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  1. N

    direct statistical trading a "clearly" defined approach by NTW31

    ok note how when i said it had 90% chance of bar being down.... cause of the 3 hr prob we placed our trade down 7 entrance 7 stop 14 take chart attached trade creamed the take profit without looking back. 1399.82 buck trade for me
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    direct statistical trading a "clearly" defined approach by NTW31

    here is the next bar chart with trade lines its hard trying to be live on a forum :)
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    direct statistical trading a "clearly" defined approach by NTW31

    ok now that weve established an excel thats up to date we can easily modify for next bar not the modification new bar one came in we replaced bar 21 with the new bar updated the excel this dropped our LSD to 7 with SLD still being 14. attached update next post ill attach chart with moved...
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    direct statistical trading a "clearly" defined approach by NTW31

    youve never heard of these terms as they are made up.... take a candle lets say it has parameters: Open: 100 High: 110 Low:80 the shortest distance is High-Open the longest distance is Open-Low LSD is the longest distance of all the shortest distances SLD is the shortest of all the...
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    direct statistical trading a "clearly" defined approach by NTW31

    the chart this is a pending trade i placed using the table listed ... note 20 ema was plotted bias was decided to be upwards pending was set at 8 and take at 14 from open it pushed up after open stopped 2 pip away from 8 reversed and went down never entering trade .... the two vert...
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    direct statistical trading a "clearly" defined approach by NTW31

    ok heres the new spreadsheet i promised thanks to who posted it for the design i used i jsut modified it... also attached is a trade i made using the chart.... ill explain some things the x represents the newest bar updated which would be the new one bar and the bar marked as one would now...
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    direct statistical trading a "clearly" defined approach by NTW31

    wow not sure ive ever had so many pm's in my life.... maybe we can post questions on the board so i can answer as many as i can cause often theyre the same.
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    direct statistical trading a "clearly" defined approach by NTW31

    mines sucks? then why you on it... note in the beginning i asked for constructive crit only ... im cool with you saying it sucks... but why not include the pieces you think to be wrong or not work... bring up things anyone can say anything sucks but those post arnt worth while... but if you...
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    direct statistical trading a "clearly" defined approach by NTW31

    its about right cept 10 and 8.3 are considered failed trades and dont apply so the lsd is 7 not 10 since 2 trades fail we search for 90% rate success or the rate your comfortable with to decide these factors. ill modify this excel and repost. this isnt 100% its just about making trade...
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    direct statistical trading a "clearly" defined approach by NTW31

    not really i dont throw them out but if its an extreme short side like 15 or so its considered long side and the trade had two long sides.
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    direct statistical trading a "clearly" defined approach by NTW31

    hit my SL note if you change time frames remember if your going for more movement reduce your position size. hourly matches 3 hourly distance to tp = same profit as distance to TP on hourly
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    direct statistical trading a "clearly" defined approach by NTW31

    were not lookin so hot on this one approaching my stop saw a bunch of bullish block trades come in and own me within 9 pips of my stop loss. well see where it goes.
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    direct statistical trading a "clearly" defined approach by NTW31

    note im trying be as clear as possible what seems clear to me may not seem clear to you ask questions and i will explain im not jack hershey not sure why i keep getting called that... thanks for asking this question as it is important. why isnt the lsd going by bar 18 -> 8.3 or bar 6 -> 10...
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    direct statistical trading a "clearly" defined approach by NTW31

    looking at next 3 hour candle N= 21 entrance = 35 tp = 65 stop =35
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    direct statistical trading a "clearly" defined approach by NTW31

    LSD- longest shortest distance cant be longer than the shortest longest distance in my table that is all mushed together 30.4 on bar 2 is not in bar2's line signifying i used it as another long side not a short side distance... and on bar 4 it shows 14 marked as long side as well as its an...
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    direct statistical trading a "clearly" defined approach by NTW31

    short side not direction... from open length wise.
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    direct statistical trading a "clearly" defined approach by NTW31

    k lets see # 21 is 21 bars back so its the furthest away from current price.... note that a couple of the bars had two long distance prices and no short... its not the max of the shorts its the longest short distance and shortest longest distance ... lol now that i think about it that sounds...
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    direct statistical trading a "clearly" defined approach by NTW31

    traded both ways and when trade was initiated it was against bias.. tho i liked this trade as it was still high Prob. didnt trade with the bias... you can trade against the bias just look for your stops to be further and your Take profits to be closer. this will skew MDRR against making...
  19. N

    direct statistical trading a "clearly" defined approach by NTW31

    2 pips from TP edite: profit hit blew past by a 1.5 pips
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