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Last Activity 9/24/2018 2:59 PM
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Posts: 210

Joined: 5/25/2004
Location: Australia

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Subject : ITM 2
Posted : 8/29/2017 5:50 AM
Post #42389

Hi any feed back on his upgrade yet ???
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Posts: 7

Joined: 9/28/2012
Location: Olathe, KS

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Subject : RE: ITM 2
Posted : 9/1/2017 5:44 AM
Post #42424 - In reply to #42389

I attended the webinar and one question I wanted to get answered was how the 2 and 3 standard deviation systems ever got triggered. Since price first has to penetrate the 1st StDev, it would seem you would get a signal at that point every time. I asked the question if a system was triggered by the low crossing the StDev line, but the close above and the answer was no. So I don't see how you get a signal for crossing the 2nd StDev without already getting a signal after crossing the 1st. Yet I see examples where the 1st line appears to be crossed and a couple bars later the second line is crossed, generating a signal. Anyone who has loaded ITM2 able to answer this?
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Jim Dean

Posts: 2884

Joined: 9/21/2006
Location: L'ville, GA

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Subject : RE: ITM 2
Posted : 9/1/2017 7:40 AM
Post #42425 - In reply to #42424

If you are working with Daily bars (applies to other bar lengths as well, other than pure Ticks), the calculations are done based on the Close of the bar. A big gap or a big bar can easily jump across two and sometimes three SD's (using 20bar BB) all at once. This is usually at the beginning of a trend, ie "wave 1", rather than after a pullback.

In my opinion, those extreme excursions are a reason to take a profit exit and/or radically tighten stops of an existing trade, rather than using it as an entry signal. Reason ... after a huge excursion, movement might "coast" positive a bar or two, but *usually* flattens out or pulls back. I've written trade plans to utilize this effectively btw.

And, since it's rare to be able to write a profitable strategy to "catch the turn" that initiates wave 1 after a downtrend, I believe trades that can use this logic are typically entered after a consolidation or squeeze, with a moderate breakout.
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Posts: 233

Joined: 12/30/2003
Location: Kensington

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Subject : RE: ITM 2
Posted : 9/2/2017 8:15 AM
Post #42428 - In reply to #42425

I agree with Jim. Big excursions are caused by news. Most likely, the price will pull back or at best stabilize at the new level. Not a real breakout most of the time, but it is the time to cash the check.
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