5 minute Bars are the Best

You have to be open minded and accept that others are capable of doing well with other charts, slower or faster.

My setup is:

15min

60min

Daily

Weekly

Joe, and yes I'm a swing trader
 
Quote from tycoonman:

that's old-school. With technology and speed, most retail scalpers (successful) use 1min, 20sec charts.
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What kind of platform makes these 20 seconds charts?
 
Quote from ElectricSavant:

range bars are best...They get the earliest consistent entry most of the time...
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How many ticks do you like? Different for each contract?

I apologize if these are coming off as noobish questions...:eek:
 
Here...

Take a 480 period ATR on a 15m chart...then take 128 ema of the ATR. This result will give you the ideal rangebar setting.

this is no way a noobish question...

RangeBars will open up a whole new world of trading for you.

good Trading to you..(remember you found this out on EliteTrader when you become a master trader)

ES


Quote from tenthousandmen:

How many ticks do you like? Different for each contract?

I apologize if these are coming off as noobish questions...:eek:
More...
 
Quote from ElectricSavant:

Here...

Take a 480 period ATR on a 15m chart...then take 128 ema of the ATR. This result will give you the ideal rangebar setting.

this is no way a noobish question...

RangeBars will open up a whole new world of trading for you.

good Trading to you..(remember you found this out on EliteTrader when you become a master trader)

ES
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Very interesting... I was doing the opposite and getting garbage (ATR and other volatility/money flow indicators in the 5 minute, price and system algos on the 500 volume or 4 tick).

Thanks for the insight... I'll go do this now.
 
Quote from ElectricSavant:

Here...

Take a 480 period ATR on a 15m chart...then take 128 ema of the ATR. This result will give you the ideal rangebar setting.

this is no way a noobish question...

RangeBars will open up a whole new world of trading for you.

good Trading to you..(remember you found this out on EliteTrader when you become a master trader)

ES
More...

Just curious, Isnt the ATR expressed as a MA by default? Or are you creating a custom indicator to smooth out the somewhat smoothed ATR?
 
Quote from mdl060374:

Just curious, Isnt the ATR expressed as a MA by default? Or are you creating a custom indicator to smooth out the somewhat smoothed ATR?
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I've never seen an ATR as a MA... it's a volatility indicator, helpful for filtering and staying away from MM's on high volume contracts.
 
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