With a variety of indicators showing AAPL may move higher I plan to move back into buying some April or May Calls. The March calls seem a bit overpriced right now but that is also an indicator of people believing a move is about to happen. I just think its upwards right now. Although there is resistance at $550 ish.
Comments
timwest
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Hello: One major question here about the time frame you are working with: The trading day is 390 minutes long and therefore is divisible into equal sections if you use anything that divides evenly into 390. If you use 180 you will have 3 bars each day - one is a 180, the second is a 180 and the third is a 30. I'm curious if you make the day into 2 bars or 3 bars (2 bars of 195, or 3 bars of 130) or 6 bars (65 minutes) or 13 bars (30 minutes). It just makes sense to me that they are equal-sized. There are other charting methods that allow you to make consistent volume bars but that isn't part of Tradingview at the moment. I switched your chart to 130 minutes a bar and it looks good. Hope to hear your thoughts!
ct586283
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Hi Tim. I tried to reply earlier and my browser somehow timed me out. A whole paragraph wasted. First I wanted to say thanks for all of your hard work, excellent postings and good advice and criticisms on this site. I'm sure you are one of the reasons this site does so well and continues to grow. Now about my chart. I started off monitoring AAPL a while back with the Donchian Channel indicator and quickly found that the 3 hour time frame worked best for me because the signals were decent and it fit into my work schedule. I slowly added some other indicators and a script that I borrowed from someone named KPEI i think. However, I have a full time job that doesn't include charting so the 3 hour time frame setting allowed me to see the first bar at 9:30am then I check at lunch around 12:30pm and then near the end of the day at around 3:30pm (EST). To be honest I hadn't even thought of the last bar only being a half hour, I always thought of it as getting a sign right before the market closed and having a half hour to review others charts and make a decision for the day whether to buy sell or hold. I tried changing my chart to the 130minutes and realized it is part of the paid service. Are you able to publish the 130minute version? Not sure if I could use it since I'm not a PRO subscriber. I would like to look at some older time frames near AAPL earnings dates and see if the different bars would have helped more. Anyway thanks for your input I will think about whether dividing the trading day equally on the chart would benefit me more.
timwest
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Hi ct586283 :-), Thank you for your nice comments and also for your reply about why you chose the 3-hour chart. Now I understand why you would construct a chart that way. If you get great results with that time frame then that is the most important benefit. I am glad you can use Tradingview and add value to the rest of us with your perspective and sharing your ideas. So, right back at you. Thanks again for your reply.