Match Ball Walking

Thanks to me you already know that Mr. Morten Market is a wrecking ball, that swings as a Pendulum and now you are about to find out that it also plays fetch tennis with Murena Williams.

The green print is after the previous 3 closes were above the E-44, so only appears on the 4th candle.

E44 is the net, it is not a goal line, so don’t think of it as a limit, it is more of a half-court. 3 consecutive closes are a match ball with serving rights transferred.

for (i=100; i>=0; i--){
   E44[i]=iMA(symbol,0,44,0,MODE_EMA, PRICE_MEDIAN,i);

for (i=100; i>=0; i--){   
   if (E44N[i+1]==EMPTY_VALUE) E44N[i]=EMPTY_VALUE;
   if (E44P[i+1]==EMPTY_VALUE) E44P[i]=EMPTY_VALUE;
   if (E44N[i+1]!=EMPTY_VALUE) E44N[i]=E44[i];
   if (i<97 && Close[i+2]>E44[i+2] && Close[i+1]>E44[i+1] && Close[i]>E44[i]) {E44N[i]=EMPTY_VALUE;  E44P[i]=E44[i];}
   else if (i<97 && Close[i+2]<E44[i+2] && Close[i+1]<E44[i+1] && Close[i]<E44[i]) {E44N[i]=E44[i]; E44P[i]=EMPTY_VALUE;}

Murena Williams has the serving rights and is occupying the side where the ball cannot seem to be able to land more than twice before she hits it back.

Of course, whilst in the middle of the court, this affair with Rafael can turn into something more.

The sole role of E-16 is to blow hot air. A new close to either so of it is enough to make the fan flip direction, making the balls progression easier / harder accordingly.

D32Pro is aiming to cherry pick ripe conditions where the amateur player has an edge and would be able to walk the ball back to the net at the very minimum. The name of the player is fittingly BallBack ’cause his only aim is to get the balls back.

As you can imagine, on the hourly chart this is a much more involving play than on the daily where the two Retrievers can be spotted at work with a single condense divergence line.

Other. Chapter 27. Let’s talk about some daily candle conditions.

Cover: 4-sample higher high/lower low closing in the new direction and portraying at least 27 pips between its open and the far-end tail. A Modesto counter-directional entry, but it certainly isn’t a Stockton by itself. Roll out / hedge if the wick gets exceeded.

   ///////3-candle low closing back up 27-pips cover
   if ( iLow(symbol,0,iLowest(symbol,0,MODE_LOW,1,i))==iLow(symbol,0,iLowest(symbol,0,MODE_LOW,4,i)) && Close[i]>iLow(symbol,0,iLowest(symbol,0,MODE_LOW,2,i))+270*Point
         && !gr[i]){
      ObjectCreate("Bingb"+IntegerToString(i), OBJ_TEXT, 0, Time[i], Low[i]+20*Point); 
       ObjectSetText("Bingb"+IntegerToString(i), "C", 26, "Impact", DimGray);    
   ///////3-candle high closing back down 27-pips cover
     if (iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,1,i))==iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,4,i)) && Close[i]<iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,2,i))-270*Point
         && !gr[i]
      ObjectCreate("Binga"+IntegerToString(i), OBJ_TEXT, 0, Time[i], High[i]+230*Point); 
       ObjectSetText("Binga"+IntegerToString(i), "C", 26, "Impact", DimGray);    

Gr is short for Green. Logical array for the high volume / cyan candles.

Blue arrows (& nightingales): a high volume day usually would get put into context by the following day: a lower close would point to selling at hand activating the opposite end as a future position-protection repeat action etc “Dead Giveaway”. Of course there are no guarantees for free sailing from the get-go, but you would at least have an idea about what to do with a relapse.

Gray arrows: another spin on the 27-pip kick start combined with sample size uncertainty of 2. Exclusion of high volume days.

I know what you are thinking. I said no break and go below the channel – and there wasn’t. But there was volume and a lower close, so we have a new resistance to contend with. Yes, this could get sold off quite hard – things change. The market is due for a correction, thus the Doji Supports should be at least hit (1.1321-1.1318) even if the bullish setup gets prolonged. There should be either a Retriever divergence for a proper bottom or at least a Cover print for a leg to be terminated properly. We have neither.

Apologies for the higher level entry, but I think overall it was a sound lesson.

Now let’s talk about climate change.

When tomorrow ends, we shall no longer be friends.