this is correct yes thats it but know that to get the lsd or sld some short side will be rather long if its > than the sld then you move it to the sld side then eliminate the lsd top extremities uses 80% data or 90% data so your taking the highest 10 or 20 % off to get lsd. good im glad you like it... im glad im bringing people to the forum its a good one i think.
WOW your right that could have been bad i fixed it luckily it was still 7 and 14 thanks for pointing that out
real time candle just closed that candle closed down and followed its high probability of movement perfectly well expand on this a bit tomorrow
Hello NTW31, When you 1st explained your calculations, I thought I understood what you were doing. I made a spreadsheet from the hourly OHLC data (freedata from finam http://www.fin-rus.com/analysis/export/_eng_/default.asp) The results look nothing like yours. There is always some variation between data vendors but this is not even close so I suspect I totally misunderstood your calculations. Here is my spreadsheet. Bill
there is alot of information there .... i do see somethings that are not right... look at the lsd sld part of the spread sheet the lsd > sld this should never happen you move look at the spreads i posted... if lsd > sld move that lsd to sld side then determine confidence and filter the bad trades out.. check out the couple of excels i posted maybe itll help
spread sheet for next trade attached use 80%+ again 4 removal removed 2 lsd's 2 sld's price above 20 ema LSD = 9 SLD = 17 entrance 10 pips away take 16 pips stop 10 pips direction long trade... MDRR= 5:3 NPOT=58pips note: this is a very low MDRR and a very low NPOT this will help you determine whether you want to attempt the trade or not the higher the MDRR and NPOT the better
chart that goes with excel vert. lines show 21 - 1 bar used for calculation 21 bar is furthest from price and 1 is closest price above ema 20 trade direction long
at 1208 bar touched 18 and 19 was out entrance this 18 was 9 pips from the open or the 80% - area it stopped before the statistical line and the dropped like a rock past the open to 9.5 just before the statistical line again and pulled back again. cool huh now the next new high or low it makes should be its formation direction within our %tile of accuracy. if youve read anything on market profile this i think is a pretty cool connection between stat trading and MP