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Sorry for the typo! I've meant HO and RB of course.
If you look at the charts it becomes obvious they are like 3 musketeers... meaning most of the time they move together. It is somewhat similar situation than how the index futures are moving NQ, YM, TF and ES.
I've saw it quite often that the ES, NQ, YM are pushing to new highs yet the TF is showing weakness and going sideways / lower which is showing divergence and will resolve it itself one way or the other. The roles of course change time to time so context is always important.
I trade the CL but keep an eye of the other 2...
Usually divergence will slow down/reverse a break out move to the upside or downside.
I don't recall lately seeing the CL let say going to new highs while RB and HO making LL and LH.
Such situation would invalidate CL break out and trap longs.
The way I play break out to new highs or lows
a/ look at the tape and DOS similar what lancelotte is doing just different tools - and want to see a big players buying or selling
b/ I glance at the HO and RB if they are in similar state that gives me more comfort to hang on for the ride...
right click on the speaker icon on the DOM it will open the sound board preference window and after select the conditions that will create a sound and select the sound you want :
(PS it works very well now my dog barks when the market is active lol... and I must add that usually my dog never barks it is an English bulldog and he is very quiet)
R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
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