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Flag trading the trend

  • #10,381
  • Feb 23, 2016 9:06am Feb 23, 2016 9:06am
Quoting moonmist
{quote} On my 999-tick chart, MACD and the MA are flat and stay together. That is not good.

Quoting Divergence
and the price shows that just flatline
Patience. Remember, our set ups happen after the market starts to swing. I'm waiting for a breakout/pullback type entry.
  • #10,382
  • Feb 23, 2016 9:08am Feb 23, 2016 9:08am
Quoting ddaytrader
{quote} {quote} Patience. Remember, our set ups happen after the market starts to swing. I'm waiting for a breakout/pullback type entry.
Part of the problem we are dealing with here as that the futures sold off after the cash close, and the cash and futures prices are out of line from their usual premium/discount relationship. That is why cash has moved a lot and futures are stuck.
  • #10,383
  • Feb 23, 2016 9:12am Feb 23, 2016 9:12am
Patience ? What patience ?

Attached Image (click to enlarge)
Click to Enlarge Name: YM.PNG Size: 38 KB


Tough old day...
  • #10,384
  • Feb 23, 2016 9:44am Feb 23, 2016 9:44am
123 short at 86 gave +1
Become the casino
  • #10,385
  • Feb 23, 2016 9:50am Feb 23, 2016 9:50am
Quoting erasmus66
123 short at 86 gave +1
I did not take this one. Looked too choppy for me.
  • #10,386
  • Feb 23, 2016 10:09am Feb 23, 2016 10:09am
B123 short from 37 got up 14 no chance to close out got to within 1 tick then down for 15
  • #10,387
  • Feb 23, 2016 10:27am Feb 23, 2016 10:27am
Quoting Divergence
B123 short from 37 got up 14 no chance to close out got to within 1 tick then down for 15
i didn't get signal there
Become the casino
  • #10,388
  • Feb 23, 2016 10:29am Feb 23, 2016 10:29am
b123 at 19 +15 looking for pb to 20
  • #10,389
  • Feb 23, 2016 10:29am Feb 23, 2016 10:29am
Challenging day but not without movement... and speaking of movement, I can't help noticing that the NQ has both 40+% more range and volume than even the YM (I'm just sayin'...)... NQ ATR mulitply by 4 to get tick range :

Attached Image


But if anyone needs cheering up, somebody on a private forum run by a familiar face has just posted :

Quote
Today is one of the days i wish i was in a corner somewhere, eating my leg with a spoon..has to be less painful?
  • #10,390
  • Feb 23, 2016 10:34am Feb 23, 2016 10:34am
got the pb got up 25 locked in 20 so finished day with 50 ticks. I feel like I pulled a rabbit out of a hat today lol
  • #10,391
  • Feb 23, 2016 10:36am Feb 23, 2016 10:36am
Quoting jtrade
Challenging day but not without movement... and speaking of movement, I can't help noticing that the NQ has both 40+% more range and volume than even the YM (I'm just sayin'...)... NQ ATR mulitply by 4 to get tick range : {image} But if anyone needs cheering up, somebody on a private forum run by a familiar face has just posted : {quote}
so its like the s and p 4 ticks to a point 12.50 a tick right
  • #10,392
  • Feb 23, 2016 10:42am Feb 23, 2016 10:42am
NQ is only 5.00 a tick or 20.00 1 point
  • #10,393
  • Edited 1:49pm Feb 23, 2016 10:54am | Edited 1:49pm
Quoting Divergence
got the pb got up 25 locked in 20 so finished day with 50 ticks. I feel like I pulled a rabbit out of a hat today lol
You did - bravo, H .

YM & NQ are indeed the same tick size @ $5, just different point size as you say.

.... & btw, H, if I was averaging = or > 50 ticks / day, I wouldn't change nuttin'...
  • #10,394
  • Feb 24, 2016 3:02am Feb 24, 2016 3:02am
'Morning ... two teaspoons of NQ with my breakfast tea :

Attached Image (click to enlarge)
Click to Enlarge Name: NQ.PNG Size: 37 KB


T1 hit whilst posting.
T2 shortly thereafter for +15 + 34
  • #10,395
  • Feb 24, 2016 3:29am Feb 24, 2016 3:29am
Of course, holding until there's a Close beyond a trend line can be a good idea (in this case, at least twice as good an idea...) :

Attached Image (click to enlarge)
Click to Enlarge Name: NQ.PNG Size: 45 KB


<Sigh>

Dumbo.
  • #10,396
  • Feb 24, 2016 6:37am Feb 24, 2016 6:37am
Quoting jtrade
Of course, holding until there's a Close beyond a trend line can be a good idea (in this case, at least twice as good an idea...) :<Sigh> Dumbo.
imo, the NQ should be measured in points, not ticks. 10 to 20 point moves (40 to 80 tick moves) are commonplace - even when the YM and ES go into a less volatile, more sleepy sideways environment. Also, old-fashioned trend lines and simple patterns like wedges, flags, and penants seem to "work" more regularly on the NQ than on the YM and ES, in my experience.
  • #10,397
  • Feb 24, 2016 8:09am Feb 24, 2016 8:09am
anyone trading today?
Become the casino
  • #10,398
  • Feb 24, 2016 8:13am Feb 24, 2016 8:13am
Yes, I am...
  • #10,399
  • Feb 24, 2016 8:15am Feb 24, 2016 8:15am
yes me too degil .. need to watch for 1030 inventories data
Become the casino
  • #10,400
  • Feb 24, 2016 8:25am Feb 24, 2016 8:25am
Quoting erasmus66
yes me too degil .. need to watch for 1030 inventories data
How about posting a reminder 5 minutes before the report ?
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