CanOz's intermittent and sporadic trades

[sinner]

Re: Scalping the DAX (SIM)

Why aren't you looking for set ups at Support and or Resistance?
Look for Volume coming into them. Fade it---unless it gaps through or convincingly breaks it.

Out of curiosity, how many S/R setups you get in a avg day? 2? 4?

 

[Joules MM1]

Re: Scalping the DAX (SIM)

For divergence you need a couple of new low/highs...yeah?

By the second one that has rolled back into the old range you should already be thinking about the possibility of the next one being a fail and a bigger chance of a change in trend on the higher time frame, then again you really have two plays. A possible new and extending breakout or a change, both should be played at the outside of ranges before so called confirmation.

Scalping = have an idea = get the position on the turn.


yeah I don't take much use of it, I want my positions with the other who are causing the divergence not with those that have noticed it after its happened. What you want to look for is how the book is refreshed after the first bit has been hit, especially how its filled back up towards the end of the bar/period.

No you will always see them. What do they mean? Nothin'- you would be surprised not to see them.

yeah........ I guess. After TA doesn't work. I've stated that before.....

good business clues.... +1

 

[Trembling Hand]

Re: Scalping the DAX (SIM)

Why aren't you looking for set ups at Support and or Resistance?
Look for Volume coming into them. Fade it---unless it gaps through or convincingly breaks it.

Out of curiosity, how many S/R setups you get in a avg day? 2? 4?

I don't know. I do 50-100 trades a day from support/resistance- just about all of them fades. To me support and resistance is not a here and there for the day kinda thing. I like Franks idea - support and resistance is dynamic and moves with time. Once you can see this the day is full of trades. IMO.

 

[tech/a]

Re: Scalping the DAX (SIM)

Out of curiosity, how many S/R setups you get in a avg day? 2? 4?

Varies.

I use a 1 min chart.
Im not scalping.
Swing trade. If I get a good run
20- 30 ticks Ill call it a night.
Only trade FTSE and DAX for an hr or so.

Here is the FTSE and this is 4 trades in 1 hr.(had it saved in piks).



As you can see I use volume in finding a possible support or resistance zone.

 

[CanOz]

Re: Scalping the DAX (SIM)

IMHO the correct squiggly line to use here is not a single parameter indicator/filter but rather a non-parametric adaptive filter. These track trending/ranging well without the requirement of back-fitting the filter using yesterdays data (and hoping it sticks for todays data).

Let's say you are running it on the 5 min, you can drop to the 1 min and attempt to enter swings which would move the filter on the 5 min. This is a well known scientific method for forecasting time-series which are random or pseudo-random.

Take a look at John Ehler FRAMA (my favorite) as well as MAMA.

http://www.mesasoftware.com/technicalpapers.htm

It might work differently in the index futs (perhaps inverse), but I am doing something very similar to this when I trade forex intraday.

I slapped a MAMA on the chart Sinner but it quite tight, not sure what its telling me. I had though that an optimised MA would have been kind of kool but its not really that nessesary is it. I just want to know what the trend at the moment is, and where i could see volume/size come in yeah?

S/R yeah, the prior day OHLC is significant, Pivots, S/R areas where high volume occurred before...

I didn't say what i was and wasn't looking for, for levels yet at all

Just trying to get setup...

CanOz

 

[sinner]

Re: Scalping the DAX (SIM)

I slapped a MAMA on the chart Sinner but it quite tight, not sure what its telling me. I had though that an optimised MA would have been kind of kool but its not really that nessesary is it.

The utility is simply in that you don't have to pick a parameter. With a regular MA you have to as TH said "find one that seems to be friendly to a trend in what ever market" and hope its consistent when you use it live. The adaptive MA should flatten out in range and trend in trend, regardless of time-frame/market/etc.

I use a 1 min chart.
Im not scalping.
Swing trade. If I get a good run
20- 30 ticks Ill call it a night.
Only trade FTSE and DAX for an hr or so.

Here is the FTSE and this is 4 trades in 1 hr.(had it saved in piks).

Thanks tech, nice and clean...assume the 'hr or so' is the open?

I don't know. I do 50-100 trades a day from support/resistance- just about all of them fades. To me support and resistance is not a here and there for the day kinda thing. I like Franks idea - support and resistance is dynamic and moves with time. Once you can see this the day is full of trades. IMO.

Yea that Q was more directed at tech, but thanks for the insight too

 

[CanOz]

Re: Scalping the DAX (SIM)

I've had a bit of fun on the sim today. This was my last effort on the 16th. I got caught trying to fade the big move....typical amateurish behavior...

I took TH's advice and started with one contract and built up a little war chest, then went to 4 contracts. I tended to take 2-3 point profits...couldn't shake the 20 point SL though, I'm just not accurate enough.

This is great entertainment on a sim. I've never been much for video games buy this was sort of like a video game. Pretty good way to practice too, with market replay.

Cheers,


CanOz

 

[Joules MM1]

Re: Scalping the DAX (SIM)

I've had a bit of fun on the sim today. This was my last effort on the 16th. I got caught trying to fade the big move....typical amateurish behavior...

on the upside, now the amateur angle has been perfected, the pro angle is your obvious next step

what is the average length of time of each loser
what is the longest time of a loser
what is the average time of the winner
what is the longest time of the winner

 

[CanOz]

Re: Scalping the DAX (SIM)

on the upside, now the amateur angle has been perfected, the pro angle is your obvious next step

what is the average length of time of each loser
what is the longest time of a loser
what is the average time of the winner
what is the longest time of the winner

Yeah see your point here. I was cutting my winners short and hanging onto the losers...esp while trying to fade that strong impulsive move up...

HSI today....all i can say is watching on the book is :22_yikes:...compared to the DAX at x 3 ld:

CanOz

 

[CanOz]

Re: Scalping the DAX (SIM)

Well i took my HSI honed book trader skills over the lethargic DAX and got absolutly hammered all morning (exchange time), it took me half the afternoon to get back above water. I did it my way, without the book. I use the chart trader and limit orders. You can see on the scatter. I did take a little more size as well, which you could never do unless you were having a great day, otherwise its revenge trading.

Tomorrow I'm going to try the markets my way. I'm too old for reading these bloody books.

CanOz

 

[Joules MM1]

Re: Scalping the DAX (SIM)

I'm too old for reading these bloody books.

CanOz

:bayer: coffee/screen/spray

 

[CanOz]

Re: Scalping the DAX (SIM)

Thanks to a mate on here i now have a trial on some DOM tools that let the prints linger a little longer. This is very handy for those of us that cannot recall where these big numbers hit the market. You can clearly see how the selling increases on the way down and them buyers step in at some point. Before i couldn't recall what happened on the last tick let alone ten above....Those of you that are reading a DOM without this are truly gifted!

CanOz

 

[CanOz]

Re: Scalping the DAX (SIM)

Well I've had an interesting day trying to read the DOM on the HSI and the Dax. So far I can now notice:
..when, to the tick a big order hits the bid or offer and stops move dead in its tracks.
..when selling into a drop in the market dries up and buyers step in
..when the market is likely to move as a result of a buy or sell order not moving the market in the opposite direction.
..when the selling or buying is being absorbed by the limit orders...

Like I said I can now notice these things, where as before it was just noise to me.

Cheers,


CanOz

 

[Joules MM1]

Re: Scalping the DAX (SIM)

......
I can now notice these things, where as before it was just noise to me.

this is the journey to reading with price rather than behind .......

sounds good, Can ....keep us aprised

 

[tech/a]

Re: Scalping the DAX (SIM)

Well I've had an interesting day trying to read the DOM on the HSI and the Dax. So far I can now notice:
..when, to the tick a big order hits the bid or offer and stops move dead in its tracks.
..when selling into a drop in the market dries up and buyers step in
..when the market is likely to move as a result of a buy or sell order not moving the market in the opposite direction.
..when the selling or buying is being absorbed by the limit orders...

Like I said I can now notice these things, where as before it was just noise to me.

Cheers,


CanOz

Is it that easy--- one day?
Can you transfer that knowledge into trades?

 

[CanOz]

Re: Scalping the DAX (SIM)

this is the journey to reading with price rather than behind .......

sounds good, Can ....keep us aprised

Thanks mate, the three months of reading the time and sales when I first started has really helped too. This must take months of screen time to be able to hone into a money making skill Tech.

This is the first time that I feel progress has been made.

CanOz

 

[tech/a]

Re: Scalping the DAX (SIM)

Thanks mate, the three months of reading the time and sales when I first started has really helped too. This must take months of screen time to be able to hone into a money making skill Tech.

This is the first time that I feel progress has been made.

CanOz

Interested in your progression.
I remember looking at T/H's Scatter chart which is on the boards here somewhere.
At the time I noticed no real edge 50/50 ish.
I remember commenting that his profit on that chart came from a few much larger moves in the day.
The rest sort of cancelled each other out.

(Not having a go here).

 

[Trembling Hand]

Re: Scalping the DAX (SIM)

Interested in your progression.
I remember looking at T/H's Scatter chart which is on the boards here somewhere.
At the time I noticed no real edge 50/50 ish.
I remember commenting that his profit on that chart came from a few much larger moves in the day.
The rest sort of cancelled each other out.

(Not having a go here).

Oh dear this old rubbish again.

 

[Trembling Hand]

Re: Scalping the DAX (SIM)

Tech you clearly don't know that the CFD at the time had a 2 point spread. Therefore every trade started as a 2 point loser yet my average loss was under 3 points and average win 5.

So cuz ya a duck I'll do the maths for ya,

Removing the 2 point loss to find the actual movement of the instrument,

on Average it moved 7 ticks towards me on a winner

AND less than 1 tick against me,

7:1 hows your trading going over 300 trades? Got those numbers?

 

[skc]

Re: Scalping the DAX (SIM)

Tech you clearly don't know that the CFD at the time had a 2 point spread. Therefore every trade started as a 2 point loser yet my average loss was under 3 points and average win 5.

So cuz ya a duck I'll do the maths for ya,

Removing the 2 point loss to find the actual movement of the instrument,

on Average it moved 7 ticks towards me on a winner

AND less than 1 tick against me,

7:1 hows your trading going over 300 trades? Got those numbers?

I seem to recall CMC at the time had a tiny delay in their price feed that's probably worth 1 tick per trade for someone with a fast connection... but I highly doubt that can be worked for meaningful order size.

BTW what just happened in Europe?