Twitter thread on charting for day trading🧵
(Deleting in 24 hours)⚠️
(Deleting in 24 hours)⚠️
1. Time Frames are the biggest key to charting. I personally chart on the 1yr 1 day, 180 day 4hr and the 20 day 1 hour for my big time frame setups.
2. Keeping your chart clean and organized. You don’t want to jumble your chart up and make it look fancy. Its as simple as sticking a few trendlines and patterns on there.
3. Patterns are nice but NOT necessary. I’m personally not a big fan of looking for patterns on my charts. If I am, the only pattern I tend to pay attention to are wedges and sometimes head and shoulders depending on the time and stock.
4. Indicators are a no go for me. Indicators can most times cloud your judgement. Granted I day trade and scalp so I primarily use price action as my “indicator” so much easier said than done. Price action will be your best friends 99% of the time.
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