Regardless of whatever strategy you prefer, I urge everyone to consider first looking at their charts from the "top down".
For example, if you primarily trade a 1 hr., DON'T LOOK AT IT FIRST!!!! First check the daily. Look for any flags, double tops/bottoms, head and shoulders, TRENDS, fibs. These larger TF sigs will have a tendency to override sigs on the smaller TF's. Then do the same for the 4 hr., only then look at your sig TF. I posted this idea on the thread regarding creating filters for Mouteki's. Having several larger monitors helps! I have 5 21's and a 17 for my trading platform.
I created the Maximus template to help aid in ID'ing trends from the "top down", but it doesn't recognize these other items I've mentioned.
-Daniel
For example, if you primarily trade a 1 hr., DON'T LOOK AT IT FIRST!!!! First check the daily. Look for any flags, double tops/bottoms, head and shoulders, TRENDS, fibs. These larger TF sigs will have a tendency to override sigs on the smaller TF's. Then do the same for the 4 hr., only then look at your sig TF. I posted this idea on the thread regarding creating filters for Mouteki's. Having several larger monitors helps! I have 5 21's and a 17 for my trading platform.
I created the Maximus template to help aid in ID'ing trends from the "top down", but it doesn't recognize these other items I've mentioned.
-Daniel