Why do people use Volume, Range and Tic charts?
- Thread starter fearless9
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I take it all back, everything the proffessor says is so right on the money, the mans a genius. Seriously.
ET is mostly full of crap but at least you got this thread which justifies all the wasted time. ProfLogic, thanks once again for persevering and sharing your lifes work.
ET is mostly full of crap but at least you got this thread which justifies all the wasted time. ProfLogic, thanks once again for persevering and sharing your lifes work.
Greetings,
I also want to thank the Prof. and JJ.
This thread has vaulted my trading to the next level.I'm not sure how life works,but the fact that I was looking for a way to read a chart that made sense to me,and I happen to stumble across this topic,which was not the original post,makes me wonder.
Blind luck,I guess I won the lottery.Thanks to all.
cordially Tom
I also want to thank the Prof. and JJ.
This thread has vaulted my trading to the next level.I'm not sure how life works,but the fact that I was looking for a way to read a chart that made sense to me,and I happen to stumble across this topic,which was not the original post,makes me wonder.
Blind luck,I guess I won the lottery.Thanks to all.
cordially Tom
Depending on the Chart you are trading but for the eMini Dow Swing Trades it is consolidating at Prime Trending Support. For the eMini S&P Swing Trades it is consolidating at Prime Resistance.
Intraday on the S&P look for a challenge of 1387.50 first and a failure before there will be a safe long to challenge 1408.75 & 1411.25.
Sorry the slow response, was in Virginia yesterday.
Prof Logic,
Thank you for a very enlightening thread! I have enjoyed it so much I re-read the entire thread now twice. A couple of questions if I could ask to clarify things.
At the beginnig of the thread you suggested to a ET member that they could use 81 and 729, 9 squared, for intraday ES scalping. And then you mention 81 and 729 for intraday ES trading. Later you mentioned you like consistently use 7 squared, which is what your excel spreadsheet used for both the ES and ER2. Do you ever go back and forth between 9 squared and 7 or do you just stick with 7 for these above mentioned markets?
In constructing you areas of support and resistance you mention to use the sequential and look for extreme oscillation. So if I am a day trader in both ES and ER I could find my prime support on the 16807 v chart for both ES and ER and look for entries off of off the 2401v chart using s/r line derived from the 16807 chart. Additionally I could also look for other potential counter trend trades to higher chart (16807 in this case ) in between? Or do I need to go to a higher volume chart to find these extreme oscillations such as the 117649 v chart for both markets? Please forgive my lack of quote citations I am not sure that that I could reference so many of your posts in mine. Thank you very much PL.
Dan
Thank you for a very enlightening thread! I have enjoyed it so much I re-read the entire thread now twice. A couple of questions if I could ask to clarify things.
At the beginnig of the thread you suggested to a ET member that they could use 81 and 729, 9 squared, for intraday ES scalping. And then you mention 81 and 729 for intraday ES trading. Later you mentioned you like consistently use 7 squared, which is what your excel spreadsheet used for both the ES and ER2. Do you ever go back and forth between 9 squared and 7 or do you just stick with 7 for these above mentioned markets?
In constructing you areas of support and resistance you mention to use the sequential and look for extreme oscillation. So if I am a day trader in both ES and ER I could find my prime support on the 16807 v chart for both ES and ER and look for entries off of off the 2401v chart using s/r line derived from the 16807 chart. Additionally I could also look for other potential counter trend trades to higher chart (16807 in this case ) in between? Or do I need to go to a higher volume chart to find these extreme oscillations such as the 117649 v chart for both markets? Please forgive my lack of quote citations I am not sure that that I could reference so many of your posts in mine. Thank you very much PL.
Dan
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