I have watched the ER Ticks with a simple bar chart. using 1minute with 2hours data. Through observation of these bars I have noticed a couple of patterns that offer a heads up for a trade setup. I draw trendlines on the Ticks chart and when there appears a 3 point trendline, a good trade seems to follow. Also for possible reversals after these 3pt trendlines trades finish, is a 4th penetration of the 3 point trendline that gives me also a setup trade. I see this same 3 point trendline with cci and rsi as other confirmations.
Tin, if you are trading the ER, why not use the ER Ticks instead of the Nasdaq Ticks? Actually I found that the ER Ticks can be used for the YM. I was always more interested in trading the ER from others, however, after learning that the YM is better to start with from
John Carter's book, I changed course of my trading and began trading the YM. I intend to make mistakes and learn on a easier playing field first then head for the ER in the future.