I don't get how one can look at a chart in a totally different way.. a chart is a chart to me. Sure you can apply different techniques but I don't get the "different way" part.
Just because you have not learned to read a chart does not mean anything to me, quit trolling dude. I have made $$ with fundamentals with long holds such as AAPL from $37 PCLN from $15 NFLX from $9.50 and the list goes on & on But I have made a great deal by simply learning how to read charts & write charting programs that work exceptionally well on the futures ES_F/ CL_F /TF_F/ GC_F/ YM_F as well as stocks on both an intraday basis and a swing basis
The most ridiculous thread I've ever seen, though I honestly don't read many. "The Expert"? Are you kidding me? And who the hell refers to themselves in the third person except high school drop outs? Good for a laugh though...
yeah, yeah TE, brain & eyes, please try and avoid being too cryptic, it does tend to wind people up. Here's another "thing:" analysis vs. Execution ps. Just ignore the divs forever trying to provoke an emotional response.
TE, in my experience (I day trade stocks only from the long side), it's the strength against the market (I use ES as a gauge) that matters the most. In my very simplistic approach, I look for stocks that have moved strongly up since open, and then after the first 5-7 minutes, pulled back a little without any sign of a massive sell-off at the last high, and then I time my entry when the ES is about to bounce. I also ensure the chart of the stock I am about to tade looks 'tidy' and 'clean'.
Mr. Expert, I wonder about the ranges. While we daytrade, why is it important to look at monthly and weekly ranges? A part of the answer i come up with is: after narrowing, comes extraction. But I still cant see the relation to the short term.... btw nice to see you and the others back in track....