Charts...i run 2 27 sec charts on NQ. one with simple MA lines
and one without. Same with 15 mn. Amaznin what ur eye sees with and
without and i c different things
Posted by DigiNomad on 5th of Apr 2024 at 05:09 pm
27 seconds? Seems kinda random? But amazing what people come up
with for edge. Anyway, I completely know what you mean. This
is my scalping setup (10 sec and 2 min with a 21 EMA) and I have a
more basic chart that I look at often. The bands on the 2m
are session VWAPS. I go back and forth using them, but you can see
price reacting off of them quite nicely at times (almost like magic
today).
Posted by mastermind on 5th of Apr 2024 at 05:41 pm
Man, my short term chart is 10 minutes. I don't have the time or
the desire to try to react in the second range. But I rarely if
ever buy and sell the same day. I am still a working man.
Posted by DigiNomad on 5th of Apr 2024 at 07:11 pm
Yeah, you obviously have to be mostly a full time trader to use
second or tick charts. SMB capital, who I follow a lot,
always says "if you're having issues getting into a groove on
longer time frames, switch to shorter time frames. The most edge
exists when scalping." Makes sense to me. When scalping,
you're typically only aiming to capture a move from 1 level to the
next and there aren't a bunch of fractals beneath your timeframe.
With swing and position trading, you have to be right on so many
more fractals and make it through multiple levels to "win."
That said, from what I gather from Market Wizards, TraderLion
interviews, etc, the vast majority of the best of the best traders
are swing traders. There are some exceptions. I just think scalping
is the "easy button" to either develop confidence or get your
confidence back. Not that it's easy...but it can be
easier.
YEa thats nice Digi...i will load that and c. thanks! Random.
dog birthday was 26th, son 26th wife 28th split in the middle for
27. works using compressions of 28 19 11 5 emas. i look for bends
on the 5 too. pretty amazing how they tgt the 5 bend on reversals.
other patterns of course. use a 9 ema and 21 sma on 15mn and
larger. crosses are tgts sometimes.
Charts...i run 2 27 sec
NVDA - Long term look... wouldn't mind a little more ...
Posted by breakout on 5th of Apr 2024 at 05:03 pm
Charts...i run 2 27 sec charts on NQ. one with simple MA lines and one without. Same with 15 mn. Amaznin what ur eye sees with and without and i c different things
27 seconds? Seems kinda random?
Posted by DigiNomad on 5th of Apr 2024 at 05:09 pm
27 seconds? Seems kinda random? But amazing what people come up with for edge. Anyway, I completely know what you mean. This is my scalping setup (10 sec and 2 min with a 21 EMA) and I have a more basic chart that I look at often. The bands on the 2m are session VWAPS. I go back and forth using them, but you can see price reacting off of them quite nicely at times (almost like magic today).
Man, my short term chart
Posted by mastermind on 5th of Apr 2024 at 05:41 pm
Man, my short term chart is 10 minutes. I don't have the time or the desire to try to react in the second range. But I rarely if ever buy and sell the same day. I am still a working man.
Yeah, you obviously have to
Posted by DigiNomad on 5th of Apr 2024 at 07:11 pm
Yeah, you obviously have to be mostly a full time trader to use second or tick charts. SMB capital, who I follow a lot, always says "if you're having issues getting into a groove on longer time frames, switch to shorter time frames. The most edge exists when scalping." Makes sense to me. When scalping, you're typically only aiming to capture a move from 1 level to the next and there aren't a bunch of fractals beneath your timeframe. With swing and position trading, you have to be right on so many more fractals and make it through multiple levels to "win."
That said, from what I gather from Market Wizards, TraderLion interviews, etc, the vast majority of the best of the best traders are swing traders. There are some exceptions. I just think scalping is the "easy button" to either develop confidence or get your confidence back. Not that it's easy...but it can be easier.
YEa thats nice Digi...i will
Posted by breakout on 5th of Apr 2024 at 05:18 pm
YEa thats nice Digi...i will load that and c. thanks! Random. dog birthday was 26th, son 26th wife 28th split in the middle for 27. works using compressions of 28 19 11 5 emas. i look for bends on the 5 too. pretty amazing how they tgt the 5 bend on reversals. other patterns of course. use a 9 ema and 21 sma on 15mn and larger. crosses are tgts sometimes.
Awesome. Thanks for the detail!
Posted by DigiNomad on 5th of Apr 2024 at 05:20 pm
Awesome. Thanks for the detail! I'm copying this down to study. Dog bday was not on the bingo card for today - didn't see that one coming
Have 4 dogs we just
Posted by breakout on 5th of Apr 2024 at 05:32 pm
Have 4 dogs we just used the oldest..........heheehehe. Have a wonderful weekend Digi!!!