Why do people use Volume, Range and Tic charts?

Hi Prof,

If price can put in a lower low here and oscillator turns up is this a valid long signal on the 2401 NQ chart ?

http://i1.tinypic.com/6yun3ur.png


Cheers

Edit: Guess not LOL

 

Choppy is relative based on the chart you are trading. I've found one conservative eMini S&P Trade (3 points) and one conservative eSoybean trade ($.05) and have hit my goal for the day.

 

You need to find a better market. I hate the eMini NASDAQ for Intraday. The eMini NASDAQ & eMini Russell are great for Swing Trading but Intraday they suck. The eMni DOW (343) and eMini SP (2401) are great for Intraday.

 

Fair enough LOL

 

He will find better results if he is just using the 343 setting on the NQ chart (NQ Scalp) for a min of 2pts - max 6pts per trade.

Also, even if using that timeframe (which is the NQ Swing, btw) I'd say it's setting up for a buy.

Good trading,

JJ

 

Similar results trading ES, but the day is still young, it's raining in NY, and I don't want to go to the gym, LOL.

Good trading,

JJ

 

The 343 NQ and 2401 ES look way to fast and sporatic for me.

 

Good point.

If you are married to the eMini NASDAQ, create a 343. The 2401 is too erratic for Intraday.

 

I look at both the 343 and 2401 NQ but the 343 seems more erratic to me ??

 

If that the case, switch to the S&P or DOW. The indicator will really help clear up the confusion. Look at JJ's charts. That's pretty.