Thirst Time

Catching a peak may not always be that easy. I for instance would question peaks that are too close to the 121-E hourly.

Let’s talk about shedding the first blood.

This new, vertical lines plot is a “confirmation” of a move being in place: must get in on the new direction now, and the sophistication is the scaling in size part. Say the 15-minute candle’s low was X when the red line printed. Now we should see very limited counter-directional volatility. Place a sell 10-pips above the low and add more at 15, 20 pips. Keep in mind, there may not be much beyond 10-pips, so the initial size should already be a full hedge if you have holdings.

     ///first cut down

   if (NBEU[i]!=EMPTY_VALUE && NBED[i]!=EMPTY_VALUE)
   if (iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,100,i))>NBEU[iHighest(symbol,0,MODE_HIGH,100,i)] && Low[i]<iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,100,i))-480*Point && High[i]>iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,100,i))-480*Point
      && Low[i]>taxi[i] && Low[i]<taxi[i]+200*Point
 && High[i]<iMA(symbol,0,32,0,MODE_EMA,PRICE_OPEN,i)+50*Point
      && iLow(symbol,0,iLowest(symbol,0,MODE_LOW,100,i))>iLow(symbol,0,iLowest(symbol,0,MODE_LOW,100,i+100))
   ){
            ObjectCreate("Rickyt"+IntegerToString(i),OBJ_VLINE,1, Time[i], 0);
         ObjectSet("Rickyt"+IntegerToString(i),OBJPROP_COLOR,clrRed );
            ObjectSet("Rickyt"+IntegerToString(i),OBJPROP_WIDTH,1);
            ObjectSet("Rickyt"+IntegerToString(i),OBJPROP_STYLE,STYLE_DOT);
          ObjectSet("Rickyt"+IntegerToString(i),OBJPROP_BACK,1);   
   }
   
   
      ///first cut up

   if (NBEU[i]!=EMPTY_VALUE && NBED[i]!=EMPTY_VALUE)
   if (iLow(symbol,0,iLowest(symbol,0,MODE_LOW,100,i))<NBED[iLowest(symbol,0,MODE_LOW,100,i)] && High[i]>iLow(symbol,0,iLowest(symbol,0,MODE_LOW,100,i))+480*Point && Low[i]<iLow(symbol,0,iLowest(symbol,0,MODE_LOW,100,i))+480*Point
      && High[i]<taxi[i] && High[i]>taxi[i]-500*Point
   ){
            ObjectCreate("Rickyt"+IntegerToString(i),OBJ_VLINE,1, Time[i], 0);
         ObjectSet("Rickyt"+IntegerToString(i),OBJPROP_COLOR,clrGreen );
            ObjectSet("Rickyt"+IntegerToString(i),OBJPROP_WIDTH,1);
            ObjectSet("Rickyt"+IntegerToString(i),OBJPROP_STYLE,STYLE_DOT);
          ObjectSet("Rickyt"+IntegerToString(i),OBJPROP_BACK,1);   
   }

The first red example shows a kick back of 46 pips. Just shy of the 48 mentioned on the last line.