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.
Never Lose Again
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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 ) 0 and 00 should be [1] and [2] !
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 ) 0 and 00 should be [1] and [2] !
- blubbb
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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] ?
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] ?
- razorboy
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Silly Question
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
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
why is the from the higher not on this chart and how do you get the 2nd on impact line
would this be correct
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.
- TheRumpledOne
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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!
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- razorboy
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Dynamic Trend
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 -
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 -
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
Re: Silly Question
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"
thanksMightyOne wrote:es/pip wrote:MightyOne wrote:es/pip wrote:very interesting---- i know what i am doing all weekend now
why is the from the higher not on this chart and how do you get the 2nd on impact line
would this be correct
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
- razorboy
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another question
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
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
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