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USDollar

08/13/18 2:17 PM

#267700 RE: RTMidgetman #267699

5 min and 10 min are TOO close and TOO similar
(altho I found a while back a thing working better in 10 min)

5 min and 60 min is better (5 and 15 is good but problematic)

I said 10 I was referring to SMA or EMA whatever you like, so SMA10 in 5 min and then eyes on S and R
(and ditch the SMA20 as crossover - you can still have it on the chart to verify which trading trap works better, nothing wrong with that aside of the clutter and make you doubt of your actions...)

What do I use? I use almost everything. Primarily is how I feel that day Lol. But the chart I like the most is 60. 15 comes second, but now I tend to revert back to old love 1 min and 5, not necessarily to trade off them but to help me with the bigger charts, they help each other back and forth, or better said, they complement each other and validate each other.

The main charts to see trend should be monthly, followed by daily (yes weekly is buggy), then shop chop charts 60 and 1 or 5 min
Up to down.

I think it's stupid to look at the charts all the time, too much mental stress. better to do an evaluation of big charts and make a note on a piece of paper ONCE A WEEK, then only glance at it while fishing at the hole with the smaller charts...

This is how I see it

(btw the thing I said of 5 min, worked on the buy side, but the main thing is to know where the S/R is all the time)