My humor in unintentional. So it must be topical. Since I neither chart nor trade ES (NQ is my vice), can you tell me please what today's ES range is so far? Points or ticks, machts nichts (don't try saying that).
Not at the moment. I didn't finish my glossary, yet. Jack defined most of it in this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=247024&perpage=40&pagenumber=1
Very good! You noticed that I asked you a quantitative question, not a qualitative one. Always ask your self quantitative questions. Certain methods other than mine do not. Now, do you consider that 5.5 point range to be a wide range or a narrow range for ES? Kindly excuse the qualitative-seeming question, as I am sure that you have your own quantitative definition of wide or narrow range for ES.
To be honest I din't pay attention, yet to see if this is a narrow or wide range day. But from what I see I would put it in the narrow range category.
Very good. I also would call that a narrow range. May I suggest that you periodically ask yourself "Is today's range expanding?"? Given all the generous spare time that watching a five minute chart grants you, that should be no cognitive burden. Now, do you have a daily chart of ES somewhere on your screen, that is, a chart of recent days' OHLCs or candlesticks? Also, please, slip me a little neutral autobiographical information, since "All trading is autobiography." Starting with what your real-world skill is, that is, your gainful employment.
That is excellent! Why do I begin to think that you are sandbagging me? Now, looking at that chart over the past week or two, depending on the time period you would use to measure a daily trend, would you say the ES daily trend was up or down? I know these are not hard questions, but simple questions asked in the proper order often reveal complexity.