Thursday 15 October 2009

"Seeing" the Markets

Now let’s look at what you need to “see” the market – Charts.

I use two charts to trade from for each market that I trade.

I also use a Market Profile chart – standard chart with letters representing each TPO but VOLUME determining the POC for support and resistance.

Range Bars: I use range bars as a tool to remove a lot of the noise from the market. These range bars are sized to suit the fingerprint of each market so I can concentrate on Order Flow.

The bars on my chart are candlesticks, so I can easily see what happened during the bar. Dojis and hammers are easily seen, quite important for me.

2 comments:

  1. TPO is Time price opportunity and POC is Point of control. Google Market Profile for more information.

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