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)
15min chart setup with a hidden divergence showing downside strength (new momentum low, but not a new low in price) and momentum hook off the inside bar.
1 min chart diverged at the turns with the LOD near last week's low. 15min diverged along with the 1min on the final short exit at the 500 level.
If you can keep your wits about you while all others are losing theirs, and blaming you....The world will be yours and everything in it, what's more, you'll be a man, my son. - Kipling
Thought I'd throw this up for conversations sake. Short term trend is down, longer term trend is sideways. A possible break out to the short side is within reason as is a nice bounce from here back into the range.....
As always, trade at your own risk....
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
I can see no major difference.. You just zoomed in further so that the starting point of our Panda's upper trendline is not visible anymore, thus started yours a high later...
Look at the lower trendline that starts from June 2012 lows. Panda shows price sitting at an inflection point on that trendline, and my data shows us yet to reach that trendline.
My data is not back adjusted. I don't use it because I don't use it in my trading.....I just look at the weekly once in a while to get a general sense of direction.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
Regarding back-adjusted VS non-back-adjusted data:
1. Which do we think the masses are using?
2. Which do we think the big money is using?
I would SPECULATE that masses are using non-back-adjusted as it's easier to come by, and big money is using back-adjusted. I am going to start asking around. I wish I knew more big time traders. I know ONE and he is kinda shady.