The riddle... If You solve this, we will be rich | Forex Factory

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The riddle... If You solve this, we will be rich

  • #1
  • First Post: Sep 29, 2020 5:23am Sep 29, 2020 5:23am
Hi guys, simple riddle for You. I'm actually thinking about this for more than 5 years. But still... NEVER EVER got this done. Look at pictures. This indicator never repaints. What You see is what you got.

Without this indicator, You cannot see those levels.

Few questions will still appear.

 

  1. What happened before these "spikes" appeared?
  2. Why some of them work immediately like a "holy grail"?
  3. Why some of them does not work immediately and we need to use them later?


If anyone of You guys got this right, I'll share how is it done and where it works best. With this any TimeFrame could be tradable without SL, since price will reverse immediately.

Last picture speaks for itself... It is proof that such levels exists on ANY TF. Our work is to FIND them or WHY they happen.

Enjoy another mystery... I kinda surrendered... Maybe I will just never understand why this happens and when... If it's about time, price, day of the week... It's just mystery.

Have fun guys and see You later,

SF

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  • #2
  • Sep 29, 2020 6:10am Sep 29, 2020 6:10am
This is fun!
Any prizes for guessing the indicator? I can see why it doesnt repaint.
How did you offset the values?
  • #3
  • Sep 29, 2020 6:24am Sep 29, 2020 6:24am
It will be really hard to help you if you don’t say something more about it.
It’s not necessary to share it, but what is the indicator showing us? how and when did you draw trend lines?
The past is already gone, the future hasn't arrived yet
  • #4
  • Sep 29, 2020 6:36am Sep 29, 2020 6:36am
Quoting obiwandax
This is fun! Any prizes for guessing the indicator? I can see why it doesnt repaint. How did you offset the values?
It is "literally" just offsetted price. This means up/down by X points or by % also possible. Never tried thought. Indicator also possible to download, check my first(?) thread. Yeah should be first. Multiple versions available. From kind members of FF.
  • #5
  • Sep 29, 2020 6:43am Sep 29, 2020 6:43am
Quoting Arty76
It will be really hard to help you if you don’t say something more about it. It’s not necessary to share it, but what is the indicator showing us? how and when did you draw trend lines?
If you check the indicator lines and price, You will find that it is 90% similar. Sometimes divergention happens, sometimes not. But it is not about divergention here. When You offset the price, sometimes points will appear where price reacts immediately. That is HIGH or LOW.

About Trendlines... You can create any TL You want. Just exactly what you do with price... But TL's works like only sometimes. I don't have actually settings for drawing TL. Only horizontal lines. That trendline on picture is just pure luck. Those two points on picture will not appear every day.

SF
Attached Image
  • #6
  • Sep 29, 2020 7:18am Sep 29, 2020 7:18am
Quoting SilentFather
{quote} If you check the indicator lines and price, You will find that it is 90% similar. Sometimes divergention happens, sometimes not. But it is not about divergention here. When You offset the price, sometimes points will appear where price reacts immediately. That is HIGH or LOW. About Trendlines... You can create any TL You want. Just exactly what you do with price... But TL's works like only sometimes. I don't have actually settings for drawing TL. Only horizontal lines. That trendline on picture is just pure luck. Those two points on picture...
so this is a simple offset. Ok!

Would be too easy to say: ” so sometimes the price reacts, sometimes not......like all indicators, nothing new”.
But I don’t think so. There are real solid reasons why it happens.
Different is to find the way to use it.
There are a lot of reasons we could discuss, but the right question, for my way of thinking, is:”how and when can I define that price reacted at that levels? (and not will react)”.
If we think about offset, what does it means? A continuation of a movement under certain parameters, possible projection of the future. So, when do you have a statistical edge?
The past is already gone, the future hasn't arrived yet
  • #7
  • Sep 29, 2020 8:01am Sep 29, 2020 8:01am
Quoting Arty76
{quote} so this is a simple offset. Ok! Would be too easy to say: ” so sometimes the price reacts, sometimes not......like all indicators, nothing new”. But I don’t think so. There are real solid reasons why it happens. Different is to find the way to use it. There are a lot of reasons we could discuss, but the right question, for my way of thinking, is:”how and when can I define that price reacted at that levels? (and not will react)”. If we think about offset, what does it means? A continuation of a movement under certain parameters, possible...
Yes, I thought someone will say that. It is partially true actually. Sometimes it works, sometimes don't. Sometimes I thought that price reacted how reacted because of VOLATILITY. But I do it all manually. So it is kinda hard to watch for example 4 charts with 2 or more timeframes. Oh my friend forgot to say this. Volatility is also used. It is in the calculation. Will probably rewrite the indicator one more time thought. I want to add few more automatic things that could help finding working reversal points.

Well thinking about it... We cannot say about this indicator it works sometimes, sometimes not. It works all the time actually. This indicator is just doing its job. How we will use it is our problem. I was profitable with it. Done 50 USD to 140 in 30 days but trading days were only like 4 or 8. But it is just too messy now. That's what I wish to fix. Edge is somewhere on the chart. Hard to say what edge we have with this. It's hard to explain. I might say that I see levels where price CAN reverse. I just need to pick one. And this is wrong. Exactly what I want to fix. There is much more potential.

SF
  • #8
  • Sep 29, 2020 9:29am Sep 29, 2020 9:29am
Sure, indicators always do their work and the difference is how to use them.
About the indicator, I think that you have a missing part. If you’re surfing you can’t choose all the waves, so you have two ways, you have to find a way to select the right wave, or.......you have to find a way to exit soon if you selected the wrong wave.
I can’t say more because I don’t know the indicator, but I think that you have only this two choices.
The past is already gone, the future hasn't arrived yet
  • #9
  • Sep 29, 2020 10:29am Sep 29, 2020 10:29am
Quoting Arty76
Sure, indicators always do their work and the difference is how to use them. About the indicator, I think that you have a missing part. If you’re surfing you can’t choose all the waves, so you have two ways, you have to find a way to select the right wave, or.......you have to find a way to exit soon if you selected the wrong wave. I can’t say more because I don’t know the indicator, but I think that you have only this two choices.
You are right. Something is missing. One fun part is that it you add moving average, touches created will show reversal points. Things to do with this indicator are unlimited and fun. Maybe I'll try more then...

If you guys want, I can share progress.
  • #10
  • Sep 29, 2020 2:14pm Sep 29, 2020 2:14pm
I can solve the riddle why it works sometimes and sometimes not...your lines don’t mean anything for trading, you could also flip a coin, sometimes it works sometimes it doesn’t. There was also a thread which was something like „all you need for trading is a horizontal line“ or something..
Dont waste 5 more years with this, you are on the wrong path here..
  • #11
  • Sep 30, 2020 5:49am Sep 30, 2020 5:49am
Good work Silent Father

I would say like most indicators are useless hence why the brokers offer them free on mt4 or mt5. However, there are some indicators that if used in confluence with other points can potentially give a trader an edge in the market.

In terms of improvements and the only thing I stick with or believe in is Fibonacci but not everyone uses it correctly .. I may well be one of them

I would like to see the daily (and weekly) key fib levels, i.e. 38.2, 50, 61.8 on a 1hr and 4hr chart, each Fib levels simple represented with a short line (with a description) on the right of the most recent/last candle so it doesn't use up any screen space at all.

What do you think?
  • #12
  • Sep 30, 2020 5:55am Sep 30, 2020 5:55am
Where is the indicator you mention ?
  • #13
  • Sep 30, 2020 6:58am Sep 30, 2020 6:58am
Quoting estebbano
I can solve the riddle why it works sometimes and sometimes not...your lines don’t mean anything for trading, you could also flip a coin, sometimes it works sometimes it doesn’t. There was also a thread which was something like „all you need for trading is a horizontal line“ or something.. Dont waste 5 more years with this, you are on the wrong path here..
Hi, well then anything we have in platforms mean nothing for trading. Why we use Fibonacci, it works sometimes, sometimes not. Moving average is the same. Breaks are false sometimes and sometimes it can make money.

This is not a good thinking. I proved before already that if I create line from this price offset, price will reverse if the point was created properly. This is not even remotely possible with a coin flip. There will be drawdown and other things.

Anything on chart means simply nothing with this logic. Anything you can name. Resistance/support too. It is old S/R... Flip a coin and enjoy. We do not even need a monitor. Why you would even look on chart.

No offense here but I was highly profitable with this. But to use this it is now very annoying. Because it is messy and takes a lot of time. That's what I need to fix. I'm not here for talking around coin toss. Picture proved point on chart with 0 drawdown and profit 299 pips. Not 29,9 but 299. This is extreme RRR and I think traders would love to do anything to got these levels.
  • #14
  • Sep 30, 2020 8:09am Sep 30, 2020 8:09am
This is a neat thread. I could use something like this especially in the project I am currently working on for everyone here on FF. I fixed, then re uploaded an indicator that uses an algorithm for measuring similarity between two temporal sequences, which may vary in speed (check my account). I wanted to keep all the details for the finished post and something like this could help get me there, can I see the code?
  • #15
  • Sep 30, 2020 9:06am Sep 30, 2020 9:06am
Quoting SilentFather
Hi guys, simple riddle for You. I'm actually thinking about this for more than 5 years. But still... NEVER EVER got this done. Look at pictures. This indicator never repaints. What You see is what you got. Without this indicator, You cannot see those levels. Few questions will still appear. What happened before these "spikes" appeared? Why some of them work immediately like a "holy grail"? Why some of them does not work immediately and we need to use them later? If anyone of You guys got this right, I'll share how is it done and where it...
I think I have seen this idea elsewhere on FF. This is a kind of channel lines divergence/repulsion. Gotta do my research to locate the exact thread though
  • #16
  • Sep 30, 2020 9:20am Sep 30, 2020 9:20am
Quoting SerbSerb
This is a neat thread. I could use something like this especially in the project I am currently working on for everyone here on FF. I fixed, then re uploaded an indicator that uses an algorithm for measuring similarity between two temporal sequences, which may vary in speed (check my account). I wanted to keep all the details for the finished post and something like this could help get me there, can I see the code?
Sure, why not. I'll get to PC, will do. Actually I had the same or similar idea. It may need to be automated to get something more from it. I kinda wasted all my manual ideas.

SF
  • #17
  • Sep 30, 2020 9:21am Sep 30, 2020 9:21am
Quoting shiva
{quote} I think I have seen this idea elsewhere on FF. This is a kind of channel lines divergence/repulsion. Gotta do my research to locate the exact thread though
Try my friend. Maybe it was mine thread? I mean the first one ever created by me. If not I'm curious. Share it when You get it.
  • #18
  • Sep 30, 2020 9:26am Sep 30, 2020 9:26am
Quoting SilentFather
{quote} Sure, why not. I'll get to PC, will do. Actually I had the same or similar idea. It may need to be automated to get something more from it. I kinda wasted all my manual ideas. SF

  1. The goal is to update RR's EA he built a few years back, someone else posted about another indicator (the one I fixed) and thought the indicator could supplement RR's EA. Here is my post for anyone wanting to check it out: https://www.forexfactory.com/thread/...2#post13165512 . send me a PM i would love to see how to accomplished these screenshots before I start my school work

  • #19
  • Sep 30, 2020 9:53am Sep 30, 2020 9:53am
Quoting SilentFather
{quote} Try my friend. Maybe it was mine thread? I mean the first one ever created by me. If not I'm curious. Share it when You get it.
Holly molly! Yes it was your thread SF Kudos!
  • #20
  • Sep 30, 2020 11:10am Sep 30, 2020 11:10am
where is the indicator you refer to Silent Father?
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