And here's the big picture (4h chart) in the Nasdaq index.

Islander and Medici trade the European open

Another interesting week in the markets during which my development time has gone to the Hull Moving Average. The HMA is interesting because it isn't as lagging as other moving averages, and it is less whipsaw prone. Mathematically it's ...

Islander and Medici trade the European open

Oh, thank you! Poetry is unusual on FF And this a good one, from the times when one could be both banker, philosopher, and statesman. And "To-morrow, none can tell" is a very apt refrain in this context, trading being about staying in the ...

Analysis and Trading based on Envelopes, Waves, Cycles

I agree. Too much stuff on the chart, and I find it hard to make decisions. So I've been attempting to declutter my charts this week. One radical version, which I like, is to trade with just the VWAP bands and a Hull Keltner channel. On the 700 tick ...

Islander and Medici trade the European open

Merci Alain, that is very elegant. For the daily I've found a simple setup that works for me - 100 day VWAP/VWMA (around which a 5 day Keltner channel can helpful), WMA17, and Cumulative RSI. Which shows me divergence in the RSI at a rather elevated ...

Islander and Medici trade the European open

For comparison: two versions, differing in the red envelope only.

Islander and Medici trade the European open

A multi-scale review of the week in NQ in three overlapping pictures. I've taken a renewed interest in multi-scale envelope forecasting, about which I posted in the thread run by Islander and me. Cross-posted here, should anyone be interested. These ...

Analysis and Trading based on Envelopes, Waves, Cycles

A multi-scale review of the week in three overlapping pictures. What a week it was, and I am happy with my catch for the week, but I also felt that I was too focused on the scalping perspective when big moves were underway. For the purpose of ...

Islander and Medici trade the European open

The BB would work as an OB/OS indicator, but one would have to find the entry trigger by separate means. Perfectly viable as a strategy to only trade setups supported by this indication. A couple of examples from yesterday afternoon attached. With ...

Islander and Medici trade the European open

Btw, an alternate way to play the tick chart is to use a slightly slower SMA instead of the fast EMA, and to use the corresponding Bollinger bands instead of an oscillator. On my 700 tick chart it would be with period 40, so perhaps 35 on your ...

Islander and Medici trade the European open

I usually take a look at the 30m chart to see what's going on. Opened above VWAP as you say, and with trend up that was likely to continue, but being more that half a percent from EMA20@1h something had to give. As things seem to be run, the change ...

Islander and Medici trade the European open

With such as measly afternoon, I stayed on for the evening session and a 135 point ride up to a new high. It will probably continue, but enough for today.

Islander and Medici trade the European open

I like to have the mornings free, I dislike DAX, and most of the time NQ isn't worth the effort in the morning. I've dabbled with Oil and Gold, but for me specialisation works best, so NQ only. Contrary to most I sometimes trade the evening. 7pm UK ...

Islander and Medici trade the European open

If anyone is curious about tick charts but lack the broker support for that, one may try range candles instead. Here's first an 18 tick range bar chart, then a 700 tick tick chart. Same chart settings otherwise.

Islander and Medici trade the European open

It's a 100 period Stoch RSI, where 100 is also the period of my red channel EMA, which corresponds to your red channel MA. I would imagine that CCI could be interesting too, depending on one's tastes. I know some people use it to their ...

Islander and Medici trade the European open

Dutchy Daxy and I do. Don't know about the others. And, yes, every tick/transaction registered on the charts.

Islander and Medici trade the European open

Break before rally - that's what I thought too, but I didn't have the patience to hang on until the rally which didn't start until 7pm UK time. This was a break below an obvious level for market makers to get some juicy liquidity from stops to buy ...

Islander and Medici trade the European open

Thank you for your contribution and questions. And yes to all the questions, in my view. Entry viable, and I took it, but with awareness of the possible/likely pullback to VWAP. Considering what was setting up, a small whipsaw would be a small price ...

Islander and Medici trade the European open

The seed of this thread was a thread I started on 11 December 2009 with a feeling of gratitude after having had a couple of very good years trading during the collapse of the sub-prime bubble. Islander liked what he read, and we joined forces. And ...

Islander and Medici trade the European open

Islander may have other things to say about this, but to me it's good to have a couple more indicators on the chart for big picture. Such as EMA200 and daily VWAP. With that you would have seen what was going on, and where to place your stop. Makes ...

Islander and Medici trade the European open