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I've been liking the 12 and the 15 range bar charts for the YM these days. Check out this 15 range bar chart. Note that you can choose to trade with the trend or against. (or both I guess)
Can you help answer these questions from other members on NexusFi?
indicator or not? I am not a expert yet, but it is all depends on your trading level. I think if someone really need it, can help them to get confidences and feel secure, and help them to get a good one like the sharky "super-dot"; but if you already reached a certain level and don't need any indicators, just pure price action and volume, then do not use them. it is all about individual choice. But does this world have anyone never use any indicators at all from the beginnng, then suddenly become an master trader just using pure price action? I don't think so, at least I never meet such a trader. You need to allow someone to grow and improve like everyone in this world. thank you, just my 2 cents.
The only time a dot repainted was if you brought up something on your chart then when the chart came back a previous dot was gone. This is an issue that is being addressed now. If you didn't mess with your chart it was fine....no problem.
Yes, scalpers heaven. The trick has been picking the best chart setting with the best indicator setting.
But again......the indicator is not telling you anything that price is not already telling you.
For most of the dots I see a valid reason for the trade based on the price action, most are reversal bars.
What amazes me is that they consistently pick out the trades and pick out some that I would miss and don't pick out some that I would take (that may not be profitable). I'm pretty impressed so far and I don't like indicators in general.
So if one wants to see if they're required, we could take a chart and go trade by trade and see when we'd enter and why.
I sincerely regret having ever added an indicator to my chart and I wish I had started with just price.
If I had seen someone posting charts with just price & volume, I may have went this route. Unfortunately I didn't see that for a long time and ended up wasting a lot of time.
I would pay a one time fee if I could get 80%
Just as long as the dots stay when they make a call.
I need help still when it comes to price action.
Keep up the good work Jeff/Sharky
Personally I think that's it's always a good idea to watch the ES no matter what instrument you trade. There will usually be a correlation (ES/YM) or and inverse correlation (ES/ZN)
I have found that the 6 range bar ES seems to track pretty well with the 12 range bar YM. Check it out and see what you think.