not really, suppose you call that momentum, net pips its travel divided by the hours its taken it to travel it.
sometimes my eyes or brain WANT to see things that are not there, so thats when math comes in handy. i want to find the force behind the move how much buying or selling pressure there is. candles lie too, remember its just a block of set amount of hours OHLC, i want to know how many pips has it really traveled. compared to its previous moves and ATR.
at any given point if i believe that im not sure or cant make a good estimate of
market form : bear, bull, range i stay out and observe
conviction of move to signal reversal or correction i just wait the oportunity to go with the prevailing trend at the least amount of risk
sometimes my eyes or brain WANT to see things that are not there, so thats when math comes in handy. i want to find the force behind the move how much buying or selling pressure there is. candles lie too, remember its just a block of set amount of hours OHLC, i want to know how many pips has it really traveled. compared to its previous moves and ATR.
at any given point if i believe that im not sure or cant make a good estimate of
market form : bear, bull, range i stay out and observe
conviction of move to signal reversal or correction i just wait the oportunity to go with the prevailing trend at the least amount of risk
AVT INVENIAM VIAM AVT FACIAM