Trade that was presented by the Chart with Alert. See The Pink "Zig Zag" looking line. Note "D" on chart. That was entry long scalp in minutes of several points profit. BTW if you wish to watch me live -- let me know and I will try and accommodate you. (If you wish, to "keep it interesting" we can place a wager. I will make at least $200 live while you watch or I will pay you for your time and if I do as said you pay me what you saw me make. Later, @mason macgregorson -- BTW that is a great name that your parents gave you! Thanks for you comments and please continue...
If you don't understand the charts and trade setups that I post -- Please let me know. Looks just like "Jackson Pollock" Pretty Pictures as posted here by some. Not sure that is part of my requirement to allow you see the picture with the "Right Eyeballs" but will gladly assist. If you are asking because you wish to perhaps "learn something" then by all means -- post clear questions, and will do my best to provide you some understanding.
Amazing the Patience of some who post often, and intend to help others, like @easymon1 does. Wow lots of Patience required -- would love to learn that -- and it certainly is a Requirement to become a consistently Profitable Trader !!
Cool, I see what you are doing with the price pane. What are the 3 indicator lines in your volume pane computing?
Really unnecessary. But works for what I also do, that is trade options on Futures as a Hedge. But, @Sprout it has value to support entries and exits and refinements. One is a Momentum Indicator 2nd is OBV on balance volume The value is obvious: if you get a signal from the chart, which is a voice alert from Ensign software that you have the trade setup---then as further confirmation you can use the OBV to tell you that there are more buyers than sellers if you are anticipating a long trade, or the reverse if you are shorting. The momentum study is helpful as an indicator to show that there is continuing possible volume support for the trade and I determined that based on looking at longer-term charts. @Sprout, if this is not clear let me know and I will try to be of help or you may Skype me. Thanks
@SunTrader Good questions ! Easiest way for you to understand what the chart is showing is to either take a free trial of it or I can show you with a screenshare if you would like. Then we can look at the chart and you can ask any questions and we can use speech to answer. Otherwise, if you have SKYPE you can contact me on that and we can screenshare. Quick answer is that a very tiny "D" was at the entry point to go long on the trade. Hope that helps and thank you for your questions.