Wednesday, September 24, 2008

Michael'sScreen Shot

Here is a screen shot from Michael. His version of "nothing special" is a simple screen.

I have heard that the two most valuable assets for a trader is screen time and discipline. Screen time is your ability to see price action without indicators. Over time I have noticed that you get a better feel for charts and price action by simply watching it live. Try this to see what I mean; look at a chart of the S&P or QQQQ every half hour throughout the day, keep notes every half hour on what you see and where price might go next. Note support and resistance lines. What you get from this is a timeline. You understand how long it takes for things to happen. If you can't do this at work, than watch a different market such as Australia stocks, Forex, or Gold.

Michael writes:
This is my screen shot, as you can see it is nothing special, I use at most two indicator like PPO and ADX for detect HDIV and DIV and pattern like Wolfe Waves.

Michael is also preparing a guest post on Wolf Waves, we look forward to that post.

1 comment:

  1. Genial post and this post helped me alot in my college assignement. Thank you as your information.


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