Default Settings

CarpeUK

Active member
175 0
All,

Can someone tell me where I can find the default chart settings for the varies indicators that are out there e.g. MACD, Bollinger band, pivot points etc

I am beginnings to understand a little better now about different forms of trading (never read so much in all my life) but as I am unable to set up charts correctly, I am finding it difficult to practice paper trading.

I am not sure what indicators I want to use as yet so I would like to try varies ones out and see which ones I feel comfortable with so the more default chart settings I can get my hands on the better :)

Thanks all
CarpeUK
 

ewilcox

Active member
134 2
you are asking a difficult question because a lot of the "default" settings are dependent on the trading style you are adopting. day traders might use MA of last 5 ticks - swing traders MA of 20-30 days, long term traders however might watch the 200 day MA. give us an idea of the sort of trading you are looking to do and it might be easier to help.
 

CarpeUK

Active member
175 0
ewilcox said:
you are asking a difficult question because a lot of the "default" settings are dependent on the trading style you are adopting. day traders might use MA of last 5 ticks - swing traders MA of 20-30 days, long term traders however might watch the 200 day MA. give us an idea of the sort of trading you are looking to do and it might be easier to help.


eWilcox,

Sorry I did not realise. The trading I am looking towards learning is day trading and future trading the indices e.g. long or short on the NASDAQ 100 sept future.

I am still trying to work out a trading style myself so day trading is where I will start but long term I would like to possibly have trades running over a few days.

Hope this helps
CarpeUK
 

ewilcox

Active member
134 2
no need to appologise!

sounds like you are leaning towards a swing trading style. I've never looked at trading futures so others should advise you there. If however you are trading stocks over a period of a few days then I would start by looking at 20-30 day MA, EMA, RSI and bollinger bands. If you can get your head around all of those you should have some insight as to what the stock may do in the next few days.

HOWEVER if i would note one word of caution as to this approach....there is no such thing as a default setup. Trading any stock requires you to modify your trading style accordingly. For example it would be mad to use the same trading style for vodaphone as for celtic resources (different sectors, market caps, volatitlity, liquidity etc etc).

ew.
 

CarpeUK

Active member
175 0
ewilcox said:
no need to appologise!

sounds like you are leaning towards a swing trading style. I've never looked at trading futures so others should advise you there. If however you are trading stocks over a period of a few days then I would start by looking at 20-30 day MA, EMA, RSI and bollinger bands. If you can get your head around all of those you should have some insight as to what the stock may do in the next few days.

HOWEVER if i would note one word of caution as to this approach....there is no such thing as a default setup. Trading any stock requires you to modify your trading style accordingly. For example it would be mad to use the same trading style for vodaphone as for celtic resources (different sectors, market caps, volatitlity, liquidity etc etc).

ew.

I am not referring to individual stocks on the markets I am referring to trading the indices going up or down so in effect I am referring to SB, for instance if I was trying to learn about the MACD indicator I would need to know how to set the chart up for that specific indicator. Is there a site or anywhere that has chart settings for most indicators on the different indices? e.g. NASDAQ, DJJA, DAX, NIKKIE etc.

Does this make a little more sense?
 
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock