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Strategies & Market Trends : DAYTRADING Fundamentals

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To: KymarFye who wrote (15075)1/30/2002 9:18:36 PM
From: MechanicalMethod  Read Replies (1) of 18137
 
Kymar,

Paint shop pro is about $80 or $100 dollars. I've never used photo shop but think it's up there in the same class of programs. I like PSP because I can zoom in on a chart using the mouse wheel and if it gets too big for the screen I can drag the picture to get back to where I'm studying. To zoom out scroll the wheel again. To crop select a tool and drag to highlight an area, then select crop to image. I'll often select a portion and by using any number of ways from copying, mirroring, flipping upside down, whatever, it creates a duplicate I can drag around the chart and use as a ruler to compare the measurement of one part of a pricebar to another part of another pricebar... or the length of a an upswing to another part of the chart.

It's easy to write notes on the chart, draw lines. There's a clone brush that will smooth the edges of a cut n paste where you're trying to remove something from an image and have pasted a block that almost matches but not quite, this touches up the edges. If you zoom anywhere near the maximum pixel size you can do pretty much anything you want.

You'd probably be surprised at how many of the tools it has are applicable to studying other peoples charts. Particularly when I only want 1 aspect of it saved because it highlights something I'm focusing on. I'll paste black background back over the notes they had and write my own notes. If I'm modeling something and there's moving avg in the chart I can literally remove it although it takes a bit of excessive effort sometimes it's just the right simplification needed to get the focus back to whatever originally caught my attention on the chart. Simplification like this always brings out the finer points in the details I'm focusing on.

Of course if it's my own charts I'm working with I do all the zooming in on the model within TS and write the notes there and add anything else it needs but after I snap the gif I often think of something else and it's easily done in PSP but I've been using it for years and it's loaded with toolbars and commands that take awhile to learn your way around. There's somethings aboutit like changing the text color I still have difficulty with sometimes and can't ever seem to remember the correct key sequences and mouse clicks for but overall I wouldn't trade it for anything else. If I were starting over without already knowing PSP I'd probably get Photo Shop instead but I won't be switching now because of the learning curve involved just to get back to where I am, so there wouldn't be anything gained. BTW, I think my last upgrade was $79? The cost for it new might be over $100 but I doubt by much... that's PSP. Photoshop is considerably higher.

What I like best is when working with other peoples charts I can cut the dateline and paste it thus removing the indicator panes that might not be of any value to me. yeah I get a little obsessive about it but the result is I have a chart I can save that has exactly what I need on it and no more. I'll ususally enlarge the canvas size and paste their notes along with my comments in the same gif file... as tight and compact as I can get it without any extraneous info. Sometimes it makes the difference between me grasping the nature of something verses struggling with all the clutter and never getting the essence of what attracted me to it in the first place.

MM
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