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Again, the bar interval has nothing to do with the target. A smaller bar interval enables one to read price action more accurately. That's all. It carries no target baggage unless the trader chooses to hook it up himself. |
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I take it a smaller bar interval helps you pinpoint
entries and exits more precisely? Traders (like myself) that sometimes wait for a bar to close have the disadvantage of never making that perfect entry.
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As to whatever disappointments there may be, these are the result of a lack of skill in interpreting price -- and volume -- action, not of the bar interval one chooses to display twice. |
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Are you saying that - if price does something other than what you'd expect it to do - you've misread the chart? I mean, that's what I want to believe. Others have said that I shouldn't try so hard in getting it right. It's just not possible. Or is it (except for these unanticipated news events which can't be foreseen)?