how to manage false breakouts on NQ ES

Discussion in 'Index Futures' started by pawpaw, May 27, 2003.

  1. I pulled the chart and don't see it? In any case, I would never consider a breakout in the ES "off hours" as valid. Whether that's correct or not I've no idea. But I only stick to 09:40 - 11:30am yankee EST (or 14:00 - 16:15 EST) when trading the ES. No other times permitted!
     
    #301     Jun 9, 2003
  2. klutz

    klutz

     
    #302     Jun 9, 2003
  3. It looks to be between 9:40-9:50, the bar poskes above the BB, and the next bar makes a lower low, but also a higher high - so I suppose that invalidates a possible entry?

    Thanks!
     
    #303     Jun 9, 2003
  4. Klutz, your intellect matches your penis size. I'm a sad fucking wanker ....because? Finish the statement asshole! Because I enjoy fucking with dimshits like you, that's why. Everyone else with half a brain was able to figure that out.
     
    #304     Jun 9, 2003
  5. klutz

    klutz

     
    #305     Jun 9, 2003
  6. Just to clarify so I can see where you're talking about: What symbol, what date and time zone?

    But to answer without looking, yes that would invalidate. A pivot high is only formed when we've had a subsequent lower high. Which meams you must wait for the next bar to close before seeing if that criteria was met. We also need a lower low (not necessarily the same bar as the lower high bar).
     
    #306     Jun 9, 2003
  7. Klutz, have you ever considered that retorts like this make you look like a fucking idiot? There is absolutely nothing remotely original or funny about them. You ain't even in my league pal, so piss off - you're becoming a BORE.
     
    #307     Jun 9, 2003
  8. A few pages page, there was some chat about "post your method, you post yours". Let's be clear, I'm not bothered if a genuine person doesn't post their method. Maybe they'll just take mine and enhance it and give it back. I can deal with that! Or maybe they'll post one when they have one (if they're new to trading).

    The only people I 'demand' post their method, are the ones who have the fucking audacity to criticise me after posting mine. Or the fucking moralisers who can't leave me alone.

    Just so's that's clear!

    :)
     
    #308     Jun 9, 2003
  9. pretzel

    pretzel


    Thanks for the info on EUREX - I didnt know about the 50 cents charge. I'll have to tweak my BT to do less stop changes.

    I'm not sure but I think 15 pts is too big a target for a single contract. I think the MAE/MFE analysis from WL may help in determining targets for multiple contracts.

    pretzel
     
    #309     Jun 9, 2003
  10. pretzel

    pretzel

    FT,

    You're right. It's easier to eyeball the pattern.

    IMO, the ff are not easy to code?
    1. there should be a pullback of x number of bars after a pivot before a BO entry occurs (no chasing if the next bar BO's from the first pivot)
    2. the BO may occur after x number of bars - so how far back do you check for the last pivot bar?
    3. there may be a new pivot bar after the first pivot before a BO occurs - so the code must change the pivot bar to the new pivot bar
    4. moving stops - very discretionary

    pretzel
     
    #310     Jun 9, 2003