[elovemer]

no. much more simple than that.

1. fade a ten point move.
2. 9 points is good enough sometimes

about 8.5..... i was just commenting that there were no signals lately because the moves were less than 9 points

Originally Posted by clmacdougall »

Seems pretty simple to figure. It looks like the guy is looking for reversals after the daily average true range ( or some take on that number ) has been accomplished. If they don't manifest, he decreases the daily ATR from the previous week by 1/2 a point ie 9 to 8.5. If they overshoot, he increases the daily ATR figure he used from the week before.
I'm sure I didn't hit the nail on the head but I think that might give you guys someplace to start.

[elovemer]

... i am happy to answer any questions...

... but i think the reason you guys think this is complicated....
... is because it is so simple....

[clmacdougall]

Originally Posted by elovemer »

no. much more simple than that.

1. fade a ten point move.
2. 9 points is good enough sometimes

about 8.5..... i was just commenting that there were no signals lately because the moves were less than 9 points

From which point do you begin to consider a 10 point move has begun? For example, from 3 days ago, or within the timframe of a single session?

[elovemer]

... it doesn't have to do with time as much as with distance... 10 points distance
did you look at page 5 as i referred to above ?
i am using 5m chart... a move can cover more than one session
... it is not about deciding where to start..... it is about where does it finish
..actually.. .the best way i can think of to explain how to see this...
... is to just go to the chart ... 5m globex chart

... now find all the 9-10 point moves... using ES contract
.... sometimes it will turn... sometimes it will pull back only a little
....sometimes it will go 20 points
.... sometimes it will go 13 points and come back to test the 10 point before continuing
...sometimes it will go 12 points and turn
..and when it does turn... sometimes the pullback will be small... sometimes it will be a full 10 points
... but to get a feel for it... it is best to just go over the chart... and see for yourself
..... somebody trying to explain it is sometimes not the easiest way

... you know... i could say this and that...
... then you come back and say "hey this didn't work here like you said it would"
...it's better to just explore it for yourself

... not trying to avoid the question... just trying to help
... and i will say this... it works best when there is no trend or when the trend is changing
....when the trend is strong... it is better to fade the system and go with the direction of the 10 point moves as the pullbacks will be very small

Originally Posted by clmacdougall »

From which point do you begin to consider a 10 point move has begun?
For example, from 3 days ago, or within the timframe of a single session?

[elovemer]

... take yesterday for example...on globex

from 44.25... you would look for 34.25
... it ended up going to 33
-------------------------------------------------------------
next pivot is 37.75 during rth
.. so from there you would look for 27.75
it ended up going to 27.75
--------------------------------------------------------------
so you see... on the first signal... the pullback was small

but on the next one... it went all the way up to 37
...so you would reverse your position at 37 to short
... and you already have 10 points in the bag assuming you held

ended up going to 32.25
..from 32.25... if it gets to 42.25 you would go short again

... from 32.25 ... if it can't get past that 37.... and goes back down..
... then you would go long at 27 if it gets down there subsequently

...there are other rules... but you get the idea...

[Gabe2004]

Originally Posted by elovemer »

... take yesterday for example...on globex

from 44.25... you would look for 34.25
... it ended up going to 33
-------------------------------------------------------------
next pivot is 37.75 during rth
.. so from there you would look for 27.75
it ended up going to 27.75
--------------------------------------------------------------
so you see... on the first signal... the pullback was small

but on the next one... it went all the way up to 37
...so you would reverse your position at 37 to short
... and you already have 10 points in the bag assuming you held

ended up going to 32.25
..from 32.25... if it gets to 42.25 you would go short again

... from 32.25 ... if it can't get past that 37.... and goes back down..
... then you would go long at 27 if it gets down there subsequently

...there are other rules... but you get the idea...

A picture is worth a thousand words (wink wink)

Gabe

[elovemer]

.... actually i am happy to help...
... but honestly... i did not start the thread as something for others...
.... i started it as a kind of journal for myself...
... so i didn't really care if anyone understood anything...

... if someone is interested... i am happy to help out if i can...

Originally Posted by thalestrader »

This is like TRO but with all semblance of context removed so as to preclude any sense of intelligibility.
Have you considered posting a chart, a few words of explanation, etc.? There is such a thing as providing so little information, that others do not know how to begin to formulate a question.
Best Wishes,
Thales

[india quant]

please
do start it
thanks