i think i will also look into requiring stochastics and histogram divergences. this would bring my total requirements that i would want to appear on my MTF chart to 9.

9 signs

LTF 20/50MA
bar signal
TL/pattern is S/R
fibonacci
volume
overbought/oversold stochastics
stochastics divergence
near new high histogram
histogram divergence

/NKD stopped out

Felt like a wierd trade. a couple requirements i used were not that great...MTF MA's were not that far apart, long doji reversal bar was kinda small, friday afternoon so volume was near non-existant, fibonacci 66% was kinda far away. WhY diD I GeT iN??? i guess i just wanted some kind of practice.

/ES stopped out

My MTF looked great, but i got stopped out a little after. i realized my LTF stochastics werent as oversold as i want....but then i realized i should be using a cross in stochastics instead of overbought/oversold for my LTF. i will also go ahead and make sure my MTF MA's are far apart and ready to cross as well.

i watched my set time frames today.
LTF-weekly and 4hr
MTF- 3D,2D,1D and 20m,15m,10m
STF-1hr,1m
but only two potential moves occured and neither had the right stuff. here is one of them. LTF wasnt near oversold level, the one MTF i would use didnt have a good trendline or volume for reversal the bar.


currently watching 5 different futures on these time frames, could include some more. i just dont want to watch hundreds of stocks. and thanks to my ZT Systems desktop i now have the power to stream info for as many charts as i want. for me 5 assets = 41 charts, plus i got some random charts open as well.

im thinking about adding fibonacci retracements to my requirements. im pretty sure im close to the point of having too much but, ill see. i dont want overkill but ill test it out.

i think i pretty much narrowed it down to what time frames/assets and how many time frames/assets to watch for my usual setup. i will wait for the exact assets, in the exact time frames that i want. now i just have to restrain myself from peeking at all the other time frames to trade with. self control. we'll see what happens.

/ES missed trade

I have been saving more and more chart pics on my flickr account. This is a trade i just missed. I have been looking through many time frames for trades lately but just as how i want to focus on just a few assets (S&P500 futures, US Dollar futures, light sweet crude oil futures...etc), i should also focus on trading in specific time frames that i like the most. it makes more sense to me to wait for my "favorite" time frame to show signals than to bounce around. If i find a less favorable time frame to trade in then it will just prevent me from trading in my preferred time frame. it will also create less confusion and let me get closer to "mastering" specific assets/time frames.