Hello Traders,
For 2014 I would like to wish all of you discipline and patience in your trading!
Hello Traders,
Amazing to see the difference in what I consider “an influenced market” like we seen the last week or so with Japan QE, versus a market that was free for a bit about 2-3 weeks ago….when it expected QE to be over….
Last few sessions we see the big moves happen overnight with much tighter trading ranges during the day session versus a market that had WIDE ranges and “healthy” volatility both ways a few weeks ago…..Bottom line the market is what the market is and this is what one needs to trade and not what one would like to trade…..
On a different note, I mentioned before that i like using range bars and Renko charts when it comes to short term trading versus minutes charts.
Main reason, is that i feel that Range/ renko/ Volume charts will complete faster when there is action and speed in the market , hence have potential to provide a signal faster and vise versa, may filter our some noise when the market is dead.
below you will see today’s mini SP chart. I am using 5 ticks range bar chart along with some ALGOs I created and have confidence in.
Continue reading “Mini S&P Renko Volume Charts & Economic Reports 11.06.2014”