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aliassmith
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Postby aliassmith » Mon Nov 02, 2009 2:25 pm

MightyOne wrote:The numbers in that picture show the distance from the open to the trigger in pips.

I am starting to believe that the only things that matter are:

1. Range

2. Correction Size

&

3. Color

:shock:


Could you go into more detail about this observation, because I see price
bouncing from zline to zline of different timeframes while it winds up then breaks out.
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MightyOne
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Postby MightyOne » Tue Nov 03, 2009 3:19 am

The current version after much live testing:

X: momentum * X
Y: non-momentum * Y

BS: buy/sell trigger as % of range
oOo: drawdown % that moves trigger to open + 1
DD: max drawdown before signal to WAIT

Image

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Postby pablo101 » Tue Nov 03, 2009 3:47 am

MightyOne wrote:The current version after much live testing:

X: momentum * X
Y: non-momentum * Y

BS: buy/sell trigger as % of range
oOo: drawdown % that moves trigger to open + 1
DD: max drawdown before signal to WAIT

Image


Oooo so exciting, can't wait! \:D/
What line? The line that tells you which way you are trading! - MO

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MightyOne
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Postby MightyOne » Tue Nov 03, 2009 3:59 am


This is just an example of how the indicator captures moves:


Image

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***FX-JEDI***
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Postby ***FX-JEDI*** » Tue Nov 03, 2009 9:42 am

Thanks MO,

I need to read up on ur correction posts to understand about what you mean here., I have yet to read all of NLA thread...

to be honest haven't use fibs or trend lines much, last thurs nite long trade on GBP I was just looking to see who was in profit I could steal from...hehe...

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Postby aliassmith » Tue Nov 03, 2009 1:26 pm

MightyOne wrote:
This is just an example of how the indicator captures moves:


Image


Oh great more egyptiam hyroglyphics to translate :)
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Postby MightyOne » Wed Nov 04, 2009 4:31 am

Most of you are confused...
it doesn't have to be that way. :shock:

I am sure that many of you trading this chart would liquidate for 60 pips or less. :lol:

RANGE = VALUE

You wouldn't sell your house for far less than it is worth, but you will sell good position in the market for pennies on the dollar?

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Postby mthomas » Wed Nov 04, 2009 7:05 am

Makes sense. Thanks oh wait it makes more than cents !!!!


Alotofpips

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***FX-JEDI***
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Postby ***FX-JEDI*** » Wed Nov 04, 2009 9:10 am

MightyOne wrote:Most of you are confused...
it doesn't have to be that way. :shock:

I am sure that many of you trading this chart would liquidate for 60 pips or less. :lol:

RANGE = VALUE

You wouldn't sell your house for far less than it is worth, but you will sell good position in the market for pennies on the dollar?

Image


Ok so I'm not sure which rat I would want to be yet, looking at ur chart, but hopefully I can give you an answer by the time I'm ready to post this, I keep changing my mind, yes I am confused... only a little.... what I think your trying to say is this, the current range you show is 2643pips. The open of that third bar is around halfway in the range by eyeballing it, so either way its around approx 1321 pips to the extremes of the range shown. TRO has been quoting price can do one of 3 things to the previous bar, either it can break higher than the last high, break lower then the last low, or both, or it can just keep within the range for a bit but eventually do one of the 3 things I just wrote.

I guess my answer is shown in the pic below, am I close or just way way off & confused???

:shock:
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MightyOne
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Postby MightyOne » Wed Nov 04, 2009 8:18 pm

***FX-JEDI*** wrote:
MightyOne wrote:Most of you are confused...
it doesn't have to be that way. :shock:

I am sure that many of you trading this chart would liquidate for 60 pips or less. :lol:

RANGE = VALUE

You wouldn't sell your house for far less than it is worth, but you will sell good position in the market for pennies on the dollar?

Image


Ok so I'm not sure which rat I would want to be yet, looking at ur chart, but hopefully I can give you an answer by the time I'm ready to post this, I keep changing my mind, yes I am confused... only a little.... what I think your trying to say is this, the current range you show is 2643pips. The open of that third bar is around halfway in the range by eyeballing it, so either way its around approx 1321 pips to the extremes of the range shown. TRO has been quoting price can do one of 3 things to the previous bar, either it can break higher than the last high, break lower then the last low, or both, or it can just keep within the range for a bit but eventually do one of the 3 things I just wrote.

I guess my answer is shown in the pic below, am I close or just way way off & confused???

:shock:


There are only 2 extremes

The VALUE of an extreme is based on RANGE

If price is making new monthly lows and you decide to buy then the value of your trade is hundreds of pips because EVERY SINGLE MONTHLY BAR in the history has a range of at least hundreds of pips.

If price is making new monthly lows, but has moved too far based on the range then it is better to wait for an open on a smaller time frame and trade in the direction that price is moving instead of buying the red candle.

Maybe you make money on this trade and maybe you don't, but you are always getting the most value out of your trade.

S&R, supply/demand, Fibo, Momo, --->NOTHING!

More gambles by mfAR:

Image

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