Hartle & Flow

Yesterday was remarkably volatile. Volatility increased in equities, fixed income and gold. Gold fell back and tested support at $660.00. It looks like $660.00 will be tested again. I removed the upward trend channels because the market broke through the demand lines and I want to see where the market moves from here.

The Constant Volume Chart (CVB) is set to 1,000 contracts for a longer-term intraday view, and the CQG SnapTrader is displayed. The market has tested a support zones, but the RSI readings are peaking below 38, so I expect the support zone to be tested again.

I plot the volume study at the bottom of the chart. I use it to let me know when the CVB is nearing completion. I use the RSI readings to signal trading range and trending periods.

The current and short-term view using the TFlow chart, is the 1-tick TFlow bars with the CQG ChartTrader. My two custom studies are set to look back periods of 5-TFlow bars. At the time this image was captured, we can see that sellers were hitting bids because the red sell volume line was dominating the green buy volume line of the TFVCrss study.

The short-term TFlow view can change very rapidly.

This entry was posted Wednesday, February 28th, 2007 at 9:14 am and is filed under TFlow, Gold Futures. You can leave a response, or trackback from your own site.