Trade this Chart IV

I have to disagree somewhat, as well.

Intraday chart volume is quite different from
daily chart volume, in that intraday volume tends to
have a trough mid-day.

Would you consider an opening candle with 100K volume
the same as an mid-day candle with 100K volume
equivalent?? :D

peace

axeman




Quote from maggandre:



I have to interject. I think everyone is missing the point of what inandlong is doing. You don't have to know if this is a daily chart, a 15-minute chart, a 1-minute chart. You don't even need to know the price, or what chart it is. NONE of that matters.

The point of the exercise is to better understand price action. Can you tell where the chart is going? Where would your stops be if you entered at point X? Etc, etc, etc.

Except for volume, I don't think any indicators should be added either. All indicators are based on price and volume. Learn how to understand price and volume, and trade the chart!

This is it man. This is what it is all about. This is the show, baby!

IMHO, of course.
More...
 
Quote from inandlong:

You are long 5k shares at the green line in early May. You have a nice profit. You have done a nice job hanging for a good run. Now, your teenager wants a car, and the college tuition is due.

You don't want to leave much on the table, but is there more?

Trade this Chart!
More...

Yes theres more... if theres no danger sign to get out, then hold the position.
 
Quote from axeman:

I have to disagree somewhat, as well.

Intraday chart volume is quite different from
daily chart volume, in that intraday volume tends to
have a trough mid-day.

Would you consider an opening candle with 100K volume
the same as an mid-day candle with 100K volume
equivalent?? :D

peace

axeman
More...

Hey axeman. Actually, I do not use volume on my inrtraday charts. I trade off candles and s/r.

The only time I consult volume is on daily/weekly charts, and then it is only a secondary indicator for me.
 
Quote from axeman:

I have to disagree somewhat, as well.

Intraday chart volume is quite different from
daily chart volume, in that intraday volume tends to
have a trough mid-day.

Would you consider an opening candle with 100K volume
the same as an mid-day candle with 100K volume
equivalent?? :D
More...
Very good point. And I wouldn't use a 7 iron into a 20 mph wind when 150 yards out. But on the practice range, when grooving the swing for the 7 iron, and not worrying about all of the potential hazards on the course... I can learn about the 7 iron and only the 7 iron.

We'll work on proper club selection, varying the stance, opening and closing the clubface, etc. when the time comes. Right now, let's just get a good swing down.
 
Heeeeyyy.... that's good! :) Do you have an advisory service? "Yesterday's Action Today"

That's pretty funny posting that now sixth'. Good one!
 
You must log in or register to reply here.
Back
Top