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pierre23
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Postby pierre23 » Tue Feb 24, 2009 3:56 am

TheRumpledOne wrote:Image

Basic range histogram.

Multimeter showing higher/lower highs/lows on each time frame.


Tro, could you make the higher/lower highs/lows indicator show a count of the number of times there has been higher/lower highs/lows over a period of time? Like the bar count indicator, counting how many red/green bars there are in a row and shows you how many times they have occured.

Maybe it could be possible to estimate, with the stats, when there might be an occurance of a new higher/lower high/low?

So if there has been say 5 occurances of a higher high 4 times in a row over the last 100 bars, when we see 3-4 higher highs we know price might be slowing down and could be headed downward - or at least start creating lower highs.

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es/pip
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Postby es/pip » Tue Feb 24, 2009 4:42 am

Image

Image

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es/pip
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Postby es/pip » Tue Feb 24, 2009 5:11 am

Image





sleep time

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MightyOne
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Postby MightyOne » Tue Feb 24, 2009 5:53 am

I just watched the clips on the 1-2-3 setup and yes it is similar to the ZL method although I believe the draw down will be significantly larger trading that way.

One thing he talked about in his clips that you should know better than to do your self is taking a long after multiple bearish bars nose dived toward the support line.
If you are getting bearish bars then price is going down ;) & you need bullish momentum to take long trades.

Another thing is that a 1 + x does not always = 2 nor does a morning star, doji, hammers, 1-2-3, or any other formation have the same implications for future price action as they have in the past or between different pairs.

What you SEE is volatility and momentum and what you observe is psychology.

Any strategy that is going to stand the test of time must bend less it break.

That said I would never knock 1-2-3 just as I would never knock DIBS or any other strategy.
If price is going up and you go long you make money, end of story.

What makes one method greater than another is less draw down and more profit ie YOU.

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MightyOne
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Postby MightyOne » Tue Feb 24, 2009 6:03 am

The Period Converter is an INDICATOR and it goes in your INDICATOR folder :oops:

The only thing you change is the Period Multiplier and open an offline chart by selecting the period you created.

Attach the indicator to a live 1 minute chart as many times as you want before opening the offline charts.

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MightyOne
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Postby MightyOne » Tue Feb 24, 2009 6:21 am

Here is today's Momentum Trap trade:

Image

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MightyOne
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Postby MightyOne » Tue Feb 24, 2009 6:35 am

Today's Momentum Trap GBPUSD:

(TRAPS ARE SET TO M15 480)

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MightyOne
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Postby MightyOne » Tue Feb 24, 2009 6:46 am

es/pip wrote:Image

Image


I like how you waited for a short setup before exiting your longs as shown in your second pic.
Wonderful trading es / pip :shock:

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MightyOne
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Postby MightyOne » Tue Feb 24, 2009 6:58 am

TheRumpledOne wrote:Image

Sometimes I just have to have NUMBERS...

Lots of numbers...

lol!!


I can think of more :lol:

1. Current RET from extremes
2. Largest RET during green candle.
3. Largest RET during Red candle.
4. Average Largest retrace during green candles.
5. Average Largest retrace during red candles.
6. Current RET based on candle color.

There is nothing wrong with numbers :) I still use stats.

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dragon33
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Postby dragon33 » Tue Feb 24, 2009 8:14 am

Image



I was out to soon, but i play with high lotsize so i'm happy with the 7 pips.

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