Have you all been following the stuck zone I pointed out a couple days ago? If so, I hope you saw the classic breakdown-retrace-run this morning off the open. Here’s a chart I posted to the team area earlier, after which we discussed entries.
The S&P500 e-mini futures have been stuck in a zone for the last couple days. In the team I’ve been outlining the way to spot these dead zones and how your best bet is to assume price will stay stuck. I’m going to keep playing for failed breakouts until the market [...]
Hi everybody. As this video explains, people have asked me so often for renko bars on Tradestation and Multicharts that I finally gave in and made a little indicator for it. You can’t apply indicators to the resulting chart, which is why I almost always turn down these requests for exotic bar types. [...]
People have occasionally warned me about esignal’s Renko charts, saying that it builds them off of minute data. In other words, the Renko chart only knows about the closing price once a minute, and fine details about the price action are completely lost. I agreed that this limitation would hurt a fast [...]
Not a lot going on in ye olde market so far. I was up 3 points in the first hour, and haven’t traded since. Others noted I seemed bored when I was looking up how many definitions various english words had.
How little action has there been? Here is the renko chart for [...]
I really like Renko bars, still. And yet, I’m still too lazy to try to trick Tradestation into refreshing the data in realtime. Go figure.
Lots of new charts and indicators on display today. I ran out of time to actually discuss my trades, but it’s a similar story to the rest of the week. Made money but not too much. 3 wins and 1 loss today.
5 trades for 5 wins, but not as much profit as you might imagine. Oh well, it was another pretty easy day… none of those “oh-my-god-i-will-surely-be-stopped-out” trades that are so nerve-wracking. That Market Sync filter I’m trying out kept me out of the nicer moves today, and frankly after noon I got a [...]
I was at my desk the full day today, unlike most Thursdays. Tomorrow I will be gone for most of the session, though.
Not a bad day, though I got chopped up and gave up a lot of my early profits. Had a strong close for the day, though. I think I will [...]
I mostly forgot to trade today, because I was playing with all my custom charts. oops! I did get two trades off, for two wins, anyway. Most of this video is about the renko chart view of the day, which is pretty nice.