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Jack Torrance

04/24/21 1:05 AM

#102050 RE: foxi #102049

Great post. I agree on all accounts.

Bud-Wiser

04/24/21 9:14 AM

#102056 RE: foxi #102049

Just Fantastic..Much appreciated...I cant wait to start learning what you shared...Nice Job...Please pipe in more often with these types of analysis...Gave you Follow #2....Thanks again

gypsy7

04/24/21 10:48 AM

#102067 RE: foxi #102049

Thank you for that.

One comment I would share with you that may be helpful is to minimize the use of indicators to get a better read of the charts. Too many adds and confusion and
Gives too many mixed signals.

Typically we want to use only one indicator for each category of Trend, Momentum, Volume, & Volatility.

I use moving averages (trend), RSI (momentum), CMF (volume), ATR (volatility)
Plus price action (higher highs, higher lows, close of day, candlestick patterns & price context)

We also want a mix of leading and lagging indicators (RSI is leading, MAs are lagging).

It takes a while to decide what indicators give us the best signals based on our own preferences and strategies.

I improved my trading a lot once I cleaned up my charts and got clear on what worked best for me.

Analysis looks good to me with the comment that your indicators may be adding more “noise” than clarity.

Hopefully that info is constructive in some way. My apologies if not.

Thanks for your effort and input. Additional perspectives are always nice to see.

Jim46

04/24/21 12:13 PM

#102074 RE: foxi #102049

Gave you follower #6

BDEZ

04/24/21 12:26 PM

#102075 RE: foxi #102049

Thanks foxi..great stuff.

ENZC

LandPro

04/24/21 12:47 PM

#102077 RE: foxi #102049

Very informative for a novice chartist like myself. Great job and look forward to the next one.