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(binned per thread starter’s request) dwebTWT: Trade When Triangl

  • #21
  • Oct 6, 2016 8:48am Oct 6, 2016 8:48am
Quoting arlucad
so i shoul only use a candle that breakout in one direction? when this dont happen i use the next breakout bar or inside bar? but an outside bar where do u search for start candles? ahh okay the entry is clearer now i will need time, but i think this pattern have a good chance to be a winner
Yeah, high probability trade wins is what we are looking for. if there is none, we don't trade. This work is a basis of the some other work, but have been left collecting dust until dextroze made me think a bit more.
We err, and err, and err again, but less.
  • #22
  • Oct 6, 2016 8:52am Oct 6, 2016 8:52am
^^
yea thinking is the first step.

so should i look for this pattern on support or resistance or what do u mean?
Everyday better.
  • #23
  • Oct 6, 2016 8:57am Oct 6, 2016 8:57am
Quoting arlucad
^^ yea thinking is the first step. so should i look for this pattern on support or resistance or what do u mean?
Good USD fundamentals made Price break through Support area.

So I do it this way as we all evaluate charts at different times (not time frame), ie when you start trading session:
++ I will look for pattern when I start my trading session. If there is support or Resistance than certain patterns will fail
+++ as it did not develop OR
+++ a Double TWT formed.

Price Action is Price Action. It does what it wants to due to many reasons. I want to be there when a TWT is formed, and win!
We err, and err, and err again, but less.
  • #24
  • Oct 6, 2016 9:06am Oct 6, 2016 9:06am
Wise words.

Statistics tell that support and resisantance are broken 50% of the time.

I can only trade in euro session. So i will look for patterns there.

I will try to find Patterns over the Weekend

I only trade forex futures. I will see how it works there ^^




That will be fun.
Everyday better.
  • #25
  • Oct 6, 2016 9:28am Oct 6, 2016 9:28am
Quoting arlucad
Wise words. Statistics tell that support and resisantance are broken 50% of the time. I can only trade in euro session. So i will look for patterns there. I will try to find Patterns over the Weekend I only trade forex futures. I will see how it works there ^^ That will be fun.
I will look at futures as well. much too learn here.
We err, and err, and err again, but less.
  • #26
  • Oct 6, 2016 9:37am Oct 6, 2016 9:37am
thats nice.

thank you sir.☺

but i dont trade s&p or other indices.

does the size of the inside or break candle matter for you?



thanks arlucard
Everyday better.
  • #27
  • Oct 6, 2016 9:41am Oct 6, 2016 9:41am
Quoting arlucad
thats nice. thank you sir.☺ but i dont trade s&p or other indices. does the size of the inside or break candle matter for you? thanks arlucard
Size does not matter, not yet any way... Who knows!

Look at it this way: if we do not consider size
++ then the size of the Triangle will always be a surprise,
++ we could also lose out on valuable outcomes
We err, and err, and err again, but less.
  • #28
  • Oct 6, 2016 9:42am Oct 6, 2016 9:42am
Here I am modifying my IB indicator from the QSC. Rough outcome for now.
Attached Image (click to enlarge)
Click to Enlarge Name: R_D_dwebTWT_indiator 1.jpg Size: 95 KB
We err, and err, and err again, but less.
  • #29
  • Oct 6, 2016 9:44am Oct 6, 2016 9:44am
okay that sounds logical.

Well i think a good point for Tp and Sl will show over some time or do u have a point already?
Everyday better.
  • #30
  • Oct 6, 2016 9:57am Oct 6, 2016 9:57am
i use the ninjatrader and rithmic trader pro and i cant programming
So i cant use the Indicators... thats sad for me but not a reason to quit.
Everyday better.
  • #31
  • Oct 6, 2016 10:00am Oct 6, 2016 10:00am
Quoting arlucad
okay that sounds logical. Well i think a good point for Tp and Sl will show over some time or do u have a point already?
Exit is King and more important then entry.

We need to understand the feedback from MM, retracement, better to enable us to find High Probable Exits. We can see that the IB gives us good win indicators, but should not lose focus of the other entry levels, but this is a good start to develop from.

The IB/OB discission is not new, however, adding geometry changes the landscape, thus we need π to help us out here, perhaps.

So we got two new phrases today:
++ High Probable Entry (HPE)
++ High Probable Exit (HPX)
We err, and err, and err again, but less.
  • #32
  • Oct 6, 2016 10:02am Oct 6, 2016 10:02am
Quoting arlucad
i use the ninjatrader and rithmic trader pro and i cant programming So i cant use the Indicators... thats sad for me but not a reason to quit.
As long as the rules are clearly define and you can draw two - three lines...then we are winning.
We err, and err, and err again, but less.
  • #33
  • Oct 6, 2016 10:08am Oct 6, 2016 10:08am
Absolute!

Exit and Money management is the real deal.

okay time will tell.

But i think 1:2 should be the minimum for a Tp.

We will need some more filters i guess.

++ High Probable Exit (HPX) that will be the keypoint for me over the weekend.


P.s. First i have to learn the entrys my fault.
Everyday better.
  • #34
  • Oct 6, 2016 10:37am Oct 6, 2016 10:37am
Quoting arlucad
Absolute! Exit and Money management is the real deal. okay time will tell. But i think 1:2 should be the minimum for a Tp. We will need some more filters i guess. ++YEs High Probable Exit (HPX) that will be the keypoint for me over the weekend. P.s. First i have to learn the entrys my fault.
If we take the method at its naked level, then a Double TWT will be a filter for no trade, and a TWT a trigger... more work to be done though.
The attached image is case in point, and also we can see how the IB performance is not good here, but all things being equal and relative in space-time, we take it one day at a time, to help formulate success.
Attached Image (click to enlarge)
Click to Enlarge Name: R_D_dwebTWT_training 7.jpg Size: 107 KB
We err, and err, and err again, but less.
  • #35
  • Oct 6, 2016 10:52am Oct 6, 2016 10:52am
Yes we have to check if a double TWT is enough as a filter.
Higher timeframes -trends
-TWTs - dont trade against on m1 against a h1
Are really important perhaps.
Everyday better.
  • #36
  • Oct 6, 2016 11:08am Oct 6, 2016 11:08am
Quoting arlucad
Yes we have to check if a double TWT is enough as a filter. Higher timeframes -trends -TWTs - dont trade against on m1 against a h1 Are really important perhaps.
I agree with that observation where a higher time frame is a Double TWT (dTWT)... let's analyse and count our blessings.
We err, and err, and err again, but less.
  • #37
  • Oct 6, 2016 11:38am Oct 6, 2016 11:38am
Tomorrow I will. Todaz I have to work
For me is the first step tomorrow to find correct TWT's


But I will post them so we can discuss about filters and so.

Thanks arlucad
Everyday better.
  • #38
  • Oct 6, 2016 11:44am Oct 6, 2016 11:44am
Quoting arlucad
Tomorrow I will. Todaz I have to work For me is the first step tomorrow to find correct TWT's But I will post them so we can discuss about filters and so. Thanks arlucad
Thanks arlucad.
We err, and err, and err again, but less.
  • #39
  • Oct 6, 2016 7:48pm Oct 6, 2016 7:48pm
Quoting arlucad
Tomorrow I will. Todaz I have to work For me is the first step tomorrow to find correct TWT's But I will post them so we can discuss about filters and so. Thanks arlucad
Rules for Futures may require adaptation, but I will use the weekend to look more into it.
We err, and err, and err again, but less.
  • #40
  • Oct 6, 2016 8:42pm Oct 6, 2016 8:42pm
Hi dweb ...
U r looking for HPE and HPX using triangles
Looks like u r looking for breakouts ...
how bout calculating the mid level then draw 2 triangle at start of the session ...
..
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