Define a research universe 500, 1000 names... depends on your time dedicated for market research each day & weekend.
Make sure you go through the same list every single day.
What you miss earlier you might capture later.
You see the development of price charts better
Make sure you go through the same list every single day.
What you miss earlier you might capture later.
You see the development of price charts better
Open each chart with the same template. Don't go into style drift by saying: Hmm.. let me see what X indicator is doing or let me go into hourly chart etc.
You have 1hr (or how much it takes to finish the list you have built) to finish the work and move off the screen.
You have 1hr (or how much it takes to finish the list you have built) to finish the work and move off the screen.
Before you finalize, see if any pattern fit your criteria. Save those to a separate folder and review them the next day first thing after the market close. That's your watchlist.
Remember, chart patterns do not form frequently. It is ok not to find opportunities every other day. Sometimes a good setup might not form for several days. Be patient.
But most important than everything: Have you decided on what you are looking for? What are the few patterns you want to capture and trade on price charts.
Narrow down your focus. Be very specific with the setups you want to take.
Narrow down your focus. Be very specific with the setups you want to take.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
