Opening my Open Letters to OpenAI

When Elon says, it would be a good idea to hire those with exceptional achievements, he must not mean musicians and creative artists, for they are not going to contribute much to self driving; we have to be specific if we want progress.

Now that we found data, what are we gonna do with it?

One problem is that human thinking never really left the kindergarten level of “this is like that”. I know, because I never went to kindergarten.AI would have to implement all human limitations, the superstitions, the urban legends, the beliefs, religious paradoxes, for this is what we are, these are things that we co-exist with and live by. We must include not only the stars, but the horoscopes. Wanting to find correlations has its dangers. An example is when a chart of those died of being tangled In bed sheets and the cheese consumption chart seems eerily similar. A coincidence can become extremely damaging when algorithms start enforcing the selling in Corona (the company) based on the attention the word gets in the online media (thanks to a virus outbreak with the same name), for human lives may depend on fiscal losses (reputation, credibility included).

How do you store and restore values? In the future, when a picture shows the Amazon from space, a boat load of descriptions would need to be enclosed, saying that this is the River System in on the South American continent on Planet Earth, in our galaxy, and not a delivery center from Seattle.Who’s an ethical programmer, who’s values are in line with the majority and could be represented in decisions, and who is in the majority at all? Not everything is comparable, yet we want a yes or a no at the end of every question. How do you define “maybe” for an AI in a satisfactory manner? Superposition sounds fancy and futuristic, but can it answer the problem?We have dilemmas like all people are equal, but some are more equal than others. Can you weed out the “eye for an eye” logic? No, I don’t want to bring up the example of the unavoidable car crash where the AI has to de decide between sacrificing your life or five other people in the oncoming vehicle, but the problem is responsibility. It always will be. Playing God, playing Big Brother. 
I called myself Melon Husk in my latest book, the Computer Aided Trading, so I should ask: who would be teaching humor to AI? It seems there is a need for a philosopher-comedian after all.I.e. “the erection of giant metal phalloses and their ejection / their penetration to space is the Space-seX”. Come on, don’t tell me you did not get this one!

There were no other calls on the buffer’s sample size.

It was made for EUR/USD, knowing its characteristics, its fluctuation size.

The program plots on a 1-hour chart

• W1 for the end of a Wave 1 suspect
• a W2 Buy / Sell with a value and a blue box and a white line towards
• a T1 (target 1) with a blue box
• a T2 (target 2) with a blue box

The moving averages are just for reference (additional program used: Lema 1H)

Works on any broker including IC Markets, Vantage, Darwinex, Purple trader, Squared Direct – just to name a few.

Get a copy a Wave 2 finder.EX4 for $7.99

Paypal to Macdulio att yahoo.com

Do not fade a Wave 3!

This is the number one lesson in trading.

Need I say how important it is to get the wave count right?

I myself counted this up move as a wave 3 (of Wave 5), but not as a Wave 3.

The difference is that I closed out all of my longs at the mean and called it a day, missing out on 1/2 of my potential gains and making merely 7.5% this week.

The problem is that I am Mr. Wave 2, and I managed to mess up the count while I have already made an algorithm (an indicator, and I never called an indicator an algorithm before, but this one is a beyond eloquent solution) back in July, last year.

In fact, if I were only paying a bit of attention to one of my charts, I could had spotted this easily:

Imagine how much money you could had made with this sure shot call that counts back two dojis, factors in a 4-pip dip and tells you where the Wave 3 could fizzle out, leveraging you a guaranteed 70 pips in a matter of 10 hours from your fill.

Now comes the lesson about the difference between a Wave 1 and a Wave 3.

There are only two resistance zones that are capable of turning back an impulsive wave structure.

The Fluctuation Maximum or Sound Barrier (Brownies) are measured from the last swing low / swing high from the other side of E-16 (in blue).

If you want to get better in getting the wave count right, start plotting a 9-sample stoch D on the hourly.

…now I need to get back to my train of thought trying to figure out why don’t some plots appear on Darwinex with the same version of MT4, and why my croppers remain idle without any errors.

A new section is in works on the blog marketing all software assets at real cheap and as a lead up I have a video planned around the Full Lambda Auto trend lines that should blow the lid off most people. See you soon!

Meet the Market Maker, keeper of the bridge (Mr. Maroon).

He has one question for you.

What is your favourite colour?

If you, Mr. Wave 1 answer this right, then he’ll say: fine, off you go – this is market making at its finest.

Now what happens when you are on an exuberant quest, and you happen to answer:

Blue! No, the red. And maybe gold too.

You would of course be swung back to where you started your quest from.

I know I called this a Wave 2 failure at first. I was wrong.

What happened was that the Wave 1 failed by becoming much too overbought much too soon (60-sample stochastic D).

So, applying the necessary corrections, the reality goes like this.

We left off yesterday in Bear Zone 1 with a Red Tail and a new lower low finishing off the Primary wave structure.

Now the Bulls have done exactly diddly squat with their 9 hours, so we can call Time Up on them and look to ride the Secondary wave structure lower.

The volatility whip that came out of the lower low should had provided the base for a Wave 1 up. It didn’t. The second high expanded the range a bit, but by less than 5 pips, so it is a failure. 9-10 pips would had been a break out.

There is an abyss below, and it is the path of least resistance, so what is the holdup?

The problem is that there is no root. You would need to see a continuation divergence for the kick start of the next wave structure down.

You would ideally want to see a rally falling shy of the marked high whilst RSI2 becoming more overbought and falling shy of the descending Mr. Maroon if possible. Right around the thick green Lower Guard Rail.

In conclusion I would be scaling into shorts from 1.1028 and stop shorting before 1.1031 and would feel utterly dumb if the Market Makers let this rally slide through Mr. Maroon and throw all passengers off board.

If for some reason there would be a lower low first, fade that (refer to the support levels), and add to your shorts upon breaking the low if the perceived higher high (the short entry) would get printed.

The ultimate target would be the 3x stretch limit, the purple haze, from where a Mean reversion would be likely.

Trading Decisions should be made with factoring in

1. The zone price is engaged with
2. The wave structure

1) is the top priority for it is easy to often think that a Wave structure had ended.
Your best friends are the Guard rails and the hourly count-up to know when you must hedge/ take action for a continuation is due.

2) To pin point a wave 5 of a Wave 5, you need to be constantly looking for the ending wave, which is
a) gonna end with a 22-sample (30 min) higher high / lower low
b) it would not hurt if you could point out a high octane burn that I refer to as Red tail for a confirmation (30 minute again)

To answer the riddle I posted on LinkedIn, the next number was -16.

Nobody won anything.

Which reminds me…

Sent: Monday, September 23, 2019, 8:07:10 PM GMT+1

Subject: An opportunity with the best compensation

Hi Achilles,

I’m reaching out on behalf of Citadel Securities and their C++ hiring into their US offices. Your profile showed the type of calibre they are looking to add.
Citadel Securities is a leading market maker globally, providing liquidity across a broad array of Fixed Income and equity securities. Their clients include the world’s best known Banks, Governments and Asset Managers, and they share the vision of making execution more efficient and the markets more fair and accessible to all.
You’ll hit the ground running and be building greenfield trading systems, making markets for globally recognised IPOs (slack, Uber etc.) and working on some of the most exciting High Performance and Low-latency C++ projects finance can offer. They also pay exceptional levels of compensation, rivalling competitors in finance, and the largest tech firms.
When would be a good time for us to have a call?
Thanks,
Zhang

Gathered Information + Hints based trading

4H wave structure shows Wave 5 down starting.

Market went to the daily fuel limit yest -> today should be a follow through with a no break extension.

wave 5 of wave 5 is likely to kick in from beyond E16.

Trading plan for the day: go short above E-16 and target a lower low, 4, 7 pips beyond the low made by Wave 3 of Wave 5.

Why? Because you are expecting the downside volatility to dry out.

Exit 1/2 at 1.1032, 1/2 at 1.1029

If it goes any further, go long for a possible mean reversion to 1.11

…

One visual representation of reaching a daily fuel limit (a wave 3 would do that). Showing no consolidation since.

Here is an example from earlier of the Daily Fuel Limit’s follow up, the no-break extension.

The Secondary Wave Structure is a volatility freak.

It is brought on by a prolonged, 3-wave quick break (the waves may be only visible on 15 min or even below).

The secondary structure does not have a good footing, for it does not originate from a stretched zone (Bull Zone or Bear Zone) and is preceded by a primary wave structure.

I call it a volatility freak, because the actual, directional turns (from Wave 2 to Wave 3 and from Wave 4 to Wave 5) only happen at extremes with a well pronounced continuation divergence.

Wave 1, 3 and 5 in the secondary wave all set up reversal divergences (30 minute chart) and Wave 5 has a defined 3-wave push playing out.

One hint would be looking for a red tail + higher high / lower low (depending on direction) on the 30-minute.

…

The daily fuel limit was known even before the day had started.

The final Countup is on.

The 5th Wave is expected to start from beyond E-16.

…

finding these two red tails:

ExtDownFractalsBuffer[i+3]!=EMPTY_VALUE && High[i+1]-Low[i+3]>80*Point && High[i]<High[i+1] && High[i+1]>High[i+2] && iMA(symbol,0,32,0,MODE_EMA,0,i)>iMA(NULL,0,135,0,MODE_EMA, PRICE_HIGH,i) && Close[i+1]>iMA(symbol,0,32,0,MODE_EMA,0,i+1)
      && Low[i+2]>iMA(symbol,0,32,0,MODE_EMA,0,i+2)
&& Low[i+3]>iMA(symbol,0,32,0,MODE_EMA,0,i+3)
&& Low[i+4]>iMA(symbol,0,32,0,MODE_EMA,0,i+4)
&& Low[i+5]>iMA(symbol,0,32,0,MODE_EMA,0,i+5)
&& High[i+1]>iMA(symbol,30,414,0,MODE_EMA,PRICE_HIGH,i+1)

Bear Zone & Bull Zone rules:

Once price had engaged the 1-time-plus stretch zone from the mean (by making two highs above the upper guard rail or two lows below the lower guard rail), the rules become rather simple.

To reverse the direction, the counter-party becomes put on a timer.

The chronometer starts counting up from the last fresh hourly high/low to 9.

The chronometer gets a reset upon a new 22-sample high/low.

So, what is this counting good for?

For figuring the perfect entry for a continuation and knowing when a Wave 1 was printed and price direction reversed for good.

Let me explain.

Once you have printed 9 on the counter, you most likely have seen the resistance level already. Your aim is a lower low – trail stop advised, for there is directional rotation in these zones: people get put with the bag.

If Mr. Maroon gets hit within 9 hours, the game is over with.

This upside example shows that a continuation support was not made successfully. The second set of numbers are there because I am looking for two highs above the guard rail within the last 10 samples.

…

Bonus image:

Self explaining shot about how you figure the target of a Mean reversion.

Draw in the five waves up for a mind practice and see if you got the Wave 2 trickling back through Mr. Maroon.