P&F charts suck, don't use them...

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PebbleTrader
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Postby PebbleTrader » Sun Oct 02, 2011 11:10 am

These lines were drawn on from discretion based off of the level stat freq dist (I looked for where the level falls off on the freq dist bars...)

But look how close they came to 20/30,50,70/80 price levels...

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Postby PebbleTrader » Sun Oct 02, 2011 11:21 am

Look at the orange freq dist, I drew purple boxes and lines that show how I found the supply/demand levels...:

Image

:shock: :!: :idea:
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Postby PebbleTrader » Sun Oct 02, 2011 11:29 am

NOTICE that the best SUPPLY / DEMAND levels are actually the stat level numbers that are the SMALLEST.

THEY ARE NOT AT THE PEAKS/PLATEAUS...

:shock:
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Postby PebbleTrader » Sun Oct 02, 2011 11:41 am

SMALL stat level sandwiched between two LARGER stat levels = $$$?

:idea: :?: :!:
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Postby PebbleTrader » Sun Oct 02, 2011 11:44 am

Life is just a journey

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Postby PebbleTrader » Sun Oct 02, 2011 11:45 am

We must take CREATIVE RISKS! :)
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Postby PebbleTrader » Sun Oct 02, 2011 11:47 am

Prochargedmopar,

What were your thoughts on comparing them?

"Comparison of 5 pip renko and 5 pip II_2box reversal eu: " - Prochargedmopar
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Postby PebbleTrader » Sun Oct 02, 2011 11:54 am

The "system" we live in does NOT teach CREATIVITY, instead it teaches conformity, that's ok, it can be LEARNED, we'll work on it...
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Postby gfg1 » Sun Oct 02, 2011 12:04 pm

PT: it looks like what you are doing with frequency distribution is similar to what jperl talked about in his 5-6 different threads over at traderslab on trading with market statistics:

http://www.traderslaboratory.com/forums ... ogram.html

PebbleTrader wrote:Look at the orange freq dist, I drew purple boxes and lines that show how I found the supply/demand levels...:

Image

:shock: :!: :idea:

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Postby prochargedmopar » Sun Oct 02, 2011 1:05 pm

PebbleTrader wrote:NOTICE that the best SUPPLY / DEMAND levels are actually the stat level numbers that are the SMALLEST.

THEY ARE NOT AT THE PEAKS/PLATEAUS...

:shock:

.

Exactly what Sam preaches over and over, Price canNOT stay where it is the MOST out of balance. Very small amount of trading actually done at those levels.
#1BODY in direction of profit #2INCREASE lot size Obsessively
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Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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