You are a professional trader if your main income arrives from trading.

It does not matter whether you have worked for Lehman Brothers or not, if you issued a crypto scam, operated a broker and forged trading statements, purchased Ted Talk stage time or the cover of Forbes, rented cars & helicopters, bought lots of monitors… if you made up a plausible urban legend that you turned 2k into 170k (but there is no way to prove it), if you made people pay for trading courses or trading routines, you are not necessarily a trader, in fact, you likely aren’t.

A scammer darkly

My empathy is only to the extent of a line from Jan Blomqvist’s Empty Trading Floor song:

We just want to feel something we’re not.

I only have a problem with you if start scamming people out of their savings posing as something you are not.

In order to be a trader, you need to buy and sell something for gains, let it be equities, Index Funds, ETFs, ETNs, commodities, futures, currencies, CFDs, bonds, yields, SPACs, crypto scam, shoe laces, armadillo meat, art collection, blow or stolen goods. Betting is not necessarily trading, i.e. playing binary options isn’t.

Also, being successful in one gender of trading does not say anything about how you would fare with another. The fact that data can be turned into a chart does not make the different genders of trading be anything alike, despite of this impression that you may get.

If your only income this month was $10 from selling something for a profit, you are technically a professional trader – being able to sustain yourself is a different matter.

As you can see from the bold highlights below, I had months when I qualified, but now I can claim trading as my main profession over a yearly sample size.

If you hear someone saying, “I turned x money to y” you are facing a magician, an illusionist. Scammers feel the draw to unaccountable, murky methods & overall existence. A real trader would never say such sentence, but would be able to tell how much they made yesterday, last month, last year purely from trading and show a detailed statement to back these claims up.

Just remember this; if a shrink is rapping, that does mot make him/her a professional shrinkwrapper.

There are multiple options available right here, besides my way there is also the hwy. There is more than one way to skim a milk.

You know if a statement shows 3.1 pips average or below, that this was done by Macdulio (imagine if I had to pay 1+ pips spread on EUR/USD!). Oh yeah, the number of trades is also up there accordingly.

Similarities & differences for August & September.

Both month had 22 trading days, the trading instrument was the same & the common retaliator was me.

What you may be missing out on at the first pass, is that underneath the consistency is the fact that I am not making large bets, but rather making a serious effort of adding to the equity consistently. Instead of 5-10 trades per month I put on 600+.

At least now you can tell that you know a professional trader & that’s a wrap.

As for me, I probably have come across a real trader once on a forum, who said that he makes 3-5% a month and I would consider entertaining this even without seeing his statement. He’s certainly good, but who would entrust a Forex broker with $400k?

An overnight trading success takes a decade of preparation.

Empty Floor

Song by Jan Blomqvist

Emma wants the secret to be told
That the fucking rainbow has no gold
And she knows exactly what to say
Confusing it completely the next day
And we just wanna feel something we’re not
And forget about the limits that we got

Like you’re losing your senses
Abusing them too much
Another try to break the fences
Seem to fall with just a touch

The unsaid always talks to you at night
And you don’t even know you, get it right
And the days are passing by, as they do
So Emma wants to stop the time with you

Like you’re losing your senses
Abusing them too much
Your never-ending dance is
Endlessly untouched
The illusion of chances
Confusing you too much
Another try to break the fences
Seem to fall with just a touch

Emma knows exactly how you feel
But you can’t even ask if this is real
Recorded voice cracks in, “please hold the line”
Was the floor this empty all the time?

---

Bit of nostalgia for the old me, Sade: MEWP operator

…used to get caught up in dog fights…

There were plenty of others, in fact LinkedIn is full of these people. Not gonna go deep, just would mention doctored images for statements where anything might be off from calculations to font, font color, no consideration for the order sorting type (symbol, order, opening time, closing time, profit and no other option!) Not detailed, partial MT4 screen shots and self proclaimed labels singing to the skies.

So yeah, don’t get on the wrong side of me!

We’ve got tonight, who needs tomorrow?

We’ve got tonight, why don’t you swallow?!

I know, what started out as a celebration became a shaming.

But you have to take the good with the bad.

Take it, just like you should.

I should be so flukey

As for Greg Secker’s pitch question: can you make $500 daily in Forex, my answers are:

• Based on my trial year, I was able to make $447.63 per day (9,847.96/22 – but that was a fluke, Skywalker) in my best month with around 30k equity, 500:1 leverage trading Eur/Usd only at 0.2 pip typical spread and 0.6 pip commission – imagine what account size you would need with 20x less leverage – that’s a weak no. My 1-year daily average was (38,890.57/253=153.71) – that’s a strong no.
• As for you Greg, you are gonna rot in hell basted in your secret sauce for your deeds, like the scammer worm you are – that’s a hell no.
• As for YouTube watchers, always remember that these people who appear out of nowhere trying to get you to hand over your money pay for their ads with what he/she takes away from you. You are paying for their lifestyle. There has never been a sincere / honest / successful trader who was in need of an ad like that, so develop an immediate shielding reflex against them for your own sake.

Congratulations, you just paid somebody a bunch of money, just because his last name is Sachs. At this point we cannot completely rule out that this wasn’t the dumbest decision you ever made. I would like to remind you that the Trump university now comes with a trial month of Trump Steaks, and there’s nothing that would get you in a Sharper Image.

* when at the Online Trading Academy I filled out the field of how much I had lost to date, I remember writing 160k. “You need this!” – they told me about the 6,5k course of theirs (it turns out, I didn’t) before telling me that I cannot attend the free event any more since I was there 3 times already and I never bought anything, well other than gas, but there were free sandwiches and cookies at San Jose and Concord with ever shrinking catering and guest speakers – this is how I got to see Sean Kim from Scottrade live whom – by the way – wasn’t a trader, but a market maker. It is quite different trading against your own clients with the broker’s money knowing the order flow at any given moment.

I have learnt to fish. The longer I live the more money I will make. Taking losses on your own terms is the very first step towards taking control of your own destiny. Not spending your money on YouTube scammers is step number one-A.

The exponential rAge

To me, trading was always about getting the definitions right, but what makes it extra difficult was figuring out what you needed definitions for in the first place.

This is a never ending nightmare>

Career criminals roaming free.

 varjú (a) varjúnak nem vájja ki a szemét = crow does not cut (eat) cut out the eye of another crow (Hungarian saying)

it’s magical

birds of a feather

Although they do throw each other every once in a while to underline their credibility and to undermine someone else’s that they are not closely affiliated with. They try not to bite into a feeding hand.

Ask yourself the question, when Anton Kreil (whom was made famous by a reality TV show called Million Dollar Traders) attacks Tim Sykes and threatens him with exposing him and his finances, does he do this for the right or the wrong reasons? Did he or did he not turn 3k into 60k? Hmm…. See you must separate yourself from the m.o. of the scammers harshly. I turned £38k into 0 with the previous Forex brokers I had accounts with, yet I am the only professional trader on this page (despite of currently still holding a daytime job), the rest just wants to leech on your money. We are not gonna go into details of the involvement of heavy duty scammers (likely charging tens of thousands for their “course”) with other crimes such obtaining inside information (“fundamental trading”) and bribery to cut something back in return – pay attention to the eat out drink together & let’s sexually exchange (if you scratch my balls, I’ll come & scratch your back) parties. If you think this is professional trading, I have nothing more to say.

I don’t think I’ll ever make sense of this, so I’ll just be numb until further notice.

It seems it does make a difference if you grew up reading Dr. Justice comic books or not.

---

I just realized that my The Raven translation from Poe is no longer anywhere on the net (above all I am a poet), so don’t mind me for inserting it here on my own paid space.

E. A. Poe: A holló / Achilles Dent verzió

Végtelen, kietlen éjjelen
Fucsra, elfeledett bölcseletek fölött görnyedtem
Elgyengülten, megtörten képzelôdtem, bólogattam
Már-már elszundítottam, amikor hirtelen kattogást hallottam
Mintha valaki a pajta ajtaját kaparta, kaparta volna
„Vendég az – motyogtam –, ajtómat tapogatja; vendég fog jönni.”

Igen, emlékszem arra a kopár decemberre
Amikor az elhaló parázsszemek szellemeket szögeztek a földre
És én a holnaphoz fohászkodtam: vigye el leküzdhetetlen fájdalmam
Sajgó lapjaim tépje ki, vegye át az elveszett Lenórát
A ragyogót, a ritkát, kit már csak az angyalok hívhatnak Lenórának
Idelenn nincsen már a neve sem

Selyem bánat, kármin karnisok bizonytalan zaja
Riogattak – ismeretlen rémülettel töltöttek el;
Szívem szaporaságát szelidítve ismételgettem
„Valaki bebocsátásért könyörög, esdekel, kérlel
Valaki bebocsátásért könyörög
Ez lehet, csak ez lehet

Tovább nem tétovázván erôt vettem a lelkemen
„Uram – mondam – vagy hölgyem, bocsásson meg nekem
Az igazság az, hogy elszenderedtem, és a kopogása oly erôtlen!
Olyan halkan, szinte gondoskodóan kocogtaott az ajtómban
Hogy alig hallottam!” – és kapumat szélesre tártam
Ám odakint a sötétség várakozott csak

Mélyre meredve a feketébe álltam, kábultan ábrándoztam
Rettegtemben olyanokat képzeltem, amiket halandó még sosem
A csendet, a fojtogató ürességet egyetlen szó törte csak meg
A számat félszegen elhagyó, mélyülô kételyem:
„Lenóra?” – kérdeztem hirtelen
S visszhang hangja válaszolta vissza: „Lenóra!”

Ismét feltámadt a keserû bánat, amikor a pajta felé fordulva
Újra hallottam a kaparást, és ezúttal sokkal hangosabban
„Bizonyosan – mondtam – az ablakrácsok felôl jön;
Hadd lássam hát, mi van arra, mi lehet a rejtély oka
Mi a hangok kiváltója? Hadd nyugodjak meg,
Hisz ez csak a szél lehet…

Ablakomat kireteszelve, kitárva elémtárult egy hatalmas holló látványa
Méltóságtelien lebegett az éltes madárka a szárnyait egyre csak rázva
Valamitôl nem tudott nyugodni, közeledett, majd egyszere letelepedett
Úriasan, komoran kaparta tovább onnantól Pallasz mellszobrát
Ami pont a pajtám ajtaja felett kapott helyet
A holló csak kapart, ült, és egyebet nem tett

A mord madár rosszkedvem vidám vigyorra váltotta
Halálra vált ábrázata síron túliságot mutatott
„Csapzott a tollazatod – mondtam –, de nem vágyom társaságra
Te elkóborolt, ôsholló-szörny, ki az éjszaka partjait bóklássza
Áruld el nekem, milyen úri nevet viselsz odalenn
A pokol partjain?” – S szólt a holló: „Sohasem”

Sokáig figyeltem az ügyetlen hollót válaszokat várva
De amit mondott, annak nem volt se eleje, se veleje
El kell ismernem, élô lényt nem áldott meg még
Pallasz mellszobráról egyetlen látó lény, egyetlen
Pajtám ajtaja felett terpesztô madár-bestia sem
Kinek neve éppenséggel „Sohasem”

Ez a holló, a plasztikámon trónoló csak azt a szót tudta
Mintha a teljes lelke egy tagadásban lett volna eltemetve
Egyebet nem mondott, egyetlen tollat sem hullajtott
Én pediglen alig hallhatóan elejtettem: „Más barátok is elszálltak
Holnapra ô is magamra hagy, ahogy a remény sem marad”
S a madár egyetértett: „Sohasem”

A szétszaggatott csendben lassanként feleszméltem
„Kétségtelen, azt ismétled, hogy ’megakadtatûalemez’
És a megakasztás oka egy elégedetlen mester
Aki katasztrófával büntet, mind többel és mind gyakrabban
Mígnem a melankólia marad a remény utolsó takarója
Vagy… nem? Nem, sohasem!”

A holló szomorú lelkemet tovább vigasztalta, mulattatta
Odagurítottam hát egy széket a szobor élô elôadója elé
A bársony besüppedt aladtam, és én elmélyedem a show-ban
Meredten figyeltem, mi lehet a vészjós-baljós krákogásban
Mit rejthetett el ez a madár, ez a komor, szikár, esetlen
Mi van abban a szóban, hogy „Sohasem”?

Így ücsörögtem találgatásba veszve, nem jutva elôbbre
A szárnyas a tüzelô szemeivel szívem mélyét tovább égette
Figyeltem, fejem hátravetve, a fotel mûanyagának téve
Hagyván, hogy egy lámpás fénye csúfoljon körbe
Tudván, hogy a viola vetület már nem olvad el, nem múlik el
Nem tûnik el sohasem

Aztán a levegô elnehezült, láthatatlan parfümmel telt el
Seraphim hintette, kinek létpei csilingeltek érintve a puha földet
„Hitvány! – kiáltottam – Istened küldött, angyalok kísértek
Hogy kivegyétek belôlem negyven fokon kedvesem:
Kicsi kincseden ideje túladni, Lenórát itt az ideje elfelejteni”
S szólt a holló: „Shohasem!”

„Látnok! – kiáltottam – Te gonosz! Légy bár madár, légy bár ördög
Akár szellemek küldtek, akár a pokol vetett le partjairól
E végtelen földeken, e rettenetes, sivár, kopár kietlenségben
Ebben házban, a rémek otthonábam, ôszintén mondd meg, kérlek
Sebemre ír hol terem? Kérve kérlek, áruld el nekem!”’
S szólt a holló: „Sohasem!”

„Látnok! – kiáltottam – Te gonosz! Légy bár madár, légy bár ördög
A felettünk ívelô mennyboltra, a mindkettônk által imádott Istenre
Mondd meg ennek a bánattal elnehezített léleknek
A szent szûz, kinek neve Lenóra a mennyekben
Ragyogó, sugárzó kedvesem sikerül-e felednem?”
S szólt a holló: „Sohasem!”

„Madár vagy barát vagy, vedd ezt válásnak! – pattantam fel
Takarodj vissza az éjszaka árkába, a pokol legsötétebb bugyrába
Ne hullajts tollat, úgy vidd el magaddal minden hazugságodat!
Hagyd magára magányomat! Hagyd békén a mellszobromat!
Húzd ki csôröd a szívem közepébôl; ne lássalak többé sosem”
S szólt a holló: „Sohasem!”

Mozdulatlan nyugalomban néz csak rám a „kár-vallottam”
Pallasz sápadt mellszobrán, a pajta ajtaja felett valamivel
A holló szemek most álmodó démont rejtenek
A lámpás fölüle árnyékokat másol belôle a földre
És az én lelkem a vetületbôl nem emelkedhet el
Többé már Sohasem
 

E. A. Poe: Egyedül / Achilles Dent verzió

A gyerekkor órájától nem olyan voltam
Amilyenek mások voltak – nem azt láttam
Amit mások láttak – nem tudtam meríteni,
Közös forrásból szenvedélyt szedni
Egyanazon okból nekem nem lett a kedvem
Emelkedett – ugyanattól az én szívem
El sohasem nehezedett –
Csak a magány volt, mit szerettem
Csak a magány volt, mi szeretett
Kiskoromban, a legviharosabb lét elõtt
Az élet hajnalán felemelkedett, elõjött
A jóság és betegség minden mélyébõl
A rejtély, mi még mindig magágoz köt
A gátakat elsodró áradattól fogva
A sziklától, melynek vörös volt a foka
Az õszi arany színébe öltözködött
Naptól, amely köröttem görgött
A villámtól, ami az égbõl súlytott le
A villámtól, ami nem talált el mégse’
A mennykõtõl, a kitörni készülõ vihartól
A felhõtõl, az alak megformálójától
(Mialatt kék maradt a menny maradéka)
Démon uralta látképemet

---

When Kennedy said, “we choose to go to the moon and do the other thing…”

The other thing was obviously figuring out trading.

They could not let that happen.

I’m that type of guy who finds all answers.

Check if I pointed out the principle that to put up a fight with an attack from one side, you need a commander that ranks one lower in my Canon Folder blog entry.

What can counter a Zero? An “M”.

What can counter an “M” (Resident Evil)? Something that ranks just below it, i.e. Vice Resident.

The importance of ranks was there and my other blog entry, Near Hisses talks about near misses of the M-axis or the Zero-Mastodon trendline. There was even a YouTube video introducing it – I was conscientious of its importance.

All in all, the 3-point turns are the strongest.

An attempt on a fresh M-axis ranks just one below the strongest turning trifecta: a near miss of the M-axis.

Neil, my arms are strong

As my Sketchers – the type that would be too small for most of mankind – touch the sand, I feel the overwhelming sensation that no man has gotten this far before me.

I was the guy who knew too much.

(second blog entry of the series)

How could you possibly trade effectively when you don’t even know what this stage of the market is about?

Lucky for you, I might be able to help.

The starting kit was passed down to us by our Godfather, Ira Epstein.

During embedding, the market locks in a trend.

So far so good.

A stochastic reading below 30 is oversold, above 70 is overbought. Digestible.

Here comes a deviation. I do not have to wager client base and 40+ years of reputation if I did not get some values right off the bat.

This is why I found my 18 sample, not smoothed stochastics better along with changing the embedding limits to 25 and 75. I do not believe in using the same settings on indicators on any time frame. What is the point of plotting a 200MA on a weekly chart?

On to additional personal takes.

During embedding the directional progression (new lower low/new higher high) comes with a guarantee. Yet, the volatility falls short of spectacular. It is a secure, but not necessarily fast market for making gains.

The next image is to show you my theory of the slipping clutch. Observe:

You may not need to cover on the first green box encounter as you can see above, there was a box that got completely sliced through. What you could do instead is wait for a price penetrate a box, knowing that there would be a second box encounter further down the road, you could add to your short during embedding.

Double clutching is necessary to shift the gear stick from forward to backward. And visible reference comes from 2 different candles = 2 different weeks in our case. Back to back trading days could only qualify in a Friday & Monday combination.

Ira’s stochastics show embedding by his definition for a couple of weeks during this whole time. Mine shows the double clutching issue persisting all along.

Combine this knowledge with the buy and sell zone locations cited in the previous entry, and you would start to develop a very good sense of direction.

After the price fails in the double sell zone on the way to the E-21, you sell until they buy it back in the green fields two times: you only die twice.

Then it is a long trade into the red field, and if the E-21 gets surpassed by 40 pips or the embedding gets lost, you can ride some more.

There are profound hedging implications of course due to the persisting predictability.

As for other Ira definitions like re-embedding and both the K and the D lines must be over / below – may just be obsolete with the better settings. D line (signal) would be enough to monitor.

What about this market? I’d say the market will have changed to a full bear configuration once the Weekly E-34 crossed below the E-59, but that won’t happen this week. Until then this is a mixed market with the bears luck lasting till the 21EMA and the embedding holds.

You’ll find the displacement percentages in the prior post.

…

This midnight magnet (acceleration vector) just got its filled

You are still in buy zone 1 – pay attention to the NO LONGING BEYOND 1.1647 on the first image.

Moving averages:

21 EMA – the RESET – white

34 EMA – the TREND – khaki

59 EMA – the outer limit – violet

Window Envelopes set to 2 STD deviations

Stoch 1: 18,3,3 – CLOSE/CLOSE Simple

(Stoch 2: 12,3,5 – CLOSE/CLOSE Smoothed – version of Ira Epstein)

The quarter lines will get adjusted on the Sunday night open, but the numbers are calculated as such:

The weekly range was 72.1 pips.

15% = 10.82 pips

50% = 36.05 pips

Therefore the sell zone would start at 1.77664 and end at 1.17916 (no shorting beyond)

The buy zone would start at 1.16727 and end at 1.16475 (no longing beyond)

Disregard the numbers for the current week, but remember the side advice:

    ////3 closes above E-55
              if (Close[i]>iMA(symbol,0,55,0,MODE_EMA, PRICE_LOW,i) && Close[i+1]>iMA(symbol,0,55,0,MODE_EMA, PRICE_LOW,i+1) && Close[i+2]>iMA(symbol,0,55,0,MODE_EMA, PRICE_LOW,i+2) && Low[i+3]<iMA(symbol,0,59,0,MODE_EMA, PRICE_MEDIAN,i+3)  && Close[i+4]<iMA(symbol,0,59,0,MODE_EMA, PRICE_HIGH,i+4)  ){
         ObjectCreate("TitusTFxx"+DoubleToStr(i), OBJ_TEXT, 0, Time[i+1], Close[i+1]+270*Point); 
            ObjectSetText("TitusTFxx"+DoubleToStr(i), CharToStr(74), 39, "Wingdings", clrDarkGreen);
            }  
      
      
            ////3 closes below E-55
              if (Close[i]<iMA(symbol,0,55,0,MODE_EMA, PRICE_MEDIAN,i) && Close[i+1]<iMA(symbol,0,55,0,MODE_EMA, PRICE_MEDIAN,i+1) && Close[i+2]<iMA(symbol,0,55,0,MODE_EMA, PRICE_MEDIAN,i+2) && High[i+3]>iMA(symbol,0,55,0,MODE_EMA, PRICE_MEDIAN,i+3)   && Close[i+4]>iMA(symbol,0,55,0,MODE_EMA, PRICE_MEDIAN,i+4)    ){
         ObjectCreate("TitusTFxx"+DoubleToStr(i), OBJ_TEXT, 0, Time[i+1], Close[i+1]+290*Point); 
            ObjectSetText("TitusTFxx"+DoubleToStr(i), CharToStr(74), 39, "Wingdings", clrFireBrick);
            }  

The area between the E-34 and the E-59 is a good trend following entry with the configuartion being stacked right.

But two closes on the wrong side of the E-59 may be the start of a total directional change… after embedding and the total re-configuration of the EMAs – that is.

What does sell only ST18D>30 is that you don’t want to be selling an oversold market. 18D is the delayed/smoothed 18-sample base stochastic line. In fact, the only good weekly short entries have been outside the +50% range (not promoted) that got no follow through the next week – they worked only because the 21 EMA along with the Embedded oversold condition was backing them up.

Is this a seller’s market?

The configuration of the EMAs has been bullish until 2 weeks ago when the 21 crossed below the 34.

Within the window envelope and the 21 EMA the risk reward currently is almost neutral, close to 1:1 – bands & EMA will be sliding flat to lower presumably.

Losing the oversold status (20% in blue at Comfort Levels) would open up the possibility for a run to the 50% marker and possibly the other end of the range as well.

The lower reversal zone is the 15%-5% range.

On the way up, difficulties may arise around all 3 EMAs & two weekly trendlines. Fau Wee is providing the RSI lines in this case, the limit line was hand drawn.

Further stumbling blocks would be the relevant 4-hour fractals and the volatility caps that would shape the wave structure.

The inverse head and shoulders that was printed on Friday isn’t visible from this birds eye view,

but the 65 pips addition to the neckline would put price next to the upper overdrive band.

Sauerkr out.

After some thinking I changed the NO SHORTING BEYOND to DOUBLE SELL whilst the Embedding condition is on and the E-21 isn’t violated badly. I also preferred my 18-sample stoch K above Ira Epstein’s 12-sample Close stoch K & D smoothed. I don’t ever seem to go with the factory settings.

 if (iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_MAIN,i+1)<27 && iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_MAIN,i)>27){
       ObjectCreate("Claim"+DoubleToStr(i), OBJ_TEXT, 1, Time[i], 44); 
                      ObjectSetText("Claim"+DoubleToStr(i), "!", 48, "Impact", clrGreen);
                      ObjectSet("Claim"+DoubleToStr(i), OBJPROP_BACK,0);
                      ObjectCreate("Claims"+DoubleToStr(i), OBJ_TEXT, 1, Time[i], 40); 
                      ObjectSetText("Claims"+DoubleToStr(i), "!", 42, "Impact", clrYellow);
                      ObjectSet("Claims"+DoubleToStr(i), OBJPROP_BACK,0);
                       }ObjectCreate("Quarter__", OBJ_TEXT, 0, Time[0], AxelHU[0]+.0002); 
if (iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_MAIN,2)<30 && iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_MAIN,1)<30 && iStochastic(symbol,0,18,3,3,MODE_SMA,1,MODE_MAIN,0)<30 && Close[0]<iMA(symbol,0,21,0,MODE_EMA,PRICE_MEDIAN,0)+200*Point) 
ObjectSetText("Quarter__", "  DOUBLE SELL         "+DoubleToString(NormalizeDouble(AxelHU[0],4),4), 12, "Impact", clrCrimson);
                     else ObjectSetText("Quarter__", "  NO SHORTING BEYOND         "+DoubleToString(NormalizeDouble(AxelHU[0],4),4), 12, "Impact", clrGreen);

Embedding simply means 3 consecutive weekly closes on the stochastic in the oversold or overbought field.

Railroad tracks are an alternating positive-negative candle sequence with closes and opens forming two horizontal lines and have meaningful body sizes.

What usually triggers this condition is low energy reserves and time pressure to consolidate all strength under the shortest time possible.

The railroad tracks lay down an artificially high base line keeping the volatility level elevated.

The price will break from this pattern in the wrong direction first trapping the break-out early birds.

There was this RRT on the hourly, so I thought I would pass this on.

i became a British citizen in 2019, but I have not started exercising my rights for inventing stupid slogans until last week, when I came up with this: there is no failure without foreplay.

No, I did not mean the day before you came.

I realize that the world is tuned onto sex and is full of misunderstandings.

I of course get up, stand up and don’t give up the fight for the ultimate understanding of market mechanics, what makes it flick.

i present you my evidence one failure at a time.

Some vertical lines to catch your interest.

Let’s pin your knuckle to the pinnacle with this one:

Define foreplay – it goes 3/4 of the way.

Failure – typically reaching climax short of the second goal line – a higher high / lower low.

To throw a monkey wrench into the Apple emblem, a zero-mastodon sequence does fit the foreplay & failure coupling, yet there may be yet another attempt to come to the zero-mastodon axis for George Michael / One More Try, so respect them mastodons accordingly. (A mastodon-fetish is completely normal, it is a mere attraction to overtly hairy things).

The implications are severe, the complications are uncanny. The whole idea is to restrain premature capitulation.

So that we are on the same page, I missed out on 8k gains on Thursday and Friday by calling into question the validity of these findings.

There is a also a way to turning a success to a failure, so you should know about this.

When you watch a lot of YouTube, you may start to think that all charts secretly have an Australian accent, and that the authentic name for a gravestone doji was always pin bar from the beginning of time.

What is the main point of giving names to RSI2 legs?

To know what kind of opposition would be able to reverse price.

See, there are ranks. There is hierarchy, there is supremacy.

Let’s see a basic case. From a zero turning point price shall commute until it gets tired and faces enough opposition.

The point I’m trying to make here is that the Zero ranks high in the hierarchy, from the single Zero print the price is going to be commuting in the opposite direction and it won’t turn back until at a minimum an M + D prints.

On the example above another M + D turned the direction back down, but once the M printed you could had put out your pending orders 1, 5 and 10 pips beyond the peak of the M knowing that this is going to continue lower. 1 pips beyond half size, 5 pips beyond the full size, 10 pips beyond going into excess. Notice that the D print may be scoring in the M field itself, but it is still called a D (divergent leg) for the proximity in time behind the M leg (in the next 6 hours or so).

On the image below the Zeros do not turn the direction back up, because the previous turning sequence did not rank higher. (M+D < 0)

There was an M+D continuation entry. Where D did only exceeded the M by 2.5 pips, so your sell order would only get filled for 1/2 size at the 1-pip beat.

The Zero sequence was interrupted again only with a brief M+D with the same 2.5 pips beat and half order fill, and the zero sequence kept on going until an M was printed. A Zero – M sequence draws a Zero-Mastodon axis.

At the Mastodon print the price direction officially is changed back up: 0+M> 0, and you know that a beat or a beat attempt may follow. In this case you got a 0+M+A reversal.

Two Zeros followed, that turned the direction back down. The 0+0 just as an M+D sequence was about the displacement, which was just shy of 5 pips -> 1/2 size sell order at 1-pip out.

The Double Zero was ranking just below the 0+M+A, so it did manage to reverse the direction back down, but Wave 2 down was short lived: a Zero Print followed (and even an M a little later), which, ranking just below the Double Zero changed the direction back up.

A score beyond the first magenta line is considered a soft reset that can temporarily yield to a counter move, which would normally mean a sequence of a measuring leg + a divergent leg. (M+D).

The next reversal down was a rather tricky one.

First of all, the expectation of seeing a Wave 3 and not a Wave C throws the perception off. If you think about it logically, a Zero is one step down from a Zero + M. There was also a double top kiss goodbye / beat Attempt setting up a lower high, and the structure was on its way down to print a Wave 1. From here on the plots and the perspective get distorted. Wave 1 did not end until the Mastodon print. Wave 2 ended on an “M”-reset. Which was in fact an M+D sequence but the dip between the M and the D leg actually went lower than the ending point of Wave 1.

So to be prepared for break outs, it is time to discuss what you should have a pending order out for: a Zero print exceeded in the direction of risk by 15 pips is a good place it at. The white line is the approximate location where price went beyond the Zero by 15 pips. When a break out is in progress the market is likely going to start channeling.

A lot going on here, the barely visible Turquoise channel line is a parallel of the Zero-Mastodon Axis projected from the swing high of Wave 2. After the break out, the Zero-Mastodon print temporarily turns the direction back up, and the opposition of a Zero-M gets rounded out to be a full Correction, or a Zero-M-C, where C lands on the parallel channel line and would get you in trouble if you had a pending order 15 pips beyond the zero that falls on the wrong side of the E-67 channel. Don’t do that. After the 0-M-C sequence, on the downside there is another 0 print, the Mastodon itself (extraction mark) is at first higher than the Zero, but it finally makes it back below the Zero in an M+D fashion, and the 0-M is one rank below the 0-M-C, so the reversal gets made.

I know, this is now starting to stretch too long, so down to current sequence conditions.

What can oppose a Zero-M? One rank down – I’d say, a Zero.

And what could oppose that Zero? An “M” in an M-D fashion. Either that, or a Zero that falls short of the E-67’s lower band and has a swing length at less than 32 pips would be continuation entry down.

War… Never been so much fun.

2 findings here.

#1: The Firestarter may cause a quick rejection or a hugging period (AC/DC)

#2: The Midnight Magnet marks up an acceleration starting point. This point serves as support that catches the counter move temporarily.

The one on the left got tested 3 times before it gave way. The bounce was 28.5 pips at its highest.

The one on the right was also tested 3 times. The bounce was 33 pips from the acceleration point.

I jot down ideas in a note-file for raw materials for new writings.

I wrote poisoned magnet somewhere, but could never add anything to it. This is what happens when you are a poet: you fall in love with mental image like that.

Anyways, back to the lesson.

A mean reversion turned into something else

We can agree that the mean reversion only called for 1.18017.

If an RSI2 magenta interrupted is a soft reset and a zero that gets printed put of an E67 band crossing with enough directional volatility is a hard reset, then the return to the Green River resets the whole power grid. A new direction can be picked without reprehension.

What is the story with the 17+ pips penetration beyond the Firestarter line?

I have a theory about corrective waves, or at least the M.O. of a C wave.

A Wave 1 (impulsive) usually falls short of the 3-day ATR by 20 pips – I call this the sound barrier.

A Wave 3 (impulsive) usually ends in the 3-day ATR to 3-day ATR+30% zone, and if it exceeds it somewhat, the day typically would settle back in this zone.

A Wave C (impulsive) has all 3 legs: Measuring Leg, Divergent Leg and Beat and usually falls between the sound barrier and the 3-day ATR halfway (or 10 pips shy of the 3-day ATR)

I’m not a trend vector expert yet, but I opened up this field by identifying the two sub groups & starting to explore their features.

My biggest lessons in trading seem yo be rather homogeneous: all you had to do was do nothing.

Therefore I have come to ask myself a lot: what has changed?

See, there’s a lot at snake here. Yesterday I had more shorts than longs. Then I dumped all shorts for chump change. If I were conscious about the touch/crossing over the vector line, I could had spared myself a 3k draw down and by taking on longs only on the other side both directions could had contributed to the bottom line.

I have yet to figure out things like: does time have on effect on the strength of a newly printed line? Does the presence of the mean / lack of trading throw things off? Is the Midnight Brain (acceleration) the main thing to pay attention to? I’d have to name things accordingly when I’d be a little bit firesmarter.

She looks like a ladybug & acts like a punk – hmm. Mr. Blomqvist certainly has aspirations.

Open your mind. You are used to being shocked on this blog already. Take a deep breath.

What is a trendline?

A trendline is an indicator that represents the trajectory / vector of a motion at its extreme.

There are accelerating and decelerating vectors in combination with the underlying strength measured by RSI2.

Your expectation of the next attack on an accelerating vector to be touching / going beyond the vector and the expectation for a decelerating vector is that price is going to fall shy from it upon the next approach.

Implications: next time you see somebody drawing a line without making an attempt for determining if the vector is an accelerating or decelerating one, you get to roll your eyes.

Next time you hear somebody saying, that they don’t like / use any indicators, but heftily start engaging in drawing lines everywhere, you get to judge them for their absence of understanding.

Next time somebody tells you about their course on the 3 different kind of trendlines, you get to tell them: “F* Off!”

First, an hourly image to show the two colors.

Gold is a decelerating vector – if you don’t expect it to be touched again, yet price does just that, what do you do?

Midnight blue – it warns you abut the accelerating in buying / selling. It is a hint, that this vector is going to be exceeded with high likelihood, therefore you can keep adding to your position, the further you are from this axis, the better would be your reward.

& the 4-hour for good measure.

(the Khaki lines are continuation divergences – auto plots of the Overdrive 240 routine)

It’s only when I bruise myself with someone else…