Why don't u guys just use wizetrade? Why try to keep reinventing the wheel?
Simple - we don't need to

J_S
Why don't u guys just use wizetrade? Why try to keep reinventing the wheel?

Never heard of them, Surf. Also, if you want to enlighten me on Wizetrade, I have another question...who the hell is Big Mike?...I keep seeing that, too. (I know, I could surf em up on the web...no pun intendedWhy don't u guys just use wizetrade? Why try to keep reinventing the wheel?
...but I'm not following you (another unintended pun...that said, no disrespect regarding what you do). Seriously, my questions are serious.:eek: I'm not familiar with either.
Since we've been talking about Brooks here, he has mentioned prior day hi and low as S & R areas in his books, but not sure about open/close. Since this has come up, I thought I'd throw in my $.02. I used to put them on all my charts, but now only on the 60'. The darker green and red are hi and lo, the lighter shades are broken but untested prior hi/lo daily, shown on the 60'. I used to have the open and closes too, but stopped. This is my 60' chart:
View attachment 157011
An interesting phenomena...that could at times affect the daily hi/lo...the problem with using charting from two different brokerages if they don't start the new day at the same time regarding their charting...I'll let you spot the difference in these two daily charts, captured today, one from Oanda, one from Tradestation. Hint, go back 6 bars for one example. Am I missing something, or is the low on one chart about 75 pips different than on the other. TS starts the new day on EURUSD at the same time the as US Futures (which is the one I use for my hi/lo). I think Oanda uses midnight as their start (not 100% on this, but I called them once about differences I've noticed. Don't remember what they said...been a while back.)
View attachment 157014 View attachment 157015
Anybody ever use this type of chart (below)? Daily distribution...TS.
View attachment 157016
I don't anymore, because after reading Brooks, I see a chart like this and it simply tells me where a range might be.
They are just bar charts (except the fourth). Nothing more. The first simply shows where the day hi/lo is located on a lower time frame (and some great trades if you like that time frame in that style...like a 100 pip sell off with no pullback after the TL break...200 pips if you shorted after the doji at high...which I didn'tTo clarify a point - trading US stocks is not the same as trading FX, so do not expect to SEE the same things when you look at charts!
A chart is a chart to an extent - but if a person wants to make money looking at trading different markets, then they best be prepared to find out the difference between those markets, and why there is such a difference.
Your first 2 charts are terrible - sorry but they are - the next one is much better, and the last one is also much better but I would say to be used for a specific reason.
I am not sure what Mr Brook's stuff is all about, apart from looking at the overview of the book details I posted from amazon - is his material covering stocks specifically, or does he talk about other markets as well.
BTW, who is he, I mean what is his background and was/is his primary occupation - just wondering, as I have no interest in looking it up, but if someone knows then please let us know?
Don't want anyone to think we are trying to take over this thread, as VA bought the course -how much did it cost btw?
J_S
Never heard of them, Surf. Also, if you want to enlighten me on Wizetrade, I have another question...who the hell is Big Mike?...I keep seeing that, too. (I know, I could surf em up on the web...no pun intended...but I'm not following you (another unintended pun...that said, no disrespect regarding what you do). Seriously, my questions are serious.:eek: I'm not familiar with either.
On a completely different subject...you a Florida guy too? I live where they don't have NY accents yet.![]()
I think you won't miss the cold winters! Unless you like cold weather. I came here originally from the upper Midwest after getting stationed in the tropics, and never looked back. The best part, all that salt on the roads up north isn't an issue here. Your car will last longer (unless you drive it into the sea on a bender).Its a price action based software that supposedly uses algorithms to generate buy/sell signals ina simple red light sell greenlight buy format.
I have never seen it and don't know anything about but it seems to have automated price action to a degree.
BigMike?? Its another trading message board but i have never seen it. Just heard about it here.
Yes, i live in south fla. Just a recent migrant from NJ.
surf

Yes, agree! I hate the cold but actually lived in ottawa ontario for 3 years when we were with the central bank right before south fl. Ottawa was pure hell in the winter!!I think you won't miss the cold winters! Unless you like cold weather. I came here originally from the upper Midwest after getting stationed in the tropics, and never looked back. The best part, all that salt on the roads up north isn't an issue here. Your car will last longer (unless you drive it into the sea on a bender).![]()
I hope when you suffered the winters up there, you took some summer time and fished for musky and northern pike! On the other hand, we got some big ass bass down here, and they are fun...as are the catfish.Yes, agree! I hate the cold but actually lived in ottawa ontario for 3 years when we were with the central bank right before south fl. Ottawa was pure hell in the winter!!
They are just bar charts (except the fourth). Nothing more. The first simply shows where the day hi/lo is located on a lower time frame (and some great trades if you like that time frame in that style...like a 100 pip sell off with no pullback after the TL break...200 pips if you shorted after the doji at high...which I didn't), the next two are posted to show a huge difference on the same time frame by two different brokerages (since you brought up highs and lows). The last...I don't use that anymore...just curious if anyone does. It shows where the highest amount of trades were executed.
Post edit: Also, all 4 charts were EURUSD...all were the most recent. Should have mentioned that.