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Jayza1988

694 Posts.

01/04/17

16:26

Post #: 23790684
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Originally posted by Jako64 ↑

Jayza, if you can colour all of your bars black, I would recommend it, especially if you intend to analyse the chart with VSA or Wyckoff in mind.
The chart is colouring the bars as if they are candles (the open in relation to the close), instead of colouring them 'close to close', which how they should be for VSA/Wyckoff. So the colours may confuse your analysis, as I can see at least a few bars that are red (as a downbar should be), but they are actually up bars and would normally be green. (it is possible you can determine the colours differently to what is shown on the chart, so check first, and see if there are other options, otherwise consider changing them all to the same colour (black/blue) to save any confusion I reckon).

Without any other data to look at (a wider view or weekly view), I would draw the lines like this.....which isn't very much different to you.....

View attachment 530337

cheers

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Thanks again mate, I'll change the colours to black and see how that goes! I think I got a bit carried away with just focusing on the red, as I only anticipated them to be 'down bars'.

I think i'm starting to get the hang of it. Picked D13 for an entry after it held above it's breakout point on the secondary test (on the chart we looked at ) and it ran 11% the next day!
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