However who is buying then at the top?
Now that is interesting, since you are looking at how rapidly the market is going up. Did you consider valuing the difference regarding the tops of up candles in an increasing chart? So candle 1 to candle 2 is less than candle 2 to candle 3, showing a...
I am very interested in using bollinger bands. How do you feel about this thread? https://www.elitetrader.com/et/threads/making-bollinger-band-fading-profitable.266426/
Purchase the high of the day after a pullback.
Look, price goes up, makes a high, then it pulls back, then it goes up past where it was before and you buy, and so on.
Now this means you buy once every time a high is made.
Past like the first 30 minutes? How about buying the high every time there's a new high? This method would only lose money when price makes a new high and then drops under it. The method would only lose money on days that look like this /\ true?
Generally people talk about volume exhaustion. From my experience I've never seen this, there are usually orders on both sides even when direction changes. Since direction is determined by market orders, how does a decrease in orders somewhere modify anything?
Explaining it differently, stuff...
might anyone think of plotting the wick length as an indicator to show trend changes?
Or candle length?
Have a member do this really quick and see if it displays anything.