The market remains in balance, awaiting more market-generated information. We have several catalysts lined up for this week, including CPI and FOMC minutes on Wednesday, followed by PPI on Thursday. Stay nimble.
Chop continues until data makes the market decide whether it's breakout or breakdown. Frustrating and subdued price action.
Thank you for your great work. Is your footprint chart configured for 4 pt range?
Yes, this one was using 16 ticks. I vary between 14-20 ticks/bar, depending on the level of volatility.
When do you use a time-based footprint VS a ticks/bar one Smash?
I always have a time-based footprint up simultaneously. However, the range bars are much cleaner in terms of price action.
Chop continues until data makes the market decide whether it's breakout or breakdown. Frustrating and subdued price action.
Thank you for your great work. Is your footprint chart configured for 4 pt range?
Yes, this one was using 16 ticks. I vary between 14-20 ticks/bar, depending on the level of volatility.
When do you use a time-based footprint VS a ticks/bar one Smash?
I always have a time-based footprint up simultaneously. However, the range bars are much cleaner in terms of price action.