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blubbb
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Postby blubbb » Tue Apr 07, 2009 4:31 pm

Here's the version with alarm window pipups
LOL
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MightyOne
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Postby MightyOne » Tue Apr 07, 2009 4:38 pm

I had a massive dose of creativity last night :lol:

As I was looking at my charts I looked up at my bar timer and thought to my self:

:shock: *thought bubble here* "what if after breakout a candle was self engulfing in the direction of the BO based on a percentage of its own range as calculated by its percent to completion."

The Self Engulfing Dynamic Trend:

1. Long breakout (long or short from breakout)

2. Can x% of the current candles range from the low move the breakout line higher? If yes then move line higher.

3. When the candle closes you are long or short from the close or the open in the case of a large gap.


It all starts with a breakout.

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Re: more questions

Postby razorboy » Tue Apr 07, 2009 4:51 pm

I see where I screwed up. in the previous two trades, price closed clearly above the break out price.

On the third price slipped below the break out price - should have taken that as my sl as the very least or flipped it over and gone short when the upwards breakout failed


es/pip wrote:
razorboy wrote:here is my third shot at this

the previous bull candle was more of a breakout candle when I drew my lines. there is a wide gape between the 0 line (119 pips) and the 00 line (54 pips)

Price impacted first line, but not second - not sure how this should be interpreted - is the trend still up?

Should i have waited for the break out candle to close?

Image


the lines are just bias for direction---

if price is above then you should trade long
if price is below you should trade short

Image

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razorboy
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4th attempt

Postby razorboy » Tue Apr 07, 2009 5:09 pm

2 for 3 so far - althougt that screw up was bad

looks like bias is long this hour from the purple lines - neither of the 0 or 00 lines were hit, although breakout was successful by a bit

let see what happens - long now

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MightyOne
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Postby MightyOne » Tue Apr 07, 2009 5:16 pm

The Self Engulfing Dynamic Trend:

1. Long breakout (long or short from breakout)

2. Can x% of the current candles range from the low move the breakout line higher? If yes then move line higher.

3. When the candle closes you are long or short from the close or the open in the case of a large gap.

It all starts with a breakout.

ImageImageImage

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MightyOne
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Postby MightyOne » Tue Apr 07, 2009 5:49 pm

FYI:

I am not saying to use the Self Engulfing Dynamic Trend I am just showing you what I am looking into.

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razorboy
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Postby razorboy » Tue Apr 07, 2009 5:55 pm

In your daily chart - last one. I am not 100% clear on your instructions

For L/S fromthe close after the candle close - are you talking about the previous hour's candle? - the first break out candle? based on adding the range of 0 and 00, it looks like this candle would have had a long bias too it? doesnt look like the breakout would have been pushed lower?

What does the horizontal line with 72% pointing to it indicate? was this the price of the candle when 72% of the period had passed?

MightyOne wrote:The Self Engulfing Dynamic Trend:

1. Long breakout (long or short from breakout)

2. Can x% of the current candles range from the low move the breakout line higher? If yes then move line higher.

3. When the candle closes you are long or short from the close or the open in the case of a large gap.

It all starts with a breakout.

ImageImageImage

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MightyOne
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Postby MightyOne » Tue Apr 07, 2009 6:09 pm

razorboy wrote:In your daily chart - last one. I am not 100% clear on your instructions

For L/S fromthe close after the candle close - are you talking about the previous hour's candle? - the first break out candle? based on adding the range of 0 and 00, it looks like this candle would have had a long bias too it? doesnt look like the breakout would have been pushed lower?

What does the horizontal line with 72% pointing to it indicate? was this the price of the candle when 72% of the period had passed?

MightyOne wrote:The Self Engulfing Dynamic Trend:

1. Long breakout (long or short from breakout)

2. Can x% of the current candles range from the low move the breakout line higher? If yes then move line higher.

3. When the candle closes you are long or short from the close or the open in the case of a large gap.

It all starts with a breakout.

ImageImageImage


There is no 0 or 00

There is no 1 or 2

This is completely different than the first dynamic trend posted.

1.There is a long breakout (long or short from breakout)

2. Can x% of the current candles range from the low move the breakout line higher (where x% is the % current candle is completed)? If yes then move line higher.

3. When the candle closes you are long or short from the close.

It all starts with a breakout.

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MightyOne
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Postby MightyOne » Tue Apr 07, 2009 6:15 pm

Image

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razorboy
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Postby razorboy » Tue Apr 07, 2009 6:23 pm

gotcha..........thanks
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

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