sweet ill be here if you need anything keep me informed how everything is working out for you.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
direct statistical trading a "clearly" defined approach by NTW31
- Thread starter nukethewhales31
- Start date
sweet ill be here if you need anything keep me informed how everything is working out for you.
more for pictures....
note how the weekly pivot point lines support 2 line is the same as the go line for the 3hr statistical bar formation short go line and the weekly pivot point lines s1+s2/2 median line is the statistical go line for the 3hr long bar formation.
odd huh
bias is down; 90% chance that what resistance/support line price hits will be broken?
"quote" investopedia
The results since the inception of the euro (January 1, 1999, with the first trading day on January 4, 1999):
The actual low is, on average, 1 pip below Support 1
The actual high is, on average, 1 pip below Resistance 1
The actual low is, on average, 53 pips above Support 2
The actual high is, on average, 53 pips below Resistance 2
The actual low is, on average, 158 pips above Support 3
The actual high is, on average, 159 pips below Resistance 3
also
The result: there have been 2,026 trading days since the inception of the euro as of October 12, 2006.
The actual low has been lower than S1 892 times, or 44% of the time
The actual high has been higher than R1 853 times, or 42% of the time
The actual low has been lower than S2 342 times, or 17% of the time
The actual high has been higher than R2 354 times, or 17% of the time
The actual low has been lower than S3 63 times, or 3% of the time
The actual high has been higher than R3 52 times, or 3% of the time
note how the weekly pivot point lines support 2 line is the same as the go line for the 3hr statistical bar formation short go line and the weekly pivot point lines s1+s2/2 median line is the statistical go line for the 3hr long bar formation.
odd huh
bias is down; 90% chance that what resistance/support line price hits will be broken?
"quote" investopedia
The results since the inception of the euro (January 1, 1999, with the first trading day on January 4, 1999):
The actual low is, on average, 1 pip below Support 1
The actual high is, on average, 1 pip below Resistance 1
The actual low is, on average, 53 pips above Support 2
The actual high is, on average, 53 pips below Resistance 2
The actual low is, on average, 158 pips above Support 3
The actual high is, on average, 159 pips below Resistance 3
also
The result: there have been 2,026 trading days since the inception of the euro as of October 12, 2006.
The actual low has been lower than S1 892 times, or 44% of the time
The actual high has been higher than R1 853 times, or 42% of the time
The actual low has been lower than S2 342 times, or 17% of the time
The actual high has been higher than R2 354 times, or 17% of the time
The actual low has been lower than S3 63 times, or 3% of the time
The actual high has been higher than R3 52 times, or 3% of the time
Attachments
Trader pivot points for the week on the on the 15 min with statistically designed stop/tp/and entrance
red dash - statistical buy
white top dash - breakout statistical stop
white bottom dash- breakout statistical TP
red line is 1/4 M pivot as well as statistical entry making this high prob.
Blue lines pivot points.
red dash - statistical buy
white top dash - breakout statistical stop
white bottom dash- breakout statistical TP
red line is 1/4 M pivot as well as statistical entry making this high prob.
Blue lines pivot points.
Attachments
Hey NTW,
Really enjoying your thread!
I am trying to duplicate what you do and have several questions.
If it is ok with you; I will go step- by- step though the method to ensure I am going about this correctly
Using the180m EURUSD chart the first thing I did was take two measures.
Step 1
Measure 1: distance from the OPEN to the HIGH (H-L)
Measure 2: distance from the OPEN to the LOW (O-L)
These measures were done with a "bar difference study" in my chart software package and I have included the chart.
*Note you can see the 2 studies on the bottom of the chart and a 20 MA plotted with the 180m bars
Next a spreadsheet is used to capture the information
The spreadsheet now shows the "distances" of the 2 measurements for every 180m bar
Step 2
Compare the size of each distance measurement (one will be greater then or less then the other)
Take the shorter of the two measures and put that number in the SD (shortest distance) cell
Take the longer of the two measures and put that number in the LD (longest distance) cell
Step 3
Now that you have a series of data 20 or more take the following two data points:
In the SD (shortest distance column) take the largest number over the last 20 bars
In the LD (longest distance column) take the smallest number over the last 20 bars
These 2 numbers will be used to compile the nest part of the method.
This is what I understand so far and just wanted to confirm if I am doing this correctly!
Really enjoying your thread!
I am trying to duplicate what you do and have several questions.
If it is ok with you; I will go step- by- step though the method to ensure I am going about this correctly
Using the180m EURUSD chart the first thing I did was take two measures.
Step 1
Measure 1: distance from the OPEN to the HIGH (H-L)
Measure 2: distance from the OPEN to the LOW (O-L)
These measures were done with a "bar difference study" in my chart software package and I have included the chart.
*Note you can see the 2 studies on the bottom of the chart and a 20 MA plotted with the 180m bars
Next a spreadsheet is used to capture the information
The spreadsheet now shows the "distances" of the 2 measurements for every 180m bar
Step 2
Compare the size of each distance measurement (one will be greater then or less then the other)
Take the shorter of the two measures and put that number in the SD (shortest distance) cell
Take the longer of the two measures and put that number in the LD (longest distance) cell
Step 3
Now that you have a series of data 20 or more take the following two data points:
In the SD (shortest distance column) take the largest number over the last 20 bars
In the LD (longest distance column) take the smallest number over the last 20 bars
These 2 numbers will be used to compile the nest part of the method.
This is what I understand so far and just wanted to confirm if I am doing this correctly!