A satisfactory conclusion is not supposed to get reached That's the beauty of the market. Everyone has their own concept I don't trade trend or direction. But I do respect those that do trade trend successfully. Goingilte
That statement probably goes a long way to defining why ET is the way it is. There is not set curriculum for this, now is there?
Just talked to Yoohoo. He stated that the volume needs to be added the candles. Im sure Sierra charts can have that done. Btw, how can I make my candles pretty like that?
Change of hands on 1st low Retest on low selling volume confirms no sellers to take PA down Market rises on low volume - the smart money was already in Cavedwellers see market rise on low volume and think volume is useless
Yeah I really like the volume bars on top/below the candles. Very cool. Even though we've gone past Stochastics now, I'm still getting great value out of this thread. 1 - Gotta look at PnF charts. I feel like I am learning a new technique everyday though, so I am probly not going to rush into PnF. We'll see.. 2 - I've heard it many times that I gotta look at volume, and I was doing this before but recently I took volume off of my chart to fill it up with MACD and Stochs. While doing this I was asking myself (where is volume?) and having doubts. I switch to volume bars this morning, but that doesnt do a whole lot unless I constantly check how fast the bars are coming against time. Gotta get back to volume - going to do this right away.. Good stuff here for a new trader imo..
The real reason why most people are against indicators is because they can't make money with them. Those folks should stick with pure Price Action methods. Again, lag is not always a bad thing. Should I get rid of Trendlines because they "lag" price?