Range Bound Identified Within An Hour

The ATR(6SMA) has been >1.0 all day. (And mostly, 2.0-3.0...)

That means you could put on a mess of 0.50pt trades, and mill them about as quick as you can click your mouse. Use a stop! For sure; for sure. But Jeeeez.

So! "Skip it"??? Nah. "Trade to the market," instead.

(IMO. YMMV. OIMMBCTTA.)
 
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tommcginnis said:
The ATR(6SMA) has been >1.0 all day.

That means you could put on a mess of 0.50pt trades, and mill them about as quick as you can click your mouse. Use a stop! For sure; for sure. But Jeeeez.

So! "Skip it"??? Nah. "Trade to the market," instead.

(IMO. YMMV. OIMMBCTTA.)
More...

I noticed today that the 1 min chart looked like a 5 min chart normally does
 
Lately I’ve been getting my daily nut in the opening 30 mins. Range bound or trend doesn’t matter to me as long as there are opportunities to get in.
 
tommcginnis said:
The ATR(6SMA) has been >1.0 all day. (And mostly, 2.0-3.0...)

That means you could put on a mess of 0.50pt trades, and mill them about as quick as you can click your mouse. Use a stop! For sure; for sure. But Jeeeez.

So! "Skip it"??? Nah. "Trade to the market," instead.

(IMO. YMMV. OIMMBCTTA.)
More...


"The ATR(6SMA) has been >1.0"

you mean 6SMA as an input?what merit it has, if so?
 
fordewind said:
"The ATR(6SMA) has been >1.0"

you mean 6SMA as an input?what merit it has, if so?
More...

If you need rise/fall to make a trade, you want to know the ATR.
If you're looking to trade all day, you want to know the tide.
(So, maybe an ATR(15min/6SMA.)
But if you're looking to trade more frequently, then a 5min or 1min window is what you wish.

If the 1min ATR is at 1.0pts, and you put on a ±0.50 (SL & TP) bracket, you are well-situated to mill trade after trade after trade.

The *worst* thing in the world is to try and trade a dead market, where your trade has to sit for 5-10 minutes to get your *entry* taken, and then you sit looking at your brackets for 20-30 minutes while the market plugggggggggs along. So, never scalp when the 1min ATR is <0.50. Terror and horror both.....
 
tommcginnis said:
If you need rise/fall to make a trade, you want to know the ATR.
If you're looking to trade all day, you want to know the tide.
(So, maybe an ATR(15min/6SMA.)
But if you're looking to trade more frequently, then a 5min or 1min window is what you wish.

If the 1min ATR is at 1.0pts, and you put on a ±0.50 (SL & TP) bracket, you are well-situated to mill trade after trade after trade.

The *worst* thing in the world is to try and trade a dead market, where your trade has to sit for 5-10 minutes to get your *entry* taken, and then you sit looking at your brackets for 20-30 minutes while the market plugggggggggs along. So, never scalp when the 1min ATR is <0.50. Terror and horror both.....
More...

What does an "ATR(15min/6SMA.)" mean?
 
fordewind said:
What does an "ATR(15min/6SMA.)" mean?
More...
%%
65sma =65day or period simple moving average. Does it mean much?? Well, the WSJ uses it a lot on the DOW. I think they finally did that after watching Investors Business Daily[50dma+200dma] make the to TOP 75 US newspapers.:cool::cool: Some charts auto transfer a 50 period ma= on 15 minutes or 1 day or week.[Others put a 50day moving average on a weekly chart;other charts auto transfer a 50 day ma into a 50 weekly ma ]Understandable better, when you see it on charts.
 
murray t turtle said:
%%
65sma =65day or period simple moving average. Does it mean much?? Well, the WSJ uses it a lot on the DOW. I think they finally did that after watching Investors Business Daily[50dma+200dma] make the to TOP 75 US newspapers.:cool::cool: Some charts auto transfer a 50 period ma= on 15 minutes or 1 day or week.[Others put a 50day moving average on a weekly chart;other charts auto transfer a 50 day ma into a 50 weekly ma ]Understandable better, when you see it on charts.
More...

It`s a 6SMA not 65
 
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