Friday, 15 April 2011

Going with the Order Flow

It's not hard to see the order flow. Using my magnifying glass shows an exaggerated view that often reveals a lot.

Range Bars are a very different type of bar chart to most of the others, as they ONLY look at vertical price development.

The chart below is a 1 tick range bar chart but with the indicators based on a 3 tick range bar chart. This is not to be confused with multi-time frame trading, because I am trading the trend of the 3 tick range bar, but by "magnifying" the bars I can see and time my entries in a more granular fashion, especially in these less volatile times.

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7 comments:

  1. Jay15 April 2011 at 16:55

    Range bars are a great visual aid for risk mgt as well! They rock. And so does this blog.

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  2. Anonymous15 April 2011 at 17:57

    1 tick or 1 point ??

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  3. Anonymous15 April 2011 at 18:59

    Look at the image up in left corner. States 1 point.

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  4. Electronic Local15 April 2011 at 19:08

    Its called 1 point but that's what 0.25 is in that software.

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  5. Vin15 April 2011 at 20:40

    The fast CCI looks like it's tracking the one tick bars (jagged) but that's not the case? Usually the three tick bars produce a smoother look.

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  6. Anonymous17 April 2011 at 14:58

    I've been away from your blog for a couple months or so, and find it just too difficult to understand the context of your charts.

    May I give you some advice... with every blog - perhaps, have a little column or note giving immediate perspective of your charts - ie, your current time zone.. what time you started trading.. etc.. Because, i've spent the last 20 minutes trying to "see" your charts up on my TS, and I still don't see it - even on a 1 tick chart... Not to mention the fact that your charts are hard to see.

    I"ll be little easier on your "new readers" who want to come on and start following w/o immediatley committing to reading "all your back pages", (which, believe me, i know it's important to do) but just don't have the time at that moment (like me right now)

    Thank you.

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  7. Electronic Local20 April 2011 at 05:12

    Anon 14:58, we've made the chart settings more prominent, thanks.

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