Bride of If You Can Draw A Straight Line

Gringo · Nov 5, 2013

Quote from timokrates:

This is very interesting what you said here in terms of a reentry after the SL was fanned. I mean it sounds obvious, fanned lines represent fading strength of the trend or move, but I never thought about it in terms of a "rule". Even as a heads up, this is a very good reminder.

Thanks...

I don't think Niko has a rule that gives an entry based on fanned DL/SL. It probably is an observation on his part leading to a lack of entry on account of not having a RET. Niko will probably correct me if I am wrong.

Gringo

niko · Nov 6, 2013

The entry was not activated by the fanned line, but by the fact that after the line was fanned (LL required first) there was a new RET.

niko · Nov 6, 2013

5 minutes to the open, and looks like we are stuck on a TR between 90 and 98.

niko · Nov 6, 2013

9:31 DL broken before the open, RET just some minutes after, short at 95.25

Gringo · Nov 6, 2013

Quote from niko:

9:31 DL broken before the open, RET just some minutes after, short at 95.25

Oh Niko. What a beauty!

llIHeroic · Nov 6, 2013

Quote from Gringo:

Oh Niko. What a beauty!

Wow, he must be quick as lightning. I have no idea how he got in that high. Even on the 15 sec chart the first RET I see only hits 94.5 at 9:30:45

Edit for EST time

niko · Nov 6, 2013

Quote from llIHeroic:

Wow, he must be quick as lightning. I have no idea how he got in that high. Even on the 15 sec chart the first RET I see only hits 94.5 at 8:30:45

The RET happened before the open, but the order was hit at the open. It is sim, so I am not sure if in real life it would have been hit.

dbphoenix · Nov 6, 2013

It would help if everyone would post using NY times.

niko · Nov 6, 2013

9:46 SL broken, but long entry not activated, short still valid.
9:47 Short is closed, long opened at 89.

dbphoenix · Nov 6, 2013

Quote from niko:

The RET happened before the open, but the order was hit at the open. It is sim, so I am not sure if in real life it would have been hit.

Assuming the retracement you're referring to was at 0925, it would have been filled at 0929 or 0930, but not thereafter, depending on how far away from the ret you placed your entry stop.