IN THIS THREAD: IronFist learns (the elusive) PRICE ACTION

is this thread still going. Sorry i havnt been posting, I was in Beverlly Hills, then when I got home my damn computer died, I get a new one soon. Has your trading improved over the last month?
 
i'm back home now. I'm feeling better at the moment and hopefully I will keep feeling better.

Let me reacquaint myself with this thread and hopefully I will resume it soon. Most of my browsing has been done from my cell phone for the last 2 weeks, and no trading.
 
Quote from IronFist:

i'm back home now. I'm feeling better at the moment and hopefully I will keep feeling better.

Let me reacquaint myself with this thread and hopefully I will resume it soon. Most of my browsing has been done from my cell phone for the last 2 weeks, and no trading.
More...
glad to see your back and feeling better.
 
Has anyone used any alternative style charts such as renko, kagi, heiken ashi, or P&F to help read price action?

I've been interested in renko charts lately, but haven't come up with a clear strategy to us with them.
 
Quote from kjb1891:

Has anyone used any alternative style charts such as renko, kagi, heiken ashi, or P&F to help read price action?

I've been interested in renko charts lately, but haven't come up with a clear strategy to us with them.
More...

I am no expert, but after learning and experimenting with all kinds of charts, I found that bar charts with the close were the best for reading price action and patterns. They really do embody the history that of price patterns and price reading. Candles really reflect a different kind of price reading history. That's why mixing the two is really a misuse of each. But to each his own. This is just one trader's opinion and as you can see on ET, candles and other charts like renko, work, too.
 
Quote from vingbel:

I am no expert, but after learning and experimenting with all kinds of charts, I found that bar charts with the close were the best for reading price action and patterns. They really do embody the history that of price patterns and price reading. Candles really reflect a different kind of price reading history. That's why mixing the two is really a misuse of each. But to each his own. This is just one trader's opinion and as you can see on ET, candles and other charts like renko, work, too.
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Ving, I agree with you about candle charts. They're what I learned to trade with. I do like them.

I've just been fairly interested in renko charts lately because they can help reduce market noise and help make price action clearer for the human mind to read. I think finding how to set them up and trade them properly is what can make or break their usefulness though.
 
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