BMI - MacD Magic Monster

Sorry, forgot to add the indie to the above post.

Good heavens! here I am quoting myself, what is the world coming to!

Just wanted to post a textbook example of what I meant in the above quote. This one happened in the EURUSD today and did everyting it was supposed to .

"If firebrick has NOT turned up and the PA kisses, you have a 90% certain short trade." Remember BlueMental's quote? Well PA didn't kiss on this occasion but the part about the Firebrick slope fits perfectly.

O.K. That's it for me for today. Have a good one everbody.

Both cool indicators. The mind sometimes wanders, and a visual and/or audio alert is great. With The Golden Buddha, in your pic, any of the down arrows are tradable (since they agree with the general trend.)

Ummm, please tell me if I did or did not post the BMI Engine in this thread. I did post it somewhere, and it is (for me anyway) far more useful than having to physically enter trades and lots etc for each trade. I recall that it has a bit of a hangup with some Mt4's, but those things are easily fixable.

Thanks for the indie's.

BMI.

PA DID kiss, only it didn't kiss firebrick, it tested (and failed to break through) coral, and PA therefoe kissed coral.

Remember, the bounces and scallops. The reason they are so useful is the following. If the PA is trending down and is in the scallop pattern, then the kisses of the MA's above are brief single bar kisses with sharp climbs fillowed by sharp drops. Yet if the PA is down trending in the bounce pattern, the kisses are on the apex of the curve, (as it is in your picture.) It is far easier to get the timing right with the bounce pattern, but the scallop pattern offers fast profitable trades.

More important to realise is that with The Monster, ALL the kisses on ALL the MA's (from coral upwards) are tradable. Look at the kiss of the Grand MA (beginning of your pic)

BMI

Ahhh yes, kissing is a matter of degree .... a kiss on the cheek, on the lips, a juicey wet one, French Kiss

The thing to keep in mind, is that through observing the repeating cycles and patterns on the charts, we are aware (in hindsight) of the downtrend or uptrends beginning.

By looking with the right eye, we are also aware that The Affair (as can be seen on the charts too) is started with a Kiss.

BMI.

Fun De Mental.

With the indie's supplied by FxHermit, here is a simpler and clearer way of seeing the patterns instead of getting stuck on the minor details.

When driving a car, instead of focusing your attention on the dead bug on the glass, look through it and follow the path of the road.

http://img189.imageshack.us/img189/2...yh4ribbons.png

<EDIT> Oops, wrong pair </EDIT>


http://img13.imageshack.us/img13/214...yh4ribbons.png

Perhaps this (H4 GbpJpy) picture will allow you to see why I did NOT close my GY trade even though it was at +140 pips earlier.

BMI.

BlueMental, I like your colouring. A beautiful visual representation of market wave structure as created by PA. The EMA's collectively do a superb job of differentiating the Corrective waves and the preferably sought after Impulse waves at various levels. Very revealing view of "The Power of the Magic Monster". LOL, we're gonna get a Hollywood movie out of this yet.

That GBPUSD chart is spectacular! That period from December throught to April - what an absolute fortune making landscape. H4 is a great timeframe for that sort of thing and I think we have here, at our disposal, a great set of tools and the charisma to kiss and dance with her. What happens after that would require an Adult movie rating.

OK, the trade is still open and as you can see buy the white curve patterns in the image below, (they are offset so you can compare them with the chart data), the two bounces have now changed into the first scallop.

This is the tell I was speaking about, We are likely to see at the least two scallops, but I expect at least 3. GbpJpy has been in a range pattern (will post a separate post on that after this) and I only became aware of it after entering the short position.

The straight white line shows the clear and distinct change point between bounce and swing. This further indicates a trend change. (As I stated in my attempt to explain the way the PA tells us before it reverses)

http://img8.imageshack.us/img8/1815/...pyh1ribbon.png

As you can see, the PA has tested GrandPa, but has failed 3 times in succession. Notice that the last High is a Lower High.
It is still possible that PA will break above GrandPa, but to me it seems unlikely, since if viewed on the H4 chart, it is in the beginning section of a medium term scallop.

http://img693.imageshack.us/img693/4...pyh4ribbon.png



In this picture below, just for a bit of clarrification, you can see where the trade has been so far.(The scalps are not indicated here). Sorry the pic is a bit cut off and out of date, the text by the green line states "Did Not Close +240" and the drawdown reached -150 pips in the high after the one indicated.

http://img682.imageshack.us/img682/8...13gbpjpyh1.png

Finally, in this last picture, I show you the small trades I have opened and closed to augment the initial Sell position. They are all countertrades to the Sell, and are Hedge Scalping. (This account is FXCM London, so hedging is allowed.)

http://img132.imageshack.us/img132/7...10512to200.png

Do the math, these trades are +63.6 Pips, which I built slowly as an offset in case PA breaks above GrandPa. If I chose to close the Sell now, it is currently at +90 pips, meaning the total would be +150 pips.

This has not so far been a 'perfect' trade, but I still see it as being a 1000 or more Short. Time will tell. If you observe the D1 chart, it shows a possible long term reversal. If this is the case, it is likely that the PA will reach the last low or near to it (122.880). It might drop further, one can only guess.
Yet for arguments sake, lets say I am 100% wrong, and it reaches halfway to the last low at 129.838. That would make the Short (opened at 138.297) reach 845 Pips (138.297-129.838 = 8.459 where 0.059 = 5.9 pips)

BMI

With the colorful indie's supplied by FxHermit coupled with zooming out the charts one can indeed get the 'bigger picture' at a glance and the status of the flow of price.

The way I see it is I want to play the bounces off of support/resistance levels that BMI so cleverly identifies on MULTI TIME FRAMES. It takes some practice but the more you see it the confident you'd get with possible entries and exits.

Thanks,
fun_demental

First you need to download the Zip file attached so what I am showing in picture and text form makes sense.

Read the PDF, then load the xcel file, THEN look at the pictures on this post.

The following picture is the D1 chart of GbpUsd. The likely pattern for the PA to follow is shown with the White curves.

http://img34.imageshack.us/img34/835...0513ribbon.png


This Picture is the 'forecast' of the D1 UsdJpy. The likely PA path is the White curve, while it is possible (not a great % chance) of the black curves being UsdJpy's pathway.

http://img214.imageshack.us/img214/5...0513ribbon.png


These depicted paths are as you must surely realise at best, 'educated guesses'.

We can not ever really predict the market (or anything else for that matter) but we can see the probable paths that are already in motion and where they most likely will tend towards.

Assuming that both the white curves on these two charts portray the two pairs, we end up with the following pictures calculations.

http://img23.imageshack.us/img23/492/gbpjpyforecast.png



If however (like winning the lotto) by a stroke of good fortune, the UsdJpy were to follow the Black curves pathway, we end up with this pictures calculations.

http://img22.imageshack.us/img22/816...tblackpath.png


It is a win/win situation. If things go the way of thw white pathway on both GbpUsd and UsdJpy, then the Sell gets about +550 pips.

If it goes the black pathway on UsdJpy while GbpUsd goes on the white pathway, then the Sell gets +2288 pips.

Regardless, I am happy with the trades possibilities. As stated in the post prior to this one, I am still keeping my eye open for low risk hedges that can be used as a security in case ALL my forecasting is wrong.

While if the forecasting is right, the hedging is merely adding more pips to the overall trade.

BMI.

The Magic Monster continues to work it's magic as the Impulse wave unfolds. Very nice opportinities as PA interacts with the "zone" making the lady easy to dance with. What wonderful relaxed and stress free trading this methodology provides.

P.S. BlueMental, just starting to go through your new info ... already very interesting. Your posts are superb. Thanks.

The strange thing is this. I decided to put a bit of what I have discovered over the past few years because of "The Dance". By reading that thread, it finally clicked things into place that have been missing all along in my trading toolbox.

The 2 separate things are.
1. MA's are dynamic SR levels if you find the right ones that offer brilliant entry points when bounced off.

I was fully aware that the MA's were SR levels, but my viewpoint on them was in a downward trending scenario, if PA touched or crossed above the MA's, it is time to exit. (How backwards my viewpoint actually was!!)

2. Round Numbers!!! are SR levels.

I had never, ever thought of number in my trading philosophy. As you have no doubt discovered, I prefer to view the fractal pattern structure and see the dynamic interaction of shapes in the data, rather than looking at the actual numbers themselves.

Once eclayf brought that to my attention it seemed so obvious I was actually surprised I had not realised it AGES ago!

Thinking back, one always hears the 'importance' of numbers. Like the $300, then $400, milestone's of the Gold price.(latest one was $1200). Same with the Oil prices. I was so dumb not to notice the round number conundrum that has in the past (I now realise) destroyed many a trade of mine. Whether it was by turning for some reason I could not see (hitting and bouncing off a Round Number) or ranging for some reason that appeared unharmonious (to me) and not in flow with the data flow patterns. (Refusing to break beyond a round number).

The Mob lynching of eclayf together with a book called Battle Royale as well as the Round Number realisation has just clicked one other vital piece of information into place in my toolbox.

In the story Battle Royale, young students are placed in a 'game' by their government. They get collars placed on their necks that contain explosives, and if they break any of the 'game' rules, the controllers of the game detonate the rule breakers bomb.

The rules of the 'game' are simple. The winner is the last one standing, and if no one dies within a given time period, then all the colars will be detonated.

You will soon see why I bring this 'non forex topic' up.
In the story, one young girl had seen the end part of fight early on in the 'game' where one of the main characters, Shuya was removing an axe from another guys cracked open skull.

That girl had not seen the leadup of the fight and did not realise that Shuya actually tried to convince the other guy to NOT fight and to find a way to escape, and that the instigators of the 'game', their government were the true enemy. He was forced to fight in self defence.

The girls perspective (as you can imagine from what she saw) was that he was a brutal monster that murdered the other guy.

Much later in the story, because of her perspectives, Shuya (who was badly wounded) had finally managed to convince the leader of a group of 6 girls that he had found a way to escape the 'game'. Yet that girl that had embedded in her mind the original perspective, placed some poison in the food that was going to be given to Shuya. She wished to kill 'the monster'. She was convinced he was manipulating the group and would kill them all once he got his strength back.

One of the other girls walked in from outside the room and before she could be stopped, took a bite of the poisoned food.

You can imagine the scene, those that once trusted each other suddenly find that one of their own had killed a member of their group. Mayhem breaks out and a killing spree of mistrust and fear occurs.

Round Numbers are no different. The people's belief was unbreakable, Never in a million years will anyone break the four minute mile.

Never will the 100m sprint be done under 10 seconds.

There are lots of these 'round numbers' so to speak.

I bring this to your attention FxHermit, since you are the only person that is actually reading this thread and seeing what I have posted.

The rest are seeing 'another Keith' or a scam. Their perspective has become biased due to the public lynching of eclayf.

BMI

You saw the opening of this trade. You saw the predictions/forecasts and reasoning I posted regarding my actions in this trade.

http://img696.imageshack.us/img696/9...4gbpjpym30.png

I have closed this trade prematurely.

Reasons for closing.

1. It is Friday. (why leave it for a possible messup on opening.
2. It slammed hard into the Round Number of 134.000.
3. Including my other trades to augment this one (yes including the dumb mistakes I made), My balance on this Account was $214.79 and is now $538.60 = 150% profit in 5 days.
4. I chose to curb my greed gland.
5. If this is not enough to show you the Power of The Magic Monster, then nothing will ever be enough.


http://img15.imageshack.us/img15/740...10512to200.png

BMI.

Actually, I have your ma's on my chart too, just never commented on ure thread, but following it as well. Pretty good on a renko chart!
Pardy

The BMI version of FxHermits quote.

Power is not being capable of destroying an entire forest by one action and doing it.
Power is being capable of destroying an entire forest in one action and NOT doing it.


Here is a Poem I wrote in 1998. I hope it serves you well.

Shadow Dancing

fight it with anger in your heart
it will consume you
delicately try to pull it apart
it will confuse you
choose a side and stand your ground
it will get stronger
run towards it to catch a glimpse
it will make its steps longer
ask it questions to clear your mind
it will deny you
act as if it is not there
it will defy you
follow guidelines you think are right
it will rule you
set traps to catch it
it will fool you
hide away yourself in dismay
it will find you
love it and hug it
it will come out to play
sing and dance
it will clear your way
it is you
it is you
you can not go astray

BlueMental

I also am using the MA's...quite brilliant imo.

thx,
todd

Between FXhermit and BlueMental's commentary, receiving a great education on PA and MAs. I am committed to reading every word; keep it up and don't feel you are not be heard and appreciated for sharing.

BMI,

I read and follow your posts and system, quietly trying to assimilate what you have so freely given. It is appreciated, please keep on posting. As you can see from my posting count, I prefer to sit in the back of the class and take in the gems of wisdom that are presented here.

As suggested here, I re-visited "The Dance" thread ( the first time having pass on it as the system was more estoric and fluid and I was looking more for a mechanical sytem). This time, reading it together with your system, it started to making sense. The two systems are like fraternal twins (alike but different).

It's unfortunate that such events happen of a regular basis here on FF. I seen the "MP ???? 500 pips and all the ice-cream you can eat, C4/Nitro, and now The Dance thread closed down. The accusation in all cases was that the thread starter scammed some poeple of their money. Not being a party to complaint, it becomes a he said - she said type of argument to me. Neither side have presented their case beyond a reasonable doubt (which is a fairly high standard I might say). The truth is probably somewhere in the middle as they say. The common thread in all these cases is GREED and LAZINESS. People willingly handed over money to someone they did not know and in all probability they haven't even meet. They are too lazy to test the system (or claims) to see if they are legitimate. Their greed takeover and see nothing but $$$'s. They forget one unalienable fact, Reward & Risk, The bigger the reward the higher the risk. When it all blows up in their face, they cry foul. I know, no one deserves to be scammed, but at least look at yourself in the mirror and take responsibilty for your actions. It's not ok to say I'll publicy apologise after the thread is closed if I am wrong. You did not do your due diligence the first time and you are not doing your due diligence this time.

Enough of my rant.

BMI, keep presenting your ideas. There lots of kids in the back of the class here watching and trying to take it all in.

fxtrader2k7

Pardy,

What size bricks are you using? Are you using the renko ind/ea found here?

fxtrader2k7