Never Lose Again

[razorboy]

figuring out this riddle is what is holding me back!!!



First box - shows the biggest correction ( biggest advance that returned to its low - biggest retrace of the uptrend - and bounced) in the uptrend and the time - 7 bars



next box is 7 bars as well


In the counter trend, you are looking for price to fall below the low of the biggest correction in the uptrend, within the same amount of time that the correction took to complete itself...........

YO HO YO HO THE PIRATES LIFE FOR ME!

Barry flavored TRO:

[razorboy]

correction to the below

Reversal when price does not return to high within the same amount of time as the largest correction within the previous trend.

Largest (and only) correction in the uptrend was 7 hours

After a new high, price fell and did not correct within that same time frame - go short

figuring out this riddle is what is holding me back!!!



First box - shows the biggest correction ( biggest advance that returned to its low - biggest retrace of the uptrend - and bounced) in the uptrend and the time - 7 bars



next box is 7 bars as well


In the counter trend, you are looking for price to fall below the low of the biggest correction in the uptrend, within the same amount of time that the correction took to complete itself...........

YO HO YO HO THE PIRATES LIFE FOR ME!

Barry flavored TRO:

[razorboy]

MO,

In the most recent run up on the EUR/US it looks like there are two potential box areas that could be considered correction - where price fell
one of 3 bars (2 actually - right next to each other and one of 6 bars

I think I may be answering my own question based on follow up price action, but which of these boxes (or neither - you could argue that price never came completely back down) would you use to judge your entry for the reversal trade.

3 bar box


6 bar box


or were neither of them good boxes ?

[razorboy]

lets try this one.......i think i see my goof up before

[MightyOne]

That is just horrible...
color your wicks black and try again.

[razorboy]

I think this looks better - looks like 7 15 minute bars from the green to the green

[razorboy]

a few more bars over where you get a retest and move up - 11 bars in total

[razorboy]

i think this is better.....

[razorboy]

wow - the difference between feeds...................

[rowdy]

Sorry Razor and MO, please let me briefly interrupt.

I have edited my post on the modification to the teoman scalping strategy.
After backtesting, it is apparent to me that you can still get caught in a breakout. Sometimes the Sema 3 and MA Cross happens really early.
I have yet to come up with a stoploss that works at this point. Razor may be right in his analysis on trading semafors.

I am clearly getting to the point where I am just getting good enough at this to be dangerous. If you still decide to try this and if the price goes against you 3 times and keeps moving away, cry uncle and bail out. I sincerely apologize if anyone has lost any real money because of me. I sincerely thought I was really on to something here.