Not early at all, I've had them on my charts for years for the simple reason that it's obvious that those who move the index futures markets around use them for their entries and exits...so why not join them? Being used like that by market ...

Islander and Medici trade the European open

Oh, of course, I just wanted to make you aware of the consequences. The consequence of the discrepancies, in this example. is that the Camarillas will be calculated with a range that is 11.11-6.97=4.14 points wider than it should be, so the ...

Islander and Medici trade the European open

Yes, the calculation is straightforward; it's all about input values. Your input values seem to be produced by your broker. NQ moves in ticks of 0.25 points. The values for the current NQM2 contract are 14442.75, 13966.50, and 14435.25, which differ ...

Islander and Medici trade the European open

For comparison.

Islander and Medici trade the European open

Thanks Dave, it is an indicator with historical values plotted as well, so one can backtest easily, and it looks very good

Islander and Medici trade the European open

Good stuff! This is even more simpleminded that envelopes Here's a nice NQ example from Thursday of using Camarllas on a ranging day. Here the levels in play are the first and second ones (white and yellow, respectively), and ...

Islander and Medici trade the European open

A picture speaks a thousand words Your second chart is spot on and based the same idea as Camarillas.

Islander and Medici trade the European open

Maybe markets are predictable after all?

Islander and Medici trade the European open

Dave, how would you compare MMLs with Camsrillas? The latter seem more useful for NQ.

Islander and Medici trade the European open

Nices ones For guiding trading in terms of range, trend, extrems, etc, many different MAs may work. Islander likes WMA55 etc, whereas I like EMA50 in the same situations. To the this raises the question of finding the "right" MA. Is there ...

Islander and Medici trade the European open

GM chaps, here's my take on it. NQ is struggling with a major resistance - the 2% level above EMA800 on 30m. If that breaks the road is open to 14400. If not it may just be back to the 13750 area for fresh ammo.

Islander and Medici trade the European open

Very interesting. I shall have to read up on MM. Here's my world from today. Seems to combine the range idea with trend, no? And I am grateful to our friends on the other side of the pond for livening up the day with a couple of spunkfests after a ...

Islander and Medici trade the European open

Which coincides with EMA50 on the daily.

Islander and Medici trade the European open

Is it time to break the downtrend for this year and head for 14400?

Islander and Medici trade the European open

Yes, the first hour after the NY open completed the move with a push up to the outermost level. And now retracement....rinse and repeat

Islander and Medici trade the European open

And "the first pullback is the best" This is a 30s chart.

Islander and Medici trade the European open

Thank you! Interesting stuff. The 1m seems to suggest that it's time for a retracement downwards...And looking at the daily suggests that this move up is not done. My simpleminded envelopes suggest that 14000 is a possibility, perhaps even today. ...

Islander and Medici trade the European open

Oh, absolutely, these grinds usually finish with a spunkiest, as a former participant on the thread used to put it

Islander and Medici trade the European open

It pays to keep an eye on the weekly VWAP bands. The movement started from the second lower band yesterday morning, and the third upper band was just hit. Since then it's been 20 minutes of slow grind downwards. RSI is in divergence, so a drop down ...

Islander and Medici trade the European open

Agree with that, and please don't refrain from posting, as your posts have been both interesting and helpful

Islander and Medici trade the European open