Lil life of the stock picker…
A self proclaimed “institute” is getting extra loud again. If you listen in on one of your 60k priced courses – I shit you not – this is what you get under “idea generation”. Ford is coming out with new Mustang. They like to buy leather seats with it. By call options on a random leather factory.
You would also have to surrender more than half of your profits, because they like to live for free lavishly (Singapore ain’t cheap), and also inside info costs money. We’re talking ex Goldman Sachs here.
Those are the edges at your disposal. Making up fairy tales or going full blown criminal.
Now, with Forex you can have an edge by accurately classifying the market type based on the counter directional volatility (see CounterForce).
One thing you definitely don’t want to do is chasing a parabolic market when the daily max consolidation level is keep on moving away from you.
After the 3 cracks of the one side muted volatility, it is unsafe even thinking about a continuation.
Notice how the previous parabolic run only managed to find footing in this low volume environment only after 120-pips of a break, an RSI2 reversal divergence and all returns into the Bollinger were dragged out regressions not triggering the start of a downside progression count and nullifying the upside count the second time around.
Yes, there’s such thing as an F0 market, where the counter dir vol does not reach 40 pips, still it manages to get ouside the BB – this is not it, for this was right after another parabolic phase.
To answer the question of “are you in a push” without getting enegy measurements involved, the breach (and a decisive close outside) of the weekly 14-sample window envelope and 50% larger range than the previous week are good telltales.
Weekly R1 is 1.0973. White hand = fake push, did not manage to close outside far enough.
bjectCreate("DENTURE"+4,OBJ_LABEL,0, 0,0);
ObjectSetText("DENTURE"+4,"R1-2.5: "+NormalizeDouble(iLow(symbol,0,iLowest(symbol,0,MODE_LOW,5,0))+2500*Point,4),11,"Arial Black");
ObjectSet("DENTURE"+4,OBJPROP_CORNER,3);
ObjectSet("DENTURE"+4,OBJPROP_XDISTANCE,30);
ObjectSet("DENTURE"+4,OBJPROP_YDISTANCE,67);
ObjectSet("DENTURE"+4,OBJPROP_COLOR,clrBlue);No Michael, nothing has been started on the upside yet and you’re just a wannabe anyways.
Look where the price would find its rest today (yellow) and tomorrow by the close (brown #). You may be able to postpone these, but not indefinitely.
So what is this market doing currently?
It just made the opening move, the first progression low down.
…and is back testing the weekly R1 one more time.
Break down delayed once again. Always around the Guard Rail (chartreuse).
extern double FSize=32;
double FMax = FSize*6/5;
guardrailu[i] = iMA(symbol,0,414,0,MODE_EMA, PRICE_HIGH,i)+FMax*10*Point;
guardraild[i] = iMA(symbol,0,414,0,MODE_EMA, PRICE_LOW,i)-FMax*10*Point;////embedded oversold PUSHING below the envelope
if (embedded[0] && iLow(symbol,10080,1)<AxelHL[1] && iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_SIGNAL,0)<25 && iLow(symbol,10080,1)<iEnvelopes(symbol,0,14,MODE_SMA,0,PRICE_CLOSE,2.0,MODE_LOWER,1)){
ObjectCreate("Heat", OBJ_ELLIPSE, 0, Time[2], iEnvelopes(symbol,0,14,MODE_SMA,0,PRICE_CLOSE,2.0,MODE_LOWER,1)+330*Point, Time[0], iEnvelopes(symbol,0,14,MODE_SMA,0,PRICE_CLOSE,2.0,MODE_LOWER,1)-330*Point);
ObjectSetInteger(0,"Heat",OBJPROP_COLOR,clrCrimson);
ObjectSetDouble(0,"Heat",OBJPROP_SCALE,.015);
ObjectSet("Heat",OBJPROP_BACK,0);
ObjectSet("Heat",OBJPROP_WIDTH,2);
ObjectCreate("QuarterWWWW", OBJ_TEXT, 0, Time[0],iLow(symbol,10080,1)-500*Point+.0022);
ObjectSetText("QuarterWWWW", " "+DoubleToString(NormalizeDouble(iLow(symbol,10080,1)-600*Point,4),4)+" - ANY", 12, "Arial Black", clrBlack);
ObjectCreate("QuarterWWW____", OBJ_TEXT, 0, Time[0], iLow(symbol,10080,1)-500*Point+.0022);
ObjectSetText("QuarterWWW____", " "+DoubleToString(NormalizeDouble(iLow(symbol,10080,1)-600*Point,4),4)+" - ANY", 12, "Arial Black", clrMagenta);
}
////embedded oversold going below the envelope
else if (embedded[0] && iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_SIGNAL,0)<25 && iLow(symbol,10080,1)<iEnvelopes(symbol,0,14,MODE_SMA,0,PRICE_CLOSE,2.0,MODE_LOWER,1)){
ObjectCreate("Heat", OBJ_ELLIPSE, 0, Time[2], iEnvelopes(symbol,0,14,MODE_SMA,0,PRICE_CLOSE,2.0,MODE_LOWER,1)+330*Point, Time[0], iEnvelopes(symbol,0,14,MODE_SMA,0,PRICE_CLOSE,2.0,MODE_LOWER,1)-330*Point);
ObjectSetInteger(0,"Heat",OBJPROP_COLOR,clrCrimson);
ObjectSetDouble(0,"Heat",OBJPROP_SCALE,.015);
ObjectSet("Heat",OBJPROP_BACK,0);
ObjectSet("Heat",OBJPROP_WIDTH,2);
ObjectCreate("QuarterWWWW", OBJ_TEXT, 0, Time[0],iLow(symbol,10080,1)-300*Point+.0022);
ObjectSetText("QuarterWWWW", " "+DoubleToString(NormalizeDouble(iLow(symbol,10080,1)-300*Point,4),4)+", "+DoubleToString(NormalizeDouble(iLow(symbol,10080,1)-400*Point,4),4), 12, "Arial Black", clrBlack);
ObjectCreate("QuarterWWW____.", OBJ_TEXT, 0, Time[0], iLow(symbol,10080,1)-300*Point+.0022);
ObjectSetText("QuarterWWW____.", " "+DoubleToString(NormalizeDouble(iLow(symbol,10080,1)-300*Point,4),4)+", "+DoubleToString(NormalizeDouble(iLow(symbol,10080,1)-400*Point,4),4), 12, "Arial Black", clrMagenta);
}
///embedded oversold beat of last swing low
if (embedded[0] && iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_SIGNAL,0)<25 && iLow(symbol,10080,1)>iEnvelopes(symbol,0,14,MODE_SMA,0,PRICE_CLOSE,2.0,MODE_LOWER,1)){
ObjectCreate("QuarterWWWW,", OBJ_TEXT, 0, Time[0],iLow(symbol,10080,iLowest(symbol,10080,MODE_LOW,10,1))-20*Point+.0022);
ObjectSetText("QuarterWWWW,", " "+DoubleToString(NormalizeDouble(iLow(symbol,10080,iLowest(symbol,10080,MODE_LOW,10,1))-20*Point,4),4)+", ("+DoubleToString(NormalizeDouble(iLow(symbol,10080,iLowest(symbol,10080,MODE_LOW,10,1))-100*Point,4),4)+")", 12, "Arial Black", clrBlack);
ObjectCreate("QuarterWWW____,", OBJ_TEXT, 0, Time[0], iLow(symbol,10080,iLowest(symbol,10080,MODE_LOW,10,1))-20*Point+.0022);
ObjectSetText("QuarterWWW____,", " "+DoubleToString(NormalizeDouble(iLow(symbol,10080,iLowest(symbol,10080,MODE_LOW,10,1))-20*Point,4),4)+", ("+DoubleToString(NormalizeDouble(iLow(symbol,10080,iLowest(symbol,10080,MODE_LOW,10,1))-100*Point,4),4)+")", 12, "Arial Black", clrMagenta);
}
////embedded oversold push to the upside
if (embedded[0] && iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_SIGNAL,0)<25){
ObjectCreate("QuarterWWWWW", OBJ_TEXT, 0, Time[0],LowBuffer[1]+300*Point+.0022);
ObjectSetText("QuarterWWWWW", " "+DoubleToString(NormalizeDouble(LowBuffer[1]+300*Point,4),4)+", ("+DoubleToString(NormalizeDouble(LowBuffer[1]+400*Point,4),4)+")", 12, "Arial Black", clrBlack);
ObjectCreate("QuarterWWWW____?", OBJ_TEXT, 0, Time[0], LowBuffer[1]+300*Point+.0022);
ObjectSetText("QuarterWWWW____?", " "+DoubleToString(NormalizeDouble(LowBuffer[1]+300*Point,4),4)+", ("+DoubleToString(NormalizeDouble(LowBuffer[1]+400*Point,4),4)+")", 12, "Arial Black", clrMagenta);
}
///////embedded overbought with weekly low outside the envelope
if (embedded[0] && iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_SIGNAL,0)>75 && iLow(symbol,10080,1)>iEnvelopes(symbol,0,14,MODE_SMA,0,PRICE_CLOSE,2.0,MODE_HIGH,1)){
ObjectCreate("QuarterWWWW&", OBJ_TEXT, 0, Time[0],iHigh(symbol,10080,1)+900*Point+.0022);
ObjectSetText("QuarterWWWW&", " "+DoubleToString(NormalizeDouble(iHigh(symbol,10080,1)+900*Point,4),4), 12, "Arial Black", clrBlack);
ObjectCreate("QuarterWWW____&", OBJ_TEXT, 0, Time[0], iHigh(symbol,10080,1)+900*Point+.0022);
ObjectSetText("QuarterWWW____&", " "+DoubleToString(NormalizeDouble(iHigh(symbol,10080,1)+900*Point,4),4), 12, "Arial Black", clrMagenta);
}
///////embedded overbought going above the envelope
if (embedded[0] && iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_SIGNAL,0)>75 && iHigh(symbol,10080,1)>iEnvelopes(symbol,0,14,MODE_SMA,0,PRICE_CLOSE,2.0,MODE_HIGH,1)){
ObjectCreate("QuarterWWWW'", OBJ_TEXT, 0, Time[0],iHigh(symbol,10080,1)+350*Point+.0022);
ObjectSetText("QuarterWWWW'", " "+DoubleToString(NormalizeDouble(iHigh(symbol,10080,1)+350*Point,4),4), 12, "Arial Black", clrBlack);
ObjectCreate("QuarterWWW____'", OBJ_TEXT, 0, Time[0], iHigh(symbol,10080,1)+350*Point+.0022);
ObjectSetText("QuarterWWW____'", " "+DoubleToString(NormalizeDouble(iHigh(symbol,10080,1)+350*Point,4),4), 12, "Arial Black", clrMagenta);
}
///embedded overbought beat of last swing high
if (embedded[0] && iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_SIGNAL,0)>75 && iHigh(symbol,10080,1)<iEnvelopes(symbol,0,14,MODE_SMA,0,PRICE_CLOSE,2.0,MODE_HIGH,1)){
ObjectCreate("QuarterWWWW:", OBJ_TEXT, 0, Time[0],iHigh(symbol,10080,iHighest(symbol,10080,MODE_HIGH,10,1))+100*Point+.0022);
ObjectSetText("QuarterWWWW:", " "+DoubleToString(NormalizeDouble(iHigh(symbol,10080,iHighest(symbol,10080,MODE_HIGH,10,1))+100*Point,4),4), 12, "Arial Black", clrBlack);
ObjectCreate("QuarterWWW____:", OBJ_TEXT, 0, Time[0], iHigh(symbol,10080,iHighest(symbol,10080,MODE_HIGH,10,1))+100*Point+.0022);
ObjectSetText("QuarterWWW____:", " "+DoubleToString(NormalizeDouble(iHigh(symbol,10080,iHighest(symbol,10080,MODE_HIGH,10,1))+100*Point,4),4), 12, "Arial Black", clrMagenta);
}
////embedded overbought push to the downside
if (embedded[0] && iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_SIGNAL,0)>75){
ObjectCreate("QuarterWWWWW", OBJ_TEXT, 0, Time[0],HighBuffer2[1]-300*Point+.0022);
ObjectSetText("QuarterWWWWW", " "+DoubleToString(NormalizeDouble(HighBuffer2[1]-300*Point,4),4)+", ("+DoubleToString(NormalizeDouble(HighBuffer2[1]-400*Point,4),4)+")", 12, "Arial Black", clrBlack);
ObjectCreate("QuarterWWWW____", OBJ_TEXT, 0, Time[0], HighBuffer2[1]-300*Point+.0022);
ObjectSetText("QuarterWWWW____", " "+DoubleToString(NormalizeDouble(HighBuffer2[1]-300*Point,4),4)+", ("+DoubleToString(NormalizeDouble(HighBuffer2[1]-400*Point,4),4)+")", 12, "Arial Black", clrMagenta);
}
///not embedded going up - beat of last swing high
if (!embedded[0] && iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_SIGNAL,0)>25 && iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_SIGNAL,0)>=iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_SIGNAL,1)){
ObjectCreate("QuarterWWWW..", OBJ_TEXT, 0, Time[0],iHigh(symbol,10080,iHighest(symbol,10080,MODE_HIGH,10,1))+300*Point+.0022);
ObjectSetText("QuarterWWWW..", " "+DoubleToString(NormalizeDouble(iHigh(symbol,10080,iHighest(symbol,10080,MODE_HIGH,10,1))+300*Point,4),4)+", "+DoubleToString(NormalizeDouble(iHigh(symbol,10080,iHighest(symbol,10080,MODE_HIGH,10,1))+400*Point,4),4), 12, "Arial Black", clrBlack);
ObjectCreate("QuarterWWW____..", OBJ_TEXT, 0, Time[0], iHigh(symbol,10080,iHighest(symbol,10080,MODE_HIGH,10,1))+300*Point+.0022);
ObjectSetText("QuarterWWW____..", " "+DoubleToString(NormalizeDouble(iHigh(symbol,10080,iHighest(symbol,10080,MODE_HIGH,10,1))+300*Point,4),4)+", "+DoubleToString(NormalizeDouble(iHigh(symbol,10080,iHighest(symbol,10080,MODE_HIGH,10,1))+400*Point,4),4), 12, "Arial Black", clrMagenta);
}
///not embedded going up - push on the downside
if (!embedded[0] && iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_SIGNAL,0)>25 && iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_SIGNAL,0)>=iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_SIGNAL,1)){
ObjectCreate("QuarterWWWWW", OBJ_TEXT, 0, Time[0],HighBuffer2[1]-100*Point+.0022);
ObjectSetText("QuarterWWWWW", " "+DoubleToString(NormalizeDouble(HighBuffer2[1]-100*Point,4),4)+", ("+DoubleToString(NormalizeDouble(HighBuffer2[1]-100*Point,4),4)+")", 12, "Arial Black", clrBlack);
ObjectCreate("QuarterWWWW____", OBJ_TEXT, 0, Time[0], HighBuffer2[1]-100*Point+.0022);
ObjectSetText("QuarterWWWW____", " "+DoubleToString(NormalizeDouble(HighBuffer2[1]-100*Point,4),4)+", ("+DoubleToString(NormalizeDouble(HighBuffer2[1]-100*Point,4),4)+")", 12, "Arial Black", clrMagenta);
}
///not embedded going down - beat of last swing low
if (!embedded[0] && iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_SIGNAL,0)<75 && iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_SIGNAL,0)<=iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_SIGNAL,1)){
ObjectCreate("QuarterWWWW!", OBJ_TEXT, 0, Time[0],iLow(symbol,10080,iLowest(symbol,10080,MODE_LOW,10,1))-160*Point+.0022);
ObjectSetText("QuarterWWWW!", " "+DoubleToString(NormalizeDouble(iLow(symbol,10080,iLowest(symbol,10080,MODE_LOW,10,1))-160*Point,4),4)+", "+DoubleToString(NormalizeDouble(iLow(symbol,10080,iLowest(symbol,10080,MODE_LOW,10,1))-260*Point,4),4), 12, "Arial Black", clrBlack);
ObjectCreate("QuarterWWW____!", OBJ_TEXT, 0, Time[0], iLow(symbol,10080,iLowest(symbol,10080,MODE_LOW,10,1))-160*Point+.0022);
ObjectSetText("QuarterWWW____!", " "+DoubleToString(NormalizeDouble(iLow(symbol,10080,iLowest(symbol,10080,MODE_LOW,10,1))-160*Point,4),4)+", "+DoubleToString(NormalizeDouble(iLow(symbol,10080,iLowest(symbol,10080,MODE_LOW,10,1))-260*Point,4),4), 12, "Arial Black", clrMagenta);
}
///not embedded going down - push on the upside
if (!embedded[0] && iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_SIGNAL,0)<75 && iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_SIGNAL,0)<=iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_SIGNAL,1)){
ObjectCreate("QuarterWWWWW", OBJ_TEXT, 0, Time[0],LowBuffer[1]+100*Point+.0022);
ObjectSetText("QuarterWWWWW", " "+DoubleToString(NormalizeDouble(LowBuffer[1]+100*Point,4),4), 12, "Arial Black", clrBlack);
ObjectCreate("QuarterWWWW____", OBJ_TEXT, 0, Time[0], LowBuffer[1]+100*Point+.0022);
ObjectSetText("QuarterWWWW____", " "+DoubleToString(NormalizeDouble(LowBuffer[1]+100*Point,4),4), 12, "Arial Black", clrMagenta);
}
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