A Jack of Small Trades

 
Happy 5th of July. 

If you are reading this today, then I guess that we are kindred souls - as we should be at the beach and ignoring the markets.

I shot this video yesterday, which is even more egregious than working today, but the wife and kids are away and I am home with the dog, cat, chickens and the beach late in the day - so, I tinker.



In this video I review 'Multiple Time-Frame Analysis Chart Setup for Market Assessment, Tape Reading and Analysis for Deploying Semi-Automated Trading Bots".

Similar to traders using larger time frame bar sizes to assess market structure and price action – yet they trade on the lower time frame bar sizes, we use larger range bar sizes to assess the overall market while we deploy our trading bots on smaller range bar sizes so that they ingest and analyze order flow at a more granular level – and also can enter at a more discrete price tick.

In this video we contrast an 8 tick ES chart with a 3 tick ES chart. Beyond the 8 tick and 3 tick, I also use a 5, 13 tick and a 21 tick chart for both ES and CL.

You can also trade on a 2 tick in ES. ES 13 tick range bar chart - This chart will give you a very pronounced and very dependable view of Support & Resistance Levels.

Note - I use Ludwig Levels, www.LudwigLevels.com, for support/resistance, and for forecasting where price is likely to traverse to. 

P.S. - I am publishing a video on Sunday evening regarding, "Trading Money Management Scaling In vs Scaling Out" - which I find incredibly fascinating, and think is a more important component than entries.

P.P.S. - You may not have noticed, but after a 2 year slog, Twitter has bequeathed me the @sceeto handle.  My prior handle, @TapeReader, has oddly been assigned to someone who does not seem engaged in the markets.

P.P.P.S. - I have also developed a suite of BreachBots for Sierra Chart that are pretty cool.   We have not yet begun to sell these bots, but I use them in my own trading. 

If you would to test out these Breach Bots for Sierra Chart, please send me your Sierra Chart or InfinityAT Account name by submitting a ticket here and I will set you up.


All the best,
Carl

Carl 

Carl Weiss
Algorithmic Architect @ ...sceeto

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