Hii Rearden and Gejordan
That you very much, your comment reinforce my belief that even with simple rules as they can be as defined in post 945, it is widely open to personal interpretation and objectivity.
In my post 1173, I based my trade on trade idea #2, where Gejordan estimate that It is an aggressive entry and it is OK, but not OK unless I can explan.
See attached, I could have taken the same kind of setup in the 3 points marked on the chart
#1 - would have resulted in a loss.
#2 - Would not have been validated because the low was made during my night time, and also price made a new low between my trading hours (09h/18h)
#3 - Would not have been validated has price on marked one close below
I didn't took the trades as I only started to participate to the discussion from Wednesday.
While watching the picture attached, I just saw a similar setup which is the bar to the left yesterday top, but invalidated as price dropped and made another swing low.
and we have a similar setup whit the top made 3 hours ago waiting for 2 close below to be validated.
In both your comments, you mean that a swing must be more than 3 bars, haven't seen any reference about it. important point subject to interpretation, isn't it?
That was the reason of my first question in post 1155 "What makes your consider that price move above a high and stay above?"
Don't be mistaken, I am not here to argue or being picky or trolling the thread,
In fact it helps me to write down my thoughts and reinforce my recent understanding that more than the system is the way you apply the rules that may give a chance of success as long as the rules are crystal clear and without any possible interpretation, because it is from this possibility of interpretation that our mind will use to make us doubt or make excuses or whatever needed to justify the made decision.
It also helps to understand or at least point at where are my flows and the reasons why I am still in the process search, probably because as when I was young and studying accounting and programming in 1982, in order to write a program in Cobol or Basic we had to iterate all the steps.
Was re-reading the post 945 and again, What do you consider a retrace to the 50 line, so many questions could be asked.
Gejordan your post 1077 you mention "2. At end of day, see if price is moving in the direction of the bias. If so, I can trade, if not, no trade."
What do you consider end of day, you are in the US, I am in Europe and Rearden in Asia, so we are all in different time zone with different price behaviour over the different sessions.
May be I am asking myself to many questions, and probably it is one of the reason.
Thank you listening to my moanings.
Gerald
That you very much, your comment reinforce my belief that even with simple rules as they can be as defined in post 945, it is widely open to personal interpretation and objectivity.
In my post 1173, I based my trade on trade idea #2, where Gejordan estimate that It is an aggressive entry and it is OK, but not OK unless I can explan.
See attached, I could have taken the same kind of setup in the 3 points marked on the chart
#1 - would have resulted in a loss.
#2 - Would not have been validated because the low was made during my night time, and also price made a new low between my trading hours (09h/18h)
#3 - Would not have been validated has price on marked one close below
I didn't took the trades as I only started to participate to the discussion from Wednesday.
While watching the picture attached, I just saw a similar setup which is the bar to the left yesterday top, but invalidated as price dropped and made another swing low.
and we have a similar setup whit the top made 3 hours ago waiting for 2 close below to be validated.
In both your comments, you mean that a swing must be more than 3 bars, haven't seen any reference about it. important point subject to interpretation, isn't it?
That was the reason of my first question in post 1155 "What makes your consider that price move above a high and stay above?"
Don't be mistaken, I am not here to argue or being picky or trolling the thread,
In fact it helps me to write down my thoughts and reinforce my recent understanding that more than the system is the way you apply the rules that may give a chance of success as long as the rules are crystal clear and without any possible interpretation, because it is from this possibility of interpretation that our mind will use to make us doubt or make excuses or whatever needed to justify the made decision.
It also helps to understand or at least point at where are my flows and the reasons why I am still in the process search, probably because as when I was young and studying accounting and programming in 1982, in order to write a program in Cobol or Basic we had to iterate all the steps.
Was re-reading the post 945 and again, What do you consider a retrace to the 50 line, so many questions could be asked.
Gejordan your post 1077 you mention "2. At end of day, see if price is moving in the direction of the bias. If so, I can trade, if not, no trade."
What do you consider end of day, you are in the US, I am in Europe and Rearden in Asia, so we are all in different time zone with different price behaviour over the different sessions.
May be I am asking myself to many questions, and probably it is one of the reason.
Thank you listening to my moanings.
Gerald