No much trading recently, I was experimenting with my new tool, the chart bars. After two years with candlesticks and two more years with short WMAs (following the thin red lines), I was looking for something more visual, more informative about price move. I tried the bars and after some weeks viewing charts, i can say that bars are what i was looking for, they are terrific, especially with the range charts i use. Here is my first trade using the information-rich bars. More to come.
Friday, September 25, 2009
A step forward
No much trading recently, I was experimenting with my new tool, the chart bars. After two years with candlesticks and two more years with short WMAs (following the thin red lines), I was looking for something more visual, more informative about price move. I tried the bars and after some weeks viewing charts, i can say that bars are what i was looking for, they are terrific, especially with the range charts i use. Here is my first trade using the information-rich bars. More to come.
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2 comments:
really interesting... visual is everything for scalping. Most of the time there's no time to spot indicators divergences etc. You have to find the right "tools" letting reading the chart almost instant.
A good start.. 10 pips a day... ;)
Good luck my friend. Keep us updated on your findings ;)
Andrea
If we want to achieve real success then we have to take many steps like these forward, it is the only way we will achieve something. It is also important to know how risky scalping is, but at the same time, it is definitely highly profitable. I trade with OctaFX broker and they are the best company in the industry at the moment with winning 11 awards in just 4 years, it has really swept the whole industry with their amazing service.
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