Chart of the day: intraday ranges in ES


Adam Grimes has over two decades of experience in the industry as a trader, analyst and system developer. The author of a best-selling trading book, he has traded for his own account, for a top prop firm, and spent several years at the New York Mercantile Exchange. He focuses on the intersection of quantitative analysis and discretionary trading, and has a talent for teaching and helping traders find their own way in the market.

This Post Has 2 Comments

  1. Micah Killough

    Hi Adam! I’ve been reading your posts on intraday trading, and I have a beginner question to ask about this post: what on the chart are you referring to when you say “inside days”? Normally I would assume you were referring to a day when all the bars were inside the channels or something like that, but the chart on this post doesn’t have a moving average or keltner channels or anything like that, so I’m wondering if you are talking about something else that I’ve missed. Thanks for clarifying!

    1. Micah Killough

      And after doing more reading I realized that when you refer to “inside days” here you mean that the range of a day falls completely within the range of the previous day, which is a sign of volatility compression. I’m learning, slowly but surely 🙂 Thank you for sharing so much wonderful information Adam! You are a great teacher.

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