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Technical analysis and indicators
- Thread starter farmerjohn1324
- Start date
%This seems impossible to do without staring at charts all day.
Since I have other priorities, I need a stop-loss and take-profit set right away.
End of day is the most important price - by then everyone has voted.I record open price; but IBD charts never records open price. IF i had to chose one price;its the close. As far as an intra-day HI in an up--trending bull market, sure, but thats in an up--trending bull market.
Some times you have to change your mind/plans; i could not cancel an order to day which i seldom do anyway, so i modified it [ a day order] but one tick below month low.LOL ;i was only about 99% sure it would not be filled + fine if it was.......................................................
Yes I aim for 1%.
What percent of your portfolio do you put in each trade?
NT has a built in indicator which creates HL, HH, LL, and LH. So in this case we don't need to draw a "trend line" Instead we can establish for example an upward trend when you get at least 2 HH and HL.
The indicator works in all time frames and all charts.
Many times, I will instead of drawing trend lines, use this indicator with major S and R lines.
%%NT has a built in indicator which creates HL, HH, LL, and LH. So in this case we don't need to draw a "trend line" Instead we can establish for example an upward trend when you get at least 2 HH and HL.
The indicator works in all time frames and all charts.
Many times, I will instead of drawing trend lines, use this indicator with major S and R lines.
That is better than a trend line;
for short term trading. I dont do a great deal of short term trading, so a HH or LL can be useful for an intra=day entry/ exit. Nothing worse than a chart with a confusing number of trend lines.LOL..................................................................................................................