ProchargedMopar's Trading Trilogy

[prochargedmopar]

5 sec chart, over and over and over.

I'm not watching it except to verify after the fact. M1 shows all. LOL

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[IgazI]

5 sec chart, over and over and over.

I'm not watching it except to verify after the fact. M1 shows all. LOL

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My ideal candle is constructed:
open equals <== close
high
low
close equals ==> open

This setup would make the M1- charts easier to read.

[prochargedmopar]

This Morning

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[prochargedmopar]

5 sec chart, over and over and over.

I'm not watching it except to verify after the fact. M1 shows all. LOL

###misc1.jpg###misc2.jpg###misc3.jpg###misc4.jpg###misc5.jpg

My ideal candle is constructed:
open equals <== close
high
low
close equals ==> open

This setup would make the M1- charts easier to read.

You lost me.
In ur thread?

[IgazI]

5 sec chart, over and over and over.

I'm not watching it except to verify after the fact. M1 shows all. LOL

###misc1.jpg###misc2.jpg###misc3.jpg###misc4.jpg###misc5.jpg

My ideal candle is constructed:
open equals <== close
high
low
close equals ==> open

This setup would make the M1- charts easier to read.

You lost me.
In ur thread?

The way that candlestick charts are constructed is broken, that's all I'm saying:
there is no reason why there should be a gap in price without a market halt.

[prochargedmopar]

I'm done for now.

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[prochargedmopar]

My ideal candle is constructed:
open equals <== close
high
low
close equals ==> open

This setup would make the M1- charts easier to read.

You lost me.
In ur thread?

The way that candlestick charts are constructed is broken, that's all I'm saying:
there is no reason why there should be a gap in price without a market halt.

Hmmmmm, Dave uses No gap candles. I don't like the looks.

[aliassmith]

My ideal candle is constructed:
open equals <== close
high
low
close equals ==> open

This setup would make the M1- charts easier to read.

You lost me.
In ur thread?

The way that candlestick charts are constructed is broken, that's all I'm saying:
there is no reason why there should be a gap in price without a market halt.

Of course there can be gaps. If price moves 1 tick as the next candle starts to form you get at least a 1 tick gap.

[IgazI]

You lost me.
In ur thread?

The way that candlestick charts are constructed is broken, that's all I'm saying:
there is no reason why there should be a gap in price without a market halt.

Of course there can be gaps. If price moves 1 tick as the next candle starts to form you get at least a 1 tick gap.

. . . I'm saying that there is no reason to construct a chart where gaps can exist.

Plot it CHLO, where 'C' is the previous "close" and 'O' is the first tick of a new period; using only open prices and the HL to construct a chart.

[IgazI]

Hmmmmm, Dave uses No gap candles. I don't like the looks.

I don't give that young man enough credit

S/R always forms around the closing prices:

you only need the bounds of the candle body to represent the open or the close, not both.

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