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RE: DON'T CONVERT SBD to STEEM, BUY IT ON THE STEEMIT MARKET!

in #trading8 years ago (edited)

The chart is from my trading platform tymoraPRO. All the indicators I use (besides following the raw price action) tend to be related to identifying a volatility distribution on the move, and also help identify when prices reach extremes on a various time frames.

This chart has lower band GMMAs, 5/8/34 ohlc XMAs, VolSqueeze (combination of acceleration bands and bollinger bands), VWAP, Volume/VolMA (volume moving average), VolTrails (volatility trails that track a sort of "pain point" for traders, sort of like a multi-timeframe version of Chandelier Stops), and VolByPrice (volume by price on the right). I could write several posts just on each of those!

But that should be enough for now if you want to google around a bit. Also, once you've studied trading long enough, you start to quickly get an idea all the indicators being used. Having each one listed on a chart often just takes up extra space. Here's one though with a bit less going on!

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Wow! when you said 'your' trading platform I did not realize you meant one you had created.

Even though I need to put down my voting, I voted you up, just cuzza dat. Very awesome platform.

I do understand that YOU understand the chart without needing to label the various plots.

I don't. However, this, and the one you posted before, just at a glance, seem to show that price plunged just prior to my transaction. Had I known this, I, even I, would probably have been able to hold off on the transaction.

That alone would have saved my account at least $40.

Thanks! I very much appreciate your consideration.

Yeah, there was quite a bit on there, so I know where you're coming from. Bigger point I was getting at was really just to show you the price action.

Glad you found my responses at least somewhat helpful, and thanks for the upvote! :)

btw, on the 5m chart I posted, notice how as price rose back above those "levels", what's happened since then... back to nearly $1.50 again!

yes. LOL this was my point about my personal luck when it comes to timing, which in investing is practically everything.

While knowledge and skill can overcome luck, as I also indicated, without access to the kind of platform you have created, I am dependent on my luck.

I'm better off staying out.

Thanks again for your extensive and informative consideration!