Quote from CFerret:
Yoohoo,
Will try that. Thanks!
My problem w/ 1min is that hard to find orderly bar sequences there, many look messy and I need to learn to see an order through this mess.
Yea that's very true and I wanted to give you some time to see the answers as well as the problems. You've got to see that something has potential in order to strive for refinement and I said I wanted to give you time to be able to see the signals.
You are well on the way but perhaps it's time to add to what you know. First I want to look more at signals and then much later we can look at noise and trends. Yesterday was a totally messy day on the 1 min because most of the bars overlapped each other so finding a K/R was like looking for a needle in a haystack. Every market has days like that and when you see it, it is usually time to trade trends and postions rather than look for a multitude of good reversal set-ups.
Today had lots of quality reversals on the 1 min and the bars are well formed. The rule was if the 1 min is messy go bigger in TF, but I'm over simplifying it - trends need a different approach.
I find it easy to read well over a dozen charts at a glance because I know how to ignore most of what I see. This is where indicator trading is a big help and your CCI should help you as it usually preceeds PA reversals. Read the CCI Reversal Zone and chill or let trades run in between. When in the zone focus because some TF is going to show it's hand... then pounce and chill.
However the next step for you is to add 2&3 min charts to your 1&5 min charts. If you miss a signal on the 1 min or it's unclear, often the 2 or 3min will give you the trade.
Early today the tick charts were a simple ATM big style, but you need these charts first. Experiment with adding CCI underneath. Indicators allow me to relax, let trades run or play chop and identify positions for messy trends to develop.
You've seen the gold and the dross - now you need tools to refine and speed up your responses. You have fast responses but it's not so good on multiple TF's because you are looking at too much detail. You need to eliminate most of what you see to see the real reversals.
