I was talking with Nkhoi yesterday. Explained how I have to only trade during high vol and pick and choose my setups. He reminded me what Jack said about beginning traders to only trade during higher vol times. It was obvious right than I was only at the beginner level. This is OK as I can accept that and find plenty of opportunities to profit. After reading Avi8's post about the lower volume and having to draw narrower channels I went through a 1 min chart and annotated it like I do a 5 min chart. Normally this would be chaos but it seemed to make sense. I started to wonder if it makes sense to drop down in fractals in lower volume times and treat it like the 5 min fractal during higher volume times. I will continue to monitor only until volume is at my comfort level, I need it to be around the 18k area on a 5 min chart. Just wondered what others thought about this.
When it gets slow and lots of bar overlap, try looking at the longer time periods vs. shorter, 10m or 15m.
Does this snip make it more clear? Strange that mine, yours and Spyder's all look different at that time..?
Ah yes, the variation in charting software and the data delays! My Qcharts slows down during 'high' volume periods and the 1000 bar to 1005 bar transition shows the same as Spydertrader's chart. But my backup charting software and feed are like the other charts posted today, showing a DT. Ultimately does it matter? Well for some it was a FTP, others it was a VE and a pt2. For me it was both, depending on what screen I viewed. As far as the daily ES, nice job TIKI, and we had our new pt3 up. Note also the volume on today's 5min ES bars versus yesterday.
Hi Spyder, Why is this a FBO? <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1703741>