AHG - Profitable Strategy for Struggling Traders

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Quote from bluedemon77:

A time-based (or tick-based) chart gives equal weight to a bar with one contract traded or 1,000 contracts traded, which seems to be a flawed paradigm. I think you could make a similar argument for time-based charts because a move that happens in a few minutes has a different meaning than a move that takes place over a few hours. It's just a different way of viewing the same information, like the difference between linear and semi-log charts.
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Quite right bd.

It is all to do with order flow.

regards
f9
 
Quote from bluedemon77:

A time-based (or tick-based) chart gives equal weight to a bar with one contract traded or 1,000 contracts traded, which seems to be a flawed paradigm...
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Thanks for the response. I think I understand your point. However, by using volume bars you are ipso facto placing at least some predictive value on volume. If you did not place any predictive value on volume (be it either supportive or anticipatory), then you would likely not use volume in any manner. Please understand that I am not being argumentative. Rather, I am just trying to clarify your view as I see it. In any event, it seems that both charts can be made to look ~fairly similar, depending on the time value or volume level used. Just chewing the fat on a "Friday." :D
 
:)
I would be looking at prior resistance - almost the same in this case but vastly different in more sloped channel...

thanks, will look into...

i

Quote from mark1:

Imho say you buy on an uptrend channel at the right trend line, in a perfect world your target area is the left trendline.

take a look

I managed to buy the 4th touch of the right trendline, the one which actually failed... holy sht :D - 3
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