Johnny Rock's comeback
- Thread starter johnnyrock
- Start date
Strong day!
Have you always used candles and that indicator down on the bottom ATR?
I have used bar charts before but I feel like I am missing something. However, several successful traders on this site use them effectively. I think I will switch that up.
The ATR indicator I use has a range if 1 which is not how most people use it.
The reason why is so I can quickly look at the indicator and see how the range compares to other candles/bars. I can alsi tell if its within 10 or 20 cents so that I know the risk.
My idea is based on Maoxians dummy trading system - albeit very loosely - and Farley's teaching on contraction and expansion.
Its a work in progress.
Check out yestetdays bar chart. The afternoon break down actually looks "cleaner" than it does with candles.
I will keep this look for awhile.
I have tried everything from market profile, point and figure, bar and candles; probably to my detriment.
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If you are a newbie visiting this journal for the first time, don't confuse likes with expertise!
Most of my "likes" come from me being snarky!
Most of my "likes" come from me being snarky!
Update:
- Sold my grow lights today
- Saved about an eighth for my bug out bag (2 hits and you are stoned for 2 1/2 hours)
- Smoked once in the last 10 days
- Mary Jane, I will miss you, but I need to focus!
Your time is limited, don't waist it in the fog and The only way to do great work is with a clear head. Cheers*
That ATR provides little value and you should try adding volume. Volume doesn't work all the time but when it spikes on the 30mn, and you get a reversal bar close, weak close, or strong close near a top or bottom, then there is meaning.