Is there a buyzone thread as well...that is not a news post?
BP
$TRILLION STRATEGY
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- TheRumpledOne
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Somewhere on this forum there are the threads you guys want.
Please do a thorough search before creating another thread. Things are starting to get messy here. Thanks for your cooperation.
Please do a thorough search before creating another thread. Things are starting to get messy here. Thanks for your cooperation.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
I think this is one such Thread.
http://kreslik.com/forums/viewtopic.php ... ll&start=0
TRO and Airball I must say this was a good read.
And here is another two.
http://kreslik.com/forums/viewtopic.php ... ht=airball
http://kreslik.com/forums/viewtopic.php?t=88&highlight=
http://kreslik.com/forums/viewtopic.php ... ll&start=0
TRO and Airball I must say this was a good read.
And here is another two.
http://kreslik.com/forums/viewtopic.php ... ht=airball
http://kreslik.com/forums/viewtopic.php?t=88&highlight=
- TheRumpledOne
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- TheRumpledOne
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I have taken some time off since my initial post of the tradestation results I posted a week ago which seemed to spark some good dialog. My takeaway from input of many was that more goes into successfully trading the $trillion strategy than a pure mechanical approach.
So as trying to learn from many of the more experienced traders here, I went back and spent hours (ok probabaly not enough time, i need to spend years but its a start) and starting to observe that scenarios such as a daily green bar with a large wick doesnt make for a good long trade or a daily red bar with a large wick to the down side doesnt make for a good short trade might hold promise. There were a few occurences of this happening but when I looked at how often this effected the potential, statistically it had no affect.
I did the same for the size of body of the candle, there were some observations that when the body of the candle was small, regardless of red or green bodies, the trade did not work. I figured the market did not have a directional bias and thus it made sence that these trades might not work well. Once again statistically over two years this had no affect.
I also started looking into what happens the few hours befor close. (intially not helpfull but am going back to the spreadsheets to relook at the statistics)
so Im back to TRO repeating "keep it simple"
but simple without some inate feel for market (which takes years to aquire) Im still not seeing how this idea can work
I keep looking at the daily charts TRO publishes and it make it look so simple and thats whats keeps me going on this to try to learn more from those that it does work for
a bit frustrated so looking for some direction on ideas to move my thinking forward to make this successfull if it can be
So as trying to learn from many of the more experienced traders here, I went back and spent hours (ok probabaly not enough time, i need to spend years but its a start) and starting to observe that scenarios such as a daily green bar with a large wick doesnt make for a good long trade or a daily red bar with a large wick to the down side doesnt make for a good short trade might hold promise. There were a few occurences of this happening but when I looked at how often this effected the potential, statistically it had no affect.
I did the same for the size of body of the candle, there were some observations that when the body of the candle was small, regardless of red or green bodies, the trade did not work. I figured the market did not have a directional bias and thus it made sence that these trades might not work well. Once again statistically over two years this had no affect.
I also started looking into what happens the few hours befor close. (intially not helpfull but am going back to the spreadsheets to relook at the statistics)
so Im back to TRO repeating "keep it simple"
but simple without some inate feel for market (which takes years to aquire) Im still not seeing how this idea can work
I keep looking at the daily charts TRO publishes and it make it look so simple and thats whats keeps me going on this to try to learn more from those that it does work for
a bit frustrated so looking for some direction on ideas to move my thinking forward to make this successfull if it can be
-
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Avery, which version of the prev day candle tbhl indicator are you using in your most recent screenshot?
I've got "_PrevDayCandleTBHL". It prints the lines as: "high, top, bot, low" - yours say "session high, session low" etc.) and some prices are different as well.
I know these probably would not change the trade - but I'd assume that a "later" version was done for some good reason.
And might I make a suggestion? In your code, why not include a revision date or version number?
Thanks,
Jeff in L.A.
I've got "_PrevDayCandleTBHL". It prints the lines as: "high, top, bot, low" - yours say "session high, session low" etc.) and some prices are different as well.
I know these probably would not change the trade - but I'd assume that a "later" version was done for some good reason.
And might I make a suggestion? In your code, why not include a revision date or version number?
Thanks,
Jeff in L.A.
- Patch
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bh4313003
Welcome to Kreslik, my favorite trading forum. Your 10:22 am post is exactly why completed back bar testing sounds good and looks good, until you trade the particular startegy. I am wondering what platform you are using. I assume TS since your are using some of TRO's indicators and set up what sounds like backtesting or you are going back and spotting situations with your eyes.
Patch the Pirate
In VA
Welcome to Kreslik, my favorite trading forum. Your 10:22 am post is exactly why completed back bar testing sounds good and looks good, until you trade the particular startegy. I am wondering what platform you are using. I assume TS since your are using some of TRO's indicators and set up what sounds like backtesting or you are going back and spotting situations with your eyes.
Patch the Pirate
In VA
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO
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