dax 1 hr.. have taken long position here.. stop below 11820.. no certaincies.. as all ways2660 {image}
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Thanks for your pm.
My thoughts on dax are similar to that of the ft100 .the recent new highs are my focus.this present wave needs to take those highs out.the reaction at those big av .s can be an indication of a push towards them.if they fail at your suggested prices i would certainly take a short.
Longer term my view has not changed .im still bullish sterling and watching for a break down in the stock markets to build shorts.
Scalping in both directions for bread and butter i shall continue to do.certainly good for testing my reconditioned heart .
It seems interesting, but not understand it completely yet..
Edit.
Ok, Now I understand what you mean. Imagine your size is 20 pips, and you have 10 'tails' in a row (20x10).. with price moving 200 pips with no correction.. what do you do ?
{quote} It seems interesting, but not understand it completely yet.. Edit. Ok, Now I understand what you mean. Imagine your size is 20 pips, and you have 10 'tails' in a row (20x10).. with price moving 200 pips with no correction.. what do you do ?
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Hi david.
My measurment is not the 200 pips it has moved away..for example if 68 % price returns to close below or above price within 10 to 20 pips that would be efficient. During trend price deviates away from that efficiency. The steeper the slope the greater the inefficiency. If you looked at this in deviation such as z slope indi it would show that deviation .apips indi shows that .the key to all this is understanding the sets .and concidering that price can trend and remain efficient.you are measuring for break outs and the corrections .when to trade range and the depth of that range.take your pick .
{quote} Hi david. My measurment is not the 200 pips it has moved away..for example if 68 % price returns to close below or above price within 10 to 20 pips that would be efficient. During trend price deviates away from that efficiency. The steeper the slope the greater the inefficiency. If you looked at this in deviation such as z slope indi it would show that deviation .apips indi shows that .the key to all this is understanding the sets .and concidering that price can trend and remain efficient.you are measuring for break outs and the corrections...
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mm why you know that 68% is the efficient value? based on N - Last results?
2 years of manually logging every level and continuously calculating for the deviation from that.
Its actually a very efficient market regardless of what set you measure.but not perfect and that inperfection has advantage.
There are many reason for this.trend when the slope is to steep being one.occasionally all the diferent variables align and the market strongly biased no manipulation is possible at these moments .this is often an exagerated move both non efficient and corrective.
asx 200 taken a short..1 min.. serious resistance..5768/80 {image}
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Morning d.
You had the ceiling at 80.there are a number of pairs and indicies .both shorter term and longer.interesting times.
Im looking to see if cable retests the recent highs in the comming sessions and eventually takes them out lifting cable in to a higher range.the rise in inflation is just starting to show.
As always scalping the levels .Averaged with convergence.
