Market Direction INDU SPX OEX NDX RUT

Discussion in 'Technical Analysis' started by gg12, Apr 2, 2006.

  1. gg12

    gg12

    +23.24 (0.18%)
     
    #161     May 5, 2007
  2. gg12

    gg12

    Short term direction for YM is up.

    Attached there is a system I call

    YM5_2 8x5

    YM future
    5 point grid
    2 min wave lenght to measure and count
    8 countertrend entry if wave length exceeds 8 units (a 5 points)
    x individual stop
    5 profit target in units (a 5 points)

    That system has been profitable yesterday (in hindsight). No guarantee for Monday. Please do your own backtesting over a longer time period.
     
    #162     May 5, 2007
  3. gg12

    gg12

    Intraday trend ES is up as well.

    Attached is a system which goes with the waves using 2 unit stops. 1 unit in that case is 0.5 ES point.

    1 point = 4 ticks
    1 unit = 0.5 points
    1 unit = 2 ticks

    Entry is at 2 units + 1 tick snapped to the grid lines.
    The same is valid for the trailing stops.

    No profit target here, but 15 units target would have been optimal.

    The name of the system is

    ES0.5_2 S2x2

    It only worked in yesterday's market condition. I don't have a long term statistics to determine the current profit expectation.
     
    #163     May 5, 2007
  4. gg12

    gg12

    YM is Up. I used a 30 minute bar chart to analyse (see attached graphics).
     
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    #164     May 7, 2007
  5. gg12

    gg12

    ES is Up.

    ES and YM are different.

    1 point YM equals 10 points of ES?

    What is your opinion?
     
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    #165     May 7, 2007
  6. gg12

    gg12

    ES is heading up.

    Short term signals with 2 point trailing stops worked well.
     
    #166     May 9, 2007
  7. gg12

    gg12

    YM is heading up.

    Actual signal is long.
     
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    #167     May 9, 2007
  8. gg12

    gg12

    SPX 10 days 5 point grid

    Down since 1505
    Stop 1510 trailing on grid
    Stop is also reverse point
     
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    #168     May 10, 2007
  9. gg12

    gg12

    INDU 10 days on 50 point grid

    Down since 13300
    Stop 13350 trailing on grid

    Stop is also reverse point
     
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    #169     May 10, 2007
  10. gg12

    gg12

    Signals EYM 2 days 5 point grid

    Enter with move at 15 points
    Stop trailing on grid with 15 points
    Profit target could 65 points (13 units)

    System is S3_13_3.
     
    #170     May 14, 2007