ES Reversal Method

Discussion in 'Journals' started by no_pm_please, Mar 30, 2006.


  1. I monitored the thread for awhile after my last post. I didn't see any questions about the method. Just lots of people adapting the method to their market or timeframe. If anyone needs a question answered I'm more than willing to answer it (about the original method for the ES market). I thought there wasn't much left to explain. My interest in it was to find out if anyone had used it for their trading. I'm satisfied now that noone really traded the method, nor should I worry that anyone will trade this method to the point of saturation.

    During trend days this and the divergence method will lose money. For this method I've decided to stop taking signals once I'm stopped out and the stop is outside of the previous days range. In todays case, yesterdays high was 1319.25 and the low was 1304.75. If a buy is stopped out below 1304.75 then I won't take anymore buys for today. If a sell is stopped out above 1319.25 then I won't take anymore sells for today.
     
    #11     Mar 31, 2006
  2. Anybody want to help me out and tell me where the low of the day is so far (since the open...not overnite)? It'd be nice to know if this trade gets stopped out to see if another setup is brewing.
     
    #12     Mar 31, 2006
  3. LMeyers

    LMeyers


    LOD = 1308.5
     
    #13     Mar 31, 2006
  4. Thanks, if it trades at 1308.25 I'll assume this trade is stopped out and start looking for the next one.
     
    #14     Mar 31, 2006
  5. Ok, since we've traded at 1308.25 I'm assuming the first trade was stopped out. New low is being set with this bar.

    Now we wait for the stop of new lows being set on the 5 min. bar.

    30 min. cci is showing the buy zone is active so only have to wait for the 5 min. cci to cross above the average.
     
    #15     Mar 31, 2006
  6. The new low is 1307.50 so unless a new low is made befor the 5 min. cci crossover, then the stop loss will be at 1307.25.
     
    #16     Mar 31, 2006
  7. Long 1309.25 stop at 1307.25
     
    #17     Mar 31, 2006
  8. Stopped out at 1307.25.

    Now wait until the 5 min. low stops making new lows.
     
    #18     Mar 31, 2006
  9. New low at 1306.75 so I'll use 1306.50 for the next stop loss point.

    Just waiting for 5 min. CCI cross to get long again.
     
    #19     Mar 31, 2006
  10. Making new lows so I'll have to reset the stop loss point when the dust settles.
     
    #20     Mar 31, 2006