If I had to outline a playbook for what happens next, I would say that a measuring leg was printed; there would be an undercut to 1.1091, but we could see a move higher first, probably to 1.1260.
This would be my base case, unless we see a black arrow down print on the way up.
Quickly enough, we are on to double divergences.
The up move ended in a double divergence + beat. Traders are trying to fade off the cue = not in the moratorium (without reason) is the main problem. The second divergence received an upgrade on the high (horizontal blue arrow), which is the starting point for the displacements. You figure out your maximum size; go short with half of that 3 pips out and add the second half 13 pips out. Typically the beat will be between 15-20 pips, but there are instances when the beat is only 6, and rarely, there would be no beat at all. Also, two independent divergences are equivalent to a double divergence; the moratorium starts there.
On the downside, you had two separate divergences, and the beat was 6 pips.
You need the right thinking as well as the right indicator. It took me 13 years to invent the Market Type indicator, which is the best possible help for keeping track of the divergences. It manages to display both volatility readings in one window by playing with the width of the plots.
It is one thing to get the timeframe right, but getting the sample size right is also necessary.
MOD / TV
MOD stands for Money Flow Overdrive. It has two components: the 30-minute money flow going below 21 or above 79 and the price going outside the 20-pip bracket.
Trip Volatility
There is an ebb-and-flow dynamic between a Money Flow Overdrive and Trigger Volatility at the other extreme. The Trip Volatility should end up falling shy of the 20-pip bracket.
In the following image, the first TV received a small beat – 4.4 pips; the second did not. I would suggest going with 1 pip beyond the 30-minute candle’s closing price.
////TV up
if (volup[i+1]>17 && volup[i]<volup[i+1] && High[i+1]<bracketu[i+1]+10*Point && voldn[i+1]<4 && voldn[i+1]>1.6)
{
ObjectCreate("Darcheller"+IntegerToString(i), OBJ_TEXT, 2, Time[i+1], 22);
ObjectSetText("Darcheller"+IntegerToString(i), "TV", 27, "Impact", clrPurple);
}
////MDO down
if (MFI14[i+1]<21 && MFI14[i]>21 && Low[i]>Low[i+1] && Low[i+1]<bracketd[i+1])
{
ObjectCreate("Darcheller"+IntegerToString(i), OBJ_TEXT, 2, Time[i+1], 22);
ObjectSetText("Darcheller"+IntegerToString(i), "MOD", 27, "Impact", clrBlueViolet);
}Yes, currently there’s a TV print, but it was not preceded by a Money Flow Overdrive, so it is not a continuation entry to something in progress in my opinion; it’s just volatility on the upside – good for expansion.
October results
Why did I put in 2.5k? To top up margin; I’m getting old and don’t want to let the equity drop below 20k, even though my half hedge is set for 11k and full hedge for 9k.
I’m currently in dispute with the broker (60-day process, during which I am being blocked from further withdrawals) because I noticed that two prior withdrawals (3.5k total) never got credited back to me, only disappeared from the trading account.
Music
I got some likes for these recently:
I also received one comment, saying: From where they are???
I never tried to hide the fact that I am using AI, but people talk before they read.
Achilles Dent is my pen name.
A poet’s works are becoming songs utilizing AI. I am conscious of the quality of what I produce.
I’m also rather productive; since May 2024, I have made 3 songs per day on average, meaning I currently have over 2,600.
I am trying to make tracks that are indistinguishable from live, band-made ones. Not to mislead, but to instigate people to start thinking, start feeling for themselves, independent of politics, brainwashing, and other influencing factors.
