I agree with this info. One caveat, as long as my stop has not been taken out I let it work for a couple minutes (1 min timeframe) but if after this time it isn't showing strength in price or volume I get out with fractional profit/loss or flat. If you're only targeting one move quick move there is no reason to hang around if it isn't working out when you expect it too.
Thank you for your atttention and this phishing comment. I admit the Whiz was short and I'm glad Toto is here to pull the curtain back by coaching me in how to help the OP out. Basically I stand on my record of contributions and I understand why you see me on a pedestal; there are a lot of people like you. As you can see a lot of lurkers who read my stuff are coming out of the woodwork. There are 12 parts to the screen shot that is attached. It was snaged from part of a quad display to be used as an illustration. It covers about two screens. The data comes in from about four platforms and some parts are coded. The coding can be found in the thread that coordinates all of those who do coding for the SCT, PVT and Sector Rotation methods that originate from their common template. The MADA routine is applied to the display you see. Blow it up to 200% to see it more easily. The original jpg conversion was over the ET limit for attachments. The M of MADA is best applied using the Sweeps Chart. The SC is a description of how to go, visually, across the display from coarse to medium to fine. These three terms refer to different levels of trader monitoring sensitivity that are required from time to time while taking what the market offers. All of this, including the display (annotated in color with arrows and instructions), is part of the record and repeating it is not difficult. Coarse is shown on the exteme left with three parts. The right charts are 15, 2 and 5 min and they represent the ES, YM and ES, respectively. The MACD's and STOCHS (fast and slow) are shown below (15) or to the right (2 and 3) of the three price/volume charts. Medium is within these charts as well. The sweeps chart nine tables (in different colors) will tell you these medium details. The fine part of a sweep, if and when it is required to carve trading turns as single or partial fill reversals, is used by scanning the remaining parts. Partial fill reversals are used when my trading cars amount exceeds the market's capacity to handle one block. There are seven parts involved: three T&S's, Two OTR tick charts (P, V), a level II with stalagmites and the S/S. All are on the right side of the display. I'm sure there is more teasing here as you see it. I know you expected me to include this in my former post which was not clear, concise and crisp. I am keeping this short and unsweetened Hershey. You may want to do a search and attach the Sweeps Chart for the benefit of the OP to round this out. ET is limited to one attachment of limited size or I would have done a combined text annotated illustration. There are tons of camtasia's around with this display. The audio narrates the video when it is being recorded in real time group sessions. Any fully recorded day of this screen can be used to do 20 to 40 trades in about 40 minutes by compressing the 6 1/2 RTH period for training purposes when the market is not operating. Thus, every day is recorded using this or a similar display by camtasia or equivalent and any day can be brought up by just dialing to the archival point in history. Daily, chat logs are available on SCT and PVT. the logs are archived as well. There are also three plus years of journals available that introduce SCT and PVT in an orderly learning context. Prior to the journals and prior to ET there are about 10,000 pages of posts on the subject. All in all nothing is new and it is the same old story. Pool extraction as a template just takes what the market offers as the market offers. Today this stuff is used, on the record, on better than 25 different exchanges around to world. The best way to learn to make money using it is to teach it to someone else who is willing to teach what he learns to others. All of this you see coming from me and others is a natural filter. Some people can have it and use it and others are not allowed to have it and use it. Fortunately, I and others do not have to spend any time deciding who gets it and who doesn't get it. This isn't CNBC talking head stuff or the Cramer world or media 101. Brokers and platform people don't get into pool extraction and displays oriented to making money; they SELL services that make them income so they can do jobs and paychecks and bonuses. The head of GS only made 68 mill last year. Journalists cannot write about this and I, nowadays, get to sit around and cull all of this down into five 250 page pieces that will just support the people who got through the natural filter. Everyone is glad you elected out. I rewrote my post and now its 1% of the pile I am wrapping up. I'll rewrite it at least twice more before I go into an edit mode. Glad to see you are lurking and posting all over on the topic you picked. You are part of what is claimed to be the advertizing agency that we use.
27 minutes bars are convinient for charting of the index futures, since there are 405 minutes in trading day for the index futures, it yields to 15 full candles per day.
How do you blow up Jacks attachment without it being blurry? Jack, could you repost an attachment with your set up?
What 27 Minutes will do for You <a href=http://www.freeimagehosting.net/><img src=http://www.freeimagehosting.net/uploads/621f1e1d26.png border=0 alt="Free Image Hosting"></a>
Thanks for posting a view of your display Jack. I really like the way you have organized the course level layout. With the 15M on the far right and placing the MACD and stochs for the 2M and 5M on the right side of the chart (giving them an exploded view). What do you find is a typical Y axis price range on your 2M, 5M and 15M chart for course level Monitoring. Do you leave this fixed or adjust based on volatility? I do not like to fiddle with the y axis much and am wondering what your settings and preferences are. What are the 3 T/S you display (YM,ES,??). Or different order size filter(s) for ES? What is in the upper right of your fine level display (news service?)