dude, thanks for the support, but your right, that was a little too close for comfort.....but the ultra high risk has paid off big time thus far!
Why do people use Volume, Range and Tic charts?
- Thread starter fearless9
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dude, thanks for the support, but your right, that was a little too close for comfort.....but the ultra high risk has paid off big time thus far!
Tick Charts are not consistent. GLOBEX destroyed them and any consistency they USED to have last August when they started arbitrarily grouping transactions together.
On top of that Ticks are transactions and the though seemingly consistent they are made up of a varying amount of shares or contracts per bar. Each transaction or Tick contains different volume. I've found, over 11 years of research, that by eliminating the variables in your charting you increase the clarity of the price movement contained in each particular chart. By trying to view a chart where volume varies, bar by bar, it is like adding static to a television picture. You can see the picture but not clearly.
Constant Volume Bar charts, not just Volume Bar Charts are the most consistent charts that exist. Ensign & MultiCharts are the only charting companies that offer them. Candlesticks are better used on Constant Volume Bar Charts as well.
Regardless of how you trade or your method or system, clarity and accuracy of price movement is critical to making consistent and accurate decisions based on your own particular edge.
Not how many but how much.
Ever watch TV and not like the station? You turn the channel.
With (CVB) constant volume bars you select the amount for your style of trading (Intraday, Swing, Position & Long Term) and each market, commodity, or stock is different depending on the "Average Daily Volume". I personally use fractals or perfect squares and created a method of nesting the charts which I discussed in detail at the beginning of this thread.
this makes not sense whatsoever, even within its own framework.
every time period would contain a differing number of bars due to each bar being formed within an ever changing time frame since their formation is based on varying volume within the bar and not a static environment like time. by definition, the chart is a static entity requiring price to move through time in order to move "across" a chart. if the bars are not consistent timewise, the formations, S/R, et al--the core base of analysis is meaningless. your statements above make no sense and are flawed at even the most basic logical level as i have just shown
surf
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