rathcoole_exile

Thanks for this wonderful Summary Until I discovered this, I was trying to read the individual threads, but what a nightmare that is ! So many distractions as people argue needlessly over this setting or that setting, and meanwhile missed the whole point of JPerls wise words. Thanks to him for sharing, and thanks to you for putting this together. I have to say, it's the most interesting and informative stuff I have ever read about trading.

this thread is the biggest heap of BS I've ever seen on any trading forum

try doing a few short term day trades in quick succession, and you'll soon find out when they stop you trading ! :crap:

what an original idea !!! i wonder why more people don't consider this ? you're a genius

whatever tick/time correlation you can perceive has to be, by definition, purely coincidental. a 5 minute chart will print a bar/candlestick every 5 minutes, no matter what the underlying action. a 233 chart prints a bar every 233 ticks so if trading is intense that could happen within 1 minute ? or on a slow night 10 minutes ? or an hour ? ok an hour is an exaggeration, but only when you truly understand the beauty and power of a tick chart, will you realise how absurd your question is.

i thought one of the purposes of this thread was to identify strong trending days from choppy days ? Of course nobody is going to fade against a trend but a) there are opportunities on a trend day to fade a reaction back in the direction of the main trend b) there are opportunities galore on choppy days. I was just interested if anyone else uses it. Obviously not. Your funeral.

ever use TICK readings >1000 or >-1000 as opportunities to fade ? the contrarian logic being that by the time enough bullish (or bearish) sentiment has built up, it's usually time for the Pros to step in and fade the public .....