The Weekly Crash Zone
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erika_bb wrote:However if you add range to the current active candle then the crash zone would move correct? that can not be right
erika_bb wrote:if its projected from the high and low of the current week which can change during the week then the crash zone should also move as they change? because the indicator that i have is a fixed target? thanks
Yes, it moves. Here you can see the indicator that i've written in EasyLanguage:
You can find it here:
http://kreslik.com/forums/viewtopic.php?t=2794
Cheers
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- bredin
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It doesnt matter that it moves....
its about trading from an extreme, so after the extreme that youre trading AWAY from settles the target wont (cant) move.
G.
its about trading from an extreme, so after the extreme that youre trading AWAY from settles the target wont (cant) move.
G.
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- newscalper
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You were trading against God:
http://kreslik.com/forums/viewtopic.php?p=64297#64297
that never works out
http://kreslik.com/forums/viewtopic.php?p=64297#64297
that never works out
I would not use S/D as my only method of trading.
S/D is little more than an 83.33% ret of any price leg ie /\/\/\/\/.
Alternatively you can start the leg from the point of S/D, drag it up with the trend and stop on the pointy place of the other S/D area.
I could give you "odds enhancers" but that would be gimmicky...
low blow I know, he is a good guy
Trading is about balance:
Micromanaging vs macromanaging
Lowballing vs Paying up
Sanity vs Insanity (and yes, some insanity is a good thing!)
No matter which chart you are looking at the pointy place is where you
want a position from; somewhere between the 16.67 and 83.33% ret you place your trade with position on the low/high.
Here is my definition of a trend: the expansion of a range.
Now think of a channel:
If we were going to buy near the top of the channel then we expect price to expand the longer term range in the direction of profit; we have a longer term idea.
If we had a short term idea then we would not buy at the top of the channel:
to be cont...
S/D is little more than an 83.33% ret of any price leg ie /\/\/\/\/.
Alternatively you can start the leg from the point of S/D, drag it up with the trend and stop on the pointy place of the other S/D area.
I could give you "odds enhancers" but that would be gimmicky...
low blow I know, he is a good guy
Trading is about balance:
Micromanaging vs macromanaging
Lowballing vs Paying up
Sanity vs Insanity (and yes, some insanity is a good thing!)
No matter which chart you are looking at the pointy place is where you
want a position from; somewhere between the 16.67 and 83.33% ret you place your trade with position on the low/high.
Here is my definition of a trend: the expansion of a range.
Now think of a channel:
If we were going to buy near the top of the channel then we expect price to expand the longer term range in the direction of profit; we have a longer term idea.
If we had a short term idea then we would not buy at the top of the channel:
to be cont...
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