Nice Short trade setup using Multiple Time Frames on the open today. The chart below shows the 3 time frames I use for Emini day trading: 233, 699 and 2,097 tick bars. The vertical dotted red line in each time frame shows the open.
Multiple Time Frames Setup (Emini day & night sessions)
On the 2,097 tick chart (highest time frame) we had an "End of Trend" warning signal from the Better Sine Wave. There was also High Volume Churn (blue bars) showing Professionals were taking profits and re-positioning Short.
On the 699 tick chart (middle time frame) we had a slight "Overshoot" of the cyclical turning point and more High Volume Churn (blue bars). On the 233 tick chart (lowest time frame) we also had an "End of Trend" warning signal from the Better Sine Wave. Plus High Volume Churn, highlighting the resistance at 855.
Strong moves come when the multiple time frames align like this. This Short was good for 9 points – I was out after 4 when my target was hit and off to bed for me.
Sydney Surf Last 3 Days
In case you’re interested, we’ve just had 3 days of perfect end-of-Summer surf here in Sydney. Medium swell with offshore winds – doesn’t get much better than this.
Good luck with your Emini trading.