Please Kill My Chart

Discussion in 'Technical Analysis' started by PennySnatch, May 12, 2017.

  1. Absolutely. The SPY and the QQQ can be divergent, but many times when they are moving strongly together I consider that to be a supportive broader market signal.
     
    #11     May 12, 2017
    murray t turtle likes this.
  2. Here is what I look at, at least part of the day. Todays trades FWIW. KISS.... upload_2017-5-12_18-44-23.png
     
    #12     May 12, 2017
    drm7 and PennySnatch like this.
  3. algofy

    algofy

    allot of things there that can be distracting.
     
    #13     May 12, 2017
    murray t turtle and PennySnatch like this.
  4. AbbotAle

    AbbotAle

    Your top bar chart is worthless in my opinion because it's rectangle (and a large long one). That means you can't really see much of the movement.

    Make it square and it will come alive.
     
    #14     May 13, 2017
    PennySnatch likes this.
  5. Delete everything, seriously. Pick one time frame to trade, pull up a naked chart of that time frame. Learn how to pick levels of support and resistance based on your time frame. A higher time frame could help with this but it isn't necessary. Then just watch the market (order flow, the DOM, whatever you want to call it) at the areas that you picked as support resistance. If you do this, take notes, and really practice, it will be all you should ever need.
     
    #15     May 13, 2017
  6. %%
    OK,PS, ever read ''less is more??'' [PS] Put it simple; ever read the mad magazine cartoon with R Reagan /E Allen Poe poem?? How taxes galore?? Quoth the Reagan ''less is more'' Wisdom is profitable to direct.; not saying you main goal is to pay more taxes LOL
     
    #16     May 15, 2017
    PennySnatch likes this.
  7. Wow that is simple. Maybe one day I'll get to that level of understanding. Thx for posting that.
     
    #17     May 15, 2017
  8. Pick your spots, trade at those spots.
     
    #18     May 16, 2017
    PennySnatch likes this.