Achilles Dent: One Love (DMX)
Gonna be on Album #82, but currently unreleased
Author: macdulio3
Try To…
Appreciate the difference.
I am spending all of my time with one instrument, figuring out the conditions necessary for a turn, how the hype works, entries, and plausible exits.
To monitor the progression of a hype, be on the 30 minutes.
A hype is momentum embedding. The hype has an objective, which is freedom, liberation. The hype is a method used to get the price outside the yellow lines and have it consolidate there.
A hype-phase is at least 5 closes outside the 30 BB (HL2) on the 30-minute chart.
A hype can fail on the 5th candle if there are no closes outside the 60 BB despite prior interaction with it.
An all-out hype arrives with the 6th consecutive close outside the BB 30 and gets confirmed by a 1-hour pullback, responded to with a 30-minute engulfing print. From then on, the attack on the yellow line becomes blatantly clear: likely any 1-hour pullback would receive retaliation in the form of a 30-minute engulfing move.
Success is still not guaranteed, if 3 engulfing moves do not manage to put the price past the yellow line enough that the correction setting in would cap out at the yellow line, the hype would end up being a failure.
During an all-out hype, the 8-EMO would remain largely untouched, but a piercing is a sign of the last charge starting. A fallback to the house is a location for adding.
A pullback lasting beyond 1 hr is the first leg of a correction. The correction ends the hype, but it is giving birth to a final thrust. In the first 4 hours of the correction (that shall last 4-9 hours typically) you would already have the support level made in the form of the deepest close. If you get a retest of the deepest wick as well, that is a place to put on some extra money.
Otherwise, there are one-size-fits-all all people with no practical advice. I.e.:
EW1: This is Wave 3 down (so you could sell practically anywhere, right?)
EW2: This is a Wave 3 up (so you could buy practically anywhere, right?)
me: You need $2 for a bottom
Keep the change.
Found a 50p coin so far.
There was a hype, there will be a higher high after the correction.
if (Close[i]>iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_UPPER,i)) counter++;
if (Close[i]<iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_UPPER,i)) counter=0;
if (Close[i]<iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i)) counterd++;
if (Close[i]>iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i)) counterd=0;
//downside counter
if (counterd>2 && counterd<7){
ObjectCreate("Countesst"+i,OBJ_TEXT, 0, Time[i], High[i]+50*Point);
ObjectSetText("Countesst"+i, IntegerToString(counterd,1,0), 18, "Arial Black", clrMaroon);
if (counterd==5) ObjectSetText("Countesst"+i, IntegerToString(counterd,1,0), 18, "Arial Black", clrCrimson);
if (counterd==6) ObjectSetText("Countesst"+i, IntegerToString(counterd,1,0), 28, "Arial Black", clrCrimson);
}
//upside counter
if (counter>2 && counter<7){
ObjectCreate("Countess"+i,OBJ_TEXT, 0, Time[i], Low[i]-30*Point);
ObjectSetText("Countess"+i, IntegerToString(counter,1,0), 18, "Arial Black", clrPaleGreen);
if (counter==5) ObjectSetText("Countess"+i, IntegerToString(counter,1,0), 18, "Arial Black", clrDarkGreen);
if (counter==5
// && High[i]<High[i+1]
&& High[i+2]>iBands(symbol,0,60,2,0,PRICE_MEDIAN,MODE_UPPER,i+2)
&& Close[i]<iBands(symbol,0,60,2,0,PRICE_MEDIAN,MODE_UPPER,i) && Close[i+1]<iBands(symbol,0,60,2,0,PRICE_MEDIAN,MODE_UPPER,i+1) && Close[i+2]<iBands(symbol,0,60,2,0,PRICE_MEDIAN,MODE_UPPER,i+2) ) ObjectSetText("Countess"+i, IntegerToString(counter,1,0)+"-Sell", 28, "Arial Black", clrCrimson);
if (counter==6) {ObjectSetText("Countess"+i, IntegerToString(counter,1,0), 28, "Arial Black", clrDarkGreen);
}I wanted to talk about how this is light-years ahead of the YouTube scammers.
That they would never figure out that there are only 3 breakout distances, but how would they when nobody knows the location of the breakout levels, aka the edges of the house. Drawing things would not get you any closer. Plotting is a must, as you cannot calculate in your head in real time.
The yellow line, just as the house remains a mystery.
I also wanted to show you how the last breakdown at the edge of the house was 35+ pips, the first breakout on the upside was 55+ pips, and the third one was 16+ pips. All three sizes I have been citing here. I do not know these values for any other instrument.
///wick out on the upside mark up
if (High[i]<High[i+1] && High[i+1]>ExtUpperBuffer_[i+1]+30*Point
&& Open[i+1]<ExtUpperBuffer_[i+1]
&& Open[i+1]>Close[i+1]
&& MathAbs(ExtUpperBuffer_[i+1]-ExtUpperBuffer_[i])<30*Point
&& High[i+1]>High[i+2]-20*Point
&& High[i+1]>High[i]
)A $2 top could come in the shape of a Wick out. That’s anywhere from 1.1741 currently, falling shy of the yellow line at 1.1760.
The next two levels up are 42 and 60.
1 Dollar
The first thing to say is that you are not smarter than a blue line. I certainly am not.
//buy the house break above 16,35, 55/yellow
if (ExtUpperBuffer_[i+1]==ExtUpperBuffer_[i+2] && ExtUpperBuffer_[i+1]!=EMPTY_VALUE
&& D32[i+1]>-4.5 && D32[i+1]<20
&& High[i+3]<ExtUpperBuffer_[i+3] && High[i+2]<ExtUpperBuffer_[i+2] && High[i+1]<ExtUpperBuffer_[i+1] && High[i]>High[i+1]
&& Close[i+1]>iMA(symbol,0,32,0,MODE_EMA,PRICE_MEDIAN,i)
)
{
//sell the house break lower 16,35, 55/yellow
if (ExtLowerBuffer_[i+1]==ExtLowerBuffer_[i+2] && ExtLowerBuffer_[i+1]!=EMPTY_VALUE && D32NEG[i+1]<-4.5 && D32NEG[i+1]>-20
&& (D32[i+2]<7 || D32[i+2]==EMPTY_VALUE)
&& Low[i+3]>ExtLowerBuffer_[i+3] && Low[i+2]>ExtLowerBuffer_[i+2] && Low[i+1]>ExtLowerBuffer_[i+1] && Low[i]<Low[i+1])
{
The second thing is about denominations.
Wasn’t this what they were teaching you at the Online Trading Academy? Why didn’t you come to me first?
I.e. $2 bottom
1+0.5+05=2
A typical reaction is a minimum of 32 pips from the lower denominations. I have no example of a “counter” move beyond 58 pips.
From left to right:
$1 reaction from above, $1 reaction from below, $3 top (2+0.5+0.5), $3 bottom (2+1), $3 top (2+1)
So, currently we have a $2 top followed by a $1 reaction.
I’m thinking another dollar (or 2x 0.5) to be found before back, up.
Shorts
///wick out on the upside mark up
if (High[i]<High[i+1] && High[i+1]>ExtUpperBuffer_[i+1]+30*Point
&& Open[i+1]<ExtUpperBuffer_[i+1]
&& Open[i+1]>Close[i+1]
&& MathAbs(ExtUpperBuffer_[i+1]-ExtUpperBuffer_[i])<30*Point
&& High[i+1]>High[i+2]-20*Point
&& High[i+1]>High[i]
)
///wick out on the downside mark up
if (Low[i+1]<ExtLowerBuffer_[i+1]-30*Point
&& Open[i+1]>ExtLowerBuffer_[i+1]
&& Open[i+1]<Close[i+1]
&& MathAbs(ExtLowerBuffer_[i+1]-ExtLowerBuffer_[i])<30*Point
&& Low[i+1]<Low[i+2]+20*Point
&& Low[i]>Low[i+1]
)
///failed break out on the upside mark up
if (i>0 && High[i-1]<High[i] && High[i+2]>ExtUpperBuffer_[i+2]
&& High[i+1]>ExtUpperBuffer_[i+1]+20*Point
&& High[i+1]<ExtUpperBuffer_[i+1]+150*Point
&& High[i]<ExtUpperBuffer_[i]
)
///failed break out on the downside mark up
if (Low[i+2]<ExtLowerBuffer_[i+2]
&& Low[i+1]>ExtLowerBuffer_[i+1]-150*Point
&& Low[i+1]<ExtLowerBuffer_[i+1]-20*Point
&& Low[i]>ExtLowerBuffer_[i]
)
///near miss on the upside mark up
if (High[i+1]>ExtUpperBuffer_[i+1]-30*Point
&& High[i+1]<ExtUpperBuffer_[i+1]+25*Point
&& Close[i+1]<ExtUpperBuffer_[i+1]
&& High[i+1]-Low[i+1]>150*Point
// && High[i+1]>High[i+2]
&& High[i+1]>High[i]
&& ExtUpperBuffer_[i+1]>=ExtUpperBuffer_[i+2]
)
///near miss on the downside mark up
if (Low[i+1]<ExtLowerBuffer_[i+1]+30*Point
&& Low[i+1]>ExtLowerBuffer_[i+1]-20*Point
&& Close[i+1]>ExtLowerBuffer_[i+1]
&& High[i+1]-Low[i+1]>150*Point
&& Low[i+1]<Low[i+2]
&& Low[i+1]<Low[i]
&& ExtLowerBuffer_[i+1]<=ExtLowerBuffer_[i+2]+20*Point
)Hype Environment
Gotta lay down some vocabulary first.
For hype monitoring/control, a 30-minute chart with an RSI2, a 30-sample Bollinger, and an 8-sample EMO is ideal. You are not improving on anything by a lower timeframe.
The hype is on after 6 consecutive closes outside the BB.
The hype should find support at the 8 EMO upon pullback.
If the RSI2 does not cross the 50 line, that’s not a pullback; call it a dip.
A correction has multiple legs and can be skewed. Meaning the second fractal merely approaches (typically within 4 pips) the fractal printed by the Measuring Leg.
The 30-sample BB, when attacked from the inside, can prompt a stall / prompt a correction; it would require new money to close outside.
The hype ends with a correction, and is followed by a squirt.
One close above the BB, one below (one re-capture attempt) & it’s over.
First stop: S-30 – E-44 reset on the hourly.
Album # 81
Silento parody (next level silly), Mercury opera-sings, new French one, rap, disco, alternative. Oh, and Say Goodbye To The Bad Rhymes.
I find the drum-use rather creative in this one:
I am a signals guy, always have been.
I just need to get around to puttung the relation marks right. The best performer currently:
You would think I’m cherry-picking, but not. Repaint? Sure, the first hour is needed for the paint to dry
Does this look overoptimized to you?
///wick out on the upside mark up
if (High[i]<High[i+1] && High[i+1]>ExtUpperBuffer_[i+1]+30*Point
&& Open[i+1]<ExtUpperBuffer_[i+1]
&& Open[i+1]>Close[i+1]
&& MathAbs(ExtUpperBuffer_[i+1]-ExtUpperBuffer_[i])<30*Point
&& High[i+1]>High[i+2]-20*Point
)
Not Quite
This top is wearing off slower than expected.
I looked back some history, and could not find a one day 200+ pips candle coming off of a lower low (not even from beyond 4.5x stretch). The 16-EMA still has not been reached.
However, I think the diagonal red plot is right for using the low as a starting point from 2 days earlier. There could be a higher high in the coming days, but typically not more than 15 pips extra.
Now with the full consolidation the Pendulum’s origo was reset near the previous high leaving room for an extension-move.
I’m showing an open top print (purple diagonal), and the M.O. is 3 more attempts to go higher and two marginal higher highs in total.
In terms of a possible time out: to show any intent, you would need to see a 3-4 pips beat within 37 hours. If no higher was made by hour 53, go short with size.
After that, there would be a move to the 100-pip stop (2nd image) which would be pulled higher by the number of pips they would manage to tag on.
I do not get the sudden rate-cut argument at all in this relative game; first of all it has not happened yer, and if it does, do you think Europe and the rest of the wotld would not be participating in the race to the bottom? BOE is taking charge already.
Check out Freddy Mercury singing my song, A Jolt Of Fire – coming out soon with album #81.
From Here
There was an Iceberg order (yellow arrows) where they accumulated Euro in a big way. See the blue line? My only trendline plot on the entire chart, hinting a backtest from below (kiss-goodbye?)
The embedded oversold stochastic unraveled & went to the other extreme.
The price landed in the moat, just behind the E-9.
The mean reversion projections were just about perfect.
…although this mean reversion took 1.5 hours versus a 2-day statistical average. By the way, from the 6x fluctuation maximum peak, it took 41 hours to return.
This looks like an inverse head & shoulders.
Of course, you could have a deeper right shoulder or at least a double. The cyan-shaded two hourly candles are professionals’ profit-taking on the first leg up.
There’s also the end of the pendulum at “300”.
Normally, you would get a swing back from here (to the other end). I certainly don’t think that a gap up is a possibility here, but a gap down would help recharge the energy faster.
This large daily candle was also a recharge move for the daily energy.
The upper reversal zone starts at 1.1581 – how interesting is that?!
The daily stochastic would be out of the oversold, which could attract fresh shorts.
I certainly don’t like the speed of the move up, but I leave you with some claws.
Whatever low we get on Monday, if that holds for the next 3 days, the move could continue (see 2 C) or if the 2.2x fluctuation maximum line (white F + green diagonal example) remains untouched after 3 daily lows (inside days don’t count), you’ll get another leg up.
Liquidity breaks are typically counterproductive.
Check the difference between the starting points below:
The first one was above the EMA band. The second one, after a maximum effort, just managed to put is head above the waterline. Not my idea of a start of a healthy new leg up. From below the weekly S3 (1.1414)
I have another trendline for you on the weekly. Another kiss-goodbye look. Probably a major gap down would be my thinking based on this one. Not looking constructive at the slightest.
Severely Oversold
Need to get a liquidity break soon, daily stoch below 1.6
It could fail at 1.440 plus 15 pips or get a break for 50+ pips.
If you are short still, this feels like pressing your luck.
for a while, this album was nowhere on YouTube
made me panic
Clutch Failure
///Clutch Up
if (Close[i]<Open[i] && Close[i+1]-Open[i+1]>50*Point && ((Close[i+2]-Open[i+2]>50*Point && iRSI(symbol,0,2,PRICE_MEDIAN,i+1)>99.3) || (Close[i+2]<iLow(symbol,0,iLowest(symbol,0,MODE_LOW,12,i+2))+460*Point && iRSI(symbol,0,2,PRICE_MEDIAN,i+1)<90)) && Close[i+3]-Open[i+3]>50*Point
&& High[i]<High[i+1]
){
ObjectCreate("DickY"+DoubleToStr(i), OBJ_TEXT, 0, Time[i+7], iClose(symbol,0,i)+30*Point);
ObjectSetText("DickY"+DoubleToStr(i), "Clutch!!!"+DoubleToStr(NormalizeDouble(iClose(symbol,0,i),4),4) , 21, "Impact", Green);
}
else if (Close[i]<Open[i] && Close[i+1]-Open[i+1]>50*Point && Close[i+2]-Open[i+2]>40*Point && Close[i+3]-Open[i+3]>50*Point )
{
ObjectCreate("DickY"+DoubleToStr(i), OBJ_TEXT, 0, Time[i+7], iOpen(symbol,0,i)+30*Point);
ObjectSetText("DickY"+DoubleToStr(i), "Fade!!!"+DoubleToStr(NormalizeDouble(iOpen(symbol,0,i),4),4) , 21, "Impact", Crimson);
}6x fluctuation maximum was reached.
They sold the 480 sample BB to tag DXY 100.
Sell above the hourly E-24 for a lower low.
1.1414 is the Weekly S3.
5x Stretch
Pro volume before FOMC, likely a cover.
The second, currently unbroken V-bottom. 48 hours of time limit for the low to hold.
5x fluctuation maximum has been achieved.
The next two levels below:
I personally would be looking for 1.1577 on the upside.
In Theory
The Chernoff distribution pattern.
This top seems to be the mirror image of the bottom at this point.
They lubed up the selling at the S-30 (cyan).
Now, here comes a conspiracy theory.
There are breakouts and fakeouts. In the following image, the two blue ovals are breakouts at the edge (/prior edge) of the house. The red rectangle is a breakout failure.
I put a white rectangle around what I think is the matching counterpoints for 3 different breakouts.
The left oval had a 16-pip breakout. When the price came back, it went past the Back Of House, since it went for the Cyan, pro volume candle.
The right oval was a 35-pip breakout. It came back to the BOH for a near miss.
My theory is this: on the way up, the volatility was getting downgraded. 55+ pips, 35+ pips, 16+ pips & a fakeout. On the way down, the volatility should grow. If the A leg managed 35+ pips, the C should do at least 55 beyond the current or a prior edge of the house. 1.1714-(55+ pips) = 1.1658 or so.
Also, once 50+ pips were reached, the market could get another instant drop after a bow-back graze of the E-24, like so:
What comes after 50+ in the sequence? 16 again.
Note how the house also moved down quite a bit. Also, you want the house to be upright.
ExtUpperBuffer[i]=iLow(symbol,0,iLowest(symbol,0,MODE_LOW,12,i))+460*Point;
ExtLowerBuffer[i]=iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,12,i))-460*Point;
if (ExtUpperBuffer[i]>ExtLowerBuffer[i]) {ExtUpperBuffer_[i]=ExtUpperBuffer[i]; ExtLowerBuffer_[i]=ExtLowerBuffer[i];
The house is the 13-hour low plus 46 pips and the 13-hour high minus 46 pips.
There is one level at 1.1664 and one at 1.1630.
Guest voices on Album #80
Brendan Perry (Dead Can Dance)>
David Bowie>
Mylene Farmer>
Neneh Cherry>
Paul Chernoff died in 2017. He used to talk about how he inherited his brain from his mother, who seemed to understand when he was telling her about quantum mechanics. Paul usually arrived late for the daily specials.
Sherwood Parker died in 2018. He would be in most nights calling in ahead of time, either a Chicken Broschette or a Nicoise. He used to ride up on the Oakland hills on a bike. He would disappear every once in a while to Switzerland, the CERN particle accelerator.
Ed Monroe used to have a brunch date at 7 AM sharp with a realtor lady. He used to live in the Biotime warehouse where they keep the cryogenically preserved people upside down in drums. He liked my poems. Black coffee, 2 eggs, toast, and anything else at a great discount. He has an Instagram with his artwork.
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