Friday All Equities Opening Calls/Puts were over 2:1 all morning. This is very unusual that Equity traders are on the right side and leads me to think that this is not a reliable indicator unfortunately.
I played around with a 1" chart about a week ago for a couple of days and I was also too chicken. My big issue was just too much noise. I then switched to a 5" chart and had a lot of the same issues. The 10" chart that I am using for DP10 appears to be about right for filtering out the noise but catching the big moves. Catching little moves that quickly reverse whipped me to death with the faster charts. But I will continue to look at a 5" chart to look for clues of a reverse just as I say yday.
I think I could make a 5" chart work just as you do, but I want to really give my DP10 chart a chance to perform for me. The chart has proven it will perform, it's just up to me to see what is about to happen RT.
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