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Student of Socrates (SoS)

  • #161
  • Edited 8:52pm Jan 20, 2020 8:35pm | Edited 8:52pm
US30 Quick Analysis/Outlook
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  • #162
  • Jan 20, 2020 11:27pm Jan 20, 2020 11:27pm
Two great articles on Chaos Theory and Cycles,

Chaos Theory - You Can Map Any Market to Reveal The Hidden Order
Understanding Cycles
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  • #163
  • Jan 21, 2020 3:59am Jan 21, 2020 3:59am
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...
Hi Mrs Student Socrates

The indictaor does not open any currency pair. Is it because my chart currency pairs after the name have the symbol +, (EURUSD +)?
I am also unable to choose currency pairs. The indicator does not show this functionality.
If you can help I would be very grateful
Best Regards
  • #164
  • Jan 21, 2020 4:07am Jan 21, 2020 4:07am
Quoting jjibl
{quote} Hi Mrs Student Socrates The indictaor does not open any currency pair. Is it because my chart currency pairs after the name have the symbol +, (EURUSD +)? I am also unable to choose currency pairs. The indicator does not show this functionality. If you can help I would be very grateful Best Regards
Have you tried scanning all time frames? No result ?
  • #165
  • Jan 21, 2020 4:32am Jan 21, 2020 4:32am
Yes. I think which is because the currency pairs have the + sign. I say this because in some indicators to work I have to change and put the +
regards
  • #166
  • Jan 21, 2020 4:36am Jan 21, 2020 4:36am
Quoting jjibl
Yes. I think which is because the currency pairs have the + sign. I say this because in some indicators to work I have to change and put the + regards
Then this must be the case, if you get no result then the "+" is the issue.
Sorry, I am not able to fix it for you. You would have to use a different broker.
  • #167
  • Jan 21, 2020 4:46am Jan 21, 2020 4:46am
Chart of Gold, Trap Move + Sell Signal on same bar. This is a 10/10 Signal.
Going to make a scanner + EA for this pattern and other 10/10 patterns!
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  • #168
  • Jan 21, 2020 4:20pm Jan 21, 2020 4:20pm
@Studentof Socrates

Which are the most reliable signals to follow on daily timeframe from your experience??

Do you have any statistics related to this method?

Thank you.
  • #169
  • Jan 21, 2020 4:31pm Jan 21, 2020 4:31pm
Quoting baxter01
@Studentof Socrates Which are the most reliable signals to follow on daily timeframe from your experience?? Do you have any statistics related to this method? Thank you.
Depends on the alignment. Most reliable but very rare is the Trap Move + Reversal Signal on same bar.
Also a 9+13 on the same bar followed by a reversal or trap move.

Its important where this happens too. So its not that straight forward. Just think alignment
You want a steep cylce too.

I have no statistic I can share.
  • #170
  • Jan 22, 2020 3:06am Jan 22, 2020 3:06am
@StudentofSocrates

Please allow me an additinal question.
I see Stoch and RSI Indicator on your charts.
Do you really rely on them??
From my point of view there is no overbought or oversold in Forex different to Stocks.
What is your experience and how do these indicators take part in your decission to take a trade??

Thank you for your patience.
  • #171
  • Jan 22, 2020 4:25am Jan 22, 2020 4:25am
Quoting baxter01
@StudentofSocrates Please allow me an additinal question. I see Stoch and RSI Indicator on your charts. Do you really rely on them?? From my point of view there is no overbought or oversold in Forex different to Stocks. What is your experience and how do these indicators take part in your decission to take a trade?? Thank you for your patience.
Exactly, there is no such thing as overbought or oversold!

I do not act on them, Stochastics is a good tool for knowing if a rally/drop is sustainable or not.
Example; Divergence.

RSI is for knowing if cyclical support/resistance is encountering strong or weak momentum.
Example; If we are testing resistance from below and RSI is below 60 then I know to look for a reaction to the downside. If it is above 60 then momentum is high and a break above resistance is likely.

https://www.armstrongeconomics.com/a...firming-tools/
  • #172
  • Jan 22, 2020 6:09am Jan 22, 2020 6:09am
@StudentofSocrates

Thank you for answering.
I think I got it why you look at Stoch and RSI.

To be honest I have a little problem wiith support and resistance the classical way.
Every BIG PLAYER can see what most Retail Traders will react to.
It looks like an invitation to take our money by building these traps.
When I understand your concept the correct way we should then better talk about " cycles break "
indipendent from classical S/R lines only driven by price action.
Is my understanding ok so far?
Thank you
  • #173
  • Jan 22, 2020 6:13am Jan 22, 2020 6:13am
Quoting baxter01
@StudentofSocrates Thank you for answering. I think I got it why you look at Stoch and RSI. To be honest I have a little problem wiith support and resistance the classical way. Every BIG PLAYER can see what most Retail Traders will react to. It looks like an invitation to take our money by building these traps. When I understand your concept the correct way we should then better talk about " cycles break " indipendent from classical S/R lines only driven by price action. Is my understanding ok so far? Thank you
Yes, simply look at the cycles, they reveal so much about the market...the angle...support/resistance...breakouts... and so on
  • #174
  • Jan 22, 2020 10:49am Jan 22, 2020 10:49am
SoS US30 Trade Recap
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  • #175
  • Jan 25, 2020 8:09am Jan 25, 2020 8:09am
SoS Weekly Report
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  • #176
  • Jan 25, 2020 9:09am Jan 25, 2020 9:09am
Hi SOS,
Thank you for sharing.
Interesting and creative new approach to trading.
Have read the entire thread. Seems straight forward to run the indicator. Perhaps, I missed something on how to configure.
Loaded ver 1.25 on H1 chart. No lines.
Don't think the markets have to be open for the indicator to work.
Any suggestions?
Thank you.
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Perfidious Pips
  • #177
  • Jan 25, 2020 9:21am Jan 25, 2020 9:21am
Discovered the problem.
SOS uses another indicator (ZigZag.ex4) which has to be in the Indicator folder at top level.
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File Type: ex4 ZigZag.ex4   6 KB | 247 downloads
Perfidious Pips
  • #178
  • Jan 25, 2020 9:25am Jan 25, 2020 9:25am
Quoting StudentofSoc
US30 Quick Analysis/Outlook {image}
system like trendline breakout ?
Telegram - FxRilix
  • #179
  • Edited 11:02am Jan 25, 2020 10:49am | Edited 11:02am
Quoting northwind
Hi SOS, Thank you for sharing. Interesting and creative new approach to trading. Have read the entire thread. Seems straight forward to run the indicator. Perhaps, I missed something on how to configure. Loaded ver 1.25 on H1 chart. No lines. Don't think the markets have to be open for the indicator to work. Any suggestions? Thank you. {image} {image}
Thanks,
I am looking forward to hear what you have to say about SoS in a week or so.
  • #180
  • Jan 25, 2020 11:29am Jan 25, 2020 11:29am
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Currently up 81 pips on EU. The price action is respecting the cyclical channels with eerie accuracy. Quite reassuring when this happens.
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