Please take my quiz. I'm looking to collect data on what the average hit rate looks like for PA and technical traders: https://forms.gle/AbLEkA56HJVxN4598 It's a basic quiz with charts... T stands for trading day. It's not super robust and is only 15 questions, but it's the start of a larger analysis I'm conducting. Not sharing data with anyone, nor will I be spamming you. Email is to limit quiz to 1 participant. I'll publish the findings on this thread. Thank you!
if you did not use time based charts i could take the test. this perfectly illustrates the fallacy of injecting time into a dynamic data series. what does time have to do with anything, it's the price you trade.
I don't mind the time based charts but I'd like to see volume and a couple more time frames. 5 minute chart is noise.
He means a non-time-based bar, such as tick, range or renko. A bar that does not change because of a fixed-time interval.
would love to get people to take the quiz just to collect data on what the average hit rate looks like on a 5-min basis. can do additional quizzes after with feedback from respondents
It would only be a wild assed guess. I have no idea what is going to happen in the next 5 minutes. I use price action or TA to look for repeating patterns to determin if I will take a trade. Without seeing volume or more info (higher time frame) I can't make that decision. Maybe some of the day traders can.
Kase Range bars - there are several ways to build them. I use fixed point size so every bar is the same size and represents a range of trading action like 5 points on ES regardless of how long it takes to form the bar. i trade almost every bar long short or trend. typical time in trade 1-120 seconds.