How big to make the boxes? - Traders Hideout | futures io social day trading
futures io futures trading


How big to make the boxes?
Updated: Views / Replies:599 / 2
Created: by mcteague Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

How big to make the boxes?

  #1 (permalink)
Elite Member
New York NY USA
 
Futures Experience: Beginner
Platform: esignal, ninjatrader,
Favorite Futures: Stocks
 
Posts: 110 since Oct 2012
Thanks: 54 given, 29 received

How big to make the boxes?

First let me say that just thinking about asking this question makes me feel like an idiot. But I think it is a legitimate concern, especially for beginners. So here goes.

When you look at an indicator, like MACD for example, people will tell you that sharp strong signals are what matter. Like a cross of the zero line or signal line. You want it to occur at a sharp angle. And probably want to ignore weak crosses. When we look at price itself we are told that it is best to look for strong trending markets. You know where is price is going up or down and a clear strong steady angle. This is true and great. But here's the problem.


The angle of all the lines in all your charts. ( price, indicators, etc) is completely dependent on the shape of the box it is in. By shape; we mean the horizontal and vertical scale of the box. If you re-size your charts right now by increasing or decreasing the horizontal space, you can make trends and strong indicator signal appear and disappear like magic.

So how would anyone know, based on a visual analysis of the data, that they had shaped their charts in the optimal proportions to get the best signals and not have completely wrong ones because the box is the wrong shape?
Are there optimal scales that are known?

Reply With Quote
The following user says Thank You to mcteague for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,067 since Aug 2011
Thanks: 967 given, 2,617 received

100% correct...imo


but vendors do not care. What you are describing is a square scaled chart where time and price or ticks and price are treated the same visually.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


This picture describes the basic idea.

Reply With Quote
The following 2 users say Thank You to wldman for this post:

Reply



futures io > > > How big to make the boxes?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
How to make when you have got none dutchstew Beginners and Introductions 1 July 8th, 2013 04:06 PM
Drawing boxes around Market Sessions... funk101 Sierra Chart 2 June 20th, 2012 10:41 PM
Apple's Big Gains Make Some Stock Mutual Funds More Risky Quick Summary News and Current Events 0 March 26th, 2012 07:40 PM
Black boxes for vehicles to be compulsory by next month kbit Off-Topic 0 May 25th, 2011 10:13 PM
coding for beginners : Text + Value-Boxes in your chart max-td NinjaTrader Programming 5 January 14th, 2010 07:56 AM


All times are GMT -4. The time now is 03:05 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.07 seconds with 19 queries on phoenix via your IP 54.226.172.30