I've been pregnant to practice a postal service of this form for a spell now....
One "trick" I oft role when plotting charts for the overall market, i.e. SPY, QQQ, IWM etc
I non exclusively await at the DAILY or weekly charts to endeavour as well as guess what's going on amongst the "overall big picture" to hopefully endeavour as well as location PATTERNS, trade-able, actionable patterns similar "CUP as well as HANDLE" patterns, "Head as well as Shoulder patterns", "Inverse Head as well as Shoulder" patterns, Falling Wedge patterns, Bull Flag patterns etc...
But, most importantly, I likewise use SMALLER fourth dimension frames such every bit sixty as well as xxx infinitesimal fourth dimension frames to endeavour as well as location HIDDEN patterns that aren't visible past times the "naked eye" when looking at the Daily or Weekly fourth dimension frame charts!! Smaller fourth dimension frame allows you lot to zoom down, simply similar a microscope as well as await at the "DNA"(genetic make-up) of the nautical chart if you lot volition !! If you lot know what i mean?!
Take a await at the attached SPY nautical chart below: AOT members who see the 'Power Earnings Gap'(PEG) watchlist oft in all probability recognize this chart! I've kept it as well as proceed on in that location permanently! Even posted it on twitter a few times....
So if you lot saw the higher upward nautical chart inward the PEG watchlist, as well as therefore chances are you lot in all probability saw this SPY nautical chart attached below every bit good !!
It's the SMALLER TIME nautical chart of the SPY: the xxx infinitesimal fourth dimension frame nautical chart to last exact!
Note, the CLEAR bottoming "Inverse HEAD as well as SHOULDER" bottoming blueprint that emerged dorsum inward early on Apr !
As a affair of fact, I was using this chart/ this exact bottoming pattern, that was exclusively really visible using the 30 infinitesimal charts to motion out from 100% cash as well as kickoff to play to a greater extent than LONGS at that fourth dimension ..... notice how hard it is to run across that "Inverse HEAD as well as SHOULDER" bottoming blueprint on the DAILY charts! Actually, the daily nautical chart during the belatedly march to early on Apr fourth dimension looked similar a COMPLETE mess!
But i time you lot zoom downwards into the smaller fourth dimension frames you've simply uncovered a beauty of a bottoming blueprint as well as man child oh boy, did it e'er play out!
......Fast Forward to today....
Now, notice how of late the same xxx infinitesimal nautical chart likewise uncovered a close PERFECT "Inverse Head as well as Shoulder" blueprint i time again, final week!
I urge you lot all(every unmarried trader) to add together this KILLER weapon to your trading arsenal, folks!
Use SMALLER fourth dimension frames(15, 30, sixty infinitesimal charts) to unlock hidden patterns that aren't visible on the daily/weekly charts! Get that EDGE!
"The edge", a thing that therefore many traders speak nearly as well as desire is oft constitute inward the smaller fourth dimension frames!
This is a bully agency to location as well as larn into patterns ahead of the masses because you lot were sharp plenty to zoom downwards into the smaller fourth dimension frames as well as practice to a greater extent than or less "gum-shoe" detective work!
Hope this helps!
Happy Trading!
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