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ashville NC
Market Wizard
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
Frequency: Every few days
Duration: Days
Posts: 929 since Mar 2012
Thanks Given: 309
Thanks Received: 666
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i use a chart for trend 3 to 5 times larger than chart i am trading for trend direction or not. i use the 55 SMA on the larger time frame chart. if price is above the average and the average is pointing up the trend is up, reverse that for down. if the average is flat or the price is tangled in it , the trend is flat. the problem is most people on this forum day trade futures. because of gaps , news, and other short time frame b.s. it becomes much harder to i.d.
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