Exactly kprsa... I couldn't explain it very clearly but you got it... Thank you... Good Luck...

Random Walk (The unbeatable!)

Hi kprsa, Yes exactly, I am talking about the calculation of other levels for the daily time frame only, so we can see the past on daily bars. Thanks for your prompt reply.. Please advise.. Good luck...

Random Walk (The unbeatable!)

Hi rolan, Thank you for sharing your trade. It looks like very good entry. Your trend assessment was perfect.. But my personal taste would be to enter at the first red bar. But you made a profit, that is a success.. Congrats. There is no clear cut ...

Random Walk (The unbeatable!)

Glad to hear that JKLee and thanks for sharing your charts.. But I will repeat the warning again (might sound boring). Please never trade your hard earned money blindly. If you are selective and watch the price action before entering, I ...

Random Walk (The unbeatable!)

Hi kprsa, Since you are talented coder, I would like to ask you the following question: Is it possible for you to change the code so that we take the volatility figure from the "ATR-Close" indicator from each day's open time and use that figure ...

Random Walk (The unbeatable!)

Hi JKLee, I honestly don't recommend entering trades blindly, without considering the bias for the day and watching the price action. But of course it is your money and decision. I have to emphasize that this is not a trading system, it is just a ...

Random Walk (The unbeatable!)

Some basic rules for the current day trend (direction to trade using levels): New High of the day is made: As long as price doesn't make a new low, trade long using bounces from levels (retracements). Make sure you have enough room and time left to ...

Random Walk (The unbeatable!)

Jack, Most of the times support becomes resistance and vice versa. One has to pay attention though. If support becomes a resistance and holds that means market is weakening. If resistance becomes support, market is strengthening... Good Luck

Random Walk (The unbeatable!)

Hi MZ, Thanks for your input. The more higher time frames you trade, the less effect you will see from randomness.. But obviously higher time frames consist of of lower time frames which are random %70 to %80 of the time. The only time it breaks ...

Random Walk (The unbeatable!)

Jack z score of 2.576 is %99...The nex ones are insignificant because that will happen 3-4 times a year, so it is nothing to worry about. Random walk has nothing to do with z scores. Z Scores are just used to find the boundaries of the random walk. ...

Random Walk (The unbeatable!)

Hi imran, Such a huge compliment, thank you very much

Random Walk (The unbeatable!)

Hi Matt, Highest significant z score is 2.58, which covers %99 of the data..If you need more coverage than you should search the web for a z score table... Goof Luck...

Random Walk (The unbeatable!)

Hi JKLee, Since these levels are time independent you can use them for any time frame you like as long as you make sure that the calculation chart is 5 minute time frame.. Good Luck..

Random Walk (The unbeatable!)

Hi Jack, There is no error in weekly levels. image As you said spx hit the %99 level on the daily range but touched only the first level of the week, which is normal in huge spikes. But if you see the %99 level hold nicely and than shot up D1Sup0, ...

Random Walk (The unbeatable!)

Few pointers for people who are interested. image As you can see the price respects these levels very much. I would like to see the price hesitate on a level before I enter. When weekly and daily levels coincide, they make a good ...

Random Walk (The unbeatable!)

Sure metta, Since I only trade sp500 for a long time now, here is pic of my chart. Range bars are 0.50 in height. image Red and blue bars come from 3 line break indicator and the 3 orange lines are mtf ma, set at 5 minute timeframe and they are ...

Random Walk (The unbeatable!)

I use it on offline range bars and it works fine, but you have keep an open 5 minute chart of the same pair in mt4. Otherwise calculation might get wrong.. Good Luck...

Random Walk (The unbeatable!)

Hi kprsa, Thank you for your input. I totally agree that it would be complicated task and correct calculation needs huge amounts of 5 minute bars. I think it is better to leave it like this without further complicating it for you. I truly appreciate ...

Random Walk (The unbeatable!)

I generally don't trade pairs. But to me UJ is heading south, so if the daily time frame is heading south too, I would wait for a retracement towards 50 then enter short, targeting 0 (Sup0),.. But this is my view... Good Luck..

Random Walk (The unbeatable!)

Exactly kprsa.. That is my bad.. I just missed putting the value 1.28 in the explanations.. Sorry for that.. Since you wrote I have a question: On daily time frame, the calculation of the volatility for the past can not be correct I think. I am not ...

Random Walk (The unbeatable!)