Underexposed Technical Analysis Message Board

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Strategies & Market Trends : Underexposed Technical Analysis

AQN 5.780

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1:32 PM EST

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To: Underexposed who wrote (550)	9/19/2019 2:05:39 AM
From: Underexposed	of 914

OK so this is how I would handle an intra-day 5 min chart for GUSH.... this happens to be after hour. On Big Charts I am forced to use their parameters for indicators... I have another charting service that would be better because I know I could change to my parameters there... but this is quick and I think my long term parameters may not work as well.... it would take a bit of testing to make sure....however this will show you my approach to this type of trading It looks similar to my Trigger chart except the parameters are wrong and I don't have access to a BBwidth indicator With this chart I would use 2 days since that would lead me into the next day.. Now I probably would miss the $0.15 gain in that first circle on the left... BUT perhaps I might if I was looking for it..... I don't like the signal line (9 unit EMA) in daily charts of MACD.... because in 8 hours that average could vary all over the place... you are cherry picking one price to make that signal of a day of data... it is useless as far as I am concerned. However, look at it in that circle... the Signal line crossing the MACD line is a definite buy signal Paired with the Slow Sto at the same time confirms that buy. Now if you waited for that MACD signal line to recross the MACD you would have lost that gain.... but the Slow Sto gave a nice signal to sell... first dotted line.( a gain of $0.23) The next pairing of Slow Sto to give a buy signal would be at the next dashed green line... the sell signal is the red dashed line... A small gain of $0.05 I would probably miss those gains though with practice I think I would get them using MACD and Slow sto... the RSI appears to be of less use... I would not use it. What would interest me would be the lead up to the end of day or time period in this case. In the main chart see how the share price is tracking a rising upper Bollie? See how it is high above the 20daySMA (middle line)? See how the Slow Sto is rising to 80? See the blue MACD signal line above the MACD line? All that indicates a major movement in price is coming soon... and I would camp on the chart looking for that major rise. I would probably have at least 5 windows each with a different stock and watch for situations like this so I was not staring at only one stock. Notice...not one of my indicators are based on volume. Anyway, That is how I would do an intra-day chart.... I don't like intra day though.... too much paperwork... though in a tax free account that would be no problem if you could get a tax free account to do intra-day trading in (tax free accounts don't allow margin... so your sales are tied up for 5 days before you could use them again) .... that might be a problem... but also it is purely too stressful and a lot of work in a day for relatively small gains IMHO I hope you see how I would modify my charts to trade intra-day. UE

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