Just buy dips on high volume

[1a2b3cppp]

Alright, yellow line = no, green line = yes

I have no idea what happened around 7:15 because the volume overlaps with price.

 

[Saltynuts]

1a2b3cppp, interesting. Question - why is your line between 7 and 7:15 yellow? It looked like a down day on big volume - shouldn't that be green? Thanks.

 

[tiddlywinks]

Alright, yellow line = no, green line = yes

I have no idea what happened around 7:15 because the volume overlaps with price.

Seriously?

In real-time your green or yellow line thingys would not have been recognized as you've marked. Just look at a few bars prior to each. How do you know in real time, the context of what a trade-able peak is?

You have a computerized way of backtesting your theory, I hope.

 

[Saltynuts]

bump for 1a2b3cppp!

 

[1a2b3cppp]

1a2b3cppp, interesting. Question - why is your line between 7 and 7:15 yellow? It looked like a down day on big volume - shouldn't that be green? Thanks.

Possibly it should. I wasn't sure which candle it went with since the chart was so zoomed out. Price did ascend after that.

 

[1a2b3cppp]

Seriously?

In real-time your green or yellow line thingys would not have been recognized as you've marked. Just look at a few bars prior to each. How do you know in real time, the context of what a trade-able peak is?

You have a computerized way of backtesting your theory, I hope.

Precise. I mentioned this on page 2.

That's why you average down.

 

[1a2b3cppp]

Green line = good! black line = bad: See the line right before 10:30 which did not work

 

[1a2b3cppp]

.

 

[1a2b3cppp]

Green bars profitable, black bars unprofitable. The second black bar is black because despite being a bottom the subsequent candle went pretty low thus stopping people out.

 

[1a2b3cppp]