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Chart of the day: intraday ranges in ES

AdamHGrimes

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 03/20/2017

    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 03/24/2017

      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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