Hmmm, so a chart is a chart is a chart
Ok then, what is this?
TE
Ok then, what is this?
TE
If you want to fail as a trader, study TA
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Quote from The Expert:
Hmmm, so a chart is a chart is a chart
Ok then, what is this?
TE
No clue. Looks like one of those paintings that some crazy people pay a lot of money for even though I could make them a similar one for half-price.
It's probably a stock chart of BDX if I have to guess though.
Why have only one and limit your B&E approach
An efficient flowchart allows the viewer to follow the required steps clearly and precisely
Fail To Plan > Plan To Fail
TE
Not BDX
Just say what you ACTUALLY see!
TE
I don't think a chart is a chart is a chart. They just look different on everybody's computer depending on the settings.
And the bars I don't get. Price is continuous. Why break it up into bars and buy certain bars instead of other bars. Why not just use a line chart?
One guy buys at support, one guy buys an engulfing bar, one guys buys a breakout of a moving average, one guy buys after stops are run. Just seems like a bunch of nonsense when I really think about it.
Once price hits an important level it just seems like luck whether you get a better or worse price than any of the other guys.
And the bars I don't get. Price is continuous. Why break it up into bars and buy certain bars instead of other bars. Why not just use a line chart?
One guy buys at support, one guy buys an engulfing bar, one guys buys a breakout of a moving average, one guy buys after stops are run. Just seems like a bunch of nonsense when I really think about it.
Once price hits an important level it just seems like luck whether you get a better or worse price than any of the other guys.
Quote from The Expert:
Not BDX
Just say what you ACTUALLY see!
TE
I see a blue bar, a brown bar, and a couple shades of red in the middle. No real pattern to it.
I have a screen where I put 3 timeframes on one page and they are all squished together and look completely different when I unsquish them.
MK,
Regarding these BOBs, I don't daytrade yet, but can't you do something in tradestation to alert you when a BOB occurs, making the colour of the bar very distinctive, so you can react quickly. PLEASE be careful and do your own tests regarding trading using these BOBs as its just theory for me just yet. I note that on the 1 minute chart of NQ that you posted earlier, there was a red BOB just after 9am and the price dropped afterwards. I'm unsure if the idea is applicable only to stocks or other instruments. I should look at a lot of stock charts and see how often the BOBs occur. Maybe TE could advise or warn you against.
MK, you are starting to sound like a loser:eek:
Firstly, to succeed at making GOOD money, you MUST, understand that it is one big GAME, and, as in any game, there will be a loser and a winner.
In order to win, YOU must look at what the losers are doing, and, not do it yourself:eek:
The first trait of a loser is to think that nothing makes a difference, and, that is COMPLETELY wrong, for, the reality is such, that, a very small thing can make the world of difference
So, again, we get back to the Brain, and, if the Brain is not conditioned to process information CORRECTLY, then, what hope has anyone who finds him / her self in such a predicament
If YOU believe in Luck, then, you might as well look up at the Stars and see the many GODS that the ancient people of long ago saw:eek:
All of us are just specs of dust, compressed to form a nice picture
TE
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