Futures Charts and Indicators are a Girl’s Best Friend

The thing is, you don’t need many indicators!

I, personally, only use two indicators (a moving average bar and MACD’s) that’s all, these are open to the public, are free for everyone to use (on any platform).

610 and 1597 chart

Honestly, simplicity is key!

If you ever saw day trader charts some of them have more lights flashing and lines going thru them than a crazy day on the Vegas Strip.

Why the distraction???

And, this is key, soooooooooo many academies and day trading schools will tell you need their software, or you get their indicators when you sign up with their classes and then once you stop paying them you either have to continue paying a monthly fee for the indicators/software or pay a huge lump sum to continue using them, BUTTTTTT, also need to pay for the upgrades and updates because they make them obsolete.

Honestly, whenever you hear that from an ‘expert’ or school, be super wary. There should be no reason why you can’t use indicators that are universal.

Futures Charts

Charts – this is something totally different, and no school or academy sells chart softwares, at least none that I am aware of, this is usually independent.

I use two different charts. I don’t use time frames but tick bars. This is measuring transactions rather than minutes or hours, it’s more precise and easy to measure. (In the photo you will see the 610 chart and 1597 chart)

The line in the middle is the moving average, and he little balls at the bottom are the MACD’s.

Happy Trading,

Marina 'The Trader Chick' Villatoro

This entry was posted in Chart Review, Day Trading, Day Trading Lingo, Futures. Bookmark the permalink.

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