Stock Option Trading | Problem with Candlesticks

For More Information Go To http://www.optiontradinginfo.com For the uninitiated, Point and Figure charting is the only charting method that analyzes price without the noise of time. The noise amplification of time in other forms of charting Candlesticks, Heikin Ashi and OHLC is visually disruptive as you try to reconcile the conflicting patterns between daily, minute, weekly and monthly charts. This visual confusion is removed with Point and Figure charts. Some retail training firms like to popularize the myth that, ''Everyone looks at these Candlestick patterns/Elliot Waves in charts''. They are partly right. Though, their use of the term ''Everyone'' applies to retail off-the-floor traders who collectively only make up ~ 15% at most, in some cases even less, of the total traded volume on exchanges, depending on which exchange it is. Which raises the question: What are the eyes of those on the floor moving 80+% of traded volume looking at? Price and PRICE ALONE. With truck loads of calls and puts to hedge, floor traders could care less how many times during the day, price touched the tail of a dragon fly doji. They''ve already pre-planned to get more of; or, offload their inventory of calls/puts at a specific strike, for a given price. As a retail option trader, trading less than 10 contracts per trade, you are not exempt from tuning your eyes to focus only on price. How do you simulate the observation of price alone from off-the-floor, if you remove the use of Candlesticks, OHLC Bars and Heikin-Ashi charts? Use Point & Figure charts

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Howto & Style

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• option trading
• charting candlesticks
• options trading
• trading