RE: could be helpful to some30 Sep 2020 12:14
If you go to investing.com, you can set up a graph which you can save, suggest you pop on 9, 26, 50 and 200 moving aves and the cross overs of 9 and 26. then you dont have to recreate all the time. I then use their technical page to see where the next fibonacci points are to confirm where it may go next on 3 std deviations. (its all worked out for you on investing.com. However, their alerts are crap so i then set up alerts on IG to message me when the 9 and 26 cross, so i dont have to look all the time and can get on with life in general. It takes out the extremes and sometimes you will be selling and buying at almost the same price, but you will lose little and on a share like this which is volatile then you control your losses and the upside can be high. All of this i do on daily prices.
on days i buy and sell i also tend to look at the 15 min for the first two 15 mins of the day. If the second one is down, i normally forget buying anything as more likely as not (although not always but much more likely) to close down. So i kind of use all three. The hardest thing to do is to actually do what it tells you to do - thats all in your brain - i often think Why the **** did i buy that then when i can see that none of the signals were correct - for some reason its really hard to make your mind do what is in front of you.
So for example if you go to investing.com now and click on technical, it will come up with a table for various different ways of looking at fib points. The current pivot point as i speak is 135; 1 std dev to the upside is 140 which is roughly where it is now; 3 std devs to upside is between 147 and 152. This will naturally adjust all the time - i just find it dead handy. I hate it going more than 3 std devs in a day as then its roller coaster time and you have to guess when to jump off before the damn thing crashes as its oversold/overbought dramatically. So another tip i use is to not buy anything when on the day in question it is already more than 3 std devs outside - you can use bollinger bands to see this pretty easily - also you can add the bands onto the chart you save on investing.com.
Will save you a lot of heartache if you can manage to make your brain obey the rules - which i cant always manage so good luck on that one - i frequently am baffled by my own stupidity when i can see the above facts in front of me!