Tuesday, November 23, 2010

Tick Chart or Minute Chart?

These first three "minute interval" charts worked well today in the squeeze trade as the market was trying to establish a bottom. When compared to the many other charts below you can see that these three gave you clarity and clean, trade-able formations.
It's pretty amazing that using the only the FRO, and creating a wide variety of intervals, you can always find a combination that allows you to take money home.



The 30 minute chart below gave you a good perspective to see that a bottom was forming all day.

The remaining charts below were not very useful for executing specific trades.
Some were only useful in helping you see the squeeze action.
















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