Brother Kiads, Thank you for your help, Here I want to mention that during my study I found nothing in system but all is in mindset.If I can correct my mindset then it is easy to choose trading system according to style and tendency. I am not advertising but its my duty to tell our brothers on this forum that Dr.Van Tharp’s literature is good to…[Read more]

Hi Kiads,

I was hunting for a good system from last 4-5 yrs which will suit with my trading style. I am studying your Renko and other indicators. Now a good promising system is in my hand with minor changes. I have done paper trading from last 1 year with renko charts  and now decided to jump in real trading from next week. I am sure that with…[Read more]

Hi Kiads,

I was hunting for a good system from last 4-5 yrs which will suit with my trading style. I am studying your Renko and other indicators. Now a good promising system is in my hand with minor changes. I have done paper trading from last 1 year with renko charts  and now decided to jump in real trading from next week. I am sure that with…[Read more]

Hello Rahat Lukum, here is a link regarding computing the with examples and pictures, and here is a link for using playing cards as an example.

If you look at the market prices, you will find high autocorrelation which in simple terms indicates that future prices are highly dependent on previous prices. This makes sense because a price doesn’t…[Read more]

Hello Rahat Lukum, here is a link regarding computing the with examples and pictures, and here is a link for using playing cards as an example.

If you look at the market prices, you will find high autocorrelation which in simple terms indicates that future prices are highly dependent on previous prices. This makes sense because a price doesn’t…[Read more]

Agree, there is nothing wrong with discussing ideas that didn’t originate on this forum, on this forum, but credit where credit is due.

I haven’t used it but am looking to investigate it. From what limited reading I’ve done so far, you can’t backtest it, so results are based on limited forward testing and word of mouth results. So far results…[Read more]

Agree, there is nothing wrong with discussing ideas that didn’t originate on this forum, on this forum, but credit where credit is due.

I haven’t used it but am looking to investigate it. From what limited reading I’ve done so far, you can’t backtest it, so results are based on limited forward testing and word of mouth results. So far results…[Read more]

Agree, there is nothing wrong with discussing ideas that didn’t originate on this forum, on this forum, but credit where credit is due.

I haven’t used it but am looking to investigate it. From what limited reading I’ve done so far, you can’t backtest it, so results are based on limited forward testing and word of mouth results. So far results…[Read more]

Hi Simplex. I’ll quote the part of drloyd’s post that I thought was self-evident:

So to be even more clear and explicit to answer @geminicz , yes (H+L)/2 is referred to as the “market sentiment” of the bar and when compared to the close price, you can see differences or a deviations from this “fair value” which again is defined as the…[Read more]

Good job, Wanderer. You’re the first to post a picture showing that you understand the simple concept. I guess I should also post a picture. Mine looks similar to yours, down to the DodgerBlue line. I’m a bit surprised more haven’t figured out this. It’s not really a secret, or new. I read about it years ago on another forum and in another…[Read more]

I’ve done some cursory strategy testing of this simple “idea” or “concept” and wish to report some rough results. For me and for my definition, the basic concept can be defined by how gg53 drew his undefined red lines. You can clearly see the start point of each line and the end point as a sort of entry/target. You can also easily figure out what…[Read more]

Interesting idea gg53! I suppose it is a simple method of  calculating fair value based on a single bar! Thanks for posting this.

Hi Kiads,

Glad to meet you here Bro.

Happy New Year to Everyone