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So I take it all patterns and trend lines are equally effective regardless of the time frame?

well said

Thanks for providing specifics, it helps a lot.

So who needs real time data or streaming charts? Is there somewhere I could get daily or weekly charts on NQ? My plan is to print out a couple days or weeks worth and draw my conclusions, then i can look at the next ones to see what happened. I've googled but i swear its like its a big secret...

haha highs connected to lows= lots of trend lines. Thanks all for the input, just wanted to make sure i wasnt missing anything.

I understand, and I don't doubt you. However I think if i posted a chart for ITNC that was in 3 month increments going back 5 years, wouldn't you draw different trendlines and different patterns than you would if the stock was in hourly increment going back 1 day?

Haha I get you...kind of like the "girl with large breasts...girl with medium breast" scene in the movie Armageddon. Just talking out of my ass here but its kind of interesting because in thinking about it if human beings lived for 1000 years we would still be in a raging bull market judging by...

Thanks for the links.

I'm reading about finding patterns: head and shoulders, double tops and bottoms, ascending and descending triangles, etc etc Can these patterns be applied to ALL time frames? If so cant one security be trending, reversing, and have all sorts of different patterns at the same time? Am I...

lol ET is a brutal place. So could we deduce from the doji that it probably wont go UP?

:confused: :confused: :confused: :confused: is what I have to say about that. Anyone who spends more than 10 minutes reading posts on ET about new traders hears nothing but how difficult it is. I dont recall ever seeing one post that gave me any kind of "illusions of wealth" EVER. In fact, a lot...

A couple reasons, none of which are set in stone. I plan to trade it exclusively b/c as far as daytrading goes, i'm not sure why anyone would want to trade 50 different securities...seems like a better idea to get to know one really well especially in futures when the profit and loss potential...

I'm very much interested in this thread, since whenever I do start trading I plan to trade NQ exclusively.

You have an odd sense of humor :confused: haha

Its called branding. People dont just go to sbux for coffee, they go for the whole experience and the coffee. I'm sure if you take a look at yourself honestly you will find some way that you do the exact same thing. Gas prices are annoying for a couple reasons: Almost everybody needs it...

A huge majority of traders arent successful. So maybe you will know its a good strategy if hardly anybody says it is.

Yes but DID YOU? That's what matters.

You don't even know. One time I started a thread with a grammatical error in it. The shit storm that followed surprised even me. I think it has to do with the fact that the VAST majority of traders lose money...and yea theyre all here lol.

I checked those out, one you have to have windows and one just doesnt work that well, but it IS free. Im resigned to having to pay for a service so now Im looking for the cheapest one. I dont need level 2, just streaming charts ( pref real time but it doesnt have to be). I found this from...

ahh thank you. should have went to cme first.