phoenix01

I usually enter one tick above or below a cande, what would you suggest as the best method of entry? I trade profitably most around the open and tend to hold positions for 15-30 minutes is the illqudity of the TF in the long term an issue for me?

What is the size limitation in the TF? Whats the most contracts anyone here has traded with 0 or 1 tick slippage? Thanks.

I cannot see the chart either. Which i click on them it says that the thread has been removed.

Could you give us an examples of a few trades you placed recently, explain your reasoning and trade style? Thanks

Is there anyway to pick what the best days to trade the ES market on facts regarding volume, volatility, news annoucments etc etc. I don't have a back testing software and was wondering if people had noticed any correlations with good trending days.

What should we be looking for on the volume pane?

The only problem is that i quiet often place a trade in the first hour if its a strong open, so i would have no idea how to set the targets till a lot later.

I will definitely look into this, looks like a really good option. My only problem with Bollinger bands and even the keltner channels is that i trade the pit session chart so usually there a gap on my chart. Therefore the bands completely play up for the first hour or so. Maybe i'll keep up a full session chart. But thanks for the suggestion.

Yeah my methodology is quiet similar. I've found no other way other than wait for the market to breakout and clearly show its trending. I think its the only way, most people don't have the patience to wait. If i get 2 false breakouts of a range iam not touching the trigger till the market have has clearly broken out. Then wait for a pullback to the EMA or another level and enter. You seem to be trading different timeframes, what are you main ones and do you not find it difficult watching too many?

Your completely right buts its VERY difficult to think of a way. I was thinking of incorporating some type of volality study to monitor daily, possible ATR? I think i did some backtesting but it was inconsistent. Any suggestions?

Ive been trading ES for a few months now and been have some success. However recently due to volatility coming down the range was become smaller and its hard to get filled 1x my risk and 2x my risk (I usually no more than 2 points a trades, targets +2 and +4). Which wasn't difficult the last couple of months of 2011. So recently i was looking at other markets and the NQ seem to have better results. When risking the same candle ( going long - one tick below the candle, vice versa for short), it seems to reach 1x and 2x risk more of the time. So i was thinking i could execute trades through the NQ but continue my analysis on ES. However the catch is sometimes a trigger on the ES is not the exact same point on the NQ. Sometimes on it will go one tick lower or completely do the opposite and actually move down whilst the ES slowly pushes up. Which will result in losses which would have not have occurred via the ES. Iam sure other trades have looked over this and was wondering what they concluded was the best thing to do? Does execution through different but correlated markets work or should i stick to what I've got and just reduce targets during low volatility (Which is a lot harder than it sounds). At the end of the day the better risk to reward ratio the easier it is to be profitable.

Having you been trading live or sim? Your completely right, so far the two examples you've shown the market has been trending (best conditions for trading the ema). How do you stay out of the chop? What criteria do you set yourself? Because this is where trading the ema can lead to significant loses.

I can't seem to be able to zoom on the picture to read comments. Glad your starting up the discussion again. How long have you been trading the 21 ema?

Ive spent quiet a bit of time on candlestick and been using them since the start of my trading. But it just seems difficult to get any sort of risk to reward edge with candlesticks on say the 5 minute chart on the ES.

How is this comment beneficial to me or anyone else reading this thread? Yes i am confused and not sure what to do and what to look for.

Yes I've spent week at a time looking at time and sales and a simple chart of the ES. Its just erratic, sometimes you think you've noticed something and then it falls apart the next day. You were right i should stick at it for longer. Is there something that i can look at to aid my analysis? Volume by price? Also I've noticed between platforms that time and sales can be very different, on ninjatrader zenfire the trades generally seem to be split up and smaller and on other platforms it seems to be grouped together and you see far larger order more of the time. Or am i simply missing the point and it doesn't matter.

I understand what your saying and iam trying to read that information through volume and CD. How do you read the volume/interest? However without candlesticks, how do you decided this is point i get, its going to stop around this area.

Iam talking about generally trading the first pullback after a strong momentum wave up for down. Wasn't meant to sound like a specific case. For example the ES may have a strong directional move at the open, how can one trade the pullback to this move. Or the market may range at the open and then we get a strong breakout, how does one trade the pullback?

Lets assume that we are really good at spotting range bound markets and we wait till the market makes a strong move in one direction. (Lets say 2-3 strong candle breaking out into a new high for the day). Then we get a pullback in price to some point but higher than the pervious low. A signal appears, for example a hammer candlestick. What can we as intraday traders look at to confirm that firstly this move is a retrace not the start of a reversal and that the low of the hammer is the end of the retrace? Sorry for those who dislike candlesticks, i would be interested to hear what you use to intensify turning points.

Where did you get your commutative delta indicator for ninjatrader? What version of the gom package is it and would you be willing to share it? Thanks

Could you give more details on how to trade pullbacks using cumulative delta and how it can help you stay out?

Could you go into any more detail on how to use the bid/ask quantities and how to measure and use the contracts needed to turn the market? Are you suggesting looking at CD too?

Some really good advice, keep it coming. Does anyone know of any indicator that are useful when trading pullbacks?

Hi, I was wondering if anyone had any suggestions/tips for trading pullbacks intraday on the ES or any market really. Are there any types of price action/indicators/nuance which can help you avoid false pullbacks or confirm ones which are likely to continue in the direction. So far i have found nothing, most indicators don't seem to have any edge. You end up missing to many good pullbacks to avoid that single failure. Analysing volume in theory makes since because of the nature of pullbacks but in practice i havnt seen anything that works. Ive only come to find a few nuances that are general rules of thumb because I've been watching them for so long. Trading pullbacks is a popular strategy so it would be good to hear some suggestions. Thanks

Does anyone have any strategies which are suitable for trading the ES open and the first 2 hours of the US session? As i do not have the opportunity to trade all day. Also are there any indicators or market internals i can watch to confirm/filter pullbacks?