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Hi Kenny,
Thanks for the input. The big improvement for me came with the revelation that every hour is like a brand new day. I used to look at a trend or move without relation to time and if I missed the entry I was lost at trying to get in. Now I have a frame of reference for every hour of the day and it makes a huge difference. I can sit down at the computer at any time and basically get involved right away with a meaningful entry. You should also understand that my trades do not last much longer than an hour! I know that 10% is a LOT of gain. (or loss). I would have bleeding ulcers trying to trade a daily chart.
Anyways, here are my indies and the template for my charts. I will add more about it later.
Update: There are 3 templates. 1 has the BZ indie shown in the chart below, the other has a different version that shows past hour levels too with the BZ text. In the new one, I have also added a couple of indies to help you stay in the trade or at least be more comfortable with the current direction. One is the Wall which is set to represent the 5min 8-13 EMA. The other is an EMA cross alert to help you pinpoint the trade in a fast moving 1min chart. The third does away with all extra indies for those that are comfortable trading price action. Feel free to use the one you like.
Last edited by radatats; 03-09-2009 at 03:04 PM.
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