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MightyOne
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Postby MightyOne » Wed Apr 08, 2009 5:07 am

es/pip wrote:
razorboy wrote:i think this may leave you open to getting whipped around quite a bit. or as you mentioned before - the tail end of what could have been good trades

es/pip wrote:
razorboy wrote:so if you were playing this situation, you would look for a long entry around the 10 mark, keeping an eye on how it travels up to 50. if it doesnt hit the fifty, you are then switching your bias from long to short


so past the first line you are temporarily biased long?


es/pip wrote:
razorboy wrote:but dont they both indicate that trend is going in the same direction?


es/pip wrote:
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


again this is how i understand this


if you have a line at 10 and 50 and price breaks the line at 10 it is currently long price now goes up to the line at 50 and pulls back under it----now price is short and the lower line is negated bec the new line was pushed higher

so how can they both be saying the same direction?

the only way is if price goes above the line at 50 and stays there---but even then the lower line no longer remains


if price hits the 10 line then that line would be in play(bias short below bias long above) the 50 line does not matter until it is hit---once hit then---------(bias short below bias long above) and the lower line no longer exists

disclaimer-----this may be totally wrong :D

i think it is correct

MO if my last explanations are incorrect let me know and i will delete them


yeah im with ya

but thats what MO was talking about as far as the time frames used

in that sell off the other day i was trading the 1hr and was in and out the whole way down and MO was trading the 4hr and was short the whole way.

i took a couple of trades off the hr last night and then that long of the 4hr today and held it for 90 pips or 6%

i am still not sure exactly how i am going to do things with this or if i am going to go back to the zlines----- with the zlines i was risking 4% with around a 20 pip stop so if i happen to get a big one it would be 12-20% on that one trade plus all the other little scalps----

this strategy is more for getting in a trade that is correct and holding on for the ride---as MO made 30%ish yesterday and i made 7% by getting in and out------------

or maybe i am missing something with what we are looking at here not sure yet


Maybe some how you guys missed the memo...

THIS IS NOT AN ENTRY STRATEGY!

And of course it is about holding for the ride; why else would you be expanding your SL?

It is for those who recognize that price moves a hundred to hundreds of pips every day in one direction or the other and
wish to make 10% or more a day with the least amount risk, time,
& energy.

While it can work on small time frames it works best on time frames where the 100 bar ATR is at least 100 pips.

If you believe that you can consistently make 10% or more a day with almost no draw down then by all means stick to what you are doing.

It is just my own personal style to play the pennies for the million dollar jackpot.

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Postby prochargedmopar » Wed Apr 08, 2009 6:12 am

M.O.
DynamicTrend Question.

Must the 0(current) candle be closed before we superimpose the candles 1 and 2 to set up our "on contact" lines?

The BO (breakout) lines just appear to be an extension of the DFSR from the tips of the 0 (closed current) candle out toward the forming "illusory" candle.
Is this correct?
Thanks

es/pip and razor,
Maybe you guys can use the Zlines as your entries while trading toward the DT of the higher timeframes.
????
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Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby prochargedmopar » Wed Apr 08, 2009 6:30 am

BTW, 14.44% increase on account today.
Comin back DTB style.

I've got one of your "starlight" chart tpl's open keeping an eye out for things but learning about price action through the DTB triggers.
I saw a perfect ZL trade that I showed to my wife on e/j last night. I did not take the trade because of a 7pip spread.

We watched together as it dropped 109 pips in 40 minutes.
Woah Nellie.
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Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby deeforex » Wed Apr 08, 2009 7:05 am

Self Engulfing Dynamic Trend (SEDT) study

I just wanted to see what was happening on the lower TF after x% of time elapsed on the 1H bar. I don't know if it was coincidence that PriceAction did a pretty good job of following the SEDT bias (long/short).

Around 80% of 1H (or 3x 15M), a new low was reached I drew a new SEDT line.

I did a minor modification to BarTimer so that you can load more than 1 with different TFs on the same chart.

Image
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Postby prochargedmopar » Wed Apr 08, 2009 7:30 am

BlowFish wrote:are you waiting till the breakout candle closes before drawing new lines?

I may be wrong but I don't think it matters unless its an outside bar. Reason being is you are drawing your line with respect to the opposite end of the candle from the break out. Its quite cunning really as it gives you a 'pivot' on the currently forming bar :)


Is this True?
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Postby prochargedmopar » Wed Apr 08, 2009 7:33 am

razorboy wrote:have you considered a Z line entry in the same direction as the dynamic trend of the larger time frame

Just realized the importance of this myself.
Am taking a second shot at this - trend is up based on the break out and 0,00 range

just sort of went long without dialing down to a smaller range to look for an entry

breakout candle is still open. not sure if i am doing this right. the teal lines are the addition of the ranges to the low of the break out candle

Image


es/pip wrote:as far as posting smaller timeframe charts to show the entry----- i do not have anything set on exactly how i am getting in as of yet

Image


razor,
I see you posted the zline entry idea in direction of dt here.
sounds good.
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My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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prochargedmopar
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Postby prochargedmopar » Wed Apr 08, 2009 7:45 am

MightyOne wrote:Image


So what percentage of movement would you say would be a continuation of current trend?
Or shall I say what would be the % of the closed body that pushed the BO line along with % of time for a continuation of current trend to take place based on your past experience?
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby MightyOne » Wed Apr 08, 2009 8:58 am

prochargedmopar wrote:M.O.
DynamicTrend Question.

Must the 0(current) candle be closed before we superimpose the candles 1 and 2 to set up our "on contact" lines?

The BO (breakout) lines just appear to be an extension of the DFSR from the tips of the 0 (closed current) candle out toward the forming "illusory" candle.
Is this correct?
Thanks

es/pip and razor,
Maybe you guys can use the Zlines as your entries while trading toward the DT of the higher timeframes.
????


I don't understand your question...

How can it be the current candle if it is closed?

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Postby prochargedmopar » Wed Apr 08, 2009 12:05 pm

Ok, so 0 is last closed candle then??
This is what we superimpose the other candles over for our projections.
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Postby TheRumpledOne » Wed Apr 08, 2009 2:09 pm

Image
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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