EUR/USD patterns

idea: Fibonacci (1-2-3-5-8..) time series lines connect similar patterns in the 1345GMT-to-1345GMT and freehand. Works on 5' scale and possibly on other scales and at non-90-degree angles. Difficulties are time line sometimes shifts in relation to the formation with some placings, other times the pattern is a bit obscure or the higher-numbered lines fail to work at all, (rarely) the shape inverts, and, with the 1345er, you need a sample of 2-4 lines before picking up on what pattern it's representing. Utility is fairly high with practice, even to trade intraday with them.
An example of a 1345er time line is given below:

For all interested in Pattern Trading should check out the new VTTrader 2.0 Demo. It comes with a pattern recognition engine which seems to work pretty well.

I arrived at a feasible oscillator system. It is, poorly explained, below:


mixed FF free indicators --
THV's hull
THV's T3
THV's COG (for bands)
smoothened heiken-ashi (found at several places; removes almost all possible pattern interpretation, leaving line work)
CCFp (besides crossings and such, used for making lines at one-hour-scale (when trading the 5')
retraces (between the most-narrow points (very rare)) / support-resistance horizontal lines (at top and bottom of narrow points (more common))
and 137-angle fans (between each pair of most-wide points (periodic, more common), done from one
of a shorter (attaching from beginning of that trendline to the point-line at the base (if next trend is down) or top (visa-versa) of the regular (not smoothened, doing CCFp lines first) heikin-ashi candle the point-line intersects) trendline
or longer (attaching to the other point-line of the pair, where the trendline intersects and using the top-base candle rule for the first point-line) trendline,
one trendline attached to each of the two point-lines to achieve the 137-angle fans)
ZUP_v.60 (just to cover for any patterns, plus gives a kind of structure)
THV's method description (from the logo, and not the label, signature)
DIBS triggerlines level indicator (has fixed scale,time, thus little-used)

I darken the ZUP lines and use a darkened price-time line, with the background set at one notch above black, to keep things legible and subdued enough to make midlines and write and line-identify in white on the chart.

To get a trade, I show and label (with a thumbs-up or -down label) each of the reasons I get from the above indicators and, counting them all equally, add each side (buy or sell reason) to get my complete reward-to-risk ratio. It's been said that 3:1 or above is a good ratio, so if or when this is the case, I then trade on it in the favored direction.
Objectively getting the reasons is key; I've found there aren't too many reason-making variables available for this set-up, which makes my job fairly easy to daytrade on the 5'. The reasons also change objectively, allowing the ratio to change and thus set the entry and the exit.


I'll post the possible reasons, charts of how to make the support-resistance lines (fans, the retrace /horizontal lines), and other stuff later, if the system still holds water. This system was a breakthrough beyond the pattern scalping approach I showed in the first few posts, since it is fully explainable and complete (and done) right now.
Here's a screenshot of the system :

It's 100% useless if you want to make money from trading. I would take a coin before that junk.

ref.: 'oscillator system'

I was rude in posting someone else's material so brashly, and apologize.

Also, it was wrong of me to post a group of indicators I just put together as a 'system'. While, after a week, this setup does still work well for scalping the 5', it has several big problems with it. I found myself gravitating toward using patterns I found in the price line and on a regular hiekin-ashi; plus, I haven't even gotten close to listing the possible reasons, which'd be a cornerstone to making this set-up realistic to use beyond being a possibly-implied piece of 'junk'.

The appropriate thing to do, it seems, is for me to correct these problems and then republish the noted material into a polite, finished set-up, which takes alot more work and time than I put into it and especially takes work on figuring how others have presented their systems on the site.

Wolfe Waves

Meanwhile, I get to hunt for ideas. This one from ff and http://www.wolfcharts.com/manual.asp fits in with midlines and other devices used on this thread, one-upping 'channel-turn' .
Examples are at http://trading-languages.photoposts....howimage=18199 , 18208, 18201, and 18204.
I just now found the below charts, none of it's been done for years or something; and, it includes and mostly copies the site's instructions.
The way I drew the WW's was to find a single, clean bull run, and note its top (1). Then, I looked for seven bull waves, the big turn being at the seventh wave's turn and that seventh wave being above the fifth wave's turn.
Once this seven-wave pattern showed on the chart ('this' being all after the fact) as producing a good run, one draws a trendline between tops 1 and 5 and bottoms 2 and 6, making sure it looks like an upward-going wedge. Then draw a line between top 1 and bottom 4 and between top 5 and bottom 6; usually, they intersect at a pivot.
Examples 1, 2 and 4 use the pivot to denote the approximate end of wave seven's drop and the almost-exact point where this end turns the opposite direction, sometimes needing a horizontal line drawn from the intersection's pivot to reach that point.
Example 3, however, includes a head-and-shoulders pattern that repeats through all its waves; ex. 3's waves seem to denote the start, top and finish of each head-and-shoulders pattern. One is forewarned somewhat, the initial bull run has a decent-sized and -shaped head-and-shoulders pattern before it.
This inclusion of a repeating pattern in ex. 3 was perhaps the reason its intersection never happened; instead, several deviations from the almost-parallel lines each represented the next trends counter to the central uptrend. I applied a midline between the two unintersected lines and then copied this midline and pasted it atop the upper of the two unintersected lines, finally drawing a line through the top of this midline. I then repeated this process until example 4 finished. The deviations were reasonably precise or needed a small, perpendicular midline to the given deviation to call the turn toward the next deviation.
Example 3 makes me think Wolfe Waves are heavily involved with patterns -- Example 2 involves more a symmetric triangle than a wedge, and the deviation channel in example 4 and the ledge (where a price-time line creeps down anti-logarithmically and on apparent slow volume before it reaches a point where it drops like a rock off a ledge) with example 4.


pattern-repetition pivots (more about)

Using Wolfe Waves reminded me of an idea I showed in a few posts recently. The base of the head-and-shoulders pattern / bull run preceding examples 3 and 4 (in 18209) complements the post entitled 'weekend report' , which is a horizontal version of the vertical-line-based approach in the post entitled 'pattern-repetition pivots.' The head&shoulders patterns' repetition on the 1' is scaled to the 15' twice in the chart shown, similar to the 'weekend report' 's.
What I don't understand is why it did this. I've seen same-scale horizontal versions of the time-series pattern-copying that only topped the run the time-series just did, and the older pattern copied was only that, copied, before the top finished.
I'm thinking what the 18209 chart showed also included an encroaching on the area that the 'weekend report' showed with greater involvement; 18211 shows the vlt version of 18209, where 18209's base intersects with the top of the 'weekend report' post's second vlt pattern. That vlt pattern either looks like a head-and-shoulders pattern or the 1' 's repetition helped make it that way; either way, 18209's chart happens at a price-time line area above and before that of the 'weekend report' 's.


on consolidations

There seems to be several key patterns that can define each consolidation, depending on where the consolidation happens. 18209 and similar show an inner repetition of one key pattern. Consolidations also usually have a center; my post at http://www.forexfactory.com/showthre...08#post2349008 shows two patterns that each seemed to center their respective consolidations. Finally, some kind of bookends seem to form, often rl or a localized pattern. (This last one explains to me why I saw entire (smaller-scale) consolidations made of 'maybe' 's in the all-time-chart (atc) 's top's consolidation.)
Once or if I understand what it all means, I'll fully document a series of these consolidations and their key patterns, along with involvement of the pattern-repetition pivots, Wolfe Waves and other ideas to extract projection from them.

observation: Each setup usually needs only so much pattern study for its interpretation to be complete.

For instance, the oscillator 'system' above limits pattern study to, for the thin, dark, wavy lines, interpreting a jump down/up, a side to avoid, or a few simple trendlines, and for the hull-T3 crossover and ZUP, interpreting different variations of these patterns or ersatz patterns; and, since you're scalping in the setup, multi-scale awareness is less necessary.
I just studied another setup, this one simpler (JB COG Channels, smoothened hiekin-ashi,) and while it proved useless for scalping, it did well on a slightly higher scale with a more-complex pattern study that causated/finished on 'last-lows', the last post's 'On Consolidations' 's patterns, or other patterns that decide on an intervening space's single turn.
The continuous-patterns scalping noted in the first few posts leaned toward each of its patterns containing a single line with defined turns, using only trendlines to define each pattern going into the next pattern; this approach proved useless when multiple-turns-surround, given-space-pivot, or other groupings of patterns were more predominant, or looked at another way, when one had no more names for a space in terms of a single line with defined turns.
Something like a regular hiekin-ashi, with no other indicators, has enough data to make several categories of patterns: A lot of patterns that are made of a single line with multiple turns (that is, head and shoulders, Gartleys and the like,) patterns that contain multiple turns within what it surrounds (that is, classic patterns like triangles), or patterns similar to the noted 'last-low.' This can be good, since finishing/causating with a study involving multiple turn-capture categories of patterns can lead to capturing a bigger-scale move.


another observation: Limiting a setup's variables also limits the amount of data one must understand to be sure of a move's direction. One setup's visually-apparent information allows answers another setup doesn't show, even on the same scale or with less data provided.

One can limit one's understanding of a simple chart, which has a nearly-unlimited number of variables, thru only using indicators that fit into a simple chart easily and manage to reduce alot of data into a few choices, such as using trendlines measuring expansion/contraction and horizontal lines measuring support/resistance on a smaller scale and a pattern set with its choice of turn(s)-capture (probably one that simply explains a lot of (possible) trendlines / horizontal lines, like triangles and similar classics) on a bigger scale. The setup is complete and also it limits one's understanding enough to trade only the moves selected. One may see extra data, only one either ignores it because it'd interfere with the relatively-complete setup already designed and forward-demo'ed, or one turns to another setup that finishes explaining that data.

This revision of the oscillator system is also untested; of note was an exacting CFP.

I dropped the ZUP, THV COG and CCFP, and moved the noted setup to the 15' to track the middle of moves; the 15' can take on more-complex chart patterns. I then made a 5' setup for entry and exit:
the price-time line, with drawn-in curves copying a logarithmic curve
JB COG, bands, which doesn't redraw, to measure the (counter)trend
CFP, on the chart, guiding drawn-in trendlines, to find pivots
hiekin-ashi, separate below the chart, with drawn-in midlines, for balance
I only brought in a few patterns, to decrease trading-hour work time on the faster scale. The drawn-in logarithmic curves happen one after another, approximately; they depend on the vertical, as balance, drawn in when a vertical midline covers the candles' range, the horizontal. Any special balance patterns or ideal logarithmic curves would be noted, especially in downtime with other scales.
Finally, I trendlined a simple 1' candle chart, to try and avoid obvious errors.

Only setup, now:

JB COG;
Pivot Points MultiTimeFrame;
Hiekin-ashi on chart
and in a separate window

I'm working on, or rather found I've been working on for a long time in sporatic examples, a balance / ersatz-balance with midlines system that has a same-scale regular thru-put (or jumps among scales to find what explains what the current move is reacting to, or even an x-y - axis version in different scales that does same) that goes thru the current balance area.

Untested, ignore:

Heiken Ashi (on chart)
Sidu-Crossover_Signal (removed, reloaded if off-center)
CFp (on chart : Before put this separate-window indicator onto the chart, while the MT4 platform and the chart concerned are open, open CFp in MetaEditor and retype 'separate_window' to 'chart_window', compile and Save All and then apply indicator to chart. You will see nothing new on the chart, only on the indicator list. (If you have other charts with CFp already on the chart, delete them now and reopen them after the procedure.) Next, retype 'chart_window' to 'separate_window', compile and Save All and CFp will appear on the chart. Caveat: I know nothing about programming, got lucky on this one step after asking someone who does and then thinking about it for 2-3 weeks. )
CCFp

-- patterns on HA
Yes, I'm still working on it...

-- confirmation from Sidu_Crossover_Signal
The signal looks to be a multi-moving-average-crossover signal, and seems just as good as any to go with the sometimes-overwhelming pattern studies. Another way to get simple signals to confirm pattern-study results is popular sites' directionals such as at action forex and tradingmarkets (free signup on latter.)
-- CFp on chart
This indicator helps one draw trendlines and also midlines for getting side balance upon which can base ellipses and, if from the middles of two side balances, fans. The CFp line also obeys, in its own way, the same drawing tools the price-time line does. I didn't see a zero line on the chart.
-- CCFp in separate window
This time (see earlier post,) I just followed the instructions at the maker's site, notably figure 8b, and made the lines bigger and brighter for the chart's two currencies. I saw no practical use of the indicator for pivot signals. I did get direction-strength modifiers from the directional angle of each currency's line, and used the zero-line, which is non-lagging and only figures in after you know a certain direction is being taken.
These help, in a few examples, one exit the Sidus on a long haul if the lines diverge from the general direction without breaking the zero line, or, if the CCFp's two currencies' lines diverge between themselves, help one be ready for a fast exit off the Sidus.

I'm a bit lost on the various approaches based on time intervals -- Regular-session times; (one threader suggested) each hour (:00) (was significant), (and I've seen) 0945EST and other sessions' opening hour, 0700-1400-1900-0000 GMT, end-of-week, and others, and then there's DeMark's 13-candle-counting, the pattern-repetition-noting Fibonacci Time Zones (not time series, which I've been saying), Gann's minute program (tedious), and others.
Also, a well-known FF threader suggested the EURUSD was slower intraday than GBDUSD 3-to-1, so the latter's been on my screen more. EURUSD's still great for understanding patterns' relations within one chart; there is, in EURUSD and probably in others, an intra- and inter-area sense to why a pattern and patterns similar to it happen at any one time.

I dropped the WK-D-4H pivots; it seemed more sensible to know the big charts' action around each major turn and why and when one stretch between such turns is preferred over another ('weekend report' post and similar; still working on this idea in its entirety), than to blindly follow horizontal lines that work precisely sometimes and are useless at other times and thus never to really understand why the pivots work or not. An example is, on the GBDUSD, to midline or other at the 1.4544, 1.4849 horizontal lines at very-longterm trendline cross' high and low pivots in May/June 2002, and include the local turn of 1.4896 at 1928GMT 121808.
Also, if there really is a permanent fibonacci for charts, the drawing tool seems moot beyond form-fitting on a larger scale for lack of owning thereof.

I'm also comparing the charts of like economies (GBDUSD and EURUSD, USDCAD and USDJPY (oil producer, oil purchaser), NZDUSD and AUDUSD, and USDCHF and EURUSD, of the majors) to make it easier to get vertical/horizontal balance between the two charts. One approach (on UC-UJ, at least) is this:
To match the balance of one chart with the other, put a midline on one chart and get one at same times for other chart, using side patterns and verticals' pivots. Neither chart may have balance, both charts together do; doing this, one may find effective connection points even at midline-traced mid-air ones, if chart's price is at the middle of the midline or at other such significance. Express the shared balance found between the charts with a choice of 137-degree fans connecting pivots and 137-degree ellipses relating entire sides or verticals on each chart.
Interchart patterns and drawing tools applied to them do ignore single-chart pattern repetition and other features that get the next move better; I don't get how inter- and single-chart ideas work together yet, perhaps similar to how the CCFp and CFp do with the Sidus.

Finally, I've been wondering if a good order for considering how to divide into areas lots of patterns (besides the order suggested in the 'choosing a setup...' post) was this:
Sides, and side-channelling up-and-down lines each matching the channel walls
The latter, with a single large jump in the middle (like a head-and-shoulders, which to me 'caps' a trend's energy)
The same, only with a single small roll on either side of a single large jump (like a fighter jet ('absorbs'))
a group of erratically-placed pivots all jumping from each other, with triangles at tip of each pivot in most such groups
Verticals, and deviation-divided verticals.
An area may then have a predominance of type 1's and 5's, such as with well-defined balance patterns, have only type 4's, or, like in the thread's earliest posts, have lots of different patterns linked together, and thus having more type 2's and 3's . Roller language (whose patterns are simpler than the above order's ones) with balance patterns and the above types 2-4 (or, alternately, such patterns in the 'setup...' post's order) delineate W-D-4H charts' pivots' approach/regress and central areas' characteristics.

next one-time version:

JB Center of Gravity
BH_DoubleStoch_v2 (for divergences)
Heiken-Ashi

This involves lots of candle reading to work. I used the 1' for heavy candle interpretation, 5' for the stochastics signal the 1' confirms (and maybe some one-tap Gann Fans,) and 1H. The last gets heavy candle and pattern interpretation, for chart areas (increases margin) and 1'-copyable results from multi-line devices (retrace, fan, ellipse and others.) The BDS approximates area for candlework.

It seems that in my prior versions, I was asking the chart to obey the indicators (hoping money management'd pick up the slack,) rather than reading the chart with help from the indicators. This time, I kept relative to every move the chart ticks, a single 1' candle or a group of them through reasoning an interpretation of their actions around the COG bands and various drawn-in trendlines.

another version (demo) --

indicators:
Sessions
Heiken-ashi
Volumes -- which, was told, is platform used's tick volume

drawing tool:
fans -- set for deviations (the .236-.264-.736-.764 and +-1,2, plus 0, .618)
and aligned, oft in midair, with vertical trends that midline sev'l times
ellipses (optional) -- non-midlining vertical lines
horizontal lines -- higher-scale x-y axis lines, described in former posts
trendlines -- in pattern-tick study, and with the x-y lines as midlines

rules (temporary, at best):
1' chart for trade, 25:1 margin with per-trade compounding and 50-pip physical stop (about 10% of capital) for any area, adjustable to 125:1 margin and 10-pip intuitive stop with known range;
an exit on an intrinsic reason or at the first rush of ticks past one's entry;
an intuitive stop (about 2% of capital) that exits one's position at violation of a trade's reason;
intermittent use of the method, since it takes a lot of personal energy.

The approach is mostly a pattern-tick study, with an almost-continuous and mostly-correct reading of heiken ashi for pattern, which are mostly balance (from smaller-scale) and balance-driven classics (for larger-scale,) and inclusive of trendlines, few of which are drawn.
A modifier to the last's continuity, and thus to using the method intermittently, is that the pattern study varies regularly with tick-speed study. The market speeds and slows a lot, thus one does faster trades from in-candle and thus with more tick study, to slower trades with multiple candles and thus involving more pattern study.

Some people prefer no indicators at all, just PA, only I find a fast market needs absolute boundaries to limit the line's range. The application of fans noted above works in consolidation areas for a day or so, until they turn into near-horizontal lines.
It can also capture post-vertical-trend moves, given the PA moves are the same length each (that is, deviational) and as the vertical trend's last section. I found this idea to work with one minor exception, where a session had started and cut off this pattern repetition before the next fan lines was reached; PA then corrected itself to that fan line in a new direction.

I want to premeasure each vertical trend, also. I don't think the application of fans above would be enough. I could take time to preset higher-scale x-y axis lines as described in former posts, and midline from them into the fans and the current pattern-tick study. This'd be dangerous while in a trade; another method, faster or automatic, may work.

I've been looking at other newbies' threads, and noticed a lot of my trading mistakes reflected in their words. Sometimes I would write, until decided it was better to claim the sense of it here. It didn't seem appropriate to disturb the repartee already so evident on a newbie's thread, with this involved and pointed response. In the last, I'd written to a typical newbie, and, with names and a few other things changed to create a letter to myself, post it below.

--------------------------


(your name here),


Your trading knowledge is admirable, skill appalling. I read so much of my own errors into the above, what is next may be harsh. Please forgive me in advance if I'm wrong, misquoted you, was rude, made obvious points, or went on a bit.


----

It's great reading trading mistakes we share. In doing so, I can point to inconsistencies.

You broke a perfectly good technical method's rules in the loss. That's psychology. If you were to re-order your list of trading problems, difficulties relating to psychology rand first, and adjusting your method, like including classic patterns, rank a distant second.

You also gave in to the lure of the tape.
You lost wildly to one method with a lot of possible reasons, that of reading the unadorned tape, tick or measured price-time line and related patterns, over managing the losses of your proven rote method, which has very few available options to reason with or mess up.
Think of it this way: You didn't lose in live to a misread double bottom, you lost to a series of ticks, each microseconds long, that produced that double bottom you found on the one-minute or larger scale. I'm training on the former path. Believe you me, a turn has very little to do with only a classic pattern.

You seemed to imbalance use of your method.
Perhaps, you had no exit reason in the double-bottom trade, just a stop that may trail. You could definitely 'revenge-trade' if you knew where to enter and exit, showing the market who's boss, instead of just taking an emotional entry, that is, a 'stab' at the boss, who can take it better than any of us.
An exit reason of the price expanding on more candles and ticks is enough, if a little unsettling versus a moving-average cross or something else just as visible and repeatable. A fixed TP is also fine, if you have an idea of why it's there.

You made a plan in demo you didn't follow in live, at least in your losses. That means you're innovated in live. It's great you quit trading live when unsure of your plan, unconsciously or otherwise. Then you say "I'll still use the demo account to improve my method or incorporate new things."
Agreed. An approach's pitfalls and ordinary miscalculations and interruptions keep money management busy enough.

Your words foster 'discipline', 'patience' and 'caution', countering the losing trade yet mixing uneasily with the negative emotions in "that I can 'easily' reach."
From my experience, reason and emotion keep an uneasy distance that is often mishandled.
Reason is 'comfortable' with losing, it's part of the plan, and limits chaos; it knows it only applies to certain events.
Emotion, in trading, may be reason's support team; if reason fails completely in loss or is taken for granted in profit, emotion increases either direction dramatically and thus chaos.
Emotion may work thru converting the reason that works into faster modes of the gut or other physiological-response area thru training the latter each time one uses the reason. These areas of feeling also easily and unconsciously switch to other uses, such as revenge on the market or a relationship problem one needs to reposition oneself in to regain self-esteem. The feeling or intuition, partly unconscious, is more difficult to decipher where it's useful in a current trade; and, one may get off-kilter crafting a trade from slower reason and faster feeling.

New indicators using:

Sessions
#Signal_Bars_v7, for a snapshot and possible confirmation (DROPPED: based on moving averages)
THV Trix v4.01 Div, reading only the divergences auto-drawn on the chart as lines tracing the general trend
VolumeTrader's levels, including the last trading day that aligns with current consolidation of most-recent big run
three-digit symbolic levels, to fill the gaps the volume levels miss

plus,
deviation fans, to deal with big runs
tick, reading it for especially busy times relative to the PA, 'chat'
the 'chat' approach, to deal with all of that stuff that isn't a big run, though it includes them

A new pattern-reading method is 'chat', or, about all of the description I have of it now, each of two general pattern areas (one more trending, other more shape-based) having smaller pieces of patterns in them that each change one degree from one area to the next. Occasionally, I'll also include more-formal patterns such as balance patterns, which work to frame or otherwise define a larger section of several pairs of areas. The reason I call it 'chat' is because the two areas exchange information, influencing each other and creating a general area; and, one must, every once in a while, read a good bit of the chart at the candles-just-touching or one-more condensed level to keep in shape for slicing into the current chart to read it.
I'd rather keep this method with tick-reading, and drop the auto-indicators with their dependencies, if possible.

Plus, I'm working on a psychological method one diagrams during a trade that covers dealing with oneself enough to trade profitably the impulse signal after make it from reading the above material on the chart and making a conclusion about where the next big move is.

Note: This nascent method only uses MT4's 1' scale, due to 'chat' 's efficiencies.

indicator:

Hiekin-ashi. 1', candles just touching.

The lines/indicators in the last post work fine (added Gann Fan when it's obvious there is one,) it just seems like it'd be a real kick to go no drawing, no indicators and one, exactly one scale, the smallest scale. Demo, as usual. Lines seem more an issue with grounding and a lack of pattern knowledge than a need, and doing only one chart and no indicators encourages a more-logical interpattern (no formal patterns) study. No grid (keeping relative-scale property.)
Hey, it's worth a try.

Postscript:
This IS for me. Dang. I'm using a trading journal to study the balance, patterns copying and morphing, and various lines the PA creates tension around. Sometimes, tension lines seem to choose one device or another to solve their tension, such as a differently-angled vertical line to finish a pattern area. It also includes psychological notes which I can easily include in describing how I made a trading decision.

Trendlines are only a proxy to understand where what the current price is balancing with is from. Balance and their patterns, with pairs trading, are this important. Thus, midlines (highlighted MT4 lines) are often just as important. You often have to go to a higher time frame to find the balance the current price is at or seeks.

I auto-ed trendlines that serve as s/r 's rather than take time from midlines and balance-finding, thru channels, a floating midline, impulse foundation and continuance, direction, and pattern:

JB COG
moving average (lwma (34))
normalizedvolume
nonlaggingma
HA

Of course, I've only used these a few times.

This is another simulator-viewed, untraded version.
It allows me to focus more on price and volume, the basic line.
Overall, it helped me make an initial guess that the two indicators below provide candles to align with for the inside and the outside of each channel, and the balance areas somehow use these candles to decide the angle, width and length of the next channel, thus deciding on each consolidation area and trend the more-numerous channels help define.

1' all-smashed:
channels within consolidation areas, relying on interconsolidation-areas balance: shi_channel_true_TRO_MODIFIED_VERSION

1' somewhat-smashed:
consolidation or trend area balance, using the two types of candles below to somehow align (width, length, angle) the channel above between consolidation areas:
Hiekin Ashi:
balance patterns, regular patterns read for balance, and midline-based balance areas

1' just-touching less one:
intra-consolidation / trend areas' channel definition:
a VSA bastardization (too lazy to read book/site now) from normalized volume (NVO, white (highest) bar only, line dotted and put onto chart window) and CDRW Spread

One can follow and/or scroll the interrelation using only 1' just-touching candles.

I noticed the candle at CDRW Spread's highest-spread volumes, or thusly relative to what's after them,
tends to align prices with the same later, defining the horizontal's and/or the next channel's midportion for a while,
so that these candles, especially the next (few,) tend to align with each other.
And, a candle at the most-historically-high volume, i.e. the white line on NVO (the rest of NVO's lines erased with 'NONE' color, and 15 (for G/U) strength, put on chart window with dashed line preferably)
tends to define an area's channel's angle and thus its edges, that is, its line or pivot, or a somewhat-later area's line or pivot,
so that these candles tend to make tangent another, especially the next (few,) such candle(s.)

Good on ya h.a.
So far you have exhibited a proess for research.
Take a deep breath & apply it rather than spewing it.

Currently your proess garners no fruit, but, it will.

If this is how You see it, don't change. Your time is at hand.

Agreed.
Thank you for your kind words.

Alright, so I'm beginning the path of applying.

 

1. JB COG / 34 lwma surrounds and stablizes the price-time line.
2. CDRW Spread / (on-chart, biggest-bar-only) NVO helps draw areas, trendlines, respectively. General local trend. (Reminds me of on-chart CFP w/a simple PA line, how it helps draw trendlines. (See older post.))
3. shi_channel_true_TRO_MODIFIED points to consolidations old, inside or new. (NOTE: I tried trading off them, have no clue how to do it nor how to use the rest to do so. Too narrow a range, for me.)
4. Hiekin-ashi helps, w/drawn trendlines, discover balance patterns, which surround with a frame shape. Consolidation -centering / turning patterns.
5. Trades occur from how the pressure from a local trend, the last clearly-drawn balance pattern, and how aligning consolidations / channelled areas point to new areas the price may go into. Conflict resolution thru energy release.

http://s5.tinypic.com/1124mtz.jpg gives a short example. Trade was taken at hre for 10 pips, went further.