That's an interesting place to enter a short trade, man. Would you mind shedding some light on your thinking about why to enter when you did?
Naked Chart Trading and discussion
- Thread starter TrAndy2022
- Start date
ok, this is a good one. More please
Only 1.8 pips Drawdown on this USDJPY long trade with 44 pips Take Profit, so effective 25:1 RRR trade !
Well I was really looking forward to reading about your getting rid of the time element thing, care to elaborate?
if i didn't have company for the holiday i would elaborate as it is my favorite subject.
this below pretty much explains the basic's of it.
https://www.investopedia.com/articles/trading/10/range-bar-charts-different-view.asp
When you say eliminate time I drew a blank like wtf? In my world everything is based time? I will check it out, Thanks, I hope you had a nice holiday,
When you say eliminate time I drew a blank like wtf? In my world everything is based time? I will check it out, Thanks, I hope you had a nice holiday,
- compartmentalizing data into blocks based on range rather than time, just makes perfect sense.
- price movement is what we trade not time segments, yet the industry seems to be stuck on time.
- the perfection of math has been questioned but all are blinded by the influence of time upon math.
- time is not math, to interject something non-mathematical into a math equation seems destructive.
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Point and figure chartsWhen you say eliminate time I drew a blank like wtf? In my world everything is based time? I will check it out, Thanks, I hope you had a nice holiday,
In essence similar to pattern recognition, I am not referring to flags or angles, more like bars grouped in a peak or a dip, this makes perfect sense, so does applying the math to the specific block, but what it also does, it creates a pleasant distraction, Thank you for the info,