|
|
| Discuss Wave59 at the Derivatives within the Traderji.com - Discussion forum for Stocks Commodities & Forex; This is a new indicator (9-5 count) developed by Earik Beann, former floor trader in ... |
|
|||||||
| Notices |
| Derivatives Discuss Futures & Options in securities whose value is derived from an underlying instrument. |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#1
3rd June 2004, 03:01 AM
|
|||
|
|||
This is a new indicator (9-5 count) developed by Earik Beann, former floor trader in the T-Bonds pit at the Chicago Board of Trade and software developer. I am not sure how recently he invented it. I have been tracking it on a few contracts with good intraday volatility, and trying it out on E-mini S&P contracts (traded on Globex). It looks easier to trade than it actually is, as I have found out the hard way. I personally prefer just using the golden 5 blowoff signals instead of all his red and blue 9 signals (blue for buy, red for sell), although they both seem to hold up statistically. I just find it too hectic to try and catch all of those swings while at the same time servicing my customers' brokerage accounts.
Also, it is probably not well suited to pit traded contracts, since you must act quickly and move your stops frequently. With a good electronic trading platform where you get your fills back within a couple of seconds, that is much easier to do. Anyone else here using that indicator? I am wondering about what strategies other people have devised for putting it to good use. 
|
| Sponsored Links |
|
|
|
| Bookmarks |
| Thread Tools | |
|
|
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
