Often times, it seems like Time Interval Charts are the only way to go, especially with MetaTrader. You know what I mean by 'time interval', right? 1 minute, 5 minute, 15 minute charts - that whole deal. Over the years, I’ve noticed that the majority of traders are using time interval as the ‘end all, be all’ of charts and the only chart to use if you’re looking to score big-time in the markets.But don’t be fooled.
Believe it or not, time interval (and volume and tick, for that matter) have a whole host of issues - the biggest problem is that they are NOT based on price movement. This means lots of chop, churn and general confusion right when you're trying to make huge trade decisions in a split second. Not exactly ideal, huh?
Right out of the box, MetaTrader is been downright depressing when it comes to chart offerings - they give you limited options with the explanation, "Hey, we're free - what more do you want?". Until now...
My Quantum Leap Intervals are at the cutting edge of technology - a charting method based completely on price action. It...
|