Chart courtesy of AMP Trading, get a free demo account and paper trade.

An absolutely fantastic and fun day to trade the ES Emini

ESZ9 Detailed Daytrading chart

What an enjoyable day it was to trade as the market was less than tricky. As you can see the signals on the larger moves were clear to see, though there were a few trades I missed because the CCI stayed between the 100″s, or in the “market noise” section, even though a significant move was occurring. On the other hand, it is important to understand that a trader is not going to catch EVERY move, and trying to catch all the moves results in over aggressive trading.

Again, I encourage you to check out this Trend Analysis tool, it is a real trading help.

Another tool I look at extensively is a free tool from INO that does excellent trend analysis, and the fact that it is free makes it all the more attractive.  It is relatively simple and will give you a great overall view, and statistical strength of any given trend, or lack of trend, for that matter.

The tool is simple to use, just enter the symbol for any of the instruments you are trading and a detailed and useful chart is emailed to you in seconds. I have saved hundreds of these charts and constantly compare them week-to-week, or month-to-month. They are very helpful.

Just another tool in my trading arsenal, and it’s free. Give it a try.