PowerX Strategy "PowerZ"

[IgazI]

I'm not sure what a post of just a picture is supposed to mean, Pro.

I assume that you are trying to say:
1) none of the top wicks stopped price from going up.
2) the close lowers is what brought the price down.

Look at how much cleaner this is:
- we turned 52 candlesticks into just 14 groups of closing prices.
- we reduced OHLC to just the C
- complexity was turned into simplicity.
- with less to consider, you are more sure about what to do.

wutchu_willis.jpg (69.84 KiB) Viewed 822 times

[aliassmith]

Screen Shot 2023-07-04 at 9.45.58 AM.png

Looks like one of my pics from 8 years ago.

[prochargedmopar]

I'm not sure what a post of just a picture is supposed to mean, Pro.

I assume that you are trying to say:
1) none of the top wicks stopped price from going up.
2) the close lowers is what brought the price down.

Look at how much cleaner this is:
- we turned 52 candlesticks into just 14 groups of closing prices.
- we reduced OHLC to just the C
- complexity was turned into simplicity.
- with less to consider, you are more sure about what to do.
wutchu_willis.jpg

I was pointing to the spike above and a close down.
While price was at a level deemed to be of interest.

See those in the middle?
Yeeeeet!!!
Got F'd.

Pic too big, to many "colors".One sec, I have a phone. LOL

[prochargedmopar]

IMG_3649.jpeg (110.23 KiB) Viewed 796 times

[IgazI]

I'm not sure what a post of just a picture is supposed to mean, Pro.

I assume that you are trying to say:
1) none of the top wicks stopped price from going up.
2) the close lowers is what brought the price down.

Look at how much cleaner this is:
- we turned 52 candlesticks into just 14 groups of closing prices.
- we reduced OHLC to just the C
- complexity was turned into simplicity.
- with less to consider, you are more sure about what to do.
wutchu_willis.jpg

I was pointing to the spike above and a close down.
While price was at a level deemed to be of interest.

See those in the middle?
Yeeeeet!!!
Got F'd.

Pic too big, to many "colors".One sec, I have a phone. LOL

It's a 5-minute chart. . .
if you "got F'd" then you need to trade smaller.

You enter the same way that you exit;
1) price above ranges
2) trail buy limit orders
1) price below ranges
2) trail sell limit orders

Instead of wicks, just use the closing prices of a smaller chart; like a 1 or 2 minute:

you only ever need more closes or fewer closes.

When it comes time to place a trade, we are just trading price levels; so where are your 'better' entries coming from? what do you think you've gained from candlesticks?

[prochargedmopar]

I'm not sure what a post of just a picture is supposed to mean, Pro.

I assume that you are trying to say:
1) none of the top wicks stopped price from going up.
2) the close lowers is what brought the price down.

Look at how much cleaner this is:
- we turned 52 candlesticks into just 14 groups of closing prices.
- we reduced OHLC to just the C
- complexity was turned into simplicity.
- with less to consider, you are more sure about what to do.
wutchu_willis.jpg

I was pointing to the spike above and a close down.
While price was at a level deemed to be of interest.

See those in the middle?
Yeeeeet!!!
Got F'd.

Pic too big, to many "colors".One sec, I have a phone. LOL

It's a 5-minute chart. . .
if you "got F'd" then you need to trade smaller.

You enter the same way that you exit;
1) price above ranges
2) trail buy limit orders
1) price below ranges
2) trail sell limit orders

Instead of wicks, just use the closing prices of a smaller chart; like a 1 or 2 minute:

you only ever need more closes or fewer closes.

When it comes time to place a trade, we are just trading price levels; so where are your 'better' entries coming from? what do you think you've gained from candlesticks?

It's not the size, it's entering more too quickly.

[IgazI]

SL_to_BE.jpg (9.37 KiB) Viewed 640 times

I'm thinking about just using dots for my two lower chart periods. . .

dot_dot_did.jpg (153.69 KiB) Viewed 640 times

aiming to trade out of the H1 price ranges:

h1_ranges.jpg (112.58 KiB) Viewed 639 times

[IgazI]

H1 and M15 are a great combination. . .
this has got to be the most commonly used chart periods, and maybe that's for a reason.

We have 'complexity' with the dots and 'clarity' with the vertical lines;
an idea expressed in the UK spread betting videos.

I hurts my soul to use an M1, after mocking the chart period for so long, but I'm not a close-minded person

i_like_it.png (49.49 KiB) Viewed 614 times

[aliassmith]

H1 and M15 are a great combination. . .
this has got to be the most commonly used chart periods, and maybe that's for a reason.

We have 'complexity' with the dots and 'clarity' with the vertical lines;
an idea expressed in the UK spread betting videos.

I hurts my soul to use an M1, after mocking the chart period for so long, but I'm not a close-minded person

i_like_it.png

You don't want to use M1, its only a bunch of noise.

[aliassmith]

H1 and M15 are a great combination. . .
this has got to be the most commonly used chart periods, and maybe that's for a reason.

We have 'complexity' with the dots and 'clarity' with the vertical lines;
an idea expressed in the UK spread betting videos.

I hurts my soul to use an M1, after mocking the chart period for so long, but I'm not a close-minded person

i_like_it.png

You don't want to use M1, its only a bunch of noise.

It has all the same properties as any timeframe. The moves are proportional to the timeframe.