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Tutorial Step - A Particular Case...
Summary: Both strategies are virtually the same in that they share the same base rules for triggering... with minor differences...
Beyond the seven conditions in common, the Steep strategy has one additional Condition while the Xtreme strategy has three. We won't analyze those differences one by one, although you may if you wish! Let's instead reveal the underlying concept behind the differences:
Within the market Situation defined by the first seven conditions, the Steep strategy deals with a certain type of price action—price falling on a steep curve—while the Xtreme strategy deals with price falling on an extremely steep curve!
Intro to Trading Systems — TOC
You just did step 7 in the tutorial.
1. Intro to Trading Systems Tutorial
2. Tutorial - Intro to Trading Systems
3. Tutorial Topic - Frame It Flexibly!
4. Tutorial Step - Points to Take Home...
5. Tutorial Step - But... But... Why?
6. Tutorial Step - Steep Vs. Extreme
7. Tutorial Step - A Particular Case...
8. Tutorial Step - Another Example?
9. Tutorial Step - At The Count of Three!
10. Tutorial Step - Time Frame Analysys
11. Tutorial Step - Unpacking These Lessons
12. Tutorial Step - Granularity!
13. Tutorial Step - Hyper Specialization!
14. Tutorial Step - Fine-Grain Management!