Thursday, June 18, 2009

High Probability Trading Friday 6/26





Today there were 8 trades to be taken of them 1 was break even and a small profit and the other price gaped so we don't take the trade.

All indicators are self tuning to the cycles of the market. This allows for faster and more accurate indicator performance.

Some of the rules for taking a long position (reverse the rules for a short):
1) Enter the trade below the Scalper channel mid line (cyan line) to reduce draw down.
2) If close of bar equals midline of Scalper channel, then you must fade the entry by 2 ticks.
3) Volume Tracker must be positive i.e. above the zero line.
4) Trend Analyzer must be greater than the previous value.
5) One or both of these indicators $TICK or the ROBOT TRACKER should be bullish.

Trading Notes:
Best trade setups occur when price consolidates for ~3 bars below the Scalper channel midline.
Do not trade if price gaps.
Do not trade if the range bar is large ~>1.50 points on the ES.


The Volume Tracker indicator uses a very unique approach to view the participants. It plots liquidity entering and leaving the market that can't other wise be seen. We are looking inside the indicator to find patterns.

The trend indicator monitors the cycling of price. I use hysteresis to clean up the signal.

The Robot Tracker is monitoring program trading, which is about 9% of the ES volume.

The Tick Tracker is monitoring the short term sentiment of the market.