Price action chart lessons by Mack's PATS Trading (priceactiontradingsystem.com)

NexusFi · 2024-01-13T12:40:13-05:00

The idea that a certain pattern gives you an edge could be claimed of just about any pattern. What moves the market is not patterns, as much as we would like to believe that. The market is moved by the auction... sometimes that matches a certain pattern, but is not the pattern what caused the move. I know that fans of patterns will not like to hear what I'm saying, but if we are honest with ourselves... we will come to the same conclusion. P.S. Delta and volume are also key in determining price movement. …

Discussion in Trading Reviews and Vendors

Updated January 13, 2024

Price action chart lessons by Mack's PATS Trading (priceactiontradingsystem.com)

January 13th, 2024, 12:40 PM	#91 (permalink)
Trailer Guy Aguanga, CA USA Elite Member Experience: Advanced Platform: Ninja Trader 8 Broker: IB, NinjaTrader Brokerage, Schwab Trading: ES Posts: 216 since Sep 2014 Thanks Given: 68 Thanks Received: 390	With Ninja there is that screen where you select background color and that stuff for your chart. At the top is a check box for use equidistant bar spacing. I turn that off for my tick charts. That makes the chart scroll at a fixed rate across the screen as the bars paint. It adds speed of action as a visual. I pay Convergent Trading for their daily stalk zone indicator. It paints stripes horizontally where they think the volume profile says is the more likely place for something to happen.