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Mr. Ocean's SLA Journey To Competence
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Mr. Ocean's SLA Journey To Competence

  #41 (permalink)
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Actually the first is a daily. If one doesn't start with the weekly, he won't get the context right. If one doesn't get the context right, the entire approach becomes useless. If you're going to build a house, the foundation has to be square and true.

If you're going to go back to the end of '09, you may as well go back to the beginning: March of '09. Do not plot a two or three-year chart. Plot only an '09 chart, nothing more. Note where the first weekly swing low is. Draw your first lower-limit-trendline, your demand line across the March low and the first swing low. That will provide what you need to draw a channel.

If you continue to have trouble, see pp 35-42 of the book.

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  #42 (permalink)
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DbPhoenix View Post
Actually the first is a daily. If one doesn't start with the weekly, he won't get the context right. If one doesn't get the context right, the entire approach becomes useless. If you're going to build a house, the foundation has to be square and true.

If you're going to go back to the end of '09, you may as well go back to the beginning: March of '09. Do not plot a two or three-year chart. Plot only an '09 chart, nothing more. Note where the first weekly swing low is. Draw your first lower-limit-trendline, your demand line across the March low and the first swing low. That will provide what you need to draw a channel.

If you continue to have trouble, see pp 35-42 of the book.

For some reason I can't get my Weekly chart to load that time period right now, so I have the Daily scrunched in.

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  #43 (permalink)
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The daily will have to do, then, though you could go to bigcharts.com to retrieve the weekly.

Nonetheless, you're still drawing these channels in hindsight. As I said above, the first demand line is drawn from March to the first swing low. This occurs in May. Skipping all of this will only mean losing money. I know you're in a hurry for some reason, but the faster you go, the longer it will take.

Again, see pp 35-42 of the book.

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  #44 (permalink)
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DbPhoenix View Post
The daily will have to do, then, though you could go to bigcharts.com to retrieve the weekly.

Nonetheless, you're still drawing these channels in hindsight. As I said above, the first demand line is drawn from March to the first swing low. This occurs in May. Skipping all of this will only mean losing money. I know you're in a hurry for some reason, but the faster you go, the longer it will take.

Again, see pp 35-42 of the book.

I probably should have clarified that I'm using this channel for the time period after October 2010 (after that new swing high is made and the demand line fanned). Is it correct in that case?

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Technically, yes. But there are five trend channels prior to this one and another channel after. If you're going to go back this far to backtest, choosing your start date is arbitrary and excludes a great deal of information that will -- or should -- be important to you. The logical start date is the beginning of the first trend at the reversal.

Or you could just skip it and begin with June '13.

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Am I seeing correctly that between March '12 and the end of 2013 that there are only about 3 trading opportunities using the Hourly and waiting for Weekly mean reversions?

1. March/April '12

2. Nov/Dec '12

3. Nov/Dec '13

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Also, in the 5 hour chart you posted in post #19, shouldn't there be a short right where the second from the left demand line is, right under 4440 that would be stopped out?

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Right track, yay or nay?

Red short, Green stop

Attached Thumbnails
Mr. Ocean's SLA Journey To Competence-screen-shot-2015-07-09-2.08.27-pm-2-.png   Mr. Ocean's SLA Journey To Competence-screen-shot-2015-07-09-2.30.39-pm-2-.png   Mr. Ocean's SLA Journey To Competence-screen-shot-2015-07-09-3.39.54-pm-2-.png   Mr. Ocean's SLA Journey To Competence-screen-shot-2015-07-09-3.40.04-pm-2-.png   Mr. Ocean's SLA Journey To Competence-screen-shot-2015-07-09-3.40.26-pm-2-.png  

Last edited by DannyOcean; July 9th, 2015 at 04:41 PM.
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bump @DbPhoenix

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DannyOcean View Post
Am I seeing correctly that between March '12 and the end of 2013 that there are only about 3 trading opportunities using the Hourly and waiting for Weekly mean reversions?

1. March/April '12

2. Nov/Dec '12

3. Nov/Dec '13

1. Yes

2. Yes

3. Maybe. If you were quick to see the change in the angle of the trend and plotted a new trendline, Nov/Dec would be "overbought" and subject to correction. This condition persisted until Feb '14.

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