Yannis, Hope you don't mind. I just moved some of the post over from the old thread to this thread. I put an explanation in the old "TIMES" thread.
There was also a set up at 13:04 on the 1M chart ES. I did not take it. Again, price made a double top around 998.75. The corresponding MACD points and the Sto points made lower highs. I call this trade my VTDT. VisionTrade Double Top. Price moved down about 4 points. BTW - If price trends strongly (say 4-5 points) and then a signal is generated in the opposite direction, as was the case here, I generally wil not take it. The set up seems to fail alot on the first signal after the trend.
I am really hesitant to post my indicator settings at this point. This is in no way a proven system. I'm just posting this to develop the method. It seems like a good idea. I do not want to mislead anyone. I have just begun to trade this real time The back testing (performed manually on TradeStation) was really nice, but we all know that's a different story. I am really here to develop the method for my own use and to share ideas with others. I will consider giving out the indicators. Let me think about it. Any feedback on this?? I am using the same ones on both charts. Based on a comment from RAM, I just started looking at 3M charts. No history here. Let's find out in this thread how it's going to work.
Worry about more important things. There is much more to learn from this besides the specific settings of the indicators.
That's very responsible of you. The method however is very simple and can be used profitably. You just need some practice, perhaps adding some filters. Perhaps 2 min timeframe will prove better, 1 min bars create too much noise. Anyway, good luck.