Price Bars turning from SU to R
Posted: Fri Nov 14, 2008 8:31 am
The charts you sent me of Tradestation with the "Colored" P&L overlay is intriguing to say the least
When does the color of the price bars change or probably more specifically - what P&L tools tell the bar to turn from a support to resistance bar
As I've said I'm a numbers guy - and during the dayI take readings for 60 min bars and do "Live" updates on the 1/2 hour or when ever the action heats up and watch the resistance and support move into and out of the ETs and EBs - nearbys & Further outs
As well as watching where the close is in relation to the ET's EB's , etc.
I've sent you a copy of the spreadsheet and also I recently sent you a copy of my "New" and "improved" shorter Daily Trading Plan - I'm able to analyze the mkt for the next day and set up the worksheet with su/re levels in about 20 - 30 minutes
I'm getting better at "trading the Day" and am feeling that I'm "maturing" at P&L a bit
D.M.
When does the color of the price bars change or probably more specifically - what P&L tools tell the bar to turn from a support to resistance bar
As I've said I'm a numbers guy - and during the dayI take readings for 60 min bars and do "Live" updates on the 1/2 hour or when ever the action heats up and watch the resistance and support move into and out of the ETs and EBs - nearbys & Further outs
As well as watching where the close is in relation to the ET's EB's , etc.
I've sent you a copy of the spreadsheet and also I recently sent you a copy of my "New" and "improved" shorter Daily Trading Plan - I'm able to analyze the mkt for the next day and set up the worksheet with su/re levels in about 20 - 30 minutes
I'm getting better at "trading the Day" and am feeling that I'm "maturing" at P&L a bit
D.M.