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

SilentFather,
I agree. I too like the seemingly impossible things especially trading related. In your first thread related to this same topic you captured my interest, but I got side tracked developing my own method of trading, but always kept what you shared on my list of things to revisit. In your first thread post #60 by Old Dog summed it up for me with his clear chart example. When a turn is made it is most likely that turn will be revisited again. Now there is surely more to that statement, but not sure what the more is. Yes volatility is a component. For me its not about the indicator, but if you coded one to mark the turns as in my chart & Old Dog's chart that would highlight the price action as it reached the previous turns. For me what you share here & in your previous thread has much merit, but how to develope it further I'm not sure about. Maybe use Keltner or Bollinger Bands. Looking forward to hearing more from you on your progress. In my chart posted the indicator is Keltner_V1. Its nothing special. Just shows the turns.

I've been following the other thread and this one as well, and i can say that you have a different way to see the things that are "common". Its true that you can draw aleatory lines and usualy the price will come and go by these lines. Market moves like that. Maybe your edge with that indicator is that, try to think out of the box. I will explain my vision, cause my way is kind similar, i need volatility and exhaustion to start my trades, and i saw that you selected volatility entries. I will put some pics down here, to clearly figure it out and dont strafe words away. First you have to know the behavior of the assett you are trading. Will try with 2 examples. I will use the contract of dollar/my country currency and my country index. Usd/Brl (WDOc1) and IBOV (WINc1). Trying to get it to the left vision.

First the Dollar/Real: This pair trend to be ranging lateraly and than explode to one side. I drew 3 horizontal lines and 1 trendline. I actually wait to higher tf's given your leverage/my way to divide contracts in zones. But lets consider...What is gonna happen here? Where would you buy? Where would you sell? Which part of the graph will gives you any edge? (note that we could draw a horizontal line lower and updated on the upper line, i just forgot and edit it here)


WIN: I usually draw these equidistant channels and get the exhaustion of the moviment and trade against the trend. So you can figure out that some of these TrendLines that are produced by the blue indicator (here it is red-blue hehe) along beside. The market usually makes this kind of moviment. When there is some volatility i'm there to catch it.


Trying to get another approach and look for the future, where would you put yours orders (sell/buy)? We got Trendlines and Horizontal lines by the indicator. Which one gives your a better edge do enter the trade?

I think its better we go posting some future trying than keep going looking to the past.

I appreciate your efforts and trying getting together, since it can be very useful in my way to trade.

Cheers!

I would change the settings a bit. Seems like this chart needs lower settings. Bands are too high. It is kinda sensitive. I'm currently trying to use this with MA's, since it will be "idiot-proof". I mean like everyone will know where to buy and sell. It is like bollinger bands. But kinda more precise.

This is just fun thing I did in 10 minutes. Yesterday signal was good but some price action was needed, last one was clear touch. I wish it would work like that all the time. :/

*** One thing for You. If you have such settings, when volatility is low, price will never touch the bands. Or we never touch the high/low spikes. That's one problem we have.

Not sure why, cTrader is great platform. I started using it when I found that news trading is much better on cTrader. MT4 had problems with slippage etc... Now I'm only cTrader, I'm not even sure how MT4 works anymore. ;D

SF

ok, but still, can we clarify what is the reason behind using a displaced mirror of price and trading off its levels? if that is what you do? is there a theory behind this or it is mere guessing?