Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
What is your favourite chart type for your trading entries?
What is your favourite chart type for your trading entries?
There are many different chart types available: time, kagi, line break, point&figure, range, renko, tick, volume, and more.
Which one is your favourite chart to make money?
When I started out trading, I used a 1 and 3 minute charts, then drifted to line break and point & figure for a while, and finally end up with 2 minute chart. This one just grew on me. Sometimes is bit messy so I take a break. The main point is I can use it with many different instruments which is a plus.
Mike, I've searched the topic and I couldn't find similar thread. If I missed something please accept my apology and move the post to the appropriate thread. thx
Also, please visit ES Unfair Advantage where I asked you about the other thread that I would like to start. It's called Emotional Intelligence.
Can you help answer these questions from other members on NexusFi?
I've dabbled with a lot of them, but I rarely touch traditional time based charts anymore.
I either use, Kase (modified range) charts by their lonseome or in conjunction with an artificial renko overlay (which allows me to see true highs/lows and gaps). Or kagi charts.
Time based charts have too much noise for me.
"A dumb man never learns. A smart man learns from his own failure and success. But a wise man learns from the failure and success of others."
hey TMFT, what a splendid looking chart.
And yes, you're right regarding the range bar users. I'm actually experimenting with range charts now.
There is a excellent info @ Range Bars | Great Trading Systems
That wasn't meant as a criticism of you ... You will hear all kinds of numbers bantered about i.e. percentage of traders who fail, number of hours of "screen time" to become a successful trader etc. ... but no one seems to know where those numbers come from ... was there a scientific study that produced those numbers... or did someone say something in jest one day and someone else quoted them making it an "internet fact" ... in that case ... the 1% of all traders use range charts thingie ... is now a "fact"
btw ... I pulled that 1% number from the same place I suspect a lot of the other statistics quoted come from....
Disclaimer: This post does not represent the view point of the owners, managers, or moderators of this web site and is not intended as a slam against any moderator, board member, any banned former members whose name we dare not say, any other living person, any recently living person or any person or persons whose status we are not sure of and especially not for any platform vendor with a questionable product and a pit bull lawyer. This post is meant purely for entertainment and should not be confused with a real thought.
I am not a programmer, coach, trainer or self appointed guru and do NOT hold myself up to be a good example for anything. I do not have a book, trading room or seminar. Even though I have an opinion on every subject under the sun, I do not give financial advice. Nor should I be held responsible for feeble attempts at humor at your expense.
I'm just a simple man trading a simple plan.
My daddy always said, "Every day above ground is a good day!"
Thanks for the article on range bars. I liked using the 2min for about half a year. Before that a tick chart such as 377. Now I like using range bars, but only the Rjay rangenogap version because I can still see some two-candlestick bar price action behavior. It seems to help filter out some 1-2min small chop and fakeout areas for me.
