Thank you very much @robots4me for the encouragement
- Joined Aug 2012 | Status: Love for all; Hatred for none | 3,475 Posts
Love for all; Hatred for none.
Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker talk 46 replies
Leap of faith... 18 replies
The old "Control Points" vs. "Every Tick" testing question 2 replies
Leap of Faith 9 replies
Leap of Faith 6 replies
DislikedRussian Dolls : Double Tops within Double Tops Jim Tillman and Double Tops When there is a double bottom or a double top, you should consider that there might be a cycle changing direction half-way between those two points. {image} {image} {image}Ignored
QuoteDislikedPeaks and Troughs in PRICE do not occur at the same time as those peaks and troughs in the actual cycles
When the underlying trend of a cycle is positive (or bullish) then PEAKS occur LATE, and TROUGHS occur EARLY
When the underlying trend of a cycle is negative (or bearish) then PEAKS occur EARLY, and TROUGHS occur LATE
DislikedJust as in real-life, everything comes with a trade-off. And that is true of Focal Points and Double Tops / Bottoms, as well. The trade-off has been mentioned many times before, but is worth reminding readers... The SMA lines are backshifted by 1/2 their period. That means the most recent portion of the lines (denoted by small dots) are extrapolated / extended from where the real line ended. In other words, the dotted portion of the SMA lines is not based on price data. If the market hasn't changed within the most recent 16-32 bars then all is probably...Ignored
Disliked{quote} A little "theory' to understand Centered Moving Averages location and their implications for your trading. {image}Ignored
Disliked{quote} With your chart are you suggesting that the extended SMA(128) could be used to guesstimate a Target Price? If so, then we've got all the rules...Ignored
Disliked{quote} in this case yes. It is what I do R4M. It is a cybernetic process . I guesstimate the Low AND the Crossing. Same reasoning : all potential Crossings are not equal.. Chart follows soonIgnored
Disliked{quote} A little "theory' to understand Centered Moving Averages location and their implications for your trading. {image} {image} {image}Ignored
Disliked{quote} Excellent -- thank you. You execute a cybernetic process, whereas I execute the rookie process. @parisboy -- slowly, slowly I hope to catch up to you one day. Do you think that's possible or am I just dreaming?Ignored
DislikedA key point to understand how (Centered) Moving Averages work. {image}Ignored
Disliked{quote} And that's because the backshifted CMA(32) doesn't yet see that new bar. BTW, @parisboy, you write (Centered) Moving Average (CMA). In MT4 the equivalent is "Simple" Moving Average (SMA). I should have mentioned this earlier because at first it confused me.Ignored
Disliked{quote} Thanks for updated indicator. I have one old school question for verification In this chart, Entry will be short position where arrow is marked and exit will be next circle? I have another question that for bearish directions ; first circle must be above the second circle and vice versa for bullish directions? {image}Ignored
Disliked{quote} I would have traded differently -- I would have entered much earlier, shortly after the second 16x32 crossing is drawn. In fact, I think the optimal entry would have been at the close of the first bearish bar following that second 16x32 crossing. As for the guesstimated Target Price (i.e. Exit) -- keep in mind we are all in the same boat. There isn't an "official" Exit point. However, maybe you use @Nih98's Sweet Spot indi as a clue. Or, as @parisboy just pointed out, maybe you use the extended portion of SMA(128). This is discretionary...Ignored