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Trading PlanetX & Oscillators

  • #381
  • Mar 21, 2022 11:39am Mar 21, 2022 11:39am
Double Bottom in construction
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  • #382
  • Mar 21, 2022 11:49am Mar 21, 2022 11:49am
Time to enter ?
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  • #383
  • Mar 21, 2022 11:50am Mar 21, 2022 11:50am
Parisboy
It will be fun
when you introduce
The River Bank Theory
to see what the make of that

1st moving averages shifted back
Then shifted forward
h'mmm should be good
  • #384
  • Mar 21, 2022 11:51am Mar 21, 2022 11:51am
CMA 16/32/64/128 turned UP

CMA 2556 Down but decelerating
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  • #385
  • Mar 21, 2022 11:54am Mar 21, 2022 11:54am
cyclal mode from major and minor focals connected
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  • #386
  • Mar 21, 2022 12:05pm Mar 21, 2022 12:05pm
Follow Up
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  • #387
  • Mar 21, 2022 12:16pm Mar 21, 2022 12:16pm
Centered Moving Average 256 (brown) has ended its deceleration and turned Flat.
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  • #388
  • Mar 21, 2022 12:19pm Mar 21, 2022 12:19pm
closed Long due to bad informatical move (old age )

reentry now
  • #389
  • Mar 21, 2022 2:47pm Mar 21, 2022 2:47pm
Being not 100 % stubborn we opened a Short position

Target 1,48636 +/-66
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  • #390
  • Mar 21, 2022 2:48pm Mar 21, 2022 2:48pm
Quoting parisboy
{quote} I do not think so. Because I dosome things manually. Hence, if the case, I can observe the slope(s) (mainly 256 and 128 ) changing. Then I recalibrate (reprecise if necessary, the initial approximative target price
Okay -- then as a programmer I would apply the following rule:

If the SMA extensions don't make sense with the most recent bar data then the guesstimated target price should be ignored. And as for the definition of "what makes sense", that is left to the discretionary trader. Is that a fair statement?
  • #391
  • Mar 21, 2022 2:52pm Mar 21, 2022 2:52pm
Quoting robots4me
{quote} Okay -- then as a programmer I would apply the following rule: If the SMA extensions don't make sense with the most recent bar data then the guesstimated target price should be ignored. And as for the definition of "what makes sense", that is left to the discretionary trader. Is that a fair statement?

when you code you are the boss !

I am the admirer, the fan who clap his hands
  • #392
  • Edited 3:06pm Mar 21, 2022 2:53pm | Edited 3:06pm
Quoting bishopdotun
Important Update The thread has evolved faster than I expected. Thanks to Parisboy and R4M, we now have a great tool (Focal Point Indicator) to complement PlanetX. Focal Point is still a work in progress and it is ready for use. Please refer to Post 49, 108, 125...
I have updates of:
PlanetAwesome-Oscilator-v5.2.ex4
Improved histogram visuals on different zooms.

and PlanetAwesome-OnChart-Signals.ex4
Early AO signals on chart.

Plus I have BTE_10_Moving_Averages.ex4 an indicator which can plot up to 10 fully customizable moving averages. By default, 5 of them are preset to @parisboy MA's parameters. This indicator has an On/Off button, so we can easily switch the MA's On and Off.

I am still willing to cooperate if you are too.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #393
  • Mar 21, 2022 2:59pm Mar 21, 2022 2:59pm
Quoting parisboy
Being not 100 % stubborn we opened a Short position Target 1,48636 +/-66 {image}
Okay -- but it looks to me that trade was opened south of the target price calculated using the following formula:

TargetPrice = FP2 - (High - FP2)

In other words, because you are a wild and crazy guy and looking for adventure you still opened a SELL trade long after the TargetPrice had been reached. Is that a fair statement?

PS: I should have also added "brilliant trader"...
  • #394
  • Mar 21, 2022 3:15pm Mar 21, 2022 3:15pm
Quoting robots4me
{quote} Okay -- but it looks to me that trade was opened south of the target price calculated using the following formula: TargetPrice = FP2 - (High - FP2) In other words, because you are a wild and crazy guy and looking for adventure you still opened a SELL trade long after the TargetPrice had been reached. Is that a fair statement? PS: I should have also added "brilliant trader"...
Top = 1,49334
FP intersection 163264128256 =1,49000

Target = 1,49000 - 0,00334 = 1,48666 +/- 66
  • #395
  • Mar 21, 2022 3:33pm Mar 21, 2022 3:33pm
Not every broker is going to have exactly the same quotations!
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.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #396
  • Mar 21, 2022 3:51pm Mar 21, 2022 3:51pm
Quoting parisboy
{quote} Top = 1,49334 FP intersection 163264128256 =1,49000 Target = 1,49000 - 0,00334 = 1,48666 +/- 66
Excellent -- I think I've reproduced your EURAUD / M1 chart.

But there is still one important piece that I am missing. On the X-axis, can you draw an arrow to show me the **earliest** time you could have entered the trade with the guesstimated 'TargetPrice' being your TP.

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  • #397
  • Mar 21, 2022 4:01pm Mar 21, 2022 4:01pm
Quoting parisboy
{quote} Top = 1,49334 FP intersection 163264128256 =1,49000 Target = 1,49000 - 0,00334 = 1,48666 +/- 66
And another question: There are two other peaks that occur before FP2 -- why didn't you use either of these as the Top? What criteria or rule did you apply when deciding to use 1.49334 as the Top (instead of the others that are closer to FP2)?

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PS: Okay, I think I know. It's because that's the tallest peak between FP2 and FP1, where FP1 is the FocalPoint that occurs around 17:48, right?
  • #398
  • Mar 21, 2022 4:09pm Mar 21, 2022 4:09pm
Quoting robots4me
{quote} Excellent -- I think I've reproduced your EURAUD / M1 chart. But there is still one important piece that I am missing. On the X-axis, can you draw an arrow to show me the **earliest** time you could have entered the trade with the guesstimated 'TargetPrice' being your TP. {image}

Difficult to say because chart has moved and we can not recreate the conditions.

Seems the trade was not so bad planned but I was wiped out at stop-loss as I was reading your post. Shit happens


Price reached 1,48765
1,4866 + 66 = 1,48732

Good analysis , bad execution
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  • #399
  • Mar 21, 2022 4:10pm Mar 21, 2022 4:10pm
Quoting parisboy
Being not 100 % stubborn we opened a Short position Target 1,48636 +/-66 {image}
What's particularly interesting to me is that even though FP2 occurs in the middle of a strong upswing, the FocalPoint algorithm computes a guesstimated TargetPrice that recommends a SELL. And in hindsight it would have been correct.

What it feels like to me is that after FP2 forms you Enter a trade and then ignore all subsequent bars because they won't have any effect on the guesstimated TargetPrice. You need to have faith that the algorithm will eventually smile on you even while the most recent bars might say otherwise. Is that a fair statement?
  • #400
  • Mar 21, 2022 4:18pm Mar 21, 2022 4:18pm
Quoting parisboy
{quote} Difficult to say because chart has moved and we can not recreate the conditions. Seems the trade was not so bad planned but I was wiped out at stop-loss as I was reading your post. Shit happens Price reached 1,48765 1,4866 + 66 = 1,48732 Good analysis , bad execution {image} {image}
Sorry about that -- you should know better to ignore me if you're trading M1...

And thanks for your response -- I'm getting a better sense of this now. I'm primarily trying to find the proper boundary between what's discretionary and what can be coded to facilitate trading Focal Points.
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