Even in 2016 ir 2017 when it had a 10 or 12 point RTH ATR for weeks at a time it would swing that whole 10 or 12 points a couple of times per session - 10 up then 10 down test the low then 10 up test the high ... recently it has been as though the entire day is lunch time except for the first 5 minutes and the last 10 minutes. Everyday is a US coil for the Euro overnight rally
Hey @speedo ... here's your 1500 tick chart for about the first hour of trading ... looks like we're waiting another Fed announcement ... I don't mind scalping, but my finger gets tired, don't you know I trade NQ quite a bit still but this being the ES thread I don't say too much. I save it for Friday's here
I'm flat so I have a little more time on my hands than usual. I do not draw these figures on my charts regularly (though I did religiously the first few years of this). But I know the important figures represented here and revise and reevaluate them as the day progresses. Yesterday's last swing low to this morning's high (both RTH no Globex) with 50% HWB ... rectangle is today's RTH range so far, and white dotted line is yesterday's high (and coincidentally or not the midpoint of today's RTH range. The Market loves symmetry ... so if price breaks below the current low and continues, a reasonable target would be to retrace the remaining 50% of the low to high rally I marked. You can see why I was trying to buy 91.50's - never got that fill.
I like NQ better..maybe we start a combo thread for both, or ask B1 if he wouldn't mind unfettered NQ posting ?