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Hi Raul,
Once you draw the high and low off the 15minute bar, do you use the 100tick bar to gauge momentum of the breakout? Im curious on your methods on watching momentum for the break. I would still prefer the tape but would be interested in combining another method. Thanks |
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James
if you could measure momentum via tape reading, you'll be in a better position than me for sure. I watch momentum on bars beacuse througth the years looking so much and too long at the screen my vision is not as good as it use to be(don't anybody dare that is the aging process.....LOL).For some reason the tape gives me headache. It's easier for me to use the bars.
I am going to look into 100 tick bars as Torero suggested.
James, this is a quick-draw trade. The overnigth money is there for the taking. My suggestion is not too look at many things as you could get distracted from the move. Use the necessary and if is possibe the minimal trading tools and go for the killing.
I wrote about not looking at the tape 'cause many people like to incorporate may tools into this strategy and what happen is that very often they miss the bus.
Maybe 15 min charts 100 tick charts and the tape will do. Try that combination and let me know
If I could use the tape I would
Raul