direct statistical trading a "clearly" defined approach by NTW31

[vandalrpm]

Is this correct from the table you posted earlier:

Throw out two largest in the Long column, whatever number is biggest in the long column after, look to the left and that is your LSD?

Throw out two largest in the Short column, whatever number is biggest in the short column after, look to the right and that is the SLD?

Thanks

 

[jetbird]

An excel spreadsheet would clear up a lot. thanks

 

[stevegee58]

I had a chance to go through nuke's writings and graphics and make better sense of them. I've pasted an improved data table with commas that can be imported into Excel. I've also attached an Excel file that corresponds to this data. It contains the SLD and LSD calculations with some notes.

bar,short,long
21,.5,36
20,3.3,64
19,5.6,25
18,8.3,36
17,.4,54
16,3.1,22
15,3.1,33
14,1.6,20
13,,83
13,,14.5
12,.1,56.5
11,4.3,39.2
10,,90
10,,28.6
9,2,70
8,7,69
7,0,66
6,10,54
5,,30
5,,28.6
4,,67
4,,14
3,.4,51
2,,59
2,,30.4
1,1.3,74

The original posting with the data table contained an hourly chart that corresponded to the data. I've annotated it with bar numbers to clarify it and attached it as well.

 

[good one]

this reminds me alot of Acrary's thread, only exception is this one sucks..

 

[stevegee58]

Amazingly, I haven't seen his "thread" though I've seen his posts in various places. Link please?

 

[nukethewhales31]

Quote from vandalrpm:

Is this correct from the table you posted earlier:

Throw out two largest in the Long column, whatever number is biggest in the long column after, look to the left and that is your LSD?

Throw out two largest in the Short column, whatever number is biggest in the short column after, look to the right and that is the SLD?

Thanks

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.

 

[nukethewhales31]

Quote from stevegee58:

I had a chance to go through nuke's writings and graphics and make better sense of them. I've pasted an improved data table with commas that can be imported into Excel. I've also attached an Excel file that corresponds to this data. It contains the SLD and LSD calculations with some notes.

bar,short,long
21,.5,36
20,3.3,64
19,5.6,25
18,8.3,36
17,.4,54
16,3.1,22
15,3.1,33
14,1.6,20
13,,83
13,,14.5
12,.1,56.5
11,4.3,39.2
10,,90
10,,28.6
9,2,70
8,7,69
7,0,66
6,10,54
5,,30
5,,28.6
4,,67
4,,14
3,.4,51
2,,59
2,,30.4
1,1.3,74

The original posting with the data table contained an hourly chart that corresponded to the data. I've annotated it with bar numbers to clarify it and attached it as well.

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 consistently profitable... not fishing for whales and throwing tuna back....or hunting for the big trades while the rest of the time taking small fails.

 

[nukethewhales31]

Quote from jdeezero05:

this reminds me alot of Acrary's thread, only exception is this one sucks..

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 say this is wrong try this offer help whatever or opinion then maybe ill take you more seriously ... im profitable with this system.... as ive posted trades ive made many being profitable but i also post where ive been stopped out at i dont try to hide the fact i lose every once in a while.

if the thread sucks say why so i can amend it.

 

[nukethewhales31]

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.

 

[Dankeri]

Quote from nukethewhales31:

Entrance/TP- over the Past N number of bars we write distances from open in a excel sheet if H = L distance or near each other = high wave or spin top this is not counted add one more bar to make N without these candles as they are rarely to occur.
take the longest shortest distance from open and the shortest highest distance from open the longest shortest distance from open +1 point = entrance and the shortest longest distance -1 point = Take profit.
the longest shortest distance from open + 1 applied in the opposite direction from open of the trade = stop.

this will give you a market predefined Risk:reward or placing the trade on the next bar.

update this info every bar. [/B]

Thank you very much for this thread. It is very interesting and right about things I am searching for in the markets.

Unfortunatey, I lost here. Completely.

For example, what is "longest shortest distance from open"? Where I can find it on a bar/candle? Is it some acronym for open to high, low distance or something? I have never heard these terms.

Can someone give me an example taking one candle, saying it has open 1.xxxx, close 1.xxxx, high 1.xxxx, low 1.xxxx so the "longest shortest distance from open" will be YYY because ......

Thank you in advance!