A friend of mine who is a mathematicians at least I think he is, likes to tell me if a trader always day trade the trader will lose his pants eventually, all his money will go to exchanges just like what is happening in the casino. however he forget to mention there are card counters who are prohibited to enter the casino
people who find his way to foresee the shorterm target during daily session is the card counter and fortunately he wouldn't be banned by exchanges
charts shown is how chinese index futures target was predicted during today's seesion
The following user says Thank You to John Chen for this post:
Came across this journal while trying to understand Volume Profile using tradestation.
Hi John Chen this seems to be a very novel way of looking at PA. Great Journal. Also thnx to ecmf & Simba and other contributors. As usual thanks to Big Mike w/o him we would never get insights into sharing of idea's.
One thing I also do believe in some of the concept of Time & agree before the BB. I am always open to any idea which will give me an edge. I will always be a student of the markets....coz it can humble me anytime...so will always be a beginner. I also believe with any new concept the early adopters will always have an edge....if the strategy is sound & risk mgt in place.
John...what i understand from the thread...an english version of J-Charts is yet to be published. Is there a way to educate us more on the concepts since the the book seems to be a lil aways. How does one integrate the concepts if one wants to know more and integrate in their trades. Also curious how Simba is integrating in trading.
John...is this only good for intra-day or swings "50-75pts" and more?.... I do trade ES "Emini S&P". Would the theory be able to predict price....getting into the last day of the year...or the end of Jan '13.? if so any forecasts ?
Anyways thanks for sharing & Good Luck !!
The following user says Thank You to paps for this post:
J-Chart is only using price counts to plot a chart on nonfixed time frame and to find the fractal based on chaos theory which is totally nonlinar, another word no volume of trade are used therefore it is different from Volume Profile.
I have published two books in Chinese for China and Taiwan, if you are interested you can find them through publisher
you can do swing trade with J if you have patience to wait for it may take days to get what you want, however after 35 years trading carrer I don't have patience to engage in trades longer than a day, have you ever see card counter stay over night play black jack in casino
I always compensate that with bigger volume to get what I want
Last edited by John Chen; December 31st, 2012 at 06:30 AM.
The following 2 users say Thank You to John Chen for this post: