Directional trades are what we want to be taking. one way to get support from the longer term chart is to mix timeframes. Look for a Vol node touch or Channel overshoot on a longer term chart and then drop to the smaller timeframe chart to see if the expected reversal is trading as anticipated.
Below we have a reversal on the 15 min chart in the ES in the form of a channel overshoot. So our Longer term View is now Buillish. We look to the smaller timeframe chart to see if we can now get a short term bullish indicator to go long. this could be a Midas touch a push beyond a Vol node or a trend developing in the expected direction. This then allows us to scan a few instruments making note of trade Ideas and dropping to the Lower timeframe to manage.
First Idea – Live
We can see we have breached the Channel overshoot on the 15 min chart. We will now monitor the 3 min for bullish progress. We match the long term and short term view before entry.
