Thanks to one of my friends, we finally have a good name for the kind of study that we afre trying to do. After sifting through control price points, control bars, high range bars, we have finally nailed the name for this group of study. Henceforth, this field of study of the bars will be know as Control Bar Analysis (CBA).
This will analyse the volatility of the price action within each bar and using that, we will find areas of support and resistance and using these, we will design a form of trading around this. I already do this form of trading but since it has been personal so far, it didnt require to have a structure. Now that it has been thrown open to the public, it will have a structure and as you can see, we are slowly evolving the basics before we dwelve deeper and deeper into this topic. Patience pays.
This will analyse the volatility of the price action within each bar and using that, we will find areas of support and resistance and using these, we will design a form of trading around this. I already do this form of trading but since it has been personal so far, it didnt require to have a structure. Now that it has been thrown open to the public, it will have a structure and as you can see, we are slowly evolving the basics before we dwelve deeper and deeper into this topic. Patience pays.
