hi friends
HEAD FAKES?
I feel how to put this concept into an afl formula
WATCH.
Before a reversal at top,you find distance between close & high gets narrow.
before a reversal at bottom, the distance between close and low getrs narrower.
=======================================
TASK FOR CODING
PLOT 20BAR LOWS AND 20 BAR HIGHS
BUY AT 20BAR LOWS ON HEAD FAKE
SELL NEAR 20 BAR HIGHS ON HEAD FAKE
DETECTING HEAD FAKE IS THE CHALLENGE.
Hope some expert here will solve it out.
===============================================
http://www.youtube.com/watch?v=l7NdpInnai8
Ever heard of market paradox?
often in trading what feels good is wrong thing to do-& what feels bad & bitter turns out right thing to do.
market is made to move upwards by institutions to create better selling opportunities for strong hands( & trap weak hands).
market is made to go down to create buying opportunities for strong hands(& trap you and me-the weak hands)
How do you differentiate between real and fake? use major trend filter-use trendline.
when market is really going up, you find higher bottoms and major trendline slopes up.
===============================================
Think again how you can apply this below given information.
think cleverly-think beyond the obvious superficial stuff
Richard Dennis used 20bar high and 10 bar low method.
The summary was
it failed over 70% of the time and
it succeeded 30% of the time,
but whenever it succeeded,it made phenomenal amount of profits.
happy trading
Thinking unconventionally involves understanding market paradox and head fakes in the context of overall trend.
Lets see what our traders say on this
HEAD FAKES?
I feel how to put this concept into an afl formula
WATCH.
Before a reversal at top,you find distance between close & high gets narrow.
before a reversal at bottom, the distance between close and low getrs narrower.
=======================================
TASK FOR CODING
PLOT 20BAR LOWS AND 20 BAR HIGHS
BUY AT 20BAR LOWS ON HEAD FAKE
SELL NEAR 20 BAR HIGHS ON HEAD FAKE
DETECTING HEAD FAKE IS THE CHALLENGE.
Hope some expert here will solve it out.
===============================================
http://www.youtube.com/watch?v=l7NdpInnai8
Ever heard of market paradox?
often in trading what feels good is wrong thing to do-& what feels bad & bitter turns out right thing to do.
market is made to move upwards by institutions to create better selling opportunities for strong hands( & trap weak hands).
market is made to go down to create buying opportunities for strong hands(& trap you and me-the weak hands)
How do you differentiate between real and fake? use major trend filter-use trendline.
when market is really going up, you find higher bottoms and major trendline slopes up.
===============================================
Think again how you can apply this below given information.
think cleverly-think beyond the obvious superficial stuff
Richard Dennis used 20bar high and 10 bar low method.
The summary was
it failed over 70% of the time and
it succeeded 30% of the time,
but whenever it succeeded,it made phenomenal amount of profits.
happy trading
Thinking unconventionally involves understanding market paradox and head fakes in the context of overall trend.
Lets see what our traders say on this