stalor455

Try Emini Day Trading they have some Value Area add ons & post the Value Area daily

Thanks for the post, I've often thought about trading the Nikkei, Topix futures. I like trading ES & I've heard of traders trading Asian futures at night, but have no idea where to start. Any comments or advice on brokers or the pros & cons of trading Asian futures from the US is appreciated.....ST

Nifty lil Ebbok here about the internals I chart & watch 105hqezg0he5suvyjma1.pdf

http://38.98.140.164:8000/ I didn't load the link right the first time,, a tek head I am not lol I hope this helps someone as much as it has me. Happy New Year

I listen to a squawk box on the web, it's the TOS broadcast if you have the TOS platform you can see charts & listen, the guy that does the talking does a few ES trades, a few stock daytrades & tells you why he took the trades, he's a very good trader & I have learned a lot from listening. Shadowtrader is what it's called, Brad does the talking now, Peter Reznicek started it a long time ago & Peter taught me to b consistent & discplined. Both Peter & Brad renforce good trading habits & spout off good info on a daily basis. The best thing is they're not selling anything & it's free. here's a link where you can listen from 9:15 -11:30 1:30-4:00

5 min ch, same day as above same 21pp ema

This is 6765 vol ch with a 21 ema set to "pivot point" not close, n red, an 8 pp ema n blue. An indicator at the bottom green, means a candle closed above the 21, red vice versa. Like all tools you have to watch them a while & learn how they react & look n different situations, sometimes I let price come back to the 8 or let the 8 to cross the 21 for entry or exit depending on where supp & resis is & market internals, notice during lunch doldrums tall sloppy choppy bars, but when volume picks up and a move happens you get a cleaner looking move, it's easier for me to stay in a move longer with this type of chart & ma set up vs a time chart. But I'm not a scalper, I trade 2-3 times a day & go for larger moves. Once the holidays are over & volume gets back to normal, the 7K or the "6765 fib#" vol ch will make a prettier cleaner chart than shown here. Hope this helps someone....ST

I liked his book & use his tools on a couple of my charts. I'd rate it better than most books out there. Send me an email or PM & I will send you John's pivot point & candlesstick trading triggers if you'd like, it's too big of a file to post here. I have a nice collection of Ebooks on trading.

I have used market internals for years, I'd hate to trade without them now. I have a breadth ratio indicator on my SPY & QQQQ 5 min charts, that tells me what the up/dn volume ratio for the nyse & naz is without doing the math. 50 being parity, above 75 or below 25 you'll get a move, it also tells me which direction the highest probablity trade is. When the ratio is 40 -60 you'll have a choppy market. I also chart the nyse..naz breadth many days the breadth candles will trend but price shakes traders out, the days where the breadth candles trend, the market will always hit the lo/hi by 3:30 -4:00. I chart adv/dec for nyse & naz also, when the market makes a double top or bottom intraday & the adv/dec candles do not, that's divergance,,thus a high probablity trade has set up!! price candles vs internals candles when there is divergance, there is a high % setup! Price always follows the market!! A # above or less than 600 on the Add/dec chart is bullish or bearish, a # less than 500 you have a choppy market & breadth ratio between 40 - 60.. Thus SOH or scalp time,, take profits quickly where as if the internals are more extreme, I hang on longer. I have a sector list that sorts itself % gainers at the top & loosers at the bottom, if retail & bio-tek are the highest % gainers, the move will not have legs,usually, watch financials & energy, they make up the majority of the SPX. I chart nyse$tick on a 5 minuite with a 5 pivotpoint ema. Like all other tools you have to watch them for a while & learn how to use them correctly. Not everyone trades the same way, but to me, internals are a huge advantage!! Support/resistance #1 ...overall trend #2... #3 internals those are my tools I use Esignal if anyone would like my breadth ratio formula shoot me an email & I'll be glad to share it.

Great thread guys, Here's kinda what I do,,, I use a 21 pivot point (H+L+C)/3 sma on my 5 min mostly for the entry, I watch a 7,000 vol chart with the same 21 pp sma & an 8ema, for the different perspective a vol chart shows,& the 8ema is respected by ES on a 7k vol ch, I hold the position as long as price doesn't violate the 21 ma on the 7k vol chart..that combined with the 1 minuite volume bars tell me the end of a move is likely. That's just a lil method I came up with after reading John Carter's book & John Persons pivot point & candle triggers, it's simple & works for me, but everyone trades a different way. ST A 3 minuite chart with a 34 pp sma is almost identical to the 21 ma on a 5 minuite, but the 3 min gives different candle patterns!

I just found this thread & read all of it, great info thanks to all. I've been using vol charts for over a year now, & until reading this thread thought I was pretty much alone..What works for me is a 7,000 vol with a 21 & 8 sma, set on "pivot point" (H+L+C)/3 not "close". I'm not a scalper, I go for the larger moves, with the 7,000 vol it's easy for me to tell when the meat of the move is about over,, when I think an up move is starting, I buy a pull back to the 8 sma...The 21 pp sma is a good exit signal after a 6 - 10 point move..I got the pp sma idea from John Persons book. I also use a 5 pp sma on my nyse$tick ch as a market internal to look for conformation and or divergance, along with charting nyse breadth,,naz breadth & nyse & naz adv minus dec stocks. Everyone has to find what works for them, thought I'd post a couple of my tools,, someone might find something I use helpful. Thanks Walter for the time bar post, I'd never heard of it until now, I have thought many times that something like that would enhance a vol chart. I do not use TS...Does anyone have the formula, file or what ever for the vol chart time bars for Esignal? Thnx ST

I use the value area in conjunction with floor trader pivots, combined they work very well for me, does anyone know of any websites where I can find the value area numbers? I like putting the value area on my chart for the next day. Thanks for any help....ST

What basis do you have for this observation? Well fs My basis is 8 years of experience watching & trading the market. All seasoned traders I've met & know will tell you that 10:00 10:30 11:00 11:30 give or take 5 minuites are key reversal times in the AM ,,,,,2:00 2:30 3:00 are the PM reversals or continuations which ever the case may be. It's been my experience that more volume usually comes into the market around those times. Traders call the time between 11:30 & 2:00 the doldrums, for obvious reasons, thus not good odds for catching a runner. Hope this helps.....ST I've started watching a 512 on the ES & 233 on NQ they seem to pair up well that way & do give a lil different perspective than a time chart.

Thanks for posting,, I'm starting to fade gaps n ES & YM, but the link doesn't work ???

I've used 15 minuite candles ES for many years, The market moves in 30 minuite intervals,,so the 15's jus work for me... What tick chart setting is best to use in conjunction with the 15 min? I've been watching a 233 but it doesn't seem to flow with all my 15 min interval charts, but I can tell jus by watching it for a few days that it is useful! I just need to get the proper setting to flow with 15 min intervals. Any help is greatly appreciated...Thank you....ST

No I don't trade with TOS, but I do listen from a link, I've followed Peter "ST" since 03 when he was a moderator in a trading room. Shadow trader rocks! He has helped my trading more than anyone or anything. Shadow Nation! Sorry to see Peter leave, but Brad is doing great job.

Thanks for the help. What is a 233 tick chart & how do you set it? I use Esignal, but not familiar with a 233 tick ch I chart 15 min & use nyse & nasd $vold $add $trin $tick in that order, breadth is king,, add/dec queen. I haven't read a lot about those indicators on the board. My 2 cents is price will always follow the breadth $vold candles, those indicators have worked well for me. Great board guys thnx for the help and input..Steve

I would like to know how to learn to trade by price action, the best trader I've ever seen uses nothing but candle sticks, price & volume. I'm convinced it is the way the sucessful traders do, but not sure where to look for educational info or what I need to focus on or read. I've watched time/sales as suggested above, but...... Any suggestions on what to read, learn or focus on is appreciated..Thnx