Another tidbit I discovered a while back......... If you remember learning fractions back when........ numerators and denominators and such........ Well, for whatever reason, this has some relavance in what we do. Put up the same chart, say in 5 minutes and 8 minutes. And look for an obvious trend event initiation. Once found, it is incredibly likely that that you will find that event initiated when the two chart durations have properties united using the numerator/denominator concept....... nearly always.
Today on the ES 5 and 8 minute chart at 3:50 AM Eastern I took a short. I seldom take a trade befor 4:00 AM but because it happened where the print began at the same exact time on both charts, I did. I think of these events as insurance in the trend direction.
Many chart durations will synch up and most synchronizations will afford a trend event. Oddly, it is when the print is synchronized on the open or close a trend event begins. The greater the duration difference, the more relativity in the overall chart will become a factor in size of trend.
I use 5 and 8 minute charts a lot. Try using a combination where their synchronization is not terribly common...... not like 2 and 3 or 3 and 5. Look for these events and build an intimacy with them. If you really wanted to..... you could build a spreadsheet that determines those times of day when synchronization occurs. I believe you will find it beneficial. |
