Just took a look at this 7 Tick Range Bar - another Range Condition. This happens more than most traders realize. Trading in a Range Condition - can be very Profitable - if you know how to trade it and you do NOT need any special Indicator or Algo.
Inside bar forms after highest high bar, then doji (indecision) outside bar, which upon break of that lows can be considered completion of Head and Shoulder to sell.
It seems like and endless discussion on all these forums, and each to his or her own i quess. Charts are just visual aids which slice and dice price, time and/or volume/orders in various ways. That's it. It is really the same discussion if a histogram is better or a frequency table. I only use a chart for a quick view, but numbers itself are just a lot easier to analyse and slice and dice to your own liking. Some statistics are just difficult to plot graphically
I'm not sure I follow. Exactly what "bars" are you referring to? The bar that @ironchef was referring to was in response to the following post:
There are 3 bars shown before your entry. How are we supposed to see "chop" before your entry with that? What is "chopped" is your price scaling of candles - a whole lotta empty space (showing nothing) squeezing the bars. Why?
ok i will bite what do you use then? that question as begging to be asked. in this business of trading, it better you understand what it is, that you are using and doing. do you? i am not insulting you i am trying to help you.