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Registered User
Joined: 10/9/2005
Posts: 18
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I've been using tc2000 charts which take me up to a daily view....How do you pull up tcNET charts which give you an intraday view?
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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In order to have access to streaming realtime quotes and view intraday charts, you must be a Platinum Level subscriber. You are currently a Gold level subscriber, which gives you access to 20 minute delayed data, and charts which go down to the daily level.
To learn more about the differences between the Gold and Platinum levels, including the price difference, please click on the Software and Pricing tab above.
- Doug
Teaching Online!
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Registered User
Joined: 10/9/2005
Posts: 18
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Thanks for the advice....as a novice charter, and someone who averages 3-5 trades per month does anyone have an opinion on the value of intraday charts. No daytrading here, but I imagine the intraday charts can help with entry/exit points.
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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Your last question is best suited for the Stock and Market Talk forum, rather than Ask A Trainer. I will move this topic to that forum for you, where I suspect you'll get some feedback from others who are using intraday charts.
- Doug
Teaching Online!
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Registered User
Joined: 10/7/2004
Posts: 2,126
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Dear asfbuck, I have been using Telechart since 1998, regardless of what my profile may say. I did stop subscription for a few months and then came back. Anyway, as you can tell I have been a very long term user, and the reason why is becouse there is nothing really comparable for the buck. This is the best tool for the buck available.
In regards to Telechart Platinum I can tell you one simple thing, it is not worth the cost. If you just need intraday charts you can find them for free in many web sites. Not much advantage there if you are not a daytrader who looks at technical analisys to set your next day action, and even if you did that, it wouldn't help you much. When you daytrade you forget what happen yesterday, and concentrade on what is happening today. For that you will need realtime data, and TC Platinum offer that, but take it from me; I have been daytrading since 1998 and TC Platinum neither is a daytrading plataform, or is fit to do any real daytrading. So save yourself a buck, and if you do not daytrade concentrade on the dailys you will be richer at the end of the year, and better off. When you are ready to daytrade, comeback and I will tell you where to go and what you will need.
good luck
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Registered User
Joined: 10/9/2005
Posts: 18
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Thanks for the advice......It was my feeling that Platinum isn't a must at this point in time, especially when most of my positions are set during the evening with limits/stops. When you're still learning reassurance from someone more experienced definitely helps.
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Registered User
Joined: 12/2/2004
Posts: 1,775
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QUOTE (asfbuck) Thanks for the advice....as a novice charter, and someone who averages 3-5 trades per month does anyone have an opinion on the value of intraday charts. No daytrading here, but I imagine the intraday charts can help with entry/exit points.
asfbuck, I very rarely daytrade but still make over 1000 trades per year as mostly swing/short term position trading. And I could not live without live intraday charting. It's just as you allude to, helping with entry/exit points. If I was buying for a long term investment I wouldn't be too concerned whether I bought a stock at 20 or 20.50, but for short term trading that would be a major sticking point, and the live intraday chart helps very much imo.
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Registered User
Joined: 10/7/2004
Posts: 166
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QUOTE (asfbuck) Thanks for the advice......It was my feeling that Platinum isn't a must at this point in time, especially when most of my positions are set during the evening with limits/stops. When you're still learning reassurance from someone more experienced definitely helps.
fpetry;
I tried Platinum for a while (I made between 10-15 trades a day then) and I did not find it helpful at that level. I am back to half that many trades using the Gold and find it a lot more profitable. The difference, with 20-20 hindsight, is an improvement in my technical charting/methodology skills (after several years I still learn every single day). Having Intraday data seemed to encourage me to trade more often for greater losses. Given where you say you are, focus on improving your technical sklls first (recommend Long trades only as Shorting is much more difficult) master that. By that I mean if you can make $250/day from one or two trades that translates to $50K/year. Yes it means picking the one good stock a day that returns the $250. But, think of it this way, if you were limited by the number of stock selections (ie. 1 per day) and not by money (as most of us are) you would spend a lot more time trying to figure why you were buying the 1 stock allowed and more often than not, make the right stock selection.
The flip side of this, is to cover your self on the downside but that is another for thread.
Just my 2 cents.
Happy Charting
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Registered User
Joined: 3/5/2005
Posts: 30
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How do I set up a 23 period linear regression scan for an channel where the price is near and heading up (if possible)from the bottom. Same for a 23 LR where the price is near the top and starting down. Would like to screen only stocks with $0.90 average daily range, and over 1,000,000 volume. Thanks for your help. Dave
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Registered User
Joined: 10/7/2004
Posts: 286
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Intraday chart can be extremely useful to evaluate patterns, like a converging price pattern or an expanding one. It's tough to really tell that with only daily charts. I have found the hourly charts especially useful. They are a bit of a cross between daily charts and the shorter time frames.
Hourly charts can easily set up to contain some of the longer term trend lines that many end of day traders use. Such as the 8d ave. (AVGC56 hourly), the 20d ave. (AVGC140 hourly, the 50d ave. (AVGC350 hourly), and even the LR30 (set to 210 time frames. These all give more precise and tradable parameters on the hourly chart than on a daily chart.
Sincerely,
jynkin
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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davidy,
The Width setting of the Linear Regression needs to be known in addition to the LR Period to write a Channel Sort formula.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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