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Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
Posts: 2,311 since Nov 2011
Thanks Given: 7,341
Thanks Received: 4,518
@adam777
Perfect chance for you to go straight to the sources and ask him this Thursday February 21st. Be sure and sign up and submit your question ahead of time even so he will be sure to get to it.
Ron
...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
I forgot to post the recording of the last AMA Webinar for those who missed it or didn't register. Thanks for watching it and hope you pick something up that is relevant to you.
Risk Disclaimer: Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
Classic wedge setup during London session with a Trend Channel Line (TCL) Over Shoot & Reversal @8:30 lead to last Friday's rocket launch. I would love to have software that scanned the markets in real time for 3 push wedges (or other formations) with TCLs so that I could look for an OS and trade these setups exclusively! The market scanners which I am aware of are all only EOD daily versions. Does anyone know of a 5 min. intraday market pattern scanner which can effectively identify wedges as they are forming?
I often get confused as to where the proverbial LIS (Line in sand) is on a pullback from an impulsive move up (for this example: can be used in similar context in down move obviously). If for example we are trading above the session mid after consolidation/chop around mid and have an impulsive move up, would the trade "idea" for stalking longs on a pullback be invalidated if we breach the 50% retrace of that impulsive move up? The reason for asking obviously relates to stop placement and position sizing.
Secondly on a pullback from an impulsive move up do you typically place a resting limit order against initially high liquidity on the book and then add to the trade after you see absorption and additional large buying coming in (such as >209 lots in ES)?
Thirdly, how on bookmap do you effectively execute a long after you see large aggregated volume buying stepping into the market? Do you just lift the offer right away or wait for a micro pullback to place limit long via the zipper formations you talk about all the time?
I have an ES chart set up according to @FuturesTrader71 guidelines :
2t Renko with Zig Zag based on Harmonic Rotations ( short timeframe- eg 5 min)
In ES :
the zig zag line keeps forming until there is a pullback of 6t.
A normal rotation is around 3pts.
A bigger than normal rotation is around 5pts.
My question to anyone familiar with his current stats is : What are the equivalent numbers in CL ?