Hi Boots,
I don't know what you mean. You use them. One has to remember that we are now in a fast market. Folks are in an out in a day or a week. They are taking marginal profits. No body wants to hang around. So you have to change your settings to reflex that. I primarily trade an invest in BBs. I do, do chips once in awhile. Only the real homies. Like MOT.;-)))))))))
What I will tell you is this, you can't use the program by itself. You need to use it with the intra day trading an the level two window. If you are trading BBs then you need to go an look at the big board. Remember, the program is history. Everything you see is was has happend, not what is about to happen. That is where the big board comes in. That tells you what is about to happen. Current events is another snake that you have to watch. It will bite you an then all your programs mean nothing unless you have a history or what the stock does when certain news comes out.
What I do find is that the indicators that I gave you are the most reliable. The way you stack them on your screen does help. Gives you a more organized picture. In other words, if you have it stacked right, you can see it at a glance as to just what is happening. It is sorta like a snap shot. A flash.;-)))))) It has taken me awhile to find out just what indicators clue you in to what is going to happen. I am still looking an learning. Looking for that first indication as to what is going to happen. You just have to get the right combination of indicators.
Now one has to remember, it is all up to the reader. Everyone reads the charts differently. Some want to hunt out every chart until they get one that meets their approval. Thats not what the program is about. You have a program because it is unbias, non partial, honest. You want real data, not your want of where you think it will go to justify you buying it or selling it. You want clean information. Then you have to learn to trust it. That is the hardest thing to do. That is where discipline comes in. That is something that we all have to work on.;-))))))))))
So I don't know if this post is answering your questions, if not then please elaborate an I will try to answer them. Until then, good luck.
Later,
Ron |
