Any size intraday bar can be read in real time. PA is PA. However, 1m and 2m give more opportunities to PRACTICE a technique and they are not noise unless a trader believes in noise and thus they become noise to the believer in noise. PA is price action regardless of TF. 1hour, 30m,15m,5m,3m,2m,1m,30seconds. All PA. All move for a reason.
Good Morning oraclewizard77, Thank you for the response. I agree with you, 15 minutes bar provides more confirmation and patience. 15 minutes makes it a challenging to know if price behavior is indicating trading range or breakout. How do you know if 15 minutes bars are indicating trading range? Thank you
You may be right. When I used the old Schwab SSE platform, it was instantaneous but TOS sim has a lag even after I set everything to 0 delay and live trades also often stayed in a queue for a fraction. Perhaps my internet speed is slow since I scalped using a combination of tick & 1 min charts?
I tried something similar to what you taught and produced a positive outcome after 6 months on TOS's realtime papertrade simulator. The outcome slightly lags buy and hold SPY but positive none the less. I sincerely thank you for sharing.
Correct because from the open 8:30 to your entry right at 20 to 22 bars. Plus within those bars there are 3 legs: a move up, then a move down, followed by a move back up to your green dot. So, I would trade this as a TR not an ensuing BO of all the previous bars to the left. What was your reasoning to go long at that green dot?
Good Morning volpri, What's up buddy. Lets get those darn ticks in ES futures market today. Thank you for responding to my question. To answer your question. I did realize I was entering resistance zone/area, but the two bull bars look so juicy (green bar closing on high). I thought I was good for a lick of a 1 or 2 points. Adding to the losing positions saved my butt from getting spanked.