The NQ is active enough :). At the beginning of the session I don't need more than a half-hour, and the 5 or 10s suffice, unless one is trading...
I use 5s and 10s charts, which enable me to follow the ticks while also providing context. And I trade the NQ so I have no idea what those who...
Perhaps if one is scalping. Otherwise it pays to know the context.
They are not contrary if one views price movement during any given trading session as continuous. All charts are tick charts. The differences in...
The word "all" was used deliberately to note that the character of a particular transaction will depend in large part on what happened prior to...
A tick, as you know, is simply a record of a transaction. It is only when the ticks are combined in some way that they become an "indicator". As...
For those who are interested, DbPhoenix posted about twenty chart examples of volume analysis in the context of buying and selling climaxes and...
It's the difference between having 10 years' experience and having one year's experience ten times.
If one doesn't have a consistently profitable system within a year, he ought to find something else to occupy his time. This doesn't mean that...
Take all the trades that meet your criteria; don't take trades just for the sake of racking up a bunch of trades. If your "winrate" suffers, then...
A "lower win rate" can occur for many reasons, only one of which is whether the approach is discretionary or systematic. Attempting to isolate...
Yes, I am. His work changed everything for me. You may also want to look at a series of posts focused on reversals and accompanying volume...
With all due respect, this is made so much more complicated than it needs to be. I strongly suggest you at least look at this thread before...
Both Livermore and Wyckoff used a form of point&figure in their charting. When used intraday, it served chiefly as a kind of shorthand that...
Trading plans invariably become egocentric, the trader’s chief concerns being where do I enter, where do I exit, what should my target be, what...
I don't know that I would call this shift "recent". As one can see from the chart, the shift occurred at around '94, when the internet age dawned,...
Six bite-sized posts on conquering fear: About fear . . .
Have you read John Magee's General Semantics of Wall Street? I suspect you'd enjoy it, particularly the discussion of maps and territories as...
Observation, hypothesizing, record-keeping. Eventually one becomes sensitive to the meanings of all those movements.
It needn't be one or the other. Anticipate those levels or zones or points at which you expect traders to behave a certain way -- such as...
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