Is the fixed volume candle much more effective than fixed time candle ?
I had never thought about this idea of fixed volume candle, but it seems to make a lot of sense
I had never thought about this idea of fixed volume candle, but it seems to make a lot of sense
I have tried fixed time, fixed volume, and even fixed volatility candles. Fixed volume seems to work the best.
The idea actually comes from Whitehead's Process Philosophy. Time is probably not what we think it is.
very interesting. do you happen to have a chart or link with a fixed volume bitcoin chart?
Can you check bitcoin-analytics.com charts which are calculated for predefined volumes, are those charts close to what you were thinkning about?
Not really, no.
None of that gives you a probability distribution for price, and provides no real guidance for how to set your personal risk levels. I know how much to risk because I solve for it, continually. As new data comes in the curves change and there is a whole new solution set to search through, it is adaptable to the market and my own personal market positions. This gives me a personal perspective of the market that nobody else has and that is what provides an edge. As long as everyone looks at the same charts that information gets priced into the market quickly and can make it difficult to pull in profits. Few have managed to train themselves to recognize useful patterns in real time, but this is getting harder to do, even for the best of them, because of the algos that do the same thing. Ultimately, it's going to be a war with the machines.
I can understand that what you are talking is far from what felix was asking. I believe his question was not about probablities but about charts calculated for fixed volumes, that is why I asked my question.
