Attachments: MMLCv16

MMLCv16

#81
Edited 7:48pm Jul 30, 2016 7:19pm | Edited 7:48pm

Relativity
Joined Feb 2011 | Status: Crystal Jade Per Day Trader | 397 Posts

Quoting WannaLearn

Disliked

{quote} I think we better program our own MTF_MMLC_v16 indicator.... (Mine was limited for M30, so that's on my priority list now) Maybe we can better wait for the additional components until we have all the basic information. But both of us, we have difficulties with waiting...not a good trading skill

Ignored

Oh no... I think I didn't make it clear to you perhaps, but I did say that I would never reveal the additional components, nor the full version of MMLC

Quoting Relativity

Disliked

While I am currently reluctant to disclose the full version of MMLCv16, I have a reasonable suggestion. I would like to open up the following here :
-M30 Swings as Lower Timeframe (MMLCv16 Core Component #1)
-Modified version of B2i (beta version Additional Component)

Ignored

Oh yes, waiting like this isn't a good trading skill. Looking for answers is. I am glad you are able to see this now (your part), and further more properly equipped to do so (my part; which I think I've tried my best to do so).

It was a long time ago I decided never to wait for answers, but to seek them while waiting. I found so many things just through MMLC exploration alone; what works, what doesn't, how to improve it, how to use it, what can support it...etc. Because all the most important price/time data is now there, this process gets so much easier and faster.

The thread would almost come to a close next week when I post about B2i, so no, don't wait. Go and do something else while waiting for the final post in this thread. You seemed to had grasped a lot more than what I would wish to offer in this thread and pretty quickly too. Thats a good thing.

#82
Edited 1:40pm Jul 31, 2016 7:51am | Edited 1:40pm

WannaLearn
| Joined Nov 2015 | Status: Trader | 16 Posts

I understand and have fully respect for your intentions.

But I exposed myself the wrong way, WE need to find our additional components.
(Maybe by a new thread)

Like Trader2925 I've also a lot ideas to investigate (Timing would maybe be the major one, we only did refer to the price axis)

But I think I will start with a very limited but hopefully already profitable strategy first.
(With almost only the knowledge that can be found in this thread)

Later it will be easier to add and test additional components.

Thx, T.

#83
Edited 3:42pm Jul 31, 2016 1:12pm | Edited 3:42pm

WannaLearn
| Joined Nov 2015 | Status: Trader | 16 Posts

Quoting Relativity

Disliked

b-Downswing turn into upswing = candle closes above LWMA High line Start of a new swing going up, tracking the highest extreme after it. Mark and keep this turn point data point.

Ignored

Now I'm busy with the MTF indicator more details needs to be perfect.

Suppose we have a new upswing and the candle that closes above the channel will be also the highest high for that entire upswing.
At the moment that high was formed the upswing wasn't yet confirmed.

Do we consider that high also for the swing up or use the close price (or later a little bit higher if the next candle's high is higher)

Grzt, T.

#84
Edited 11:35pm Jul 31, 2016 1:37pm | Edited 11:35pm

trader2925
| Joined Jul 2016 | Status: Trader | 23 Posts

Here are my results for OBS L1O freq. dist.

Edit:Saw something so checked relativity's excel sheet for confirmation.UR(OBS) to DT(L1O) has higher chance of hitting 3+ and has pretty good count as well compared to other T swings.

Also as i had doubts about my L10 stats i did calculations again and discovered a big error.Finally i am satisfied with numbers i am getting.Its looks nice now.

Edit2:Sorry Rel.I'll try not to post in a hurry nowonwards.Obvious errors should be avoided.Posting corrected stats.Thanks.

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#85
Jul 31, 2016 5:25pm Jul 31, 2016 5:25pm

Relativity
Joined Feb 2011 | Status: Crystal Jade Per Day Trader | 397 Posts

Quoting WannaLearn

Disliked

{quote} Now I'm busy with the MTF indicator more details needs to be perfect. Suppose we have a new upswing and the candle that closes above the channel will be also the highest high for that entire upswing. At the moment that high was formed the upswing wasn't yet confirmed. Do we consider that high also for the swing up or use the close price (or later a little bit higher if the next candle's high is higher) Grzt, T.

Ignored

Use that high also for the swing up, but mark the entire swing as a temporary swing until 'time is up', then confirm it.

#86
Edited 8:01pm Jul 31, 2016 5:42pm | Edited 8:01pm

Relativity
Joined Feb 2011 | Status: Crystal Jade Per Day Trader | 397 Posts

Quoting trader2925

Disliked

Here are my results for OBS L1O. http://speedy.sh/mnn6v/L1O-FDresult.xlsx Edit:Saw something so checked relativity's excel sheet for confirmation.UR(OBS)toDT(L1O) has higher chance of hitting 3+ and has pretty good count as well compared to other T swings. Also as i had doubts about my L10 stats i did calaculations again and discovered a big error.Finally i am satisfied with numbers i am getting.Its looks nice now. {image} {image} {image}

Ignored

All the results for DT(OBS) TO x(L1O) and UT(OBS) TO x(L1O) don't look right.

A couple of things :
1-You can attach files into your forexfactory post via 'Upload From Computer', so there is no need to use external file sharing links anymore.
2-Not to offend you, but you seem to have errors here and there, plus tend to post the results up hastily without double checking again. My advice to you is try not rush... really take your time to get things right. The thread will be always here... and I will progress as slowly as I can, but also being deliberate with every post. All this while without losing interest LOL

And goes without saying, trying to keep the thread clean and easy too.

#87
Edited 5:43am Aug 3, 2016 3:24am | Edited 5:43am

trader2925
| Joined Jul 2016 | Status: Trader | 23 Posts

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#88
Edited 5:09am Aug 3, 2016 4:47am | Edited 5:09am

Relativity
Joined Feb 2011 | Status: Crystal Jade Per Day Trader | 397 Posts

Quoting trader2925

Disliked

Hi rel, A question regarding swing formula.why do we use 8 bars in the mmlc16 formula instead of 7 like we did in mmlc12?Is it still based on PTe?Or is it because formula tries to measure next higher timeframe h2 but doubles the number of bars as we are using moving averages here?Possible answers are... A.Take it as it is.I can not disclose the logic . B.It is based on PTe(similar to MMLC12). C.No, It is not based on PTe. Is it A,B or C. I am sorry for bothering you again.I understand you are cautious because of your habit of giving long answer...

Ignored

I am very sorry... this is not agreeable in any way.

You tried to bring a question from private message, one that I made very clear that I would refuse to answer, into public level in this thread. I have also made clear that the final post I would make in this thread would be about B2i, plus given you some suggestions of what you can do to get your own answers.

I have no idea what are you trying to do, but I find it pushy, distasteful and disrespectful. I had already made my intentions clear and perhaps you are hoping that I would reply 'under the pressure of public view'. No, this is not the right way to do things, I am afraid.

#89
Aug 3, 2016 5:26am Aug 3, 2016 5:26am

trader2925
| Joined Jul 2016 | Status: Trader | 23 Posts

Quoting Relativity

Disliked

{quote} I am very sorry... this is not agreeable in any way. You tried to bring a question from private message, one that I made very clear that I would refuse to answer, into public level in this thread. I have also made clear that the final post I would make in this thread would be about B2i, plus given you some suggestions of what you can do to get your own answers. I have no idea what are you trying to do, but I find it pushy, distasteful and disrespectful. I had already made my intentions clear and perhaps you are hoping that I would reply...

Ignored

I am deeply sorry for i misunderstood your message.I wont bother you further with any questions.Sorry again.

#90
Edited 8:42am Aug 3, 2016 8:10am | Edited 8:42am

Relativity
Joined Feb 2011 | Status: Crystal Jade Per Day Trader | 397 Posts

Modified B2i for MMLC (part 1)

MMLC reasoning of possible B2i integration :
-OBC and L1O cannot fully accommodate key zone levels after very strong swings occur. These swings are beyond of a certain ratio length.
-One can observe a mini trend / reasonable trading opportunities can exist within this wide swing range. How does one capture this?

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from http://www.forexfactory.com/showthre...83#post7636083

Quoting iDoubleStoch

Disliked

B2i is what I call a Market Phase 2, 3 and 4 indicator. Market Phases 1 and 5 are not advisable for B2i.
Market Phases:
1) Strong Bullish (vertical up)
2) Bullish to Flat Transition (horizontal)
3) Flat (horizontal)
4) Bearish to Flat Transition (horizontal)
5) Strong Bearish (vertical down)

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from http://www.forexfactory.com/showthre...58#post7641558

Quoting iDoubleStoch

Disliked

Keep these notes clearly in mind regarding B2i:
- B2i is NOT a directional bias or trending indicator type.
- B2i is by design a counter-bias (or counter-trend) indicator.
- B2i need volatility (as do most indicators).
- B2i works optimally in Market Phases 2, 3, 4 and both Inverse Conditions of 3 and 4.
- B2i will lack follow-through in Market Phase 1 (Full Bullish Vertical) where the trade is Short to the Fall Line.
- B2i will lack follow-through in Market Phase 5 (Full Bearish Vertical) where the trade is Long to the Fall Line.

Ignored

Key conclusions and goals for MMLC to B2i :
1-Use MMLC to correctly identify swings that belong to Market Phases 1 and 5
2-Map out a modified version of B2i after these swings, so that B2i captures Market Phases 2, 3 and 4
3-Swings that belong to Market Phases 1 and 5 provide historical reference for later swings belonging to Market Phases 2, 3 and 4

#91
Edited 9:44am Aug 3, 2016 9:17am | Edited 9:44am

Relativity
Joined Feb 2011 | Status: Crystal Jade Per Day Trader | 397 Posts

Modified B2i for MMLC (part 2)

1-Use MMLC to correctly identify swings that belong to Market Phases 1 and 5

a-Look at frequency distribution of levels for T swings that are under OBC (Optimized Basic Classification) and find the 50% accumulative percent cut off. The resulting level should be around 170%.

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b-This means very strong swings are OBC ratio >= 170. Mark all T swings that fall under this requirement, while hiding all L1O levels.

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2-Map out a modified version of B2i after these swings, so that B2i captures Market Phases 2, 3 and 4

c-Assume the following :
-very strong swings as swing 2
-the swing before it as swing 1
-the swing after it as swing 3
... and mirror swing 3 from swing 1. Ignore the actual swing 3 that occurs in this step to avoid confusion.
Ignore time / slope of the swing 1 when mirroring. Just use the price length will do.

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d-Get the ratio of the actual swing 3 VS mirrored swing 3. Assume mirrored swing 3 as reference 100% unoptimized length and classify the results (T/J/R) accordingly.

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e-Optimize the results by increasing from 100% to 160%

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f-Determine B2i key zones by looking at the frequency distribution of levels
>Minimal Retracement Zone : 0.0 to 49.99
>Retracement Success Zone : 50.0 to 139.99
>Retracement Failure Zone : 140.0 to 159.99
>Breakout Zone : 160.00 to 184.99

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Modified B2i Optimized Levels.xls 90 KB | 559 downloads

g-Draw these levels

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h-Bring in back L1O levels. Observe how tracking the mini trends has improved. Observe how confluence levels for breakouts happen. Observe what happened for Brexit.

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#92
Aug 3, 2016 9:22am Aug 3, 2016 9:22am

Relativity
Joined Feb 2011 | Status: Crystal Jade Per Day Trader | 397 Posts

I would now sit out of this thread and wait, then later post part 3 of B2i. These first 2 parts can be difficult if one hasn't kept up with the thread.

#93
Aug 13, 2016 9:14pm Aug 13, 2016 9:14pm

Relativity
Joined Feb 2011 | Status: Crystal Jade Per Day Trader | 397 Posts

Modified B2i for MMLC (part 3)

My final post of this thread.

This involves multiple timeframes. Here, I would only say so much, but let the rest to be decided, explored and implemented further by others.

Knowing powerful swings exists does suggest the following;
1-The length outside 'acceptable norms' within the current timeframe can imply that higher timeframes are involved in pushing price much more further.
2-These huge swings don't just influence the next swing, but few to many swings after it, as if like a 'master swing'.

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Thats all there is that I can post here. Anything further would be in the 'do not ever discuss' zone.

This closes up my participation of the thread. Generally I don't really expect many or any to truly respond. However, there is only 1 individual in this thread whom I am truly impressed with. At least this tells me that there are still people who not just are hardworking, but also technically equipped to succeed. It came down a lot to do with a contextual combination of hard work (but it can only get one so far), background (IT systems theory and programming), correct trading education/information (rare IMO) and the people I met and talked to (even rarer because it tells you where you really are).

It doesn't mean the rest didn't make the cut. Perhaps it meant that this style and methodology of trading might not be suitable for them in the long run. That is truly ok.

For historical purposes, even I would also want to come back and read this thread for my own purposes and review. So, its here to stay, plus anyone can attempt to read, try and analyze what was posted in the thread, any time they want. I do so too, to look for new innovative ways to push my work further. Having a record like this helps.

Ok, time to bow out.