Technical analysis is uesless with broker chart ?!

[Gob00st]

I am new to SB and I just realized the SB broker chart is useless when you trying to do some serious technical analysis(E.g trend) as they provide extra hours data when the underlying market is close.

In this case , how could you draw a very basic trend line with extra candle sticks(for example synthetic candle sticks on weekend)??

BTW I am with IG market demo account, its actually pretty good, just this extra hour data(candle sticks) bothers me.

Could anyone help me out please?

Gob00st

 

[foredog]

I assume you mean for Indices.

Not really sure, maybe need an external chart.

 

[Technically Fundamental]

Ignore it

 

[Gob00st]

I assume you mean for Indices.

Not really sure, maybe need an external chart.

Yes, its FTSE100 cash with IG market demo. How do you do your TA then, are you using some expensive fancy trade system?

As for affordable(is it possible free)external chart, does that mean I need the following:
1>
A trading software like ninjatrader
2>
some live feed price without synthetic data

Because I am new to SB, could you kindly provide some a step by step tutorial(link?) of how to get the external packet work with live (free if possible? ) price feed?

Thanks
Gob00st

 

[Gob00st]

Ignore it

Thanks for reply .But how ? Is it possible that you could tell how does veteran do TA ?:innocent:

 

[Technically Fundamental]

Im no veteran. Just don't consider it.

Imagine you are a prospective employer. You have 20 applicants in the hallway. As you walk by them you get to number 16 and where the rest of the people are smartly dressed and eager faced he has a treck-suit and cap on and a note in his hands reveals that this interview was arranged for him by the job centre because he doesn't comply with the minimum time he should be spending looking for work on his own. He also has a tatto of his gf's name on his exposed forearm and a copy of Peter Andre's autobiography folding into his pocket. Now, do you have 20 applicants?

 

[Gob00st]

Im no veteran. Just don't consider it.

You are Legendary Member !
Could you tell me how you do TA without those extra data?
Thanks
Gob00st

 

[Technically Fundamental]

I'm a professinal legend mate thats all. I'm feel more comfortable if someone who consistently makes money gave you their views as opposed to someone who feels like king of the world by doing well on a small account before all but blowing up lol.

get used to it quickly on here.

 

[foredog]

I don't trade the indices and don't draw trendlines so can't really help too much. What i would do is either draw a line through only the bars for when the market is open or include the lot of them, Stuff like the S&p does actually trade on different exchanges nearly 24hrs, just hnot as much volume as during US hours

 

[Gob00st]

I'm a professinal legend mate thats all. I'm feel more comfortable if someone who consistently makes money gave you their views as opposed to someone who feels like king of the world by doing well on a small account before all but blowing up lol.

get used to it quickly on here.

All I need is some general technical advice because I am new to SB, I am not asking questions to get a fortune...

Anyway, thanks for your suggestions...

 

[Gob00st]

I don't trade the indices and don't draw trendlines so can't really help too much. What i would do is either draw a line through only the bars for when the market is open or include the lot of them, Stuff like the S&p does actually trade on different exchanges nearly 24hrs, just hnot as much volume as during US hours

The traditional TA book always use the trendlines but anyway , thanks for your advice.