Re: Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders
The interaction of different timeframes is well I need M1 M5 M15 M30 D1 H1 .
Switching these Charts is not well and to open 6 charts for only 1 underlyning I need
10 screens !!!
I will have a look at the clouds maybe I find something usefull in it
.
I learn after years that long timeframes got stronger domination in direction , short
moves are more trivial to analyse than longer .
But for this I found no indicator , I need 3 charts minimum to control :
short term , middle and long .
If we want to use 5 indicators for every timeframe , oh jesus what a chaos that will be!
So I only watch the short term and the middle and long I got printed out on the wall.
For me the clouds are to bizzarr , you maybe come to wrong solutions from that .
So I use Linecharts because they show dynamic , stochastic and force of moves .
Candels are hide the time information and could be interpreded differential .
With bars I could not trade , because I dont like them
The point and figure are nice , the give more information then candles .
Against a fine Linechart nothing is better I will only use this .....
have a nice not cloudy day
piparb.i do agree with you.
the cloud is a guide only.and should not be taken as a positive signal
however,it is great when you are scanning alot of stocks.you can see very quickly what is and or might happen.
however,one thing i do pay attention to is the interaction on different timeframes.ie the trend and possible s/r areas.you just dont have to look hard and do tons of analysis to get the feel.i like this method.it is a lazy man"s method.more time for me in the pub !!
as you know,if it worked perfectly,we would all be billionaires
