[jonbig04]

Notes on the pic (as it will be from now on)

[lewtz]

Increasing your time frame is a great idea. I agree with you 100% that the lower time frames seem to be extremely fickle when it comes to abiding S/R.

Just like you, I don't understand how some people can seemingly dip in and out of the market at will. I can spot key levels and intraday levels, but understanding which levels will be the most effective has been difficult for me. I've been sticking mainly to viewing 4h and daily levels when looking for key areas and it's been working well, but leaves me with a lot of time spent being flat. It's definitely been a test of my patience, which has failed me at times, haha.

[jonbig04]

To me, the larger the time fare, the more significant the level. You can always trade more than one instrument if you get bored. I'm flat all the time too.

[brownsfan019]

Originally Posted by jonbig04 »

. You can always trade more than one instrument

... if you can make it work, then I would strongly recommend it!! Currencies, bonds and oil are possible markets to trade w/ the indexes.

[jonbig04]

Thanks BF. Can you recommend anything similar in tick size and daily range to ES?

[diablo272]

Originally Posted by jonbig04 »

Thanks BF. Can you recommend anything similar in tick size and daily range to ES?

You could look into the 6E, $12.5 tick size.

[brownsfan019]

Originally Posted by jonbig04 »

Thanks BF. Can you recommend anything similar in tick size and daily range to ES?

Here's what I watch, you can see if it fits you:

OIL: QM, CL
CURRENCIES: 6E, 6B
BONDS: ZB

Range and value is relative to the markets you are looking at. Some days, currencies will go on a tear and make the NQ look pathetic. Other days, indexes will take off and oil will be doing nothing. But that's the entire reason why I watch multiple markets - I'm looking to get in the market(s) that are moving. Can't do that if only watching 1.

[jonbig04]

Thanks BF and diablo, I'll check into those.

Today's chart.