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Posts Made By:
josh
Forum:
Traders Hideout
November 10th, 2019, 09:03 PM
Replies:
52
The Close of a Bar or Candle is Meaningless
Views:
14,800
Posted By
josh
Sorry to disappoint you with no wisdom following...
Sorry to disappoint you with no wisdom following :-D -- I have my opinions about this for sure, but I purposely have avoided talking about anything I do, to let this topic and thread stand on its...
Forum:
Traders Hideout
November 8th, 2019, 02:36 PM
Replies:
52
The Close of a Bar or Candle is Meaningless
Views:
14,800
Posted By
josh
So, if you made those bars in your chart HL bars...
So, if you made those bars in your chart HL bars only, with no open or close, you wouldn't have enough information to take the trade you want?
Several of the bars on the last test lower closed...
Forum:
Traders Hideout
November 6th, 2019, 09:12 PM
Replies:
52
The Close of a Bar or Candle is Meaningless
Views:
14,800
Posted By
josh
It all makes sense -- I use bars the same way,...
It all makes sense -- I use bars the same way, except mine are volume based. That is, a tall bar has a different meaning from a short bar. But one thing I don't get still: let's say your last and...
Forum:
Traders Hideout
October 28th, 2019, 09:59 PM
Replies:
52
The Close of a Bar or Candle is Meaningless
Views:
14,800
Posted By
josh
I'm certainly not an expert of any kind in...
I'm certainly not an expert of any kind in fundamentals. However, I think no matter what one's method involves, it absolutely helps to understand current market drivers. Recently this would include...
Forum:
Traders Hideout
October 28th, 2019, 09:32 PM
Replies:
52
The Close of a Bar or Candle is Meaningless
Views:
14,800
Posted By
josh
Thanks for your post -- two things come to mind...
Thanks for your post -- two things come to mind here:
1) It's definitely not impossible for retail traders to have a fundamental-first approach. It's true that they don't have the same level of...
Forum:
Traders Hideout
October 28th, 2019, 03:32 PM
Replies:
52
The Close of a Bar or Candle is Meaningless
Views:
14,800
Posted By
josh
What do we really mean when we say "gap"? We mean...
What do we really mean when we say "gap"? We mean that there is so little interest to sell (in a gap up) or buy (in a gap down) that the market ("market" means the order book, specifically the BBO...
Forum:
Traders Hideout
October 27th, 2019, 05:25 PM
Replies:
52
The Close of a Bar or Candle is Meaningless
Views:
14,800
Posted By
josh
This sounds like another case of "it's important...
This sounds like another case of "it's important because people use it," which I think is very true. I'd disagree though, that "institutions" as a whole are watching 5 minute bar closes to make...
Forum:
Traders Hideout
October 27th, 2019, 05:00 PM
Replies:
52
The Close of a Bar or Candle is Meaningless
Views:
14,800
Posted By
josh
That's a very good point -- there are many...
That's a very good point -- there are many derivative pieces of information that, if enough entities use it as a data point (say, a 200 day MA), gains relevance, and then becomes relevant enough to...
Forum:
Traders Hideout
October 25th, 2019, 11:37 AM
Replies:
52
The Close of a Bar or Candle is Meaningless
Views:
14,800
Posted By
josh
Thanks all for the great replies so far! To...
Thanks all for the great replies so far!
To be clear, this topic started is not why you shouldn't use charts (I do use them myself) or why a 233 tick chart is useless (I use a volume chart). My...
Forum:
Traders Hideout
October 25th, 2019, 11:13 AM
Replies:
52
The Close of a Bar or Candle is Meaningless
Views:
14,800
Posted By
josh
Great post and thank you -- actually, I use a...
Great post and thank you -- actually, I use a chart similar to this as well, except I don't plot a closing price. I will double the volume occasionally to see a more zoomed out view, and vice versa....
Forum:
Traders Hideout
October 25th, 2019, 11:08 AM
Replies:
52
The Close of a Bar or Candle is Meaningless
Views:
14,800
Posted By
josh
This is a very balanced viewpoint and I...
This is a very balanced viewpoint and I appreciate it. Of course, my initial post is not meant to change anyone in the least, if they are using something that is working for them. It's meant more to...
Forum:
Traders Hideout
October 25th, 2019, 11:05 AM
Replies:
52
The Close of a Bar or Candle is Meaningless
Views:
14,800
Posted By
josh
Thanks for your comment, and I agree with you --...
Thanks for your comment, and I agree with you -- I also use a chart, several in fact, but I don't use a closing bar price as a data point, and I don't place any emphasis on an individual bar, I just...
Forum:
Traders Hideout
October 24th, 2019, 11:10 AM
Replies:
52
The Close of a Bar or Candle is Meaningless
Views:
14,800
Posted By
josh
The Close of a Bar or Candle is Meaningless
When I took my first trade 12 years ago, all I knew were charts, and the candles or bars that filled them. I quickly learned, as you all have done, to see the "story" associated with a series of...
Showing results 1 to 13 of 13
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