Something To Do

Filtering – is this something to do?

I know, this is turning into a Depeche Mode blog.

In my line of business, you cannot Thrust anyone.

Yea, bit of dyslexia, Alexa. People who find my profile on LinkedIn tend to misread the Inventor label as Investor. Happened a few times, for sure. Not the same thing.

So what about us, what about Thrusts?

Thrusts (vertical highlights) are usually followed by an intermezzo, as I stated earlier. This bow-back is to be the starting point of a wave-structure away from the Thrust.

 if (Close[i]>iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i) && Low[i+2]<iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i+2)-120*Point && Low[i+2]>iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i+2)-760*Point && Low[i+2]<iLow(symbol,0,iLowest(symbol,0,MODE_LOW,95,i+3))  
&& (( (iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i+14)-iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i+2))<200*Point && iMA(symbol,0,8,0,MODE_EMA, PRICE_OPEN,i+2)+640*Point>Low[i+2] && iMA(symbol,0,8,0,MODE_EMA, PRICE_OPEN,i+2)-560*Point>Low[i+2] && iStochastic(symbol,0,60,3,3,MODE_SMA,0,MODE_MAIN,i+2)>9 ) 
  || ((iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_UPPER,i+2)-iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i+2))<540*Point && iMA(symbol,0,8,0,MODE_EMA, PRICE_OPEN,i+2)-iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i+2)>190*Point )  )

When filtering for something you must have really well defined ideas in your head.

You need to understand when you have gone too far and when you have not done enough.

When a filter seems to fail, you need to take a second look if you want to do away with some logical expression or you just hit something precious.

That green line above, do we want it? I believe that we do. There was a counter move that fell shy of a 100 pips and then the Thrust was violated by 12+ (use 16 for good measure) pips. This is where you need a double sized hedge and keep it on indefinitely. I’m saying this because there seems to be a green strike out with a rally shy of 100 pips made on Friday. That would mean doubling down on the shorts at 0.9928.

This image? Made it on Discord / MidJourney.