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Currently the markets are considering the power of relatively unbridled Capitalism in spite of the resistance
from leftist swamp creatures of the world...IE:
(PDT's vision of releasing the American Capitalist Hounds)...
Good patterns-signals on two markets simultaneously
Before, during and after the major market sessions ... opportunity happens
6:00 AM
5:00 PM
8:30 PM
Stochastic HOOK
SCALPING 10 ticks at a time ...
Good trades do not require perfect signals across time frames
1 minute per bar..................90 ticks per bar...................................45 ticks per bar
Paper trades or TEST TRADES can help you get a feel for market action
before committing with cash...
Here are three examples before the majors opened...I was testing signals
and price reaction to them...
2 failed but the 3rd worked
Time based chart signals ... multiple time frames help confirm long entries.
Even when the daily is showing a new down trend, REVERSALs RULE!!
There will always be good long trades presented. Zero-ing down the time frame you use
multiplies the number of confirming reversal signals...
Daily bars............3 minute bars............1 minute bars
Feb's FUTs price action .. the S&P 500 and DJIA e-minis moved off near perfect 2B Dragon double bottoms
and have led the Nasdaq 100 and Russell 2000 e-minis thru the month.
2B Dragon pattern - setting up perfectly
The RH chart covers the entire Friday session - note the BZ Hi-Low range retrace...also note where S/R and VbP are...
Price very often dips AFTER the trend changes ... and then it often rips...
Another paper trade...attempt to "buy-the-dip" ...
Price very often dips AFTER the trend changes, just BEFORE it runs...just because...
TREND is shown by the MACD EMA lines -
The MACD Histogram and the Stochastic are oscillators, showing WHEN the trend may change.
Use paper trades to test the market
Simple stochastic signal - akin to catching knives
Seems I sold way too early...over $200 was left on the table...
Simple chart reading...2XD DIV TLB
To the left of the blue line, the histogram and Stochastic divergences are obvious before the trend line break-out...
To the right of the blue line, the EMAs show the trending attributes of MACD...
6 Monitor layout, 10 charts
M 1 ... 15 minute based, complete session chart
M 2 ... Minute based charts, 3 min (2-3 hours) and 1 min (1 hour)
M 3 ... Daily charts of the four horsemen futures, YM,RUT,NQ and ES
M 4 ... T-Mode mid term tick chart
M 5 ... Main T-Mode short term tick charts
M 6 ... Trade Depth of market and Time&Sales, Quote board for the four horsemen over Order and Account windows
MACD - MAC Trend - MT
Maybe a little too busy...ya-think?
3XD reversal ... a cup in a down trend?
I thought these were continuation patterns in established up trends, not reversals
2XD+3XD (Divergences), 2B (Double-bottom support) and the BatWing?
Yeah, the Bat Wing...see them form very often but I don't use them for trading.
Just a fun way to describe Price Action after the fact.
Coulda - Shoulda - Woulda's
I miss a lot of trades by a few ticks or less...
BUT I don't let it get to me because ...
Apexfutures - ApexTrader software... on chart order placement
Caught a very fast runner...
Saw the MAC Ema trend and anticipated an MOF forming
...stochastic was setting up a potential SLING as well.
Thought that the 17936 would be support where a 2B Dragon
would form if it did retrace further down from my entry.
Simple scalps...Always keep the basics in mind
Trend lines
Simple...works
Divergence leads reversals
Divergence, patterns and trend lines show you price action reversals before they happen.
Snap-Shot picture programs:
All Windows operating systems provide a Print Screen copy/past capability.
Pressing the keyboard Print Screen button copies your desktop and any open windows to the "clipboard".
You then open Microsoft Paint and paste. Crop, edit, re-size and add notes then save the picture to a file.
Windows 7 O/S also has a Snipping tool included...you may have to type Snipping Tool into the search window
to activate the program and save it to your desktop.
Gadwin Systems
offers two free PrintScreen programs that can be downloaded to your machine - I use both the 64-bit and the 32-bit programs.
6 MONITOR LAYOUT... The top set of charts are dedicated to the ES.
M1
Daily and full session
M2
"Long term" tick chart and medium term T-Mode tick chart
M3
Short term tick chart with T-Mode and DOM, T&S, Filled orders and Active orders
The bottom set of monitors are set up the same way as the upper set but are used for changing the market symbols (YM,NQ or RUT).
Not shown in the layout below are two additional monitors I have. which are used for Windows Photo Viewer (upper right) and
the taskbar, Printscreen folder and other windows (lower right)
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