...thank you for your kind words. I had been waiting to get it off since I entered the trade somewhat tardily at 11:11:53 PT. That is an eternity in five second bars. A whole pile of them fell off the left side of the screen onto my desk.
This system is a slight tweak of Jack's admonition to watch the premium, with the only change being that I switched timeframes from five minutes to five seconds. Jack must not be taken too literally, you know.
Now you may say that Jack's system works on ES because the exchange-provided Prem update is every 2 seconds, whereas my abacus-calculated NQ premium is available only once every 15 seconds. My only defense is twofold. First, I decreased the bar period to five seconds to get the accuracy back, and second, if Jack can base a system on a single rare picture-perfect textbook quality example, why can't I?
This system is a slight tweak of Jack's admonition to watch the premium, with the only change being that I switched timeframes from five minutes to five seconds. Jack must not be taken too literally, you know.
Now you may say that Jack's system works on ES because the exchange-provided Prem update is every 2 seconds, whereas my abacus-calculated NQ premium is available only once every 15 seconds. My only defense is twofold. First, I decreased the bar period to five seconds to get the accuracy back, and second, if Jack can base a system on a single rare picture-perfect textbook quality example, why can't I?