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Old 06-09-2007, 01:53 PM
alleyb alleyb is offline
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Re: MP Question: How many 30-min bar touches before you call it 'fat profile'?

once you get to 4 TPOs then you are looking for the possibility that the trade alters from responsive to initiative. if it does not occur by this time then the chances of a trend day are lessened and so from 8 TPOs you are then effectively looking at a new IB distribution that frequently becomes a late running profile. ES on Fridaty Jun 8th was just such a clssic one in that respect.

Back in 1986 Pete Steidlmayer wrote about needing to wait for the first 4.5 hours in ES to pass before establishing a trade and as per usual I contend nothing has changed over the years

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