"Therefore, price action would be the movement of price over a period of time and its velocity. In other words, how far did it move and how fast was it moving. "
I left out something... how many ticks(trades) over the period of time.
Price could have a 10 pip range in a hour. It could be 1, 10, 100, or 1000 ticks. That may be handy to know.
2009.06.24 WHY 95% OF TRADERS LOSE PART III
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- TheRumpledOne
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Hey TRO, I'm new here so I apologise if this is a dumb question but.... I've seen MO say many times 'the current candle is an illusion'. You seem to be saying (and have been saying since I started reading NLA about 6 wks ago) the current candle is the only truth.... I can't get my head around both of these statements at the same time....you both seem to be saying opposite things. Please correct me if I've misunderstood u, I'm here to learn! Thanks also for all the effort you go to!
ps maybe you should add a second t-shirt to the production line...'Can you SEE it!'
ps maybe you should add a second t-shirt to the production line...'Can you SEE it!'
- TheRumpledOne
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I don't recall saying the current candle is the only truth but it doesn't matter.
All that matters is you correctly identify what PRICE is doing at the time you enter the trade and exploit it.
DON'T LET THE RAT BEAT YOU!
All that matters is you correctly identify what PRICE is doing at the time you enter the trade and exploit it.
DON'T LET THE RAT BEAT YOU!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
My apologies, I was 'interpreting' your statements rather than quoting u directly. I should have said doesn't 'all that matters is what price is doing now' mean that whatever is happening now, in the moment, is the only truth?
Is there an equation for working out the speed of price?
Does volatility of a pair have a bearing on speed or is it a seperate piece of the puzzle?
Is there an equation for working out the speed of price?
Does volatility of a pair have a bearing on speed or is it a seperate piece of the puzzle?
- prochargedmopar
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TheRumpledOne wrote:
Is there something "wrong" with this picture?
TO BE CONTINUED...
too funny,
I looked at that chart and was like, hmmm, what's wrong with it?
I looked at the 3 huge momo bars.
I looked at the small re-tracements after each bar
I looked at the Huge drop and thought to myself, this thing is about to reverse, It can't go lower.( my main problem in trading).
always thinking the market can't go further while my account is being drained......LOL
Then looked at the next post and realized the colors were reversed.
doh.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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- TheRumpledOne
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speedometer indicator
TheRumpledOne wrote:I wrote a speedometer indicator...
(close - open) / timeframe
Hi TRO
Is this indicator now available for download ? Thanks
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