Bride of If You Can Draw A Straight Line
- Thread starter dbphoenix
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I've done the same thing with much success over the last few months. I hardly every daytrade because of work but swing trading works just the same. I appreciate DB taking the time to remind that keeping things simpler is best. I trade price action as described here in the thread (and the AHG thread) combined with patterns. The "patterns" just help me recognize the price action easier, sometimes, when scanning different markets to trade. It's always about price action though.
Anyway, don't want to get off topic here. I've just been meaning to make a post suggesting others to read the AHG - Anekdoten Holy Grail" thread in the Hall of Fame section. I've re-read that entire thread a couple of times over the last 6 months now and it really partners well with DB's threads.
Seeing Amitman's post about it made we want to chime in. Anyone unfamiliar with AHG, take a look at that thread this weekend. It's very similar to what DB is showing, just worded a little differently. It may set off a few light bulbs for anyone who feels like they're struggling or missing something.
Typically well over a hundred people view these charts, so I know at least some are interested, even though they never post, which is why I keep doing it. It isn't necessary to give up patterns cold turkey, though it is hoped that eventually the trader will begin to see the behavior that creates the patterns in the first place and focus on that behavior instead.
Db, it might be a stupid question, but do you actually trade with the investing .com charts? Maybe in combination with the book trader? Or do you only use them for demonstration purposes?
I find it somewhat relaxing when I was watching at work. For the real realtime fluctuations the IB DOM might be enough.
Of course it is a lot about personal preference and experience, but in terms of simplicity I asked myself if it could be an option...
I find it somewhat relaxing when I was watching at work. For the real realtime fluctuations the IB DOM might be enough.
Of course it is a lot about personal preference and experience, but in terms of simplicity I asked myself if it could be an option...
Thanks, I meant the Interactive Brokers Booktrader, the DOM for quick order entry.
I use Sierra Chart for both.
Btw, if anyone knows another source for IB backfill data which is more detailled than the usual 30 second backfill, that would be great.
In terms of replays this is really not really realtime like...obviously...
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