An interesting idea here. Could be used to improve strategies that fail due to change of market conditions.
k
https://m.youtube.com/watch?v=paiduNJNH1U
k
https://m.youtube.com/watch?v=paiduNJNH1U
- #102
- Nov 14, 2017 10:52am Nov 14, 2017 10:52am
- Joined Feb 2014 | Status: ember | 1,268 Posts
An interesting metaphor, from the booklet The Egg of Columbus of G. Bayer (PDF easily found on the net). He postulates a standard pattern of growth and decay of stocks and commodities. He (with some humour) compares it to the course of the dinner (bull phase), and later relieving at the toilet (bear phase). Overall it looks like an Elliott wave pattern.
- #103
- Nov 14, 2017 10:54am Nov 14, 2017 10:54am
- Joined Feb 2014 | Status: ember | 1,268 Posts
A countertrend trade in oil today inspired by this pattern.
- #104
- Nov 14, 2017 11:11am Nov 14, 2017 11:11am
- Joined Feb 2014 | Status: ember | 1,268 Posts
Added a trade in the white wine phase (first pullback):
k
k
- #105
- Nov 14, 2017 11:46am Nov 14, 2017 11:46am
- Joined Feb 2014 | Status: ember | 1,268 Posts
The same pattern occurs on the weekly tf.
- #106
- Nov 14, 2017 12:37pm Nov 14, 2017 12:37pm
- Joined Feb 2014 | Status: ember | 1,268 Posts
Added a bit more on the red wine part of the pattern (second pullback). Will exit soon.
- #107
- Nov 14, 2017 2:04pm Nov 14, 2017 2:04pm
- Joined Feb 2014 | Status: ember | 1,268 Posts
The guest was in the mood for red wine, I kept the position open. Now the neck is showing up. Time for a burst upwards (champagne) and then reversal pattern (desert of the dinner).
k
k
- #109
- Nov 15, 2017 4:21am Nov 15, 2017 4:21am
- Joined Feb 2014 | Status: ember | 1,268 Posts
I relied on s/r lines for quite some time now, but have always been nervous about it. It requires continuous monitoring of the charts. I think I may have found the time element that I was looking for, allowing me to make educated guesses when the bounces would happen. It is an indicator as old as the hills, and it appears to work: the pitchfork.
See below an example of a pitchfork/support line cross in oil yesterday evening. Both were drawn ahead of the time of bounce.
Cheers,
k
See below an example of a pitchfork/support line cross in oil yesterday evening. Both were drawn ahead of the time of bounce.
Cheers,
k
- #110
- Nov 15, 2017 5:34am Nov 15, 2017 5:34am
- Joined Feb 2014 | Status: ember | 1,268 Posts
Price decided to go down there, and has triggered the s/l for a small overall loss. Will be interesting to see whether this creates a larger-scale similar pattern tomorrow. k
- #111
- Nov 15, 2017 5:39am Nov 15, 2017 5:39am
- Joined Feb 2014 | Status: ember | 1,268 Posts
I relied on s/r lines for quite some time now, but have always been nervous about it. It requires continuous monitoring of the charts. I think I may have found the time element that I was looking for, allowing me to make educated guesses when the bounces would happen. It is an indicator as old as the hills, and it appears to work: the pitchfork. See below an example of a pitchfork/support line cross in oil yesterday evening. Both were drawn ahead of the time of bounce. Cheers, k {image}
k
- #112
- Nov 15, 2017 10:59am Nov 15, 2017 10:59am
- Joined Feb 2014 | Status: ember | 1,268 Posts
{quote} The pitchfork, basically an imaginary line on the screen (but drawn according to rules), becomes a price support. Random market my ass. k {image}
k
- #113
- Nov 15, 2017 3:04pm Nov 15, 2017 3:04pm
- Joined Feb 2014 | Status: ember | 1,268 Posts
An interesting metaphor, from the booklet The Egg of Columbus of G. Bayer (PDF easily found on the net). He postulates a standard pattern of growth and decay of stocks and commodities. He (with some humour) compares it to the course of the dinner (bull phase), and later relieving at the toilet (bear phase). Overall it looks like an Elliott wave pattern. {image}
k
- #114
- Nov 19, 2017 8:15am Nov 19, 2017 8:15am
- Joined Feb 2014 | Status: ember | 1,268 Posts
For pinpoint entry I really like using twoblink's "high quality reversals" on low tf (~ 5 min) at the S/R levels (fresh supply/demand, S<->R, etc).
k
k
- #115
- Nov 20, 2017 1:46pm Nov 20, 2017 1:46pm
- Joined Feb 2014 | Status: ember | 1,268 Posts
Chart dump. Awaiting oil price rise, bored and programming new shiny indicators. 
- #116
- Nov 21, 2017 4:44pm Nov 21, 2017 4:44pm
- Joined Feb 2014 | Status: ember | 1,268 Posts
Awaiting oil price rise, bored and programming new shiny indicators.
- #117
- Feb 11, 2018 7:35am Feb 11, 2018 7:35am
- Joined Feb 2014 | Status: ember | 1,268 Posts
{quote} Interesting to compare the Dow with the Bayer’s pattern. As far as I can see, we are in the “champagne” phase... (Some time ago I calculated the resistances in Dow to be 25000 and 29370.) Hope I am not correct on this. k {image}
Hopefully Trump’s corporate tax reform wins this market test. Last crisis (pullback to Dow uptrend) shattered much of southern EU economies...
- #119
- Edited 6:11am Feb 18, 2018 5:50am | Edited 6:11am
{image}
Price on your picture is at left side (Y axis), and time on the bottom side (X axis), if i understand it correctly. Beginning of the image is just pure candle stick or bar chart, and you try to add angles lines and squares line on it. Not understand how do you choose the octave, i assume it is from Zero percent to 100 percent scaling, and divide it with 8 ??
If i look at Murrey Math calculation, there are spare -1/8 and -2/8 range at bottom, and +1/8 and +2/8 at top of the range, so total are 12 lines. Is it the reason ?
Time are also important besides price calculation, and i do not understand why there is jumping time ? Note that time series are in one, two, three years duration are acceptable, ex : 2011, 2014, 2017 are the three years duration of time series Exists. Why we choose this duration ?
Does it mean that next month the price will go to around 20,750 may be ?? Just trying to understand your image, i can be wrong though. Any explanation is really appreciated.
Today is not too hot, so have a nice day ...
Good friends are more valuable than gold ...
- #120
- Edited 11:21am Feb 18, 2018 6:54am | Edited 11:21am
- Joined Oct 2017 | Status: Trader | 12,472 Posts