18/02/2010 11:59:20
ibukun
Moderator
Posts: 23
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It was cool to be around the pc this morning....after a very long time. I was watching FTSE, opened....raced down and then in a fast and furious manner, started to move up. I changed my chart to a 1 min chart (I have never traded a 1 min chart before but I dont know what came over me). I got this signal on 1 min, with a very tight stop, I was able to nail 40 points within minutes. Trading is stressful...but the reward is great...lol. Chk out the chart.
PS Note: I have been posting most of my winning trades. I do have loosing trades as well...but very minor since I have not been trading that much. I tends to loose more when I trade more but when I trade less I win more...is that not funny??.....lol I think the key is to be discipline.
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MicroTrends ibukun
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13/02/2010 17:10:48
ibukun
Moderator
Posts: 23
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I was not chanced to trade at all this week, but I still had sometime to look at the chart. This week was an awesome week. If traded properly, its a week to make 500% or more...lol. Take a look at this trade I recorded yesterday....with days like this.... u can make ur own comment.
I have highlighted the extreme stock and the scalper. MAke your own choice.
I watched the 4range bar charts for ES & 150 ticks for 6B....simply amazing. I also added the crossover of 20 and 5 sma. I made the 3rd MA transparent...so only 2 of the MAs are showing. I did this to show the role of MAs if you love to use them. My prefred MAs is obviously 89 EMA (Used as support and res), 20 & 5 SMA. Also love 12 & 96 SMA only on 5 mins chart. Try these and your comments will be appreciated.
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MicroTrends ibukun
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04/02/2010 18:28:35
ibukun
Moderator
Posts: 23
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Today have been a learning experience for me. The main lesson I learned today will be attached in a file. Take a look at the attached and tell me what u can learn from it. Trading dont have to be difficult at all...lol
Take a look at the 2 charts.... 5mins ES and 2584 Volume chart of ES.
Lets share........
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MicroTrends ibukun
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04/02/2010 16:35:44
ibukun
Moderator
Posts: 23
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Well said...from a veteran. Learnt a lot of lesson today using 5 range to trade ES (day trading). Will attach chart later...very interesting and applying the veteran's advice...the sky is not the limit at all.
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MicroTrends ibukun
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04/02/2010 13:00:30
Tom Leeson
Administrator
Posts: 662
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if you are in space looking at the earth even a hurricane is flat
Zoom in the stratospher and the storm might look a little volatile
Zoom to cloud level and yes that is still not really volatile
its only at gournd level you feel it
So back off and fly above the flack with a 10 Minutem 30, 60, daily
put a 200SMA on the 30 - whats the trend are we sellers or buyers
what is the open today related to yesterday - where is the close?
is that clearer ?
mix that with the range 4, renko 4 - but dont watch these - you will get hypnotised
looka the 10 and use the microscope 4 series for precison timing...
slap a cci79 on the range 4 and look for crosses back in adn above -100
put a 60 regression channel on it
go back over 5 weeks and look at the 10 and the 4 with a global cursor can you see the picture?
higher time frames - set with intermediate trends allow you to fly at a level so the volatity is not an issue
ok now lets analyse the signal fired from the extremes? is it in the direction we want? do we have confluence with price action on multiple charts?
if not do not trade
edited by tom on 04/02/2010
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MicroTrends tom
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04/02/2010 11:34:32
ibukun
Moderator
Posts: 23
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Because its NFP week, the market have been crazy. Up, down, up down...very volatile. As a matter of principle, I take only trades that are really necessary as you can be whipped up or down or even sideways. Checked my chart this morning, wanting to see what FTSE (Z) and 6B have got to offer. Scanned through all the charts and the best one that appealed to me was the 5 Range Chart of FTSE (Z). Low risk with good profit. Chk it out.
Scalper came up, Extreme lines were red and price was below 89EMA. Sold at 5207 with SL @ 5217. As at the time I took the trade, I was not sure how far it will go. But chk out the reward. Notice how 89 EMA acted as resistance and the extreme stoch lines also acting as resistance at a time, once broken, 89 EMA took over.
Happy trading
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MicroTrends ibukun
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30/01/2010 16:27:55
ibukun
Moderator
Posts: 23
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As an addition, if you look at 6B signal to sell at 1.6130, you will notice that the 50SMA was acting as resistance at a time (from the extreme stoch) and the 20 SMA later took over as the resistance. For a scalper, you can just be selling at the retouch of 20 SMA and you will be in green. I took the sell from 1.6130 1 contract on my sim account and I took profit @ 1.6000....and the good thing about it...guess what??..... I was not watching the trade at all. I placed my initial SL @ 1.6165 (which was above the recent swing high) and lowered it anytime I came back to my pc. What more can we ask for??...calculate the % retiurn....like I said in my earlier post, I wish I was trading live..... ouch
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MicroTrends ibukun
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30/01/2010 16:19:49
ibukun
Moderator
Posts: 23
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I decided to test out the addition of scalper with extreme stoch on Friday 29th Jan 2010. I was able to watch 6B and ES and the result was amazing. I wish I was trading live with those signals. What I also added was to put on the MA crossover of 5 & 20 SMA. I also wanted to avoid having too many indicators on the chart to avoid cluttering. See the attached for your info. Personally, I love scalper best, but when you now begin to get double, triple confirmation......I think that is just a killer. Pictures speaks louder than...... chk the chart out.
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MicroTrends ibukun
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29/01/2010 03:09:25
Tom Leeson
Administrator
Posts: 662
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A great thing about extremes trading with this is that you can set to the indicator to only trade with the trend - so then it is directionalty biased mean reversion - however you don't have to take the trade exits - with a tail wind you can surf the trade.
Another suggestion is that you can FADE the signals it gives and use with a combination of other conditions you define...
you can ask for details of all of this free in the weekly free product workshop webinar
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MicroTrends tom
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27/01/2010 19:27:12
Tom Leeson
Administrator
Posts: 662
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Used with the River - you can really see if you are a the edge of an exhaustion zone -
cange the river MATYPES to UMA and see what happens...
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MicroTrends tom
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27/01/2010 17:05:56
ibukun
Moderator
Posts: 23
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Trading counter trend can be very risky. With extreme stoch, you can be take a calculated risk. Great tool for scalpers......
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MicroTrends ibukun
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27/01/2010 14:43:33
ibukun
Moderator
Posts: 23
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I decided to spend some time watching extreme Stoch at work live.... It gave a buy on 6B @ 1.6181 with a 20 point SL. Check the chart yourself.
Its really worth testing....
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MicroTrends ibukun
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27/01/2010 13:49:49
ibukun
Moderator
Posts: 23
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The attached chart was not traded live. I applied the extreme stoch to 6B and came back to see this move. The question is, if I was there when it was happening, will I take it? Its very easy to look at chart in the past and say...I would have taken this or not...but the truth of the matter is to test all available tools at your disposal and find the one that you are comfortable with.
Going back to the chart, taken the line that runs thru the chart is a 50 day MA. The way I have been interpreting this is to sell when red and buy when green. But you may also need some filters. However, just using only the indicator gave a huge return. Am using 9mins for 6B since its for scalping and many people are used to 5mins, 10 mins.... Am using 9 mins to catch them unaware....lol.
These extreme indicators is worth your try.
Pls share your thoughts....if you have used it and how you have been using it.
Happy trading.
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MicroTrends ibukun
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