Week 49

Week 48

Week 47

Trading Plan: 512 tick chart

Long time ago I used the 512 tick chart bollinger bands squeeze for entries, that was wrong because entering a market that just comes out of a consolidation area usually first establises a trend (bounce of 50% level) and then continues to move or not.

So lets say we found a trending market what tells you that the trend will continue?

On the 3 Min Chart price will make all kinds of movements that make you think the market is not moving forward and even if it does move quite fast forward how do you know the last strong up move was the last one?

The 512 Tick Chart will show you directly when a new high has been made, no need to wait till a 3 min bar closes and it will show you after the 2nd upswing when a move is over:

Week 46