Iron, You might take a look at 10,000 CV bars also to see if you like them better. I usually use 2 minute charts but when they look choppy 10,000 CV bars tend to help. Paul
i havent thought about trendlines too much, but i have played with them before. i think i will go back to them and try to combine them with a solid overbought/oversold indicator, like good ole' stochastics. dont be afraid to suggest something thanks guys
I just tried 10000 CV bars... it doesn't give many bars over the entire day, and the average range is like over 50 ticks, which is too big for me. I'm trying 1000 tick bars now.
What charting software and broker are you using? Also, 10,000 CV bars tend to do well in defining a trend. It other words, there are less of them, but you can be more sure that the trend is holding or reversing. Of course, if you want to trade a lot in one session, you don't get as many signals.
I'm guessing he meant 10K CV for the ES not the YM. Equivalent for the ym is probably around 1000 CV.
Your thread has been the ususal dumping ground for everything but the kitchen sink by traders voicing their opinion one what you should and should not do, all the while you stumble around like a drunk in the dark trying to figure-out a successfull trading technique. Someone (I believe it was RedDuke - if not I apologize, I don't have the time to read through this thread again) mentioned the name Daniel Gramza, you would do well to start looking him up, finding his videos and studying his teachings. Try Google.