ES DT Picture

西安

Does any one tried use tick charts and BB indicator on day trading? I feel it is a little bit easy comparing with 5 mins chart( Al Brooks way). Here attach a picture of today.

ES 3600 ticks

bucks

summer123

can you label where to buy and sell?

西安

It is hard for me to use TOS to label on charts. I will try to use text to indicate possible trades.
9:45 is a H2, it is a buy;  the red bar after 10:00, is a L1, BB expended, it is a good reversal signal, it is a short; the big green bar after 10:15, H1, long.

西安

prefer no trading between 11:30 to 13:30.
Around 13:30, there is a H2. A buy.
The big red bar around 14:30 is a L1, short at 1085.25, stopped out  at 1086, a lost trade. This bar is a H1 as well, so long at 1086. this is a great trade.

开小差

thx, ding that's good point, will give it a try.

southware

谢谢分享

graceabrams

Do you trade on every wave every day? You must be very efficient.

西安

回复 8# graceabrams
no, sometimes it will be easy, sometimes it will be very hard. I think when volume is large, it would be useful and easy to follow.
I knew AL Brooks's book from hutong. It is a very good book for ES trading. But is has a disadvantage on huge volume days, that is the 5 mins bar is very large and requires big stop loss. When I tried to use volume bar, this problem solved.
But, I am new to DT and test this for short period. This is why I post it here for discussion.  

graceabrams

回复 9# 西安


   

氢氧化钠

Does any one tried use tick charts and BB indicator on day trading? I feel it is a little bit easy c ...
西安 发表于 2010-9-2 20:11

    没明白，有什么不一样吗？

西安

回复 11# 氢氧化钠

I think some reversal bar on 5 mins is big then tick chars, so I try to use ticks bar to limit my possible loss.
another reason is MM always take our stops then push the price to the original direction. but I am not sure using ticks charts could avoid it. I will observe it in my trading. If anybody know the difference, please let us know. Thanks in advance.

西安

Trading on Sept. 4, 2010

西安

1. Great break out trade on news, got up 5 mins late. Miss it. ( Traded ES overnight till 2am pt, so regret)
2. first L1, wait for the second one.
3. L2, 5 wave, three pushes up. Short @1102.00
4. DB at 1100 and 9:30 will come. Cover @1100.25.   this trade: +1.75 points
5. L1 Short @1103, Why L1? new high is only three ticks above overnight high.
6. Covered @1098   This Trade: 5 points
7. 5 wave, three pushes down, excellent point to enter long.
    but skipped,  a.11:30 is coming(I would prefer out of market during 11:30-13:30)
                          b. my bear bias
A. a short point after three pushes up, not to far from 1100. So wait for 1100 break out.
8. Break out trade: short 1099.75. (MM假摔)
9. Stop out at 1101.25     This trade: -1.5 point
    Summary: trade what you see( short at A), not what you thought(Short at 1099.75)
    I did wrong.
B. Short at 1102. A gambling entry, out at 1100.25. Just want a second leg down(my thought)
   This trade: 1.75   
   Summary: Still has strong bear bias, gambling trade. I know from 8 to B, market is trending up, and maybe new high from chart, but I would insist my bear mind as many traders do, give MM more power to push ES price high.

西安

Many long entry set-ups on this chart, if I did the other way, Friday's trade will be easy and profit will be big. But my fear and bear mind after big up limited me at that time. Any Dalao has  good experience to overcome it?

天龙

回复 15# 西安


   anyway to show on chart the entry point and exit point?

开小差

回复 15# 西安


    i had bear bias 2, that's why i kept shorting the mkt. however, i tried to long later, but got stop out.

abaqus

Many long entry set-ups on this chart, if I did the other way, Friday's trade will be easy and profi ...
西安 发表于 2010-9-4 17:07

    做过足球门员吗 （点球）？

1。先判断球来的可能方向，但千万不要动
2。对方起脚步后，马上行动，不要再等。otherwise, will be too later..

西安

回复 16# 天龙
The only way I can do here is marking a number around the signal bars as entry and exit point. This chart is from TOS, my trading platform doesn't have tick charts.
I used a DEMO platform one month ago, it is terrific, but I have to buy software and Data, almost 100 dollars per month. To expensive.

西安

回复 18# abaqus

Totally agree. Trading always makes me exciting. Sometimes I can not help myself to join into the market. Thanks for your comments.