trend lines [part 1]

Quote from gerry875:

the volume thing: pure bullshit. by the time a volume bar is complete (5 min. bar for example) and you would then know whether it is a green or red bar - it will be already much too late to enter. all those things maybe look tempting in hindsight but for a complete newbie only - it's like with all those indicators. they can serve as a support or confirmation - but basically they are useless. applying this crap will make millionaires - but on the other side of your trades.
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To clarify a couple things for you, Volume Bars don't move in minute increments they move in user defined volume increments so there can be no such thing as a 5 minute Volume Bar.

Trends don't reverse with the creation of one specific point as well. It takes breaking through a specific price range created by the extreme oscillations established in the existing trend to allow a reversing trend to immerge. This being the case, a trader can see entry points play out leasurely. Missing an entry by one bar then is no major loss . . . unless the trend you are following and the environment you are trading is one of scalping. Then there are no rules.

I absolutely agree that indicators are only for confirmation but that doesn't make them useless.
 
Quote from ProfLogic:

To clarify a couple things for you, Volume Bars don't move in minute increments they move in user defined volume increments so there can be no such thing as a 5 minute Volume Bar.
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i'm afraid i don't understand - if i trade for example with a 5 minute chart - and there is one volume bar per price bar - then what?
 
Quote from gerry875:

i'm afraid i don't understand - if i trade for example with a 5 minute chart - and there is one volume bar per price bar - then what?
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If you trade with minute charts each bar is consists of all the transactions that occurred in that minute increment time frame. Volume Bar Charts are charts where each bar is made up of a user defined number of contracts or shares traded per bar. Volume Bar Charts omit the variable aspect of viewing price because the time factor is eliminated. It's makes a big difference. Like watching HD TV versus the signal coming in from an antenna.
 
Quote from ProfLogic:

If you trade with minute charts each bar is consists of all the transactions that occurred in that minute increment time frame. Volume Bar Charts are charts where each bar is made up of a user defined number of contracts or shares traded per bar. Volume Bar Charts omit the variable aspect of viewing price because the time factor is eliminated. It's makes a big difference. Like watching HD TV versus the signal coming in from an antenna.
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i think we're talking about two different things.
 
Quote from vedanta:

"The draft handout: Channels for Building Wealth; a Background Paper for IBD MeetUp Tucson, 136 pages, dated 12 MAR 2006, published and copyrighted by Adobe Llamingos of the Saxby Foundation. is a better solution"


Where can I get a copy of this ?
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Hi Jack

I tried to contact you but you are not accepting emails, can you email a copy of this draft handout or explain how I can get it ?

Thankyou
 
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