I started with the 5 minutes chart following Al Brooks' price action but was always frustrated with the slow action and endless waiting. Yes, I know patience is a virtue, but wanted more setups to review.
Got into the Better Indicators and set up three tick charts as per BI Barry's site advice and found that Ok (500,1500, 4500t).
Then came across a trader called Mack doing a daily chart review (PATS Trading) who uses a single 2000t chart which made a lot of sense. As for Al Brooks' approach, the more simple the better, and found the 2000t to be all I needed.
I dropped the lower and higher TFs (667/6000) I had set up with the 200t after moving to NinjaTrader where screen real estate was more difficult to layout (as noted earlier).
Following Mack's lead, I am now very comfortable with one main chart and use the market internals and DOM/T&S for support along with the Better Indicators. I also have a small 5 min chart open as still following Al Brooks' daily updates. The 5 minute can often act as strong support too of course.
Saw this free article on JigSawTrading.com's website where someone used Eminiwatch's better ProAm paintbar indicators to help him on a strategy on entries. Basically on the "pro" volume bars in the initial trend direction sometimes leaving consolidation.
Platform: Tradestation, ATAS for analytics, S5 Trader w/ JS
Favorite Instrument: ES, Tape n Vol for correlation
Posts: 160 since Oct 2011
Thanks: 64 given,
Yes use them primarily for ES...have a section of my screen where it runs. Also have a chart of CL using them. Yes...the Pro/Ams though great....really does not say buy/sell. I use them and supplement with other stuff such as Volume studies / Tick / S&R / VWAP. It helps....but i would probably never trade with them only without my other charts ...especially volume. Hope this helps.
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Barry Taylor of emini-watch.com put together a series of videos called 10 Days to better emini trading. If you sign up to receive the series you will get one video by email each day for 10 days. I found each one to be very good advice for someone that may be struggling. He gives his opinions and ideas that may help one improve their results. It's not a sales pitch for his indicators just things that he himself has done to improve his own trading.