Random Walk (The unbeatable!)
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Thread: Random Walk (The unbeatable!)

  1. #1
    The markets have been reportedly random walk. Throughout the decades of trading I really feel that the markets have been random walk with a drift (float signifies the current trend).
    So in roulette sense random walk is black or crimson happening includes aP chance (omitting the zero). A number of you will argue that the markets aren't random. I respect that. But the markets are very close to walk.
    I devised a service and resistance indior ( with indior, praise to him). You will see that the prices really respect these levels. Try these indiors outside and you'll notice how important they are.



    Simply use the RW-SupportResistanceALL on your charts (those indiors use ATR-Close to make the calculations). Please utilize this indior on 5 min chart in order to allow them to operate.
    After you attach them onto the chart you need to draw Fibo retracement beginning from D1 Res 0 towards D1 Sup 0. Attached is your chart picture



    Thats it for now.

    Edit: I've revised the indior, so that just this indior ( RW-SupportResistanceALL) will probably be utilized on this chart. It will use the ATR-Close indy from the desktop so both must be downloaded

    https://www.forexsoutheast.asia/atta...3705718385.ex4
    https://www.forexsoutheast.asia/atta...5572973193.ex4

  2. #2
    Quote Originally Posted by ;
    Hello, Thank you for your thread and the concepts you've introduced. I am trying to understand the way your indior RW-SupportResistanceALL functions.... I've been observing it and have noticed that the space between DS_0 and DR_0 is 85 pips. Shouldn't that worth change based on the ATR? Thanks.
    Hi drakos,

    The indior is utilizing Close[1] - Close[two ] of 5 min bars, so it isn't predied on ATR. The gap between the DS_0 and DR_0 should disagree, but the fluctuation isn't evident for now because the volatility of this days are rather dead. If volatility picks up later on that gap will also change.

    Good Luck...

  3. #3
    Quote Originally Posted by ;
    quote The pivot indior to get TF=5 min does precisely that. Are you referring to this calculation for TFs? K
    Hi kprsa,

    Yes I am speaking about the calculation of different levels for your daily time period only, so we can observe the last on daily bars. Thanks for your prompt reply. .

    Please advise. .

    Good fortune...

  4. #4
    Quote Originally Posted by ;
    quote Hi rolan, Thanks for sharing your trade. It looks like good entrance. Your trend assessment was perfect. . However, my personal taste would be to input the first red bar. However, you made a profit, that's a success. . Congrats. There's no clear cut rules , provided that you don't enter short below or at and input long above or at 78. The market could be matured for the day at those levels, and you would not have enough room left for your profit target. Good Luck...
    Thanks for your comment GoldTheHunt.

    I got your point now. Thank you again.

  5. #5
    Quote Originally Posted by ;
    quote Hello, Yes I am talking about the calculation of other levels for the daily time period only, so we are able to observe the last on daily bars. Thank you for your prompt answer. . Please advise. . Great luck...
    I believe I see what you mean:
    identify the initial TF=5 min candle of this day for current pub (no matter its TF) and calculate levels.
    I should be able to do this.
    k

  6. #6
    Quote Originally Posted by ;
    quote I believe I see what you mean: spot the first TF=5 min candle of the day for current bar (regardless of its TF) and calculate levels. I ought to be in a position to do that. K
    Just kprsa... I could not explain it quite clearly but you have it... Thank you...

    Good Luck...

  7. #7
    Quote Originally Posted by ;
    quote Thank you for your remark t. I got your point now. Thanks again.
    You are always welcomed roland.

    The reason I don't search for a breakout is that, the moment you realize it is a breakout you're overdue, along with your SL must expand, and it could also be a fakeout. . I would rather expect the price before it happens using the levels and trying to feel small flaws. . If I'm wrong I shed little, but when I'm correct, I gain a whole lot more than my risk...
    Everyone has a way of trading that makes them to stay in their comfort zone. . That is mine...

    Good Luck and thanks for sharing your own charts...

  8. #8
    Quote Originally Posted by ;
    quote Exactly... I couldn't explain it quite clearly but you have it... Thank you... Good Luck...
    This should do the trick. Also added the Zscore=1.28 degree.

    https://www.forexsoutheast.asia/atta...1029625083.mq4

    Cheers,
    k

  9. #9

  10. #10
    Quote Originally Posted by ;
    quote This should do the trick. Also added the Zscore=1.28 level. document Cheers, k
    Due to much k,

    It was lightening fast. I'll put it on daily chart and let you know the look. .

    Thanks once again.

    Best of luck...

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