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)
So, I've done a lot of setting up on my ToS platform I use strictly for charting.
I trade /ES only, I should say before we get too far into this.
On my chart, I use a main chart - 1 or 5 min depending on the days action, with a 5 EMA T3 line and Market Profile overlay with levels and POC, set to Heikin Ashi bars, and RSI lower study with T3 5/10 EMA trend cloud.
My second chart is /ES with a T3 5/34 EMA dual line, regular bars - 1 min.
My third is $ADVN-$DECN with a T3 5 EMA line, and a T3 5/34 EMA Trend Cloud - 1 min.
My forth - NYSE $TICK chart - 1 min...nothing special.
Here's my question - anyone ever trade the /ES strictly off the momentum of the $ADVN-$DECN chart, while just watching levels on the main /ES chart?
I ask, as I noticed with the T3 studies on the $ADVN-$DECN chart, you can get in much quicker, and see when it's turning much quicker, and seems to be a better trade method overall, but I could be new and dumb for asking....
Can you help answer these questions from other members on NexusFi?
Great charts - but I'm more so talking about a trade plan to trade specifically off the turns on the $ADVN-$DECN chart exclusively, only watching the applicable levels on your other charts for possible reversals.
I wondered if anyone had attempted this approach before....
Thanks for pointing that out. I too was using the NYSE data for ES trading but I agree the s&p specific data should be better. Going along with blb014, the breadth is also invaluable when using internals to trade the es imo. The s&p specific breadth symbol is $VOLSPD