DislikedHi all, I want to show you very simple study, but very powerful one. I have already mentioned this study, but I want to give you the whole results. In this study I analysed close location, how it is the close location calculated? My formula is: 1 – (High – Close)/(High – Low) = Close location. If a day closes at the top, the close location is 100% If a day closes at the low, the close location is 0% If a day closes at the middle of its range, the close location is 50% Here are results what can you expect for the given close locations. {image} So...Ignored
Hi Pip-Miner,
sorry for such a late answer. I was deeply focusing on my trading. For the statistics I am using Excel, I just export data and then play with them. First, it is very important to define a question, which you want to solve. To be hones I do not know what the reverse engineering is
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I am still trading the same way, few stats and PA and I am doing quite well. I am also still trading for ftmo.com as their trader. I am learning to do more complicated statistics in investorRT from linnsoft and I can recommend you to listen to Tom Dante (Trader Dante) for this topic.
In the picture you can see impulsive swing, whish has 70% chance that it will continue and break the swing low rather than reverse and break the swing high. The second position was exited just before the yesterday´s low, which had a probability of 81% to be broken.
HT
sorry for such a late answer. I was deeply focusing on my trading. For the statistics I am using Excel, I just export data and then play with them. First, it is very important to define a question, which you want to solve. To be hones I do not know what the reverse engineering is
.I am still trading the same way, few stats and PA and I am doing quite well. I am also still trading for ftmo.com as their trader. I am learning to do more complicated statistics in investorRT from linnsoft and I can recommend you to listen to Tom Dante (Trader Dante) for this topic.
In the picture you can see impulsive swing, whish has 70% chance that it will continue and break the swing low rather than reverse and break the swing high. The second position was exited just before the yesterday´s low, which had a probability of 81% to be broken.
HT
Hi HeinzTrader,
very interesting approach to trade!
How did you find out that an impulsive move is 25+ points on M1?
Did you ask your friend if you can share the indicator with us?
If it's not possible could you please explain what exactly is different from the normal ZigZag indicator?
PS:
Liebe Grüße aus Deutschland
very interesting approach to trade!
How did you find out that an impulsive move is 25+ points on M1?
Did you ask your friend if you can share the indicator with us?
If it's not possible could you please explain what exactly is different from the normal ZigZag indicator?
PS:
Liebe Grüße aus Deutschland
Hi HeinzTrader, very interesting approach to trade! How did you find out that an impulsive move is 25+ points on M1? Did you ask your friend if you can share the indicator with us? If it's not possible could you please explain what exactly is different from the normal ZigZag indicator? PS: Liebe Grüße aus Deutschland
you need to export ZIG-ZAG swings (1M TF) to Excel and you will find that 70% of all rotations are below 25 points. It is well explained in this webinar: https://futurestrader71.com/february...nic-rotations/
FuturesTrader71 is the one who first (probably) mentioned trading using statistics, he is the right guy to follow.
The difference betweem my ZigZag and the ZigZag in the MT4 platform is that mine is not re-calculating and the swings are measured precisely. Sorry I cannot share it for now, but this indicator is no miracle, you can trade without it
.HT
Hello Everyone,
I have some time so I will use it to write about a very nice signal I had yesterday. I was trading long impulsive move (green line). I entered three times because I did not want to miss it. The first entry was based on order flow, I sometimes think that without orderflow would be my trading much more simple and maybe more profitable. I was really hoping that the short black horizontal line would hold and that happened. I exited two thirds of my positions before the impulsive swing high (as always) and the last position was held just before the IB H. IB H or IB L has very high probability of breaching, yesterday it was 98 % so it is a great and logical target area.
I have some time so I will use it to write about a very nice signal I had yesterday. I was trading long impulsive move (green line). I entered three times because I did not want to miss it. The first entry was based on order flow, I sometimes think that without orderflow would be my trading much more simple and maybe more profitable. I was really hoping that the short black horizontal line would hold and that happened. I exited two thirds of my positions before the impulsive swing high (as always) and the last position was held just before the IB H. IB H or IB L has very high probability of breaching, yesterday it was 98 % so it is a great and logical target area.
