Timothy Morge, a 38-year professional trader, walks you through a typical market morning using 2000-tick bars in the e-mini S&P futures. He focuses on market structure, looks for changes in behavior, and then applies his own proprietary entry methodology and solid money management to trade the market while you watch over his shoulder. This is an excellent opportunity to hear out loud what a long-time professional trader is thinking as the market unfolds and watch as he looks for high-probability trading opportunities.
Comment on this article:Trading with 2000-Tick Bars
Tuesday, June 16, 2009 at 9:23:11 PM
by cber68
Nice skills
Tuesday, August 18, 2009 at 12:47:33 PM
by wolfman
Sir,
I have been following your articles for some time now. They have been a great help to me in gaining a better feel and understanding for the Markets. Have you ever tried Range Bars when trading the E-Mini's. If so what is your opinion. Pros and Cons. Thank you, Mike
Tuesday, August 18, 2009 at 5:21:25 PM
by TimothyMorge
Hi Mike.
Please call me Tim.
I have tried range bars. I tend to use tick based bars OR 10,000 contracts traded per bar [constant volume bars]. There is nothing wrong with range bars, I just tend to work with either those two OR an odd variation that matches the cash stock hours: 39 minute bars or 13 minute bars, using day only data that begin at 8:30 CST and end at 3 pm CST.
One of my partners in the proprietary trading room uses range bars religiously; they just don't seem as pleasing to my eyes--No other reason.
Take care.
Tim
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