price action trading

[saakk]

Last 2 trading sessions i tried trading "175 ticks chart" but i guess i was so use to time chart that i was unable to calculate the time properly on tick chart and lost the "FEEL" of price.

 

[augubhai]

Last 2 trading sessions i tried trading "175 ticks chart" but i guess i was so use to time chart that i was unable to calculate the time properly on tick chart and lost the "FEEL" of price.

I think that time charts show patterns more clearly - my wild guess is that it's because operators have some incentive in getting time bars to close at a particular price... So, the manipulator's intent is visible on the time charts.

For all I know, I might be talking crap, but the reason for my comments is in point 2 of this post...
http://www.traderji.com/trading-diary/86833-augubhai-systematic-trader-5.html#post806240

Range Bars and Renko are useful in their own way - but u will not find dojis with them

 

[saakk]

I think that time charts show patterns more clearly - my wild guess is that it's because operators have some incentive in getting time bars to close at a particular price... So, the manipulator's intent is visible on the time charts.

For all I know, I might be talking crap, but the reason for my comments is in point 2 of this post...
http://www.traderji.com/trading-diary/86833-augubhai-systematic-trader-5.html#post806240

Range Bars and Renko are useful in their own way - but u will not find dojis with them

Dear Augubhai,
Do you really think index and currency futures can be manipulated?

 

[augubhai]

Dear Augubhai,
Do you really think index and currency futures can be manipulated?

Index Futures... like Nifty. Oh yes, observe the ticks near the close of the 5 min bar. A few ticks at the close, can decide whether it is a green or red doji, or a shaved bar. I keep observing the unusual movements toward the close of a bar. Just guessing that it matters enough for some big moneyed folks.

Currency Futures... don't know, haven't observed much.

 

[saakk]

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[timepass]

Index Futures... like Nifty. Oh yes, observe the ticks near the close of the 5 min bar. A few ticks at the close, can decide whether it is a green or red doji, or a shaved bar. I keep observing the unusual movements toward the close of a bar. Just guessing that it matters enough for some big moneyed folks.

Currency Futures... don't know, haven't observed much.

So, then look at 4 or 6 min charts.. simble

 

[TraderRavi]

So, then look at 4 or 6 min charts.. simble

u mean kapil sibbal !!

 

[timepass]

u mean kapil sibbal !!

Nah.. that's "simple" written in Malyalam :lol::lol:

 

[saakk]

Went short at double top and it failed, it became breakout pull back failure...

 

[saakk]

Being on the wrong side of the market puts you in double loss 1st is the trade you took which SL got triggered and 2nd is the opportunity loss by missing the the trade in other direction. Its a fail 2nd entry short of the low's, twice bears tried to bring down the price and failed.