Formel Eins And Outs

One example that I have for different paths leading to the same conclusion is the 95-pips displacement.

It is 95, because out of the 3 possible corrections, a liquidity break (usually a quick move) would be able to tag this before resuming in the actual market direction. The emphasis here is that I want the level to be hit. I use 180 samples (arbitrary) on the 30-minute to measure from ( see F3 – F for fade).

The 105-pips displacement I used for the puple brackets (dermia lines) have the thinking of a level I don’t want to be hit. Quasi 1.0860 may be beyond reach.

The dermia lines get adjusted relative to the consolidation mean. A new low sets the limit high and vice versa.

   dermia[i]=dermia[i+1];
   
   if (iFractals(symbol,0,MODE_LOWER,i) && Low[i]<taxi[i] && Low[i]<iLow(symbol,0,iLowest(symbol,0,MODE_LOW,90,i+1)))
      dermia[i]=Low[i]+1050*Point;
      
   if (iFractals(symbol,0,MODE_UPPER,i) && High[i]>taxi[i] && High[i]>iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,90,i+1)))
      dermia2[i]=High[i]-1050*Point;

Since on the way down F1 and F2 served as regrouping levels, F3 would logically be the next one in line, so I set most of the longs to target (+5 pips for pushing my luck).


ObjectCreate("Roea", OBJ_LABEL,0, 0,0); 
ObjectSetText("Roea", "F3:"+DoubleToStr(NormalizeDouble(iLow(symbol,0,iLowest(symbol,0,MODE_LOW,180,0))+950*Point,4),4), 12, "Arial", Red);
if (MathAbs(Close[0]-(iLow(symbol,0,iLowest(symbol,0,MODE_LOW,180,0))+950*Point))<100*Point) ObjectSetText("Roea", "F3:"+DoubleToStr(NormalizeDouble(iLow(symbol,0,iLowest(symbol,0,MODE_LOW,180,0))+950*Point,4),4), 22, "Arial Black", Red);
ObjectSet("Roea",OBJPROP_CORNER,1);
ObjectSet("Roea",OBJPROP_XDISTANCE,20);
ObjectSet("Roea",OBJPROP_YDISTANCE,27);
ObjectSet("Roea",OBJPROP_BACK,1);

ObjectCreate("Roeb", OBJ_LABEL,0, 0,0); 
ObjectSetText("Roeb", "F2:"+DoubleToStr(NormalizeDouble(iLow(symbol,0,iLowest(symbol,0,MODE_LOW,180,0))+625*Point,4),4), 12, "Arial", Red);
if (MathAbs(Close[0]-(iLow(symbol,0,iLowest(symbol,0,MODE_LOW,180,0))+625*Point))<100*Point) ObjectSetText("Roeb", "F2:"+DoubleToStr(NormalizeDouble(iLow(symbol,0,iLowest(symbol,0,MODE_LOW,180,0))+625*Point,4),4), 22, "Arial Black", Red);
ObjectSet("Roeb",OBJPROP_CORNER,1);
ObjectSet("Roeb",OBJPROP_XDISTANCE,20);
ObjectSet("Roeb",OBJPROP_YDISTANCE,87);
ObjectSet("Roeb",OBJPROP_BACK,1);


ObjectCreate("Roec", OBJ_LABEL,0, 0,0); 
ObjectSetText("Roec", "F1:"+DoubleToStr(NormalizeDouble(iLow(symbol,0,iLowest(symbol,0,MODE_LOW,180,0))+400*Point,4),4), 12, "Arial", Red);
if (MathAbs(Close[0]-(iLow(symbol,0,iLowest(symbol,0,MODE_LOW,180,0))+400*Point))<100*Point) ObjectSetText("Roec", "F1:"+DoubleToStr(NormalizeDouble(iLow(symbol,0,iLowest(symbol,0,MODE_LOW,180,0))+400*Point,4),4), 22, "Arial Black", Red);
ObjectSet("Roec",OBJPROP_CORNER,1);
ObjectSet("Roec",OBJPROP_XDISTANCE,20);
ObjectSet("Roec",OBJPROP_YDISTANCE,147);
ObjectSet("Roec",OBJPROP_BACK,1);



ObjectCreate("Roeg", OBJ_LABEL,0, 0,0); 
ObjectSetText("Roeg", "F3:"+DoubleToStr(NormalizeDouble(iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,180,0))-950*Point,4),4), 12, "Arial", Green);
if (MathAbs(Close[0]-(iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,180,0))-950*Point))<100*Point) ObjectSetText("Roeg", "F3:"+DoubleToStr(NormalizeDouble(iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,180,0))-950*Point,4),4), 22, "Arial Black", Green);
ObjectSet("Roeg",OBJPROP_CORNER,3);
ObjectSet("Roeg",OBJPROP_XDISTANCE,20);
ObjectSet("Roeg",OBJPROP_YDISTANCE,27);
ObjectSet("Roeg",OBJPROP_BACK,1);

ObjectCreate("Roeh", OBJ_LABEL,0, 0,0); 
ObjectSetText("Roeh", "F2:"+DoubleToStr(NormalizeDouble(iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,180,0))-625*Point,4),4), 12, "Arial", Green);
if (MathAbs(Close[0]-(iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,180,0))-625*Point))<100*Point) ObjectSetText("Roeh", "F2:"+DoubleToStr(NormalizeDouble(iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,180,0))-625*Point,4),4), 22, "Arial Black", Green);
ObjectSet("Roeh",OBJPROP_CORNER,3);
ObjectSet("Roeh",OBJPROP_XDISTANCE,20);
ObjectSet("Roeh",OBJPROP_YDISTANCE,87);
ObjectSet("Roeh",OBJPROP_BACK,1);

ObjectCreate("Roej", OBJ_LABEL,0, 0,0); 
ObjectSetText("Roej", "F1:"+DoubleToStr(NormalizeDouble(iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,180,0))-400*Point,4),4), 12, "Arial", Green);
if (MathAbs(Close[0]-(iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,180,0))-400*Point))<100*Point) ObjectSetText("Roeg", "F1:"+DoubleToStr(NormalizeDouble(iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,180,0))-400*Point,4),4), 22, "Arial Black", Green);
ObjectSet("Roej",OBJPROP_CORNER,3);
ObjectSet("Roej",OBJPROP_XDISTANCE,20);
ObjectSet("Roej",OBJPROP_YDISTANCE,147);
ObjectSet("Roej",OBJPROP_BACK,1);

So, should you shortlist it or buy it?

The Black Peter suggests a move up to the S20 first (currently at 1.0876), before a double bottom around 1.0742. Do you know anyone who can tell you the next 2 moves the market would make?

Schöne Ungarische wirtschaft!

This one is recommended with a headset: