Ramblings of a Data Scientist!

Hmmm...the chart should be called "stick to your lane." I still read traders' comments on various websites (not on FF obviously) about the silliness of predictive technologies in trading. Same traders jump up and down expecting accolades after scoring 5 to 10 pips after a morning's work. Predictive technologies score that per hour, son...hence stick to your lane, keep the mouth shut and comment about what you know.

Mission extreme compounding is on!

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10:00 - Reversal zone:trend mode.
10:17 - Reversal zone:trend mode.


I understand Sooth trend mode betters o I should be able to better profit from it in the future.

Only focusing on the trend mode. Whenever Sooth slow goes to 0 or 110 and presses against it for a period of 2-5 minutes (black circles), it essential not to open trades until Sooth slow go above 10 for longs and below 90 for shorts. This is also the point at which long/shorts trades would be closed to capture most of the trend. This isn't 100% as the red circle depicts. Whenever Sooth slow reverses quickly (blue circle) it is safe to trade the fast Sooth when it passes the respective levels mentioned above.


Naturally, trade mode is a setup in it's own right. Entering long when Sooth slow has hit 100 and stayed there for a few minutes. However, I need to master one set of rules at a time.

10:49 - Reversal zone:trend mode.
10:53 - More work is needed but visually it looks as though trend modes last between 1 to 2 hours. If that is the case there should be a change in direction in 6 minutes.

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11:06: Confirmed trend reversal.

11:21: -10 pips...back in reversal zone. Waiting for short confirmation.

11:29: Reversal zone: trend mode...trend mode setups are a trade in their own right but I can only master one setup at a time so waiting for confirmed reversal signal.

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11:41 - Confirmed reversal. If this trades fails, I'll be done for the rest of the day placing trades. 2 consecutive loss limit.

If the trade goes well: TP1 2384, TP2 2328.

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11:59:---Stopped -10pips. I done training today. Two consecutive losses BUT I'll take days of +150 pips and the odd (hopefully) days of -20 pips 24/7/365.

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12:14: Reporting: it's a confirmed reversal again.

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13:12: Price often extends to FE134 then pull backs before continuing.

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Only Sooth very fast made it into the reversal zone. I am not sure what the significance is.

13:39: Either way accoring to Sooth rules developed so far, it is still on the way down.

Getting closer: Based on Sooth also including trend mode and reversals outside the reversal areas.

14:02: Since the model includes all tradable facets of Sooth. I will start to train using the model although I will continue to report reversal/trend mode etc. Although the model may not take a position in the reversa zone.





14:08: Reversal zone: trend mode.

Confirmed reversal.

Yeah, the tendency is to get stuck prioritizing the forecast/future over the present. Larry Pesevento(?) said it best.. "It's not about predicting the future. It's about recognizing when the future has arrived and trading accordingly."

http://content.screencast.com/users/JR97_4x/folders/Default/media/9bf8201a-f017-47a6-8bba-8f40a4feccb4/559%20Jan.%2030.gif

Reversal zone: trend zone mode: Expect reversal to the upside.

I agree completely. Few (if any) financial forecasts are 100% accurate over the long run. I like the wave chart so thanks for posting it, it would have certainly helped to time the long exit and short entry.. I'll look into Larry Pesevento.

16:01: I find trend mode very difficult to trade, or rather, it is difficult to pull the trigger. I am now used to seeing the price reverse strongly from the reversal zone so going short when Sooth is in short trend mode and also in the reversal area is challenging for me at present.

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16:10: Confirmed reversal.

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16:19: Revamped Sooth signal is still short.

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16:23: Reversal zone: S Trend mode.


TPs remain valid.


Today's long offer that can't be refused is 2272, SL 30pips.

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TP1: Price supported by 23839. I can live with a 0.1 pip fudge error. Common sense?


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Confirmed trend reversal.

Sooth Signal still short. A bit strange the signal is still short.

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18:13: Weird!!! Sooth events occur in exactly 60 minute increments.

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18:32: I'm please the Sooth signal didn't get shaken out from the short position even when the price reverse (confirm trend change-red line). However, I am curious about whether it will provide a timely exit or long should the price go up suddenly.

Mate ,
the time you use is GMT ? i.e. 3 hours ahead of NYork =EST] ?

I use EST on my charts and I don't get any avail out of your effort unforunately...

Kind regards.

Okay. Why did you write this? I'm more interested in ME getting avail' from my efforts otherwise I'd be in interactive trading rather than working on my journal.

But thanks for posting anyway.

Pleased Sooth signal has finally given a long. Further comforted that it is a logical position although it may yet prove a loser. If the Sooth signal has managed to ignore a false micro trend and then gone long at the correct one, it's potentially a big deal and will bode well for tomorrow.

Assuming I am correct about the power of the Sooth Signal and basically why I'm refining and polishing it on this journal. There is no point go any further back than the 22nd because the equity just becomes more ridiculous than what's on the chart at the moment.

19:44: Reversal zone.

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Confirmed reversal.

Sooth signal still long

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Done!

So weird!

On the 25th Jan' Sooth was in the right direction for both the high impact news and also the surprise news (Trump). I am curious whether it will be in the right direction for the upcoming news.



13:13

Today's short offer that can't be refused is 2533, SL @ 30 pips

Bored! Waiting for a long signal.

Sooth has left the reversal zone and is heading up. This is bullish.

Still no long signal although Sooth is bullish.