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  • #181
  • Mar 19, 2022 12:34pm Mar 19, 2022 12:34pm
Quoting BestTraderEv
{quote} That's Andrews' Pitchfork...
Chartists have classified Patterns visually and determined "rules" of thumbs.

Cycles Analysts have explained why and how these patterns formed (see Double Tops and Double Bottoms) explained by Cycles and CMA's

You have the same kind of relationship between Andrews and Tillman. Focal Points and Andrews Forks
  • #182
  • Mar 19, 2022 12:53pm Mar 19, 2022 12:53pm
You can now generate a new Channel
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  • #183
  • Mar 19, 2022 1:00pm Mar 19, 2022 1:00pm
Quoting robots4me
{quote} You're determined to fit that circular peg into a square hole... This is different from what you and I are familiar with. Turns out that occasionally something new under the sun passes our way. It doesn't mean that it is better and it doesn't mean you have to embrace it. But in order to stop battling with it you'll need to set aside those bias blinders -- just for an hour or so. Ironically, as we've learned, Focal Points aren't really new. They are almost as old as me.
I'm not battling, I am trying to see how I can use it to my advantage. You know, they say it's hard to teach an old dog new tricks...
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #184
  • Mar 19, 2022 1:21pm Mar 19, 2022 1:21pm
Quoting BestTraderEv
{quote} I'm not battling, I am trying to see how I can use it to my advantage. You know, they say it's hard to teach an old dog new tricks...

It is inherent to the learning curve. Everybody has his own.
  • #185
  • Mar 19, 2022 1:28pm Mar 19, 2022 1:28pm
Quoting robots4me
{quote} You're determined to fit that circular peg into a square hole... This is different from what you and I are familiar with. Turns out that occasionally something new under the sun passes our way. It doesn't mean that it is better and it doesn't mean you have to embrace it. But in order to stop battling with it you'll need to set aside those bias blinders -- just for an hour or so. Ironically, as we've learned, Focal Points aren't really new. They are almost as old as me.
How old are you, if you don't mind me asking?

You mean like so?
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.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #186
  • Mar 19, 2022 1:32pm Mar 19, 2022 1:32pm
Quoting BestTraderEv
{quote} How old are you, if you don't mind me asking? You mean like so? {image}
In the settings, change focal point strength to 2.

The strength refers to the number of CMAs touching the candle and the average direction of the swing at that point.
  • #187
  • Mar 19, 2022 2:34pm Mar 19, 2022 2:34pm
Quoting parisboy
{quote} not exactly. there is similarities., visual similarities. But there is no (official) "theoretical explanation of why Andrews Fork work. Moreover Andrews locates the Midline of the Fork in the Middle of the Swing. Focal Points are generated differently through the crossing of CMA's and can be located also on the Middle of the Swing ..... or not. I will come back later on Andrews because it is important and can be useful for trading.if Bishopdootun and Robots4me do not consider it clutters tge thread
an example where Focal Point is not in the Middle of the Swing
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  • #188
  • Mar 19, 2022 2:37pm Mar 19, 2022 2:37pm
Anther Double Top explained
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  • #189
  • Mar 19, 2022 3:09pm Mar 19, 2022 3:09pm
Quoting parisboy
Anther Double Top explained {image}
Great, I just don't understand how that "explains" the Double Top?
I mean, the data you used to calculate those MA's come from the chart, not from independent sources, so this is not explanation, this is confirmation bias.
It is post hoc, thus it explains nothing, it just gives your brain a confirmation as a feedback.
The Double Top pattern is a typical range where Distribution is taking place, of course, a potential Distribution, because we can never know 100%.
Yet, it is a good Sell opportunity, because we know where StopLoss must be, and if the price breaks down, we can move our SL to BE+ in order to minimize potential Losses.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #190
  • Mar 19, 2022 3:42pm Mar 19, 2022 3:42pm
Quoting BestTraderEv
{quote} Great, I just don't understand how that "explains" the Double Top? I mean, the data you used to calculate those MA's come from the chart, not from independent sources, so this is not explanation, this is confirmation bias. It is post hoc, thus it explains nothing, it just gives your brain a confirmation as a feedback. The Double Top pattern is a typical range where Distribution is taking place, of course, a potential Distribution, because we can never know 100%. Yet, it is a good Sell opportunity, because we know where StopLoss must be,...

I am glad you are an expert both on Andrew Forks and Double Tops
  • #191
  • Mar 19, 2022 4:25pm Mar 19, 2022 4:25pm
Quoting parisboy
{quote} I am glad you are an expert both on Andrew Forks and Double Tops
Thanks, but that does not answer anything.
I have been through almost any trading idea on this market. Some of them I just touched on, others I dug deep into. Everything is the same at the core, it all comes from the data already available on the charts. And, the way our brains work, is they seek patterns, we are pattern-seeking biological machines. And the brain seeks explanations for what it observes, but that is usually post hoc justification, and confirmation bias. That's why we have the scientific method, in order to minimize confirmation bias. Do you think you can jusitfy your observations and calculations by the scientific method? You know, by seeing if your thesis can not be falsified?
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #192
  • Mar 19, 2022 4:46pm Mar 19, 2022 4:46pm
Quoting BestTraderEv
{quote} I'm not battling, I am trying to see how I can use it to my advantage. You know, they say it's hard to teach an old dog new tricks...
I understand. From one old dog to another -- we can learn.

The R4M-FocalPoint indicator is half-baked and still a work in progress. There is more to be done to flush out the details to make this easier to trade. The algorithm is simple -- you just need to get your head around it. Be patient and the light bulb will go on...
  • #193
  • Mar 19, 2022 4:48pm Mar 19, 2022 4:48pm
Quoting BestTraderEv
{quote} How old are you, if you don't mind me asking?
Here's a hint: "Peace, love, dope, Rock'n Roll'....
  • #194
  • Mar 19, 2022 4:49pm Mar 19, 2022 4:49pm
Quoting BestTraderEv
{quote} How old are you, if you don't mind me asking? You mean like so? {image}
You'll need to start with a clean chart. The other lines and markers are getting in the way of seeing how Focal Points work.
  • #195
  • Mar 19, 2022 4:52pm Mar 19, 2022 4:52pm
Quoting parisboy
Anther Double Top explained {image}
@parisboy -- a question about how to trade the Double Top (and Double Bottom). Suppose I see a Double Top -- is that my clue to enter a SELL trade? And, if so, is there a calculation or visual that predicts a target price? Or do I ride it down and "exit at my leisure"?
  • #196
  • Mar 19, 2022 4:55pm Mar 19, 2022 4:55pm
Quoting robots4me
{quote} I understand. From one old dog to another -- we can learn. The R4M-FocalPoint indicator is half-baked and still a work in progress. There is more to be done to flush out the details to make this easier to trade. The algorithm is simple -- you just need to get your head around it. Be patient and the light bulb will go on...
Look, if you can calculate where home is, you can, actaually code everything into the indicator (and EA, actually). You need 3 horizontal lines spread out in such a way, that the MathAbs(SLPrice-EntryPrice) < MathAbs(EntryPrice-TPPrice), and you can input a proportial parameter for the trader to decide on, like 1.618 by default, so that the EntryPrice will be where tha RR is 1 SL to 1.618 TP.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #197
  • Mar 19, 2022 4:57pm Mar 19, 2022 4:57pm
Quoting robots4me
{quote} Here's a hint: "Peace, love, dope, Rock'n Roll'....
Hi Steve..

Or perhaps Clark Kent or Superman ??

Are you having problems remembering your password for your Ohitsyou account ?

you may want to lay off the cannabis gummies or just stick to the cbd ones.

Love ya
Blue
Master your Mind,,,Master the Market
  • #198
  • Mar 19, 2022 5:02pm Mar 19, 2022 5:02pm
Quoting robots4me
{quote} @parisboy -- a question about how to trade the Double Top (and Double Bottom). Suppose I see a Double Top -- is that my clue to enter a SELL trade? And, if so, is there a calculation or visual that predicts a target price? Or do I ride it down and "exit at my leisure"?
If I can, I would say no. We need more than that.
If the overall trend is Bullish, then I can count on this, likely, not more.
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.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #199
  • Mar 19, 2022 5:03pm Mar 19, 2022 5:03pm
Quoting BestTraderEv
{quote} Thanks, but that does not answer anything. I have been through almost any trading idea on this market. Some of them I just touched on, others I dug deep into. Everything is the same at the core, it all comes from the data already available on the charts. And, the way our brains work, is they seek patterns, we are pattern-seeking biological machines. And the brain seeks explanations for what it observes, but that is usually post hoc justification, and confirmation bias. That's why we have the scientific method, in order to minimize confirmation...
@BestTraderEv -- I just saw on the TMS thread that DrDave and tommydoginti got you suspended. Welcome to the club. The fact that you were reinstated so quickly means the FF admin saw theirs was a bogus complaint and they had abused their privileges. It must really piss them off that after getting @ohitsyou banned then this thread was created and is taking-off like nothing we expected. Whereas we're excited about brain-storming a new trading strategy (thanks to the man from France), they spend their time mired in posting insults. Maybe there really is such a thing as Karma...
  • #200
  • Mar 19, 2022 5:09pm Mar 19, 2022 5:09pm
Quoting robots4me
{quote} @parisboy -- a question about how to trade the Double Top (and Double Bottom). Suppose I see a Double Top -- is that my clue to enter a SELL trade? And, if so, is there a calculation or visual that predicts a target price? Or do I ride it down and "exit at my leisure"?
A possibility.

But real experts in Double Tops know surely better entries.
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