I like looking at 3 different combinations of multiple time frame charts on the Emini:
- For day trading, I like 500, 1,500 and 4,500 tick bar charts
- For swing trading, I like 4,500, 13,500 and 40,500 tick bar charts
- For the big picture, I like 45 minute, 135 minute and daily charts
For trend changes in each of these time frames look for trend moves in the lower time frames to go Pull Back to End of Trend and start percolating through the time frames.
This last Emini down leg – dropping through 1,960 – has now started to find Support. We’ve had our first Pull Back to End of Trend signal on the 45 minute chart. But we’ve got to go Pull Back to End of Trend on the 135 minute chart next.
That will be the Fat Lady Singing.
And if you want to duplicate the Bond oscillator chart that is showing we’re getting to over-sold levels (versus Bonds) you can find the free code here.
Good luck with your Emini trading.