• Trading inconsistently — If you are confusing yourself by focusing on many different time frames and not focusing on
the daily charts as your main time frame, you are very likely getting inconsistent trading results, at best.
Not focusing on
the daily charts as your primary technical analysis time frame usually leads to confusion, indecision, and ultimately fear.
Before we get started, keep in mind that all the examples in today's article are from daily charts, I recommend all traders focus on
daily charts as their core «anchor» chart, and beginning traders should exclusively focus on the dailies until they have gained a firm grasp of my price action trading strategies.
Wait for Bandwidth to reach its lowest in 120 - period (John Bollinger mentioned 6 months, but I used 120 - period on
daily charts as an approximate)
Really appreciate your articals, I am now only trading
daily charts as you suggest which is changing the game for the better.
i am a newbie to your price action style of trading and
daily charts as you stated are working best for me.
We'll start by taking a look at
the daily chart as it appeared prior to our March 12 buy entry: A tight consolidation near the highs, holding above the 20 - day -LSB-...]
I prefer inside bars with the daily chart trend and on
the daily chart as discussed above.
Yer, when i need to I will goto the 4 hour chart, but rarely, I love to trade just
daily chart as much as possible.
Think of
the daily chart as a sort of natural «filter» for bad trade entries, since it filters out the noise and irrelevancy of the lower time frame price movement and as a result, the signals on the daily chart are more reliable.
Not exact matches
The
Daily Mirror joined the discussion by publishing this
chart about fracas, which ranks the incident
as more serious than a tussle or a clash, but still not
as bad
as a brawl.
There has been a wide range of returns in the three - and 12 - month periods following
daily closes of the VIX below 14,
as the
chart above shows.
Members can also gain access to new in - depth reports, hundreds of
charts,
as well
as daily newsletters on the digital industry.
As the above
daily chart confirms, the ETF now appears ready to breakout above this extended range.
For starters, take a look at the annotated
daily chart of $ EPU below, which highlights our exact buy entry point,
as well
as our current target price on the $ EPU:
Another Southeast Asian ETF looking great is iShares MSCI Indonesia Fund ($ EIDO), which has formed a tight - ranged base while holding the rising 10 - week moving average (roughly the same
as the 50 - day moving average on the
daily chart), indicating that the price action is very tight.
Nearly the same
as a 50 - day MA (on a
daily chart), the 10 - week MA does a stellar job of showing you the intermediate - term trend in relation to the longer - term trend of a weekly
chart.
Below is the
daily chart of SolarCity ($ SCTY), which I bought in The Wagner Daily newsletter on December 19 (still long as of January 10, with an unrealized price gain of 2
daily chart of SolarCity ($ SCTY), which I bought in The Wagner
Daily newsletter on December 19 (still long as of January 10, with an unrealized price gain of 2
Daily newsletter on December 19 (still long
as of January 10, with an unrealized price gain of 26 %):
As shown on the
daily chart below, notice that EWH has been neatly holding near - term support of its 20 - day exponential moving average, and is now poised for a breakout to a fresh 52 - week high:
On the weekly
chart of $ FXI below, notice the price has just clipped intermediate - term support of its 10 - week moving average, which is basically the same
as the 50 - day moving average on a
daily chart: The -LSB-...]
price action closed well off the intraday lows), yesterday's (January 24) price action closed near the low of the day,
as shown on the
daily chart of the Nasdaq Composite Index below:
Based on the weekly and
daily chart patterns above, we have officially added $ IBB to our watchlist
as a potential swing trade setup on the short side.
On the
daily chart below, notice how perfectly the 50 - day moving average (teal line) has been acting
as resistance:
I have been recommending a bullish position from the 5370 level & if you took the trade, the stop loss has been raised to 5282
as the
chart structure will also start to improve on a
daily basis starting next week, therefore, lowering the monetary risk.
Although the
daily chart has always been pivotal for locating low - risk buy setups, my extreme focus on that single time frame was causing me to ignore the power of confirmation from longer time frames (such
as weekly and monthly
charts).
The
daily chart also gives us a view that suggests that XRP was likely to close (
as at 5 March) above $ 1.04329 (descending trend - line resistance on the
daily chart), signaling a bullish breakout on the
charts.
Why burn yourself out trying to trade during intraday moves, when clearly a
Daily Bar of Candle has «24 times» the information embodied in it
as a hourly
chart.
As the
daily chart below illustrates, the price action of IOC was holding above its 20 - day exponential moving average (the beige line), in a narrow range, for the preceding three weeks.
You truly are bang on with respect to simplifying your forex trading,
as well
as really focusing on the
daily and 4 hour
charts to make your trading decisions.
# 1 Breakout from Downtrend Channel:
As you can see from the
daily chart of PZZA below, the stock was within a short - term downtrend channel for the past year.
I must admit I do have a weakness for MacD, and stochastics, but all these things have not helped me in being consistent,
as well
as having a penchant for dwelling on the lower timeframes (even though I do a proper top down analysis starting with the
daily chart).
The
daily chart of $ AMD below shows the bull flag pattern that enabled us to list the stock as a Wagner Daily buy s
daily chart of $ AMD below shows the bull flag pattern that enabled us to list the stock
as a Wagner
Daily buy s
Daily buy setup:
On the
daily chart, the 200 - day SMA is somewhere in that area
as well,
However, the pair slumped later in the day by plummeting over 70 pips to a
daily low located at 1.3057,
as shown on the
chart below.
On a
daily basis, down markets may occur
as often
as up markets (see
chart).
As someone has mentioned most of your S / R lines are on the
Daily charts but would that change on the 4Hour
charts or do we start again on them.
Yet,
as the
daily chart shows, Gold needs to make a stand at present levels.
Below is a snapshot of the
daily chart pattern
as it looked the day before our swing trade buy entry:
As evidenced by the
daily charts of QQQ and SPY above, both of these ETFs, and by extension the broad market, have a considerable number of both near - term support and resistance levels.
Notice on the
daily chart below, a pin bar reversal buy signal formed today
as buyers came back into the market following the brief pull back that took place over the last six days.
The following
daily chart of Powershares Nasdaq Trust ($ QQQ),
as an ETF proxy for the Nasdaq 100 Index, shows that the price action in this ETF has been contained by a relatively tight ascending trend channel (annotated by the red lines) since forming its «swing low» support level on June 4.
# 1 Falling Wedge Pattern:
As you can see from the
daily chart, SAGE has been trading within a falling wedge pattern during the past few months.
As you can see below, the
daily chart of $ EWT shows the bullish basing action that has formed since the 50 - day moving average (50 - MA) crossed back above the 200 - day moving average in September.
As we see it, on the
daily chart the 1,270 level needs to be overcome in order to open the way for a test of 1,300.
As swing traders, we base most of our detailed entry and exit points on the
daily chart patterns, but we always assess the longer - term weekly
chart patterns to look for confirmation of trend.
These
charts serve
as a sort of to - do list for
daily, weekly or even monthly... more
Today's excellent -
as - always
Daily 202 includes an illustration of how a single influential person can shift the online discussion: «The
chart below [Ed.
In this
chart showing a subset of the data on how long primates sleep, humans stand out
as snoozing the fewest hours
daily, on average.
The patients were followed for more than three years, and half of them were able to read three more lines on the eye
chart, which translated to critical improvements in their
daily lives
as well.
The
charts are used
as daily guides for weight loss or weight maintenance.