New posts

Reply to thread

Message

Wavepicker : Re Post 27

These charts are mearly examples :

The Origninal query was in reference to the abreviation I commonly use for Count Back , -- the early charts are showing what it is, how it is calculated and it's uses --- and no I don,t or rarely use these tools anymore except in a Trend Trade --- As I stated in the post you are reffering to I' m a pattern trader and use the wormald grid -- but that method would be confusing for a beginner .

I came across Bollinger Bands by accident , when I was initally fooling around with intra- day trading and found combined with the stocks I trade and set at Bollinger's recomendations that they worked -- also bought in the mac histrogram --- if the histrogram is concave the current trend (5 min ) seems to continue , if convex the trend generally reverses --- never noticed this before in charts . --- I find Intra day trading is a great learning exercise , simply changing the time frames 5,15, 60 min charts can show entirly different aspects -- but when they all agree it can be a powerfull signal ---- just my obsevations on a form of trading that can be very fast --- you might only have minutes to open or close .

Cheers

<blockquote data-quote="coyotte" data-source="post: 78507" data-attributes="member: 3649">Wavepicker : Re Post 27These charts are mearly examples :The Origninal&nbsp; query was in reference to the abreviation I commonly use for Count Back , -- the early charts are showing what it is, how it is calculated and it&#039;s uses --- and no I don,t or rarely use these tools anymore except in a Trend Trade --- As I stated in the post you are reffering to I&#039; m a pattern trader and use the wormald grid&nbsp; -- but that method would be confusing for a beginner .I came across&nbsp; Bollinger Bands by accident , when I was initally fooling around with&nbsp; intra- day trading and found combined with the stocks I trade and set at Bollinger&#039;s recomendations that they worked&nbsp; -- also bought in&nbsp; the mac histrogram --- if the histrogram is concave the current&nbsp; trend (5 min ) seems to continue , if convex the trend generally reverses --- never noticed this before in charts . --- I find Intra day trading is&nbsp; a great learning exercise , simply changing the time frames 5,15, 60 min charts can show entirly different aspects -- but when they all agree it can be a powerfull signal&nbsp;&nbsp; ---- just my&nbsp; obsevations on a form of trading that can be very fast --- you might only have minutes to open or close .Cheers</blockquote>

[QUOTE="coyotte, post: 78507, member: 3649"] Wavepicker : Re Post 27 These charts are mearly examples : The Origninal query was in reference to the abreviation I commonly use for Count Back , -- the early charts are showing what it is, how it is calculated and it's uses --- and no I don,t or rarely use these tools anymore except in a Trend Trade --- As I stated in the post you are reffering to I' m a pattern trader and use the wormald grid -- but that method would be confusing for a beginner . I came across Bollinger Bands by accident , when I was initally fooling around with intra- day trading and found combined with the stocks I trade and set at Bollinger's recomendations that they worked -- also bought in the mac histrogram --- if the histrogram is concave the current trend (5 min ) seems to continue , if convex the trend generally reverses --- never noticed this before in charts . --- I find Intra day trading is a great learning exercise , simply changing the time frames 5,15, 60 min charts can show entirly different aspects -- but when they all agree it can be a powerfull signal ---- just my obsevations on a form of trading that can be very fast --- you might only have minutes to open or close . Cheers [/QUOTE]

Verification