Bias long
But
If you want to buy dips
A fresh start! Doji's Trading Journal
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newscalper
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You should never have more than 2 lines on your chart as more lines will just serve to confuse you.
I favor the LIS early in the trend up until just beyond the 1-2-3 breakout.
I use same color inside candles & color change late in the trend; waves 3 & 5.
There is a time to actively trade a chart and there is a time to passively trade a chart by deciding to hold no matter what the short term picture is telling you.
I favor the LIS early in the trend up until just beyond the 1-2-3 breakout.
I use same color inside candles & color change late in the trend; waves 3 & 5.
There is a time to actively trade a chart and there is a time to passively trade a chart by deciding to hold no matter what the short term picture is telling you.
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newscalper
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newscalper
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This is what I mean with this kind of bar - to look at the weekly, you think 'down' or 'nice profit made short. when in fact price is WAY up and beyond the high extreme of the bar.
You can't look at these things in hindsight and say 'profit'.
I know standard HA have similar issues but I don't think they go beyond the extreme like that.
You can't look at these things in hindsight and say 'profit'.
I know standard HA have similar issues but I don't think they go beyond the extreme like that.
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Karma
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If that was a line chart it would look very similar.
Do you really need the current candle to imagine what's happening between the previous close and the current price
Do you really need the current candle to imagine what's happening between the previous close and the current price
"Profit is found in a thinking mind. If you come to this . . . with pen and paper in hand then you will fail to find the beauty that exists within yourself." - MightyOne
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newscalper
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newscalper
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dojirock
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Just one short today
Last edited by dojirock on Tue Aug 06, 2013 6:16 pm, edited 1 time in total.
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
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newscalper
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newscalper wrote:This is what I mean with this kind of bar - to look at the weekly, you think 'down' or 'nice profit made short. when in fact price is WAY up and beyond the high extreme of the bar.
You can't look at these things in hindsight and say 'profit'.
I know standard HA have similar issues but I don't think they go beyond the extreme like that.
I use the Dragon Chin (avrg extremes) for breakout trading on small charts.
On large charts I turn on the bars and trade from the actual extremes.
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