Never Lose Again

[LeMercenaire]

Final word. From me, anyway.

Here's a perfect example of what I and MO were talking about...

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[TheRumpledOne]

[IgazI]

The open was a price level (multiple closing prices) so I wouldn't put my stop there.

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[Columba]

In the spirit of "price moves away from an initial point" . . . that would be BZ to most of us on the D1 or session opening.

However, perhaps because I had a bit of extra time on my hands, I ran a series of [random] Einstein entries when turning on my computer at a non-standard time. One the one hand, a session opening BZ makes more sense to me, BUT over a small sample the Einstein performed admirably. Price, given time and patience, is going (obviously) to move off from any initial point pass plus or minus 7 and keep going.

Although it shouldn't be, this was something of a revelation to me . . . at least the recognition that one may very likely be able to take Einstein entries, which are a unique BZ of their own, profitably.

Now it is true that some entries did tap across the + or - 7 Einstein line, a qualified entry, and retrace back and hit the other end of the 'zone' for a SL, BUT if one patiently stays with it, within each session, a positive outcome seems likely. Even more likely if you place Einstein lines on for several pairs. As my sample got bigger, it became more stable with an expectation of a total positive outcome.

I guess I am not saying this is better than being there to set up a daily BZ or for each session you are awake (therefore not London for me), but if you arrive to the party late for any reason, our friend Professor Einstein is still there to help. I understand this is not going to turn (m)any into serious Einstein traders, but it might be part of my effort to harvest a percent or even two as many days as possible.

After all, Price will either go up or down. All you need is a horizontal line.

Good success crossing those lines to all, C

[LeMercenaire]

In the spirit of "price moves away from an initial point" . . . that would be BZ to most of us on the D1 or session opening.

However, perhaps because I had a bit of extra time on my hands, I ran a series of [random] Einstein entries when turning on my computer at a non-standard time. One the one hand, a session opening BZ makes more sense to me, BUT over a small sample the Einstein performed admirably. Price, given time and patience, is going (obviously) to move off from any initial point pass plus or minus 7 and keep going.

Although it shouldn't be, this was something of a revelation to me . . . at least the recognition that one may very likely be able to take Einstein entries, which are a unique BZ of their own, profitably.

Now it is true that some entries did tap across the + or - 7 Einstein line, a qualified entry, and retrace back and hit the other end of the 'zone' for a SL, BUT if one patiently stays with it, within each session, a positive outcome seems likely. Even more likely if you place Einstein lines on for several pairs. As my sample got bigger, it became more stable with an expectation of a total positive outcome.

I guess I am not saying this is better than being there to set up a daily BZ or for each session you are awake (therefore not London for me), but if you arrive to the party late for any reason, our friend Professor Einstein is still there to help. I understand this is not going to turn (m)any into serious Einstein traders, but it might be part of my effort to harvest a percent or even two as many days as possible.

After all, Price will either go up or down. All you need is a horizontal line.

Good success crossing those lines to all, C

Excellent post.

You'd be surprised at how many heavy-duty scalping methods have logic such as this at their heart.

You can extend this to simply deciding ahead of time (using whatever process you wish) whether to go Long or Short at the open of every candle. Once positive, never go negative. It's what you do when it does go negative that will then kick in but that's a story all on its own, lol.

[elkin.fernandez]

I have one question: How does INDI calculate 3, 2, 1 semafor?. does this indi repaint? I am so surprised that every 3 is a HH or LL in relation its next bars. :O

[LeMercenaire]

I have one question: How does INDI calculate 3, 2, 1 semafor?. does this indi repaint? I am so surprised that every 3 is a HH or LL in relation its next bars. :O

Pips once educated me on this one, lol. It's a question every trader will ask at some point when they see the Sema for the first time. It looks sooooooooo good!

The main thing to know is that it is always perfect looking back

[elkin.fernandez]

hi LM, hehe. Im so curious. I dont understand why if it does not repaint, not everybody is using it. XD

[Mira]

hi LM, hehe. Im so curious. I dont understand why if it does not repaint, not everybody is using it. XD

It repaints

[LeMercenaire]

hi LM, hehe. Im so curious. I dont understand why if it does not repaint, not everybody is using it. XD

It's not that it repaints. It doesn't in the traditional sense. It's just that the signal is fluid - in a way, it's designed to repaint - as it is constantly readjusting to what price is doing right now.

As I said, Pippy gave me a brilliant explanation of how it does what it does. I will try and find the conversation and snip the detail on SEMA out of it.