12 Comments
User's avatar
Tom Basso's avatar

Alex, I like the simplicity of your indicator. Very few parameters is more robust. As long as you then follow your approach you should stay out of trouble.

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Alex's avatar

Thanks a lot Tom! You got it right, it's very simple and yet effective within my system. Far from perfect but works for my needs :) cheers & HAGD!

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John Strong's avatar

Thanks Alex,

Would you suggest this approach to single stocks in the first hour ? Or do you want to see and to wait consolidation boxes ..... ?

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Alex's avatar

Hey Giovanni!

This is something a technique I use in individual stock for anticipation entries that are lower than the daily pivot I share in the newsletter. But other than that, I really use that on the indices to adjust my trading activity, exposure, etc when we are in a range day. If we are range day, then individual stocks setups tend to fail, or no great momentum is there. cheers!

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Richard's avatar

Thanks very much Alex. Much appreciated.

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Richard's avatar

Hi Alex. In this article you use ESZ2022. What are you using now its 2023? I tried ESZ2023 but it has a very different, 'thinly traded' look to it. Thanks.

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Alex's avatar

Hey!! I'm using ESH2023. Cheers!

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Reynaldo's avatar

Great post, and looks as a great strategy to learn and use.

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Alex's avatar

Thanks!! cheers

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Edi Eduard's avatar

Excellent.

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Pascal's avatar

Very easy but powerful technique, thanks for sharing Alex! :)

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Tashfeen Ekram's avatar

Do you wait for a candle to close outside of the range to call it a trend day?

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