Why Is The Obvious Not So Obvious?

M4-1 said:
i thought i have already gone thru that..in fact..i have specifically told people how i identify trades for LR entries..which are key.. after that what ever happens..happens!!
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Sorry, but I'm not yet up to speed on your posts. I'm at page 200.

M4-1 said:
it really doesn't matter what you show..or don't show others..for..it takes a good while for the reality to sink in..i know..as i have gone thru it..since 1999..and a i know exactly what others will do..and what they will not do..as..it is human nature..and that is why..

"some things never really change" :)
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Makes sense.
 
tiddlywinks said:
Focus. That is the reason. Candles draw focus to the body of a bar and the colorization. Bar ends are more important than the bar body. Speaking for myself only, I have used OHLC bars since I was born! lol. So that worked just fine for me while learning, right up to current day! I have no plans of changing bar-type. I think I have been using SierraChart about 15 years. Here in 2021, I could be swayed to change platform, but that investigation is not on any active to-do list.
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Well, if you're saying that the wicks and tails are more important than the body, my personal view is that reading those are far more easy on candles.

It does seem that those using either candles or OHLC bars use it simply out of habit.
 
Laissez Faire said:
Well, if you're saying that the wicks and tails are more important than the body, my personal view is that reading those are far more easy on candles.

It does seem that those using either candles or OHLC bars use it simply out of habit.
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Agreed! Full candle is important in my vision, sometimes body shows the bullish and bearish reversals, for eg, original hammer needs to be confirmed with consecutive more bullish patterns and if big green is there, bulls wins the rally and strong hold over the market
 
Vindago said:
Candles, Bars, wood sticks, don't matter (I am most definitely a Bar man) if you know what you are doing, if you don't...
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Might as well use a line chart then if the O-H-L-C of each bar doesn't matter...?

As far as I can tell from my own studies - it does matter.
 
naturecumforexlover said:
Agreed! Full candle is important in my vision, sometimes body shows the bullish and bearish reversals, for eg, original hammer needs to be confirmed with consecutive more bullish patterns and if big green is there, bulls wins the rally and strong hold over the market
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They do show the same information (candles versus OHLC bars) - they just visualize it differently (hook versus body). To me, I find candles easier to read, but it's possible that those who've used bars find it the other way around.
 
Laissez Faire said:
Might as well use a line chart then if the O-H-L-C of each bar doesn't matter...?

As far as I can tell from my own studies - it does matter.
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Shure it matters, but only if you know what you are doing, otherwise they are just drawing on a chart. I prefer Bars with good reason and I would not change them with candles in a million years, but then that's just me:D
 
Laissez Faire said:
Mind me asking what key information that would be...?

I was only showing one of my charts to be fair. I do of course use MTFA and other stuff.



I do trade directly from the charts in Ninjatrader. It's not a perfect platform and I've considered changing many times, but having used it for so long I'm simply used to it, although I'm sure there are better alternatives.

I'll keep MT5 in mind. :)
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If you already have a lifetime NinjaTrader license, there's little reason to change trading software unless there is something specific that NinjaTrader can't do. For example, NinjaTrader broker doesn't support Hang Seng Index Futures so many traders will open an AMP Futures account specifically for these Asian Futures. AMP broker doesn't connect with NinjaTrader charting software, so that is an example of a good reason to switch to Sierra Charts (free) for this purpose.

For those interested in price action trading, there used to be a very active HSI journal using only the chart and price action. HSI price action around their open (evening hours when ES is slow) is often very agreeable to common setups like two legged pullbacks. https://futures.io/trading-journals/50250-hsi-index-futures-scalping-experiment.html

MetaTrader is one of the most popular charting software. Historically it has been marketed more towards FX traders, but it can also be connected with brokers offering Futures trading. Take a look at this non-exhaustive list of charting software: https://www.ampfutures.com/platforms/

Another very popular thing to do is run your choice of trading software over a VPS because it then allows you to access your workspace over any device. For example if trading on desktop, you can instantly switch to mobile and continue with the existing trades in the same workspace. This setup also makes it so that your trading software never loses internet connection. You don't have to worry if you personally lose connection at home because the trading connection on the VPS with your orders and logic is still connected.

Our trading optimized servers in Chicago are specifically designed for running critical applications 24/7, and commonly used for lag free chart trading over VPS. Many traders have MT4/5 robots running on it as well. I can help by offering a test server.
 
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