OAC

Here is the Chinese Menu of trading setups for you: http://www.trading-naked.com/Setups.htm

I just want to comment that Elliot Wave is rarely mentioned on this forum. (Our most popular topics are Market profile and VSA.) My opinion is that it definitely is not hokus pokus. The institutions have been using it for years, especially in the currency market.

If you are familiar with some of my older posts, you would know I am a constant basher of vendors, that is because (1) I suspect some of the unscrupulous vendors are trying to get free publicity on this forum, (2) I find their advertising misleading and (3) some of them are just simply leading the uninformed sheeps to the slaughterhouse. On the other hand, I am somewhat familiar with the MTPredictor program. I think his approach is sound and his stress on money management is good. $2500 is not cheap, but may be right for the right person. His software simplifies the steps and allow a novice to trade a sophisticated strategy. I don't need it because I have Dynamic Trader, Fibonacci Trader, and Ensign.

Sorry I have them as separate indicators and they work fine because both are on audio alerts. Plus I don't use TradeStation.

Alternatively, you can attempt to buy on a pullback after a key resistance has been broken and short on a pullback after a key support has been broken. The difference is the RR(Risk/Reward) may be better doing this way because the target is the next key support or resistance. which could be sizable. Whereas your method of buying on support based on selling drying up may only lead to a temporary bounce that amounts to a couple ticks or pips. Call it my couple cents ?

There are thousands of indicators out there. For each indicator, some will find it useful to add to their trading toolbox and others will not. So if one person tell you that he or she has been using the TTM Squeeze indicator successfully and what will that tell you ? Absolutely Nothing. However, the TTM Squeeze indicator is behind a valid concept of the volatility cycle going from high to low and low to high. As we know, the market is full of false moves. My biggest criticism of the TTM Squeeze Indicator is that it has no way of filtering the false moves. In my own trading , I prefer to use an indicators that measure the range of current bar is greater any of the previous 9 bars and the volume of the current bar is greater than the average volume of the last 10 bars. Since volume is used as a filter, there is less chance of a false move.

As far I know, the momentum part of the TTM squeeze indicator is same as a standard one. The squeeze part is a little different in that in addition to the Keltner-BB part, it also has an ATR(average true range) component. Personally I don't think it is that important because the indicator does not trigger a trade by itself.

Gene, may be you should exercise more patience and consider spending more time on the simulator. Six months is not much, believe me. From some of the trading blogs that I have read recently, many experienced traders are having problems in this market.

That is right. Despite the volatility recently, we have been going sideways since January. According to Elliot Waves, this looks like wave four after we had a three wave down since October, and most likely it will resolve itself to the downside for the final fifth wave down, if that happens, the bear market will become official because five waves down is an impulse wave. On the other hand, a fifth wave can fail and the double bottom holds, but that is the less likely scenario.

If you do futures, or options on futures, you will also need a Series 3.

It appears to be me there are two components to the Squeeze Indicator: (1) the BB-Keltner Squeeze part which is indicated by a series of red and blue dot at the zero line. (2) A momentum histogram that oscillates around the zero line. Between 10:30 to 11:40, the price was making higher high and the momemtun histogram was making lower high, that is called divergence. The divergence did resolve itself shortly after 11:40 by the subsequent price decline.

How about using the tick or volume chart for 24 hr markets ? This way the inactive periods don't skew the charts.

I have seen enough Carters and Senters videos to tell you that you need to take the directional indication with a grain of salt. The squeeze indicator basically warns you that there may be a directional move ahead and it does not trigger a trade by itself.

Sorry that was written a couple months ago, now it is more like a couple of minutes instead of a couple of hours. :o

Today JP Morgan bought Bear Stearn for $2.00 a share on a Sunday, tell me if I am wrong, I thought the stock was trading in the 20s last Friday ? And the Fed just cut discount on rate a Sunday evening. Are we in the middle of a financial meltdown ?

We better try to adapt to this market or get out of the game. There is probably more days like this to come.

Simon: Thanks for your great input. I noticed a series of horizontal lines on your Ensign chart . Are these your Square of Nine lines ? I also see that each of these lines are labeled with what it seems like as the number of degrees: 60, 62, 68, 74, 79, 85, 90. Can you explain what they are and how they are derived ? And do you use Ensign's Harmonic Octave feature also ? Thanks

Is the modified floor pivots calculated from High and Low made during NYSE session, 9:30am-4:15pm EST ? I have my numbers that includes the Globex session and S2 is 1361.50. I get my numbers from Mypivots.com I thought those are the best numbers. Well...

The reason I ask is that I am trying to look at today's ES low of 1363.5 and besides Fib clusters, I am trying to find other levels from others sources to support it, be it MP, Pivots ...etc. All I can find is yesterday's C level from Fisher and the Low from 2 days ago. If yesterday's A.C.D levels mean anything, it will make the case that much stronger.

A question for a regular user of ACD Trading method: Do you find previous day's A,C,D levels act as support and resistance for current day's trading ? Thanks

Thanks. Its excellent.

Where would the current rally lead to is on the mind of many investors right now. The chart enclosed shows the formation of a Gartley pattern on the 60 minute chart of ES, We have critical overhead resistance at point D, approximately 1381 on the ES. The market can turn down from this level. If this pattern fails by either the market blowing through the 1381 level(not likely), or forming a bull flag (more likely), then an investor can anticipate the resumption of the bull market. If the Gartley pattern holds, then we are likely to test the Jan low.

Yeah, I completely missed this move up. This was 12:03 EST, I went to get a bite to eat. I was gone no more than 5 minutes. I love to trade pattern failures. :crap:

What you have is excellent set-up as far as speed and execution goes. Now all you need is may be 2+ years of screen time.

As far as I know there has not been any trials since October of last year. Everything on this thread is current.