Quote from apex82:
romik.... Dax hit the price to the tick I posted earlier at 70883 and now pulling back.. you could get short here and place your stop at 7100 and go for first profit at 6900. That is a minimum of risking 1 to make 10.
"At the top of the hour, the National Association of Realtors said pending home sales rose 0.7% in February to 109.3 following a revised 4.2% drop in January."Quote from TraderRobb:
What 9:00 (ct) news sparked the jump?
Quote from romik:
There are ways, I can assure you.
The 10 min histogram method that I have mentioned on DAX chart was not actually based on DAX, but on ES. If ES declines & histogram (10 min periods) goes below 0.50 & one of the next bars closes higher than its predecessor, then I will be looking to get long off 1/2 min charts. DAX, sorry I promised not to talk about it so last time, runs a lot quicker than ES, it has more pace considering $/tick value. For instance I went long ES in the afternoon & price went up 3 pts ($150 per contract) at the same time DAX went up ~18 ($598.50 per contract). I trade DAX and ES quite successfully using 1 & 2 min chart's histogram. If you continue spending time eye-balling charts in real-time, you should find a consistent method using histogram. Good luck!