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A delicate secret

  • #221
  • Jun 3, 2014 10:13am Jun 3, 2014 10:13am
I like puzzles as much as the next guy, but if this one has a solution, it escapes me. Is the math some obscure variation of Chinese algebra? How 'bout throwin' us slow dogs a bone?
  • #222
  • Edited 2:31pm Jun 3, 2014 10:19am | Edited 2:31pm
Quoting Old_Dog
{quote} Here you are Neio! Hmmmmm!! Looks like I missed a damned good short here! Had to go out shopping with Mrs OD Best regards, Old Dog . {image}
I used to work with simple high-low resistance/support flips. Seeing your charts it looks very familiar except that there is one extra filter added I cannot seem to grasp just yet. When often an orange bar high is broken, there is always a green bar taking place eventually, to then, most of the time, create a low near the high of the previous orange bar; pure R/S flip.

The extra filter might consist of force of drop or rise; most new bars seem to be generated near the close of the bar that created the break of either orange high or green low... Keeping the remainder for myself since I might be completely off with this theory.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdd_010.png Size: 28 KB
  • #223
  • Jun 3, 2014 1:15pm Jun 3, 2014 1:15pm
Looks like reverse engineered supply and demand zone trading but using a reverse candle, in consolidation after a period of sustained direction, as the profit level.
  • #224
  • Jun 3, 2014 1:57pm Jun 3, 2014 1:57pm
I'm sorry, I don't see it...

ANY hints? Starting points perhaps to get us pointed in the right direction?

Anything?

H
  • #225
  • Jun 3, 2014 2:09pm Jun 3, 2014 2:09pm
Quoting Old_Dog
{quote} Here you are Neio! Hmmmmm!! Looks like I missed a damned good short here! Had to go out shopping with Mrs OD Best regards, Old Dog . {image}
Looks like your indi missed this one with the dotted line. Price returned to it perfectly....
Attached Image (click to enlarge)
Click to Enlarge Name: Delicate.jpg Size: 73 KB
  • #226
  • Jun 3, 2014 2:58pm Jun 3, 2014 2:58pm
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Old_Dog
{quote} Here you are Neio! Hmmmmm!! Looks like I missed a damned good short here! Had to go out shopping with Mrs OD Best regards, Old Dog . {image}
OD,

Does it always alternate between orange and green bars? So that you always have one which targets the top of a bar followed by one that targets the bottom?

Regards

Neio
An expert is a man who has made all the mistakes which can be made
  • #227
  • Edited 4:22pm Jun 3, 2014 3:05pm | Edited 4:22pm
Quoting HannesJoub
I'm sorry, I don't see it... ANY hints? Starting points perhaps to get us pointed in the right direction? Anything? H
Look for periods of consolidation and then a breakout of that consolidation. Identify a candle that is reverse to the direction of that breakout in the consolidation zone. Price most likely coming back to that candle because most likely place where trapped traders will get out for break even or small loss if they didn't place a stop the otherside of the candle. This would explain the reversal at such areas when price comes back to it, alongside waiting orders that didn't get triggered with the initial breakout. So why does price return, traders pushing market into the orderflow to trigger more orders. Possibly a good odds enhancer for all those sam seiden fans out there. I might be completely wrong of course

Edit: Its actually completely different to ops method but just shows that there are a number of possibilities or interpretation for price reversal to a level.
  • #228
  • Jun 3, 2014 3:11pm Jun 3, 2014 3:11pm
Quoting Porkpie
{quote} Look for periods of consolidation and then a breakout of that consolidation. Identify a candle that is reverse to the direction of that breakout in the consolidation zone. Price most likely coming back to that candle because most likely place where trapped traders will get out for break even or small loss if they didn't place a stop the otherside of the candle. This would explain the reversal at such areas when price comes back to it, alongside waiting orders that didn't get triggered with the initial breakout. Possibly a good odds enhancer...
Thanks for the explanation...I will look at it and see if I can see what you all are seeing...

Cheers

H
  • #229
  • Jun 3, 2014 3:53pm Jun 3, 2014 3:53pm
Quoting Neio
{quote} OD, Does it always alternate between orange and green bars? So that you always have one which targets the top of a bar followed by one that targets the bottom? Regards Neio
Hi Neio

You are absolutely right! The fact the indy alternates between orange and green bars is not a feature of the method.

It is a limitation of the way I coded it . (But then it was just Version 0.01 knocked up in 10 minutes or so!).

There is no reason I can see why the bars must alternate. I am sure I should modify the code and then I might not have missed the useful bar that PorkPie pointed out!

A work in progress.....

Best regards,

Old Dog

.
  • #230
  • Jun 3, 2014 4:38pm Jun 3, 2014 4:38pm
@All the peeps who have sussed the principle being demonstrated here:

I saw one poster mention that this was derived from Pure Price Action, but to me all Price Action is driven by psychological factors - is this something to be understood to assist in the riddle?

I intend to pick up all the various hints and analyse the charts at the interesting levels posted to see what I can find on multiple TF's, but I've read this thread through twice now and I haven't twigged

I think sleeping on it will help.

Quoting Porkpie
Possibly a good odds enhancer for all those sam seiden fans out there.
Consider me one of those
  • #231
  • Jun 3, 2014 6:31pm Jun 3, 2014 6:31pm
@Old_Dog

First I wanna thank you for posting your interesting charts, so we got some more to look at and compare to.
Second, I'd like to ask something - I hope these questions won't ask for more than you are willing to reveal:

 

  1. Does "the simplest of Pure Price Action" mean that we are ONLY looking at the current TF (or are you using others too)?
  2. Does the generation of those green/orange bars only take into account the previous bars, or is it calculated using some of the future ones too?


Regards,
[ˈdʌmɪ]

  • #232
  • Jun 3, 2014 7:49pm Jun 3, 2014 7:49pm
In the soon to be immortal speech by Matthew McConaughey (http://www.imdb.com/name/nm0000190/?ref_=ttfc_fc_cl_t4) in the wolf of wall street movie there

"Number one rule of wall street NOBODY KNOWS whether..(price)... is going up or down... It's a fugazi"
*whizzy hand signals* "fairy dust!"
"..Its not on the elemental chart, its not real!"


Damn, that would make a good animated gif for a forum sig or a avatar, his whizzy price hand fairy dust style. God damn hillarious, but its true, the sooner you realize it, the better. Use a counter-strategy or get a Phd and get hired (or start) by a HFT firm.
  • #233
  • Jun 3, 2014 9:29pm Jun 3, 2014 9:29pm
Not meaning to sound sceptical but I would love to see how this behaves in a strongly trending market. It strikes me that it works nicely in a fakey market.
  • #234
  • Jun 3, 2014 11:06pm Jun 3, 2014 11:06pm
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Old_Dog
{quote} Hi Neio You are absolutely right! The fact the indy alternates between orange and green bars is not a feature of the method. It is a limitation of the way I coded it . (But then it was just Version 0.01 knocked up in 10 minutes or so!). There is no reason I can see why the bars must alternate. I am sure I should modify the code and then I might not have missed the useful bar that PorkPie pointed out! A work in progress..... Best regards, Old Dog .
Many thanks OD!

If you have time could you please post another EU M30?

That level that you marked earlier has still not been hit but price is working its way down towards it.

Regards

Neio
An expert is a man who has made all the mistakes which can be made
  • #235
  • Jun 3, 2014 11:06pm Jun 3, 2014 11:06pm
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting d-ummy
@Old_Dog First I wanna thank you for posting your interesting charts, so we got some more to look at and compare to. Second, I'd like to ask something - I hope these questions won't ask for more than you are willing to reveal: Does "the simplest of Pure Price Action" mean that we are ONLY looking at the current TF (or are you using others too)? Does the generation of those green/orange bars only take into account the previous bars, or is it calculated using some of the future ones too? Regards, [ˈdʌmɪ]
Good questions!
An expert is a man who has made all the mistakes which can be made
  • #236
  • Jun 4, 2014 1:04am Jun 4, 2014 1:04am
Quoting Old_Dog
{quote} Hi Neio You are absolutely right! The fact the indy alternates between orange and green bars is not a feature of the method. It is a limitation of the way I coded it . (But then it was just Version 0.01 knocked up in 10 minutes or so!). There is no reason I can see why the bars must alternate. I am sure I should modify the code and then I might not have missed the useful bar that PorkPie pointed out! A work in progress..... Best regards, Old Dog .
Ah! I still do not have the whole story then....

Still looking at the charts, and, nothing...
  • #237
  • Jun 4, 2014 2:32am Jun 4, 2014 2:32am
Hi Eurusdd & Hi Old_Dog

This looks very interesting. Thank you Old_Dog for sharing your results. It gave me enough confidence to explore this concept.

Old_Dog, it would be really great if you could post a zoomed out chart showing at least 30-50 green orange bars.

And most of all Thank you so much to EURUSDD!!

0
Focus, Patience, Determination & Order in chaos
  • #238
  • Edited 3:30am Jun 4, 2014 3:05am | Edited 3:30am
I stitched together all the screenshots EURUSDD attached on the first page together. Attached you will find this file. It might help you to see the big picture. I'm hoping to see something soon If it helps you, please be kind and PM me what you think.. hehe

(Note: screenshots are stretched or shrank to make the bar size be the same)

Thank you!!
Attached File(s)
File Type: zip Big Picture.zip   504 KB | 1,027 downloads
Focus, Patience, Determination & Order in chaos
  • #239
  • Jun 4, 2014 3:28am Jun 4, 2014 3:28am
Good morning all!

I posted the first chart below yesterday in Post 219.

CAN YOU BELIEVE IT!!! Price returned almost to the pip to where our theory says it would!! See the 2nd chart below.

I set a fairly aggressive short trade last night with a TP near the line. I have just crawled out of bed to find my TP has been hit!!

I have put nearly 10% on account with just 3 trades in 2 days .

I am now cautiously optimistic that we may have something very useful indeed here....

Best regards,

Old Dog

.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdd_012.png Size: 42 KB
Click to Enlarge Name: eurusdd_014.png Size: 49 KB
  • #240
  • Jun 4, 2014 3:31am Jun 4, 2014 3:31am
Quoting Old_Dog
Good morning all! I posted the first chart below yesterday in Post 219. CAN YOU BELIEVE IT!!! Price returned almost to the pip to where our theory says it would!! See the 2nd chart below. I set a fairly aggressive short trade last night with a TP near the line. I have just crawled out of bed to find my TP has been hit!! I have put nearly 10% on account with just 3 trades in 2 days . I am now cautiously optimistic that we may have something very useful indeed here.... Best regards, Old Dog . {image} {image}
Wow, that's really Awesome!
Focus, Patience, Determination & Order in chaos
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