PowerX Strategy "PowerZ"

[Don_xyZ]

A boot right in the 'feels' if you're a day trader. . .

This dude has lost his marbles.
Trade less?
Don't trade when it's slow?
Ok, so If I see a setup DON"T MAKE MONEY.
GTFO
Take breaks? Like, when I would rather be doing something else? Ok
Back to the charts it is!!!! hahahahahaahahahah

Oh but you haven't seen a guy who taught astrology for trading. For real, this guy's smart, have like 6 or 7 titles behind his name and I was like there goes my chance to invent something crazy in the trading world

[BambinoFlex]

A boot right in the 'feels' if you're a day trader. . .

Oh but you haven't seen a guy who taught astrology for trading. For real, this guy's smart, have like 6 or 7 titles behind his name and I was like there goes my chance to invent something crazy in the trading world

I have a trading buddy that mentions the moons and stuff. I just zone out when he starts connecting the dots

[IgazI]

That a greater number of closing prices is all that is needed to accurately plot the price action of a given timeframe is the point.

The problem with wicks is that wicks are a price without a time;
If you are long MSFT and short AAPL, you can't subract the high of AAPL from the high of MSFT, because you don't know when the moves happened.

With closing prices, you know that at a certain time the price was x, and that if you were there at that time, you could have traded away from it; you're focused on one type of data, and there is a rhythm.

Wicks are great in two places:
1) hindsight
2) after the close

As was mentioned in the video, dial it all the way down to ticks and you have all of the information; dial it the other way and you have less detail and more clarity. you. only. need. more. closing. prices. or. fewer. closing. prices!

patterns_breakouts.jpg (172.12 KiB) Viewed 854 times

weekly_daily.jpg (122.11 KiB) Viewed 854 times

[prochargedmopar]

That a greater number of closing prices is all that is needed to accurately plot the price action of a given timeframe is the point.

The problem with wicks is that wicks are a price without a time;
If you are long MSFT and short AAPL, you can't subract the high of AAPL from the high of MSFT, because you don't know when the moves happened.

With closing prices, you know that at a certain time the price was x, and that if you were there at that time, you could have traded away from it; you're focused on one type of data, and there is a rhythm.

Wicks are great in two places:
1) hindsight
2) after the close

As was mentioned in the video, dial it all the way down to ticks and you have all of the information; dial it the other way and you have less detail and more clarity. you. only. need. more. closing. prices. or. fewer. closing. prices!

patterns_breakouts.jpg

weekly_daily.jpg

Bodies (closes) show the way, Wicks show not the way.

Wicks and bodies can both be "gaps" in price.
Wicks can show the way when preceded by closes.
Notice most of my trades today were entries on "Wicks" in direction of loss.

Wicks;
3. Before the next close and at a better price.

[IgazI]

Someone is confused, and that someone is not me

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[IgazI]

I don't even want to post MO quotes. . .
Pro always getting me to respond in ways that I don't want to

"Price cannot fall on wicks, nor can it move lower without closing lower"

The closes show the way down, the closes show the way up.

Wicks cannot and do not "show the way".

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Or, if you're into Oliver,. . .

"Price cannot fall without. . .BOOM pffffffffffffft!"

oliver.jpg (36.35 KiB) Viewed 765 times

[aliassmith]

I don't even want to post MO quotes. . .
Pro always getting me to respond in ways that I don't want to

"Price cannot fall on wicks, nor can it move lower without closing lower"

The closes show the way down, the closes show the way up.

Wicks cannot and do not "show the way".

revisited.jpg

Or, if you're into Oliver,. . .

"Price cannot fall without. . .BOOM pffffffffffffft!"

oliver.jpg

Ive been looking at this and I traded with this in mind.
Closes higher than previous high, show the way higher.
Closes lower than previous low, show the way lower.

This is in a zone of interest.

[kiwiarian]

I don't even want to post MO quotes. . .
Pro always getting me to respond in ways that I don't want to

"Price cannot fall on wicks, nor can it move lower without closing lower"

The closes show the way down, the closes show the way up.

Wicks cannot and do not "show the way".

revisited.jpg

Or, if you're into Oliver,. . .

"Price cannot fall without. . .BOOM pffffffffffffft!"

oliver.jpg

I think we can all agree that looking at just the 30 min candle, no one is going to take a short in the next 30 min period, yes ?

Monster candles -> Boom - Tfft Tfft tfft

[kiwiarian]

That a greater number of closing prices is all that is needed to accurately plot the price action of a given timeframe is the point.

The problem with wicks is that wicks are a price without a time;
If you are long MSFT and short AAPL, you can't subract the high of AAPL from the high of MSFT, because you don't know when the moves happened.

With closing prices, you know that at a certain time the price was x, and that if you were there at that time, you could have traded away from it; you're focused on one type of data, and there is a rhythm.

Wicks are great in two places:
1) hindsight
2) after the close

As was mentioned in the video, dial it all the way down to ticks and you have all of the information; dial it the other way and you have less detail and more clarity. you. only. need. more. closing. prices. or. fewer. closing. prices!

patterns_breakouts.jpg

weekly_daily.jpg

The problem with wicks is that [b][u]wicks are a price without a time

Need Tro's mid and 1/3 dots to record the dot placement time on the current candle in real time.

[prochargedmopar]

Someone is confused, and that someone is not me
not_me.jpg

It appears your record is scratched.
IT KEEPS SKIPPING.