The ideas that I trade by:

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pawelklos
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Postby pawelklos » Sun Apr 08, 2012 11:51 am

Hight and low for the candle are extreme points?

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pawelklos
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Postby pawelklos » Sun Apr 08, 2012 11:57 am

I think that this method can only work when the market is sideways.

When the market is in trend or is undecided, extreme points stop working.


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newscalper
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Postby newscalper » Sun Apr 08, 2012 4:07 pm

Now imagine that's a weekly candle and it's Sunday or Monday

Now what do you see? There's either a breakout to trade, or a retrace.

The extreme for position is this week's extreme, not last weeks.


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Postby pawelklos » Tue Apr 10, 2012 9:55 am

The horizontal red line = present day.
Yellow line = d1 opening price

D1 opening price is very problematic because of the many false signals. Especially at low tf.

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Postby aldomcfaldo » Tue Apr 10, 2012 2:47 pm

This is how I see it. If a daily + chart is closing higher then buy at the daily+ extreme lows. I'll look to exit at extremes and managing my position with space. Still learning though.

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Postby Jalarupa » Tue Apr 10, 2012 4:05 pm

Pawl,
Your pics are very miniature...
kindly scale them up a bit.
thx

Depends on your broker time when you take daily opens into account.

I find mbt to be most accurate...

Combine daily open with bredin's 3xcc indicator and turn and see how you ...

Throw in a little sweet spot at 10 pips and look at the activity beditetween the spots nearest to and the daily open... It's quiet a sight

*edit* m1 works best for this.

**Edit** Please excuse the spelling and grammar, I was typing this from my phone and predictive text messed me around a bit...

Image

Light Pink line... H4 Open
Red line... Daily Open

Jal

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Postby pawelklos » Thu Apr 12, 2012 10:42 pm

aldomcfaldo wrote:This is how I see it. If a daily + chart is closing higher then buy at the daily+ extreme lows. I'll look to exit at extremes and managing my position with space. Still learning though.


Can you show it in the picture?


You mean something like this?

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Postby pawelklos » Thu Apr 12, 2012 10:55 pm

Jalarupa wrote:Pawl,
Your pics are very miniature...
kindly scale them up a bit.
thx

Depends on your broker time when you take daily opens into account.

I find mbt to be most accurate...

Combine daily open with bredin's 3xcc indicator and turn and see how you ...

Throw in a little sweet spot at 10 pips and look at the activity beditetween the spots nearest to and the daily open... It's quiet a sight

*edit* m1 works best for this.

**Edit** Please excuse the spelling and grammar, I was typing this from my phone and predictive text messed me around a bit...

Image

Light Pink line... H4 Open
Red line... Daily Open

Jal


Better photography opens up as you click the thumbnail.

Jalarupa your idea of the opening levels of h4 and d1 is interesting. You play the break out of these levels, with tf m1?

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Jalarupa
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Postby Jalarupa » Fri Apr 13, 2012 4:49 am

pawelklos wrote:
Jalarupa wrote:Pawl,
Your pics are very miniature...
kindly scale them up a bit.
thx

Depends on your broker time when you take daily opens into account.I

I find mbt to be most accurate...

Combine daily open with bredin's 3xcc indicator and turn and see how you ...

Throw in a little sweet spot at 10 pips and look at the activity beditetween the spots nearest to and the daily open... It's quiet a sight

*edit* m1 works best for this.

**Edit** Please excuse the spelling and grammar, I was typing this from my phone and predictive text messed me around a bit...
Image

Light Pink line... H4 Open
Red line... Daily Open

Jal

Better photography opens up as you click the thumbnail.
Jalarupa your idea of the opening levels of h4 and d1 is interesting. You play the break out of these levels, with tf m1?


Well not really, I mean sometimes I just take the trade back to the open of the d1
w1 mn1 and also even h1 and h4... These opens are like a line in the sand, which when price returns I some times tradein the direction of profit... But this depends on various factors as to whether or not I take the trade, but it does work, and as proof of this the m1 example above illustrates it beautifully when you compare closes above or below a line in the sand...

I hope this makes sense... I'm on my phone currently so I can't Mark up a chart, but the fact is so glaringly obvious that if you look at your own charts you should see it... It's like mo says a line in the sand is any line that price does not close above or below depending on where you want to go... I'm paraphrasing poorly (I think it even rhymes lol)

pawelklos
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Postby pawelklos » Fri Apr 13, 2012 3:12 pm

Jalarupa wrote:
pawelklos wrote:
Jalarupa wrote:Pawl,
Your pics are very miniature...
kindly scale them up a bit.
thx

Depends on your broker time when you take daily opens into account.I

I find mbt to be most accurate...

Combine daily open with bredin's 3xcc indicator and turn and see how you ...

Throw in a little sweet spot at 10 pips and look at the activity beditetween the spots nearest to and the daily open... It's quiet a sight

*edit* m1 works best for this.

**Edit** Please excuse the spelling and grammar, I was typing this from my phone and predictive text messed me around a bit...
Image

Light Pink line... H4 Open
Red line... Daily Open

Jal

Better photography opens up as you click the thumbnail.
Jalarupa your idea of the opening levels of h4 and d1 is interesting. You play the break out of these levels, with tf m1?


Well not really, I mean sometimes I just take the trade back to the open of the d1
w1 mn1 and also even h1 and h4... These opens are like a line in the sand, which when price returns I some times tradein the direction of profit... But this depends on various factors as to whether or not I take the trade, but it does work, and as proof of this the m1 example above illustrates it beautifully when you compare closes above or below a line in the sand...

I hope this makes sense... I'm on my phone currently so I can't Mark up a chart, but the fact is so glaringly obvious that if you look at your own charts you should see it... It's like mo says a line in the sand is any line that price does not close above or below depending on where you want to go... I'm paraphrasing poorly (I think it even rhymes lol)


Thank you for your response

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