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I've only been at this steadily for 3-4 months and here is the first charting arrangement that feels like a keeper.
1. Day per candlestick bar printout from chart stocks.com w/ annotations
(NT 7 charts below)
2.
90 min candlesticks w/:
BB's
WilliamsR (14)
RSI (14,4)
VOL
3.
Fifteen minute candlestick and a 15 minute line on close underneath w/:
9 or 20 with 30 EMA
Charting (drawn after confirmed using a plastic ruler)
VOL
4.
Five minute candlestick and a 5 minute line on close underneath w/:
Horizontal bars painted every 50 cents (30.00, 30.50,31.00 ect)
Charting
This minimalist arraignment gives information enough to spot some good opportunities. I get overwhelmed by too many factors and that adds to the uncertainty and anxiety often felt when needing to react efficiently (or persistently) to essential information that has been proven effective in the past.
Only recently started using indicators in real time trading. Those on the 60 min chart were the only ones I've found to be helpful in some limited instances (swing trading). There are still a bunch from futures.io (formerly BMT)'s elite section that haven't been moved from the desk top to the trading computer for testing though.
Thanks for your post.
Is this your new set-up you are using?
Were there charts that were supposed to be attached? - (I didn't notice any but pt one looks like it refers to one?)
They will look the same from any platform but here are the NT charts described. I keep the trading computer as isolated as possible so these are opened from the desk top. I did some quick and dirty charting on the 5 min w/ both candlesticks and line chart to show how doing it on both gives me a clearer picture. I focus mostly on double tops / bottoms, triangles and trendlines.
What is most important is the method and how it applies to each chart to set up the best trades $ wise.
90 min chart: good balance between 60 and 120 min chart for looking at BB’s with RSI and WilliamsR. I look out for a deep piercing of the BB with a wicked tail forming as it retracts. Also the narrowing of the BB’s around a consolidated price range - looking for breakouts on either side.
15 min chart: good anchor for the 5 min. Helpful to gauge price action in relation to 20 and 30 EMA – get ready for a move the other way when price is too far away from the MA’s.
5 min chart: I see patterns form the best from here and make trades from here as well. With something as volatile as silver many people use 2 or 3 min charts but it just doesn’t fit my style.