maddman wrote:I advise you to READ: "Trading In The Zone" by Mark Douglas this may help prepare you for the trading climate.
Very good book for trading...I am currently half way through reading it.
bredin wrote:MO trades without a stop, think about HIS returns
genlogins wrote:Well, IMHO, The Tick, or 1second chart is the real value, and only accurate value.
From that data received by your trading station is converted into drawing lines and candles. The lines we call them indicators, and the candles are just a graphic design representation from where the actual true value of price have passed.
If you see price in any timeframe but on a Line Chart, than that line is drawed from the Close of previous price data at that particular second, to the next close at a particular second. Take M1 as example in line chart, price moves up to down, but never draws the line, that is until the 59seconds, where price closes at a certain value, and that value is connected by a line towards the last close 59 seconds of previous price M1.
When in Bar Chart, than price is drawed by the PC and left a designed pattern of a candle on the screen, instead of a straight line.
I have the Tick chart, from the Spalping days, ohhhhhhh the beauty.........
PebbleTrader wrote:"The 1-tick chart is the REAL MARKET. Any other time period
is a conceptual representation of what occurred between 2
points in time." -TRO
Could you elaborate on that?