A Questionable ‘Mechanical’ Trade

Although we searched in vain for tradable opportunities, there were relatively few appealing morsels to plunder. Even so, we lingered on an E-Mini S&P chart for long enough to shed light on a matter of concern to anyone attempting to initiate a trade using a ‘mechanical’ signal. If the tradeworthy pattern displays most clearly on a daily chart needing just a few more idle bars to trigger us in, can we jump the gun by shifting to the 60-minute chart, where those idle bars will occur in a fraction of the time? This recording holds the answer to that question, as well as to other questions of interest to the diligent Pivoteer.