If those bone heads had the magic the profess, they would not be in the business of selling the "magic". Think about it.
Absolutely right. What are the charts displaying anyway? Its the mid price for FreeStockCharts and TC2000, but why not display the offer or the bid, it would make a difference in the way that 'precise' lines would be drawn. If the underlying prices of a 5 min chart were resampled and displayed as 5 min bars but with the sampling (not the price data) shifted say a couple of minutes then the chart would look slightely different - but the underlying information would be the same. Its what is seen in the brain that matters, not whether lines are drawn precisely or not.
I agree that the lack of a snap to price is inefficient but, I disagree with you asserting that it's also inaccurate. What appears to be a valid trend line on an arithmetic daily chart is often the exact opposite when you change to a logarithmic weekly chart. Warts aside, I've yet to find a charting program that lets you cycle through charts as quickly as TC2K does.
this is one of the worst comments i've read in awhile. its hardly microscopic when you are talking about angles and degrees. a few degrees difference in a bar can be magnified largely on a chart in some future time.
if you are trading price and price alone and use these tools for precision, it does not matter if one type of time frame or chart setting is similar to another or duplicates the same lines. it matters if the specific chart setting you are on allows accuracy and precision for the tools you use to quantify and read price.
All vendors are always behind the times. I certainly would not use any of the vendors recommended so far.
jack hershey Registered: Feb 2003 Posts: 5391 09-26-11 07:33 PM All vendors are always behind the times. I certainly would not use any of the vendors recommended so far. Who do you use?
I'm sorry. When you are in trading for 53 years, you don't use vendors. You use only clean data. The people mentioned do not offer clean data. AFAIK the Worden business has changed generations in management and the kids are unfamiliar with the financial industry's needs.
"if you are trading price and price alone and use these tools" Why the need for tool(s) if you're trading price alone? "if the specific chart setting you are on allows accuracy and precision for the tools you use" "Specific" is just another way of saying "curve fitting." I'd continue, but you've made it pretty apparent that you don't appreciate the difference between lin-lin and semi-log graphs.
tools just mark highs and lows and certain levels of supply and demand. nothing that is a derivative of price. specific, in this matter, is not another way of saying curve fitting. g'day