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when it comes to futures and commodities trading I think it's best to learn the animal and what makes it tick... diversification is fine if you understand the instrument you're trading.
3 minute chart
2 period Zlema (smoothing (5), bar colors: Disabled. This Zlema is set to 12 minute via input series. This Zlema is a free indicator by ninZa.co and is called Moving Median.
3 period Fisher Histogram Wave (found in indicators @ FuturesIO).
I changed the settings to get what you see on the chart. It is set to 10/8. Background removed.
Also the background colors in panel one are the Fisher H. Wave. This indie is set to 12 minutes via input series. Hid all of the lines. Changed the colors. Set it to 11/4 and then clicked and dragged it up to panel one.
The background colors remind me to trade in the direction of the longer term (12 minute chart).
These suit me as most of my trades are just minutes long.
Basic thinking for scalping is playing the "Color Game".
Longs:
Green background
Green candles
Green Fisher
Shorts: Visa versa
I keep the chart marked off at every $50.00. These levels often provide S/R or if they are violated, then I look for a continuation.
If the median is flat and price moves far away and hits S/R, I will take a counter trend trade.
Like anything other indicator, they are subject to my ability to read and understand what they mean and when.
The other horizontal line shown are nothing more than NT8's "Prior Day OHLC". I don't consider them an indicator.
I have gone around and around endeavoring to simplify my charts over the last years. This is the best that I can come up with for finding a reason to take a trade.
I'm sure you will produce the charts that will suit how your brain works. Every type of MA tells a story. Every oscillator/indicator tells a story. For me, I have learned that if I choose to use one, that I have to learn what its usefulness is. It's benefits and its drawbacks.
I believe you can send me a private message via this site. I don't have messenger anymore on this PC.
It must be around midnight Sydney time. I am off shortly to the dentist. So any communication would have to happen later in the day my time.
Whatever I know about PC's is what I have picked up along the way as I started with on older PC and over time upgraded it then as it could not handle the NQ data fast enough, I built a new stand alone PC which I had assembled by a gaming company.
I searched high and low for a PC supplier. Trading PC's and Gaming PC's. After countless hours of research and building mock PC's online and then pricing out the parts, I decided on Magic Micro Computers. They have a large menu. A great website and good prices.
You can view my build on the "Show us your Battlestations" on this site.
If I ever do another build, I will upgrade the CPU from my current fast Ryzen 5 3600x to a CPU that is even faster. But very pleased with the current performance.
