Quote from guy2:
Wouldn't you say that activity=volume?
Taking ES's comment and your response to it into account, price is a continuum, as is the activity that moves it. My point was that our efforts to chop up that continuum into digestible bits is by definition artificial. Whatever structure results may be of benefit to us in that it enables us to conceptualize the activity, but the structure itself is irrelevant to the reality.
In Magee's terms, the continuum is the territory; the ticks, bars, whatever are just maps of that territory, none of them with any inherent superiority over any others. Technically, there's no reason why a skilled trader can't trade via only one bar for the day, like a thermometer, or no bar at all.
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