Shoot. I just bit tooth and nail. But I got it to work. I have closes higher than previous high and close lower than previous low. I think Anek's some other rule in the there too. I like it! -Tech
Ok, It's past Midnight est. Again. the stops and exits are redundant in style. I think that's a good thing because they become well defined rules.
Tech, Perfect analysis, the part you do not understand is me referring to a double bottom (against the trend) whose middle high swing was never taken by a closing bar. Good stuff. Question, so why can't you trade like this ? What prevents you from doing that? Anek
Anekdoten, enjoying the thread thank you for sharing. For the QT paintbar I posted your readers might want to change the{if Bar Open = Bar Close set color to white.} rule to if ABS(Bar Open - Bar Close) <= 0.25 set color to white. Where the 0.25 is what would be a neutral body size. The original rule will only show doji's. AAA30
Great A30, must I type all the A's ? The neutral rule is inconsequential for the purpose of highs and lows but nevertheless thank you for helping the QT users. Anek
Every trader must have his "Holy Grail Chair" for consistent profitability. Male version attached. Anek
lol, i totally understand about how u feel on avging down, but it's a mighty strong technique if done judiciously and with discipline ESPECIALLY if you get the side benefits of ecn credits. Believe it or not, i am profitable every month for the last 5 years other than an early blowout month where i lacked discipline. However, I have seen less disciplined traders take HUUGE losses - and i mean HUUUGE. As they say, avging down has killed more jews than the Holocaust... It's obviously a looooot easier to scale up if your risk / reward is high versus low to med risk/reward with a good batting avg so i'm definitely going to give it a try. Cheers!
I, I've talked a lot about averaging up in the journal. Feel free to browse the thread, perhaps with a search, you might find some comments useful. The bottomline line is the psychological hit of having a small winner becoming a break even or a small loser time after time, that's the hardest barrier to break. Five years without a losing month? I should be taking advice from you! Start posting Anek