Top pane is "price" and "LR channel" Second Pane is my intra-bar "market delta" Third Pane is my Ergodic (True Strength Index) Bottom of chart is just time of day at certain points on a 317 ES tick chart.
Over at the original thread Simple Profitable Method they are making a lot of headway with how to use these charts. I highly recommend to you (if you don't already have a method to trigger market entry) to go on over there and peruse it, study the comments and examples and apply the knowledge and information being freely given. By combining a strategy (always trading with the dominant trend) with tactics (as exemplified over at the Simple Profitable Method) you will be going a long way towards having a sound trading base for ... days-weeks-months-years. Which will get better (and your account will grow) as you apply your self to it. Best, JJ
shorting at strong uptrend is tough job, you constantly looking for clue that it is not going to work
that true. i usually break the tradeing day down into morning and afternoon sessions. anywhere from 3 to 4 days a week those paradigms will hold true for the day's action. we've had the morning move. the afternoon session usually starts anywhere from 1:30 to 2:15ish or so. after 2:30pm i don't really like to enter a position, i will, but i don't like to, because the move needs time to play itself out. best, jj edit: those are ET time zones
OK, the NQ is showing weakness, lunch hour is just about over and i'm looking to short any mintue now. i'll be using a modified money management system that i picked up over at austin p bash thread. the fact of the matter is that Elite Trader is a gold mine, no, a diamond mine of inforamtion. if you can just sift through the dirt, i promise you'll find'em. (most of my proprietary methodology is based on info i got from here, except one piece i found by luck on goggle ...). best, jj
Took an esy 2 points on a JJ buy signal at 1319.00. This is JJ's original entry method which works really well. I bailed at 2 points as the R2 is 1322.
We may get something here................. http://www.charthub.com/images/2006/09/12/ES_317_VB_13.png Big Erg Div showing.