Beautiful ES slam-dunk trade

Discussion in 'Index Futures' started by chrisdunn, Jun 24, 2009.

  1. This was something pretty sweet that I noticed on the S&P Emini (ES) yesterday...

    I took the first two pictures at the close of market yesterday. Notice the beautiful head and shoulders on the 2584 tick chart.

    [​IMG]

    The target for for me was around 903-905. I don't trade pre-market or hold positions over-night, and I rarely make calls for the next day, but this was just too sweet to pass up.

    [​IMG]

    Here's the completed picture for today...

    [​IMG]
     
  2. What is the indicator on the bottom? If you like to share.


    mike
     
  3. Yeah, I agree with you Chris.

    I called it here real-time. :) :cool:

    Link
     
  4. I see 100 of these pattern set ups a day in the ES. Some work out , some don't.


    Not realistic to cherry pick. And I never go over 2566 ticks, the 2584 tick chart is too 'thick'
     

  5. You're missing the point.

    Yes, I see h&s all over the place. I wasn't "cherry-picking", just pointing out how clear that pattern was and the result.

    And actually, I use as high as 10,946 tick charts... I don't use them to actually take my trades off of, but they help for longer term trends and areas. I prefer larger tick charts over minute charts.
     
  6. VinnyB

    VinnyB

    Chris,

    I keep flipping from minute to large tick for anchor chart but always go back to time or volume charts. I do use a small tick chart but I like either the volume or time for anchor.

    Just preference or am I missing something more important?

    Thanks again,

    V.
     
  7. Whatever works for you...

    Think of the market as a movie. It doesn't matter if you're using tick or minute charts, it's still the same movie. The only difference is the perspective you're viewing it from.

    For example, minute charts are like watching a movie on a regular screen, where tick charts are like watching 3D or Imax. Same movie, different perspective.

    I'm better at using tick charts than minute charts and a volume indicator... it just flows better for me.

    Good luck,

    CD
     





  8. Beat you by almost 3 hours in the same thread


    :D




     
  9. damn, you guys are competitive... lol

    question is, did you make money from it?
     
  10. LOL

    Good call (and I bet neither one of us were using tick charts). :D
     
    #10     Jun 25, 2009