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Lucrum

Registered: Dec 2003
Posts: 31376

10-28-12 12:37 AM

Quote from Laissez Faire:

240 then. Or 230. Or even 200. Does not really matter.

Anyone?

Having spent literally thousands of hours looking at price charts and playing with different time frames and charting methods. No, it doesn't matter. Which is why I never understood peoples obsession with choosing fib based numbers of ticks or volume.

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Laissez Faire

Registered: Sep 2010
Posts: 4153

10-29-12 12:11 PM

Volume and tick charts really show their value during periods of heightened volatility when single price bars become very large. In this example, price bottomed out 40 seconds prior to the 8.5 point 1-minute bar closing. Observe the corresponding dots on each chart.

Also, observe how compressed the period prior to the breakout is on the volume chart. It contains 3 hours of price action, while the latter half of the chart after the breakout contains 20 minutes of price action.

I`m also learning that the volume chart contains valuable information with regards to reading price at swing highs and lows.

es 12-12 (1 min) 13_09_2012.jpg
This has been downloaded 87 time(s).

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Laissez Faire

Registered: Sep 2010
Posts: 4153

10-29-12 12:12 PM

1000-Volume chart.

es 12-12 (1000 volume) 13_09_2012.jpg
This has been downloaded 84 time(s).

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Laissez Faire

Registered: Sep 2010
Posts: 4153

10-30-12 12:02 AM

Quote from BrakSir:

Now instead of using the 1,000 volume charts to "improve your entry", why not spend 1/100 th of the time using the 100,000 volume chart to "see" where the next big move is going to be, and working your "love it" method in the direction of doing it bigger?.

I`ll let you know when I start "Swing/Position Trading - Time Based Charts VS Price Driven Charts".

Quote from BrakSir:
And for God's sake: Stop reading the advice of idiots!.

Hard to avoid reading the advice of idiots in this world, but I don`t have the habit of taking it.

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