Traders, I must try and enthuse you to use Hawkeye's GearBox and GearChanger, part of the Hawkeye Gear Module. It's a pivotal moment in your trading career that will change how you perceive charts for ever. It produces an optimized tick speed based on current volatility and the expansion of volume.
Hawkeye GearBox and GearChanger work on ALL markets but in this example let's use the S&P E-mini. Each day Hawkeye GearBox gives us a number of optimum tick speeds to trade for that day. As seen at the bottom of Chart 3, Hawkeye GearChanger is yellow all day telling us that the market is trading at normal speed. So in this example for normal speeds GearBox is telling us to trade the 3752 tick and 7504 tick charts. These are the charts I have set up in Charts 1 and 2 below.
Charts 1 & 2 - S&P E-mini
The red arrows in the charts above indicate where both time frames are in harmony, showing a low risk short entry producing a plus 9 full point move. The cyan up arrows show long entry holding to end of day producing a 3 plus full point move.
Chart 3 - Hawkeye KISS
This chart shows the Hawkeye KISS set to 3 minutes. The red arrow shows that the market momentum of advance/declining stock issues is slowing and the market enters congestion. The cyan arrow shows that stocks are advancing. Look at the rising green line in KISS. This prepares us for the entry on Charts 1 and 2.
Note: the red and cyan arrows are placed for illustration only, and are not part of the software.
Understanding the power of the Hawkeye GearBox and GearChanger seriously will change your trading forever. For more information, look up the Hawkeye Gear Module on our website.