SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Chip McVickar who wrote (11872)2/12/2008 12:36:01 PM
From: Patrick Slevin  Read Replies (1) of 12410
 
130 charts are good because you can break the Cash into 3 brackets. I also like the 45 charts because the 3 brackets then have 3 sub-brackets.

Using Tradestation now, I've intended to go back & look for patterns based off Cash breaking the brackets into three daily sections. I'm going to do it two ways, the first as a normal break of three 45 minute bars establishing an overall bracket pattern. The second using Tick bars to establish the pattern.

That is to say, the "longest" bracket shall be the first bracket of each day, the shortest the middle then a long one as the day closes.

But to answer your question I do a lot of Momo trading. I took a seminar in Forex & I was so taken with the way the guy used Momo to trade Forex I adapted it to SP & it's been absolutely fabulous. It's been so cool that I've still yet to trade Forex & I took the seminar last October. So I took all of the Forex stuff & turned it over to one of my sons & he trades it.

But yes, I still use the old patterns, still take just two daytrades during the day session based on what I perceive to be the pattern but I use Momo for Entry & Exit now. Sort of a hybrid approach.

But to do it properly I have to use only the Day Session to visualize the pattern & thus when trading overnight I have to use the "expected" pattern of the next day based on the prior daily & current weekly pattern.

If it all sounds confusing you will do well to remember I was always a stream-of-consciousness sort of guy. Or unconsciousness depending on your point of view.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News