Okay, I must have EminiEdge Trading Indicator brain... I can't see anything but Professionals followed by Amateurs. Mrs. EminiEdge commented on the grass, I said "What grass, oh you mean the window color?" Well, anyway, quick video on the heels of the last one just to show an entry and trade setups using the EminiEdge Indicator set... Sorry so close together but don't get the recorder running that often so I thought I'd share. In the interest of keeping it short, hope it is useful to you!
A little update today on yet more progress on the updated indicators I've been dithering on about lately. Sorry it has taken so much time but they're evolving a bit along the way, I think every day a bit better than the day before. I'm finally doing more trading with them than not, so trading on the upswing, indicator debugging on the downswing. Yay! Anyway, I thought I'd do an update where I am developing and releasing these plus relate it to the trades today. Should give a good overview of my trading technique. I've kind of settled in to five distinct indicator groups, 1) Bigger picture structure, 2) shorter term trend direction, 3) Pro/Am trade size location, 4) Buy/Sell volume and exhaustion and 5) Low Risk Entry locations (LRE). I've been using these in a limited form for years in unprofessional looking lines and dots, just never formalized them in such a refined way before so someone else can look at them. Still playing with names, setting and such. Didn't matter to me before but once released, others might hate the colors or something so just fiddling... I'll group these how it makes sense, probably four separate indicators to load to make it's simple and versatile so traders can choose which ones may fit their trading style the best. I talk about that a bit more in the way too long video, but hope it is useful to you anyway...
Wow what a day in the markets! Got a lot bouncing around in my head after continuing to fine-tune the EE_Trend Indicator. Had a couple of questions on what this is and what it might do for a trader so I thought a good way to explain some of the things it does is to drop an image of today's setups, as they always say "...a picture is worth a thousand words". So I'll try to keep the text short and let the pic do the talking...
So walking through... We started out in a bigger term downtrend with a shorter term (this image) uptrend, running into exhaustion buying (blue dots), telling us uptrend but ending, use reversal entries from level plotter (cyan/red zones). First reversal entry through the zone (EE+EE Diverge on sell volume), followed by two trend following entries (little arrows on chart), profits down to zone, (support zone, red) confirmed with professional buying indication (trade size, cyan dots). Once the exhaustion @ 10 Chicago time pops, looking for reversal again, confirmed with price at zone (red support), amateur selling (trade size yellow dots, FADE those suckers), one last EE divergence (buy volume) to enter LONG now if hungry for more...
There were of course a couple of trend entries late after first exhaust in both directions, (second pivot after exhaustion signal) but these are dangerous since we're getting exhausted... Even so, both of these would have been worth a few points of profit each, not bad if you wanted to squeeze every drop!
Note a few things EminiEdge is highlighting here: There are three things available from the exchange:
2) Trade Size
Are you only using price to trade? Hmmm... What about the other 66.6% of the information available... you ignoring it? Again, Hmmm...
This indicator (and strategies around it) utilize ALL of these to find where the professional and amateurs are trading by trades size, where they are exhausted given the trade volume, then locates entries by price patterns and with specific price trend direction with support and resistance! Since most of this is completely automatic and just shows up on the chart, I'm just watching the chart develop, finding where to stab at an entry. To be honest, this is going better than I expected. Set it and forget it so far, just working out the random "divide by zero" or the errant symbol showing up in an unexpected corner (distracting today, but fixed today :), and since this isn't being adjusted but the algorithms are based on fixed math based on my market theories of the above, there is no curve fitting to worry about.
OK, so I said I would keep it short so that's all. Can't wait to trade tomorrow... Yee Haa!
Want to show a sneak peak of the new "EminiEdge DeTrending Indicator" I've been talking about for a while now. Finally got some of the math solid and have been using the tool myself in a semi-mechanical (still need to bring your brain) manner. It is helping me in identify trade direction and let's me sit on my thumbs with no worries... Liking that. Had some great trades on Thursday and Friday, done in the first hour, just the way I like it. Let me know your thoughts...
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