The ideas that I trade by:

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
laksh
rank: 50+ posts
rank: 50+ posts
Posts: 115
Joined: Tue Jan 05, 2016 5:11 pm
Reputation: 6
Gender: None specified

Re:

Postby laksh » Mon Aug 29, 2016 7:19 pm

MightyOne wrote: Maybe I have spent one too many years looking for patterns :lol:


You reminded me of this film (based on a true story) I watched recently!


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

courier12
rank: <50 posts
rank: <50 posts
Posts: 28
Joined: Mon Mar 07, 2016 1:11 pm
Reputation: 9
Gender: None specified

Re:

Postby courier12 » Tue Aug 30, 2016 10:47 am

MightyOne wrote:Relevant Information:
"anything within the last two bars that has interacted with the active candle"

If the high/low has not been touched then don't use it.
If price didn't trade through a midpoint then don't use it.

Anything within the active bar has, by MO definition, been interacted with.

In the picture below, price recently interacted with the low of the previous bar so that is your focus.
The current midpoint doesn't matter because you are already looking for longs above and shorts that are below
the previous low extreme.
If the midpoint exceeds the low then it becomes more important than the low.
If price leaves the midpoint behind then you can use HOLO or a daily open.

Again, if it is not within the last 2 bars and the active bar has not traded through or interacted with it then don't use it.

EURUSDDaily.png


Hi Mighty One:

I understood most of the above, expect this one line below. Love the idea of looking at Hi/Lo/Midpoint of last 2 bars which the current active bar has interacted with.

" If price leaves the midpoint behind then you can use HOLO or a daily open.."

Are you refering to HOLO on any intraday timeframe of ur choice? or did u mean something else?
Also, if price leaves the midnight behind, woudn't it also leave todays active daily open behind? In your chart for example, price is already way below daily open....or were u refering to a weekly open / monthly open / an earlier day open from a while back? Thank you

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5457
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 436
Gender: Male

Re: Re:

Postby MightyOne » Tue Aug 30, 2016 4:25 pm

courier12 wrote:...

" If price leaves the midpoint behind then you can use HOLO or a daily open.."

Are you refering to HOLO on any intraday timeframe of ur choice? or did u mean something else?
Also, if price leaves the midpoint behind, woudn't it also leave todays active daily open behind? In your chart for example, price is already way below daily open....or were u refering to a weekly open / monthly open / an earlier day open from a while back? Thank you


What I had in mind was that if price starts trading below the highest H1 open that you can elect to trade against the bias.

I use daily opens for the monthly bias.

USDJPYH1.png
USDJPYH1.png (32.57 KiB) Viewed 453 times

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12493
Joined: Sun May 14, 2006 9:31 pm
Reputation: 504
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: Re:

Postby TheRumpledOne » Tue Aug 30, 2016 10:34 pm

MightyOne wrote:
courier12 wrote:...

" If price leaves the midpoint behind then you can use HOLO or a daily open.."

Are you refering to HOLO on any intraday timeframe of ur choice? or did u mean something else?
Also, if price leaves the midpoint behind, woudn't it also leave todays active daily open behind? In your chart for example, price is already way below daily open....or were u refering to a weekly open / monthly open / an earlier day open from a while back? Thank you


What I had in mind was that if price starts trading below the highest H1 open that you can elect to trade against the bias.

I use daily opens for the monthly bias.

USDJPYH1.png


So when price is above the current monthly midpoint and below the current daily open, you go long when price reaches the current daily open?
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.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5457
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 436
Gender: Male

Re: Re:

Postby MightyOne » Wed Aug 31, 2016 2:48 am

TheRumpledOne wrote:
So when price is above the current monthly midpoint and below the current daily open, you go long when price reaches the current daily open?


A trade is made when a line is defined as THE trigger and price touches the trigger.

If the bias is up then any line that is at or above the bias line can be defined as THE trigger.

If price is below the daily open then you CAN short; until then you are only looking at long trades.

The entries vary...
we'll get to the least important part later. :lol:

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

Sacrophage
rank: 150+ posts
rank: 150+ posts
Posts: 152
Joined: Tue May 17, 2016 8:16 pm
Reputation: 12
Gender: None specified

Re: The ideas that I trade by:

Postby Sacrophage » Wed Aug 31, 2016 4:02 am

^^Yes! Entry is the least important part of the trade when going for lines aka moves of relative significance. Entry is also completely arbitrary when looking at game theory/infinite series strategies. Entry is very important, however, for single predictive trades where spread is a large % of TP or SL, or R:R is very small.

courier12
rank: <50 posts
rank: <50 posts
Posts: 28
Joined: Mon Mar 07, 2016 1:11 pm
Reputation: 9
Gender: None specified

Re: Re:

Postby courier12 » Wed Aug 31, 2016 4:07 am

MightyOne wrote:
courier12 wrote:...

" If price leaves the midpoint behind then you can use HOLO or a daily open.."

Are you refering to HOLO on any intraday timeframe of ur choice? or did u mean something else?
Also, if price leaves the midpoint behind, woudn't it also leave todays active daily open behind? In your chart for example, price is already way below daily open....or were u refering to a weekly open / monthly open / an earlier day open from a while back? Thank you


What I had in mind was that if price starts trading below the highest H1 open that you can elect to trade against the bias.

I use daily opens for the monthly bias.

USDJPYH1.png


Thank you Mighty One, I was assuming you were looking at Daily and H1 charts and not the Weekly / Monthly charts. My bad.
And in the chart I think, this is the prior month's midpoint and not the current month's developing midpoint?

Thank you

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5457
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 436
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Wed Aug 31, 2016 5:40 am

I am sure that there is a shorter version :)

EDIT: the only problem that I am having right now is that the chart doesn't update unless I change periods.
I will probably wrap this code in an "extern bool AUTO_MIDPOINT = false;" for now.
EDIT2: & I need to find a better formula for outside bars...

Code: Select all

   
   If(AUTO_MIDPOINT){
   //outside bars
   if(high > phigh && low < plow){
   if(close > open){Mid = (high + open)/2;}else
   if(close < open){Mid = (low + open)/2;}}else
   //no breakout
   if(high < phigh && low > plow){Mid = (high + low)/2;}else
   //breakout one way or the other
   if((high > phigh && low >= plow) || (low < plow && high <= phigh)){
   //no deep retracement
   if((high > phigh && low > pmidpoint) || (low < plow && high < pmidpoint)){
   Mid = (high + low)/2;}else
   //deep retracements
   if(high > phigh && low < (pmidpoint + plow)/2 && close <= (pmidpoint + phigh)/2){
   Mid = (pmidpoint + low)/2;}else
   if(low < plow && high >(pmidpoint + phigh)/2 && close >= (midpoint + plow)/2){
   Mid = (pmidpoint + high)/2;}else
   if(low < pmidpoint || high > pmidpoint){
   if(high > phigh){ Mid = (pmidpoint + high)/2;}else
   if(low < plow){ Mid = (pmidpoint + low)/2;}}}}else
   {Mid = (high + low)/2;}
   

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5457
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 436
Gender: Male

Re: Re:

Postby MightyOne » Wed Aug 31, 2016 6:02 am

courier12 wrote:And in the chart I think, this is the prior month's midpoint and not the current month's developing midpoint?

Thank you


I think that I had the weekly midpoint on that chart #-o

salezyakuku
rank: 50+ posts
rank: 50+ posts
Posts: 149
Joined: Thu Mar 19, 2015 9:45 pm
Reputation: 44
Location: PL
Gender: Male

Re: The ideas that I trade by:

Postby salezyakuku » Wed Aug 31, 2016 8:58 am

MightyOne wrote:EDIT: the only problem that I am having right now is that the chart doesn't update unless I change periods.
I will probably wrap this code in an "extern bool AUTO_MIDPOINT = false;" for now.

Deleted some prev. answers. 8)

Code: Select all

    if (PriceEntry == 0) {
   if( Price_Choices == 1) PriceEntry = iOpen(0,timeframe_const,Price_Shift);
   if( Price_Choices == 2) PriceEntry = iClose(0,timeframe_const,Price_Shift);
   if( Price_Choices == 3) PriceEntry = iHigh(0,timeframe_const,1);
   if( Price_Choices == 4) PriceEntry = iLow(0,timeframe_const,1);
   if( Price_Choices == 5) PriceEntry = Mid;
   //if( Price_Choices == 6) PriceEntry = MidBody;
   }


This part of code make problem with auto update. After first run PriceEntry is != 0.
Last edited by salezyakuku on Wed Aug 31, 2016 9:31 pm, edited 1 time in total.
"I only see my goals, I don't believe in failure 'Cause I know the smallest voices, they can make it major"

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


Return to “TheRumpledOne”