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Re: No-Quarter post# 184

Wednesday, 06/17/2020 10:06:35 AM

Wednesday, June 17, 2020 10:06:35 AM

Post# of 587
FYI, I use 4 hour charts. These 'print' twice a day. Once at mid day and again at end of day. The box's are free to move up or down during the day, turn red or white, as the day progress's, but I don't act on them until they 'print' mid day, and again at end of day.

I use 'end-of-box' price calculations (not high/low price calculations) for box creation (StockCharts allows you to choose either). When I use a ~2% box size, and a new box prints using end of box price, this means a new box will print when a 2% price continuation occurs BUT WILL REQUIRE A 4% PRICE CHANGE to reverse direction from up to down (white to red), or down to up (red to white).

The result of all this will act as a 'filter' to remove many intraday price fluctuations. Works well for me for swing trading.

I don't have time during the day to day trade, but I can check 2-3 times during the day, and end of day, and using a 4 hour chart works for me.

GLTY

My posts are my opinion. Always trade at your own risk.

For swing trading I use;


https://coinclarity.com/trader-education-the-renko-and-ichimoku-method/