These lines were drawn on from discretion based off of the level stat freq dist (I looked for where the level falls off on the freq dist bars...)
But look how close they came to 20/30,50,70/80 price levels...
P&F charts suck, don't use them...
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PT: it looks like what you are doing with frequency distribution is similar to what jperl talked about in his 5-6 different threads over at traderslab on trading with market statistics:
http://www.traderslaboratory.com/forums ... ogram.html
http://www.traderslaboratory.com/forums ... ogram.html
PebbleTrader wrote:Look at the orange freq dist, I drew purple boxes and lines that show how I found the supply/demand levels...:
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PebbleTrader wrote:NOTICE that the best SUPPLY / DEMAND levels are actually the stat level numbers that are the SMALLEST.
THEY ARE NOT AT THE PEAKS/PLATEAUS...
.
Exactly what Sam preaches over and over, Price canNOT stay where it is the MOST out of balance. Very small amount of trading actually done at those levels.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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