A fresh start! Doji's Trading Journal

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PebbleTrader
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Postby PebbleTrader » Sun Oct 14, 2012 12:50 pm

I understand how it works, I just don't see how it is useful in real time though.

The Price Turn is a good upgrade from the candle color.

Just candle color alone is not that useful, adding in the price turn is more useful, but still I think it can be improved.

For me, it's not useful enough in it's current form to warrant a space on my chart.
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Postby PebbleTrader » Sun Oct 14, 2012 12:53 pm

Just within the last 30 minutes, I was staring at a chart and I might have come up with an interesting idea. It uses the price turn idea but not in the form of a multimeter for all the TF's, it would be used on your TF of choice at the time.

It's hard to explain, I'll think about it some more and maybe try a coded version of it.
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Jalarupa
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Postby Jalarupa » Sun Oct 14, 2012 12:59 pm

PebbleTrader wrote:I understand how it works, I just don't see how it is useful in real time though.

The Price Turn is a good upgrade from the candle color.

Just candle color alone is not that useful, adding in the price turn is more useful, but still I think it can be improved.

For me, it's not useful enough in it's current form to warrant a space on my chart.


I Like the New High Low Multi Meter as a third dimention to the Candle colour Indi... Haven't tried Price Turn, but I already use MA's in another strategy of mine so thats represented already in many ways on my trading chart using the distance to MA multi meter
:smt065

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Postby PebbleTrader » Sun Oct 14, 2012 1:05 pm

Jalarupa,

That was actually pretty close to the idea that I had.

It would use close beyond an extreme instead and look at previous close beyond extreme levels...

:)
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Postby PebbleTrader » Sun Oct 14, 2012 1:13 pm

It eliminates price turn / candle color chop...
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Postby bettlebox » Sun Oct 14, 2012 1:33 pm

EXAMPLE OF PRICE TURN AND HOW IM GOING TO USE IT

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Postby bettlebox » Sun Oct 14, 2012 1:41 pm

and before some f$%ing smartazz makes a comment about there is minor level (rally-base-rally), thats why price held and not because the M.A.

I f$%ing know that.

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Postby MightyOne » Sun Oct 14, 2012 1:52 pm

Once you have an idea, it is simply a matter of position and space:

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Postby MightyOne » Sun Oct 14, 2012 2:16 pm

I had people ask me why I would trade USDMXN citing its low pip value...

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and it is easy to read:

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Postby newscalper » Sun Oct 14, 2012 2:30 pm

dojirock wrote:Newscalper,

When you say "as I predicted" at what point did you determine that....???
that is the 1st part of the plan I speak of....
after knowing that..drop down time frames..and trade it...via the pattern, zlines.....

When I posted it, live and before the event. I posted the H4 supply area and said I was looking for a short. I also showed the chart dropped down to M15 where you could see M15 close below the previous close up.
Predicted is the wrong word though, I should never predict :)

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