Are you good at price action and technical analysis?

Discussion in 'Trading' started by longandshort, Mar 4, 2023.

  1. themickey

    themickey

    Work of art!
     
    #11     Mar 4, 2023
    MarkBrown likes this.
  2. Average moved up a bit, but still below 50%
    upload_2023-3-4_16-2-39.png
     
    #12     Mar 4, 2023
  3. very cool. I'll put together something based upon these. Would a tick work too?
     
    #13     Mar 4, 2023
  4. MarkBrown

    MarkBrown

    i set these bars to update on every tick but they are accumulated until there are 5 points of range in movement.

    i use to trade tick bars they are not bad but kase range bars are perfect.
     
    #14     Mar 4, 2023
  5. qlai

    qlai

    Charts out of context are meaningless
     
    #15     Mar 4, 2023
    cloud_9, Sprout, SunTrader and 2 others like this.
  6. mikeriley

    mikeriley

    Not sure I understand your reasoning since all markets
    are moved by time.

    A type of price chart does not move price, all prices
    are in harmonic relationships and attuned to time,
    because human nature, emotional/behavioral activity
    in the markets are moved by time.
     
    Last edited: Mar 4, 2023
    #16     Mar 4, 2023
    cloud_9, trismes and Sprout like this.
  7. themickey

    themickey

    Egg-sack-leigh, and besides, a raging bull market move can have falling bars.
     
    #17     Mar 4, 2023
  8. What’s the context you need
     
    #18     Mar 4, 2023
  9. themickey

    themickey

    It's nigh on impossible to know what the next bar will do.
    If it were that simple, then you'd also know the next bar after that, and the next etc until you were the fastest gazillionaire created.
     
    #19     Mar 4, 2023
    cloud_9, longandshort and qlai like this.
  10. qlai

    qlai

    What kind of stock it is (low float, industry, etc)
    Why is it moving?
    What’s the overall market sentiment?
    How’s level2 and TnS behaving?
    What’s the time of day?
    Where is it trading in relation to intra-day and daily pivots?
     
    #20     Mar 4, 2023
    Sprout likes this.