I show two examples of this, one on SPX cash and one on ES
futures - both are daily charts
The ES daily had the better entry since you had a doji that
provided a better entry, however both examples worked, and notice
how you place your initial stop and then protect your profit once
those large candles form.
yes and no, but that's why I added the 5 EMA in addition to the
9 EMA because I want to see distance from the 5 EMA too not just
the 9. Visually you can see it, calibrate your eye by looking
at examples and you get a 'feel' for it, I can't tell you the %, I
just know when I see it
Posted by frtaylor on 27th of Aug 2015 at 05:13 pm
Yeah, that's sort of what I figured. I tried paper trading the
technique on E-mini futures, 15 minute candles, but it did not give
great results. I haven't gone back and reviewed that. I liked your
video on it, though. May have another go at the technique.
a big key is the 5 EMA as a filter - for example you can see
candles that look very far from the 9 EMA, however you will notice
that price might not be that far from the 5 EMA or your trigger is
close to the 5 EMA, don't do those, a good way to filter
out.
also I like to see the
MACD/BB's very wide that tells you that there is big
distance make sense?, and some divergence on a 10 CCI
indicator - if you have all this line up, probability is high
here's some chart examples, look a the MACD/BB, look at the CCI
etc
Daily RVM trade examples on ES and SPX daily
Posted by matt on 27th of Aug 2015 at 04:38 pm
I show two examples of this, one on SPX cash and one on ES futures - both are daily charts
The ES daily had the better entry since you had a doji that provided a better entry, however both examples worked, and notice how you place your initial stop and then protect your profit once those large candles form.
The part that's still fuzzy
Posted by frtaylor on 27th of Aug 2015 at 04:52 pm
The part that's still fuzzy for me is: how far away from the 5/9ema is far enough?
yes and no, but that's
Posted by matt on 27th of Aug 2015 at 05:10 pm
yes and no, but that's why I added the 5 EMA in addition to the 9 EMA because I want to see distance from the 5 EMA too not just the 9. Visually you can see it, calibrate your eye by looking at examples and you get a 'feel' for it, I can't tell you the %, I just know when I see it
Yeah, that's sort of what
Posted by frtaylor on 27th of Aug 2015 at 05:13 pm
Yeah, that's sort of what I figured. I tried paper trading the technique on E-mini futures, 15 minute candles, but it did not give great results. I haven't gone back and reviewed that. I liked your video on it, though. May have another go at the technique.
a big key is the
Posted by matt on 27th of Aug 2015 at 05:28 pm
a big key is the 5 EMA as a filter - for example you can see candles that look very far from the 9 EMA, however you will notice that price might not be that far from the 5 EMA or your trigger is close to the 5 EMA, don't do those, a good way to filter out.
also I like to see the MACD/BB's very wide that tells you that there is big distance make sense?, and some divergence on a 10 CCI indicator - if you have all this line up, probability is high
here's some chart examples, look a the MACD/BB, look at the CCI etc
http://content.screencast.com/users/BPTrades/folders/Jing/media/fcb0f8aa-d7ba-42ad-afe4-5fc414ed44cd/2015-08-27_1530.png
http://bpt-images.s3.amazonaws.com/0456018001438624171.png
http://bpt-images.s3.amazonaws.com/0703766001440173065.png
Thanks! I pm'd you.
Posted by frtaylor on 27th of Aug 2015 at 05:36 pm
Thanks! I pm'd you.
they virtually always are a result of a trend line break and h\s pattern
Posted by roger on 27th of Aug 2015 at 05:17 pm
on the one minute chart -
chart
Nice insight, should have thought
Posted by frtaylor on 27th of Aug 2015 at 05:30 pm
Nice insight, should have thought about that!