To go along with what One Day said before about turning on the diagonals...well, there is another level that you can turn on called Mid-Daigonals. And these put nice little dotted lines in-between the Bullish and Bearish diagonals. I like to turn them when I zoom into an area that I'm interested in and then turn them off when I'm done. Because, when you zoom back out to see your week in 1 hour bars...it kinda makes it look like you're looking at your chart through a screen door.
As Bemac would say...we're talking trading here peeps, not lipstick.
All the pretty lines just give you an idea how the auction is proceeding. They support your ideas about where the directional may lie...and they give you advance warning about where to look for important price flips. At least the potential is there. It doesn't mean it is going to happen...but it's scarry how often it does happen.
Here is an updated 1hr UJ chart like I posted this AM. I turned on the Mid-Diagonals and zoomed in a little to be able to see where the action is going on.
Anytime I'm trading I like to look at the nice charts that IBFx has. IBFx has some very pretty tools...but you pay for them with increased spreads over what Oanda charges.
Best,
Eric.
As Bemac would say...we're talking trading here peeps, not lipstick.
All the pretty lines just give you an idea how the auction is proceeding. They support your ideas about where the directional may lie...and they give you advance warning about where to look for important price flips. At least the potential is there. It doesn't mean it is going to happen...but it's scarry how often it does happen.
Here is an updated 1hr UJ chart like I posted this AM. I turned on the Mid-Diagonals and zoomed in a little to be able to see where the action is going on.
Anytime I'm trading I like to look at the nice charts that IBFx has. IBFx has some very pretty tools...but you pay for them with increased spreads over what Oanda charges.
Best,
Eric.
" Be always employed in something useful." - Benjamin Franklin