DislikedRight......here's the second major issue - distinguishing these false breakouts. The best remedy I came up with is that if a level has not been hit within 2 pips to wait for a third retest before attempting to sell. This is a frequent occurrance, and it usually happens when the trend is already over extended for the day. In a case like this, I was thinking of including a rule regarding the true range for the day, and if it is already greater than xx amount (true range being high-low compared to past x number of bars). Working on it but very valid...Ignored
- Post #6,561
- Quote
- Dec 1, 2008 8:08am Dec 1, 2008 8:08am
- Joined Apr 2006 | Status: Member | 1,459 Posts
- Post #6,562
- Quote
- Dec 1, 2008 8:12am Dec 1, 2008 8:12am
- Joined Apr 2006 | Status: Member | 1,459 Posts
- Post #6,563
- Quote
- Dec 1, 2008 8:21am Dec 1, 2008 8:21am
- | Joined May 2008 | Status: Member | 466 Posts
- Post #6,564
- Quote
- Dec 1, 2008 8:25am Dec 1, 2008 8:25am
- Joined Apr 2006 | Status: Member | 1,459 Posts
- Post #6,565
- Quote
- Dec 1, 2008 8:38am Dec 1, 2008 8:38am
- | Joined May 2008 | Status: Member | 466 Posts
- Post #6,567
- Quote
- Dec 1, 2008 8:47am Dec 1, 2008 8:47am
- Joined Mar 2008 | Status: shoe shine boy | 1,146 Posts
- Post #6,568
- Quote
- Dec 1, 2008 9:02am Dec 1, 2008 9:02am
- Joined Nov 2008 | Status: You must obey the dance commander | 2,038 Posts
- Post #6,569
- Quote
- Dec 1, 2008 9:12am Dec 1, 2008 9:12am
- Joined Mar 2008 | Status: shoe shine boy | 1,146 Posts
- Post #6,570
- Quote
- Dec 1, 2008 9:39am Dec 1, 2008 9:39am
- | Joined May 2008 | Status: Member | 466 Posts
- Post #6,571
- Quote
- Dec 1, 2008 9:42am Dec 1, 2008 9:42am
- | Joined May 2008 | Status: Member | 466 Posts
- Post #6,574
- Quote
- Dec 1, 2008 10:51am Dec 1, 2008 10:51am
- | Joined Apr 2007 | Status: Member | 149 Posts
- Post #6,575
- Quote
- Dec 1, 2008 10:57am Dec 1, 2008 10:57am
- | Joined Oct 2008 | Status: Member | 710 Posts
- Post #6,576
- Quote
- Dec 1, 2008 11:10am Dec 1, 2008 11:10am
- Joined Nov 2008 | Status: I support the resistance | 1,033 Posts
- Post #6,577
- Quote
- Dec 1, 2008 11:26am Dec 1, 2008 11:26am
- | Joined May 2008 | Status: Member | 466 Posts
- Post #6,578
- Quote
- Dec 1, 2008 11:41am Dec 1, 2008 11:41am
- | Joined Oct 2008 | Status: Member | 710 Posts
- Post #6,579
- Quote
- Dec 1, 2008 11:47am Dec 1, 2008 11:47am
- | Joined May 2008 | Status: Member | 466 Posts