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Trading Focal Points -- "A Leap Of Faith"...

  • #241
  • Mar 30, 2022 8:35am Mar 30, 2022 8:35am
Quoting parisboy
{quote} I think we have to clarify the terminology. let'use the term "signal" for the coding, for the computer and "candidate " for the methodology . which is true . The methodology gives us "candidates" Action Signal to speak like Hurst. In layman term you can translate that by "pay attention. this could be the right time to open a Short or a Long Position. But it comes with the usual disclaimer "It is your money , not mine. This is in no way an investment advice etc"
Yes -- "candidate" is the correct term. I was using "wake-up-call" -- but "candidate' is perfect.

Focal Points -- so bar we only have a guesstimated Target Price. We do not have a signal that identifies an optimal price to enter a trade. Entry is discretional and Exit is at a guesstimated Target Price.

Double Top / Bottom -- again, Entry is discretional, but Exit is also discretionary. However, if you take a closer look at @js497's charts and the lines he's drawn then I think he may be on to something. There's definitely a pattern. I'll post some example charts shortly, and others can feel free to comment whether they agree or disagree or see other patterns.
  • #243
  • Mar 30, 2022 8:56am Mar 30, 2022 8:56am
Quoting robots4me
{quote} Yes -- "candidate" is the correct term. I was using "wake-up-call" -- but "candidate' is perfect. Focal Points -- so bar we only have a guesstimated Target Price. We do not have a signal that identifies an optimal price to enter a trade. Entry is discretional and Exit is at a guesstimated Target Price. Double Top / Bottom -- again, Entry is discretional, but Exit is also discretionary. However, if you take a closer look at @js497's charts and the lines he's drawn then I think he may be on to something. There's definitely a pattern. I'll...
Below are a couple of examples of Double Tops and how it might be possible to introduce some codable rules to better define Entries. Full disclosure -- this is hindsight trading -- I did not actually Enter trades here. Feel free to critique -- I make no claims this is the best way to treat Double Tops. This is still uncharted waters for me...

I'll explain the numbers:

1. This is a 16x32 crossing that precedes a Double Top.
2. The yellow line is drawn from the 16x32 crossing and touches the Low of the gray bar beneath the 2nd peak. Not the first peak -- the 2nd peak.
3. The yellow line crosses a gray bar -- this is where I would enter a SELL trade.

Now -- if you are discretionary trading you might choose a better Entry. However, my goal is to come up with a codable rule that works most of the time.


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  • #244
  • Mar 30, 2022 9:03am Mar 30, 2022 9:03am
Quoting kimosabyy
Too many indicators, keep it simple. All you need is Step-by-Step rules and naked eyes before an execution. All that other extra stuff is too much. https://www.youtube.com/watch?v=TIqM...eseenKnowledge
What is the purpose of this comment in a thread that is not about naked chart trading?

If you like to trade "naked" then do it and dont bother other people.

What is the sense of this Video? You are just taking trades in a replay mode and not even real trades you are just visually showing where you would take a trade.
Completely useless and a waste of time to watch.

Instead of wasting your time recording videos about what happened yesterday or 2010 use the time to trade LIVE in a Market where you DONT KNOW WHATS GOING TO HAPPEN.

Even my blind Granny can pretend to be a great Trader doing that kind of Videos.

If that is even your Video.
  • #245
  • Mar 30, 2022 9:15am Mar 30, 2022 9:15am
Quoting FundedCoffee
{quote} What is the purpose of this comment in a thread that is not about naked chart trading? If you like to trade "naked" then do it and dont bother other people. What is the sense of this Video? You are just taking trades in a replay mode and not even real trades you are just visually showing where you would take a trade. Completely useless and a waste of time to watch. Instead of wasting your time recording videos about what happened yesterday or 2010 use the time to trade LIVE in a Market where you DONT KNOW WHATS GOING TO HAPPEN. Even my blind...
It's a spam post -- which is why I've banned him. Most members are good -- but when you consider there are over 500,000 of us then for sure there will be a sprinkling of sociopaths.
  • #246
  • Mar 30, 2022 9:15am Mar 30, 2022 9:15am
Quoting robots4me
{quote} Below are a couple of examples of Double Tops and how it might be possible to introduce some codable rules to better define Entries. Full disclosure -- this is hindsight trading -- I did not actually Enter trades here. Feel free to critique -- I make no claims this is the best way to treat Double Tops. This is still uncharted waters for me... I'll explain the numbers: 1. This is a 16x32 crossing that precedes a Double Top. 2. The yellow line is drawn from the 16x32 crossing and touches the Low of the gray bar beneath the 2nd peak. Not the...
You asked me about methods and other additional tools. I also use this tool to figure out overbought and over sold.
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Love for all; Hatred for none.
  • #247
  • Mar 30, 2022 9:20am Mar 30, 2022 9:20am
Quoting aahmad29
{quote} You asked me about methods and other additional tools. I also use this tool to figure out overbought and over sold. {image}
If it's not MT4 then it's hard for me to tell what it is. I see +DI and -DI -- is that an ADX indicator?

PS: Oops, never mind -- I now see it says 'Average Directional Movement Index', which is ADX.
  • #248
  • Mar 30, 2022 9:26am Mar 30, 2022 9:26am
The GU m5 from this morning long hit the tp area. Did not take this as am short biased. However its starting to look good for shorts, late in the day though
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Pip Student
  • #249
  • Mar 30, 2022 9:43am Mar 30, 2022 9:43am
EURUSD 15 mn

Long Follow Up

Potential Target 1, 12040 +/- 224
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  • #250
  • Mar 30, 2022 10:05am Mar 30, 2022 10:05am
USDJPY 1 H

How to analyze these charts ?
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  • #251
  • Edited 10:19am Mar 30, 2022 10:06am | Edited 10:19am
Quoting robots4me
{quote} Yes -- "candidate" is the correct term. I was using "wake-up-call" -- but "candidate' is perfect. Focal Points -- so bar we only have a guesstimated Target Price. We do not have a signal that identifies an optimal price to enter a trade. Entry is discretional and Exit is at a guesstimated Target Price. Double Top / Bottom -- again, Entry is discretional, but Exit is also discretionary. However, if you take a closer look at @js497's charts and the lines he's drawn then I think he may be on to something. There's definitely a pattern. I'll...
Yes this can be automated...
The only question im asking me, is how to differentiate the first and third swing by the way logical, i know visually by amplitude like said Parisboy.

if it can help, this picture.. about entry
i exited on half of channel, but in this case we can on bottom...

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edit : i put the same chart with an explanation on logical exit trade, in more of previous one about logical entry
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edit 2 : 88 points of possible profit on Nasdaq... 352 ticks

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  • #252
  • Mar 30, 2022 10:52am Mar 30, 2022 10:52am
CADJPY
Here is an example of three instances as mentioned by robots4me and one instance which i use. You can see double top and then target price is valid for me.
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Love for all; Hatred for none.
  • #253
  • Mar 30, 2022 12:09pm Mar 30, 2022 12:09pm
Analysis 1 for Dummies
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  • #254
  • Mar 30, 2022 12:13pm Mar 30, 2022 12:13pm
Analysis 2 for Dummies
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  • #255
  • Mar 30, 2022 12:33pm Mar 30, 2022 12:33pm
Analyze 3 for Dummies
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  • #256
  • Mar 30, 2022 12:41pm Mar 30, 2022 12:41pm
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Centered Moving Average 16 is decelerating

we suspect CMA 16(red) is building its Low
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  • #257
  • Mar 30, 2022 12:45pm Mar 30, 2022 12:45pm
If you want to read a little more documentation for the Hurst Cycle Analysis, here are three free books and many others:

https://www.pdfdrive.com/search?q=hu...&searchin=&em=

- Channels & Cycles_ A Tribute to J. M. Hurst
- mastering-hurst-cycle-analysis-a-modern-treatment-of-hursts-original-system-of-financial-market-analysis
- Mastering Hurst Cycle Analysis - Harriman House
  • #258
  • Edited 1:47pm Mar 30, 2022 12:58pm | Edited 1:47pm
FLD 64 - Price offsetted 1/2 period forward (32) confirms Target Price

Top = 125.100

Crossing FLD 54 / Price = 123.050

125-100 - 123.050= 2. 050

Target Price = 123.050 - 2.050 = 121+/- 0,4


Real Low 121.316
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  • #259
  • Mar 30, 2022 1:17pm Mar 30, 2022 1:17pm
Quoting SwingMan
If you want to read a little more documentation for the Hurst Cycle Analysis, here are three free books and many others: https://www.pdfdrive.com/search?q=hu...&searchin=&em= - Channels & Cycles_ A Tribute to J. M. Hurst - mastering-hurst-cycle-analysis-a-modern-treatment-of-hursts-original-system-of-financial-market-analysis - Mastering Hurst Cycle Analysis - Harriman House

Hello Swingman !

Useful reminder
  • #260
  • Mar 30, 2022 1:57pm Mar 30, 2022 1:57pm
Quoting aahmad29
CADJPY Here is an example of three instances as mentioned by robots4me and one instance which i use. You can see double top and then target price is valid for me. {image}
I like it!!
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