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[DblArrow]

Quote from IzzyfoShizzy:

That made things a bit clearer, thanks. I'm wondering, when you are looking at charts for trends like that, how far back in time do you go? do you look at the chart of the past week, or the chart of the past 3 months, etc.

I think i may want to try trading technically but i dont want to do it until i get a better understanding of it.

Again that depends, what time frame are you looking at? Days, weeks, months, hours, minutes?

I use a 5 min chart and a 4181 constant volume chart with a 20 ema and only need to look at a couple of hours. I also look at the daily and like to see about a year, but mostly just to see the big picture.

Many, many good books out there on the technicals of trading, John Murphy is a good one to give a great big wide perspective.

 

[Champion]

From pumpanddumper:"I just hope each day I can change some person who is dumb money to smart money." Really .. won't happen. A fool and his money is easily parted. Thats the way of the world. And the endless supply of ET noobs & wannabes tells the same story day after day.

 

[nkhoi]

Quote from DblArrow:

..a 4181 constant volume chart ..,

how do you come up with this number? doom day? birth day?

 

[Wasabi]

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[DblArrow]

Quote from Wasabi:

1
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987
1597
2584
4181

Bingo!!

 

[MandelbrotSet]

Quote from DblArrow:

Bingo!!

Are you serious?

It looks like hocus-pocus.

I'm not flaming, I'm just looking at his number sequence iteration ... and well, it's like you're seeing images in a Rorschach Inkblot Test ... people see what they want to see with those things.

I mean, shouldn't a setup be as non-specialized as possible ... there's a word for this, it escapes me at this red-hot moment, if I remember I'll edit the post.

 

[jack hershey]

Quote from MandelbrotSet:

Are you serious?

It looks like hocus-pocus.

I'm not flaming, I'm just looking at his number sequence iteration ... and well, it's like you're seeing images in a Rorschach Inkblot Test ... people see what they want to see with those things.

I mean, shouldn't a setup be as non-specialized as possible ... there's a word for this, it escapes me at this red-hot moment, if I remember I'll edit the post.

lol...live and learn ..maybe

 

[DblArrow]

Quote from MandelbrotSet:

Are you serious?

It looks like hocus-pocus.

Of course its hocus-pocus - its called Fibs and so many people use it and don't that it's not even funny!