Is this correct from the table you posted earlier: Throw out two largest in the Long column, whatever number is biggest in the long column after, look to the left and that is your LSD? Throw out two largest in the Short column, whatever number is biggest in the short column after, look to the right and that is the SLD? Thanks
I had a chance to go through nuke's writings and graphics and make better sense of them. I've pasted an improved data table with commas that can be imported into Excel. I've also attached an Excel file that corresponds to this data. It contains the SLD and LSD calculations with some notes. bar,short,long 21,.5,36 20,3.3,64 19,5.6,25 18,8.3,36 17,.4,54 16,3.1,22 15,3.1,33 14,1.6,20 13,,83 13,,14.5 12,.1,56.5 11,4.3,39.2 10,,90 10,,28.6 9,2,70 8,7,69 7,0,66 6,10,54 5,,30 5,,28.6 4,,67 4,,14 3,.4,51 2,,59 2,,30.4 1,1.3,74 The original posting with the data table contained an hourly chart that corresponded to the data. I've annotated it with bar numbers to clarify it and attached it as well.
not really i dont throw them out but if its an extreme short side like 15 or so its considered long side and the trade had two long sides.
its about right cept 10 and 8.3 are considered failed trades and dont apply so the lsd is 7 not 10 since 2 trades fail we search for 90% rate success or the rate your comfortable with to decide these factors. ill modify this excel and repost. this isnt 100% its just about making trade consistently profitable... not fishing for whales and throwing tuna back....or hunting for the big trades while the rest of the time taking small fails.
mines sucks? then why you on it... note in the beginning i asked for constructive crit only ... im cool with you saying it sucks... but why not include the pieces you think to be wrong or not work... bring up things anyone can say anything sucks but those post arnt worth while... but if you say this is wrong try this offer help whatever or opinion then maybe ill take you more seriously ... im profitable with this system.... as ive posted trades ive made many being profitable but i also post where ive been stopped out at i dont try to hide the fact i lose every once in a while. if the thread sucks say why so i can amend it.
wow not sure ive ever had so many pm's in my life.... maybe we can post questions on the board so i can answer as many as i can cause often theyre the same.
Thank you very much for this thread. It is very interesting and right about things I am searching for in the markets. Unfortunatey, I lost here. Completely. For example, what is "longest shortest distance from open"? Where I can find it on a bar/candle? Is it some acronym for open to high, low distance or something? I have never heard these terms. Can someone give me an example taking one candle, saying it has open 1.xxxx, close 1.xxxx, high 1.xxxx, low 1.xxxx so the "longest shortest distance from open" will be YYY because ...... Thank you in advance!