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It really depends on the time of day and my thoughts on where the market may go. Premarket / evening-overnight, I look for small moves that I can scalp in / out and hopefully grab 1-2 points.
I will go with OTF trades if I feel the market is really extended up/down and recently missed a really nice one with the /NQ getting beat down after the Italy vote... It was staring me right in the eyes and I didn't take the trade. 200 up points later, I'm kicking myself, but hindsight is always 20/20.
/NQ - tech has been the only sector really lagging and today it appears that it fully caught up to the other sectors. I felt it was coming, but didn't pull the trigger. UGGGHHH.
As for my RTH chart set up, I use a (/ES) 1 Min with a simple daily VWAP, 5 Min that I mark ONH / ONL and S / R lines, 15 Min chart with R1 - R3, S1 - S3 and Pivot Point, the R#'s and S#'s lines will show relative to where the market is.
I also have a small version of MP, NYSE Tick indicator and a Tillson (T3) indicator that essentiall red light / green light on the market movement.
It probably sounds like a lot or to much, but my main focus is typically the 5 Min chart and what the market is doing between the S/ R lines and the NYSE tick to get in / out on tick pop /drop depending on direction of trade and market movement.
I'm no market wizard here, there a plenty of peeps here that are much better and more advanced trader(s) than I.
Also, I've been using Sierra Charts for 6 months now and haven't complete found a set up that I feel is ideal.
You miss 100% of the shots you don't take. - Wayne Gretsky
I wasn't familiar with the name T3, I knew it as triple ema. When you have time, can you tell me the settings you're using for T3? I'm assuming you're using it to determine trend on your 15 minute chart. Is this correct?
I primarily trade the /ES, on occasion the /NQ or other markets (/DX, /GC or /ZB), but for the most part it's just /ES. I learned earlier in the year that I was trying to trade to many markets and decided to focus on the /ES.
I typically trade the Asian session as the Euro session is to late, but I occasionally will trade the Euro session if my schedule the next day allows it.
I always mark the RTH High / Low for the ETH sessions and put in support lines from where the /ES was trading during the US RTH for clues to what **may** happen during the ETH into Asia.
Japanese > Hong Kong > China is the way the Asian markets open and they have news releases and trends just like we do in our market(s). They also break for lunch, so there are some nuances that they have that we really don't have in our RTH market. They also will have prior day support, so I keep that in mind on which way they **may** move.
You miss 100% of the shots you don't take. - Wayne Gretsky
I've been trading futures (mainly NQ) for about a year. I'm not real fond of ES, it's to slow for me. I wish I liked the ES, I'd save a lot in commissions.
I traded the European and London open for about 5 years, trading the spot forex.
I called it the Delta 7F. It's a /ES 3 Min chart with a EMA and average price per bar.
Attached, feel free to use and change. If you're able to make changes that show the trend better, I'd like to see it. I have removed the price lines as I wanted it as simple as possible, those can be added back in if you so choose.
It's based of off Don Miller's F6 Delta indicator, but much more simple. I use it as a small indicator on my main charting screen and only look back an hour during /ES RTH.
You miss 100% of the shots you don't take. - Wayne Gretsky