/biz/ - Business & Finance

>>9107932
>TA on a macro scale seems to work REALLY well there
yeah its because almost ALL of the volume is traded by relatively simple algos that all use those indicators. if youre trading manually ur a skrub (but wheres the fun in that?).

>i only do my TA moves off the daily for the most part, with contributions from the 4 hourly for entry points within a couple days period
ALWAYS check your TA on multiple timeframes (ideally side by side). i used to not do it, but now im making like twice as many good trades so its helping. check pic related, its my new setup ive been trying this week. i started using the itchy clouds a couple weeks ago and learned about point and figure literally this weekend.

i got weekly, daily, 15min (thinking of changing this to 2-4hrs as i havent been using the 15min as much), and 5min. gives me where and when its trending. the itchy gives me buy and sell triggers, i got volume on the 5min to see if things are getting wild, and then i got a little point and figure chart to filter out noise on ugly charts (like commodities). its also helpful for quickly determining options strikes. and then if i need a better look i an maximize any of them

do your own thing and figure out which indicators work best for you and set up something you an glance at and see all timeframes. itll help keep your emotions at bay