Price Action. Please clarify something for me

"valid" only depends on your strategy. Most day traders do not wait for a bar to finish, only for a price to be hit. If your system demands that a price closes over a MA, etc, then yes, you have to wait for the end of the period.
 
Quote from Jayford:

"valid" only depends on your strategy. Most day traders do not wait for a bar to finish, only for a price to be hit. If your system demands that a price closes over a MA, etc, then yes, you have to wait for the end of the period.
More...

Okay.

-Stephen
 
As I said I'm checking out Ninja software now.
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From the above data providers, which one(s) should I
NOT consider from the standpoint of the e-mini S&P 500
futures? This would be from the standpoint of simulated
trading for now.

Thanks,

-Stephen
 
Quote from stephenszpak:

Lamont C

Of course we don't have to talk about candles.
Colored-coded bars are fine to display price flow.

-Stephen
More...

You're missing the point. Trading doesn't stop and start with the beginning and ending of a bar, regardless of how the bar is displayed. It flows. If you want to catch the "beginning" of a move, you look for changes in the flow.

Do "we all" wait for the close of a bar or whatever? No. But many if not most do. Which is why they're so easily caught on the wrong side of the trade.
 
Quote from Lamont_C:
.. All that matters is the price flow. How one displays it has nothing to do with that flow. ..
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Absolutely right.
But how you order that information (bars, charts) is key to perceiving what you are looking for.

For intraday gyrations (eg YM), it is a key consideration if you want to enter your trade in a new move at the very bottom of the preceding opposite move or at the very beginning of the new move.
:)
 
Quote from stephenszpak:


From the above data providers, which one(s) should I
NOT consider from the standpoint of the e-mini S&P 500
futures? This would be from the standpoint of simulated
trading for now.

Thanks,

-Stephen
More...

Depends on your broker. They will tell you which one to use.
 
Quote from Lamont_C:

You're missing the point. Trading doesn't stop and start with the beginning and ending of a bar, regardless of how the bar is displayed. It flows. If you want to catch the "beginning" of a move, you look for changes in the flow.

Do "we all" wait for the close of a bar or whatever? No. But many if not most do. Which is why they're so easily caught on the wrong side of the trade.
More...

Lamont C

Are you saying you use tick bars exclusively?

-Stephen
 
I'm trying to display a chart. I used to know how to take
the image on the screen and paste it into clipboard and
view it. I forgot how.

Ctrl-Alt-PrintScreen???then???

Right clicking on the chart brings up a non-Windows
menu. (The Ninja menu.)

-Stephen
 
Quote from stephenszpak:

I'm trying to display a chart. I used to know how to take
the image on the screen and paste it into clipboard and
view it. I forgot how.

Ctrl-Alt-PrintScreen???then???

Right clicking on the chart brings up a non-Windows
menu. (The Ninja menu.)

-Stephen
More...

I hope this link helps...

http://www.andyrathbone.com/tips/clipbrd.html


also, once you have an Image in clipboard memory an easy way to see it is paste it into MS Word Doc... i do this a lot...

best...

cj...

:)

__________________
HAVE STOP - WILL TRADE

If You Have The Vision We Have The Code
 
Quote from EdgeHunter:

I hope this link helps...

http://www.andyrathbone.com/tips/clipbrd.html


also, once you have an Image in clipboard memory an easy way to see it is paste it into MS Word Doc... i do this a lot...

best...

cj...

:)

__________________
HAVE STOP - WILL TRADE

If You Have The Vision We Have The Code
More...


EdgeHunter

You are a genius.

I have got it into My Pictures. I will try to post it.

If you have the music we have the chords. hee hee
(That is, microtonal music.)

-Stephen
 
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