macdulio3

Ropes To Nowhere

The week closed below the previous week’s low.

Ain’t nothing bullish about that.

Numerology.

We had 3 liquidity breaks (V tops) towards the 9-day EMA. Barry Taylor is always saying something about big things happening to those having triplets – or something similar.

The daily stochastic is embedded oversold.

See the magenta RSI2 prints? A lot of them, yes, but there is a problem with calling the bottom, namely, the white numbers (stochastic readings). They are too high. They should be between 8.5 and 4 optimally for a bottom (blue instead of white).

A mean reversion is soo overdue, yet it is not happening. If you want a trending move to kick in, you need to be active around the guard rail to prevent returning to the 9-day EMA. The magenta shading below is to call attention to a squeeze going on. This makes gapping likely.

This is a channeling move down with a wall of fading at about 52 pips from the 200-hour low.

Now, onto the signals.

For automation, there’s nothing more useful than 30-minute RSI2 (over medians).

The rectangles are proposed turning points.

I shaded the RSI2 extremes below 6.4 and above 93.6. I add these prints up when I see a “lift button pressed”. The filters are not symmetrical, but the principle is the same. I show you the upside one:

///lift button down
      if ( R6H[i+2]+R6H[i+3]+R6H[i+4]+R6H[i+5]+R6H[i+6]+R6H[i+7]+R6H[i+8]+R6H[i+9]+R6H[i+10]
      +R6H[i+11]+R6H[i+12]+R6H[i+13]+R6H[i+14]+R6H[i+15]+R6H[i+16]+R6H[i+17]+R6H[i+18]+R6H[i+19]+R6H[i+20]
      +R6H[i+21]+R6H[i+22]+R6H[i+23]+R6H[i+24]>5
      && (voldn[i+1]<28 || voldn[i+1]>30)
      &&
      RSI2[i]>7 && RSI2[i+1]<7 && RSI2[i+2]>7){
             ObjectDelete("Banalisti");  
      
           
            if (Close[i]<(iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,399,i))+iLow(symbol,0,iLowest(symbol,0,MODE_LOW,399,i)))/2){
                ObjectCreate("Fracabbbb"+IntegerToString(i), OBJ_RECTANGLE, 0,  Time[i+12], iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,28,i)), Time[i], iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,28,i))+40*Point);             
               ObjectCreate( "Banalisti", OBJ_HLINE, 0,  Time[0], iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,28,i))+40*Point);
            }   
            else { 
                 ObjectCreate("Fracabbbb"+IntegerToString(i), OBJ_RECTANGLE, 0,  Time[i+12], iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,28,i)), Time[i], iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,28,i))+80*Point);
                 ObjectCreate( "Banalisti", OBJ_HLINE, 0,  Time[0], iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,28,i))+80*Point);}
               ObjectSet("Banalisti", OBJPROP_COLOR, clrCrimson );
               ObjectSet("Banalisti", OBJPROP_WIDTH, 6 );
               ObjectSet("Banalisti", OBJPROP_RAY_RIGHT, false );
               ObjectSet("Banalisti", OBJPROP_STYLE, 1); 
            
              ObjectSetInteger(0,"Fracabbbb"+IntegerToString(i),OBJPROP_COLOR,clrCrimson);
             ObjectSet("Fracabbbb"+IntegerToString(i),OBJPROP_BACK,1);
             ObjectSet("Fracabbbb"+IntegerToString(i),OBJPROP_WIDTH,5);  
               
   }

The lift button down in this case is a V-spike on RSI2 below 7.

YouTube has stopped promoting me again. 3 new songs here today. A new Duran, a new Madonna, and a French.

I use scraps, things that I no longer want to use in English, but I still find some value in them as a starting point for the French tracks. The new album has 6 tracks so far, and may take a while before I release it, as I want at least 16 songs – so far, an amazing bunch, a worthy follow-up to the second album (Seconde Chance was its title).