Yes, I used a 1.0, .75 and .5 chart. I'm at the beach right now. I took nothing but level two trades and sync trades. Look at it from that basis. If you are still having trouble I will try to recreate the charts when I get back.
nas 100.i have put the tick chart .0.75 by 3 hilo data.it is for 2 days.thursday and friday.the blue line is market open on friday. you can see the trend into friday quite nicely.i have put the chart in pdf form so it can be enlarged etc.it is much clearer in pdf than png or gif
dentist007, E-mail from this site is getting caught in my spam box so I just got your message and replied. Sorry about the late response.
HG, It would be very helpful if you could attach today's chart for ES (.75x3) and show us which trades you would have taken with your entry points, targets and stops using the P&F signals discussed here.
I'll take a look at it tonight. I didn't trade yesterday or today due to tax deadlines. I have discovered one thing though. On low range days it is better to trade failed double tops and bottoms on any chart.
HG, Although you didn't trade today, it would be good to see how you would have traded and to know the rationale and logic behind your entry points, targets and stops.
Investor r/t will allow me to play back the day. I have no idea how the day went other than the final total. I will post the trades I would have made in real time tonight. I will post my trades as I take them. Who knows, I may lose money, but we will see. I can make the program go at just about any speed I choose. I will make 1 second =20 seconds so I will not have to stay up the entire trading day in real time. It should be fun. I also will note that I never trade before 9am. PS Please don't plan on me doing this on a regular basis because it just isn't going to happen. I am pretty much done with this thread except for questions that may arise.
OK, first some ground rules of what I am going to do. I will only trade 1 contract on all setups with the exception of false double bottom buy or sell signals. I will trade two contracts on those setups. First setup is a sync trade at approximately 9am. The chart below is what it currently looks like. I have no idea whether it is profitable or not. The white chart is the 1.0, the .75 is grey, and the .5 is green. Like I said previously. I have to anticipate the trade. I would have taken this trade at 1334. 1334.25 was the trigger on the .75 chart, and 1333.50 was the trigger on the .5. The 1.0 shows it has much room to go down even though it is not near a sell signal. My stop would be based on the .5 chart because I have a better stop I can use. The stop would be at a double top buy signal on the .5 or 1336. I will have a 2.0 target with a trailing stop. I will ALSO PLACE AN ORDER TO BUY AT 2 CONTRACTS AT 1336 IN ANTICIPATION OF A POTENTIAL FAILED DOUBLE BOTTOM BUY SIGNAL ON THE .5 CHART. edit: I should also mention my trailing stops do not begin for 6 ticks.