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So why use H1 candles and the highs and lows off of them.
I ran a frequency distribution and found an edge.
Do you believe some entries are more important than others?
I do not understand what you mean by important.
Are breakouts from your H1 candles more valid than a cross of a 50 period ma? Why?
No price is "more valid" than another price. You can use randomly placed horizontal lines. In fact, you can trade the "crack in the monitor"...LOL!!
REMEMBER AT EACH PRICE, PRICE WILL EITHER MOVE UP OR DOWN. THAT'S IT. THAT IS ALL THAT THERE IS. GIVING A PRICE A NAME DOESN'T MEAN A THING. DO NOT BE FOOLED.
Can you help answer these questions from other members on NexusFi?
Hi TRO,
I would like to trade this idea -
‘’…because the rat would win 2 out of 3 trades by trading as follows:
If previous bar is red, then look to go short at the previous bar low.
If previous bar is green, then look to go long at the previous bar high.’’
I have seen that you also look at GBPUSD...
Can you give me an Idea to calculate a SL which works statistically positive for the H1?
Maybe also a Tip how the rat would take its booty?
FWIW I started to experiment with TRO's concepts. Here is a 60 Min Chart for the ES showing the Distributions. Interesting results for the past 5 days.
This indicator is not ready for prime time. It was a CUI (Coding Under the Influence) effort last night. Has issues with COBC = false.
Should have added: "If I understand the concept correctly"
According to the guidelines, as I understand them you are not suppose to try and filter out the losers. I understand also that there is a 60% chance of the play working. However on my 6E "Rat Trade" this morning I could have saved myself a lot of heat had I checked Sefrat's d9 indicator prior to entry. As you can see from the image a much better signal (complete with d9 confirmation) followed shortly after. Something to think about?
An alternative to trading off the cracks in your monitor screen...hehe
If 7 ticks is the tipping point. In other words - Once it reaches this amount it takes a while to come back - then look at a 7 range chart. Only play green or red rat. In other words only be a net long or net short player not both. For net long Enter on close of green bar (price has moved 7 ticks in your favor. Place stop loss at bottom of entry trigger bar. Exit on profit or at close of red bar. ( 7 ticks against your chosen direction) Profit may be 3 or 4 ticks or may be 20 ticks. Don't try to filter. Just keep losses small. Simple. Try it on SIM first.
So which image below predicts the future....answer neither.
* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS
* The reason you …