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TheRumpledOne
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Postby TheRumpledOne » Tue Mar 10, 2009 2:38 pm

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I (finally) created a dynamic sr multimeter that works properly!!!

Now, you can see if price is breaking out or retracing on all chart periods.

You can do the same with the fibs multi meter I wrote a week or so ago.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Tue Mar 10, 2009 2:56 pm

HEY MO:

If you would keep the lines the same color from chart to chart, it would be easier to follow.

BTW - what tool are you using to draw those lines?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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MightyOne
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Postby MightyOne » Tue Mar 10, 2009 3:10 pm

TheRumpledOne wrote:HEY MO:

If you would keep the lines the same color from chart to chart, it would be easier to follow.

BTW - what tool are you using to draw those lines?


My oven mitts :lol:

I use a dash line and start from the open where momentum > 1.

I then decide what numbers I am skipping (if any) and connect to the close of the greatest consecutive momentum to get my angle.

I hold down CTRL and copy the line and drag it to form a channel only using the highs and lows starting with and between the two connected points.

I then hold SHIFT to extend the lines forward.

In this picture you see that I have decided to skip past numbers less than 8:

Image

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Postby MightyOne » Tue Mar 10, 2009 3:43 pm

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MightyOne
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Postby MightyOne » Tue Mar 10, 2009 4:12 pm

Image :shock:

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Postby MightyOne » Tue Mar 10, 2009 4:35 pm

Ok, I think you can :shock: by now how to draw the channel.

I have a few more ideas related to these numbers that I am going to mull over now.

Image

The 15, 30, & 60 were all zero lined on that move:

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TheRumpledOne
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Postby TheRumpledOne » Tue Mar 10, 2009 4:53 pm

MightyOne, you have mail.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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MightyOne
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Postby MightyOne » Tue Mar 10, 2009 5:03 pm

TheRumpledOne wrote:MightyOne, you have mail.


I see that you are aware I only check my mail every couple days ;)

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Postby MightyOne » Tue Mar 10, 2009 6:11 pm

I would like to hear one professional say that they intend to fade some one that trades with momentum:

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MightyOne
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Postby MightyOne » Tue Mar 10, 2009 6:38 pm

He who doesn't take profit holds onto gains which are not his own:

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