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Date/Time: Sun, 24 Nov 2024 20:00:44 +0000
Post From: FREE Trial on new REAL-TIME Order Flow indicators
| [2022-11-13 04:29:38] |
| Meklon - Posts: 219 |
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Were you at the screen at 11:08 AM this past Friday, Nov 11, 2022, when the ES dropped ~ 15 points in 3 minutes? Prior to that drop, the HFT Trackers were very bearish yet the ES drifted up to the top of the channel. When this happens, a short trade on the top of the channel may be in order. The auction process is still strong and hasn't given way to the trend... yet. As we can see, that happened at 11:08 when the Carnac Hurst went up into the green zone and the price broke below the bottom of the channel. At this point, the HFT Trackers were both nearly 90% Bearish. The same thing happened at 12:10 PM but in reverse for the bulls. Prior to the buying range extension, the Carnac HFT Trackers were over 75% Bullish and the ES drifted up to the top of the channel and then dropped. With the algorithms this bullish, one should consider a long near the bottom of the channel; however, the breakout up coincided with the Carnac Hurst output value over the white line and entering the green zone. At this point, the HFT Trackers were both nearly 90% Bullish. Having these working algorithms gives you an edge over the competition as to when, where, and in what direction the market should move. There is no Holy Grail in trading but isn't this "edge" what everyone wants? Date Time Of Last Edit: 2022-11-13 04:29:55
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