Prestidigitation

I always get pissed off by people using scientific sounding words to refer to something they themselves are unable to define.

Perhaps it’s because I think like a programmer. Discretionary stuff like “structure” and “taking a buy setup” is meaningless since there is no binary flowchart that I can turn into code.

At the same time, less arrogant expressions can find their way into useful tools.

For instance, sell weakness can be a collection of expressions, that would include:

– 3 failures (fractal prints) near the 4H 30-sample BB.

The blue diagonals show tie-offs touching the 9-day EMA (52 EMA on 4H).

– Or sell the beat of the 6th gray diamond on the 30-minute.

The collection of exits similarly would be made up of different things.

An hourly gray volatility compression divergence is one of the events that seem to score high.

Now, I was missing one of the plausible definitions for “buy strength” last Friday.

Check out this immense Money Flow divergence upon re-testing (matching) the 200-hour low.

The lowest MF print was 43.87, where the sell off hit the price bracket. With such bullish money flow, the breakdown was doomed.

I could use a shortcut, however. For instance, an 8-pip drop in downside volatility, meaning a 30-minute candle closing back by 8+ pips after a volatility print exceeding 24. Just as there is flat top-drop, there is flat bottom-lift.

See, this is a must. A binary answer. Buy or don’t. Sell or not.

See, ideally there would be a lower low.

See in this TA chart, where the bars are indicators of price data in a two-dimensional field and trendlines indicate possible limits, both the blue and the green trendlines could chip in for some support.

There is still a high-volume node between 1.1440 and 1.1437 (cyan numbers).