233 tick chart:
I'm using 75 tick charts to trade. Using 233 ticks chart for direction. Using 233 ticks chart to trade would be too slow.
This is a classical 1-2-3 chart pattern to go long at point 3: RSI is higher high, price at point 3 is higher than point 2 on the price chart.
This is what looks like after you put 4 RSIs (7 bar, 20 bar, 34 bars, 44 bars) look like.
Here you go, see this attached file, select Fisher Transform there:
Thanks for sharing for the chart. What TA indicators do you use for entry or exit? Any triggers do you use? Such as MA crossing etc?
More descriptions on my RSI chart:
TT, I used 777 (7 bar, 7 average, 7 period) for the standard Fisher. I did some backtesting last night, I added a 20 bar, 34 bar, 44 bar Fisher...
Thanks. I'm putting it behind already and started to think the quick scalping strategy. I change the leverage a lot depends on the situtations and...
From 2:30 to 3:00 PM, the 1-2-3 pattern repeated again. Then it started to make the real move for 5-6 points along with the 20 and 34 EMA uptrend...
Around 1:00 PM, ER2 dropped at exact 38.2% retracement measured from the recent high (691.2) and recent low (672.3) and started to creep up. at...
Topped around 11:30 AM around 690.3 (step 1), dips one point at 689 (step 2), breaks the uptrend channel, then starts to creep back up again to...
Around 11:03 ER2 is bottomed, it started to creep up (step1), dip after a point gain, dip at step 2, retest previous bottom, the bottomed holded...
Here are Friday's major moves, each move generates 3-4 points. ER2 topped around 10:33 AM at 691.2, - step1, started to fall to 38.2% (689.7)...
Another observation on trading ER2 (or any indexes or stocks in general), you never miss a train if it wants to leave long and far away. You...
Opposite is true to go long. If regular RSI goes across the Fisher RSI and stays below Fisher RSI, that's a buy and hold, sells when the regular...
When regular RSI crossed Fisher RSI, this can act as the buy/sell entry points, when ER2 is in downtrend, regular RSI stays above Fisher RSI, a...
I started to play inverted Fisher RSI transformation indcator last week, this TA indicator worked very well so far, if the index is extremely...
Talking about risk/reward and scalping, I had a nightmare last Monday on a software failure. I'm not sure how many of you use TradeMaven to...
Definitely making nice swings big daily. Risk/reward wise, one point change in ER2 is equalivent to 20 points change in YM, these days, this...
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