Anyone else make the same dumb rookie mistake ? Looking at a tick chart too small and focus on "trends within a trend" and lose focus of the big picture ? Man what a boner.
I had the same problem. Now I'm sizing the chart so that I can see approximately the latest 2 hours. Not using the magnifying glass anymore ...
I know its been mentioned before but on a regular basis what size charts do you guys use ? I was using 5 minute / 15 minute charts and some tick charts but most people are advising against it. So Im curious on a normal day what kind of charts would you guys have open ? 250 tick / 500 tick ? or do you guys look at the volume of contracts ?
constant change of charts not good, but i plan to have a n anchor chart of 5 min and 5000 volume chart for ES. also apply TTM indicator very helpful.. anybody else pointing me to some good website to get free info on Prica action analysis...
I love how somebody always has to ruin it for the others. Feels like high school all over again. Come back soon and enjoy your break, your input will be missed. ~Cx
This is a great thread . Probably the best I've ever followed here in my many years of struggle trying to become profitable. Much valuable input from many different people . Naturally there will be disagreements , but thats not an unhealthy thing . Its good to here differing views and draw our own conclusions. Hope this thread can continue.
Stealth , From earlier today, am I seeing this 3 bar reversal correctly? The swing low (2) consists of 3 separate lines. Would you consider this a valid set up to go long ?