Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Book Discussion: Reading Price Charts Bar by Bar by Al Brooks
I know that the Futures I trade show keeps them active for about 8 weeks or so after
the event.
You can ask Ginger at [email protected], I have heard nice things about her.
Garry - did he say anything in the webinars about the 5min timeframe on other markets than ES? I've been experimenting with 5min vs. other timeframes for Euro & CL. So far I settled on 5min on Euro and I've almost settled on 5min for CL too.
I don't recall him saying anything specific to other markets, but he did have 5 min. charts marked up for AAPL, RIMM, POT, OIH, GS and SPY. I seemed to get the drift that price action is price action on his 5 min. charts.
When you registered for the Dec show it gives you links for previous events.
Registration is Complete. Thank You!
Thank you for registering for Futures I-Trade Show. We will keep you posted via email as the agenda for the December show is updated.
Be the first to know about upcoming I-Trade shows, web seminars and breaking industry news. Click here to sign up to receive industry updates and e-newsletters from FuturesMag.com.
- a PDF of this article which is supposed to have a couple charts missing in the web version.
- two PDFs made from a member of trader's laboratory
- some of his articles for the futures magazine
I made it to page 15 or so of the thread, there could be a lot more I will read it later. Al was participating in the thread so I highly recommend reading the thread. It's great when people post questions and Al explains it. The first time was quite unexpected.
A retired pit trader said that 5min is noise. He didn't recommend anything less than 5min. That's when I first went "back" to 5min charts after having tried tick charts for a while. It makes sense to me. A big trader goes to the bathroom and I put in my order. He comes back and my stop is hit. Bathroom breaks shouldn't impact the trading.
For CL the 5min bars are often 30 ticks long (or more). To get around this "problem" I was dropping down to lower timeframes. But that just gave me even more noise. Price moves through stops like a warm knife through butter. Not good.
So now I'm of the opinion that if the 5min is not good for trading then I should look at other markets.
