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Student of Socrates (SoS)

  • #21
  • Jan 10, 2020 8:01am Jan 10, 2020 8:01am
Quoting Geester
{quote} Ahh, thanks. I missed that completely. So, the channel colours are all "fixed".
Yes, well I didnt cover what the colors mean anywhere, my bad. Its not that important, Its more to visually seperate them rly.
  • #22
  • Jan 10, 2020 8:06am Jan 10, 2020 8:06am
Quoting Geester
Is there a specific approach that the indicator takes to determine highs and lows on which to base the channels? The Socrates document has rules to take out the ambiguity of drawing the trend lines but there are different determinations of what constitutes a bar pattern for a high and a low. Interested to understand how SoS deems a high/low pattern. Thanks
haha i like your curiosity! Thats good sign
Well, that was the hardest part to code with this indicator....many many hours went in to getting that right.
It would be too much text for me write and explain really, sorry...but for now "how the indicator identifies these points" have to be something for the future maybe
  • #23
  • Jan 10, 2020 8:11am Jan 10, 2020 8:11am
Quoting StudentofSoc
{quote} haha i like your curiosity! Thats good sign Well, that was the hardest part to code with this indicator....many many hours went in to getting that right. It would be too much text for me write and explain really, sorry...but for now "how the indicator identifies these points" have to be something for the future maybe
No worries at all! I fully understand if it's too complex to understand or quickly explain. In my past journey, I've drawn three-bar swing patterns, Gann 2-bar swing highs/low, Bill Williams 3 and 5 bar fractals. I'm afraid I must have become a bit OCD about how highs/lows are considered as "formed"!
  • #24
  • Jan 10, 2020 8:14am Jan 10, 2020 8:14am
Quoting StudentofSoc
{quote} Yes, well I didnt cover what the colors mean anywhere, my bad. Its not that important, Its more to visually seperate them rly.
I more meant the ability to change the colours of these channels (via inputs) if the fixed colours don't suit your chart's colour scheme. But, you're right, it's a minor detail.
  • #25
  • Jan 10, 2020 8:18am Jan 10, 2020 8:18am
Quoting Geester
{quote} No worries at all! I fully understand if it's too complex to understand or quickly explain. In my past journey, I've drawn three-bar swing patterns, Gann 2-bar swing highs/low, Bill Williams 3 and 5 bar fractals. I'm afraid I must have become a bit OCD about how highs/lows are considered as "formed"!
Understanbale, as you should be The market is extremely precise.
- The approximate present does not approximately determine the future.
  • #26
  • Jan 10, 2020 8:19am Jan 10, 2020 8:19am
Quoting Geester
{quote} I more meant the ability to change the colours of these channels (via inputs) if the fixed colours don't suit your chart's colour scheme. But, you're right, it's a minor detail.
ahh, I will fix that in future versions, no problem
For now it is hard-coded.
  • #27
  • Jan 10, 2020 8:23am Jan 10, 2020 8:23am
Quoting StudentofSoc
{quote} ahh, I will fix that in future versions, no problem For now it is hard-coded.
Awesome!
  • #28
  • Jan 10, 2020 8:58am Jan 10, 2020 8:58am
USD/CHF Long Term Anlysis #Watchlist
Here we have a potential sell-setup for the future, I am adding this pair to our watchlist.
I will update it later on as we see how price acton develops.
Attached Image (click to enlarge)
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  • #29
  • Jan 10, 2020 9:11am Jan 10, 2020 9:11am
Quoting StudentofSoc
USD/CHF Long Term Anlysis #Watchlist Here we have a potential sell-setup for the future, I am adding this pair to our watchlist. I will update it later on as we see how price acton develops. {image}
Btw, I spotted this potential set-up through the Capital Flow Model.
Attached Image (click to enlarge)
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  • #30
  • Jan 10, 2020 9:26am Jan 10, 2020 9:26am
Quoting StudentofSoc
USD/CHF Long Term Anlysis #Watchlist Here we have a potential sell-setup for the future, I am adding this pair to our watchlist. I will update it later on as we see how price acton develops. {image}
On the W1 chart, current price action does not seem to be in any channel at the moment. Is my observation correct and is that "normal"? Thanks.
  • #31
  • Jan 10, 2020 9:39am Jan 10, 2020 9:39am
Quoting Geester
{quote} On the W1 chart, current price action does not seem to be in any channel at the moment. Is my observation correct and is that "normal"? Thanks.
Correct, thats one of the reasons we went lower in time frame.
If we expect price to move lower, then we want to know where resistance is, we could not see it on the weekly so we went to daily... we also need to know in what ANGLE price is moving lower. All this info was provided on the daily time frame. Note: This setup is of interest because look at the angle, is so steep! = big profit/low risk.
  • #32
  • Jan 10, 2020 9:43am Jan 10, 2020 9:43am
Quoting StudentofSoc
{quote} Correct, thats one of the reasons we went lower in time frame. If we expect price to move lower, then we want to know where resistance is, we could not see it on the weekly so we went to daily... we also need to know in what ANGLE price is moving lower. All this info was provided on the daily time frame. Note: This setup is of interest because look at the angle, is so steep! = big profit/low risk.
Great stuff! That makes sense now
  • #33
  • Jan 10, 2020 9:46am Jan 10, 2020 9:46am
Quoting Geester
{quote} Great stuff! That makes sense now
Thanks, perfect! I am so happy your getting it.
All we are trying to do is reveal the hidden order that exists within the market and find low risk entries.
  • #34
  • Jan 10, 2020 9:50am Jan 10, 2020 9:50am
Quoting StudentofSoc
I have made a Capital Flow Model which can be used to identify emerging trends and potential breakouts in the FX market. It analyzes the incoming and outcoming capital flow of the 8 major currencies; EUR, USD, CAD, AUD, NZD, CHF, GBP and JPY. ...a great tool to help traders find opportunity on all time frames! You can double-click on the symbols in the panel to immediately open the chart. In settings, write the name of the template you want charts to open with. This Model will be merged with SoS in the future and will write its own commentary for...
Is there a way to open multiple instances on 1 chart
  • #35
  • Jan 10, 2020 9:54am Jan 10, 2020 9:54am
Quoting cfudge
{quote} Is there a way to open multiple instances on 1 chart
Not sure I understand what you mean with instances, if you are refering to time frames then no, not at the moment.
You can set it up like this tho...

Let me know if I understood correctly
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  • #36
  • Jan 10, 2020 9:58am Jan 10, 2020 9:58am
Quoting StudentofSoc
{quote} Not sure I understand what you mean with instances, if you are refering to time frames then no, not at the moment. You can set it up like this tho... Let me know if I understood correctly {image}
Thanks for the reply..Yes I wanted to open multiple TFs on one chart. I can see that is not how the indicator works, so I will do it as you suggested

Chris
  • #37
  • Jan 10, 2020 9:58am Jan 10, 2020 9:58am
Quoting StudentofSoc
USD/CHF Long Term Anlysis #Watchlist Here we have a potential sell-setup for the future, I am adding this pair to our watchlist. I will update it later on as we see how price acton develops. {image}
Actually lines up with a potential daily breaker block too:-

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  • #38
  • Jan 10, 2020 10:02am Jan 10, 2020 10:02am
Quoting Geester
{quote} Actually lines up with a potential daily breaker block too:- {image}
Exactly, very nice!

One could see this as a supply area lining up with the channel.
Your starting to get it , all about alignment
  • #39
  • Edited 10:44am Jan 10, 2020 10:28am | Edited 10:44am
For those who are still long in the AUD/JPY trade, you might see price forming a high @ current price as there is a strong alignment from a cyclical perspective.
Have a look at this screenshot of the Daily chart to the right and H1 chart to the left.
Its more than likely that we will, at least, see a reaction to the downside. Its not a bad idea to take profits and cover.
Attached Image (click to enlarge)
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  • #40
  • Jan 11, 2020 10:31am Jan 11, 2020 10:31am
The next turning point in the ECM occurs on the 18th, next saturday.
Market opens on Monday the 20th, which is lining up with the arrays on DOW.

There is a very big chance of a high forming on the 20th, followed by a strong correctional move down to test cyclical support @ the 22700 area.

Looking at the weekly chart, there is a 9 exhaustion pattern, warning that the market is out of energy.
A weekly break and close below the channel this next week would indeed be very bearish.

Very interesting and prosperous times ahead!
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