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BlowFish
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Postby BlowFish » Tue Apr 07, 2009 6:58 am

This thread moves too fast sometimes! There are some real pearls that are in danger of getting lost in the haystack (to mix metaphors). Here's one from yesterday that I think bares repeating.

MO said
"The question remains:

Which time frame best represents your goals? "


If price is the terrain and your chart is your map it is pretty critical to pick a suitable scale for the journey you are undertaking.

Anyway back to 'catching up' this thread.

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Postby BlowFish » Tue Apr 07, 2009 8:34 am

I have been trying to fully understand the dynamic trend. I think I got it now apart from the outside bar special case (not looked at that yet).

If I am on the right track the addendum was what clarified it for me. Of course I may be way off base. :)

The smaller of the 2 ranges of 0 & 00 is added to the low, but only
if it has the potential to raise the breakout line higher.

The larger of the 2 ranges of 0 & 00 is added to the low, but only
if it has the potential to raise the breakout line higher.
and only if the smaller range has not raised the break out higher already.

Of course with the new nomenclature (which I fully support btw :smt026 ) 0 and 00 should be [1] and [2] !

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blubbb
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Postby blubbb » Tue Apr 07, 2009 10:34 am

Is there ONE dynamic trendline or are there TWO? If there is only one, why do we use the smaller range of bars 1 and 2 at all? I mean, if the line gets pushed further by using the larger range, there won't be a change if you apply the other one.
Or is it one line for each range? Line A: Low[0] + High[1] - Low[1] and Line B: Low[0] + High[2] - Low[2] ?

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razorboy
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Silly Question

Postby razorboy » Tue Apr 07, 2009 11:24 am

MO,

I get the idea of adding the two separate ranges to the BO candle and seeing if the BO line gets pushed up, but what do you mean by the term "Impact"

thanks




MightyOne wrote:
es/pip wrote:
MightyOne wrote:
es/pip wrote:very interesting---- i know what i am doing all weekend now :D


why is the from the higher not on this chart and how do you get the 2nd on impact line

Image

would this be correct

Image


es / pip,

Upon a low BO the ranges are applied from the high of the current candle NOT the breakout.


ok i can see that

and would be vice vrsa on the high BO


where would you apply the ranges if you have 2 down bars in a row still from the high of current bar or low-------or do you need to apply this on a 2 bar sequence that have opposing bars


It is simply:

High Breakout (0) = line

Can bar 1's range from the low move the 0 line higher on impact?
Can bar 2's range from the low move the 0 line higher on impact?

Special Consideration is given to Outside Bars and aside from that there is nothing else.

Trade long above the last line generated and short below.

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TheRumpledOne
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Postby TheRumpledOne » Tue Apr 07, 2009 12:13 pm

Image

I am DRAINING THE BANKS with my latest indicators:

TRO2009_Above_Below_Consecutive

TRO2009_Dynamic_Semafor

TRO_DTB_RC

I am testing them out and so far, it's not looking too good - FOR THE BANKS!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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razorboy
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Dynamic Trend

Postby razorboy » Tue Apr 07, 2009 1:19 pm

I based this set up off of the break out candle that closed about 12 minutes ago

I calculated the absolute range of 0 and 00 (1 and 2) and added them to the low of the break out candle - candle went thru both lines

So I am expecting the uptrend to continue, correct?

also, I suspect I need to wait for the break out candle to close to do the appropriate calculations - i think es/pip was making this same mistake initially, but I could not tell from the chicken scratch short hand we all seem to use on here

I am currently long -

Image

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es/pip
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Postby es/pip » Tue Apr 07, 2009 1:27 pm

blubbb wrote:Is there ONE dynamic trendline or are there TWO? If there is only one, why do we use the smaller range of bars 1 and 2 at all? I mean, if the line gets pushed further by using the larger range, there won't be a change if you apply the other one.
Or is it one line for each range? Line A: Low[0] + High[1] - Low[1] and Line B: Low[0] + High[2] - Low[2] ?


my understanding

the smaller is in play until the larger is touched and then the smaller is no longer in play

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es/pip
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Re: Silly Question

Postby es/pip » Tue Apr 07, 2009 1:28 pm

razorboy wrote:MO,

I get the idea of adding the two separate ranges to the BO candle and seeing if the BO line gets pushed up, but what do you mean by the term "Impact"

thanks




MightyOne wrote:
es/pip wrote:
MightyOne wrote:
es/pip wrote:very interesting---- i know what i am doing all weekend now :D


why is the from the higher not on this chart and how do you get the 2nd on impact line

Image

would this be correct

Image


es / pip,

Upon a low BO the ranges are applied from the high of the current candle NOT the breakout.


ok i can see that

and would be vice vrsa on the high BO


where would you apply the ranges if you have 2 down bars in a row still from the high of current bar or low-------or do you need to apply this on a 2 bar sequence that have opposing bars


It is simply:

High Breakout (0) = line

Can bar 1's range from the low move the 0 line higher on impact?
Can bar 2's range from the low move the 0 line higher on impact?

Special Consideration is given to Outside Bars and aside from that there is nothing else.

Trade long above the last line generated and short below.


my understanding

impact= when touched

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es/pip
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Postby es/pip » Tue Apr 07, 2009 1:32 pm

the "dynamic trend" lines are not signal lines------but bias lines


trade long above --trade short below

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razorboy
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another question

Postby razorboy » Tue Apr 07, 2009 1:35 pm

I am assuming the double blue lines are the addition of the ranges of 0 and 00 to the break out bar.

what is the single red line signify for you?


thanks

es/pip wrote:bailed at the daily zl for another 2.3%

so +7.3%

not as good as 30% but ill take it

:D :D :D :D

Image

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