Apex Choppy Market Warning [Video]


#21

CL OIV.XO CBOE/NYMEX WTI VOLATILITY INDEX CBOE INDEX CBOE

Alternate: OVX.XO CBOE CRUDE OIL VOLATILITY INDEX CBOE INDEX CBOE

GC GVX.XO CBOE/COMEX GOLD VOLATILITY INDEX CBOE INDEX CBOE

GLD uses GVZ.XO CBOE GOLD VOLATILITY INDEX CBOE INDEX CBOE

EUR/USD, USD/CHF, GBP/USD (i like it on any fx pair really) EVZ CBOE EuroCurrency ETF Volatility Index

SI VXSLV CBOE Silver ETF Volatility Index


#22

VXAZN CBOE Equity VIX? on Amazon

VXAPL CBOE Equity VIX? on Apple VXGS CBOE Equity VIX? on Goldman Sachs VXGOG CBOE Equity VIX? on Google VXIBM CBOE Equity VIX? on IBM


#23

ZC civ.xo cboe/cbot corn volatility index cboe index cboe ZS siv.xo cboe/cbot soybean volatility index cboe index cboe zw WIV.XO WHEAT VOLATILITY INDEX CBOE INDEX CBOE


#24

TF RVX.XO CBOE RUSSELL 2000 VOLATILITY INDEX CBOE INDEX CBOE

SPX Either VIX? CBOE Volatility Index? S&P 500

ES VIN VIN.XO CBOE NEAR TERM S&P500 VOLATILITY INDEX CBOE INDEX CBOE

YM VXD CBOE DJIA Volatility Index

NQ VXN CBOE NASDAQ Volatility Index


#25

If there is an alternate and you want to compare just add the choppy market warning indicator 2x and set up both - to see which one works best.

ie VIN or VIX on S&P 500 but ideally pick the correct corresponding instrument

However understand you want the volatility indice that corresponds to what you are trading

Like on the S& P 500

There is the SPX Index (with its options)

The SPY ETF with its options)

The ES futures with its options

So if doing futures use VIN If doing indices use VIX

If there is not an ETF one and you are doing an ETF use the indice one.


#26

Fixed it on my end now. Thanks.


#27

Reminder: Also though it can be helpful outside of market hours. Its accuracy will be when the CBOE Indice is actually open (usually open outcry hours for that product) to see the hours simply open the symbol ie ^OIV on a 10 minute chart. And give it at least 2 bars to “catch up”. So say on oil the strongest most accurate signals wold be 9:20 to 2:30 PM ET.


#28

Trader - i missed the big trade due to choppy market

Any additional filters you add on will risk removing both winning and loosing trades. So you need to evaluate if they elminate more winners than loosers. When those filters are style orientied it will take more time to learn how to use them correctly. This is why we focus so much on system being the dominant decision maker. 11:22:01 {Darrell_Diagnostic_Trading} keep working on it 11:22:03 {Darrell_Diagnostic_Trading} you will learn how to use it 11:22:07 {Darrell_Diagnostic_Trading} like I said its a style indicator 11:22:13 {Darrell_Diagnostic_Trading} choppy is a warning for chop/reversal

11:22:19 {Darrell_Diagnostic_Trading} the market just finished going down 11:22:23 {Darrell_Diagnostic_Trading} had a bmx 11:22:29 {Darrell_Diagnostic_Trading} hit a deviation level 11:22:39 {Darrell_Diagnostic_Trading} small apex at bottom 11:22:43 {Darrell_Diagnostic_Trading} flipped apex 11:22:47 {Darrell_Diagnostic_Trading} choppy market warning was “alerting you of the move” 11:22:55 {Darrell_Diagnostic_Trading} versus simmply inhibiting you 11:22:59 {Darrell_Diagnostic_Trading} as the trend was changing diretion 11:23:17 {Darrell_Diagnostic_Trading} veruss geting choppy in the same direction (ie while in a short and then choppy apears 11:23:21 {Darrell_Diagnostic_Trading} choppy is to help you when the “trend is “done” 11:23:37 {Darrell_Diagnostic_Trading} which it was 11:23:39 {Darrell_Diagnostic_Trading} then it reversed 11:24:04 {Darrell_Diagnostic_Trading} lots of signs for that reversal (apex reversal, deviation, bmx, small apex at deviation, choppy) etc… 11:24:14 {Darrell_Diagnostic_Trading} don’t use style till you know you should be using it 11:24:23 {Darrell_Diagnostic_Trading} stick with system 11:24:26 {Darrell_Diagnostic_Trading} add in style ONLY after testing it over a period of time 11:24:34 {Darrell_Diagnostic_Trading} or style will dominate your trading which is not good


<img src=/uploads/db0876/1075/4f6408b3a28f9802.jpg”>


#29

Wouldn’t be also good to watch the dollar index for GC, as usually dollar strength and gold trade inversely? Gold falls on U.S. data, government comments on Syria By Investing.com http://www.investing.com/news/commodities-news/gold-falls-on-u.s.-data,-government-comments-on-syria-252126


#30

Do you mean in relation to the choppy market warning? As this forum thread is regarding the choppy market warning.

If this is what you meann i would use the EURO Currency CBOE Volatility Indice for the Dollar Index as it is a basket of currencies heavily weighted with the EUR.

If you mean as a cross market style indicator please post under style technical analysis and we can explore it further.


#31

commentary on benefit of choppy market warning: from trade room

15:38:05 {Terry} Hey Darrell, I have been looking at the way you use BMI trading the indicies and thought it would sure be nice if there was something like that of CL 15:38:20 {Darrell_Diagnostic_Trading} missing the forest because of the trees type thing at this point 15:39:02 {Darrell_Diagnostic_Trading} there can’t be 15:39:05 {Terry} Turns out there may be something that would work 15:39:11 {Darrell_Diagnostic_Trading} BMI is all 17,000 stocks on the NYSE 15:39:16 {Darrell_Diagnostic_Trading} net positve minus negative 15:39:20 {Darrell_Diagnostic_Trading} oil is well just oil 15:39:29 {Terry} well SOme traders watch the spread between Brent Oil and CL 15:39:58 {Darrell_Diagnostic_Trading} yes that is a oil spread 15:40:03 {Darrell_Diagnostic_Trading} means nothing 15:40:05 {Darrell_Diagnostic_Trading} they can go in totally opposite directions 15:40:06 {Terry} It seems to indicate a move when the spread is out of line 15:40:14 {Darrell_Diagnostic_Trading} I know I have got killed on it :frowning: 15:40:31 {Darrell_Diagnostic_Trading} ive seen it diverge by 20 points 15:40:38 {Darrell_Diagnostic_Trading} seen it come back together 15:40:41 {Darrell_Diagnostic_Trading} but gave no edge to one side or the other 15:40:49 {Terry} OK just thought I would ask 15:40:55 {Darrell_Diagnostic_Trading} but great thought - ivve been there done that - paid the price 15:41:05 {Darrell_Diagnostic_Trading} so you don’t hvae to 15:41:32 {Terry} back to the drawing board.Laughing out loud ! 15:41:36 {Darrell_Diagnostic_Trading} there are so many thigs that affect oil 15:41:43 {Darrell_Diagnostic_Trading} inflation 15:41:45 {Darrell_Diagnostic_Trading} dollar 15:41:47 {Darrell_Diagnostic_Trading} internatinoal news 15:41:50 {Darrell_Diagnostic_Trading} wars 15:41:52 {Darrell_Diagnostic_Trading} actual demand 15:41:56 {Darrell_Diagnostic_Trading} opec gouging 15:42:05 {Darrell_Diagnostic_Trading} and just plain old speculating 15:42:11 {Darrell_Diagnostic_Trading} the one thing you woulc watch would be OIV on its own 15:42:35 {Terry} OIV? 15:42:42 {Darrell_Diagnostic_Trading} the nymex volatiltiy indices of implied volatility on oil 15:42:54 {Darrell_Diagnostic_Trading} what we use for choppy market warning 15:42:57 {Darrell_Diagnostic_Trading} its like watching the VIX with SPX 15:43:06 {Terry} oH OK 15:43:30 {Darrell_Diagnostic_Trading} I will show you ones ec 15:45:28 {Darrell_Diagnostic_Trading} oiv should rise as oil fllas 15:45:41 {deblanka_-Arnie} Disconnected 9/20/2013. 15:46:22 {Darrell_Diagnostic_Trading} watch my screen 15:46:25 {Darrell_Diagnostic_Trading} ie whn it drops and oil goes choppy 15:46:31 {Darrell_Diagnostic_Trading} then rises again and oil continues on 15:47:15 {Terry} <> 15:47:40 {Darrell_Diagnostic_Trading} so basically oil goes down 15:47:48 {Darrell_Diagnostic_Trading} oiv goes up 15:48:17 {Darrell_Diagnostic_Trading} oiv goes flat/down - oil goes choppy/up 15:50:04 {Darrell_Diagnostic_Trading} you will need global crosshairs on to match it up 15:50:11 {Darrell_Diagnostic_Trading} but do you see what im saying 15:50:19 {Terry} yup I see it 15:50:30 {Darrell_Diagnostic_Trading} does it make sense? :slight_smile: 15:50:33 {Terry} Yes Sir it does 15:50:38 {Darrell_Diagnostic_Trading} try that out start watching it 15:50:41 {Darrell_Diagnostic_Trading} see if it gives you that extra “edge” notice etc… 15:50:50 {Darrell_Diagnostic_Trading} ie when market is choppy and OIV dropping or long 15:50:58 {Darrell_Diagnostic_Trading} but when you see it spike expect down moves 15:51:10 {Darrell_Diagnostic_Trading} basically this si what the choppy market is doing 15:51:15 {Darrell_Diagnostic_Trading} its seeing if the trend of Oil is doing what it should with how OIV is moving - ie OIV going UP when oil is going up probaly about to drop or go into chop 15:51:53 {Terry} So its leading and not lagging? 15:51:46 {Darrell_Diagnostic_Trading} OIV going down when oil going up - oil about to rise or go into chop 15:52:17 {Darrell_Diagnostic_Trading} its hard to see this on just the oiv versus the time chart - so I programmed in a trending indicator one using a static number on oil the other using the actual live implied volatilty indices - when they diverge in color (and ideally in price at the same time) expect chop/change in direction - much easier to see 15:52:45 {Darrell_Diagnostic_Trading} yes its IV 15:52:48 {Darrell_Diagnostic_Trading} optoins move before underlings ALWAYS 15:53:48 {Darrell_Diagnostic_Trading} as big boys are hedging ie hey john (jp morgan etc.) we (goldman and the boys) are about sell 50 contracts of oil - I know your long - thanks - he buys puts - market is moving up up up and then BAM it drops - jp takes profit 15:54:03 {Darrell_Diagnostic_Trading} goldman hedged their position 15:54:02 {Terry} I didnt know options preceed a move in futures…good to know 15:54:06 {Darrell_Diagnostic_Trading} did not have to close it 15:54:13 {Darrell_Diagnostic_Trading} drop is done jp is out of it 15:54:27 {Darrell_Diagnostic_Trading} (Implied volatility of options does as they are buying the options before the move - or selling them off) 15:54:39 {Darrell_Diagnostic_Trading} so oil was rising - while golmand was hedging 15:55:25 {Terry} I didnt know that options preceed a move in the futures. good to know there must be a way of taking advantage of that eh? 15:54:49 {Darrell_Diagnostic_Trading} goldman hedges say 300 contracts of oil they where long on 15:55:01 {Darrell_Diagnostic_Trading} that caused IV to spike in the middle of an up market 15:55:07 {Darrell_Diagnostic_Trading} jp sells it off - bam oil drops 15:55:13 {Darrell_Diagnostic_Trading} they are done 15:55:14 {Darrell_Diagnostic_Trading} now goldman closes the puts for a profit - still has all their long oil contracts 15:55:31 {Darrell_Diagnostic_Trading} market sstarts moving back or goes sidewards 15:55:51 {Darrell_Diagnostic_Trading} if the iv starts lining back up correctly then you see chop come together 15:56:02 {Darrell_Diagnostic_Trading} if not then you stay out 15:56:09 {idleme125-Rob} (Ver:8.00.005) Connected 9/20/2013 [Encryption Active!]. 15:56:09 {Darrell_Diagnostic_Trading} till it does 15:56:11 {Darrell_Diagnostic_Trading} the advantage is staying out of the way 15:56:18 {Darrell_Diagnostic_Trading} and not getting “taken advantage of” 15:56:24 {Darrell_Diagnostic_Trading} as you don’t know whatthe conversation is - just one happened you wheren’t part of it - and you don’t know what is about to happen so tigther stops to Be - don’t take new trades etc… 15:56:48 {Darrell_Diagnostic_Trading} so the indicator itself is the advantage by giving you the foresight to see something is amiss 15:57:05 {Darrell_Diagnostic_Trading} hope thatwas not TMI 15:57:07 {Terry} MAn I have got a lot to learn 15:57:11 {Darrell_Diagnostic_Trading} just stuff I learned from floor traers etc… 15:57:16 {jayhickman-_Jay} (Ver:8.00.005) Connected 9/20/2013 [Encryption Active!]. 15:57:30 {Darrell_Diagnostic_Trading} but when I learn how the market really works - then I seek to see how I can see tha happening 15:57:41 {Darrell_Diagnostic_Trading} hence the choppy market warning 15:57:52 {Terry} Thanks 15:58:02 {Darrell_Diagnostic_Trading} makes you go wow 15:58:07 {Darrell_Diagnostic_Trading} at least I see whats happening now 15:58:12 {Darrell_Diagnostic_Trading} now you see why I am such a big proponent of it 15:58:28 {Darrell_Diagnostic_Trading} so why does jp do this for goldman 15:58:33 {Terry} <> 15:58:34 {Terry} <> 15:58:36 {Darrell_Diagnostic_Trading} so that way goldman will do the ame for jp next time and keep him from taking a big drawdown etc… 15:58:53 {Terry} gooly you make it sound like it is rigged or something


#32

15:58:54 {Darrell_Diagnostic_Trading} like it or not its the way things work 15:58:54 {adrian276_-Adrian} Disconnected 9/20/2013. 15:59:23 {Darrell_Diagnostic_Trading} not so much “rigged” Laughing out loud ! 15:59:37 {Darrell_Diagnostic_Trading} just hey I am going to sell a bunch of stuff - I onw your long you may want to hedge - by the way next time yoiu do that please return the favor - scratch my back I scratch yours - 15:59:48 {Darrell_Diagnostic_Trading} you are standing beside this guy all day in the pit 15:59:54 {Terry} With their money I would call that rigged 15:59:58 {Darrell_Diagnostic_Trading} you hit each other 16:00:03 {Darrell_Diagnostic_Trading} spit on each other 16:00:06 {Darrell_Diagnostic_Trading} sweat on each other 16:00:09 {Darrell_Diagnostic_Trading} and help each other 16:00:12 {Darrell_Diagnostic_Trading} as of the end of the day you just want to survie make some cash 16:00:18 {pavitos-Brian_P} <> 16:00:19 {Darrell_Diagnostic_Trading} watch floored you will see what I mean 16:00:35 {Darrell_Diagnostic_Trading} Ive moved the market myself 16:00:38 {Darrell_Diagnostic_Trading} ie buying 20 gold contracts 16:00:44 {Darrell_Diagnostic_Trading} massive future positions 16:00:48 {Darrell_Diagnostic_Trading} etc… 16:00:52 {Darrell_Diagnostic_Trading} in margin of course 16:00:56 {Darrell_Diagnostic_Trading} anyone can move the market with the capital 16:01:06 {Darrell_Diagnostic_Trading} smart to know if your standing aroudn 20 guys moving it that you give each other a little heads up now and then to get it back 16:01:19 {Darrell_Diagnostic_Trading} choppy market warning lets you see it 16:01:32 {Darrell_Diagnostic_Trading} the “rigging” if you will :slight_smile: 16:01:38 {Darrell_Diagnostic_Trading} also it could be just 2 traders same instutition one long one short 16:01:51 {Darrell_Diagnostic_Trading} etc… 16:01:57 {Darrell_Diagnostic_Trading} either way wahtever the reason is - options are doing oppositie in their value based on what they should be doing based on the trend so something is up 16:02:11 {EstebanFX_–} <> 16:02:15 {Darrell_Diagnostic_Trading} the explanation above is just one of the reasons 9main reasons - but still just 1 of them that this happens 16:02:31 {Darrell_Diagnostic_Trading} also this is why we follow the trend 16:02:37 {Darrell_Diagnostic_Trading} follow the chart 16:02:42 {Darrell_Diagnostic_Trading} can’t know everything but you can see it all on the chart 16:03:36 {Darrell_Diagnostic_Trading} risk management good system you will be ok 16:03:43 {Darrell_Diagnostic_Trading} but you can see how stle gives you a nice edge 16:03:50 {Darrell_Diagnostic_Trading} (does not help at all without good system and risk maangemetn) 16:03:58 {Darrell_Diagnostic_Trading} but does help if you have it 16:04:07 {Terry} Makes sense


#33

Alright I think I’ve finally set this Choppy thingy up. questions.

  1. on FOREX the “EVZ” works on all pairs???
  2. since FOREX isn’t centralized, how can this work?
  3. should we follow the same warnings on all forex, but during which times work best, (i.e. 9:20am - 2:30pm on OIL) wat about FOREX pairs??
  4. DO you have any of these symbols for the CURRENCY futures?

#34

EVZ is technically for eur/usd - but all fx is interconnected its a big web… so i use it on other fx pairs are there are currently not any other iv indices available on the cboe for IV volatility indice currency pairs - (obviously advise testing on other currency pairs if using EVZ as a filter on them)

not sure what you mean on times - i use this mostly during the day - but it does work ok at night as well


Do volatility indicies work for FOREX pairs?
#35

Is there a Volatility Index that you can use for Germany 50 (FDAX) and Japan 225?? for Choppy Market warning!!


#36

No there is not. You could reference us indices like how yiu reference eve for fx


#37

I’m trying to watch the “Apex Choppy Market Warning [Video]”, but get the message that “This video is private”. I am an Elite Member and also subscribed to the P3 Alerts. How do I get to view this video? Thanks!! Jean


#38

Try it now Not sure why it was market private we have been marking private some old videos but that one should still be good.


#39

Been trying to get this to work using Kinetick EOD data but not having any success, what i’ve been trying goes as follows:

Connect to CQG then Kinetick EOD, and follow the pictures as posted above. I am pulling up the TF using minute bars and enter ^RVX?

Thanks for any thoughts on this!

Blake


#40

This is a intraday indicator you need the intraday minute data subscription to the CBOE volatility indices so EOD wont work.