The last “Rule of Thumb” video (Market Does Not Like Flat Tops) went down well, so time to do another one. This time on what usually happens the day after a big trending day – and how to trade it with the ‘Better’ Indicators.
“Hi Barry, I’ve been following you for about 3 years, and I must say that the last video (Rule of Thumb: Consolidation After Trend Day) is one of the best you have ever done.
I really loved the indicators explanation and to see where did you made a mistake. Because I did the same one! And we learn more from mistakes than anything else.
I just wanted to drop you this short email to say good job and thank you for your almost daily videos which I always watch.” Jordi
Remember, a trend or range day is any day that moves over about 1.4% and starts at one extreme and ends close to the other extreme. Yesterday, was a great example – but trend days don’t and aren’t always that big. Yesterday was the biggest down day in about 9 months, don’t forget!
And the signals discussed in the video build on the concept of: “trend moves in lower time frames are equivalent to cycle moves in higher time frames”. If that’s unfamiliar to you, check out this trends and cycles video on the site. It’s a little dated (uses 233 tick bar charts which have now been replaced with the 500 tick bar charts), but it’s a goodie.
Good luck with your Emini trading.