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,

About Marina Kuperman Villatoro

Marina Kuperman Villatoro CEO of The Trader Chick and has been day trading for years. Day trading isn't only a job. It's a lifestyle. It's a way of life and a transformational journey. All you need is a trading plan, the right mindset, your laptop and the desire to work 2-3 hours a day so you can have the time to spend with your family, travel, have fun with your hobbies or simply indulge in the finer things in life (quilt free). My main goal is to show how life transforming day trading is, even spiritual and to remove the stigma and fear that is wrapped around it. I recommend by starting your journey with my FREE mini course - Simplifying Day Trading where I take you from Ground Zero to having confidence in understanding the markets.
This entry was posted in Chart Review, Day Trading, Day Trading Lingo, Futures. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge