Never Lose Again

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Mon Jul 06, 2015 2:22 pm

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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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haszar
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Re: Never Lose Again

Postby haszar » Mon Jul 06, 2015 10:02 pm

Dear TRO, what is the significance of your new indicator "Above Tops and Below Bottoms" in the post above that was sent out in the last batch? It is saying that out of 67 bars, 20 closed above and 40 closed below. Does that mean that the bias is Short and therefor look to sell? Can you please explain how to best use this indicator...

Many thanks.

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Tue Jul 07, 2015 12:49 am

audusdh1.png
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NO!!

The indicators compares the current price against N previous bars' tops and bottoms.

If the current price is above almost all of the previous bars' tops, then look for a reversal down.

If the current price is below almost all of the previous bars' bottoms, then look for a reversal up.

If you THINK ABOUT IT.... this indicator tells you if the current price is in the upper wick zone or higher or lower wick zone or lower than the previous N bars.
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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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Tue Jul 07, 2015 2:13 pm

eurusdh4.png
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AUDUSDH1.png
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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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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Wed Jul 08, 2015 2:23 pm

eurusdh4.png
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usdcadh1.png
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: Never Lose Again

Postby haszar » Wed Jul 08, 2015 5:21 pm

TheRumpledOne wrote:
audusdh1.png


NO!!

The indicators compares the current price against N previous bars' tops and bottoms.

If the current price is above almost all of the previous bars' tops, then look for a reversal down.

If the current price is below almost all of the previous bars' bottoms, then look for a reversal up.

If you THINK ABOUT IT.... this indicator tells you if the current price is in the upper wick zone or higher or lower wick zone or lower than the previous N bars.



Thank you TRO! I can see it now...

haszar
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Re: Never Lose Again

Postby haszar » Wed Jul 08, 2015 6:47 pm

TRO, is there a reason why you are using 67 bars for the Tops and Bottoms indicator as opposed to any other number?

Request: Can you please add an Alert to this indicator to alert, ie. "All Tops" or "All Bottoms".

Many thanks.

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Wed Jul 08, 2015 7:41 pm

haszar wrote:TRO, is there a reason why you are using 67 bars for the Tops and Bottoms indicator as opposed to any other number?

Request: Can you please add an Alert to this indicator to alert, ie. "All Tops" or "All Bottoms".

Many thanks.


Yes and No... The reason is because the indicator is programmed to use all the visible bars if I don't enter a certain number of bars. So it is showing the default.

Alert? Yes, I can do that...
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Thu Jul 09, 2015 1:04 pm

eurusdh4.png
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Notice how many LARGE gaps filled this week.

Also notice the reversals off the weekly highs/lows.
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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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Thu Jul 09, 2015 1:04 pm

usdcadh1.png
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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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


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