Chart reading quandry | Traders Hideout - futures trading strategies, market news, trading charts and platforms

Traders Hideout

Discuss day trading practices and futures trading strategies on this forum for all markets. This forum is also for discussing and reviews for brokers, data feeds, and commercial or third party add-ons


Chart reading quandry

  #6 (permalink)

Leeds UK
Trading Experience: Intermediate
Platform: FXTrade
Broker/Data: Interactive Brokers, CapitalSpreads, Oanda
Favorite Futures: GBP/USD
Tymbeline's Avatar
Posts: 429 since Apr 2015
Thanks: 1,044 given, 551 received

bulge View Post
I try to capture a nickel or dime move on 10-20 contracts

Please forgive me for commenting (with helpful intentions!) that in my opinion, especially in the context of CL, this sits very, very uncomfortably indeed with the words "Futures Experience: Beginner" beneath your name.

bulge View Post
I would greatly appreciate any suggestions about what resources I can seek out, or modifications that I can make to my charts to give me a better feel for price movement so that I can reduce my chances of being caught in such down/updrafts.

Again, I don't mean it to sound as disparaging as it might, but I can't help wondering whether you might perhaps be asking a "bad question", here, because you're looking for ways to do something better, when in reality I suspect that "trying to do something completely different" is actually likely to be far more profitable and productive.

I think Matthew's and David's posts above ought to help you, also.

Reply With Quote
The following user says Thank You to Tymbeline for this post: