macdulio3

Blitz & Bob’s Bits

I’m telling you how things work for real. That’s all I ever do.

Back on the DM track

Charms in limited supply

Firstly, not all waves / moves end up being part of a wave structure.

Wave 5 ended with a thrust and since the volatility has been bending price back and forth.

Thrust the Green.

The highlighted filter picks up this last one.

  if (Close[i]>iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i)-100*Point && 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)-960*Point && Low[i+2]<iLow(symbol,0,iLowest(symbol,0,MODE_LOW,95,i+3))  
  && Close[i+4]>iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i+4)-100*Point && iStochastic(symbol,0,60,3,3,MODE_SMA,0,MODE_MAIN,i+2)>2

// small decline of bands, 8EMA back 56-64 pips && daily stochastic greater than deeply oversold
 && (( (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 && iStochastic(symbol,0,60,3,3,MODE_SMA,0,MODE_MAIN,i+2)<19) 
 || 
// tight bands 
 (((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 && Close[i+2]>iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i+2)
// or oversold RSI14 and not deeply oversold stochastic (wave 3 beat)
 || (iRSI(symbol,0,14,PRICE_MEDIAN,i+2)<20 && iStochastic(symbol,0,60,3,3,MODE_SMA,0,MODE_MAIN,i+2)>10)
//or stoch coming out of deeply oversold, above 8
|| (iStochastic(symbol,0,60,3,3,MODE_SMA,0,MODE_MAIN,i+2)>8 && iStochastic(symbol,0,60,3,3,MODE_SMA,0,MODE_MAIN,i+2)>iStochastic(symbol,0,60,3,3,MODE_SMA,0,MODE_MAIN,i+3) && iStochastic(symbol,0,60,3,3,MODE_SMA,0,MODE_MAIN,i+3)>iStochastic(symbol,0,60,3,3,MODE_SMA,0,MODE_MAIN,i+4) && Low[i+2]<iBands(symbol,0,216,2.5,0,PRICE_MEDIAN,MODE_LOWER,i+2))
)

// 8-EMA at least 19 pips above BB
 && 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 ))  ){

New legs came from the E-32, final pushes came from the E-8.

A thrust can have an undercut, no problem. This typically won’t be more than 12 pips. Beyond 20 pips something else is happening, so use a moratorium of this size.

Here you can see that the 20-pip moratorium was never crossed by the undercut of the Thrust.

That indefinable nothing

Embedding is a promissory note for a Lower Low or a Higher High – or else the embedding itself has to cease to be.

Daily embedding explains why it was a safe and logical bet to see a lower low after the inside day.

It had to happen

The upper oval move’s mirror image is what is happening now.

Finding the right words – ending a problem

Curiously, the 109 swing low & swing high displacements (dermia lines) almost coincide at 0.9646 and 0.9640.

After a swing high is made, a swing low would be necessary.

The first, maximum volatility move was 240 pips long. Since the move put the price below the 9-day EMA at once, I think an extra 30 pips was gained beyond the 210-pip usual upper limit. The Swing high was only made 3 days out and the retracement was 95 pips. Now you see why I used to have a rule of not fading within 150 pips of the high / low: price never re-visited that trap area.
This current move has made it to 216 pips so far. It has not yet taken out the mean, but is above the Guard rail.
If the high is in, a 95-pip retracement would put the low at 0.9655.

Bob was the name of a dragon I invented back in school.

Always was a bit more abnormal than weird. Personal preference.

They may want to kill the 92 weekly puts this Friday on FXE. Scratch that, that’s 300 pips up.

Probably gonna expire a smidge lower than it is after a new swing low and back. Above 89.5 by 1 hour before the close.