PowerX Strategy "PowerZ"

[IgazI]

I was watching Tro's last video upload. . .

Opens, highs, lows, closes, colors, statistics, inside bar, outside bar, . . .

and what really matters? the high and low horizontal of a given range.

There are 36 bars on the chart, you've filled your head with no fewer than 180 different data points, only to ignore most of it. . .
so why don't we just start by ignoring most of it?

use_last_two_IN.png (53.95 KiB) Viewed 971 times

On this chart, there are 22 high horizontals and 22 low horizontals,
only about 12 highs and low horizontals represent the chart above!

What do we do with all of that extra processing power?

M10_is_wick.png (47.18 KiB) Viewed 971 times

Oh no, you don't have wicks, how are you ever going to find a trade?

spend_it_here.png (36.35 KiB) Viewed 971 times

[kiwiarian]

I was watching Tro's last video upload. . .

Opens, highs, lows, closes, colors, statistics, inside bar, outside bar, . . .

and what really matters? the high and low horizontal of a given range.

There are 36 bars on the chart, you've filled your head with no fewer than 180 different data points, only to ignore most of it. . .
so why don't we just start by ignoring most of it?

use_last_two_IN.png
On this chart, there are 22 high horizontals and 22 low horizontals,
only about 12 highs and low horizontals represent the chart above!

What do we do with all of that extra processing power?
M10_is_wick.png


Oh no, you don't have wicks, how are you ever going to find a trade?
spend_it_here.png

closes-opens.jpg (127.88 KiB) Viewed 929 times

How it looks to me trying to trade it:

Trading breakouts where price moves above previous candle/range
The letters/"points" are before the candle (range/box) forms.
Point A Open -> Prev candle looked like a turning point, so lets go bullish in breakout out of prev candle. ]-> Candle A forms bullish
Point B Open -> Candle A was bullish, so lets stay bullish at the start of candle B. ]-> Candle B was a bullish candle.
Point C Open -> Looking at prev Candle (B) lets go bullish here. ]-> Not a loss but price slowed down, maybe a turn around.
Point D Open -> Since prev candle C slowed down, lets go bearish here. ]-> Oh dear, we lost as price went bullish
Point E Open -> OK, prev candle (D) was bullish, lets go bullish as well ]-> Candle D had a good run bullish.
Point F Open -> Im a breakout trader, expecting price to go above candle E, did not take trade.
Point G Open -> Will there be a bullish continuation
Point H Open -> The prev candle G had some big momo, still bullish here.

Or
the other way to look at is where price closes above/below previous range/candle
Point A Close -> If candle (range/box) A closes higher than prev candle, do a buy. ]-> Result of Candle B was good, winner
POint B Close -> If candle B closes higher than A, do a buy
Point C Close -> If candle C closed higher than B, buy
Point D Close -> When candle D closes, do a buy since its above prev candle close

and so on.

[BambinoFlex]

Kiwi,

It's about the closes. Igazi's bar charts show the closes. On the regular candle chart, he's highlighting the ranges which is a bottom close and a top close. These two extremes are automatically printed by Igazi's bar chart.

So each Bar Candle creates and "in"

- - - -

On the 10min, he's showing how it's possible to enter at a large chart extreme, by using the same idea of smaller closes.

[IgazI]

I wish that I had a gold star to give Bambino

I'm not using anything with a name,
I'm not doing physics,
there is nothing to learn,

if I show you once then you should say "yeah, duh, of course"

what_am_i.png (35.48 KiB) Viewed 895 times

my_grandma_can.png (43.7 KiB) Viewed 895 times

[kiwiarian]

I wish that I had a gold star to give Bambino

I'm not using anything with a name,
I'm not doing physics,
there is nothing to learn,

if I show you once then you should say "yeah, duh, of course"

what_am_i.png
my_grandma_can.png

I see it as closing prices show the way.
Still got more reading to do then I have

[kiwiarian]

Kiwi,

It's about the closes. Igazi's bar charts show the closes. On the regular candle chart, he's highlighting the ranges which is a bottom close and a top close. These two extremes are automatically printed by Igazi's bar chart.

So each Bar Candle creates and "in"

- - - -

On the 10min, he's showing how it's possible to enter at a large chart extreme, by using the same idea of smaller closes.

Nice chart overlay, mixing the lower closing prices with the HTF closing prices is where I am getting a bit lost, the HTF closing prices by itself makes sense to me.
Will do some more pondering this weekend.

[BambinoFlex]

Kiwi,

It's about the closes. Igazi's bar charts show the closes. On the regular candle chart, he's highlighting the ranges which is a bottom close and a top close. These two extremes are automatically printed by Igazi's bar chart.

So each Bar Candle creates and "in"

- - - -

On the 10min, he's showing how it's possible to enter at a large chart extreme, by using the same idea of smaller closes.

Nice chart overlay, mixing the lower closing prices with the HTF closing prices is where I am getting a bit lost, the HTF closing prices by itself makes sense to me.
Will do some more pondering this weekend.

Here you can see where the 10min bar chart can be used as your entry point. It just like that picture I drew and attached to discord, where the large candle wicks, when you zoom to a smaller chart, are small ranges where you can enter.

The idea is always to be the fly on the elephants back. If you only had the H3 chart, then it might take a minute for the bar chart to print, potentially causing you to lose on a better price.

[kiwiarian]

Kiwi,

It's about the closes. Igazi's bar charts show the closes. On the regular candle chart, he's highlighting the ranges which is a bottom close and a top close. These two extremes are automatically printed by Igazi's bar chart.

So each Bar Candle creates and "in"

- - - -

On the 10min, he's showing how it's possible to enter at a large chart extreme, by using the same idea of smaller closes.

Nice chart overlay, mixing the lower closing prices with the HTF closing prices is where I am getting a bit lost, the HTF closing prices by itself makes sense to me.
Will do some more pondering this weekend.

Here you can see where the 10min bar chart can be used as your entry point. It just like that picture I drew and attached to discord, where the large candle wicks, when you zoom to a smaller chart, are small ranges where you can enter.

The idea is always to be the fly on the elephants back. If you only had the H3 chart, then it might take a minute for the bar chart to print, potentially causing you to lose on a better price.

OK yes, I remember there will be small ranges in the wick of the bigger candle for sure, I would be relying in the HTF for a bias though still.

[BambinoFlex]

Nice chart overlay, mixing the lower closing prices with the HTF closing prices is where I am getting a bit lost, the HTF closing prices by itself makes sense to me.
Will do some more pondering this weekend.

Here you can see where the 10min bar chart can be used as your entry point. It just like that picture I drew and attached to discord, where the large candle wicks, when you zoom to a smaller chart, are small ranges where you can enter.

The idea is always to be the fly on the elephants back. If you only had the H3 chart, then it might take a minute for the bar chart to print, potentially causing you to lose on a better price.

OK yes, I remember there will be small ranges in the wick of the bigger candle for sure, I would be relying in the HTF for a bias though still.

That's pretty much it.

Igazi is showing a simpler way of doing it. Hence the "all that extra processing power" So there's a few extra benefits.

#1. The Igazi Bar Chart allows for a larger view. Just look at the pictures a few posts before. First picture has 36 candles, the bar chart has 22 bars which is equal to 66 3hr candles but it's easier on the eyes and the brain + it might make you realize what the large chart is doing.

#2 Left with only two data sets per bar (top and bottom horizontal), it should hopefully eliminate doubt. "What if price creates a wick and goes the other way" type of thing. Or even the problem we had when trying to figure out the mid point, the third eye dots, etc... Did it close above 75% of the candle range...all those little things that can mess with you.

[IgazI]

I just started learning Italian; maybe I'll create a new thread where I'll post in a language no one here understands. That's what Google Translate is for, right?

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