Darn, just when I figured we'd learn how to be one with the universe and do a Vulcan mind meld with the markets. Guess that just leaves us with simple TA then.
I can't speak for anyone else, but for me aligning two time frames together generates a much better signal that one frame alone. The faster frame's signal MUST activate the slower frame, based on very objective rules, and then a trade is taken. Don't know why this is the case but it's been working for many years now. I can't explain the "why", only that it works within the confines of my methods rules. Again, I'm only speaking about my particular concoction. Please don't go opening any two time frames and trying to make something happen.
Interesting, thankyou for sharing. You have found the secret sauce, so to speak? What instruments does it work on? surf
Agreed, many things thought impossible in the past have been proven very possible. Perhaps one day someone will succeed in achieving the kind of consistent results that are told of in daytrading folklore. I would love to see someone do it!
Not "thee" secret sauce, but something that works pretty well and has been for some time. I've only traded the ES and SPY, and only ES when Vix is above 18. Otherwise I stick to SPY. Not sure it would work as well in ind equities, but haven't tried it.
Thank you. I would have thought the opposite regarding the VIX, but that's just based on instinct.... I really don't know. Maybe next time I am in the office, you can stop over and demonstrate this to me. I am very interested in seeing it "in action". surf PS-- wonder if this new place is going to make it?? He seems a little late to the party, but who knows??! https://www.evestment.com/news-even...ail&utm_term=0_2ada4fba4b-a5bafadb2b-52630121
Vix being "too low" means that intraday ranges are tighter and, with only 4 ticks per point in the ES, I found entries and exits were too difficult to manage and not worth the risk involved. The SPY solved that problem as I could end up scratching or making/losing only a couple pennies as opposed to a whole tick (or two) when the mkt was really slow. No idea about the eatery but there are so many great restaurants with excellent service here in NYC, I would think that only the largest douche bags would need a place that catered to them even more Speaking of fine dining, I have reservations next week at Eleven Madison. Looking fwd to it...
I love volatility breakouts + market context (real information). I've been using them since the early 90's on various futures trading instruments. Although they aren't my only source of trade, I trade them heavily but only on volatile trading days or whenever volatility is increasing.
People do it all the time, but we are not going to share it with you. You have to just watch for good conditions to trade your system. Certain systems work good in low volatility and some work good in high volatility.
I agree, however--- the song remains the same-- and we will only see this on elite trader, Ol'yella. too bad. surf