Part of Art of Chart Reading
I have marked up this chart with my technical approach in analyzing the Emini S&P intraday chart.
You can expand the chart bigger by clicking on it.
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Its really great a chart such as this with explanation is given ! Thanks !
Yes, fantastic chart for us all to visualize what you are seeing. Thanks!
It is one of those things that I know how to do but find it difficult to turn this into some kind of rules or instructions. So it is easier for me to simply show you what I do as oppose to theorize them. =)
I love these types of posts that get in your head. Just as valuable, would be posts when it doesn’t work out as planned along various points of the trades journey. Maybe you could consider that as well for future posts of a similar nature – that would be swell.
With kind regards,
Most of the time, as plans are derived to handle multiple scenarios, it is rare to “not work out” some ways.
Hence, the biggest enemy would be range contraction producing not just one, two, or three false breakouts but continuously.
Will surely post one of these when I encounter one.
Is it an improvised version of Taylor Trading Technique for the weekly TF ?
Taylor pays too much attention to the rhythm itself. STOPD levels give us strong bias to lean on without that assumption. In my opinion this allows for the trader to stay flexible in case of “exceptional” scenarios unfold.