PowerX Strategy "PowerZ"

[IgazI]

So far chapter 6 is my favourite

You're moving quickly.

I usually listen to these books while I am trying to fall asleep.

[nonibadsha]

So far chapter 6 is my favourite

You're moving quickly.

I usually listen to these books while I am trying to fall asleep.

Sitting in my taxi waiting for customers.. for hours and hours.
It's the crappiest job I've ever done.. Hence this study to get out of this game and into trading.

[nonibadsha]

Daily chart with Hight Low Close plotted.
Most of the noise removed.
Keep the MA?

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[IgazI]

Daily chart with Hight Low Close plotted.
Most of the noise removed.
Keep the MA?

EURUSDDaily.png

I'll just tell you what I use most often and then you can do whatever you want.

Chart periods: biweekly (OHL), daily (OHL), intraday (CC+Closing Ranges)
Studies: ratio charts (CC), closing ranges, closing prices, daily+ OHL.

Additional Studies: interesting but don't personally use:
Color-coding price bars (PowerX, Alias, etc)

I would be more inclined to use a color code than plot an indicator.

I focus on the four questions and the prices that we are plotting.

[nonibadsha]

Daily chart with Hight Low Close plotted.
Most of the noise removed.
Keep the MA?

EURUSDDaily.png

I'll just tell you what I use most often and then you can do whatever you want.

Chart periods: biweekly (OHL), daily (OHL), intraday (CC+Closing Ranges)
Studies: ratio charts (CC), closing ranges, closing prices, daily+ OHL.

Additional Studies: interesting but don't personally use:
Color-coding price bars (PowerX, Alias, etc)

I would be more inclined to use a color code than plot an indicator.

I focus on the four questions and the prices that we are plotting.

Could you kindly show some example charts please.

[IgazI]

Alright, time to count the peanuts:

Staking Rewards:

Average entry price: $0.40

total at the end of last month: 89.139322

total so far this month: 107.495529

Gain: 18.356207 ADA
Gain at the average price: $7.342
Total gain compared to the average price: $42.998

[prochargedmopar]

Meaningless.

Of what benefit was it in actual practice?

Every chart, timeframe, instrument is the SAME,
Over and over and over and over and over......
You tell me.

It seems then that your truth and my truth differ, and so there is nothing for me to tell you.

Pointy places, yes, I see. . .history, would haves, should haves, yes. . .makes great hindsight material.

If you need more information then you take more samples:

30 minute closes not doing it for you? go 15, or 10, or 5, where the difference between the closing price and the extremes are negligible.

There is no need to add complexity where simplicity will suffice.

We must be living in parallel yet alternate realities.
Only explanation.

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[IgazI]

Could you kindly show some example charts please.

The intraday charts are exactly as shown in the above posts:
the 30 minute close is connected to the hourly close and the hourly is given a horizontal bar.

You can use the break of 1-3 closing ranges to trail your stop loss.

The larger charts are just naked price bars.

A ratio chart just shows you the value of something as it relates to something else:
eg, BTC/ADA: 1 Bitcoin = 57,903.18 ADA, or ADA/BTC: 1 ADA = 0.00001726 Bitcoin

If it took 30,000 ADA to buy 1 Bitcoin then what does the chart look like? cheaper Bitcoin, right?
and I would be more inclined to sell my ADA and buy Bitcoin.

What if it took 107,000 ADA to buy 1 Bitcoin? I would then be more inclined to trade Bitcoin for ADA!

[IgazI]

We must be living in parallel yet alternate realities.
Only explanation.

Or you don't understand that a chart of 30 second closing prices is going to close into the wick of a 1 minute candle chart and that the difference between the charts will be negligible.

If we go back further to 15 seconds and then 10 seconds it will consume more and more the range.

And the original argument was: "what does an OHLC chart show you that a chart of the closes (example given is a chart of 1/2 the candle period) doesn't"

And the answer should be obvious. . .it has nearly the same output for double the input: OHLC vs CC.

[prochargedmopar]

the market is truly on an endless loop.
Same thing over and over and over and over and over ON ALL TIMEFRAMES!

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