WORK IN PROGRESS
direct statistical trading a "clearly" defined approach by NTW31
- Thread starter nukethewhales31
- Start date
WORK IN PROGRESS
areas of confluence with pattern
10 minutes later
when we know how far candles tend to extend after they break previous candles high after a trend down... and how often... we can feel secure in our decisions.
this we know price will travel X after break of high after long trend down for a quick scalp. at a major resistance area.
when we know how far candles tend to extend after they break previous candles high after a trend down... and how often... we can feel secure in our decisions.
this we know price will travel X after break of high after long trend down for a quick scalp. at a major resistance area.
same continuation
looking for failure RED how far do we normally go?
Work in progress.
I got an idea from NTW's work on looking at the ratio number of times a candle closes green vs red above the moving average and the number of times it closes red vs green below the moving average.
screaming scalp me so i did.. just doing what it tells me to do
revised an old statistical system i use to use ... steve was inquiring about this one what i made most of my account with..
Also what i used to scalp this trade.. first i will post some graphs
Also what i used to scalp this trade.. first i will post some graphs
Please continue.
*** WORK IN PROGRESS ***
Taking it one step at a time.
Step 3.