Sarting at the top of my charts is the PPO ( Percentage Price Oscilator ). Below that is the candlestick charts with the moving average lines. Just below that is the CMF ( Chalking Money Flow ) a favorite of mine. The chart below that is the 3 year chart with the same indicators.
Black candlesticks stick out and as I posted earlier it was an indicator as we are seeing a correction from it.
I watch the overseas trading on another site, trading which is sperate of our trading hours in the USA. It provides graph lines indicating up or down direction with buying and selling. Also can indicate where our market might open at.
I also look at sharpcharts workbench weekly chart 3 years and daily chart 6 months with other indicators. Often times I will also use other charts like yahoo to put in different technicals. In my opinion one should always study them all before making purchases of any product or stock. Consider the political arena and the dollar index. It`s not perfect but may provide an edge on successfull trades. I leave the daytrading to the professionals. My preference is longer swing trades because I am not at the computer when at work and daytrading can be tricky. You have to stay on top of it and have a system that many have difficulty with.
I do watch the bollinger bands but they only indicate a small trading range. My goal is swing trades of minimum 1 day to a week unless indicators keep pointing positive to the upside.
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