Why do people use Volume, Range and Tic charts?

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Great news. Sierra Chart pre release 227 support constant volume bar/candles that cut at the exact amount. I just started using, but so far all candles are cutting at the exact amount. A lot cheaper than MC at $28 per month.
 
Quote from ProfLogic:

Rule:
You can ONLY shoot groundhogs at night that are on the road.

Action: Groundhog is seen at dark in grass.
Reaction - Nothing, not on road.

Action: Groundhog is seen at dark in pool.
Reaction - Nothing, not on road.

Action: Groundhog is seen at sunrise in road.
Reaction - Nothing, not at dark.

Action: Groundhog is seen at midnight chasing a mouse on the center line of I-95.
Reaction - Dead Groundhog, shot between the eyes.

Get the point? Can this be tested for accuracy to count all groundhogs shot at night? Sure it can. Is it subjective? No, not if the rules are strictly followed.

A loose interpretation leads to subjectivity. A strict following of the rules leads to objectivity.

I guess it comes down to whether one trusts themselves to follow rules or is it in ones nature to take short cuts, be less than truthful about their actions or have limited confidence in their ability to follow directions.
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You can take this one and frame it ... matter of fact I think I will - in my mind, where it matters.

I always use multi-frames of reference Razor (since we realize that time doesn't matter here, I don't say multi-time frames ... small distinction, but the devil is in the details).

You [the reader] have to start putting in the time with thes charts, the resident pros can guide you, but that's all they can do, they won't be standing there beside you when you pull the trigger on the trade, bro.

The more time you spend with the charts in real-time hours (aka screen time), the better your sub/super conciousness will be able to communicate to you what it is you need to know to act and be successful on a concious level.

That can't be taught, and it can't be bought, either. :)

Good trading,

JJ
 
Quote from marketsurfer:

this is an example of your misunderstanding.

objective testing has nothing do with my or your results, hence the word objective. you are speaking of subjective testing which in the world of science is meaningless.

provide the code and i will be happy to have your system tested in a proper objective fashion and report back the results.

otherwise, simply admit there is subjective bias and we can agree.

regards,

surf
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Surf, first of all, this Journal is in the TRADING section, what the hell are you doing over here? :confused:

Fiction is over to your left ... as in your Journal where your lastest (typo on purpose) YM trade has gone hundreds of points against you, again and again ... that's not going to happen using these methods, ever.

Word up, you need to do the house keeping over on your J, and get rid of those dweebs over there who keep trying to diss you, not come over here trying to trash-talk.

Good trading (for those who want to),

Jimmy Jam
 
Quote from ProfLogic:

My apologies I usually do a larger format. I will repost later in the wek with some fresh charts.
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Proflogic,

Thank you for your kindness; I will wait for your new charts.

Bernard
 
Quote from marketsurfer:

this is an example of your misunderstanding.
.......................................................

regards,

surf
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hello Surf,

I gather from your comments over the weeks that this thread is not to your taste, and yet like a moth to a flame you are drawn back to it time and time again.

As the OP of this thread I would ask you to (re)state any issues that you may have and I will address them to the best of my ability.

Either my response will put your mind at rest or it will not, in which case this thread can be of no further help to you.

regards
f9
 
Quote from Razor:

Hi Prof,

Thanks again for taking the time to reply and explain, you and Anek are both some real class guys :D

I am off to bed but I will read and re-read this a couple of times tomorrow morning.

One quick question: You say you really only need one chart to trade....if I wanted to knock out 2 - 5 trades a day on the NQ would you recommend just watching the 2401vb and nothing else ?

Cheers :D
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If you have to trade the eMini NASDAQ then the 343 would be the best for scalping. Personally I like the indices up till 10:30 am EST then I switch to the eGrains (eSoybeans & eWheat) because the swings are smoother and te profit potental is the same.

To each their own though.
 
Quote from dandxg:

Great news. Sierra Chart pre release 227 support constant volume bar/candles that cut at the exact amount. I just started using, but so far all candles are cutting at the exact amount. A lot cheaper than MC at $28 per month.
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Thanks for the update. What is your dtafeed?
 
Morning all :D

Thanks Prof, here are some quick questions you may have missed from my prior reply:

PS: More silly questions I am sure but what is your definition of 'PPF' and 'Breach' on your charts ? Also, how does a chart switch from 'primary bull' to 'primary bear' and vice versa ?

Cheers :D




Quote from ProfLogic:

If you have to trade the eMini NASDAQ then the 343 would be the best for scalping. Personally I like the indices up till 10:30 am EST then I switch to the eGrains (eSoybeans & eWheat) because the swings are smoother and te profit potental is the same.

To each their own though.
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Ninja Trader gives you unlimited free license for charting and demo trading. Then register for free zen-fire data feed from ampfutures. Enjoy free live charting.

Regards,
redduke
 
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