Good vs. Bad volatility (filtering out days)

NexusFi · 2020-12-08T02:05:19-05:00

Thanks for the tips so far. I guess I should mention that I am a scalper who uses charts (2k tick) AND the DOM. Candles with big wicks are one sign of apathy, but it's those big candles that seem to retrace the full length a million times before they close, that is the big annoyance for me. I know of ways to trade days like that (every candle is a consolidation - fade every new high), but I'd rather not get that kind of thinking in my head. Commissions aren't THAT cheap lol.

Discussion in Emini and Emicro Index

Updated December 8, 2020

Good vs. Bad volatility (filtering out days)

December 8th, 2020, 02:05 AM	#21 (permalink)
forgiven Fletcher NC Market Wizard Experience: Intermediate Platform: nijia trader Broker: A.M.P. I.Q. ....C.Q.G. Trading: ym es Frequency: Every few days Duration: Days Posts: 862 since Mar 2012 Thanks Given: 287 Thanks Received: 581	generally i put the ATR indicator on the time frame i am trading and on a time frame 3 to 5 times higher. like 3 min. an 15 min. charts just as and example . i am looking for evidence of a strong push in one direction with higher ATR readings and volume . next the pull back, i want to see lower ATR readings and lower volume. then entry using foot prints and or a order book heat map. the higher time frame needs to confirm a trend in the direction you are trading . important ..... it can not be in a trading range . hope it helps .