The ideas that I trade by:

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MightyOne
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Postby MightyOne » Mon Feb 11, 2013 7:01 am

trueblueTEX wrote:Hey MO,

what do you mean by "angel reuse"?


Maybe you drew a trend line moving upwards at a 35* angle and the line breaks.
Instead of waiting for a pivot to connect to, for the down trend, you can simply reverse the 35* angle; that is angle reuse.

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MightyOne
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Postby MightyOne » Mon Feb 11, 2013 7:17 am

Here is another example TEX:

Image

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PebbleTrader
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Postby PebbleTrader » Mon Feb 11, 2013 3:44 pm

"-I no longer consider closing prices (to avoid shifts)."

What do you mean?

I use the CLOSE for these reasons:

- To better determine which way price is moving

- If I was using a line chart, I'd use the CLOSE

- To see important wicks (after they occur)

- For bumping my step chart up or down if a CLOSE takes out an extreme
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aliassmith
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Postby aliassmith » Mon Feb 11, 2013 4:11 pm

PebbleTrader wrote:"-I no longer consider closing prices (to avoid shifts)."

What do you mean?

I use the CLOSE for these reasons:

- To better determine which way price is moving

- If I was using a line chart, I'd use the CLOSE

- To see important wicks (after they occur)

- For bumping my step chart up or down if a CLOSE takes out an extreme


Today's close is tomorrow's open, well for the most part.
Trade Your Way as Long as It Makes Money!

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Postby aliassmith » Mon Feb 11, 2013 4:58 pm

Weekly
Trade Your Way as Long as It Makes Money!

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Postby aliassmith » Mon Feb 11, 2013 4:59 pm

Daily
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slingblade
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Postby slingblade » Mon Feb 11, 2013 7:34 pm

MO: I started on the Codecademy in your sig line. Thanks for the link. That gave me the boost I needed to start.

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MightyOne
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Postby MightyOne » Mon Feb 11, 2013 8:05 pm

PebbleTrader wrote:"-I no longer consider closing prices (to avoid shifts)."

What do you mean?

I use the CLOSE for these reasons:

- To better determine which way price is moving

- If I was using a line chart, I'd use the CLOSE

- To see important wicks (after they occur)

- For bumping my step chart up or down if a CLOSE takes out an extreme


It is easier to make plans based on relatively stable price ( price spends most of its time in a range where the midpoint remains fixed )
than it is to make plans based on a random closing price.

Instead of a close higher, I look to see if the midpoint is pulled higher.
Can It change course and move lower? Yes, but the low must be taken out in the current bar and move to a known price to drag it lower.

The midpoint is like a 'dynamic open' which is temporarily the same as the closing price.

The problem with closing prices is shifts (you can ignore them but they are still there):

If I said that price closed higher today then you might say 'based on what part of the world'
If I made this simple and divided the day into three equal parts then I would see three different charts (the interpretation of the three 'versions' of the daily chart says a lot more than a single random close).

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MightyOne
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Postby MightyOne » Mon Feb 11, 2013 8:07 pm

slingblade wrote:MO: I started on the Codecademy in your sig line. Thanks for the link. That gave me the boost I needed to start.


I love that place, it is a fun and friendly environment :D

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trueblueTEX
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Postby trueblueTEX » Mon Feb 11, 2013 8:45 pm

MightyOne wrote:
PebbleTrader wrote:"-I no longer consider closing prices (to avoid shifts)."

What do you mean?

I use the CLOSE for these reasons:

- To better determine which way price is moving

- If I was using a line chart, I'd use the CLOSE

- To see important wicks (after they occur)

- For bumping my step chart up or down if a CLOSE takes out an extreme


It is easier to make plans based on relatively stable price ( price spends most of its time in a range where the midpoint remains fixed )
than it is to make plans based on a random closing price.

Instead of a close higher, I look to see if the midpoint is pulled higher.
Can It change course and move lower? Yes, but the low must be taken out in the current bar and move to a known price to drag it lower.

The midpoint is like a 'dynamic open' which is temporarily the same as the closing price.

The problem with closing prices is shifts (you can ignore them but they are still there):

If I said that price closed higher today then you might say 'based on what part of the world'
If I made this simple and divided the day into three equal parts then I would see three different charts (the interpretation of the three 'versions' of the daily chart says a lot more than a single random close).


Is that what the sma is for?

edit: added following:
You're not changing "close over/under something" to "midpoint over/under something" are you?
Last edited by trueblueTEX on Mon Feb 11, 2013 8:50 pm, edited 1 time in total.

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