Who rules the charts?

Discussion in 'Trading' started by Rodbuilder, Aug 20, 2019.

  1. What the hell does that mean? Sounds like something written by a politician!!
     
    #31     Aug 26, 2019
  2. tomorton

    tomorton


    Means what its says. Markets do not flip at the close of one bar from trend to range or range to trend. Its impossible to use a trend-following strategy up to the close of the bar and then start a range-trading strategy with the open of the next.
     
    #32     Aug 26, 2019
    padutrader likes this.
  3. %%
    Looks like both are correct:cool::cool:, :cool::cool::cool::cool::cool::cool::cool:
     
    #33     Aug 28, 2019
  4. volpri

    volpri

    That depends on how you define range. A doji bar is a 1 bar range. If you dial down to smaller tf that doji bar is a range alot longer than a 1 bar range.

    Every trend bar, bull or bear, is a BO bar, and a climax.

    The market is always,nat all times, in a range, a trend, a channel.
     
    #34     Aug 29, 2019
  5. tomorton

    tomorton


    Had some similar thoughts recently. I am purely a trend-follower, using only the D1 charts. That said, I usually enter by pre-set order on a counter-trend bar. For example, in an uptrend when a recent daily bar has printed with a lower high and lower low, I would set an entry order at the low bar's high. In one sense this is trend-following, in another its trading a reversal.
     
    #35     Aug 29, 2019
  6. easymon1

    easymon1

    mr rodbuilder,
    Have you been satisfactorily answered yet?
     
    #36     Aug 29, 2019