Candle charts with too many shadows

Discussion in 'Technical Analysis' started by IronFist, Feb 28, 2007.

  1. I don't like it when charts look like this. It's even worse on the 1 min charts. Is there anything to do here besides sit on the sidelines until the candles change?
  2. Same chart with 1min candles. Is this normal? Should I not hate this?
  3. Many charts look like this today. All kinds of out of sequence trades.

    Rumor is that MM's are still filling orders from you may have heard lots didnt get filled... :eek:
  4. gpgpgod


    what is there to like? its just a chart :D
    some days its choppy, some days trendy, some days you make money, others you...

    really, specify what do you think is wrong with these charts.
  5. maxpi


    If it looks that bad I would go out to to a much longer bar interval. Sometimes you have to slow down to go faster.
  6. Superimpose the bid/ask lines. That way you might find better entrance and exit trades.
  7. buy/sell when the body is much fatter than all previous ones, hoping it leaves a looong shadow behind as well....I_N_N_I_T :D
  8. chartie


    Well you're using Heikin-Ashi Candles IronFist.

    See if you still dislike the regular candle charts.

  9. That may be it. BUT, 90% of the time if I don't use Heikin-Ashi Candles, it is impossible to see anything on the chart.
  10. Colored ohlc charts are an easier read because you can get more detail from each bar.

    #10     Mar 3, 2007