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usually count around 12 to eighteen bars from the open of the day or the open of the NY market but not always and that usually will give me the close to the high of the day or the low and that is that
Can you help answer these questions from other members on NexusFi?
What t/f are you using because I'm sure it will.be different for all and why not just mark out the actual highs and lows? I could see if your using that for the 10 o'clock turn that we get alot but for guessing the top and bottom idk id have to see what t/f you use.
just watch price action from the open and it helps to wait to figure out direction. mostly scalp the 5 minute time frame on the es but do look at the 1hour and the daily. my idicators are just the rsi and the 9,20,200 exp moving averages. very patient but the es is not my only instrument that is traded
Yeah we have a similar plan I just don't count bars, I wait for p/a signals and go from there, i mainly use the 4500 tick and sometime the 900 depending on the type of movement/volume we are experiencing. I mainly trade crude but keep an eye on the 6e crude and gold, how do you use rsi? I've experimented with adding it to mtnplan and it does work but I'm already using 3 indicators and any more seems like a little much.
use the rsi on extreme Over bought or over sell that is all 80-90 or 30-20 of course it isn't 100% but wha is. Have been using the Fork indicator lately with very good results.
I personally cannot explain it as well as Emilio Sabatino. Home. he is the expert. just recently started using it. kind of like trend lines on steroids. easy to apply and to take off helps somewhat with direction using the pivots of swings in any time frame. Emilio likes using Options which personally have never used. You will like Emillio PC he is not
looks like he use's andrews pitch fork for 99% of his trading, same kind of P/A swing trading just different indicators.
looking to see if the ES moves up and if it does will be looking for pull back entries if not will be looking for additional range plays today, just under 200k vol at 9:11am hopefully we can see some moves today,
curious how this whole Syria ordeal will affect the markets,
daily chart is right at the middle BB any sort of engulfing candle could set the tone bear/bull for the next few days.
