MACD won't go below 0 line on 5 minutes chart..
Out some here at 693.8, 694 has been a resistence.
60 minutes chart can tell you where we are, break the previous resistence and the ADX line has just started to move up.
Well, right after I posted, it made an one point jump. Some traders would think it stops at 693, nope. I think shorting here would just add more fuel.
We're at the high of the day, guess where ADX is at? That's the strength. Imagine when ADX goes over 50... Or some traders think that's the TA...
The way ER2 is traded, we might see 694-695 in the afternoon, IMHO. I've my stop at 692.20, I would think the stop is unlikely to be taken out.
Today is a trending day like last Tuesday (don't try to go short, buy on dips), and yesterday's action was a carbon-copy of last Monday.
Chart for this morning:
I have several MACD lines on the chart. ST: Average one: 3--5--7-9 Average 2: 26 LT: Average one: 35-55-65 average 2: 60-80-90
All depends. I'm trying to reach my daily goal to make a living. No greedy and no fear. If you read my previous posts during the weekend, I've...
I used to trade through IB, now I'm with transctfutures.com.
You 'll see the same wraps as you see on the daily charts. In downtrend, long-term MACDs on top of the short-term MACDs, In uptrend, short-term...
Ensign works great for me. I love its flexibility. Ensigal data feed has been very reliable and gives you 100% tick. IB only feeds the sample of...
Haha. Nope. win or loss is the part of this game. Never mind of losing a trade. I've regressional channel on every chart (or timeframe), I use...
Thanks for sharing the info. I have a regression channel method on 554 ticks chart, it generates a similar path like yours. After I applied 21...
I don't know how you guys look at the resistence. On the price chart, I look if it touched the top of the trend channel, if it is reaching a...
I don't know how many ER2 traders are out there on ET. Maybe we should go to a chat room during the day, posting here is too slow.
Not exactly, maybe I should switch to much higher timeframe if I don't scalp too often. Using 75 ticks chart to trade can really hit your nerve...
This was what I've around that time with the 667 tick. It was really about to go up before 3:00 PM. look at the 34 and 20 bar (dark green and...
75 tick chart for the same period (gives more information, better entry and exit): We're trading at a breakout mode (set your trail stop tight):
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