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Re: Textured Puma post# 26409

Thursday, 04/19/2018 7:56:32 AM

Thursday, April 19, 2018 7:56:32 AM

Post# of 172808
For everyone: I agree with others' comments about learning to read charts. However, most people leave out a small detail about charting that they don't even realize themselves: aspect ratio. This is a term you might associate with your television, monitor, or camera, but it is a little known key component of charting. You see, not all charts are built the same. If specific market timing is important to you, and it will become more important as you begin to pay for your investment 101 classes on the open market, you'll want to be sure that you're giving yourself the best entries, exits, and trend representations possible. When you start drawing on charts, you want to make sure you're using a dimensional table vs. a table built with incremental graduation. The difference between the two is simple; the dimensional table is constructed of equally sized increments, or boxes. That's the grid you see in the background that vertically represents timeline and horizontally represents price. If you look at that grid and see the increments (boxes) shrinking in size, you are not seeing a true representation of the candle layout, which means your lines are askew, meaning your timing is off or your perception of magnitude is off, depending upon the formation. This matters most with the daily chart, and in situations where you're looking at wide or tall formations.

That's my little contribution.
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