Why do people use Volume, Range and Tic charts?

Discussion in 'Trading' started by fearless9, Nov 13, 2006.

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  1. With all due respect JJ, you are allowing yourself to be sucked down into someone else's game and thereby giving them a psychological hold in a game that does not involve trading for a profit.

    Now, I am only here for the money, nothing else is of concern to me.

    As the originator of this thread, it either runs a positive course as indeed it has or I lose interest fast.
    Nothing more nothing less.
     
    #271     Dec 4, 2006
  2. may i suggest the following book for those who are seeking knowledge in the trading game. it's very easy to create a trading system that appears to be highly accurate due to the concept explained here:

    http://www.amazon.com/Innumeracy-Ma..._bbs_sr_1/103-8344203-1878248?ie=UTF8&s=books

    those with alternative motives play upon this unfortunate situation resulting from general american education.


    regards,

    surfer
     
    #272     Dec 4, 2006
  3. A couple more items:

    If you are taking a divergence signal, you need another indicator to confirm it.

    A SMA 20 is as good as any.

    For example, here is an example where the SMA 20 does confirm the divergence ...
     
    #273     Dec 4, 2006
  4. ... and here is an example (from today) where the SMA 20 does not confirm divergence.

    Regards,

    JJ
     
    #274     Dec 4, 2006
  5. Boy are you ever right about that one! :D

    Duly noted f9

    Henceforth MS is on ignore

    Best Regards,

    JJ
     
    #275     Dec 4, 2006
  6. The only Ergodics I have is for TS8 & TS2000i. I don't have one for NT or IB. If you want one of those I will post it but they are older and haven't been updated in a while. I use MultiCharts. Just let me know.
     
    #276     Dec 4, 2006
  7. WARNING - This book has absolutely nothing to do with what I am explaining here.
     
    #277     Dec 4, 2006
  8. Euro FX Intraday Chart - 12/04/06
     
    #278     Dec 4, 2006
  9. eMini S&P Intraday Chart
     
    #279     Dec 4, 2006
  10. Prof Logic and others,

    Do you find that you charting programs cuts bar at exact volume you desire? I can't Sierra Chart to give me an exact 2401 volume candle or any other volume desired for that much. I have some stop at 2420 all the way up to 2511 on the high side. I guess I am asking does it matter so much PL?

    Reason being I seem to find candlestick patterns on these volume chart that correspond with swing high low, but some are with volume to high or low, making me concerned I am not seeing the correct pattern. Hopefully that makes sense?

    Dan
     
    #280     Dec 4, 2006
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