XSO 1.17% 3,001.1 s&p/asx small ordinaries

It is all relative gj, Each bar or candle and their volume (in...

  1. 19,112 Posts.
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    It is all relative gj,

    Each bar or candle and their volume (in whatever timeframe you are using), are considered against the previous completed ones.
    Even if it was 12hrs out, the story chart would be telling the same story.

    For example,
    I did the experiment once using weekly charts, where I made 5 different weekly charts (one for each day of the week), and checked the one which completed each day.

    Monday to Friday
    Tuesday to Monday
    Wednesday to Tuesday
    Thursday to Wednesday
    Friday to Thursday

    My thinking was that a normal Monday to Friday weekly chart was just pure convention, and any other weekly period should also be valid.
    And while the charts were all a little different to look at in detail, the story they were telling was the same.
    If price was bullish, there were all indication a bullish story.
    and if thing were bearish, they all inferred a bearish story.
    It was all relative.

    So I imagine the daily charts would be the same as this example, no matter if the daily period was taken in my timezone, or the exact opposite, the story they were telling should be the same.


    Does that make sense ??

    cheers
 
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