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(binned per thread starter’s request) dwebTWT: Trade When Triangl

  • #61
  • Oct 7, 2016 4:44am Oct 7, 2016 4:44am
Quoting dweb
{quote} We collect our data and refine/define rules for the two line accordingly. Retracement to HLine: often price is stops hunting, thus its important to aware of other FX aspects, but this thread is not for that. There are other threads/google that handle that effectively. 4:1 R:R on require stops, thus we have to understand the previous I just made, as well as the asset behaviour. "low risk": this a priority. Retracement(s): ++ here I have pulled a new SB ++ the L of next bar is correct, however price does not build on that momentum and moves...
Asset: Silver, M5
Assuming SELL orders were opened during the 1st TWT, and not closed during the 2nd TWT where BUY orders were opened. We can see that price Silver is locked in a range thus I expect the 3rd SB to develop into a SELL TWT, unless the MM are listening to us, which I hope they do (LOL). The bluebox is an HPX for the BUY orders. We know the dollar will affect this picture anyway it wants to so we are not focused on that here.
Attached Image (click to enlarge)
Click to Enlarge Name: R_D_dwebTWT_training 11a.jpg Size: 63 KB
We err, and err, and err again, but less.
  • #62
  • Edited 5:22am Oct 7, 2016 4:57am | Edited 5:22am
But on the Pictures i see some more Patterns.
Attached Image (click to enlarge)
Click to Enlarge Name: R_D_dwebTWT_training 11a.jpg Size: 67 KB


why have u not take them?
please tell me how you filter them
Everyday better.
  • #63
  • Oct 7, 2016 5:29am Oct 7, 2016 5:29am
Quoting dweb
{quote} Asset: Silver, M5 Assuming SELL orders were opened during the 1st TWT, and not closed during the 2nd TWT where BUY orders were opened. We can see that price Silver is locked in a range thus I expect the 3rd SB to develop into a SELL TWT, unless the MM are listening to us, which I hope they do (LOL). The bluebox is an HPX for the BUY orders. We know the dollar will affect this picture anyway it wants to so we are not focused on that here. {image}
Price feedback...
Attached Image
We err, and err, and err again, but less.
  • #64
  • Oct 7, 2016 5:36am Oct 7, 2016 5:36am
Quoting arlucad
But on the Pictures i see some more Patterns. {image} why have u not take them? please tell me how you filter them
I made a quick reply to your pic... I will use the same chart to explain HPE better.
Attached Image (click to enlarge)
Click to Enlarge Name: arlucad 3b.jpg Size: 68 KB
We err, and err, and err again, but less.
  • #65
  • Oct 7, 2016 5:41am Oct 7, 2016 5:41am
a consolidation is a good sign for a big breakout

yes your right the pattern dont result in a entry so they dont count.
Everyday better.
  • #66
  • Oct 7, 2016 5:47am Oct 7, 2016 5:47am
Training: HPE
Objective:
++ find the trough/turn (TT)
++ find the bar (TT) in the turn against which the current or next bar must exceed the its H or L
++ once TT identified, and next bar closed, we draw the SB

Here I have drawn the arrows to identify the TT, and drawn the SB... this uncluttered should make the 2nd line easy now
Attached Image (click to enlarge)
Click to Enlarge Name: R_D_dwebTWT_training HPE 1.jpg Size: 82 KB
We err, and err, and err again, but less.
  • #67
  • Oct 7, 2016 5:52am Oct 7, 2016 5:52am
Quoting dweb
Training: HPE Objective: ++ find the trough/turn (TT) ++ find the bar (TT) in the turn against which the current or next bar must exceed the its H or L ++ once TT identified, and next bar closed, we draw the SB Here I have drawn the arrows to identify the TT, and drawn the SB... this uncluttered should make the 2nd line easy now {image}
Now we can see the TWT and dTWT...more clearly
TWT = success
dTWT = failure
Attached Image (click to enlarge)
Click to Enlarge Name: R_D_dwebTWT_training HPE 2.jpg Size: 108 KB
We err, and err, and err again, but less.
  • #68
  • Oct 7, 2016 5:57am Oct 7, 2016 5:57am
yes this sounds like a good idea.

Do u close your positions at the arrows or is this your HPe?


Please tell me why u draw the second and third TWT?
Everyday better.
  • #69
  • Oct 7, 2016 6:13am Oct 7, 2016 6:13am
Quoting arlucad
yes this sounds like a good idea. Do u close your positions at the arrows or is this your HPe? Please tell me why u draw the second and third TWT?
Exit is King: This up to the individual
Purpose: Identify HPE areas

Objective: assume we open orders on every HPE on this chart...

++ You may have decided to open an order on every potential SB
++ You may have decided to open on 1st bar where the H is lower than the SB in a downtrend OR opposite in up trend
++ HPE marked (B) are in the wrong direction of the SB, thus not valid entries
++ HPE marked (A) is dTWT due to OB. If we ignore the OB then (A) would be a trigger. Bar #5 after the trigger makes it a dTWT. This order thus is highly speculative. Lets assume that is the only loss in the group.
Attached Image (click to enlarge)
Click to Enlarge Name: R_D_dwebTWT_training HPE 3.jpg Size: 108 KB
We err, and err, and err again, but less.
  • #70
  • Edited 7:57am Oct 7, 2016 6:29am | Edited 7:57am
okay i understand thanks.

I will write a List with entry rules and pattern rules. After search through 6 Month of data on 1min chart to find the pattern is easy but i dont understand why u draw Patterns when there is no Insidebar. For me thats the only hard rule to filter at this moment.
Everyday better.
  • #71
  • Oct 7, 2016 9:59am Oct 7, 2016 9:59am
Quoting arlucad
okay i understand thanks. I will write a List with entry rules and pattern rules. After search through 6 Month of data on 1min chart to find the pattern is easy but i dont understand why u draw Patterns when there is no Insidebar. For me thats the only hard rule to filter at this moment.
I am with you on the non-IB rule. Do what fits your strategy, which is the IB as base, and the rest you work at it at your own time. No rush...We take it one day at a time.
We err, and err, and err again, but less.
  • #72
  • Oct 7, 2016 10:09am Oct 7, 2016 10:09am
okay thank you.

I will only trade the pattern with an inside bar. Tim will tell.

After this weekend i hope we get a little set of rules read for next week to test this in realtime!

Lets make this pattern a winner^^
Everyday better.
  • #73
  • Oct 7, 2016 10:55am Oct 7, 2016 10:55am
when u have more examples of TWTs and u upload them here that would be nice
Everyday better.
  • #74
  • Oct 7, 2016 11:36am Oct 7, 2016 11:36am
Quoting arlucad
when u have more examples of TWTs and u upload them here that would be nice
Yes I will, there much still hidden here... time will tell hey!
We err, and err, and err again, but less.
  • #75
  • Oct 7, 2016 11:39am Oct 7, 2016 11:39am
Quoting arlucad
okay thank you. I will only trade the pattern with an inside bar. Tim will tell. After this weekend i hope we get a little set of rules read for next week to test this in realtime! Lets make this pattern a winner^^
Observation:
++ Manual HPE...for now
++ HPX is possible
++ Losses are cut early
++ HPE are limited to very high probabilities

Attached Image

dweb(◆
We err, and err, and err again, but less.
  • #76
  • Oct 7, 2016 3:17pm Oct 7, 2016 3:17pm
the Problems are ranges do u have any filter besides of higher timeframes?

When the SB is down u only sell and when its up u only buy right?
s
.
I see in trends often that the candle after the insidebar breaks in the direction of the trend and the second is againts it and then the trend continue. When i draw now the Hline at the low or high of the second bar i dont get an entry or i get burned.


Attached Image (click to enlarge)
Click to Enlarge Name: 2016-10-07_2208.png Size: 15 KB



Attached Image (click to enlarge)
Click to Enlarge Name: 2016-10-07_2211.png Size: 23 KB
Everyday better.
  • #77
  • Oct 8, 2016 1:45am Oct 8, 2016 1:45am
Quoting arlucad
the Problems are ranges do u have any filter besides of higher timeframes? When the SB is down u only sell and when its up u only buy right? s . I see in trends often that the candle after the insidebar breaks in the direction of the trend and the second is againts it and then the trend continue. When i draw now the Hline at the low or high of the second bar i dont get an entry or i get burned. {image} {image}
Ranges: Will look at that...
Sell/Buy: Yes, when SB up we Buy, down we Sell.
Image: Have a look at my lines and see what question you may have is still not answered.

NB: We have two types of SB. (1) IB, (2) H or L of 2nd bar in at turn. Thus we can interchange depending the situation. However, you are IB focussed due the assets you trade.
Attached Image (click to enlarge)
Click to Enlarge Name: arlucad 4.jpg Size: 104 KB
We err, and err, and err again, but less.
  • #78
  • Oct 8, 2016 2:01am Oct 8, 2016 2:01am
Quoting arlucad
the Problems are ranges do u have any filter besides of higher timeframes? When the SB is down u only sell and when its up u only buy right? s . I see in trends often that the candle after the insidebar breaks in the direction of the trend and the second is againts it and then the trend continue. When i draw now the Hline at the low or high of the second bar i dont get an entry or i get burned. {image} {image}
Double IB: I draw lines to see where trend was going or whether an TWT was developing. Results in picture. See if it helps. the more you draw, the more you perception will be enhanced.
Attached Image (click to enlarge)
Click to Enlarge Name: arlucad 4a.jpg Size: 94 KB
We err, and err, and err again, but less.
  • #79
  • Edited 4:54am Oct 8, 2016 4:21am | Edited 4:54am
Okay I have to work on my analysis :-)

Practice, Practice

So when the sb fails u cancel the pattern?

Only when n the price hit the h line instantly (http://www.dict.cc/englisch-deutsch/instantly.html) the pattern is counting?

What did u mean with high or low of 2nd bar in at turn?
Everyday better.
  • #80
  • Oct 8, 2016 6:16am Oct 8, 2016 6:16am
Quoting arlucad
Okay I have to work on my analysis :-) Practice, Practice So when the sb fails u cancel the pattern? Only when n the price hit the h line instantly (http://www.dict.cc/englisch-deutsch/instantly.html) the pattern is counting? What did u mean with high or low of 2nd bar in at turn?
The lines we currently draw are in hindsight, but in trading you would move the SB to the next valid bar until a TWT develops and leave it as long as it stay valid. or market turns.
H line: It was inserted as a marker after which the SB is drawn. You don't need it as your perception will develop strong.
What did u mean...: refer to the arrows on post #69.
We err, and err, and err again, but less.
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