|
Quote: |
|
 |
|
|
Walter
I still trying to digest this new stuff. I traded to day with just a couple of contracts, only using the bar repaint as an indicator and it worked like a charm.
Actually I sold YM @13913 and I got out with a minor scratch as the bars repainted to the other side (bullish) I closed my position and went long @13921 with the idea of capturing 20 ym points. If you notice what I really did was to buy on the pullback as the market sold off today. It reached my target and actually went up to 13957 area before reversing. That would be a cool 36 points if I stayed on the trade before the bars re-painted again.
I even could got away with a tight stop on the reversal. Stop - 13957 Entry 13946 and I would get the whole sell-off......just looking at the bars
At this point sincerely I don't know what to think. |
|
|
|
|
Ok Raul let me get this clear... re-paint or change color...
once the bar closes does it stays on that color and never changes again color ?
A healthy paint bar is this : it may change color while the bar is still working, once it is closed, the color should not change any more for that "past/ closed" bar....
A Tricky paint bar wil "re-paint" that means that even thought that bar already has closed, maybe some time in the future it will be plotted on a diferent color... in that case historical information on chart its not reliable...
So again my question : does it re-paint ( tricky) or does it stay the color for good (reliable) ? cheers Walter.