Trend Moves Propagate – Tuesday 8 Oct 2013 (11:57)
Exhausted after yesterday. The Emini finally broke down, but the first hour was hard work with no clear direction. And as usual a strong trend day ends right on the extreme.
So during Wednesday I’ll be looking for the 45 minute chart (and 40,500 tick bar chart) to make Pullback to End of Trend. But then we’ve got to see the 135 minute chart do the same thing before this whole down move is over (for the time being).
If this concept of trend moves propagating or percolating through from the lowest to the highest timeframes is too complex or poorly explained – let me know. It might be worth a proper video and taking a little more time over. It’s the reason why I use multiple charts – and not just one, like the 1,500 tick chart.
Good luck with your Emini trading.