0 5 0 5 The above prices are for the YM. How can one tell that the market is going to trade from 10 up to 20? Simple logic. Thinking and acting in the future (+1 Mr. Hershey)
Incidentally, limit orders are placed +/-1 depending on market action, and reversed at least once within each 50 tick cycle (due to liquidity/volatility). Better to explain this now rather than later.
market open was long. reversals on bars: 1, 2, 10, 19, 25, 29, 40, 42 as of bar 43 @ sec 56 (a sym on price)
price bars 44, 45, and 46 gave permssion to do the volume, 3-part, test procedure at the close of each bar. The volume evenrts respectively, forwareded the trend (continuing) as P1, T1 and P2. Bar 46 is not quite over, BUT.......
Looking at the first bars... 1. Market opens you enter long. 2. On the same bar (1) you reverse short? 3. On the open of bar two you reverse long? ...going on the same strange way for the next bars. :eek: :eek: Something is wrong again. Please have a look.