Thursday, November 24, 2011

I've changed my chart set ups

I started realizing I watch prices of stocks more than the indicators themselves.  Having indicators on charts just cloud my judgement with extra variables.  Price action is our strongest indicator!  Indicators themselves are derived off price to begin with.  The candles in price tell us everything we need to know.  The chart below is the current 30 minute $FAZ [short financials 3x].  Having less indicators below allows us to increase the size of candles for easier observation on price action.
 

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