Y = MX + B. The most important price level of all.
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DislikedYour point of control is the same as Market profile point of control or one of you own calculations?
thanks.
-guandiIgnored
DislikedLine,
Some questions I am wondering about. I ran a quick test on the point of control and obviously that line has too much traffic to be useful with this idea. It seems you are looking for a level that is slightly out of bounds from the peak volume area. I see that you look at hourly volatility and a reading of 32 pips, is that a hard fast rule?
Also, my POC test showed me what I wanted to see with how tight I could defend any line and it ends up being a zone really. The spread, the close of the bar all play a role in widening where my (automated)...Ignored
Disliked...I see that you look at hourly volatility and a reading of 32 pips, is that a hard fast rule?Ignored
DislikedAlso, my POC test showed me what I wanted to see with how tight I could defend any line and it ends up being a zone really. The spread, the close of the bar all play a role in widening where my (automated) trade entry and exits are. How are you handling that issue?Ignored
DislikedLastly, what role does the double stochastic play? Since you are not interested in direction are you relying on it for an overbought/sold level?Ignored
DislikedThe second V-Trigger today looks like it will set at between 2115 and 1230 hrs GMT -1. However, there is no more fuel remaining in the Daily range tank (bone dry) and just as expected, the H1 volatility has begun to enter its compression cycle. Two very good reasons to let this V-Trigger walk....
http://www.freeimagehosting.net/t/7dd05.jpgIgnored
DislikedHey man,
How about getting to the basics of what moves a market (stops) and using those as trigger points?
Forget range and any indicators, look at that move on Thursday even with a 20 pip trailing could have pulled it all in.Ignored