We like to use 4 charts for Trends
Chart 1 - Dow Jones Industrial Average
Chart 2 - NASDAQ COMPOSIT
Chart 3 - 5 minute Chart of Stock
Chart 4 - 1 minute Chart of Stock
The sharp day trader will identify all of these charts moving in a direction and enter a position. All of these elements give confidence and a move.
Each chart is set up in a special way so that trends can be further identified.
On each chart set up a "Simple Moving Average".
Set them to 47 or 49.
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