HAC & RAC - A Simple-Minded Approach

Create an overview profile. Open all trading instruments with the same TF, apply to them "overview template" (organize it with indicators to find "the first clue"), and tile them on the screen to see them all contemporaneously. Then you have to scan your screen to find "the first clue" and switch to the correspondent instrument profile when "the first clue" will be found.
More simple is impossible, I think.

I'm doing mine pretty much like you are Timo. I have 2 27" monitors and a 42" TV for backup. It would be good though to get them all compact enough to watch at a glance.

I'm going to give that composite indicator a try. I've been doing some tests and I think I might be able to pull off something simple. I did create a histogram out of the HAC before, so maybe I can get several TFs to compile together somehow.

GBPJPY Update

For those of you who've been watching this pair, it's been exciting, no? Anyway, if you were paying attention closely, you'd see that the M5 was in alignment with the M15 for that last long. It hit its 3x profit target. But because the M15 wasn't in alignment with the H1, it couldn't go farther.

But here's something that I'd like to show you about this pair right now. Recall yesterday where I drew a pink box at the area where the first bit of profit taking occurred. Then I drew another one at the bottom - right at the 3x level for the H1 short.

Anyway, on this last little run up, it not only hit the 3x profit level on M5, but that level was also at the first pink box drawn yesterday. I'm pointing this out because those levels, once established by trading programs or whatever, become areas of interest in the future. These guys are working this pair back & forth between established zones that they themselves created.

Interesting, and there was another benford crossing about 3 hours ago. They may be busy building up a position or still profit taking maybe?

Almuten

Thanx for sharing. My guess Alpha=0.07 borrowed from Pi=22/7 where 22=circle perimeter & 7=circle diameter 22 is near to 24 (hours) Thus Pi numbers find their use in scaling up/down daily cycles So changing 7 should be changing cycle length by a factor of Pi=3,14(22/7). Just my guess i don't know ehler's formula though.
My second guess why 0.382 multiplier instead of 0.25 fits well to represent HAC of 1H on a 4H chart is that .382 is 1.5 times of .25 and excess accommodates randomness in markets which is always present atleast 50% all the time.

I saw your name in Alien's thread & here you are using his RSIOMA in a way that I had wished to ...Beside you gave few things never heard of before. I want to learn your methods. I have to read it several times...

Kind regards..

Hi Almuten,

what do you think about NZDJPY? On H4 RAC went through its MA and price closed above HAC. On H1 it happend 9 bars ago. R/R on H1 is pretty low, about 1:1 tho.

And what went wrong on GBPUSD? On H4 price went below HAC and RAC crossed its MA, on H1 same and only 5 bars earlier.

I want to thank Almuten for his job. With his system I can see the market almost like an open book. I am very, very wondered!
#NIKKEI, I've been talking about, has started his big move down. Many green pips are caught.
Almuten, you have to remove this thread as soon as possible... I think you know - why No need anymore, there is enough.

Thanks for that explanation! It's better than mine - that being "It just works."

Please, share any other insights you might have on these matters. It's always best to have as much of a well-reasoned foundation as possible for all that we do. It builds trust in our methods.

I know what you're saying....and because you said it, you truly understand. I used to be concerned about sharing this. I even selected FerruFX to program it for me because I could trust him to keep it under wraps. I'm not worried now though. Besides, who is going to follow the words of a has-been, former painter/hack? People want to see "live success" more than learning how to think for themselves. I'm not offering live trades. It just draws too much of the wrong kind of element IMO.

Hi Dovilo,

First of all, thank you for your question. There are good reasons why these trades didn't work out, but you are going to tell us why. Refer to post 313. Read the section under "Profit Targets" - specifically under 4-b.

Don't miss the opportunity to teach others from your mistakes

^ is still a painter, it's a sometimes

My God...so much to talk about with this pair, isn't there?

I purposely chose this pair to use as an example because it scares the shit out of people. And that my friends, is by DESIGN. It's not called "The Beast" for nothing. Hone your skills with this pair and you'll master everything far more quickly. Nothing will frighten you from then on.

Perhaps a picture will do.

I highlighted in pink boxes the areas where there were Benford indications of positions being put on by large traders. If these areas are examined in light of our methodology, it will become clearer I think. I didn't put pink boxes in the last consolidation area near the lows because it would clutter things up to much. It's confusing enough - and this too is by design. Sometimes it's enough to know that "something" is going on in a given area. Use the indys and the rules of the methodology to tell you the "what."

Perhaps that will change soon

yeah but there's no hurry

So, we need a confirmation from a higher time frame. If I used H1, I should have a confirmation on H4, if my primary TF is a H4, I need a confirmation on D1. Wasn't H1 chart supported by H4 chart in my example? Both were closing under the HAC (albeit ~60 pips apart) and giving signals on RAC indicator.

A Single Trade Can Change Your Life

I remember when my mentor, George Lane (the inventor of stochastics) told me when he was working the grain pits of Chicago he noticed something odd. The exchange had been quiet for a long time and the big Cargill traders were seldom out of the break room. Most days they'd smoke cigarettes and drink coffee and seldom enter the pit. But then he, as he put it, "smelled something stinky" and noticed them in the pit doing what he called "sneaky buying" of wheat, corn and beans.

Come to find out, there had been a secret deal with the Soviet Union with regard to exporting grain - big news for a grain trader - and nobody in the public knew about it yet. Well old George began buying along with them and even went beyond the limit the exchange allowed at that time. He made over $4 million dollars on that trade during the great bull grain market of 1972.

I have my own story...although I don't think nearly as good.

I've related some of my trading experiences, but one I've not told you about is how awful I did during the 'tech-bubble' of March 2000. I was trading Nasdaq futures and being a 2nd year trader with no support from anybody, I got creamed day after day. It was just me, alone, far from my small hometown for the first time, and trading another person's money. Being scared shitless, I just couldn't see clearly enough to trade well. My performance was so awful that I managed to lose 96% of my trading capital. THAT'S RIGHT - 96%.

So... I was down to my 'last bullet,' so to speak. One more losing trade and that would be it for my trading career. My job, my house and, for all I knew, maybe even my marriage was on the line. Heck, the slippage on getting filled would have wiped out what I had left. Needless to say, the pressure was on...full-on.



I decided that I would treat this last trading opportunity as a 'torpedo attack.' I'd stalk the market and really, really focus. Pull out every trick in the book that I had - and there were many. For two weeks I stalked the Nasdaq, getting ready to short it. Mind you, the whole damned world was screaming "That market will NEVER go down!" Everybody was amazed at its buoyancy. It was like a magical flying carpet. All the big bears were getting their asses handed to them day after day.

I placed fib-based profit targets on it from all sorts of places - found a significant cluster I thought would be good to focus on. I even used Gann's square of nine, astrology, cycles and a goodness knows what else. Like I said, I had a lot of tricks and used them all. I had a plan: It had a place and it had a day and a time. And I waited until it all lined up.

http://drduru.com/onetwentytwo/wp-co...Q1999-2000.png

As soon as that sonofabitch hit the exact place and time, I torpedoed it with a short...my potential last trade. Then I turned off the monitor because I needed a drink. Later that day I was relieved to find that my target was accurate to within 15 points, which was pretty darn close for a market that moved 350+ per day.

Within 10 days, my account was up 98% for the year... but I swore I would never put myself through that again. Never!

How Does This Relate?

The fact is, when I consider what I had to do in order to find a monster trade that would've frightened almost anybody else - weeks of planning - this method we're working with is a walk in the park. I had no real rules back then. I just tried to find a confluence of indications and went with the probabilities of each. But there were no rules, per se. I simply "had to be right." If I was wrong, there was no plan...which is very scary, actually. Plus I liked to risk a lot and leverage myself as much as possible. My thinking was that if I was going to put so much work into something and take a risk, then I ought to be paid accordingly.

Right now the trouble I'm having is that there are always so many great trades happening or in development that I don't know which one to pick! It's almost embarrassing.

YES! Excellent Dovilo!

Well done my friend, well done!

I'm still not sure. I mean, it's true that D1 is completely out of position for a short trade (RAC scrubs the zero level) so I definitely shouldn't take a trade on a H4 timeframe. But what about H1/H4 pair? Selling on H1 with eyeballing H4 looked nice. Should I look on more TFs than just one higher, or maybe it was just one of these trades that went in wrong direction after all (well, we can't predict future with 100% accuracy)?