yes I prefer tick charts because you will not get the long bars and to me the price action is smoother
haha ok, I was wondering why all of my 1 minute bars looked different. I meant to ask u about that yesterday but forgot about it.
the retracements and lines should still be the same I just prefer them so if no trading is going on you get less bars or candles
Mondays action on the nq with a 330 tick chart. pretty choppy but chances to make money if you follow the rules!
Here is the chart for the nq today, lots of chances to make money following the supply and demand lines I also marked all the swing highs and lows to make finding the trades easier
Slugar, Your SL/DL lines are not consistent with the entries. There has to be a break before a retracement can be considered. The second long around 60-61 is a bit tricky to understand even in hindsight. How do you see it as a viable entry, even though it's the lowest point of the day? What made you consider it an entry spot for a long, and how does one recognize it in RT? Entries are marked on the chart before the DL/SL break. That means either your entries are early, or your SL/DL need to be tighter. Which do you think you prefer and why? Gringo
Gringo, my supply line on the first long should have been drawn tighter the second long the market couldn't make a lower low so I marked it. My mistake is in the short around 1226 because we were clearly in an uptrend and since we made another higher low I marked the long.supply and demand lines are only a part of the plan I also like to use swing highs and lows to gauge supply and demand. Thanks for asking gringo