tag:blogger.com,1999:blog-3909505513533980987.post5832072194683403255..comments2022-08-01T05:34:44.020-04:00Comments on Trader Craig's Market Edge: A Quiet WeekAnonymoushttp://www.blogger.com/profile/09362814861901777574noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3909505513533980987.post-40366902836818411862009-08-26T18:09:42.018-04:002009-08-26T18:09:42.018-04:00Yes the weekly charts look incredible in my view. ...Yes the weekly charts look incredible in my view. The weekly Qs formed an outside bullish reversal last week.<br /><br />It has been my observation that trading the daily charts is generally unproductive. The weekly volatility as measured by the 10d ATR is only about double that of the daily 10d ATR (not 5x), and the weekly charts trend better.<br /><br />I think traders would be better served trading the weekly and up, and/or the 60min and down.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3909505513533980987.post-76523903180270392132009-08-26T16:49:56.100-04:002009-08-26T16:49:56.100-04:00Despite looking at wkly charts infrequently, i lov...Despite looking at wkly charts infrequently, i love them for one simple reason - they take a lot of the noise, the chatter out of the picture. Things jump out at you.<br /><br />Five or six yrs ago i read somewhere that institutions don't look at any charts shorter than a wkly timeframe.davenoreply@blogger.comtag:blogger.com,1999:blog-3909505513533980987.post-14025293520529562052009-08-26T14:01:10.772-04:002009-08-26T14:01:10.772-04:00Mind-boggling. Although i usually look at weekly ...Mind-boggling. Although i usually look at weekly charts at least twice a week, i hadn't looked at a simple red & green QQQQ weekly bar chart w/o MA's, studies, or other embellishments, etc. <br /><br />It's amazing how few red bars there have been since the March lows. <br /><br />Although 7 out of the 24 weeks have been red, 6 of the 8 came betw May & July in an ABC formation. It looks incredibly intermediate-term bullish. <br /><br />Regards,<br />davedavenoreply@blogger.comtag:blogger.com,1999:blog-3909505513533980987.post-20532242725102842202009-08-26T12:49:23.731-04:002009-08-26T12:49:23.731-04:00Q's daily BB's pinched at narrowest since ...Q's daily BB's pinched at narrowest since March bottom & did not expand on this recent rally ... yetdavenoreply@blogger.com