Monday, 13 August 2012

Trading For A Couple Of Hours

As I have written, I now day trade on a discretionary basis only for a couple of hours a day. Flo and my option swing trades carry most of the heavy lifting of my income nowadays.

With quieter markets, I can switch to 1 minute data and do the same thing as usual: identify the trend on my one chart and trade the pullbacks.

With 1 minute data and quieter choppier markets, the trend of the 1 minute chart can change more often. What I can do is identify the trend change and trade only the first pullback and then wait for the next trend change. The pic shows examples. The arrows show the bar of entry and the lines show the exits, taking 100 euros per contract per trade.


  1. Hi EL,

    You don't show the "order flow" indicator any more. Do you still use it?

  2. Anon 17:38, I don't need it as the footprint of orderflow is momentum and the CCIs show it more reliably as a lot of buying is done at the bid and selling at the ask by the big boys.

  3. HI EL, interesting comment as i can recall the days where you put a lot of emphasis on monitoring the orderflow via the bid/ask volume delta on the footprint chart; so, in the end it all comes down to classic momentum as a measure of orderflow?

  4. Anon 16:33, the markets they are a changin'. We have lower volumes, we have different HFT, we have different tacktics by the bigger boys. The aim is to see the order flow and I can see that with the speed of the bars, the candles and the momentum. They can hide by buying the bid but they can'y hide their footprints.