Are you good at reading the chart?

Discussion in 'Technical Analysis' started by longandshort, Jun 27, 2023.

  1. %%
    LOL Line charts look to much like moving averages. Never did like confusion:D:D
     
    #31     Jul 5, 2023
    countryBoy641 and FortuneTeller like this.
  2. maxinger

    maxinger


    You should just focus on being a holy saint to cut down
    sinners like LGBT, queer queens etc.

    Trading is not your expertise.
    Being nasty, critical, and unforgiving is your expertise.
    Your life is filled with hatred, anger, and negative emotions.
    Anyway, continue to be a holy saint.
     
    #32     Jul 5, 2023
  3. [QUOTE="maxinger, post: 5833272, member: 153904"
    Your life is .... and negative .
    Anyway, continue to be a holy saint.[/QUOTE]
    %%
    Sorry \sounds like you love line charts, fine with me ;
    but pointing out the line chart negatives could be a positive:D:D
    You must not like moving averages much??
    Good ; we dont want all using the same thing......................
     
    #33     Jul 5, 2023
  4. SunTrader

    SunTrader

    Cut down on noise. Try it sometime, especially on daily timeframe.
     
    #34     Jul 5, 2023
    murray t turtle likes this.
  5. Daily time frames are for investors. Seeing just the close and not the highs and lows do not suit an intraday trader. At least for me they don't.
     
    #35     Jul 5, 2023
    murray t turtle likes this.
  6. Redneck

    Redneck

    Reading a static chart is no where even close to reading PA real time.., as it unfolds

    Two identical bars - in a vacuum..., may appear the exact same


    Observe while they are actually being formed - and how each arrived at the exact same point may tell an exact opposite story


    Why looking / reviewing static charts has very limited benefit

    ETA - always be mindful - price is fractal

    RN
     
    #36     Aug 20, 2023
    NoahA likes this.
  7. maxinger

    maxinger

    I didn't bother to analyze the chart.

    I just clicked LOWER on all 14 questions.

    And I scored 9/14!!!!!!!

    This shows
    if you blindly trade, you could earn $$$$.
    or
    the questionnaires are worthless/useless
     
    #37     Aug 20, 2023
  8. %%
    I never was that great with names+ that lack of skill there has not changed much LOL:D:D
    Next 1 minute line or candle means little, especially by itself, without a context.
    But i remember Long+ short nickname= better than average.
    NEVER mistake the man for the moment or woman:caution::caution: Calendar overrule$ moment.
    No disrespect intended for market makers or specialists.
     
    #38     Aug 21, 2023
  9. The questionnaire measures skill by comparing score to the distance from the mean. So if everyone does that then no one is more skillful than anyone else. Make sense?
     
    #39     Aug 21, 2023
    murray t turtle likes this.
  10. Rams Fan

    Rams Fan


    I agree. The exercise assures only a random outcome. It is designed to "prove" the futility and folly of chart reading, rather than to assess a particular individual's chart reading acumen.

    For a proper exercise, I would think that one should provide candles or ohlc bars, and the previous day's data set as well.

    It is one thing to conjecture whether then next candle will close higher or lower than the previous candle's close. But doing so with no context and removing all data but for the previous candle's close is not an exercise in chart reading.

    Also, a five minute or higher candle aggregation would be preferred to a one minute, but that might be my own bias creeping into the wish list.

    This exercise as it is designed would be like taking a random page from War and Peace, removing all the consonants, leaving only the vowels, and asking us to guess the next word.
     
    #40     Aug 21, 2023