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Re: d-k post# 31087

Thursday, 10/27/2016 10:33:09 PM

Thursday, October 27, 2016 10:33:09 PM

Post# of 52871
"I believe Royg used 15 min chart with probably 5 min for extra tuning."

Yes

Stockcharts has a feature allowing changes in frequency with a single keystroke.

Actually I have set up seven "buttons" for that many different periods: 1-minute, 5-minutes, 15-minutes, 60-minutes, daily, weekly and yearly. My default is 15-minutes, but very often the 5-minute button is seen (with a single keystroke) to examine closely and quickly each indicator. I wouldn't be without it. Indicators which I have permanently assigned to each period are very similar from the 1-minute to 60-minute. In post-session and pre-session preparation times I will see some possible prospects which get a look from 15-minute to daily for context. I typically start near the session opening with two to five prospects, mostly puts, each of which have been considered significantly for several minutes, studying all the indicators. It is extremely rare to see all indicators in exact step as was TSLA for more than two hours today. Some days there are few, so let's go to the creek and catch a catfish for supper. I rarely look at the 1-minute. More detail than I find useful. Actually, I estimate that for an actual entry (or exit) I will have used the 5-minute perhaps three quarters of the time. That's a great difference from another active trader on this board. He posts that use of the 5-minute is the way to lose money. My experience does not confirm that opinion.

I also have Telechart 2000 which presents no finer than daily. But that program has several unique indicators, which I do not discuss on this board; I have not encountered another subscriber on I-Hub, but I have not made a methodical search.

I have talked here about StockCharts. It costs $37.90 per month for the "Extra" version.

Regarding installation and removal of each indicator is a simple matter, taking maybe a couple or three minutes after experience.

There are other chart services. I am not acquainted with any of them so connot suggest a comparison.

Roy

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