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Factor of N
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Created: by Eric j Attachments:190

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Factor of N

  #101 (permalink)
Big game hunter
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Interested to see what happens here at this major level . With the typical thursday news quagmire it could be a real perfect storm kinda mess .

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  #102 (permalink)
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Looks like a breakout pullback. So if confirmed by momentum indicator this could be a buy.

By the way, I really appreciate this thread. It adds value to this forum.

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  #103 (permalink)
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Fat Tails View Post
Looks like a breakout pullback. So if confirmed by momentum indicator this could be a buy.

By the way, I really appreciate this thread. It adds value to this forum.

Very kind , thanks FT . Ive said it before and it bears repeating that futures.io (formerly BMT) is a rare find as far as trading sites is concerned and Mike deserves all the praise he gets . Im here mainly because of the standards that are maintained and I like how BS isnt tolerated so I ( and all ) can journal my thoughts and whatever else I find pertinent without a flamefest erupting and the mods just watching and fanning those flames so thanks to them too .

Anyway , yeah maybe pulling back to the 00 level , or maybe not who knows . Im bullish now as confirmed by the longer timeframe so its all buys for me today so far .

While Im here Ill plant this for later .......

Order of magnitude - Multiple timeframes segmented , 4h / 1d / 1w / 1mn / 1yr . Fib levels .
Inside bar (a) - A bar that has a lower high and higher low than the bar before it , IBA.
Inside bar (b) - A bar whose open/close range fits inside the open/close range of the
bar before it , IBB.
BE - Breakeven + commission .
Form - When price shows signs of having retraced , failure to reverse and may continue in the direction of the bias . Long = bar (1) lower low to bar (2) , bar (0) = trigger . Short = bar (1) HH to bar (2) , bar (0) = trigger .
Bias - Direction confirmed on multiple timeframes , trend .
Rules - Variables + plan = rules .
Plan - My predefined methodology in writing .
Variables - My predetermined sequence of events causing a trade and subsequent exit strategy in writing .
3 bar reversal - continuation entry whose form suggests weak bulls = short and weak bears = long .
ORB - stop entry 1 tick below the benchmark candle to go short or 1 tick above the benchmark candle to go long .
Rejection bar - a bar where price breaks the low of an upbar ( prior bar ) or breaks the high of a downbar ( prior bar )
CHPH - a bar that closes higher than the prior bar .
CLPL - a bar that closes lower than the prior bar .
Benchmark candle - the bar from which a signal occurs , the culmination of the variables being met .
Trigger candle - the bar that ORBS the benchmark candle .
NLNG - no loss no gain , employing multiple units and taking profits on a portion of them then moving the stoploss to a point if hit would negate the profits taken and the spread or commission and result in a trade that neither profits or loses , the stop move before breakeven .
Test bar - same as a " key reversal bar " but the close of (0) needs only fall within the range of (1) . Indicates either stop hunting or directional exhaustion .

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  #104 (permalink)
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This is 30 minutes later. Painting my house, just taking a small break. Simulation only.

Trade idea from the larger time frame. Execution in smaller timeframe, when trade idea was confirmed. This is a path to success. The idea of Factor N is nothing else.

Note how 6E reacts to the VWAP.


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  #105 (permalink)
Big game hunter
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3 winners today + 81 pips . Maybe the 3300 level will be support there FT , a close above 3380 would make a sweet double bottom entry . Trying to formulate a "void this entry bar" variable if the benchmark is maybe say > 2 times ATR (14) or so .

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Factor of N-eurusd-9_23_2010-240-min-.jpg   Factor of N-eurusd-9_23_2010-15-min-.jpg  
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  #106 (permalink)
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2 losers today -60 pips on EURUSD and 1 winner +30 pips GBPCHF today . The 3LB had the LTF bullishness under control again today and I guess the Macd must have had a few drinks with thursday dinner again because it was mostly bearish and late to the party in calling the bullishness , too bad .

Attached Thumbnails
Factor of N-eurusd-9_24_2010-240-min-.jpg   Factor of N-eurusd-9_24_2010-15-min-.jpg   Factor of N-3-line-break.jpg   Factor of N-3-line-break-price-bars-omitted.jpg   Factor of N-gbpchf-9_24_2010-15-min-.jpg  
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  #107 (permalink)
Big game hunter
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The LTF trend is going to be defined by the 3 line break from now going forward . The session times are 1900/1900 GBPCHF and 0100/0100 EURUSD (EST) . I chose these start/end times to reflect when these pairs start seeing some volatility and also because Ive found that altering the start/end times can radically change how they pick up information and define the trend so for now this works well and Ill take a look how DST might affect these parameters .


Have a great weekend all .

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Factor of N-gbpchf-9_24_2010-240-min-.jpg   Factor of N-eurusd-9_24_2010-240-min-.jpg   Factor of N-gbpchf-9_24_2010-60-min-.jpg   Factor of N-eurusd-9_24_2010-60-min-.jpg  
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  #108 (permalink)
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2 winners 2 losers today -1 pip . Today proved to me that hanging on into the dead zone is bad for business . I changed over to 3LB for the LTF trend and changed colors to some drab grays because my eyes get burnt out otherwise . As of now as well all trades are flattened at 1200 EST . There hasnt been evidence of the edge being represented very well when volatility dies so closing out at lunch is the new rule .

Like a good sheep I stay home and do as Im told , staying out of the road because I want to grow old but I can HARDLY wait for this to come to my town next week -

Turn It Up: Concert review: Roger Waters performs 'The Wall' at United Center

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  #109 (permalink)
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Its interesting how a 3 line break on a range chart defines SR levels and some potential trend following opportunities . I bet a lot of traders are like me and need something to do while waiting for an entry , I tend to build charts with stuff that I dont ordinarily look at and stumble on some interesting goodies . Funny how the eye always focus' on the winners when you check out something new or different so its good to always take everything at face value and try to pick out weakness' too .

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  #110 (permalink)
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Took my lumps today 1 winner 3 losers -68 pips . The news had me being used like a punching bag while it broke back into bull mode .

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