yeah I have I guess one above that, I have one workspace that
has 8 charts - but again for that requires massive monitors or
spanning across monitors- probably 4 enough for most and they
could simply have multiple tabs
Even though I have the monitor space for it, I can't gain
anything by looking at 8 charts at a time anyway. I have no
idea how you do it. It's just too distracting for me.
there's a system I have where I took at multiple time frames and
observer the MA ribbon pinch on one time frame, then look for a
trigger via the cycle indicator on a lower time frame typically 3
to 5 times lower - so if I'm seeing the setup on a 15 min chart,
I'll look for a cycle trigger on a 3 or 5 min chart. If the MA
pinch is on a 2hr, then I may look for the cycle confirmation on a
30 or 15 min - so that's why I have those - because I need to be
able to look across time frames for triggers. Plus I'll observe the
patterns on higher time frames or see where support/resistance
where price may run into it from a trigger on a smaller time frame.
but otherwise yeah 8 can be a bit much - 3 or 4 is a good
median
an example: here's a daily chart of SPY - note the MA ribbon
flipped to a bullish configuration just recently and you got a
pullback in price that resulted in the first pinch.
The BPT MA was pinching into the ribbon back there in January
where it was red for 2/3 bars. When I see that, I'll look
typically 3 to 5 time frames lower for a corresponding trigger on
my cycle indicator - the chart on the right is a 78 min chart,
which there are five 78 min bars in a day - notice how at that
exact point you had a support buy cycle show up and then a Demark
9, the Demark wasn't important but was nice confirmation, what
mattered is price finding support at that cycle so that's my
trigger to go long with a stop below it.
of course on the daily you had a MACD KISS/Stoch long setup so
you could have triggered off that, but if you didn't have that the
78 min cycle support was my trigger.
anyway that's an example of a setup I look for. Same for shorts,
just inverse with BPT MA pinching into the ribbon on the underside
and a sell resistance cycle on the lower time time.
this shows a daily and a 78 min chart, but again, I might see
the setup on a 2hr and 15 min, or a 5 min and a 1 or 2 min, or a 15
min and a 3 or 5 min for the cycle trigger etc
I'm pretty sure I understand what you do...just don't have any
idea how you can do what you do. I'd be paralyzed by
analysis. Most often I only look at 2 timeframes
I find it useful to view 6 time frames: 15, 30 minutes for
short-term or day trading, 1, 4-hour, 1 day, 1 week for swing
trading and position trading. A recommendation for day trading is
5-minute charts. Higher time frames give information on the trend,
while lower time frames suggest development of that trend through
fractal analysis.
Certainly. I look at them, just not one screen at the same
time like Matt does. I review higher timeframes and make some
marks on my daytrading timeframes. But when I'm actually
daytrading futures, I generally only have 5 and 10 or 15 minute
charts open.
again I need to spend some time and consolidate all those charts
into a webpage like I did for the indicators so that you have them
all in one spot. One option would be to wait for me to do that -
maybe this week or weekend
Matt what version do you
GDX
Posted by RP on 29th of Mar 2023 at 05:37 pm
Matt what version do you have to subscribe to to get your charts as they are set up ? They have like a pro etc etc
Pro gives you 2 charts
Posted by mugsy on 29th of Mar 2023 at 05:41 pm
Pro gives you 2 charts per screen, Pro+ lets you have 4. Most of Matt's links are 2 charts, but he posts some with 4.
Thank you !
Posted by RP on 29th of Mar 2023 at 05:47 pm
Thank you !
yeah I have I guess
Posted by matt on 29th of Mar 2023 at 05:43 pm
yeah I have I guess one above that, I have one workspace that has 8 charts - but again for that requires massive monitors or spanning across monitors- probably 4 enough for most and they could simply have multiple tabs
Even though I have the
Posted by mugsy on 29th of Mar 2023 at 05:44 pm
Even though I have the monitor space for it, I can't gain anything by looking at 8 charts at a time anyway. I have no idea how you do it. It's just too distracting for me.
there's a system I have
Posted by matt on 29th of Mar 2023 at 05:50 pm
there's a system I have where I took at multiple time frames and observer the MA ribbon pinch on one time frame, then look for a trigger via the cycle indicator on a lower time frame typically 3 to 5 times lower - so if I'm seeing the setup on a 15 min chart, I'll look for a cycle trigger on a 3 or 5 min chart. If the MA pinch is on a 2hr, then I may look for the cycle confirmation on a 30 or 15 min - so that's why I have those - because I need to be able to look across time frames for triggers. Plus I'll observe the patterns on higher time frames or see where support/resistance where price may run into it from a trigger on a smaller time frame. but otherwise yeah 8 can be a bit much - 3 or 4 is a good median
I'll go over this in a Zoom webinar sometime
an example: here's a daily
Posted by matt on 29th of Mar 2023 at 06:01 pm
an example: here's a daily chart of SPY - note the MA ribbon flipped to a bullish configuration just recently and you got a pullback in price that resulted in the first pinch.
The BPT MA was pinching into the ribbon back there in January where it was red for 2/3 bars. When I see that, I'll look typically 3 to 5 time frames lower for a corresponding trigger on my cycle indicator - the chart on the right is a 78 min chart, which there are five 78 min bars in a day - notice how at that exact point you had a support buy cycle show up and then a Demark 9, the Demark wasn't important but was nice confirmation, what mattered is price finding support at that cycle so that's my trigger to go long with a stop below it.
of course on the daily you had a MACD KISS/Stoch long setup so you could have triggered off that, but if you didn't have that the 78 min cycle support was my trigger.
anyway that's an example of a setup I look for. Same for shorts, just inverse with BPT MA pinching into the ribbon on the underside and a sell resistance cycle on the lower time time.
this shows a daily and a 78 min chart, but again, I might see the setup on a 2hr and 15 min, or a 5 min and a 1 or 2 min, or a 15 min and a 3 or 5 min for the cycle trigger etc
I'm pretty sure I understand
Posted by mugsy on 29th of Mar 2023 at 05:52 pm
I'm pretty sure I understand what you do...just don't have any idea how you can do what you do. I'd be paralyzed by analysis. Most often I only look at 2 timeframes
I find it useful to
Posted by junkie on 29th of Mar 2023 at 06:21 pm
I find it useful to view 6 time frames: 15, 30 minutes for short-term or day trading, 1, 4-hour, 1 day, 1 week for swing trading and position trading. A recommendation for day trading is 5-minute charts. Higher time frames give information on the trend, while lower time frames suggest development of that trend through fractal analysis.
Certainly. I look at them,
Posted by mugsy on 29th of Mar 2023 at 06:42 pm
Certainly. I look at them, just not one screen at the same time like Matt does. I review higher timeframes and make some marks on my daytrading timeframes. But when I'm actually daytrading futures, I generally only have 5 and 10 or 15 minute charts open.
I think it's at least
Posted by matt on 29th of Mar 2023 at 05:38 pm
I think it's at least Pro.
again I need to spend some time and consolidate all those charts into a webpage like I did for the indicators so that you have them all in one spot. One option would be to wait for me to do that - maybe this week or weekend
https://breakpointtrades.com/market_analysis/legacy/?nl_id=3995
Well you are on to
Posted by RP on 29th of Mar 2023 at 05:41 pm
Well you are on to some good stuff i like systems ...i do like to trade around gold stks and miners etc as well. Thx