PowerX Strategy "PowerZ"

[IgazI]

It doesn't matter if you do it the hard way or the easy way, price is going to move up through lines or down through lines

chappy.png (22.3 KiB) Viewed 1139 times

[BambinoFlex]

Would that be the end goal? Risk lines to make lines?

I’ll play with the vertical line charts and see what I find.

—-

I’m still using the daily lines that stretch from high to low and project into the next day. Same idea in essence as what you showed, trading the daily, and trying to find an entry intraday but with the angles predefined at the start of the new day.

[IgazI]

Would that be the end goal? Risk lines to make lines?

I’ll play with the vertical line charts and see what I find.

—-

I’m still using the daily lines that stretch from high to low and project into the next day. Same idea in essence as what you showed, trading the daily, and trying to find an entry intraday but with the angles predefined at the start of the new day.

The end goal is to get to max size and then sit back and ride a large chart as it moves through multiple lines;
what do you want? what do YOU want? that's the million dollar question

Whatever you decide, you're trading for size first and then you're worrying about the larger moves; you can still capture larger moves with small size, but that is not really what you're going for. . .be more inclined to take profit and resize.

One exercise, that will help you figure out what you want out of a chart, is to capture your screen and stick it in a 'paper trades' folder before heading off to bed; put every 5 pictures in a separate folder and review the sets as you have time.

fly_or_.jpg (37.43 KiB) Viewed 1064 times

The 10 minute chart on the right covers around 28 hours,
The H3 closes, as we know, is basically the daily chart,
and the daily closes keep us focused on ways in which we can maximize gains.

So what is it that you are trying to do, and how do you picture yourself achieving it?

If you know what you want, and how you plan on getting it, then it is just a matter of working each day towards that end.

You're timing was off, so what! did the picture change? did the plan change? your feelings might be hurt, but that never killed anyone

XAU_2023-07-01.jpg (175.62 KiB) Viewed 1064 times

[BambinoFlex]

Would that be the end goal? Risk lines to make lines?

I’ll play with the vertical line charts and see what I find.

—-

I’m still using the daily lines that stretch from high to low and project into the next day. Same idea in essence as what you showed, trading the daily, and trying to find an entry intraday but with the angles predefined at the start of the new day.

The end goal is to get to max size and then sit back and ride a large chart as it moves through multiple lines;
what do you want? what do YOU want? that's the million dollar question

Whatever you decide, you're trading for size first and then you're worrying about the larger moves; you can still capture larger moves with small size, but that is not really what you're going for. . .be more inclined to take profit and resize.

One exercise, that will help you figure out what you want out of a chart, is to capture your screen and stick it in a 'paper trades' folder before heading off to bed; put every 5 pictures in a separate folder and review the sets as you have time.

fly_or_.jpg

The 10 minute chart on the right covers around 28 hours,
The H3 closes, as we know, is basically the daily chart,
and the daily closes keep us focused on ways in which we can maximize gains.

So what is it that you are trying to do, and how do you picture yourself achieving it?

If you know what you want, and how you plan on getting it, then it is just a matter of working each day towards that end.

You're timing was off, so what! did the picture change? did the plan change? your feelings might be hurt, but that never killed anyone
XAU_2023-07-01.jpg

Well said Igazi! Apart from Maximum Size for Maximum Ride, I want to buy when price is going up and sell when price is going down.

The “how” is the fun part! Enter when price is “in” and stack at the small “in’s” on my way to an “out”

Yeah, my feelings get hurt when I’m late to the party
Everyone isn’t born a MO or an Igazi, but I’m getting there

[kiwiarian]

This is the next indicator that I am having someone build;

the two charts that no one seems to appreciate,

combined line charts and bar charts.

As I've mentioned previously, "vertical-line charts" are better suited for day trading; where using broad strokes will not suffice.

COHL.jpg

Not unappreciated, just not understood that's all. For us trained monkeys given comics on candle stick trading, it's a bit harder to unsee and then resee. It was the same when Don went to line charts and then dots, a bit of a mind shift there.

[Don_xyZ]

This is the next indicator that I am having someone build;

the two charts that no one seems to appreciate,

combined line charts and bar charts.

As I've mentioned previously, "vertical-line charts" are better suited for day trading; where using broad strokes will not suffice.

COHL.jpg

Not unappreciated, just not understood that's all. For us trained monkeys given comics on candle stick trading, it's a bit harder to unsee and then resee. It was the same when Don went to line charts and then dots, a bit of a mind shift there.

I still use dots but I guess it's easier if I post using standard CS so my readers/visitors know what I'm talking about. Or maybe I should just put both so people can compare them?

[Don_xyZ]

This is the next indicator that I am having someone build;

combined line charts and bar charts.

As I've mentioned previously, "vertical-line charts" are better suited for day trading; where using broad strokes will not suffice.

COHL.jpg

Not unappreciated, just not understood that's all. For us trained monkeys given comics on candle stick trading, it's a bit harder to unsee and then resee. It was the same when Don went to line charts and then dots, a bit of a mind shift there.

I still use dots but I guess it's easier if I post using standard CS so my readers/visitors know what I'm talking about. Or maybe I should just put both so people can compare them?

How 'bout this?

Jun. 30 22.22.jpg (77.76 KiB) Viewed 950 times

Jul. 02 20.54.jpg (96.51 KiB) Viewed 950 times

Also, I've been meaning to ask if anyone knows why is it when I close my trades using the button there is no arrow and circle like when I drag the closed position manually from the trading history like the 2nd chart above? Any idea?

[IgazI]

Not unappreciated, just not understood that's all. For us trained monkeys given comics on candle stick trading, it's a bit harder to unsee and then resee. It was the same when Don went to line charts and then dots, a bit of a mind shift there.

I still use dots but I guess it's easier if I post using standard CS so my readers/visitors know what I'm talking about. Or maybe I should just put both so people can compare them?

How 'bout this?

It's all the same to me, it just depends on how you like to view the price history.

Personally, I prefer to group the dots so that I can plot the same information in 1/2 to 1/3 the chart space.

grouping.jpg (12.67 KiB) Viewed 919 times

With a continuous line, you are forced to focus on the V's, whereas with grouping you are more drawn to the movement from one close to the next and what price does between frames.

captured_movement.jpg (17.9 KiB) Viewed 919 times

Either way, you just find a price level that you are interested in and trade away from it. . .

quick_markup.jpg (77.61 KiB) Viewed 919 times

[IgazI]

This is the next indicator that I am having someone build;

the two charts that no one seems to appreciate,

combined line charts and bar charts.

As I've mentioned previously, "vertical-line charts" are better suited for day trading; where using broad strokes will not suffice.

COHL.jpg

Not unappreciated, just not understood that's all. For us trained monkeys given comics on candle stick trading, it's a bit harder to unsee and then resee. It was the same when Don went to line charts and then dots, a bit of a mind shift there.

". . .at the end of every band we have one point (the close). . ."

". . .So, you can see, that by segmenting time, you can get greater and greater clarity. . ."

". . .the tradeoff between complexity and clarity is constantly with you in terms of trading. . ."

". . .the greater the interval, the more you smooth the price action. . ."

What is a good balance between clarity and complexity? one large chart and one small chart.

If closing prices are enough, then what's the point of plotting OHL?
also, if you ever do start trading intermarket/month spreads, you can't use HL

M30_vs_M10_closes.jpg (87.35 KiB) Viewed 865 times

[IgazI]

A boot right in the 'feels' if you're a day trader. . .