Technical analysis and indicators

Discussion in 'Technical Analysis' started by farmerjohn1324, Dec 18, 2019.

  1. volpri

    volpri

    #11     Dec 19, 2019
    tradingpoker likes this.
  2. For a week long trade look for hourly time frames. 60 min - 240 min (4 hour). Others may even suggest 360 min (6 hour) timeframes.

    and a week is plenty of time. Keep in mind day traders can trade on much smaller timeframes (5 mins) for example.
     
    #12     Dec 19, 2019
  3. NT has a built in indicator which creates HL, HH, LL, and LH. So in this case we don't need to draw a "trend line" Instead we can establish for example an upward trend when you get at least 2 HH and HL.

    The indicator works in all time frames and all charts.

    Many times, I will instead of drawing trend lines, use this indicator with major S and R lines.
     
    #13     Dec 19, 2019
    murray t turtle likes this.
  4. I use IG.

    Can't seem to find it on there.

    But I am much more interested in computer generated trend lines than in ones I draw myself.
     
    #14     Dec 19, 2019
    murray t turtle likes this.
  5. %%
    That's the best way; avoids traders/investors bias.Moving averages helped me much more than straight lines, I use both- the market seldom moves in straight line...……………………………………………………………………………………………………………………………………..
     
    #15     Dec 19, 2019
    remogul92 likes this.
  6. Is moving average considered a form of trend line? I knew it was a "trend indicator," but wasn't sure if that was the same as "trend line."

    If so, I'm all for using moving averages! This seems to make sense using intraday momentum. I would also like to incorporate a volume indicator as further evidence.

    I am all for working out a system! But I do know that I can't watch it 24/7 (or even 24/1), so I will need to have stop-loss and take-profit set at time of trade.

    My goal now is to identify a potential good system, and then to back test it.

    And I suppose since it looks like I'll switch from Fx to emini futures, I will have to find a practice emini platform.
     
    #16     Dec 19, 2019
    murray t turtle likes this.
  7. Onra

    Onra

    Hi farmerjohn1324,
    Any reason for the switch?
     
    #17     Dec 19, 2019
  8. Someone told me Fx is not volatile enough for most short-term trading strategies.
     
    #18     Dec 19, 2019
    Onra likes this.
  9. notagain

    notagain

    something visual, 1hour Bollinger
    Screen Shot 2019-12-19 at 11.26.26 AM.png
     
    #19     Dec 19, 2019
  10. %%
    Yes;
    moving averages look like trend lines also. I use some straight trend lines some; but markets seldom move in a straight line....................................................................................
     
    #20     Dec 19, 2019