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Funny Looking Rectangles & Useless Drivel

  • #81
  • Jul 28, 2014 7:11pm Jul 28, 2014 7:11pm
The EU chart from last week...
Attached Image (click to enlarge)
Click to Enlarge Name: lastweek.png Size: 190 KB
  • #82
  • Jul 28, 2014 7:20pm Jul 28, 2014 7:20pm
Quoting angelofx
Hi idoublestoch. I've been following your posts with keen interest right from the 'is random really random' thread. Your style is quite unique and i don't yet have a clue what draws price to these mysterious boxes and the fall line. I've been drawing boxes for 2 days now and i want to ask you how to determine start point/end point on a daily chart. I use 5pm EDT (fxdd) as the start time. I noticed almost 90% hit rate but also noticed a 400+ pips draw down on GN and there is also one on EURSUD for last week. I'll post the chart when i get the chance...
I guess you've learned how to plot the vectors. O:L, O:H, copy O:L and move up to connect with HH, copy O:H and move down to connect with LL. Intersection of both copied lines (called projection lines) is the Fall Line target. Look for boxes that complete with price far enough away from Fall Line to be of benefit to your cashflow needs. Trade in direction of a good long range directional indicator for best results. Novices might set stop at or inside of LL point or HH point, depending on which trade you are in at the time (if Long, the stop >= LL, of Short then stop <= HH). Rinse and repeat as often as necessary.

Whomever drew this for you is a genius:

http://i62.tinypic.com/y1bf5.jpg


Go buy that guy thank you card!
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
  • #83
  • Jul 28, 2014 7:31pm Jul 28, 2014 7:31pm
Quoting iDoubleStoch
{quote} I guess you've learned how to plot the vectors. O:L, O:H, copy O:L and move up to connect with HH, copy O:H and move down to connect with LL. Intersection of both copied lines (called projection lines) is the Fall Line target. Look for boxes that complete with price far enough away from Fall Line to be of benefit to your cashflow needs. Trade in direction of a good long range directional indicator for best results. Novices might set stop at or inside of LL point or HH point, depending on which trade you are in at the time (if Long, the stop...
I'm not too dumb after all. I'll pour myself a round.
Working on entries.
  • #84
  • Jul 28, 2014 7:34pm Jul 28, 2014 7:34pm
Quoting angelofx
The EU chart from last week... {image}

Something had to give:
http://i62.tinypic.com/n4wj09.jpg

Hidden Dragon won because there were stronger forces at play in the long range class. The older B2i slipped right past your eye while it was being struck from a superior position.

This reminds of that scene from Dune, where Young Paul Atreides is addressed by Duncan Gurney, to practice his hand-to-hand knife fighting skills. Young Paul, says, he's not in the mood. Gurney, tells him that moods are for cattle of loveplay. They begin the practice and in the end, Young Paul, uses the "slow blade" to penetrate the shield of Gurney. Yet, all the while, Gurney, had penetrated Young Paul's shield from underneath.

The older Bi2 is Gurney's blade. It was never struck and its configuration was more aligned with the dominant longer range bias, where Young Paul's blade was not.

Crouching Paul, hidden Gurney.

Inserted Video
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
  • #85
  • Jul 28, 2014 7:42pm Jul 28, 2014 7:42pm
Attached Image (click to enlarge)
Click to Enlarge Name: gnbox.png Size: 154 KB
  • #86
  • Jul 28, 2014 7:45pm Jul 28, 2014 7:45pm
Quoting angelofx
{image}
If it is Friday's Fall Line, then it has already been touched.
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
  • #87
  • Jul 28, 2014 7:48pm Jul 28, 2014 7:48pm
http://i57.tinypic.com/k53292.jpg
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
  • #88
  • Jul 28, 2014 7:53pm Jul 28, 2014 7:53pm
Quoting iDoubleStoch
{quote} If it is Friday's Fall Line, then it has already been touched.
yes. Sometimes the fall lines act as S/R.
  • #89
  • Jul 28, 2014 8:06pm Jul 28, 2014 8:06pm
Regarding the "Newer B2i" in the above D1 pic. Recall, that what you are using is V1 of an indicator that is now in V5.x form. So, we are not seeing the 90% indicator that I use in my system here in this thread. I cannot share that one. I can share enough to give you some inspiration to start thinking unconventionally about your trading. So, these B2i Patterns are not the best I've got at present.

Second, I did tell you about the OS1 indicator and what its job is relative to being paired up with B2i. For best trade results, you will want to pair your B2i with a good long range directional indicator (mine is OS1). I also indicated that you need to develop good TSA (Trader's Situational Awareness) about the Market Phase your pair is under. You need to be able to identify each of the five (5) types of markets and the two internal inverse market phases at all time, regardless of what signals you use for trading - that's just basic situational awareness that all traders need to have.

Third, what's important remember in this thread is "Tendency." Even in the "Newer B2i" above, you can see the tendency of price to move to its Fall Line. Eventually, the Older B2i Fall Line and its relative connection with the long range bias of that particular market took over and price fell to meet the older Fall Line.

Lastly, no indicator, signal or system that I have ever encountered is 100% effective. But, that's only because I have not studied every single indicator, signal, model, or trading methodology in the world - nor do I plan to. What I'm interesting in are High Density Probability Conditions and then stacking those Density Probabilities in my favor. It is an empirical approach that uses historical testing and optimization along a set of key parameters that include: Timing, Direction, Magnitude and Probability of striking an empirically established target.

Ultimately, I trade by what the numbers tell me. Those numbers are there for a reason - the market actually visited those locations and performed a certain way under a certain set of circumstances. So, I look for the tendency in a pattern to repeat itself and then I empirically determine the highest probability for continued performance against that pattern.

That does not mean the pattern will be successful all the time. However, it does mean that I've taken steps to mitigate as much risk as possible from the known equation. That is the bulk of successful technical trading, Risk Mitigation. Remove as much risk as you can without sitting on the sidelines and not trading at all - a zero risk condition.

A trade should seek to eliminate as much risk as possible, THEN seek to work on the other more "sexy" and "fun" stuff. Risk Mitigation is hard work and most people just don't have the stomach for that kind of hard core research. It is a total grind and very un-sexy.
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
  • #90
  • Jul 28, 2014 8:09pm Jul 28, 2014 8:09pm
Quoting angelofx
{quote} yes. Sometimes the fall lines act as S/R.

No. I mean it has been recently touched and the newer B2i has not. Gurney's blade is already in. Young Paul, is the one trying to strike through this time. Remember, this is V1, but we'll see how it does tomorrow.

Ok, that's it. I'm done for the day.
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
  • #91
  • Jul 28, 2014 10:07pm Jul 28, 2014 10:07pm
B2i is a very interesting framework to start exploring price. I still have no idea of the principle why should price be attracted to the fall line.
I am curious on:
Did you happened to discover it through accident by playing and drawing? (like how Issac Newton discovered relations of certain parameters that governs gravity)
or Did you create B2i based on some underlying principles? (like how Einstein found the curvature of space created gravity)


In any way, this picture is to give some the idea of how the funny rectangle updated itself in an hour, and what is obvious of a good rectangle.
http://i62.tinypic.com/2vsrdaa.png
  • #92
  • Jul 28, 2014 10:39pm Jul 28, 2014 10:39pm
Quoting Rand Yap
B2i is a very interesting framework to start exploring price. I still have no idea of the principle why should price be attracted to the fall line. I am curious on: Did you happened to discover it through accident by playing and drawing? (like how Issac Newton discovered relations of certain parameters that governs gravity) or Did you create B2i based on some underlying principles? (like how Einstein found the curvature of space created gravity) In any way, this picture is to give some the idea of how the funny rectangle updated itself in an hour,...
did you write a script or indie for those boxes or you drew them manually?
  • #93
  • Jul 28, 2014 11:29pm Jul 28, 2014 11:29pm
Quoting angelofx
Hi idoublestoch. I've been following your posts with keen interest right from the 'is random really random' thread. Your style is quite unique and i don't yet have a clue what draws price to these mysterious boxes and the fall line. I've been drawing boxes for 2 days now and i want to ask you how to determine start point/end point on a daily chart. I use 5pm EDT (fxdd) as the start time. I noticed almost 90% hit rate but also noticed a 400+ pips draw down on GN and there is also one on EURSUD for last week. I'll post the chart when i get the chance...
Hi angelofx
I've been keeping an eye on the GUm15. the trickiest bits for me were I to trade this is
1. where to put the SL?
2.what else besides a fall line that's already been touched, invalidates a trade?

Nevertheless...very interesting thread...food for thought...
DS
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  • #94
  • Jul 29, 2014 1:02am Jul 29, 2014 1:02am
Fascinating material. iDoublestoch you sound like WD Gann reincarnated!! I read his material but my brain is too small.

Your rectangles give me a whole new perspective on how the market moves.

My first effort at drawing funny little rectangles. Am I close??
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Just trade the pullback you idiot!
  • #95
  • Edited 2:05am Jul 29, 2014 1:53am | Edited 2:05am
Quoting iDoubleStoch
{quote} Are you serious or have you been drinking? What kind of convoluted statement is: "Whatever you see on the chart has nothing to do with what you draw on it..." Can you be more specific? You were just given the day's H1 structures in plain view, yet you deny they exist. Who does that? Who looks at the Atlantic ocean and says, there are no waves in that ocean? Who stands on a mountain top and screams at the world that there is no valley below? What kind of trader looks at a box draw specifically from hour-to-hour and then says price never struck...
Ok then.
For your further learning. draw something else. Like a circle, triangle, or "M" or "W" or "Z".. or even the Elliot wave or - even Gann .. and so on. You will "see" the same thing. As humans we lose all objectivity as soon as we view reality (and in this case mostly random data!) through patterns.
We are addicted to patterns, It's an evolution thing (:
  • #96
  • Jul 29, 2014 2:05am Jul 29, 2014 2:05am
Quoting Mingary
{quote} Ok then. For your further learning. draw something else. Like a circle, triangle, or "M" or "W" or "Z".. or even the Elliot wave .. and so on. You will "see" the same thing. As humans we lose all objectivity as soon as we view reality through patterns. We addicted to patterns, It's an evolution thing (:
Let them have their moment Mingary. At least he has given clues on how to draw the box instead of this thread being another infomercial. Let's see where it goes.
If you are good at something, never do it for free--Joker
  • #97
  • Jul 29, 2014 2:06am Jul 29, 2014 2:06am
Quoting iDoubleStoch
Regarding the "Newer B2i" in the above D1 pic. Recall, that what you are using is V1 of an indicator that is now in V5.x form. So, we are not seeing the 90% indicator that I use in my system here in this thread. I cannot share that one. I can share enough to give you some inspiration to start thinking unconventionally about your trading. So, these B2i Patterns are not the best I've got at present. Second, I did tell you about the OS1 indicator and what its job is relative to being paired up with B2i. For best trade results, you will want to pair...
Well that was actually a good post, and here I was thinking you were building up your pitch to sell something.
If you are good at something, never do it for free--Joker
  • #98
  • Jul 29, 2014 3:17am Jul 29, 2014 3:17am
LOL... I often get a kick from the replies we read to an OP's thread. Someone comes in to explain something they've found or worked on and you almost immediately get the same two types of posts. 1) You're a fool and it's all in your head and 2) What is it you're selling? LOL

To the first, (The ones I call the "Trader-Osterone" filled, chest pounding ... There's no other way than mine and if yours doesn't fit it, you're wrong) types, I would simply say there are innumerable ways to both "see" and trade this market. Don't be so closed minded as to not allow for some alternative exploration. So what if you never "see" it or adopt it. It's still a good mind opening experience to explore. You never know what bits and pieces you may pick up that might actually be helpful.

To the second, (The ones I call those who cling to, those that can do, those that can't teach or sell), I would simply say, Just because someone has developed something they feel worthy of selling, doesn't necessarily mean they don't know how to handle the task without it. How many of you drive cars? Would you claim the inventor of it did so because he couldn't drive a horse and buggy?... .. LOL

Now while I do see the commercial implications from the very first post here, and I DO believe such things properly belong in the Commercial Section, "as of now" what I see most is an explanation in the basics of how the car works. Maybe the OP's goal is to "sell" something. Maybe the goal really is just to get folks thinking out of the box <<(no pun to funny little boxes intended there) and view things from an alternative perspective. In either case, if one can just put down the preconceived notions held to so tightly by most, one just MAY learn something new.

I have my way of trading and like most here, have been presented with an endless plethora of "other ways". None of which (to date) has changed the foundation of how I trade. But in some cases, bits and pieces of a new approach stick with me and over time, I find value in adding those thoughts to my own.

I would humbly suggest you allow the OP to make his/her case without the "Lets beat them back into a box" <<(Ok, a "little" pun there..lol) attitudes. I think most here who know me would know the second it's suggested we should buy something, I'd make a report this belongs in the Commercial section. Until then, At least "try" to remain open minded and take from it whatever you may feel is worth taking .... if anything.

Apologies for the ... interruption.
Ghost Rider - WWTBMD?
  • #99
  • Jul 29, 2014 3:23am Jul 29, 2014 3:23am
Quoting albchr
LOL..
Here..here. Well said!
  • #100
  • Jul 29, 2014 3:27am Jul 29, 2014 3:27am
Quoting albchr
LOL... I often get a kick from the replies we read to an OP's thread. Someone comes in to explain something they've found or worked on and you almost immediately get the same two types of posts. 1) You're a fool and it's all in your head and 2) What is it you're selling? LOL To the first, (The ones I call the "Trader-Osterone" filled, chest pounding ... There's no other way than mine and if yours doesn't fit it, you're wrong) types, I would simply say there are innumerable ways to both "see" and trade this market. Don't be so closed minded as to...
I confess that I thought he was selling. But he has given instructions on how to draw the boxes. So, now, I think he really does want to share his view on harmonics. He is actually drawing price time vectors and connecting them, so this has some merit if a trader is willing to do the work. I agree with your post and let's give the guy a cowboy's chance!
If you are good at something, never do it for free--Joker
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