This set of rules mixes up the hemispheres. It would make more sense to buy above the pivot and sell below it, no matter what the entry or exit rules were. (Here is one system from FF that employs this filter in particular). Cheers, k

The Skill Check

This paragraph of great and unique wisdom will certainly be appreciated by future historians... Cheers k

Why members share strategies?

I understand what you're saying. It may be useful to know the motivations behind market moves. But be it market makers, aliens, Illuminati or Soros (and those items were not chosen to be necessarily mutually exclusive ), the market can at the ...

Why members share strategies?

Of course, I can show you the times I got run over by a bicycle - one cuts losses not to get run over by a truck - but I chose to show you just the girl. This is not a question of luck, just of knowing the market direction, a good entry (a failure ...

Why members share strategies?

Employing this view you're going to catch only those moves that are smaller than the average, and certainly smaller than the moves in the opposite direction. I could perhaps handwalk to the baker's in the morning, but I regularly choose not to do ...

Why members share strategies?

Sometimes one does get hit by a truck, but it is impossible to catch her unless you try... image

Why members share strategies?

On oil there is a pullback going on currently, I will probably enter the uptrend as soon as the pullback starts failing. k image

Analysis and Trading based on Envelopes, Waves, Cycles

The reason behind this "old-fashioned" rule is that the distribution of returns does not really change - probably since the rice traders in medieval Japan. This means that the probability of sustained price movement is larger than what you'd expect ...

Why members share strategies?

Very interesting, thanks. I have found that usually there are normally three pushes in a move, so following a continuation should work ~2/3=67% of the time, which agrees with your statistics of 70% of continuation quite well. Following with ...

Dax - Statistical approach to trading

Note to self: It is REALLY difficult to write an EA that works all the time. image The Balance curve basically indicates that it is not worthwhile running this EA outside the NY session. Only then the price movements are sufficiently large for it ...

The Great Pumpkin

This makes a lot of sense to me. Particularly the 4/8 line being major s/r. I used a very similar idea to estimate how far the trend would potentially go by looking for a major S->R (downtrend) or R->S event (uptrend) along its path. Usually there ...

Analysis and Trading based on Envelopes, Waves, Cycles

Like clockwork. Hopefully Trump’s corporate tax reform wins this market test. Last crisis (pullback to Dow uptrend) shattered much of southern EU economies... image

The Great Pumpkin

Note that the triangular ma (and by extension its derivatives) normally repaints. k

I'm looking for this MT4 histogram indicator