Complex things,try to present in a simple way so that a Layman can understand easily.
Somewhere, I heard or read,sometime ago.

Indices correct 3-5%, trend 10-20 %.
Having multiple positions in correction % and trend % using a Hi lo indicator suits my risk level.

Are you strictly trading just the system and not looking at candles either? That's something different lol I guess you can focus more on your system

keys898 wrote: Thu Oct 13, 2022 11:09 pm Are you strictly trading just the system and not looking at candles either? That's something different lol I guess you can focus more on your system

As I understood the length of the candles decide my PnL, I lost interest in time based candlesticks and indicators.
I don't have coding intelligence but I understand all indicators are permutations and combinations of MA,MACD,RSI and Stoch.
So I stopped chasing candlesticks and the chosen indicators performance.

Market has its own vibrations and of late HFT algos ruin the setup intraday and overnight news moves the market gap up and down.

General outlook, if market falls or gains by a small percentage, we call it volatile.,a little more it is correction and more of it, it is the Trend.

I decoded my trading instrument, in a week, it moves within 5% and a month max.20%,the range is 8-15 %.

XARD, a Market veteran and a coding specialist,uses a frame work of certain no.of candles high and low and trade with the second dot and a MA crossover.

My mindset agrees with some of his ideas, but I chose to work with candles high -low of trend above 10%, correction of around 5% and volatility of 3%.

I have multiple position in each of the above, position size arrived with previous two years trend %, correction % and volatility %.

I don't have the fear of losing money in painting and repainting nature of hi and lo as I have positions in each strata compensating the loss of one with the profit of other.

Thank you.

annadurai wrote: Thu Oct 13, 2022 11:47 pm As I understood the length of the candles decide my PnL, I lost interest in time based candlesticks and indicators.
I don't have coding intelligence but I understand all indicators are permutations and combinations of MA,MACD,RSI and Stoch.
So I stopped chasing candlesticks and the chosen indicators performance.

Market has its own vibrations and of late HFT algos ruin the setup intraday and overnight news moves the market gap up and down.

General outlook, if market falls or gains by a small percentage, we call it volatile.,a little more it is correction and more of it, it is the Trend.

I decoded my trading instrument, in a week, it moves within 5% and a month max.20%,the range is 8-15 %.

XARD, a Market veteran and a coding specialist,uses a frame work of certain no.of candles high and low and trade with the second dot and a MA crossover.

My mindset agrees with some of his ideas, but I chose to work with candles high -low of trend above 10%, correction of around 5% and volatility of 3%.

I have multiple position in each of the above, position size arrived with previous two years trend %, correction % and volatility %.

I don't have the fear of losing money in painting and repainting nature of hi and lo as I have positions in each strata compensating the loss of one with the profit of other.

Thank you.

Wow that is an interesting take on it. I typically have all my candles one color so I don't get caught up in trading candle color vs trading structure but this is something I'll keep watch on. Maybe some aspects Ill incorporate on my own trading. Thanks.

Any correlation ??

If it is there, combining signals, nice trades are seen.

The day belonged to recent high low traders, not intra-day hilo.

charts set.

When you have many indicators and conditions attached to take the trade,
One indy decides the trade.

Focussing on that one.

annadurai wrote: Mon Oct 17, 2022 3:58 pm Whem



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how is it going?