[brownsfan019]

Originally Posted by Dinerotrader »

It doesn't help you to see where things are at on a larger scale?

I always feel like my better trades occur at the range extremes so the larger time frames help me identify those.

What is the largest time frame you look at or thing is useful for you?

Currently I watch 1 chart per market. That's it. And currently the 1 minute chart is working fine. I could adjust that setting based on volatility. If you recall I'm looking to get in w/in the first 2 hours of a market being open, so I'm really interested to see what the opening prints are doing. I'm looking to make a trade based on expected volatility due to the opening of the market + econ news (if any). Coincidentally some of my worst performing days coincide with little/zero econ news.

There's nothing wrong w/ the approach you are taking here. I was doing the same thing at one point as well. I just turned a different corner at some point and haven't looked back. Once I decided I didn't need to peg every single move of every single day, a whole new world opened up to me - one where I could zero in on the most volatile part of the trading day and try to exploit that small, but very potentially profitable timeframe.

It's worked well for me but I'm not suggesting you or anyone reading this abandon what they are doing and just pull up some 1 minute charts and give it a whirl. I'm not even 100% sure how I got to this point but I did. And as long as it's working, I won't be changing too much to it. I've done that enough times that now I'm worn out from trying to hit every move and make a million bucks every day. I'll take a few hundred to a few thousand and call it a day.

[Dinerotrader]

Originally Posted by brownsfan019 »

Currently I watch 1 chart per market. That's it. And currently the 1 minute chart is working fine.

I am surprised you can watch soybeans on a 1 minute chart with the 1st minute being so fast. Don't you just end up with 1 big ol' candle?

[Gabe2004]

Originally Posted by brownsfan019 »

Coincidentally some of my worst performing days coincide with little/zero econ news.

Can you give some examles of the kind of news that will move the ZS?
Also is seasonality a factor in your trading?
(probably not because you mentioned that you use the same setup for all your instruments - if I remember correctly)

Thaks

Gabe

[brownsfan019]

Originally Posted by Dinerotrader »

I am surprised you can watch soybeans on a 1 minute chart with the 1st minute being so fast. Don't you just end up with 1 big ol' candle?

Sometimes I do but many times I'm not entering right on the open so things calm down a bit form there.

[brownsfan019]

Originally Posted by Gabe2004 »

Can you give some examles of the kind of news that will move the ZS?
Also is seasonality a factor in your trading?
(probably not because you mentioned that you use the same setup for all your instruments - if I remember correctly)

Thaks

Gabe

When I say econ news - I meant in general for the day. When there's news to be released, I usually have better days, which includes the ZS. I am not aware of any specific news related to the ZS that moves the market. I think it typically moves on it's own.

[Dinerotrader]

Here is where we stand on the ZS. A valiant effort to break higher today only to come right back before close. Just about the same thing happened yesterday except today the bulls had a little more gusto during the 1st hour of trading but they subsequently got beaten down the rest of the day. 2 tries at new highs and both tries failed.
I will be looking for a breakdown tomorrow especially since today's close was ended in a drop off.

I wish I could see a multi year chart of this so I could tell if seaonality affects the larger picture. If anyone has a larger scale chart, please share.

[brownsfan019]

Good look at the chart dinero. One suggestion - to get your chart less cluttered, you can turn the grid lines off. I think they just get in the way creating more stuff that's unnecessary. Go into the current profile >> thing in the top right corner to turn those off.

[Dinerotrader]

ZS
What was that spike! Is the chart correct?