Take a look at these and see if anything "clicks". Your chart ( I cut it up a little) , and what I use below. More an art than a science. *Have* to use the tape and look at the tape setup and price support/resistance. Definitely not for newbies.
ok the above is what I use. Below is the one you posted. I added notations. Sorry for mangling the post, dont have a clue how to post multiple attachments.
Hi porgie, Simply because we have had a relatively tight choppy consolidation for 3 days ... I think pressure is building for a big break one way or t'other. Or indeed one then the other. The usual volatility expansion / contraction cycle. That's not to say it can't grind in a range for another day or two, but I doubt it. Thanks mhashe that looks interesting. Just on msn at the mo, will check back in a bit.
Just exploring but if the past 3 days are any indication, I may be heading to the darkside. To me ES moves so much cleaner, and the size is there for me to take it to the next level.
I tried trading the ES, but the edge that I have on the YM does'nt seem to exist in the ES. I actually think the YM has the best edge for intraday trading for the US markets. I also trade the Nik225 and the DAX. between the 3 I'd say the Nik225 is my preferred market. High payout and large intraday ranges.
Short here, looking at a down thursday and friday. Currently 1687s, 1271s and 10762. Gave the Bulls 3 days...