golfer_401
Junior member
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Hello R_E,
I am new to this board and have been reading your posts with much interest...I am more accustomed to discussions on EW, Fib, Momentum etc... (your skepticism vis a vis these methods has been duely noted ) and find your discussion in this thread to be a refreshing view (I think that I have been suffering from some paralysis of analysis lately).
I noticed that you switched from posting the figures for the 3 different types of PP calculations and kill zones to just one set which you went on to describe in a later post amounted to a weighted average of elements from all 3 methods. With respect to this, could you perhaps expound a little more on the logic behind the weighting? For example, I observed in your example that you have placed 50% of the weight on the FTP followed by 30% on the CAM and 20% on the DEM. Is this your proprietary/favoured weighting or do you periodically revise based on market conditions?...Would an equally weighted average be just as good
Also, myself being more accustomed to indicators for the purposes of pulling the trigger on a trade, when you hit, say, the BOL line that you have defined, does this mean that you have drawn a line in the sand and decided to be long above this line "no matter what" (like if one of those indicators is in the middle of a momentum trend in the opposite direction) so that you are prepared to defend this point on the long side should price repeatedly oscillate around your level?
Thanks for any insight
Regards,
Ivor
I am new to this board and have been reading your posts with much interest...I am more accustomed to discussions on EW, Fib, Momentum etc... (your skepticism vis a vis these methods has been duely noted ) and find your discussion in this thread to be a refreshing view (I think that I have been suffering from some paralysis of analysis lately).
I noticed that you switched from posting the figures for the 3 different types of PP calculations and kill zones to just one set which you went on to describe in a later post amounted to a weighted average of elements from all 3 methods. With respect to this, could you perhaps expound a little more on the logic behind the weighting? For example, I observed in your example that you have placed 50% of the weight on the FTP followed by 30% on the CAM and 20% on the DEM. Is this your proprietary/favoured weighting or do you periodically revise based on market conditions?...Would an equally weighted average be just as good
Also, myself being more accustomed to indicators for the purposes of pulling the trigger on a trade, when you hit, say, the BOL line that you have defined, does this mean that you have drawn a line in the sand and decided to be long above this line "no matter what" (like if one of those indicators is in the middle of a momentum trend in the opposite direction) so that you are prepared to defend this point on the long side should price repeatedly oscillate around your level?
Thanks for any insight
Regards,
Ivor