Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Sparrow

Changing look of charts confusing

Does changing the look of your chart affect you.  

7 members have voted

  1. 1. Does changing the look of your chart affect you.

    • Yes
      7
    • No
      0
    • Don't bother to mess with my settings
      0


Recommended Posts

Hi,

 

I browsed for some threads and had a look a couple of attached charts.

Looking at candle stick chart with white and blue candles, i was amazed by the clean look of it. So i changed the setup of my charts to resemble the ones i had seen.

 

The result was that i totally couldn't make sense of the charts anymore:confused:. I'm used to green/red candles and it amazes me that my brain had a hard time recognizing the patterns with different colors. As a consequence i reverted to the old setup.

 

It's just a funny observation.

Share this post


Link to post
Share on other sites

mojo - I agree 100%. Changing the look and feel of your charts can affect your decision making easily. If nothing else, your brain is trying to decipher the new look and for some (myself included) that can cause disruptions. My candle charts are blue and red candles. Why? Well, blue is my fave color and red is standard bearish candles. Red and blue work well together in my opinion. I've had it that way since I can remember. Going back to green and red would just be 'weird' to me.

 

I'll add this as well - in addition to the coloring of your charts, the size of the candles, the length of the X and Y axis, etc. can also produce different pictures for me, even though it's the same info! I've actually found that having large monitors can HURT my view and trading b/c everything looks so exaggerated. And then when I see that it's just a 3 tick candle, things change.

 

This is actually important, esp for newbies to trading, to understand. How your charts look and are setup can impact your trading, whether you are conscious of this or not.

 

Here's a quick example:

 

ES CHART #1 (15 MIN CHART)

attachment.php?attachmentid=2741&stc=1&d=1189279226

 

 

ES CHART #2 (SAME 15 MIN CHART)

attachment.php?attachmentid=2742&stc=1&d=1189279077

 

 

Believe it or not, those are IDENTICAL charts, just different Y axis.

5aa70dfdc763b_tles1.png.0e907ebf4d987bb154f04507679bf8cf.png

5aa70dfdcc9a9_tles2.png.fe531ea374515ea99d60e849212eb629.png

Share this post


Link to post
Share on other sites

Thanks for pointing that out brownsfan, i haven't thought of that myself but it totally makes sense to me.

 

I'd like to add that imho the size of the widest candles should be the same on every time frame. Same goes for other instruments.

 

It's only a theory, but i guess traders are probably adjusting their charts in that way subconciously.

Share this post


Link to post
Share on other sites

I like light blue and red on a black background, it just works with my eyes the best and I see things better. Thats just me, not everyone.

 

When we had a ton of volatility I increased the size of my Y axis to better scalp breakouts. It did exaggerate things, but I found more small breakouts that way, now if I use the same size I get screwed up every time.

Share this post


Link to post
Share on other sites
I like light blue and red on a black background, it just works with my eyes the best and I see things better. Thats just me, not everyone.

 

When we had a ton of volatility I increased the size of my Y axis to better scalp breakouts. It did exaggerate things, but I found more small breakouts that way, now if I use the same size I get screwed up every time.

 

One note James (and I realize you are younger) - a dark background will create more stress on your eyes over time. I liked the look of the black background as well, but quickly found out from the eye doc that's not such a good idea. The dark background forces your eyes to focus more and creates unnecessary strain. And that extra focus is not a good thing. That does not equate to being more focused on your trades, it just creates more stress on your eyes to watch your charts. I don't use white, just a very faint/light blue.

 

I wasn't convinced at first, but after reading up on it, it makes sense - just about everything you read (magazines, books, websites, etc.) all have a white or light background. It's easier on the eyes and your eyes have been trained to be able to read easily with that background. Now, when an advertiser wants to attract your eyes, they can do so w/ a dark background b/c it forces your eyes to pause and focus on the object.

 

Just an FYI.

Share this post


Link to post
Share on other sites

That's interesting that black would cause more strain, even if I have very bright colors? I have always had excellent eyes and for some reason white always makes it difficult for me to see.

 

I should play around with some different background colors and see if I can get used to anything.

Share this post


Link to post
Share on other sites
That's interesting that black would cause more strain, even if I have very bright colors? I have always had excellent eyes and for some reason white always makes it difficult for me to see.

 

I should play around with some different background colors and see if I can get used to anything.

 

The black background forces your eyes to focus on the other colors, regardless if bright or not. It's just the way our eyes operate and it's how we've trained them - for many years, you've trained them to look for a light/white background and black text.

 

Same theory holds for the charts that you stare at for many hours each day.

Share this post


Link to post
Share on other sites
One note James (and I realize you are younger) - a dark background will create more stress on your eyes over time. I liked the look of the black background as well, but quickly found out from the eye doc that's not such a good idea. The dark background forces your eyes to focus more and creates unnecessary strain. And that extra focus is not a good thing. That does not equate to being more focused on your trades, it just creates more stress on your eyes to watch your charts. I don't use white, just a very faint/light blue.

 

I wasn't convinced at first, but after reading up on it, it makes sense - just about everything you read (magazines, books, websites, etc.) all have a white or light background. It's easier on the eyes and your eyes have been trained to be able to read easily with that background. Now, when an advertiser wants to attract your eyes, they can do so w/ a dark background b/c it forces your eyes to pause and focus on the object.

 

Just an FYI.

 

That's an interesting concept. I had always heard it was a bad idea, but never gave it much thought....It's never bothered me, but then again, I'm only 25...maybe I should look into a different format...

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.