Patterns Observation.

[Don_xyZ]

IgazI's line chart bar is definitely half the size of this pure line chart.

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Now that we're talking about charting, I want to revisit the other candlestick. Heikin Ashi, renko, range. Let's see...


Renko chart

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Range chart

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From these simple comparisons, it's pretty much clear that Renko chart is still superior to Range chart. A range chart (1 pip) just took a lot more info and thus, create more ripples from the incoming tick. While on the other hand, the renko (0.5 pip) is much cleaner. Heikin Ashi is more of a formulated candlestick so I don't think they can be compared side by side.

The problem with count-based chart like Renko and Range is they move very fast unlike regular time-based chart where you can be prepared just seconds before the candle ends. So you need to prepare way ahead and use pending order to not miss the move. I had these charts on MT4 before but it's a headache to find them among the dusty laptops and PC thus, TV.

[kiwiarian]

How would you trade this blank chart?

how about no chart.png

Now this is interesting

Now you are addicted, seeing something from nothing

[IgazI]

IgazI's line chart bar is definitely half the size of this pure line chart.

long line.png

Now that we're talking about charting, I want to revisit the other candlestick. Heikin Ashi, renko, range. Let's see...

Well then allow me to show you even more space-saving magic:

- To the left you have the number of renko bricks: 3-12, then wrapping to the top, 13, 14, 15, etc

- Along the top is the '00', eg 3020 is 30 in the '00' and 20 in the price box:
when a column passes through a new '00' then that number is placed in the '00' box;
looking to the right, you see that price moved up to 3100, 3104, 3108, etc.

- The date goes along the bottom: June 1, 2, 3, 4.

Notice that a trend forms when the lengths move away from the common rotations that are forming that dense band between 3 and 5 bricks:
when you have two that reach 7 bricks or more then price is moving in the direction of the color of the column; notice also that there can be up to a single 'interrupting column' of that length without turning the boat.

There are usually four of these charts per printed page, where the price action moves from the top of the page to the bottom:
we can quickly go through months of intraday price rotation data in just a few minutes and have a good idea as to how a particular market is behaving.

But people would rather say "I don't understand, derp derp derp, why not just use candles?" than learn anything new, so we don't talk about it

price_rotations.png (29.39 KiB) Viewed 629 times

[kiwiarian]

IgazI's line chart bar is definitely half the size of this pure line chart.

long line.png

Now that we're talking about charting, I want to revisit the other candlestick. Heikin Ashi, renko, range. Let's see...

Well then allow me to show you even more space-saving magic:

- To the left you have the number of renko bricks: 3-12, then wrapping to the top, 13, 14, 15, etc

- Along the top is the '00', eg 3020 is 30 in the '00' and 20 in the price box:
when a column passes through a new '00' then that number is placed in the '00' box;
looking to the right, you see that price moved up to 3100, 3104, 3108, etc.

- The date goes along the bottom: June 1, 2, 3, 4.

Notice that a trend forms when the lengths move away from the common rotations that are forming that dense band between 3 and 5 bricks:
when you have two that reach 7 bricks or more then price is moving in the direction of the color of the column; notice also that there can be up to a single 'interrupting column' of that length without turning the boat.

There are usually four of these charts per printed page, where the price action moves from the top of the page to the bottom:
we can quickly go through months of intraday price rotation data in just a few minutes and have a good idea as to how a particular market is behaving.

But people would rather say "I don't understand, derp derp derp, why not just use candles?" than learn anything new, so we don't talk about it

price_rotations.png

Showed the chart to my Nanna, she is looking forward to the next post:)

Bingo.JPG (20.76 KiB) Viewed 576 times

Candles is the default technique that people drop back too if they don't understand things (that includes me) but learning this stuff is interesting and if we practice it enough it will become the new default.
If people want to develop they need to be open to new ideas.

The bingo table and logic seems quite straight forward thanks, I have never played with Renko before so will look at that on say the EURUSD and find out what size the Renko bars (price wise) are to map onto the table.

[BambinoFlex]

IgazI's line chart bar is definitely half the size of this pure line chart.

long line.png

Now that we're talking about charting, I want to revisit the other candlestick. Heikin Ashi, renko, range. Let's see...

Well then allow me to show you even more space-saving magic:

- To the left you have the number of renko bricks: 3-12, then wrapping to the top, 13, 14, 15, etc

- Along the top is the '00', eg 3020 is 30 in the '00' and 20 in the price box:
when a column passes through a new '00' then that number is placed in the '00' box;
looking to the right, you see that price moved up to 3100, 3104, 3108, etc.

- The date goes along the bottom: June 1, 2, 3, 4.

Notice that a trend forms when the lengths move away from the common rotations that are forming that dense band between 3 and 5 bricks:
when you have two that reach 7 bricks or more then price is moving in the direction of the color of the column; notice also that there can be up to a single 'interrupting column' of that length without turning the boat.

There are usually four of these charts per printed page, where the price action moves from the top of the page to the bottom:
we can quickly go through months of intraday price rotation data in just a few minutes and have a good idea as to how a particular market is behaving.

But people would rather say "I don't understand, derp derp derp, why not just use candles?" than learn anything new, so we don't talk about it

The more I look at it, the more I like it. I’m assuming these are made by hand?

I just realized something, this looks like a variant as one of MOs last posts where he counts how many lines/boxes price crosses per candle. Macro pipping. Just in a readable layout vs chart. Am I cold or warm?

[BambinoFlex]

This is what I’m referring to

[IgazI]

Showed the chart to my Nanna, she is looking forward to the next post:)
Bingo.JPG

Candles is the default technique that people drop back too if they don't understand things (that includes me) but learning this stuff is interesting and if we practice it enough it will become the new default.
If people want to develop they need to be open to new ideas.

The bingo table and logic seems quite straight forward thanks, I have never played with Renko before so will look at that on say the EURUSD and find out what size the Renko bars (price wise) are to map onto the table.

Do they not have casinos where you live? have you never seen a Baccarat scoreboard?

The scoreboard was simply reimagined to accommodate the recording of market rotations (price legs, swings).

Yes, they are plotted by hand using office tools.

baccarat.jpg (86.08 KiB) Viewed 520 times

[IgazI]

I just realized something, this looks like a variant as one of MOs last posts where he counts how many lines/boxes price crosses per candle. Macro pipping. Just in a readable layout vs chart. Am I cold or warm?

derp.jpg (12.56 KiB) Viewed 509 times

[kiwiarian]

Showed the chart to my Nanna, she is looking forward to the next post:)
Bingo.JPG

Candles is the default technique that people drop back too if they don't understand things (that includes me) but learning this stuff is interesting and if we practice it enough it will become the new default.
If people want to develop they need to be open to new ideas.

The bingo table and logic seems quite straight forward thanks, I have never played with Renko before so will look at that on say the EURUSD and find out what size the Renko bars (price wise) are to map onto the table.

Do they not have casinos where you live? have you never seen a Baccarat scoreboard?

The scoreboard was simply reimagined to accommodate the recording of market rotations (price legs, swings).

Yes, they are plotted by hand using office tools.

baccarat.jpg

They only have one casino in my city, been in twice total probably so never been into gambling.
On the other side, I play a lot of board games that can be quite strategic and they always have some elements on probability and chance which might be why I am drawn to trading.

[kiwiarian]

IgazI's line chart bar is definitely half the size of this pure line chart.

long line.png

Now that we're talking about charting, I want to revisit the other candlestick. Heikin Ashi, renko, range. Let's see...

Well then allow me to show you even more space-saving magic:

- To the left you have the number of renko bricks: 3-12, then wrapping to the top, 13, 14, 15, etc

- Along the top is the '00', eg 3020 is 30 in the '00' and 20 in the price box:
when a column passes through a new '00' then that number is placed in the '00' box;
looking to the right, you see that price moved up to 3100, 3104, 3108, etc.

- The date goes along the bottom: June 1, 2, 3, 4.

Notice that a trend forms when the lengths move away from the common rotations that are forming that dense band between 3 and 5 bricks:
when you have two that reach 7 bricks or more then price is moving in the direction of the color of the column; notice also that there can be up to a single 'interrupting column' of that length without turning the boat.

There are usually four of these charts per printed page, where the price action moves from the top of the page to the bottom:
we can quickly go through months of intraday price rotation data in just a few minutes and have a good idea as to how a particular market is behaving.

But people would rather say "I don't understand, derp derp derp, why not just use candles?" than learn anything new, so we don't talk about it

price_rotations.png

I feel like I am coming full circle as I feel another technique I learnt using the zigzag tool to get the average leg and number of bars from about 12 zigs is similar. The baccarat table gives more information than the main average it seems.
I wonder if the zigzag tool might be an easy way to record the information into the bingo/baccarat table.

ZigZag.JPG (47.21 KiB) Viewed 488 times

Huh, that's funny, I just clicked on modify to see if that zigzag tool could be hacked and up the top is a comment saying modified by dojirock ...... not sure where I got that indicator from.