Duxon's Archive
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I just finished the last chapter I plan to include in my book on Numerical Price Prediction, which is now 88 pages long. So, all I have to do at this point is read through the whole thing a couple more times to finalize the language, add the last few diagrams accompanying the text at 300 dpi, and finish configuring the cover. It will then be ready for submission.
POSSIBLE NEW INSIGHT...
The fact that I have a number of trading journals here obviously illustrates my agreement with claims that this is what an individual should do if s/he wishes to be a successful trader (to help identify areas where one might be making errors and to help determine which aspects of one's trading and trading systems are working out well and which need more work).
However, I found that writing a book is even better—forcing me to carefully define EVERY aspect of what I am doing to the point that I have now answered questions about what I need to do to make sure I am getting the optimal performance out of my system—questions that I didn't even realize I should have been asking in the first place.
The fact that I have a number of trading journals here obviously illustrates my agreement with claims that this is what an individual should do if s/he wishes to be a successful trader (to help identify areas where one might be making errors and to help determine which aspects of one's trading and trading systems are working out well and which need more work).
However, I found that writing a book is even better—forcing me to carefully define EVERY aspect of what I am doing to the point that I have now answered questions about what I need to do to make sure I am getting the optimal performance out of my system—questions that I didn't even realize I should have been asking in the first place.
RULE OF THUMB
Monday / November 29, 2021
NOTE: All of this morning's trades we made based on your two-hour price range parameters (i.e., look for reversals at 0.35% deviation, but keep an eye on the 0.25% level, and remain cognizant of the fact that candlesticks might venture out as far as 0.50% deviation before finally turning around, or even 0.90% to 1.00% under extreme conditions).
The more extreme levels (i.e., 0.50%, 0.90% and 1.00% deviation) are almost always observed as price surges with (going in the direction of) the intraday trend, and virtually never as pullbacks against the trend.
Monday / November 29, 2021
NOTE: All of this morning's trades we made based on your two-hour price range parameters (i.e., look for reversals at 0.35% deviation, but keep an eye on the 0.25% level, and remain cognizant of the fact that candlesticks might venture out as far as 0.50% deviation before finally turning around, or even 0.90% to 1.00% under extreme conditions).
The more extreme levels (i.e., 0.50%, 0.90% and 1.00% deviation) are almost always observed as price surges with (going in the direction of) the intraday trend, and virtually never as pullbacks against the trend.
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