Decsion Point q

[jtrade]

Steve,

What significance is there in the width and height of the DP box ?

I am finding the combination of DP (preferably with confluence across one timeframe up and down), STF divergence and Reversal Bar entry a devastatingly good addition to my trading arsenal this year.

J.

[Steve Griffiths]

Steve,

What significance is there in the width and height of the DP box ?

I am finding the combination of DP (preferably with confluence across one timeframe up and down), STF divergence and Reversal Bar entry a devastatingly good addition to my trading arsenal this year.

J.

Hi J.

Glad this new DP strategy is working out well for you.... always nice to hear that it is " devastatingly good addition to my trading arsenal this year " :)

To answer your question. No, just use the levels of the DP, the Time position is not relevant, juts the price.

Thanks

Steve

[jtrade]

Thank-you, Steve....

... but is there really no significance to the height of the DP "box" ?

There is trading significance in the sense of looking for a close beyond the box extreme level to "void" the DP area in question. So my question is as to what parameters are making the height range wider or lower ?

I like to understand my black boxes, Steve :D .

J.

[Steve Griffiths]

Hi J,

Just need to look at the DP levels, that is all........ no need to try and work out how they are calculated :)

Steve

[Tony Beckwith]

The Steve magic on the DPs...and no importance attached to time - only the price zone itself.

Tony.