Memoirs Of A Blue Arrow

So, there may be some more downside, albeit I don’t think it is going to be immediate.

The quick thinking behind the Market Speed indicator was that the new direction gets decided just shy of the 30-sample hourly BB.

3 failures should be good for something.

Now, since we had a double divergence to the downside with a 36-pip beat (larger than usual, as they used the low liquidity around news to make the distance happen) and a blue arrow, I’d say at least a 43-pip lift, but more likely a 52-pip print from the current low.

See, there are these recurring numbers for some reason. Not percentages, exact pips where the market could keel back from.

That thing in the upper right corner is my reminder. It is good to know that you can bet on a minimum rise of 43 pips; even if it starts from a couple of pips lower, that’s still a meaty bone.

Say the low was at 30. 52 pips higher is 82. The S-480 is at 1.1184.

Some snapshots next about what can happen soon after the blue arrow print.

Above: 43 pips up, black arrow.

Below: 44 pips up, first keel back, gyrating until the black arrow prints.

Below: keel back from 53 pips, black arrow beat by 4 pips.

Now, one line about those target practices: they are what I chose for a squeeze-release signal to remind myself to add holdings.


      ///squeeze releasing to the upside
      
      if (volup[i]>12 && volup[i+1]<=10 && volup[i+2]<=10 && volup[i+3]<=10 && volup[i+4]<=10 && voldn[i]<=10 && voldn[i+1]<=10 && voldn[i+2]<=10 && voldn[i+3]<=10 && voldn[i+4]<=10)
      {
            ObjectCreate("Darchellent"+DoubleToStr(i), OBJ_TEXT, 2, Time[i], 20);
            ObjectSetText("Darchellent"+DoubleToStr(i), CharToStr(164), 71, "Wingdings", clrBlue);
      }


   ///squeeze releasing to the downside
      
      if (voldn[i]>10 && voldn[i+1]<=10 && voldn[i+2]<=10 && voldn[i+3]<=10 && voldn[i+4]<=10 && volup[i]<=10 && volup[i+1]<=10 && volup[i+2]<=10 && volup[i+3]<=10 && volup[i+4]<=10)
      {
            ObjectCreate("Darchellent"+DoubleToStr(i), OBJ_TEXT, 2, Time[i], 20);
            ObjectSetText("Darchellent"+DoubleToStr(i), CharToStr(164), 71, "Wingdings", clrMaroon);
      }

Interestingly, the E-414 and the S-712 are almost coinciding around 1. 1195.

I think incorporating Kurt Russell into Star Wars is a great idea; he blends right in.