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Ok... I did look at your chart and compare to my raw bars charts from my dom and yes its quite very well correlated... What really happens here is that noise its been absorbed and at the same time there is not excesive lag going on... so you can actually position yourself on the clean swings of price action... Could you post a chart explaining this entry timing you are talking about ? see if I am interpreting you correct...
I am thinking on testing Sierra... do you know if the 30 day trial of transact could be good in order to have data for the 14 day trial of sierra ? thanks so much, I am very glad to be able to interact with you, cheers Walter. |
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Yes you can combine both. Actually, transact AT has a button where you can launch sierra in a heartbeat. I've been using transact for years and had no problems whatsoever. Their execution is excellent.
My entry was at 9:40 AM I still respect pivot points and S/R Levels. As yo can see, market bounced off from pivot at 9:35 AM. I always time my entries at the next bar whenever I see enough momentum if it breaks the higher/high lower/low. I am using this system pretty much the same as you can see price action is very similar to any regular candlesticks with the exception of the axis. The trade was a risky one as we had existing home sales @ 10:00 am Lucky for me the report came out bellow consensus so it pushed the market even lower. Anyway I am trading with just a couple of contracts so it's not a big deal.
As long as you have the bars colored at the side of your trade - no problem. Let it go. You can opt to get out at the close of a bar in reversal or wait for a second bar to confirm either a reversal or pullback
Entry was 13860 exit 13814. My DSL service got hanged during the trade so I had no choice but to call my broker
Here's the chart