This is a quick picture of the system I am using from eMiniSchool. Whe the blue bars appear it lets me know that the move is either starting or the move is over. It helps me know multiple things at one time.
If the blue bar appears when the indicator is low it means the move is starting. If the blue bars appear when the indicator is high it means the move is most likely over. When the blue bars appear at the end of a move I know to stop going long or short.
In this picture of the ES on a 7 minute chart you can see that it is good at catching the beginning and the end of the moves. Knowing that the bars turned blue up at the top of the chart I would never go long if the price broke that high. It gives me confidence that I am trading in the correct direction. When the indicator is low and the bars turn blue I know that there is a big move starting. At that point I use other parameters that are in the videos to enter the trade. This is a 7 minute chart with the indicator set to a 10 minute interval (on their site it explains that in more detail).
When I can see a big move is going to start I usually find the direction and then use the Turbo Scalper to scalp in that direction.
Also eMiniSchool has 6 free videos that can be downloaded from their homepage. The videos show the charts in more detail along with free trading articles. If you are a serious trader it is worth the time to check them out.
I will post an intra-day trade tomorrow after the market closes.
Steve
eMiniSchool
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