The PRISM project

We are thankful to everyone who shows interest to the project! Questions, advises and points of view are greatly appreciated!
Sooner or later we are going to show an example of the successful trade in the real time here and after that speak in more detail about the stage of the project, and the stages that we expect it can reach in the future

Let's try this one

So, the trade is open and price already hit the first take profit. I've just lifted up stop loss to the opening-level, so this trade is already protected and profitable. The rest of the position may be closed on 1.29192 or on the stop-level, let's see...

Let's take a closer look at what was going on:
1. Price hits the Initial zone (reaches the red ribbon). After that we whait for a) price hits the Enter zone b) price crosses the 1-st aim zone
2. a-case happens. Price hit's the green ribbon. We are starting the trade (there were set a couple of orders to buy on this level). Now we were waiting for a) price crosses the 1-st aim zone and hits it's upper border or b) price crosses the Enter zone ad hit's the Break zone (it's were the stop los order was set)
3. And again the a-case happened, so we received profit!

Some time ago I posted model but price didn't reach it's level before time tracking time passed. But still, when price finally reached initial zone, it reversed. Sure it's not about making trade, just interesting...

Here is one more

And orders cancelled...

Here is the next potential deal:
sell - 120,516 to 120,567 - Depends on how conservative you prefer to be. I am not conservative and my personal trade is going to be opened at 120,516.
stop loss - 120,671
take profit 1 - 120,258 - for 1/2 of the position volume
take profit 2 - 119,728 - for another 1/2 of the position volume

Now a few words about the trading plan. The orders may be canceled if
1. after reaching the red zone, the price will return to the sky-colored zone before it reaches the green zone;
2. the price will cross the purple zone before it reaches the red zone;
3. the price does not reach the level of the red zone before the distance in time equal to the distance between the red vertical lines, laid back to the future from the point of intersection of the model lines, is overcome.

I was into it for many years myself and I don't think it's fun, because despite a lot of experience I made mistakes and missed some models

That's what I wrote)

Right now stop loss is not reached, but almost imminent. We closed the position with some loss...
imminent

So, here is what got: successful prognoses with still an unsuccessful trade...

Finally! Free technical analysis service prsms.org has recently been launched!
The service allows you to view the technical analysis models of the TAvsDM system on various timeframes and instruments. The basic idea of the interface is simple: each row in the table corresponds to a model. Click on the line and you get an interactive chart (which you can move with the mouse, zoom in/out). There are 2 tabs at the top. In the 1st one called "Actual Charts" there are models which may be used are not too late to trade, and in the second — those that are already working out/worked out or vice versa did not work out. Follow the link below for a screencast with a demonstration of how it works on a smartphone

g.recordit.co/EfjNkyxOlY.gif


When you use a wide screen (laptop) — on the right, or at the bottom if a mobile device is used, there are tabs with additional content. Right now there isn't much information, but over time there will be more, as well as additional functionality. The site is being developed and at the moment only the basic functions are presented. Our team is thinking about many different possible options in future. I will write about the ideas we have. I also hope that some of you will come up with suggestions of what we can add And one more thing: the table is still updated by refreshing the page Well, you know - ctrl+r in most browsers

We built the service around the idea of trading from the forecasted levels of reversal, which are called "forecasted 6th point levels" or simply "calculated 6th". Models that contain calculated 6th may indicate a trend reversal or correction that is going to happen near the calculated 6-th level.

As soon as it becomes possible to calculate the level of the forecast 6th point, we can set a sell order (for ascending models) or a buy order (for descending models) from this level. However, the price does not always reverse from the level of the 6th. In which cases this event is expected, and in which it is not-this is one of the most important questions that you need to find an answer to successfully trade the forecasted 6th's.
In addition, the reversal from calculated 6th often is not perfectly accurate. There are both under-runs and over-runs for calculated 6th. Therefore, important questions that must be answered to trade with this system is
- what is considered to be inaccuracy;
- what is a "failure" or "breakdown" of the calculated 6th.
1. the level of approach to the "level of calculated 6th point" or "the 6th approach level" — it is the level lying before the level of the forecast 6th;
2. "the breakdown level" is the level lying behind the forecast 6th.

It is also important to say that in order to facilitate and optimize the work, we have made it a rule that it is necessary to make a decision on entering into a transaction before the price reaches the level of approach to the level of the forecasted 6th.
The "Actual models" tab contains models that can be used to make a decision about entering into a transaction. Models that have a level of approach to the 6th point not yet reached, are in this tab. Models in which the level of approach to the 6th point is reached are located in the Archive tab.
Often the price does not reach the level of the approach to the 6th at all. In this project, at the moment, we have assumed that if the price went 70% in the opposite direction from the forecasted 6th level before the level of the approach to the forecasted 6th is reached, then this model is also goes to the Archive tab. The 70% level is what we call "the 6th point loss level" or "the 6th point achievement cancellation level".

The list of models that are built by the service includes:

1. Expansion Model (EA). This model is characterized by 2 lines diverging from left to right. Here are some schemes of subtypes of this type of models:

2. Dynamic Balance Model (DBM). These models lines are close to parallel to each other. Schemes of this model's subtypes are close the previous type:

3. EM/DBM - the abbreviation repeats names of the two previous types. This is a model that has divergent lines, but they diverge quite smoothly.

4. Attraction Model (AM) — линии данных моделей сходятся слева направо (в будущем). Here are schemes:


5. AM/DBM - lines of these models converge from left to right, but also as in EM/DBM case, the angle between the lines is not sharp enough.

6. Wedge. A distinctive feature of this type of model is that the lines of such models are multidirectional (the first-one goes up, the second-one goes down, or vice versa). For all the previously mentioned models, the lines may have a different angle, but they always go either up or down for the same model. The wedge lines also converge from left to right and intersect to the right, but they have opposite directions (up and down).

7. External Attraction Model (EAM). A distinctive feature of this model is that one of it's lines is built not from the current, but from the previous trend. The model has lines converging from left to right.

Once again, as the following is important: almost all of these models at the intersection of the lines with which they are constructed, give a level that in some cases allows you to predict the level of reversal or correction of the trend with high accuracy. Let me remind you that this level is called the level of the calculated 6th point.

On the chart below, this level is 77.80898. As you can see, there was a price reversal near it.

Now let's talk more about the contents of the table which you can see on prsms.org.

1. The first column (without the header) is simply the ordinal number of the model in the table.

2. ID is a unique model number that allows you to identify the models in the list and search for them using the search field "searchId". Let me remind you that the models sooner or later goes into the second tab, so if the model is not found in Actual Models, look among the archived ones.
You may click "Tips" tab (it's on the right of the screen or at the bottom if you use mobile device) and then click "2. How to use "Search ID"-field" to see the screen cast how to use search ID field.

3. and 4. The Date and Time columns contain information about the date and time of the 1st point bar (and for EAM models, the 3rd point bar).

5. The Age column contains a number that shows how many bars there are between the 4th point of the model and the latest bar on the chart.

6. Symbol - this column reflects the name of the financial instrument on which the model is found.

7. Model — the type of model. Model's types described in one of the previous posts.

8. TF — information about the timeframe of the chart, on which the model is found.

9. Buy/Sell-here you can specify the type of signal that is considered for this model. So far, the service "knows" only one trading idea: to trade for a trend reversal from the 6th point level (possibly in the future the list will be expanded). Thus, the ascending models give a Sell signal, and the descending models give a Buy signal.

10. Open — I've already told about the level of approech to the 6th point that is located near the level of the calculated 6th point.
It is calculated as 6% of the model size, deferred from the calculated 6th point towards point 3. The model size is the vertical distance between point 3 and the calculated 6th point (the exception is the Attraction Model (AM), for which model size is the distance from the calculated 6th to the 1st point of the model).

11. Column P6 contains the level of the calculated 6th.

12. Stop Loss — this level is calculated as 6% of the size of the model, but postponed towards the breakdown of the level of the calculated 6th point. Actually, this is the "breakdown level". Its achievement means that the level of the calculated point 6 did not work. The name of the column speaks eloquently about its role.

Then there are 4 columns that offer 4 options for goals, i.e. levels at which you can fix profits. Using our experience, we decided to calculate them as 30%, 50%, 80% and 120% of the model deferred from the calculated 6th towards level of the 3rd point.

All these levels are shown on the chart, but can be disabled by using the check - boxes at the top right of the chart. There are diffrent one's, I'll make them more clear later, but you may try, they are easy

Ok, guys, let me know, what you think about this train?

It is an interesting approach. I think acceptable results are waiting for you.

Right now trying luck on this beauty, ID 543435