Yes, I meant to exploit the daily fad.Originally Posted by ;
Or even, for that matter, independent of time.Originally Posted by ;
For instance:
Range Bars, Tick and PF.
Technical systems are like deciding which ones will be white and which pixels will turn black and taking a look at noise on a TV display. There's just no pattern unless you can figure out how to filter the noise properly, and that is extremely hard.
Price and time are inextricably connected.
The price can't proceed without time departure - that in turn can produce
some easy research. (I enjoy capitalists strategy )
Wether one appears at tick information, or bars of any length, specific observations become the cornerstone of trade stuctures.
If one for example measures the average amount of tick-movement in 1 minute intervalls when compared with the typical amount of tick-movement of 15 moment intervalls. The results will give you enough evidence to make easy
rules.
An individual can reap the benefits of such research as an instance the avg. Price movement for any period in ticks. That in itself isn't the holy grail, but it can put both, extraordinary large, as well as unusual little price movements of particular time intervals in a larger context, so to not expect from a 1 week backtest in an extremely volatile market a trusted test result in terms of overall structure
of price movements during a whole year or longer.
regards
True, but time can pass without range pubs moving or, evenOriginally Posted by ;
in the instance of ticks, with no many ticks being generated.
As you mentioned, seeing the flow of trading wax and
wane using ticks is a great tool. Something that I am surprised
such a large percentage of traders opt not to look at
when they choose a TF... Put simply a chart at which
time is a part of the calculation. Which is actually all I meant
together with my previous independent of time pole.
I always like your articles DT.
Good Trading!
Only dropped to thank you about this record, I've thought about doing about precisely the exact same type of study but I just haven't had time. Now it has already done so I do not need toOriginally Posted by ;
Tremendous thanks!
I do not understand about lower timeframes. Don't enjoy them too much. Never heard of a bank scalper or expert scalper. I want to follow what banks and pros do. More and 30 mins is far better to me.
About one time frame being greater than another in general it is not, it is about which one has a characteristic you can exploit noise has attributes.
Hey your not supposed to be giving away all the secrets. . .LOL
Originally Posted by ;