Wednesday, November 11, 2009

Hourly Chart

Starting shifting focus on hourly chart. 

Advantages:

1) See big intradays picture, filtering off a lot of intraday noises;

2) Have stockcharts historic data back to mid 2001;

3) Leverage partially EOD scan, 6.5 factor;

4) Free up more time to learning new skills (instead of staring to ticker screen all day, watching once every hour only);

5) Catch daily moves earlier than EOD trader;

6) Match my job schedule better.

Disadvantages:

1) Later participation than intraday 30-min, 15-min trader in cross-hour trending

2) No participation in trending started and finished within 60 minutes. 

3) (OMG, no more Disadvantages!)

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