09.15.09
2 Trades - 1 Win - 1 Loss
Today was a difficult day for me. Given time I know I'll perform better on days like this than I did today. Basically all area's of my game need polish other than cutting losses quickly. Tomorrow will be a better day!
Hey, I noticed that you changed your charts from candles. Is there a reason for that? Reason I ask is because it's one thing to change some indicators, but it's another to change your chart style.
ReplyDeleteI'm still using candle charts on all other time frames. There are 2 reasons I'm using min/max charts on the 5 second time frame.
ReplyDeleteThe first reason is it gives me allot of confidence in the placement of my order. The line on the chart is the width of the spread so any limit order I place above/below the line is definitely going to be a new high/low. Sometimes on the 1 minute candle chart I find that I could have placed my order "within the candle" if I had been using a 5 second min/max chart for order entry purposes.
The second reason is that I like the nook and cranny feel of price action on the 5 sec chart using the min/max setting.
Sounds like a good idea, I might check that out myself.
ReplyDeleteCool. I'm gonna make an adjustment to the 5 second chart tomorrow using a line chart for the Ask Price and then I'll price overlay the Low Bid. The width between the two lines will give the same effect as the min/max chart. I think I'm going to like tomorrows settings better. We'll see.
ReplyDelete