Quote from jimclark:
Wow...sounds like you got hand of it now...Majorursa did a great job explaining.
Now what parameters did you set for your charts? I have only 3 charts with time frames..
just curous what you are using.
Yea, she really helped out. As for my charts, I am really picky about what I want to see, so I've been fighting for some time to get as much information as I need without sacrificing readability.
I mostly use the 3 minute, 1 day intraday chart as my primary window of exiting/entering positions. However, I am consistently going to the 15minute, 10 day intraday chart to look for possible support/resistance that may contribute to the current days action. Finally, i have the 6month daily chart that i check for longer term patterns. Often times i switch this one to 1 year for an even bigger picture. If i really want the complete situation, ill go back a couple years, but only for a glance.
Also, i like to have RSI at 14 on my historical charts, because it gives me a good idea of when a stock is overbought/oversold.
Right now i have the free version of QT, so I have to switch to the fidelity website when i want my 10 day intraday chart. The same thing goes for anything more than 6 months on the historical chart.
I am seriously contemplating either purchasing the full version or populating an Ameritrade account to get it for free. This way i don't have to go outside of the program to get all the data i need. However, if i start paying for it, I still have the problem of IB only giving 5 days of intraday data.
So as of right now I'm living with this small inconvenience in order to keep my bottom line down, but I have my eyes open.
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