Disliked{quote} I thought I'd share, for everybody's benefit, the way I do this. Below is a 30 sec chart with SMA100 (red). Then there's a HiLo channel. It's made up of WMA20 of the highs and lows. As a setup forms, such as in this case, I place a stop order one point, or so, above the channel. See yellow segment. Stop a point or two to the other side, which gives a stop distance of 7-8 points. This way I don't need to read PA bar by bar, but just wait for setups to form, and then place the order. As an aside, the channel is also useful for trailing the...Ignored
I use MT4- how can I have a seconds chart?
also- if you look only in small time frames- how can you see the big pictures, the big moves?