Hi Everybody,
As you will have read on the Standard Blog for today, I said that sometimes I look at the “24 hr” sessions as opposed to the “day session” (9:30 – 16:15 EDT) for the US e-minis. I normally only take a look at the 24hr session for larger degree support/resistance when there is no clear picture on the normal (9:30 – 16:15 EDT) charts.
Yesterday was a brilliant example of this, where the high yesterday came in right at 15min DP resistance on the 24hr chart. This set the larger degree trend to down, which then allowed you to focus on short trades as the markets declined yesterday.
So the guideline is, normally use the 9:30 – 16:15 EDT 15min charts, but if the picture is not clear, then just check the 24hr charts as well
Thanks, Steve
As you will have read on the Standard Blog for today, I said that sometimes I look at the “24 hr” sessions as opposed to the “day session” (9:30 – 16:15 EDT) for the US e-minis. I normally only take a look at the 24hr session for larger degree support/resistance when there is no clear picture on the normal (9:30 – 16:15 EDT) charts.
Yesterday was a brilliant example of this, where the high yesterday came in right at 15min DP resistance on the 24hr chart. This set the larger degree trend to down, which then allowed you to focus on short trades as the markets declined yesterday.
So the guideline is, normally use the 9:30 – 16:15 EDT 15min charts, but if the picture is not clear, then just check the 24hr charts as well
Thanks, Steve
