ninjatrader Posted September 15, 2011 Report Share Posted September 15, 2011 Hey All, Here's another nugget. Take this info and apply it to your trading:D. Great info for all PA traders. What you learn is how price validates a R/S level or zone (Please note). By having candlestick bars probe at least twice before breaking through and entering via pull-back. Examples of S/R area given are pivot lines. But you can use this technique to identify pullback entries in other forms of S/R i.e Market Profile/Fibs/PA areas/Camarilla...etc. The point I think is how the (ebook) filters the setups using this technique. Hindsight you will see DB/DT in the S/R area before the break and entry. Enjoy, http://www.megaupload.com/?d=D8MZORDW Ninjatrader (press the button to show your love):x peterpiak, ⭐ mr12323, murtamad and 28 others 31 Quote Link to comment Share on other sites More sharing options...
soundfx Posted September 15, 2011 Report Share Posted September 15, 2011 Thanks for this one ninjatrader :) The technique I'm aware of though the extra tips and hints are invaluable. In fact, the whole system is so well documented that (dare I say lol) it *may* be possible to create a decent EA from it. This would need to only trade Wed-Fri, from 07:00-17:00 GMT and running on pairs such as EURUSD, EURJPY, EURNZD, EURCAD and GBPAUD which are shown in the doc. Candles crossing pivots are easy to check and so is a retracement in the next candle (or one of the next 3 candles). To determine the trend we can use a large period MA or count the bars on a typical screen (around 70) and then measure the price now compared to 70 bars back. If the price difference is more than say 4 times the average hourly candle size taken over 70 candles - then we're trending enough to try a trade. We can set stops to b/e when the entry candle closes and target the next R2/R3 or S2/S3. jackey, ninjatrader and shabz 3 Quote Link to comment Share on other sites More sharing options...
shabz Posted September 16, 2011 Report Share Posted September 16, 2011 Sounds good, maybe even a signal arrow when conditions are met for entering the trade manually. Quote Link to comment Share on other sites More sharing options...
jackey Posted September 16, 2011 Report Share Posted September 16, 2011 Please somebody mirror the package to mirrorcreator. Thank you very much Quote Link to comment Share on other sites More sharing options...
meek13 Posted September 16, 2011 Report Share Posted September 16, 2011 Please somebody mirror the package to mirrorcreator. Thank you very much Enjoy: http://mir.cr/WAPENEZW:) dinamo, Sesshoumaru, jackey and 4 others 7 Quote Link to comment Share on other sites More sharing options...
dinamo Posted October 11, 2011 Report Share Posted October 11, 2011 Thanks for this Quote Link to comment Share on other sites More sharing options...
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