Day traders' Anzac long weekend lounge April 22 - 25, page-109

  1. 13,529 Posts.
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    Peruse the 2 posts I entered late this afternoon - for general ideas on charting, etc.

    Adding to these charts you have specifically offered I would suggest they are very crowded and one can easily lose focus.

    Take @Patterns charts for instance they are void of volume/averages/anything in fact other than candles and support and resistance levels. Sometimes less is better and less confusing. Having said that we each need to develop what works for us.

    I do like to use the 8/32/50/200 EMA as they are fairly easy to quickly review - (that is they should all be in their correct order)...particularly it allows one to observe when either a Golden Crosss or a Death Cross may be coming into play. One can then simply hide the MA's and plot Support and Resistance levels and/or Trend Lines as one likes.

    Please digest and happy to chat further.

    1. A boring but very simple chart with simply support and resistance lines as well as inbuilt narrative (ie for your thoughts)

    https://hotcopper.com.au/data/attachments/4291/4291106-421e0f6916ec47e3371d992825dd566c.jpg

    2.Simply adding an 8 EMA
    https://hotcopper.com.au/data/attachments/4291/4291117-421e0f6916ec47e3371d992825dd566c.jpg

    3. Now also including the 32EMA

    https://hotcopper.com.au/data/attachments/4291/4291126-3730444eb11b181df6b3e3fd9f710d14.jpg


    See how uncluttered and unambiguous this makes the chart to quickly observe!!! smile.png




 
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