- maybe we simply chop around here till the FED?Quote from Picaso:
I used Finviz for a while, quite nice IMO, but I decided I needed to cut down on all the stuff I was watching and reading, which, while helpful during the learning stage, were slowing down my decision process to a halt.
In ToS you also have plenty of tools to see the overall "health" of the market (heatmaps, etc.), but now I simply take a quick look at the TWS page I posted.
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However, I'm still trying to figure out today
those are 3 things to watch,and the nicknames are easier and self explanatory,the areas when being approached can be thought of as magnets ,often but not always reached,the widest nips can be thought of as supp/res,a ledge is often a spot where a large buy or sell order sat and stalled the market,so at one time it was temp s/r,there should be some leftover longs or shorts there willing to break even so the mrkt could temporarily stop there possibly reverse...mrkts rise till they find sellers,drop til they find buyers,mp is just a map showing where the price most often happened,showing where there might be those sellers/buyers the market is looking for..some also chart volume
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