| Posted: 23 Nov 2009 16:07 | ||
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Administrator Currently Offline |
Posts: 3 Join Date: Nov 2009 |
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| CHARTnese, a language that most people don't understand.. There's no dictionary for this language... Maybe that's why people have a hard time understanding charts... Charts will speak a clear language once you understand who's behind the language. In order to understand charts you will have to think like THEM.. Who's them? The professionals... I will not get into that right now, but if you day trade you should have at least 3 charts up... I like the 60,15 min and 144 tick... The bigger time frame clears up a lot noise and make me understand the language much better... A lot of day traders think since you day trade you have to look at smaller time frames.. That's far from the truth... Overall I use the 15 min for signals... I use the 60 min to look at the bigger picture if I can't figure out what the 15 min is telling me.. I use the 144 tick for pull backs on certain days.. Once I started to trade from the 15 min my trading change tremendously... Maybe you should to take a look at these time frames and study them everyday.. Its not hard to understand CHARTnese but it takes time... Happy trading all.. | ||
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