2019

.....h
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hey sam..... replying with charts is easier here than pm......

trading without high speed connections is a positive for me..... slows things down to my pace........ this forum is flat full of traders that play the net and quickly burn out...... i'm more inclined to lob that tennis ball high high up from way way behind the base line...... gives me plenty time to eat a hot dog and drink a diet coke before having to consider a move......

your strategies name, 'paint by numbers', reminds me of a question i posted on enivids forum......



what follows a red 14......

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this is a question..... a thought..... a wonder..... not trading advice.....

will explain in depth but for start assume,

if, today's sma(50) is lower than yesterdays..... and we count that as a red 1.....

if, tomorrow's sma(50) is lower than today's.... and we count that as a red 2......

if at any point the sma(50) closes above it's prior value, we would count that as a lime(1).....

but assume that sma(50) falls for 14 days..... so we now have a red 14......

tomorrow can only be a red 15 or a lime 1...... which will it be...... can you tell......

is knowing which it will be of any value to us.....
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in the chart below, the gbpjpy along with some numbers are in the brown rectangle..... none of the numbers relate to the sma(50) but the question is the same......

there is a red 14...... what will tomorrow's number most likely be......

equally important, did your answer change......h

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notice the 2 lime 1's to the right of the red 14 in the chart above...........

so what followed the red 14....... a 500 pip up move in the gbpjpy.....

was that gbpjpy chosen on purpose....... of course.......

was that gbpjpy move a slam dunk...... of course not......

so what's the point.....

for lack of a better way of explaining it, physics.... objects in motion tend to stay in motion until acted upon by an external force......

imagine knowing the count of every indicator/indication on every pair on every time frame..... knowing the count is not much good unless you know the average length of the counts per, pair-tf-indi....... assume you know that also.....

if the average eurusd 240 iAO run is 12 and current 240 count is a red 2, and the current 10080 count is a red 3 and 1440 count is a red 1........ do you really want to be buying......

we could slowly scroll thru all the charts checking every per/tf/indi....... personally, rather be out back running the sawmill......

if you had 100 indicators/indications, 90 would be just another way of saying the remaining 10...... if you took those 10, you could reduce them down to a dependable 5......

observing the count of those, on each tf, might be of value......h

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Much to digest - phenomenal dashboards hayseed ... as always... been working through your vids this weekend ... love your teaching style ... very encouraging and supportive...

I guess there are ways of doing this - and that you have to define what a reversal away from the count actually means - guppy’s type count back line; 3 bar reversal; 1 bar reversal; 100% retrace of previous move etc etc... how are you defining the reversal?

Then there is how far do you look back to get the average? .... is the average the most recent move for example.... or is it all the moves over 12 months... or 5 years..... actually there could be multiple counts... and interestingly there could be confluences of counts!!! Then of course there are Fibonacci numbers; Lucas numbers; square roots and square numbers; multiples of 6’s and so on...

I like the concept and would be interested to collaborate on it...

I see that the reversal is simply a change in angle from down to up or up to down...
i wonder whether tweaking this by thinking about average percentage moves as well and incorporating that somehow... as weights.

Finally I would just add one more thing... consider a moving average... say a 5 SMA set to close...
Each day, the candle that closed 5 days ago drops out of the running...
Therefore where that candle closed is an important level...
Why? A close above the close of that candle 5 periods ago will force the average higher, potentially turning it up and giving you lime cordial for the Diet Coke. If the candle closes below that average, you’re going to get red cherry coke.
so there is a pre-emptive set of levels that give the clue about the momentum level.

Dear Haiseed,
First, very thankful for your PM reply to me. appriciatated.
Second, I know this is 2023, and I'm late for 4 years from 2019.
Would you be kind enough to share this indicators of yours, and template together .
Thanks

Dear Hayseed,

Was able to get the all the indicators to a one folder ( with the updated ones )
thanks for them.
Will try from Monday and discuss more on your system
thanks.