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10 tick open range play...


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10 tick open range play...

  #21 (permalink)
Jugador
USA
 
Posts: 162 since Jul 2009
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Andrew View Post
Jugador,

I'm watched lately level drawn from close of first 2 minute bar on ZF on 2 minute chart. Then waited for pullback to that level and entered long or short. Sometimes that levels still important through the whole day.

Krgds,
Andrew

Yeah, see what you mean. Nice bounce off the 2 minute high on the ES today.

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  #22 (permalink)
Andrew
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Posts: 217 since Dec 2009
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Jugador,
You got that right.

That also could be used for short trades as well.
The problem now I'm trying to solve is :
- price bounces not all the time, sometimes it goes through
- that also regards to "intraday" additional using that level for entries both long and short.
the main rule price should be at least one "complete" (open and close) bar be above or below that level, the bounce could be expected.

+ I think how to use may be together CME published ranges and that entries,
It works almost on all instruments
+ I looked on your 10 ticks strategy - also very nice

Well, huge filed for the work
Your comments/suggestions/ideas are very welcome.

P.s. you know I still sure that there are good simple strategies based on different kind of levels, which could be traded good (a lot of that stuff was used by "old" traders and pit traders nowdays seems still using quite similar strategies.

Krgds,
Andrew

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Last Updated on December 30, 2009


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