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Trading PlanetX & Oscillators

  • #101
  • Mar 18, 2022 1:13pm Mar 18, 2022 1:13pm
The oscillators are showing early reversal signals, yet the MACD overlay and PA on the chart does not suggest any reversal, yet.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.jpg Size: 437 KB
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #102
  • Mar 18, 2022 2:18pm Mar 18, 2022 2:18pm
Quoting BestTraderEv
The oscillators are showing early reversal signals, yet the MACD overlay and PA on the chart does not suggest any reversal, yet. {image}


see posts

https://www.forexfactory.com/thread/...8#post13937088
https://www.forexfactory.com/thread/...0#post13937140
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  • #103
  • Mar 18, 2022 2:25pm Mar 18, 2022 2:25pm
Quoting parisboy
{quote} see posts https://www.forexfactory.com/thread/...8#post13937088 https://www.forexfactory.com/thread/...0#post13937140 {image} {image}
Yes, I have seen!
I am just showing my way of looking at the same thing.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #104
  • Mar 18, 2022 2:30pm Mar 18, 2022 2:30pm
Quoting BestTraderEv
{quote} Yes, I have seen! I am just showing my way of looking at the same thing.
these Hurst tools calculations confirms what tell us your oscillators.

we will follow the effectiveness of this forecast for the next future
  • #105
  • Mar 18, 2022 3:27pm Mar 18, 2022 3:27pm
Quoting parisboy
{quote} these Hurst tools calculations confirms what tell us your oscillators.
I'm curious to see how this plays out...
  • #106
  • Mar 18, 2022 3:42pm Mar 18, 2022 3:42pm
Quoting robots4me
{quote} I'm curious to see how this plays out...

You have to trust your tools

Last Low is 1.48936

Lower forecast was 1.4910

But the estimation of the Focal point was visual and imperfect because all CMA's were almost parallel and parallel do not cross.

Anyway the real forecast is we will not go lower and Price Action is ripe for a Change in Trend
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  • #107
  • Mar 18, 2022 3:50pm Mar 18, 2022 3:50pm
I think EURAUD will go lower to about there-ish:
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Click to Enlarge Name: EURAUDH1.jpg Size: 443 KB
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #108
  • Mar 18, 2022 4:04pm Mar 18, 2022 4:04pm
Quoting parisboy
{quote} see posts https://www.forexfactory.com/thread/...8#post13937088 https://www.forexfactory.com/thread/...0#post13937140 {image} {image}
@parisboy -- I have a few questions. I'm really interested in getting this right, so please bear with me. As you know, I am still a rookie...

The numbers may be off a bit, but have I correctly reproduced your chart and MA lines?

Attached Image (click to enlarge)
Click to Enlarge Name: focal-points.png Size: 49 KB

Here is my interpretation of your discretionary algorithm:

1. Look for the TWO most recent focal points -- in this case, around 1.5139.
QUES: Where does 163264 come from?

2. Potential Targets:
#1: FocalPoint minus the difference between HighestPoint and FocalPoint
#2: Look left for an older FocalPoint
#3: Look left again for an older Focal Point

If this is kind of the idea, then this leads to another question. Your MAs are back-shifted half their periods, right? So this means you don't even care about the most recent bars, right? Once you have your FocalPoints you then compute your targets and no longer pay attention to any indicators. You wait for your targets to be hit. The only question that remains is at which target you exit?

Am I hot, warm, cold, out in left field? If I'm warm then I think it would be fairly easy to create an indicator that simplifies things a bit or at least makes it easier to traverse 28 pairs and in a glance decide which ones are worth trading.
  • #109
  • Mar 18, 2022 4:07pm Mar 18, 2022 4:07pm
Quoting BestTraderEv
I think EURAUD will go lower to about there-ish: {image}
Where is "there-ish"? I'm not sure where to look on your chart.
  • #110
  • Mar 18, 2022 4:25pm Mar 18, 2022 4:25pm
Quoting robots4me
{quote} @parisboy -- I have a few questions. I'm really interested in getting this right, so please bear with me. As you know, I am still a rookie... The numbers may be off a bit, but have I correctly reproduced your chart and MA lines? {image} Here is my interpretation of your discretionary algorithm: 1. Look for the TWO most recent focal points -- in this case, around 1.5139. QUES: Where does 163264 come from? 2. Potential Targets: #1: FocalPoint minus the difference between HighestPoint and FocalPoint #2: Look left for an older FocalPoint #3:...
163264 is just the label of a Focal Point where CMA 16, 32, and 64 have really crossed - using extension you can suspect or not if it could a fFocal Point of Higher degree 163264128 for example

Jim Tillman worked at the time in Daily . For day trading n 1 mn I have "improved" precised the methodology. All Focal Points are not of the same nature.

Focal Points are located in the middle of the relevant Sinewave.

Roughly the Crossing of the CMA 256 and 128 gives you the general . If you refer to Daily the 256 Days Trend does not cross the 128 Days Trend every 10 days. Thhese events are less numerous but more important and you can link them by a straight line too

I pay attention to ALL others Hurst incators FLD (EURAUD showed us today a beautiful example) and Envelopes too.

I wait for the target to be hit - but I follow Price Action and recalibrate the chart as it develops.

Anyway with time you will see endlessly the same patterns.

It would be interesting to generate "operative statistics."

How many Focal points of the same nature
Alerts when a Focal Point is created (it means that Price Action has made a Low or a Top)

etc
  • #111
  • Mar 18, 2022 4:28pm Mar 18, 2022 4:28pm
Quoting robots4me
{quote} Where is "there-ish"? I'm not sure where to look on your chart.
The two lines with the price tags, at the bottom.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #112
  • Mar 18, 2022 4:35pm Mar 18, 2022 4:35pm
Attached Image (click to enlarge)
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  • #113
  • Mar 18, 2022 4:40pm Mar 18, 2022 4:40pm
Quoting parisboy
{quote} 163264 is just the label of a Focal Point where CMA 16, 32, and 64 have really crossed - using extension you can suspect or not if it could a fFocal Point of Higher degree 163264128 for example Jim Tillman worked at the time in Daily . For day trading n 1 mn I have "improved" precised the methodology. All Focal Points are not of the same nature. Focal Points are located in the middle of the relevant Sinewave. Roughly the Crossing of the CMA 256 and 128 gives you the general . If you refer to Daily the 256 Days Trend does not cross the 128...
Dude -- this is most interesting. I've been traversing different pairs and now the FocalPoints really jump out and I can see how they provide an excellent clue. I tend to trade on the conservative side, so I would set TP at the first available target and then go searching for more setups. I don't mind leaving Pips on the table.

This is really different from anything else I've ever traded. I'm always looking for signals in the hope of getting into a trade shortly after a transition occurs. But FocalPoints is completely different.

You mention different types of FocalPoints -- that would be interesting to explore in future posts.

And now I'll definitely look into Hurst's other indicators. Your FocalPoint post is one of those rare gems that keeps me coming back to FF, even when it means dealing with a few sociopaths. Thank you, @parisboy...
  • #114
  • Mar 18, 2022 4:41pm Mar 18, 2022 4:41pm
Quoting BestTraderEv
{quote} The two lines with the price tags, at the bottom.
The text was small and kind of obscured -- could you tell me the prices.
  • #115
  • Mar 18, 2022 4:56pm Mar 18, 2022 4:56pm
Quoting robots4me
{quote} Dude -- this is most interesting. I've been traversing different pairs and now the FocalPoints really jump out and I can see how they provide an excellent clue. I tend to trade on the conservative side, so I would set TP at the first available target and then go searching for more setups. I don't mind leaving Pips on the table. This is really different from anything else I've ever traded. I'm always looking for signals in the hope of getting into a trade shortly after a transition occurs. But FocalPoints is completely different. You mention...
Robots4me you are welcomed !

Attached File(s)
File Type: docx The Tillman Method.docx   2.7 MB | 440 downloads
Attached File(s)
File Type: docx TILLMAN Practical Application of Cycles to Investment Markets.docx   4.1 MB | 682 downloads
Attached File(s)
File Type: pdf Jim Tillman_technically-speaking-tips-and-strategies-from-16-t-pages-389-424.pdf   2.4 MB | 637 downloads
  • #116
  • Edited 5:33pm Mar 18, 2022 5:08pm | Edited 5:33pm
I wanted to post a weekly chart of EURAUD with Focal Points

and TradingView had that chart in memory. I had totally forgotten I had ever generate such a Murrey Chart. You know the Octave thing.

I am bluffed and amazed by this chart
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  • #117
  • Mar 18, 2022 5:12pm Mar 18, 2022 5:12pm
Quoting parisboy
{image} {image}
The size of the boxes reflect the "strength" of the crossing, right?

Is it just the number of MAs that cross within a vicinity or do you also take into account the slope of MAs?
  • #118
  • Mar 18, 2022 5:15pm Mar 18, 2022 5:15pm
Quoting parisboy
I wanted to ost a weekly chart of EURAUD with Focal Points aand TrdingView . I had totally forgotten I had ever generate such a Murrey Chart. You know the Octave thing. I am bluffed and amazed by this chart {image}
Okay -- I see a bunch of colorful lines. I'm not familiar with the "Octave thing". Could you highlight what jumps out at you.
  • #119
  • Mar 18, 2022 5:21pm Mar 18, 2022 5:21pm
Quoting robots4me
{quote} The size of the boxes reflect the "strength" of the crossing, right? Is it just the number of MAs that cross within a vicinity or do you also take into account the slope of MAs?

It is just to couunt the number of different Focal Points

7 x 1632
2 x 163264
2 X 163264128
  • #120
  • Mar 18, 2022 5:24pm Mar 18, 2022 5:24pm
@parisboy, @BestTraderEv...

I can see how PlanetX and FocalPoints can work together. FocalPoints are used to determine an Entry -- it's not actually a signal, but when you enter you can be confident of the direction. And the direction is confirmed by PlanetX.

In @parisboy's example you compute the target Exits. Alternatively, I think PlanetX could also be used to visually determine when it is time to Exit.

It is not necessary to milk the trend of every last Pip -- it's okay to leave some on the table. With this type of trading I can imagine it could have a high winrate if you Exit at the first sign the wind might be changing direction.
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