With price action
using daily charts this information is really not as important as all your previous teachings.
Time is the one commodity we all have the same amount of so if we can make the same money
using the daily charts then why would we use minute charts?
If you're
using the daily charts and trading more than 12 times per month, there's a good chance you're overtrading.
On that date I decided to become a Nial «turtle» by taking seriously the daily comments and reading the forum, and only
using the daily charts.
On this trade
I used the daily chart, or anchor chart, to mark the important horizontal levels, I then zoomed into the hourly chart and found a price action entry, and I set up the stop loss and a take profit order of 3 to 1.
Let's learn by example
using the daily chart of Walmart (WMT).
I think, especially last few months is very hard for everyone trade intraday because of confuse and very volatile movements of the market and is necessary to
use daily charts.
We are
using the daily chart of the United Technologies Corporation (UTX) for our trend line practice.
For instance:
using the daily chart should I aim at much larger TP targets (as compared to those in day TRADING) and obviously expect to wait lengthy periods of time (4 days?
Happy anniversary to LTTTM, I agree that Price action in daily chart or longer chart is the most important thing to learn if we want to win as traders, because I've try to scalp with many indicators and robots and proved that none of that works, I was affraid to
use daily chart because I tought that I have to use large stoploss would made me lost much if I lost, but now I now that scalping is the fastest way to blow my account.
Not exact matches
@Gordon — We
use 10 and 40 week MAs on weekly
charts, and 50 and 200ma on
daily charts.
Using supplemental Fibonacci retracement levels, the
daily chart of the Nasdaq Composite below clearly summarizes all this:
In addition to scanning hundreds of
daily ETF
chart patterns every night, we also
use percentage change
charts to compare the performance of numerous industry sectors with the benchmark S&P 500 and / or Nasdaq Composite indices.
Traders who are planning on being members of my trading community need to have the correct NY close 5 - day
charts since my price action strategies are focused around the
daily charts and all my members
use the correct NY close
charting platform.
If you are looking at a
daily chart, your
charting software will calculate the moving average
using daily price data.
While the quarterly
chart gives us a view of the big picture of how gold has acted in the past, the
daily chart shows you how to
use the Trade Triangles.
Using daily and monthly gold prices in U.S. dollars during January 1970 through August 2012 (see the
chart below), they find that: Keep Reading
Note that this Scotiabank
chart (via The
Daily Shot) is a bit misleading
using the ISM data for the U.S. and Markit data for the ROW.
This is marked
using pink dotted lines in the
daily chart.
It is important to
use multiple time frames when doing your
daily research and technical analysis of potential stock and ETF trades because there are times when one
chart timeframe indicates a completely different technical situation than another timeframe.
Using daily closes for the two series during January 1998 through most of November 2015 (see the
chart below), they find that: Keep Reading
I have to pay attention again to see if you would help me better to understand just simple
charts with list and break down which best
use for face, lip, frying, banana bread, mouth oil pulling from time to time or must
daily or what?
She established
daily routines so her children would know what to expect, and she began
using reward
charts to recognize positive behaviors.
They also have some really nice
charts for chores,
daily tasks etc that I love to
use.
Create a
daily and weekly flow for household duties and
use a
daily routine
chart to keep expectations clear.
IPSRT helps children and teens work on improving their relationships and managing their
daily routines by
using charts.
The
charts are
used as
daily guides for weight loss or weight maintenance.
The following
charts, which you can print out for
daily use, are very useful
daily guides for low carb fruits and vegetables: Low Carb Vegetables Low Carb Fruits
Calories in Vegetables: In these sections of our website are free
charts for the calories in fruits and vegetables Print the
charts and
use them as
daily guides for natural weight loss that will last.
Help your low level ESL learners talk about their
daily routine
using a simple and clear speaking
chart.
You can
use these
charts to keep track of scores on
Daily Lessons, Homework, and Tests.
When I enter a classroom that's not mine, I don't know what anchor
charts they have, what things they might already know and
use daily in their Writer's Workshop.
I test I've been doing (and
charting daily) is to
use keywords on the product pages to hit the tops of ranking lists (even before selling any copies) because I feel discoverability is all in having your book show up in those top 20 books when keywords are searched.
-LSB-...] In 2010, I
used Kindle Nation
Daily to promote Pentecost and it shot me up the
charts.
This means, looking only at the
daily chart for a while, not
using your phone to trade and only analyzing the
charts a couple of times per day for 20 to 30 minutes each.
This makes only 5
daily bars appear per week, and you will have yoru signals looking like the
charts we
use.
You might then benefit from a longer period moving average on your
daily chart, than if you
used the same setup on a 1 - minute
chart.
I have hitherto traded H4, H1,
using some indicators to confirm my trades, and
using Weekly and
Daily charts for major trends (this improved my win rate significantly) and
using M5 and M1 to find entry points.
There are so many opportunities on the 4 hour and
daily charts that concentrating your mental energy on lower time frames is simply an inefficient and ineffective
use of time.
In this video I discuss price action on the EURUSD
daily chart, I keep my
charts very simple, a moving average is the only indicator I
use, I believe that price action and modern day technical price analysis is what makes serious money in the forex market.
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)
The close price is usually
used due to its significance on
daily charts.
Technical trading patterns should be
used on
daily, weekly and monthly time frames: A head and shoulders pattern on an intraday five minute
chart does not carry the same weight as a head and shoulders pattern on a weekly
chart.
Btw may I ask 1 question, in your Pinbar example with the
Daily Charts you just
using only EMA 21 By Close, where is the EMA 8 by Close?
Using Trend, Level and Signal in
daily charts make me win 3 trades in the row and it allow me naturally to trade like sniper, it works.
Since I've been reading your articles my trading approach changed completely especially watching
daily chart (I
use to be
daily traider).
I no longer have the fear that i
used to have when entering a position, Just a combination of the
daily chart, with clear resistance and support lines, plus a trend line, lets me know quickly if there is a trade here.
Inside bars can be
used when trading a trend on the 240 minute
charts or the
daily forex
charts, but I personally prefer to trade inside bars on the
daily charts and I recommend all beginning traders should stick to the
daily charts until they have fully mastered and found consistent success with the inside bar setup on that time frame.
Inside bars can be
used when trading a trend on the 4 hour
charts or the
daily charts, but I personally prefer to trade inside bars on the
daily charts and I recommend all beginning traders stick to the
daily charts and until they have fully mastered and found consistent success with the inside bar setup on that time frame.
Gaps are characteristic of
daily charts that swing traders
use.