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Factor of N
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Created: by Eric j Attachments:190

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Factor of N

  #51 (permalink)
Big game hunter
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The flag flies at 1/2 mast they say . Target here would be 2300ish .

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  #52 (permalink)
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Eric j View Post
The flag flies at 1/2 mast they say . Target here would be 2300ish .

Reminds me one of the early drawings of Paul Klee.

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  #53 (permalink)
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3 trades today , 2 winners 1 loser and 3 cancellations + 24 pips . I see a HL and a LH on the 240 min. , wonder if the bear flag will bear fruit .

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Factor of N-eurusd-8_31_2010-240-min-.jpg   Factor of N-eurusd-8_31_2010-15-min-.jpg  
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  #54 (permalink)
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Fat Tails View Post
Reminds me one of the early drawings of Paul Klee.

Thats a compliment thanks , hes from your neighborhood I think , correct ? I like to emulate Jackson Pollock and just throw stuff at my canvas ! He was from my hood over here on Long Island .

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Eric j View Post
3 trades today , 2 winners 1 loser and 3 cancellations + 24 pips . I see a HL and a LH on the 240 min. , wonder if the bear flag will bear fruit .

Can you explain the "HH < trigger" filter? Which bar is the trigger? The red bars, or the previous green bar? And how is that HH < either one of those?

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  #56 (permalink)
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shodson View Post
Can you explain the "HH < trigger" filter? Which bar is the trigger? The red bars, or the previous green bar? And how is that HH < either one of those?

No , no filters , thats me thinking out loud while looking at the 4 hr . chart . The first thing I always do before my day starts and when it ends is scan over the 4 hr . and the daily charts to get a feel for the overall direction but thats no bearing on this method whatsoever .

That said , there is a bear flag on the 4 hr. that I would consider valid to short and hold on for a target of 2300ish and todays pullback could be the place to short . Maybe todays 1300 EST bar , a key reversal bar on 240 min. , would make a nice stop sell entry to short . Like I said this has nada to do with the factor of N method here .

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  #57 (permalink)
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Eric j View Post
No , no filters , thats me thinking out loud while looking at the 4 hr . chart . The first thing I always do before my day starts and when it ends is scan over the 4 hr . and the daily charts to get a feel for the overall direction but thats no bearing on this method whatsoever .

That said , there is a bear flag on the 4 hr. that I would consider valid to short and hold on for a target of 2300ish and todays pullback could be the place to short . Maybe todays 1300 EST bar , a key reversal bar on 240 min. , would make a nice stop sell entry to short . Like I said this has nada to do with the factor of N method here .

Heres the problem I have with the patterns trades . On the 4 hr. the bear flag is convincing and here on the 15 min. the ABC is convincing . Im having more luck with the multiple timeframe - just follow along with the current bias - take a profit and move on approach ala factor of N .

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  #58 (permalink)
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Eric j View Post
Heres the problem I have with the patterns trades . On the 4 hr. the bear flag is convincing and here on the 15 min. the ABC is convincing . Im having more luck with the multiple timeframe - just follow along with the current bias - take a profit and move on approach ala factor of N .

Verdict - the ABC 15 min. long , gotta get my crystal ball up and running for this kinda stuff . I like how it hopped from the bottom to the top of the channel with the trend using the 00 level as a springboard on its way .

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  #59 (permalink)
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Again the 4 hr. trend color was flashing bullish indicating a trend change . 1 signal 1 winner + 13 pips .

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Factor of N-eurusd-9_1_2010-240-min-.jpg   Factor of N-eurusd-9_1_2010-15-min-.jpg  
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  #60 (permalink)
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..


First to thank you for the idea here.
Secondly to show a combo of 5min and 80min (experimenting with time frames)
to see if I'm understanding the concept properly?

The 5min chart is the section covered by the rectangle (randomly selected )on the 80min.
Blue arrows = long entries as per your switch bar criteria.

Switch bars:
Aqua for long = down bar followed by up bar followed by break of up bar high.
Magenta for short = up bar followed by down bar followed by break of low of down bar.

Buy: on switch bar when LTF (5min) MACD < 0 and HTF (80min) MACD > 0.
Sell: on switch bar when LTF (5min) MACD > 0 and HTF (80min) MACD <0

Does that all sound correct?

Many thx.

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Factor of N-audusd-8_31_2010-5-min-c.jpg   Factor of N-audusd-9_1_2010-80-min-c.jpg  

Last edited by zt379; September 1st, 2010 at 04:51 PM.
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