Tooth & Snails

What is painstaking so long?

This must be someone else’s glory.

Like a chip on the shoulder…

VC stands for volatility crossback – means getting back inside the hourly 30-sample BB

E32 (/S30) is the fair value reset (can continue from there)

RSI2<3 – self explaining

 ///cover divergence dn
 
 if (i>0 && Close[i]<(iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i)-50*Point) && Close[i-1]>(iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i-1)-50*Point) 
 && RSI2[ArrayMinimum(RSI2,2,i)]<1
 ){
      ObjectCreate("Talmi"+DoubleToStr(i), OBJ_TEXT, 0, Time[i], Close[i]- 50*Point); 
            ObjectSetText("Talmi"+DoubleToStr(i), "V-C->E32->R2<3", 28, "Impact", Green);
 }

This current move with today’s beat and the reversal divergence speaks of a Wave 3 ending.

A Wave 4 should conclude with a daily RSI2 above 87 reading whilst price would have to be below of what Wave 2 produced (1.1064).

…I need to improve on my targeting. I have projections…

…that I ignore based on lack of counter volatility. What I need to settle in my brain right, that if I got in at the right prices, there is no rush. Target the projection and lock in gains with the protective stops and let the whole thing develop.

////first & second encounters - downside stratosphere    
        
if (Low[i+2]>stratod[i+2] && Low[i+1]>stratod[i+1] && Low[i]<stratod[i]){
          ObjectCreate("Poet"+DoubleToStr(i), OBJ_TEXT, 0, Time[i], Low[i]-60*Point); 
            ObjectSetText("Poet"+DoubleToStr(i), "x", 32, "Wingdings", DarkGreen);
          if (Close[i]<stratod[i]) { ObjectSetText("Poet"+DoubleToStr(i), "a", 32, "Webdings", Crimson);           
            ObjectCreate("Talmi"+DoubleToStr(i), OBJ_TEXT, 0, Time[i+6], stratod2[i]+150*Point); 
            ObjectSetText("Talmi"+DoubleToStr(i), "TGT:"+DoubleToStr(NormalizeDouble(stratod2[i],4),4), 32, "Impact", DarkGreen);
            T3[i]=stratod2[i];  drako[i]=stratod2[i]-320*Point;
            }
     }     

I should have made at least 2x of this toay:

I had 25, 26, 27 filled in for targets for a slight undercut (F for Fawed thinking), but could not wait it out as per usual (F for Fawed execution).

For scaling in and sizing I get a BB+ for Bigger Balls next time.

There is definitely something odd going on right now when everyone is trying to be first to assume a crash position. The market makers aren’t famous for handing out free money.

The 3 downside cancellations: