Bolter, Well done again. Took your call today and went long 10 ES at your LVA of 1263.50 (mainly because it coincided with my own signal which is not MP-based). Turned out really well and I got out at your UVA of 1268.25 with enough bucks to take care of next couple of V-Day dinners. BTW, Do you come from a Land Down Under? (Where women glow and men plunder?) Happy trading.
LMeyers, Good for you. Spend some of your profits on your valentine. We all need to make the world go around! bolter
Lmeyers, And as a matter fact I do hail from the land down under - where the women blow and the men chunder! Very astutue of you!
Thanks to the guys who suggested using the Constant Vol charts. I tried using the 5000V charts on eSignal and they seem to work better for the BidAskAnalysis.efs. Was previously getting too little seperation on the values on each 5min bar. Seems better here. I find it interesting how the ES bottoms everytime the Sell vol hits a peak level on a few bars.
I'd really like to see Bolter's levels for tomorrow. Days like today make my brain spin when looking at TPOs and volume all over the place!
Press the comma key on your keyboard and a box will appear in the chart. type 1000v in the bottom box for a 1000 volune constant volume chart. Or 100T for a 100 tick chart etc. You can also try something like 10P. It creates some weird chart type but i can't work out what the bars are being calculated off. Runningbear
Great call once again Bolter. I cursed myself for not putting in a buy around the LVA when it bounced the 2nd time . I got distracted with other stuff and I missed it. One of these days here when I get the bugs out of my own system I'll have to only trade the ES so I don't get side-tracked. So how much are you up on your paper trading so far Bolter? By the looks of it, it's a shame you weren't in the market this month.
Master, Let's just say I'm doing ok - on paper! I'm on track to hit my goals this month which means I can start trading real $$ next month. The good thing about trading is that the markets will always be there. Cheers
Yesterday was a trend day - where we cleared the IB and didn't look back. As you can see from the chart below our levels worked superbly well again today - I'm bummed I wasn't trading. Buying the second bounce off the LVA is one of my favourite trades. If the market has strength at the UVA I'll ususally look to add some more on a downtick and set an agressive target. As you know I like to use a vaccuum as a target if one is in range, they tend to act like a magnet for prices. The market feels a need to fill the void. Well that strategy worked perfectly today. I've been mentioning the vaccuum at 1277 for some time. Well you can see what happened on the chart below (pink line at the top). Hope you all had a good day.