Chart of the day: rhythm in NYSE: X

Train your eye to see and process inside days automatically. (Note that this chart was snapped around 10:00 EST, so things will likely be very different by close. Whether or not you execute intraday or wait for the close (if you’re a swing trader) is another discussion for another day…)


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.

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  1. edelweiss

    Please continue:) Here is the exactly where I can not decide what to do, jump in before the move, then cut when I am wrong, or wait for the confirmation. Often times, the confirm is more than 10% gap, and hard to get on.

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