Trading Ideas

[enochbenjamin]

Originally Posted by Kiwi

Its a figure scaled to work with the figures for long term (1.1) and short term (0.8) so that the positive and negative bars in region two look nice. But it means that long and short timeframes agree at close of the last bar.

gotcha - Teb is very similar to cornflower...do you use one system over the other?

also - for pullbacks on teb, do you trade pullbacks into the cloud???

thanks in advance.

[enochbenjamin]

Originally Posted by FGBL07

Since I'm a discretionary trader, I cannot contribute much to the discussion of trading systems. But maybe someone more skilled than me can make use of the condition I described in the attached file.

I found it useful only in the situation described for March, 9th. But I rarely monitor it since most of the time I don't need it and it is kind of Information Overload for me.

I have been monitoring this occurrence in NQ for the past couple of days and I think you have stumbled on something. The divergence you describe does not happen very often but when it does it usually is the start of a nice selloff.

The attached image was after a rejection of the pivot and was the start of a 10+ pt drop in 20 mins.

Has anyone else been paying attention to this? If so in what markets?

I also started a new thread to try and get some help creating an alert for this situation.

[enochbenjamin]

Happened again at 9:50 AM CST. Good for 10+ move.

[Kiwi]

That's a really nice idea FGBL, EB. A nice trade idea. I'm not surprised that it only works in one direction - I've been surprised how direction specific some setups can be but also how market type specific they can be.

If I'm right and this is the top of a bear retracement then the examples are from a bear market. Have you seen it in a bull market? Or will we have to wait a while to see if it works in one.

Re TEB vs CF I see them as very different. If you took CF and bought its signal and a 5m price+ma signal then you could buy at quite a different point to where TEB's first signal came. I think CF is actually "better" but TEB combines his trend addition with very specific times that correspond to opening trends.

[FGBL07]

@enochbenjamin:

nice to read that it works in other markets too. What time-frame did you choose? Looks a bit short to me.

@Kiwi: I'm watching this in the Bund Future Market (German Version of TN), I don't know whether this pattern is specific to a special market condition. In March, when I made the screenshots, the Bund Future traded sideways, so I cannot make a conclusion here.

[enochbenjamin]

Originally Posted by FGBL07

@enochbenjamin:

nice to read that it works in other markets too. What time-frame did you choose? Looks a bit short to me.

I am viewing it on a 1350 tick chart.

[FGBL07]

Originally Posted by enochbenjamin

I am viewing it on a 1350 tick chart.

That's less than 5 minutes, normally? If the NQ moves enough in this time, it will be ok. Did you try a longer time frame, say 15 - 30 minutes?

[enochbenjamin]

Originally Posted by FGBL07

That's less than 5 minutes, normally? If the NQ moves enough in this time, it will be ok. Did you try a longer time frame, say 15 - 30 minutes?

No I haven't, but I probably should before I throw real money at this

[vintageus]

Originally Posted by Rick

Is anyone interested in a discussion about market timing, when possible reversal times of market direction might occur? At this time, I am using the 2pt and 3pt timing extension tools to help identify possible reversal times in market direction.

Here is some Free info I offer On Market Timing and Price.

I trust you will find it useful!

http://www.youtube.com/livefuturestrading

Thanks to Admin for allowing me to post

Vinnie

[mglenn10]

Originally Posted by Kiwi

But more seriously (and apologies if any offence was given Rick)

A useful little system for trading forex is called Cornflower and it was offered in 2007 on forex factory. It sets up a retracement trade on an hourly chart and you can either take and trade on hourly or drop to a 5m chart and wait until the trend recommences on 5m.

Either strategy has merit but its worth knowing that you need to judge whether the trend is still active in deciding whether to take an entry. I tend to follow the belief that at any level of trend the market tends to make 3-4 pushes forward before it makes a bigger retracement or reverses trend. Thus, taking retracement 3 or 4 is has an increased risk of failure, no matter what strategy one has to validate its position.

The thread may be found Lever70's Cornflower Hourly System.

And a draft summary of the system was posted here

I'll post a 60m and a 5m study collection soon.

Thanks for sharing this Kiwi. Except for the different time frame ratios it looks a lot like the way Ryan Watts teaches his system in his trading room, which I also learned about from one of your postings and have done really well on. I will try to learn something from Cornflower to help me further my journey. I like how clean the chart is and the potential of being able to play back towards the s/r after those 3-4 pushes more often than I do now. I hope this thread gains traction.

[vintageus]

I dont bother with indicators accept for Andrews Pitchfork. I use Cycles, Price Action and Solid Mathematics to determine Time and Price Points in the Market.

If you wish to see some of my work you can visit,

http://www.youtube.com/livefuturestrading

Regards

Vinnie

[suckapump]

I posted this elsewhere, but does anyone have SC implementations for the moving averages described in this post?

http://www.traderslaboratory.com/for...html#post22692

They look pretty interesting....