I have a second laptop that I use for my Trading Room, and it additionally has thumbnail windows of the 15- and 60-minute Emini charts, which I use for teaching purposes in the trading room. I sometimes look at 60-minute, daily, weekly, and monthly charts. Only need one chartĭuring 99% of the day, I am looking at a single 5-minute chart, which is usually the Emini, but I also sometimes trade Forex markets, bond futures, crude oil, natural gas, stocks, and options. The dashed line is the EMA of the 20-bar EMA from the 60-minute chart, but I wrote the indicator in a way that allows me to plot it on the 5-minute chart (I put the TradeStation EasyLanguage code below). The solid blue line is the 20-bar EMA of the 5-minute chart. With experience, you might see potential trades on almost every bar on the chart! My chart for day trading the 5-minute Emini has two exponential moving averages (EMAs), each based on 20 bars. Just print out a 5-minute chart of any market at the end of the day and you will see many trades. A trader does not need any more than this to make money. It has my charts and a trading platform from one or two brokers. Although it might be hard to believe, my day trading setup uses only a single 13″ laptop for my trading.
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