The Tide Is Turning

Tid means Time. Also, a way to shorten, Tide Turning.

The circled numbers are settled ones. They change at the top of the hour with a new settlement. The first number is the maximum distance achieved from the 10-sample low/high, and the second is the 200-sample one.

Volatility measurements that can help you figure out the point when the counter-directional volatility can no longer be compressed and it steps outside the trench.

 ExtATRBuffer[i]= -1*(iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,sample-1,i+1))-Low[i+1])*-10000;
 ExtATRBuffer2[i]=(High[i+1]-iLow(symbol,0,iLowest(symbol,0,MODE_LOW,sample-1,i+1)))*10000;
 ExtATRBufferf[i]= -1*(iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,200-1,i+1))-Low[i+1])*-10000;
 ExtATRBuffer2f[i]=(High[i+1]-iLow(symbol,0,iLowest(symbol,0,MODE_LOW,200-1,i+1)))*10000;  

I monitor for a 1:8 ratio on the upside and a 1:10 ratio on the downside. It is the start of a 3-point or even larger turn, so the low/high is by no means untouchable, but likely isn’t gonna get exceeded by much. 10 pips would be a lot already, 1-4 pips is typical. Only when the skew is steep would you not be able to match the low/high.

if (High[i+2]>iMA(symbol,0,32,0,MODE_EMA,PRICE_MEDIAN,i+2) && ExtATRBuffer[i]<25 && ExtATRBuffer[i+1]<ExtATRBufferf[i+1]/8 && ExtATRBuffer[i]>ExtATRBufferf[i]/8)

if (ExtATRBuffer2[i]<22 && ExtATRBuffer2[i+1]<ExtATRBuffer2f[i+1]/10 && ExtATRBuffer2[i]>ExtATRBuffer2f[i]/10)

There are not a lot of market models that can keep you in the picture and on the right side during a Powell press conference. So, let’s see what happened in the house.

For the show a Leg2 ended in a tide turn.

Inside the house, there were 3 Failures of trying to leave at the front of the house, 2 misses at the back of the house and then you got a the first leg out. After that the market was either going to come back to the E-32 or fail to re-enter the house.

The first leg ultimately made it to the yellow, maximum effort line (professional volume appeared) and a tide turn printed.

What are we looking for? After Wave 1, the E-32 is behaving as a resistance. If this were to go out at the rear end of the house, you would have a 2nd leg that you should not be fading at least until you see a ride change.

No one really has the upper hand while inside the house. A failure or a miss by the front end may still be in the cards first, since a tide print hasn’t been made so far.

Overall, this is going lower, as there has not yet ben a thust on the downside, but this does not mean short at market.


Glossary.

 if (ExtATRBuffer[0]>24 && ExtATRBuffer[0]<32 && ExtATRBuffer[1]<28 && ExtATRBuffer[2]<28) ObjectSet("PENELOPED"+6,OBJPROP_COLOR,clrYellow); 
  ObjectSetText("PENELOPED"+6,"Short Comp: "+DoubleToStr(NormalizeDouble(ExtATRBuffer[0],2),1)+"   "+DoubleToStr(NormalizeDouble(ExtATRBuffer[ArrayMaximum(ExtATRBuffer,10,0)],2),1),19,"Arial Black");
   if (ExtATRBuffer[0]<(ExtATRBufferf[0]/8)) ObjectSet("PENELOPED"+6,OBJPROP_COLOR,clrMediumSpringGreen);