13th of March. Sadly I missed it, its been a pretty good one, with a re-entry signal mid-way, now for a total of +144. This is a LOVELY chart to trade at the moment.

Edit: I have turned off all my additional lines, to keep it clean.
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In life you get 3 types of people, those who can count and those who can't.
  • #30
  • Mar 13, 2014 11:41am Mar 13, 2014 11:41am
And for a little more support, here are NQ and ES, which 'track' alongside like limpets. A 'safe' 20 pips each. Again, I missed today before I appear the stuff of legend.

YM now through 180 pips!?
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In life you get 3 types of people, those who can count and those who can't.
  • #31
  • Mar 14, 2014 9:45am Mar 14, 2014 9:45am
My Daily Short On Resistance with the 15600 as a PRZ (potential reversal zone) .
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Master Your Setup, Master Your self. (NQoos)
  • #32
  • Edited 7:44pm Mar 23, 2014 7:17pm | Edited 7:44pm
I've been demo trading YM, NQ, and TF with AMP Futures. All I can say is wow.. I'm wondering if I should just withdraw my forex account and switch to futures. I use a 12 range on YM, and it is SUPER smooth...

I guess I can do both actually, I just have to purchase a multi license with Ninjatrader.

I have a nice strategy, I can't go into the major details but I use range bars also in forex. I basically only trade GBPAUD, and AUDJPY at moment. I start off using the 30 minute time frame, the time frame isn't important. This can be used on any time frame but I am looking for a balance of speed and accuracy, which led me to using the 30 minute time frame. The 15 minute and 5 minute timeframes gave me too many fake outs. I guess anything higher than 30 min is very smooth and consistent. Then to get the range bar size, I apply an atr (14) to the pair. After this, I apply a sma (1440) to the atr (14). Simple moving average, not smoothed moving average. This will give me the range bar number I am "almost" looking for. I have to leave out details because this is a commercial system.

After I get my range bar chart, I apply a triple ema with certain settings to the open and close prices and hide the triple ema. I apply an ema with certain settings to the hidden tema lines. This gives me the setup bars I need to enter a trade.
  • #33
  • Mar 24, 2014 7:07am Mar 24, 2014 7:07am
Quoting shadodwel
I've been demo trading YM, NQ, and TF with AMP Futures. All I can say is wow.. I'm wondering if I should just withdraw my forex account and switch to futures.
Hi Shadodwel, yep, you are seeing the same thing we are. We are a group of long-time FX traders and for the last 6 weeks we have not traded FX, but chosen to trade only the DOW eMini. Its not as thrilling but we are seeing a very, very consistent 30+ pips each day. As of last week we added a traders ATR to our charts in support of exits, rather than a pragmatic 30 pips and the results are encouraging.

I'll pop up my charts in a few hours once we have traded and we can discuss. Personally, I find range bars to be far smoother than any time bar, and I agree with you also that any short-time bar tends to give false info. If you like I shall pop up the YM (DOW) with our software to show various time-based impressions, just to compare?

HP
In life you get 3 types of people, those who can count and those who can't.
  • #34
  • Mar 24, 2014 7:27am Mar 24, 2014 7:27am
As a preview to todays activity, here is a lookback on the three we are evaluating. As of right now, we are taking trades on YM(DOW) as they arrive and doing a side-by-side on the ES and the NQ (S&P and Nasdaq). As GMMA traders, we recognise trend based on the fast and slow groups and while I sound like I am bashing FX at the moment, its true because FX is bashing us in return. These are MUCH smoother charts and by proxy, much better to trade.

From left to right, YM (Dow) ES (S&P) and NQ (Nasdaq). The bias is certainly up but I shall be scanning the news ahead of the open. Lets see what happens today shall we...
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In life you get 3 types of people, those who can count and those who can't.
  • #35
  • Mar 24, 2014 8:24am Mar 24, 2014 8:24am
I don't particularly like YM at the moment and I've been strictly demo trading the NQ. Here is the core of my trading system. I stripped out a lot of stuff because I don't think I can show all the details.

Here is my chart of the NQ for today. The setup bar is the vertical line and the entry is a few ticks above the open of the bar following the setup bar. The YM and NQ seem choppy today but as you can see it's a very nice system and simple also.

When you say you are looking for 30 pips, do you mean 30 ticks? Or do you mean 30 points? If you mean ticks, even in the chop today, I made almost 20 ticks profit. Even though it's not really an ideal R:R ratio, I'll take whatever the market allows me to take. As you can see there is potential draw down, but I tend to be on the aggressive side when entering a trade because I fully trust this system. Also, I never know if there is going to be a pullback. In this instance, there was a nice pullback.
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  • #36
  • Mar 25, 2014 6:31am Mar 25, 2014 6:31am
I absolutely agree. NQ is a beautifully steady chart. Here is my grab and it speaks for itself. I may start a new NQ thread if there are any takers?
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In life you get 3 types of people, those who can count and those who can't.
  • #37
  • Mar 25, 2014 11:09am Mar 25, 2014 11:09am
Its been a good day today folks. I was required to shop with the missus but our team managed to take 80 pips from the long this morning and this afternoon's shorts have produced good trades.

I have included a little more of the tools we use, now showing the pivot levels (R1 in blue, P0 being orange) as well as the ADR levels. Plenty space down and up for the rest of the session.
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In life you get 3 types of people, those who can count and those who can't.
  • #38
  • Mar 25, 2014 11:18am Mar 25, 2014 11:18am
An aside, there is a strong relationship between the direction of NQ and ES with the YM. I have marked the same time as the change in trend was shown on the charts and consistent with each time we see this, the trades on all 3 charts in the same direction are good. (Yellow vertical bar marks same time)
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In life you get 3 types of people, those who can count and those who can't.
  • #39
  • Apr 1, 2014 3:15pm Apr 1, 2014 3:15pm
Quoting HedgePiglet
I absolutely agree. NQ is a beautifully steady chart. Here is my grab and it speaks for itself. I may start a new NQ thread if there are any takers? {image}
up vote here..
  • #40
  • Jun 12, 2014 2:13pm Jun 12, 2014 2:13pm
Todays Chart on YM:
The Japanese bond markets were rising steadily so we anticipated the short. We got multiple timeframe(range) confirmations across all settings and got a perfect signal for the short, nicely into the retracement.
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In life you get 3 types of people, those who can count and those who can't.
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