Week 3 charts from Volman:
https://www.dropbox.com/sh/1amxmi9af0fk6ej/VA5_ZrjQF1
london morning session, 1m TF with pipette, EU.
Hmmm... The BB and FB look risky, but the other two look good. Looks like a good morning for you.
Anyone on this thread based in San Diego?
In Bob's first boom on page 45 he mentions the price scale on charting software should be in increments of 1 pip. I have setup my charts on prorealtime & my vertical axis is showing 5 digits to the right of the decimal point where I think to comply with Bob's suggestion it should just be four digits. Cant figure out how to adjust this though. Was wondering if anybody could help ?
If you are using PRT provided by your broker , the chart will display the price in 5 digits from your broker, with no way to change to 4 digit. . But if you subscribe to PRT yourself, the chart will display 4 digit. That's what I experienced.
Thanks Panjm. Did you find the charts were visually quite different in terms of determining patterns, boundaries etc.. when you changed to the 4 digit charts ?
Week 5 charts from Volman:
https://www.dropbox.com/sh/1amxmi9af0fk6ej/VA5_ZrjQF1[/QUOT
Could you please tell me whether Bob Volman make any 5 Min chart study on his new book available, the same as 70 ticks charts above in dropbox.com? Thanks. Jim
Week 5 charts from Volman:
https://www.dropbox.com/sh/1amxmi9af0fk6ej/VA5_ZrjQF1[/QUOT
Could you please tell me whether Bob Volman make any 5 Min chart study on his new book available, the same as 70 ticks charts above in dropbox.com? Thanks. Jim
HE already has
HE already has
Where is he posting them ? Could you please tell me the website that he posts the 5 Min chart daily?
Thanks.
It would be interesting to see Bob's 5 minute charts, but if he's posting them I don't see any in the dropbox here.
Btw, anyone else here have been trying to adapt Bob's approach to the ES? I've had some success, but it takes quite a bit of work.
One of the issues I have is when you use time based charts (I'm using the 5 minute) and display only real time trading hours with the inevitable gaps, the 21 pd EMA just becomes useless in the first two hours. At the same time I'm reluctant to display the Globex data because it stretches things out and makes it hard for me to see the levels of the past day clearly.
I've also noticed that the pullbacks on the ES are far less proportionate than the EUR/USD, with the ES you have to be really fast to catch a good pullback, and there are also more reversals in the ES. However, I've found the box break to be particularly useful when the ES is in one of those 'sideways trends'.
Bob places a lot of emphasis on adverse/favorable magnets, and my research has proven that the prior day's close is by far the most important magnet in the whole picture when it comes to stock index futures. The prior day high and low would also count, to a somewhat lesser degree, as well as the open.
I'm not sure if the magnet concept applies to round numbers so much in stock index futures, because bear in mind that futures usually trade at a discount to spot.
I'm not sure if the magnet concept applies to round numbers so much in stock index futures, because bear in mind that futures usually trade at a discount to spot.