I make it a point not to listen to the news until Iâm finished trading for the day. I only monitor when the economic reports are scheduled to be release. This helps me to focus on price and not what I think should happen.
Also see the following threads for more info:
http://elitetrader.com/vb/showthread.php?threadid=60786
http://elitetrader.com/vb/showthread.php?threadid=60688
The following is eSignal's response to this change:
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JayF has just replied to a thread or forum you have subscribed to entitled - Will the Globex Data Changes Impact My Tick Charts? - in the eSignal forum of eSignal...
As a result of recent events (CMEâs New Trade Message Aggregation Model, effective today, http://www.cme.com/trading/get/dev/marketdata2848.html) it seems that tick charts can be easily manipulated by the CME and or others (brokers and charting data providers), which make them less stable than...
Does this mean I will have to adjust/divide my tick charts by five to create comparable charts (for example an existing 500T chart will be equal to a 100T chart after this change? :confused:
Thanks for the suggestions and encouragement (Wint, Diamondtrim, MAESTRO, JR97, & Cluseau). I have been using a linear regression line with standard error channels with some success; however, Iâm still learning how to best utilize this tool. Like JR97 I monitor multiple timeframes for...
This topic was briefly discussed about a month ago. For more info please see the following thread:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=54951
I have been experimenting with linear regression channels for about three weeks. It helps me to better see trends in multiple timeframes and to some degree it helps with locating support and resistance levels.
As a result of this thread, I am starting to look at price for clues to determine future movements, especially at support and resistance levels. Thanks for all the great feedback.