VFC could look better, but im wondering if such a strong down bar should be ignored. I would rather just get into it to make sure i watch its price action. Two of my oscillators were very close and im thinking were kept from looking really good because of the really good bar. The trade is questionable but i still want to see what it does since i dont have that good of an idea on what my stocks would do if i use all time frames correctly but have a couple oscillators very close but not perfect.
i really liked looking for reversals using MA's as support, but from the way i like to scan and the time frames i like to use, its nearly impossible. Im thinking using MA's as support is good for daytraders who might sit there and wait for price to come back in the same time frame they trade in for a short price burst. Not only is it too tedious for me to draw an LTF MA on a MTF chart, but that setup was hard for me to find and i seemed to miss moves in the charts i was already watching. I was thinking about also using TL's as S/R but now im going to FOCUS on using TL's as S/R because they are easy to draw and i can get into much bigger moves. Bigger moves and easier research.
No comments:
Post a Comment