Are you good at reading the chart?

[murray t turtle]

I believe that line charts are missing data, like high prints, low prints, ect. Why use something that is missing data?

%%
LOL Line charts look to much like moving averages. Never did like confusion

 

[maxinger]

I believe that line charts are missing data, like high prints, low prints, ect. Why use something that is missing data?

You should just focus on being a holy saint to cut down
sinners like LGBT, queer queens etc.

Trading is not your expertise.
Being nasty, critical, and unforgiving is your expertise.
Your life is filled with hatred, anger, and negative emotions.
Anyway, continue to be a holy saint.

 

[murray t turtle]

[QUOTE="maxinger, post: 5833272, member: 153904"
Your life is .... and negative .
Anyway, continue to be a holy saint.[/QUOTE]
%%
Sorry \sounds like you love line charts, fine with me ;
but pointing out the line chart negatives could be a positive
You must not like moving averages much??
Good ; we dont want all using the same thing......................

 

[SunTrader]

I believe that line charts are missing data, like high prints, low prints, ect. Why use something that is missing data?

Cut down on noise. Try it sometime, especially on daily timeframe.

 

[FortuneTeller]

Cut down on noise. Try it sometime, especially on daily timeframe.

Daily time frames are for investors. Seeing just the close and not the highs and lows do not suit an intraday trader. At least for me they don't.

 

[Redneck]

Reading a static chart is no where even close to reading PA real time.., as it unfolds

Two identical bars - in a vacuum..., may appear the exact same


Observe while they are actually being formed - and how each arrived at the exact same point may tell an exact opposite story


Why looking / reviewing static charts has very limited benefit

ETA - always be mindful - price is fractal

RN

 

[maxinger]

I didn't bother to analyze the chart.

I just clicked LOWER on all 14 questions.

And I scored 9/14!!!!!!!

This shows
if you blindly trade, you could earn $$$$.
or
the questionnaires are worthless/useless

 

[murray t turtle]

WHo? this guy?

View attachment 317848

%%
I never was that great with names+ that lack of skill there has not changed much LOL
Next 1 minute line or candle means little, especially by itself, without a context.
But i remember Long+ short nickname= better than average.
NEVER mistake the man for the moment or woman Calendar overrule$ moment.
No disrespect intended for market makers or specialists.

 

[longandshort]

I didn't bother to analyze the chart.

I just clicked LOWER on all 14 questions.

And I scored 9/14!!!!!!!

This shows
if you blindly trade, you could earn $$$$.
or
the questionnaires are worthless/useless

The questionnaire measures skill by comparing score to the distance from the mean. So if everyone does that then no one is more skillful than anyone else. Make sense?

 

[Rams Fan]

One improvement would be to include the entire prior day for reference.

Also, bars gives you more information than a line chart. One particular trigger I personally like on charts is a spike or tail bar. You won't see those on a line chart.

Regardless, if your purpose is to disprove chart reading it would be difficult to do so when you're removing so much from the tool kit that a good chartist would be using. A random snippet of random data is not what a chartist typically looks at.

I agree. The exercise assures only a random outcome. It is designed to "prove" the futility and folly of chart reading, rather than to assess a particular individual's chart reading acumen.

Describe a better binary (simple) test for chart reading. If you need to see all the data through the day to give me an end of day estimate then what exactly is the benefit of reading the chart?

For a proper exercise, I would think that one should provide candles or ohlc bars, and the previous day's data set as well.

It is one thing to conjecture whether then next candle will close higher or lower than the previous candle's close. But doing so with no context and removing all data but for the previous candle's close is not an exercise in chart reading.

Also, a five minute or higher candle aggregation would be preferred to a one minute, but that might be my own bias creeping into the wish list.

This exercise as it is designed would be like taking a random page from War and Peace, removing all the consonants, leaving only the vowels, and asking us to guess the next word.