Sunday, February 22, 2009

ES Chart with commentaries - Feb 21st '09

Here is a commented chart on ES. Traders leaning on the lower time frames will have jumped long, probably for a quick profit only. Longer term players are probably still short or have reduced positions on support level.

Tuesday, February 10, 2009

A simpler use of the toolset on fast tick charts.

When trading is fast (EURUSD 34Ticks here), one needs to rely on fewer simpler indicators. Secondly, we want to avoid any sort of lag, so we here want to only depend on pure price patterns. This is why this chart only uses the Swing indicator (which provides Fib information), our custom version of HA PaintBars, as well as MM lines.
Chart reading is straightforward, simple, efficient.