Naked Chart Trading and discussion

[Georpe]

I use a DDF (Directional Day Filter) found in a trading book - one of those so many ignorantly say to not to bother with. It takes first 5 minutes trading average and plots for the first 60 minutes of the day.
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Agreed, DDF is great. Tested it after reading through an old pivot thread on this site (Lefty's) and use it every day in my trading now.

 

[MarkBrown]

first off get rid of time element in charting or be left to trading only high and low breakouts

 

[stochastix]

Ain't nothing wrong with trading naked, though some areas have laws against this in public

 

[stochastix]

first off get rid of time element in charting or be left to trading only high and low breakouts

Wtf are you smoking? There is no way to get rid of the "time element" , what else is going to be the axis? Even if you use another measure its still a function of time

 

[stochastix]

From my analysis (Yesterday) CHF is the strongest currency vs CAD being the worst.
CHFCAD is currently flying. That would be my first step. Context, Context, Context.

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From a PA standpoint
We're in a downtrend but made a higher high.
Now we could make a double bottom but the immediate trend is still down.

We would need to reverse in order to establish a double bottom.

USDCHF 15min
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Volpri has a nice journal trading PA only.
I've not dug deep into it but it left good memories.

Here we have our bullish impulse.
We can enter long with a stop below the double bottom.
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But usually I want to buy what's in the upper right corner.
Here the chart is going through the bottom right corner (Sell).

Price is actually continuing lower
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Foolish fools never read fooled by randomness by Taleb. You pulled that trend line out of your ass, it's not really there

 

[Sekiyo]

Foolish fools never read fooled by randomness by Taleb. You pulled that trend line out of your ass, it's not really there

You're not really there, neither.

 

[stochastix]

You're not really there, neither.

I know

 

[Rams Fan]

first off get rid of time element in charting or be left to trading only high and low breakouts

I do get what you are saying. Yet don't you think most small retail traders would be better off if they focus on trading around the highs and lows. And not all high and low opportunities are breakouts. There are also reversals

 

[Rams Fan]

There is no way to get rid of the "time element" , what else is going to be the axis? Even if you use another measure its still a function of time

Yes, and no. Mostly no. But also yes.

 

[stochastix]

Yes, and no. Mostly no. But also yes.

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reminds me of the I-ching, might as well trade by rolling a hexagram and seeing where it lands Best of luck