Left side SR zone

Haven’t quite worked on confirmation statistics, working on a couple of extra parts for now before bringing it together. Considering that catching retracements are easier than extensions, I think it’s important to work on the safest entry first.

To be specific, this is where the specific price, low in this case, lands within a single bar. Because of this I don’t think 5% is very different than 10%, maybe like 3-6 pips or something, but I think looking at the 25/50/75 marks are worth something just for eyeballing.

percent in bar

The extreme of the swing bar occurs within 75%, or close to 80%, of 1 side of the 50-50 line, the lower half. This is nice as it creates high probability zones, but still problematic and currently not as useful because there are a LOT of them.

Capture

I’m noticing that the extreme bar, if you trace it to the left, it seems to be very close to or in the wick of another bar.. Considering the 1/4 1/2 1/4 rule, I wonder why I feel like I’m seeing it a lot. I’m also noticing that ends tend to appear in areas where there is “air” or a portion of right-side transience. (there’s also a TCD reversal at that swing point)

air and wick space

Back to work..

Edit: about a 50% probability that the extreme is occurring inside a wick..

3

Advertisements

One thought on “Left side SR zone

  1. Pingback: Market Summary 2015 | LGtrades

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s