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Old 04-28-2009, 11:58 AM   #9

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Re: Balance Point - Bryce G's Idea

Hi Programmer,

Okay I have disabled that system and will look into the looping. Could you try one last time please?
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Old 04-28-2009, 08:04 PM   #10

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Re: Balance Point - Bryce G's Idea

thank you programmer. Has anyone have any experience with Wavetrader for eSignal? Comments please. I am a fan of Bryce Gilmore but his books and software are expensive.

By the way, here are two books from him if anyone's interested;

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Old 04-28-2009, 08:45 PM   #11

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Re: Balance Point - Bryce G's Idea

Very interesting programmer.

Would you be able to give a brief update on how you find these useful in your own trading. I noticed that some of the balance point pivots (like the "Today" white pivot lines are hard coded with solid lines, and others you allow an input for toggling and/or dashed lines. Is this because you have found some balance points are typically not as stong as others?

Do you also find that an "untouched" balance point typically serves as stronger S/R similar to virgin POC's? Your insight is appreciated.

Thanks for the post... it is obvious that you spent some time on the code.

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Old 04-29-2009, 09:17 AM   #12

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Re: Balance Point - Bryce G's Idea

Quote:
Originally Posted by snowbird »
Very interesting programmer.

Would you be able to give a brief update on how you find these useful in your own trading. I noticed that some of the balance point pivots (like the "Today" white pivot lines are hard coded with solid lines, and others you allow an input for toggling and/or dashed lines. Is this because you have found some balance points are typically not as stong as others?

Do you also find that an "untouched" balance point typically serves as stronger S/R similar to virgin POC's? Your insight is appreciated.

Thanks for the post... it is obvious that you spent some time on the code.

Snowbird
Hi Snowbird,

Bryce looks to the 3 day balance point as a mid level for market sentiment.
So, put it on SPY and DJIA to get a feel where the market is possibly going.
As for my own usage, I look for confluence on versatile points thus, when we had a volumetric day - in my experience it will serve as possible s/r levels for several days up to 10 since big players are positioned there, hence why I use 10 days on off.

No need to use Wavetrader its mostly predictive software, which is not the way to go....However, looking at the s/r levels in conjunction with other confluenctial points is quite high probability trading.
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Old 05-07-2009, 01:03 PM   #13

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Re: Balance Point - Bryce G's Idea

hi everyone, anybody has the link to his journal? thx!
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