Emini Charts – How to Read the ‘Better’ Emini Charts

3 Non-correlated indicators on 3 time frames … that’s all.

How to Read the ‘Better’ Emini Charts (12:10)

The ‘Better’ charts look a little different – not your usual moving averages, Fibonacci retracements, RSI and MACD. In the video above I explain what the 3 indicators are and how you can use them to identify trend and enter/exit trades.

And this video explains why you need 3 fundamental, non-correlated indicators.

Update June 2011 – Less is more …

In June I realized I was intuitively ignoring a few “extras” on my charts and taking them off would allow me to focus more on the real drivers of trend.

So, what have I done? I’ve dropped two indicators and added one:

  1. Dropped the No Demand (NoD), Profit Taking (PT) and Stopping Volume (St & St*) signals
  2. Dropped the Better Momentum ShowMe that plotted Bullish/Bearish Divergence signals on price bars
  3. Added the most important Better Momentum signals above/below the price bars

This extra indicator is just a variation of Better Momentum, but plotted on the price bars so it is more visible to me. It plots Exhaustion signals, the first Bullish/Bearish Divergence signal after Exhaustion and the Flush signals.

The coloring is blue, purple and yellow dots with dashed vertical lines to help line them up on charts. However, this extra indicator is a work-in-progress and not released yet. Sorry.