Blue Bars!

7/1/2010

Traders,

Today I just want to post a quick chart. We break the TF down into Range bars for the smaller view. This gives us quicker traders in the bigger direction meaning that we only trade the Range chart in the direction of the 3 and 10 minute charts. Not only the 3 and 10 minute charts but the color of both of those charts. The 3 and 10 minute both have to be green to go long.

The thing to look at is the blue bars. When the indicator is low the move is starting and when the indicator is high the move is over. So if there is a big move up then the indicator gets high and we get blue bars it is a easy visual to tell us that the move is most likely coming to a end and to exit the long. And if you miss the long you know NOT to keep going long.

There was a 6 point drop and then two long's off the blue bars for 15 points combined. We are not saying you will catch all of them but in looking at the chart could it help you pick up 5-6 points for the day if not in one trade?

If you can pick up 5-6 points for the entire day you are doing better than 90% of traders out there. For some reason everyone has this 2 point goal per day on the ES. To use that makes no since. Why limit yourself with a small goal? But the truth is it takes most people all day and 7 round turns to even get the 2 point goal.

We believe that it is best to learn how to get the bigger direction then break that direction down to a way that you can trade with high odds. We do not claim to have a magical indicator but we do have tools to help you in real-time. All we are doing in day trading is getting odds on our side for that moment in time to make money. That is it, PERIOD!

It is waiting out the counter trend trades and capitalizing on the trend trade with the least amount of risk. No claims , No hype just wait and trade and repeat it. We do not try to predict every move trading for ticks. Why would anyone want to do that? Do you??

If you are trying to pick the top and bottom of the chart trading for a 1 ES point using a 300 tick chart you will lose money. At least we have never known anyone to make consistent money approaching the market with that type of trading style. Have you?

Happy Trading.

www.eMiniSchool.com