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The DJIA e-mini futures market opened up strongly Sunday night.
Price retraced that up move to the Brach Zone.
Two price-to-indicator divergent reversals printed...(high-lighted by the dark blue vertical lines)
I'm always looking for technical signals on my charts:
My personal bias is nearly always bullish.
Another 10 points later...
Fibonacci numbers can be applied to anything...I personally haven't found FIB time lines
advantageous to my way of trading...same goes with Gann's stuff. I suppose some trader's may find them useful.
My shortest "time frame" would be approximately 15 minutes of bars on a chart...
I use Tick charts mainly - they minimise the affects of "time" in favor of activity levels...
That said, the smallest increment I use is 30 ticks...meaning it takes 30 trades
to complete one bar (for the YM, NQ and RUT e-minis)
The ES e-mini is very much more active - my smallest interval is 120 ticks per bar.
I describe the differences in Tick and Time based charts in depth about half way down the page on my blog:
Discretionary Trading ...TICK vs TIME charts (my blog page number 7) ...
Tick vs. Time:
Something interesting I came across.Perhaps in your experience you can help to share your accuracies and guesstimates.
Also what is the shortest time frame that you use?
Hi...Haven't used FIB time lines much.
I do have time lines on my short term charts instead of grid lines. They are set up to show every 1/2 hour.
I use tick charts for trading - I adjust the ticks-per-bar so that 30 to 60 minutes of price bars show on the charts.
The time lines will be closer or further apart from each other depending on how active the market is at any particular time of day.
(on time based charts the time lines are equally spaced)
Hello there.Question
Have you ever tried the Fib time projections?
I'm still seeing if that has more too it than another toy to put up on the screen.
Happy 4th of July ... celebrating independence day
BRACH ZONE reversal fireworks
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