2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Tue Dec 06, 2011 2:53 pm

unreconciled wrote:Hah! I wanted to say 'candle closing...', and then I realised that I contradict what I know.
This is not about candles...

So here goes the new one:

EVERYTIME PRICE LEAVES THE ZONE, THERE IS A PROFIT POTENTIAL.


Question: What is the maximal lenght of the history second (trigger) line can be based on?


There is no "zone". There are only HORIZONTAL LINES (to help you see).
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby TheRumpledOne » Tue Dec 06, 2011 2:55 pm

unreconciled wrote:CONTROL can be determined by price above or below opening price.


EXACTLY!

What else can be determined?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby unreconciled » Tue Dec 06, 2011 3:01 pm

When the CONTROL changes.

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Postby nickohorny » Tue Dec 06, 2011 4:53 pm

Man my feeble brain has been trying to understand what is going on, from looking at the charts and the horizontal lines of the LL/prev LL and HH/prec HH etc I can just purely see the attached...





Hmmm :shock: :shock: :shock:

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Postby TheRumpledOne » Tue Dec 06, 2011 8:42 pm

unreconciled wrote:When the CONTROL changes.


And what else changes?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Tue Dec 06, 2011 8:45 pm

nickohorny wrote:Man my feeble brain has been trying to understand what is going on, from looking at the charts and the horizontal lines of the LL/prev LL and HH/prec HH etc I can just purely see the attached...





Hmmm :shock: :shock: :shock:


Nice annotation but you left something out... what is the chart telling you?

Or another way...

What does price crossing below the highest open imply?

What does price crossing above the lowest open imply?


HINT: The open price does not change!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby unreconciled » Tue Dec 06, 2011 11:24 pm

Trying to put things together:

Price reversing over the highest/ lowest open implies that it hit possible s/r level.

Price reversing over the previous candle's open price is treated as a change in control (price direction).


Example:

There is a 3lvl. semafor at the top, warning about possible change in price direction.
I will go SHORT on the previous green candle's open price or previous highest open price.

Question:

What is the reason, TRO, you take the previous lowest/highest open price once, and then you take just previous candle's open price another time?

(The answer is, as I expect, there is no difference. But I am not sure)
Last edited by unreconciled on Wed Dec 07, 2011 7:13 pm, edited 1 time in total.

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TheRumpledOne
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Postby TheRumpledOne » Wed Dec 07, 2011 5:12 am

Question:

What is the reason, TRO, you take the previous lowest/highest open price once, and then you take just previous candle's open price another time?

I don't understand the question.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby unreconciled » Wed Dec 07, 2011 8:41 am

What is the difference between:

Image

previous lowest/highest open price

and:

Image

previous candle's open price?


What I suppose, it is just like looking at different timeframes with 'spatial intelligence', so you take the first one that comes in handy.

And maybe, there is still something I do not see, so the question is absolutely misled.

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Postby TheRumpledOne » Wed Dec 07, 2011 2:29 pm

Image

1) Price within 20 pips of the daily low (ClLo < 20): This is OPPORTUNITY

========================= ===================

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