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Mathematically correct, yes. If price is above an MA, it tells you that price today is higher than the average price over the last N days. An EMA weights the most recent past more. Why would you assume that?

It's a meaningless discussion and one which completely depends on how trend is defined. When is it a pullback in an up trend and when is it a new down trend? Which time frame? Daily? Monthly? A fast tick chart? It's better to simply perceive price moving up or down.

Thanks for your input, Xela. I'm on the run, so will reply fast on your last comment/question. Maybe 'activity-based' is a more precise word. Regardless, time based charts plot based on time & price, but they don't need price movement to be plotted. In effect, you could have a 1 point range on...

Anyone interested in sharing settings or how you use tick charts? Since some user wanted more information on how I want to use these charts my purpose is day trading (ES). Beyond higher time frames, my current main chart is the 1-minute and the 5-minute chart, but lately even the one minute...

How so, may I ask? What charting software do you use? If it's a secret or proprietary, I certainly understand. I'm still experimenting with these types of charts, but to me it makes sense to not use a fixed setting.

Hi all, With the recent increase in volatility, I'm curious if those of you using tick/volume/range and other types of charts not based on time are adjusting your settings or if you use the same settings regardless of volatility? :)

Nice short entry at 2705, I think. Looking for a move below 2700. 2690, maybe. :) EDIT: 6 minutes later. Maybe not. Last retrace was around 8 points, so shouldn't go much above 2708 if we are to go lower.

Interesting. There's various discussions on these boards and others about long term profitability and randomness in the market. I'm not sure how long you've been keeping these statistics, but do you have any data on traders with a long term consistent track record?

That one win needs to be very huge if you're going to do more than breakeven after 10 small losses. Trading, whether it's daytrading or even larger timeframes is only a grind if you don't know what you're doing. IMO. If your results are not currently good and you feel trading is difficult...

Sounds more like gambling to me, but some will probably disagree.

Any news here? I'm a little behind on my schedule to put it mildly. I already opened an account with AMP, but haven't funded it yet. Will be funding it next week. Still tinkering around with Ninja in demo mode and it does what I need it to do, but I'm not so keen on being tied down to NT...

Amazing volatility these days. How are you all adjusting to this? Reduced position size and larger stops? Tick/volume/second charts for entry? I hope this volatility is here to stay for a while.

Down almost 2 % at recent lows with the last swing down at 30 points. Good for a little bounce from here?

Keep us posted and good luck, @Eldredge. It would be interesting to hear which platform you settle for. Unless Ninja have some specific functionality you want, I think you're better off with AMP. I don't care too much for bells and whistles myself and charts isn't my main framework for...

You're tired and weary before you even started. This is a long, long journey and you're already finding it difficult. Frankly, at your point, you should be filled with enthusiasm and staying up at night reading books and studying charts. If you want guarantees, do something else. Trading is...

I was a little hurried making the post above and assumed 10 ES points, not 5. Still illustrative.

I don't think a percentage this or a percentage that is the right angle to answer this question. Take a look at what the market offers instead. Lately, that's quite a lot. Other times, it's less. 5 ES points using a $5000 deposit for day trading margin yields a return of 5 % on your capital...

Any ideas on what platform you will be using...? I'm also leaning towards AMP currently. I consider staying with Ninja for charting though (already have a good feed I pay for) and execute from some free software provided by AMP. Most likely Multicharts or Sierra.

Did you make a decision, @Eldredge ? I've narrowed down my options to these two as well. I'd really like to use Ninja, but AMP offers intraday margin for 10 minutes longer at EOD. Ninja is really easy to use and works great for live trading, so I'm sure you like it. On the other hand, it's...

I don't have the time or interest to watch this, but so what if they were rigged? Should make them even more predictable, IMO.