Here is what you might have learned from NZDUSD... When the 2- and 4-hour baselines are sloping in the same direction, it's possible that the space between them constitutes prime territory for entering short-term positions. You don't want to be pulling the trigger on a trade that's based on market structure until you get confirmation of a "change of heart" in the 40-minute baseline. The above includes trades that are based on the (lower panel) 40-minute baseline oscillator crossing back below 2.4 from above, or crossing back above -2.4 from below. Here is what you might have learned from EURJPY... You don't even care about the 24- and 32-hour baselines joining the 4-, 8-, and 16-hour baselines. Your main concern is: "Do I see a 'change of heart' in the 40-minute baseline, and if so, is this occurring near the outer edged of the 8-hour price range envelope and/or other price range envelopes of greater value?" Also, your concern for the slope of baselines (at this intraday level) goes no higher than the 8-hour measure.
ANECDOTAL NOTES... Well, if the 16- and 8-hour baselines are not up to snuff when it comes to providing a money-making treasure map displaying where price is going at the intraday level, it must be the 4-hour baseline that fills this role (within the constraints of the 8-hour price range envelope). But, it's not that simple. So, I need to have a (provisional) conversation in my head to work out the complexities…the subtle nuances…the intricate details. I've already recognized the possibility that when the 2- and 4-hour baselines are headed in the same direction, the space between them might constitute prime territory for entering short-term positions, and that I should exit positions when the 40-minute baseline (not included in the above image) turns against me. But, what about when the angles of the 2- and 4-hour baselines are not aligned? How do I decide what to do then? Well, when they exhibit conflicting trajectories, consult the 40-minute baseline. If the 40- and 120-minute baselines are both on the same side of the 240-minute baseline, you want to trade in that direction—but ONLY when the slope of the 40-minute baseline matches the slope of the 240-minute baseline. But, what about when candlesticks begin painting on the side of the 4-hour baseline that's opposite the angle of the slope? How do I know the pair isn't reversing direction? Why not just buy whenever rates climb above the 4-hour baseline and sell whenever rates crawl below it? Because, if the 40-minute baseline doesn't ALSO cross over to the opposite side of the 4-hour baseline, price is almost sure to undertake the act of mean reversion (regression toward the mean) as signaled by the 10-minute baseline (not included in the above image), which might (or might not) be a good time to scalp a couple of pips worth of profit. Does this mean I should entertain the possibility that an asset is reversing direction when the 40-minute baseline DOES cross over to the opposite side of the 4-hour baseline? Yes, it does. But, reject this idea if and when (as soon as) you see the ten-minute baseline turn back the other way again (or if not, most certainly if the 20-minute baseline (not included in the above image) ALSO turns back the other way again). NOTE: Other possible confirmation signals to explore include candlesticks breaching the 4-hour price range envelope at 0.20% deviation, and/or a 4-hour baseline lower panel oscillator with a slope reading greater than 0.0109 or less than -0.0109. By the way, if the trend is strong, you might not see price pull back to the space between the 2- and 4-hour baselines. So, you might have to use the space between the 40- and 120-minute baselines instead, or possibly even the 80-minute temporal support/resistance level (not included in the above image), as appropriate. Speaking of temporal measurements, what happened to the 16- and 26-hour temporal support/resistance levels? Forget about them. They're no good for guerrilla trading. No, what you want to focus on are the 8-, 16-, and 24-hour price ranges—NOT the higher-valued temporal support/resistance levels. And this is especially true when price is bouncing off the upper or lower band of the 8-hour price range envelope, as confirmed by the 40-minute baseline, right? That's right, based in part by the (lower panel) 40-minute baseline oscillator crossing back below 2.4 from above, or crossing back above -2.4 from below. But, price might not follow through, so be prepared to exit quickly if recommended by the behavior of the 40-minute baseline, or by the interplay between the 10-, 20-, and 40-minute baselines. Thanks! I'll try out all of this next week.
To assist my learning Spanish... Bueno, si las líneas de base de 16 y 8 horas no están a la altura cuando se trata de proporcionar un mapa del tesoro para hacer dinero que muestre hacia dónde va el precio en el nivel intradiario, debe ser la línea de base de 4 horas la que cumpla este papel (dentro de las limitaciones del sobre del rango de precios de 8 horas). Pero no es tan simple. Entonces, necesito tener una conversación (provisional) en mi cabeza para resolver las complejidades ... los matices sutiles ... los detalles intrincados. Ya reconocí la posibilidad de que cuando las líneas de base de 2 y 4 horas se dirigen en la misma dirección, el espacio entre ellas podría constituir un territorio privilegiado para ingresar a posiciones de corto plazo, y que debería salir de las posiciones cuando los 40 minutos La línea de base (no incluida en la imagen de arriba) se vuelve en mi contra. Pero, ¿qué pasa cuando los ángulos de las líneas de base de 2 y 4 horas no están alineados? ¿Cómo decido qué hacer entonces? Bueno, cuando exhiban trayectorias conflictivas, consulte la línea de base de 40 minutos. Si las líneas de base de 40 y 120 minutos están en el mismo lado de la línea de base de 240 minutos, desea operar en esa dirección, pero SOLO cuando la pendiente de la línea de base de 40 minutos coincide con la pendiente de la línea de base de 240 minutos. . Pero, ¿qué pasa cuando los candelabros comienzan a pintar en el lado de la línea de base de 4 horas que está opuesto al ángulo de la pendiente? ¿Cómo sé que el par no está cambiando de dirección? ¿Por qué no comprar cuando las tarifas superen la línea base de 4 horas y vender cuando las tarifas bajen por debajo de ella? Porque, si la línea de base de 40 minutos TAMBIÉN cruza al lado opuesto de la línea de base de 4 horas, es casi seguro que el precio emprenda el acto de reversión de la media (regresión hacia la media) como lo indica la línea de base de 10 minutos. (no incluido en la imagen de arriba), que podría (o no) ser un buen momento para arrancar un par de pips de ganancias. ¿Significa esto que debo considerar la posibilidad de que un activo esté cambiando de dirección cuando la línea de base de 40 minutos se cruza al lado opuesto de la línea de base de 4 horas? Si, lo hace. Pero, rechace esta idea si y cuando (tan pronto como) vea que la línea de base de diez minutos se vuelve hacia el otro lado nuevamente (o si no, con toda seguridad si la línea de base de 20 minutos (no incluida en la imagen de arriba) TAMBIÉN regresa al revés otra vez). NOTA: Otras posibles señales de confirmación para explorar incluyen velas que rompen el rango de precios de 4 horas con una desviación del 0.20% y / o un oscilador de panel inferior de línea base de 4 horas con una lectura de pendiente mayor que 0.0109 o menor que -0.0109. Por cierto, si la tendencia es fuerte, es posible que no vea que el precio retroceda al espacio entre las líneas base de 2 y 4 horas. Por lo tanto, es posible que tenga que usar el espacio entre las líneas de base de 40 y 120 minutos en su lugar, o posiblemente incluso el nivel de soporte / resistencia temporal de 80 minutos (no incluido en la imagen de arriba), según corresponda. Hablando de medidas temporales, ¿qué pasó con los niveles de soporte / resistencia temporal de 16 y 26 horas? Olvídate de ellos. No sirven para el comercio de guerrillas. No, en lo que desea centrarse son en los rangos de precios de 8, 16 y 24 horas, NO en los niveles de soporte / resistencia temporal de mayor valor. Y esto es especialmente cierto cuando el precio rebota en la banda superior o inferior del sobre del rango de precios de 8 horas, como lo confirma la línea de base de 40 minutos, ¿verdad? Así es, basado en parte por el oscilador de línea de base de 40 minutos (panel inferior) que cruza hacia atrás por debajo de 2,4 desde arriba, o cruza hacia atrás por encima de -2,4 desde abajo. Sin embargo, es posible que el precio no se cumpla, así que prepárese para salir rápidamente si lo recomienda el comportamiento de la línea de base de 40 minutos o la interacción entre las líneas de base de 10, 20 y 40 minutos. ¡Gracias! Probaré todo esto la semana que viene.
Protocol for the New BAG-T Forex System: Biblical Approach to Guerrilla Trading - Saturday, May 22, 2021 Check to see if candlesticks have made contact with the upper or lower band of the 40-minute price range envelope and/or if the lower panel 40-minute baseline oscillator has crossed back below the 2.4 upper level from above, or crossed back above the -2.4 lower level from below. If any of these conditions are met, recognize that a reversal in the intraday trend can/might take place at any time—especially if the outer edge of this price range is converging with the outer edge of one or more of the higher-time-framed price ranges. Take note of the slopes of the 20- and 40-minute baselines. If the slopes of these two measurements are headed in the same direction, this is the direction in which you will be trading. However, it is better if the direction of each trade is also confirmed by the slope of the 2-hour baseline, and better yet if the trajectory of the 4-hour baseline is aligned with these lower/faster measurements as well. (By the way, other possible confirmation signals to explore include candlesticks breaching the 4-hour price range envelope at 0.20% deviation, and/or a lower panel slope of the 4-hour baseline histogram with a reading greater than 0.0109 or less than -0.0109.) Note that when the 2- and 4-hour baselines are headed in the same direction, the space between them might constitute prime territory for entering short-term positions. However, if the trend is strong enough, you might not see price pull back to the space between the 2- and 4-hour baselines. So, you might have to use the space between the 40- and 120-minute baselines instead, or possibly even the 80-minute temporal support or resistance level, as appropriate. Exit positions when the 40-minute baseline turns against you, or when the interplay between the 10-, 20-, and/or 40-minute baselines recommend this action.
Tuesday / May 25, 2021 / 5:30 AM PST In order to save memory so my charts load faster, I've substituted most of my proprietary indicators with standard ones that serve as the closest approximations. However, I just came up with a one-minute adaptive dynamic price range envelope that I never created before, which I think I'm going to continue using... It allows me to jump into the market and begin compiling small gains (that should add up to respectable returns once I'm finished) almost immediately so as to make money without having to wait around all day (or several days) while at the same time avoiding much in the way of draw downs. Once I've gained confidence and competence in using it, I plan to make 0.02-sized lot trades standard, then 0.03, and continue moving up from there.
Tuesday / May 25, 2021 / 9:50 AM PST This trade is purely experimental... It's rationale is based on the 4-hour "Envelopes That Matter" configuration, which only cares about the 16-hour price range at 0.20%, 0.40%, and 0.75% deviation; and the 4-hour price range at 0.25% and 0.40% deviation. Given that the 16-hour price range envelope adopted a bullish trajectory at the start of this trading week, and that the 4-hour price range envelope is bullish as well, the assumption is that the rate is rising overall. It is also believed that the probability of the rate falling below the 20-hour temporal support level is extremely low, and the probability it will eventually make contact with the 20-hour temporal resistance level is extremely high. And finally, with the current four-hour candlestick about to paint a close that is well below the open, it is reasonable to conclude the pair is likely to reach 90.43 before it ever falls to 90.14. I manged to finish ahead of the game today, even though I was using three brand new, unproven strategies... This almost never happens when I'm testing new ideas, so I think these novel tactics might have some great potential, especially since I believe NZDJPY, GBPJPY, and USDCHF were all avoidable mistakes. Now I need to go back and evaluate what happened in these three cases so I don't ever do the same thing again. (I still have one open position, hoping to see CADJPY climb to 90.43.)
You tried joining established trends from logical entry points. But logical or not, this tactic can fail if you happen to do so just when the asset is reversing direction, which is what happened in at least two instances here (GBPJPY and NZDJPY). With USDCHF, you probably shorted the pair before the rate actually hit the 20-hour temporal resistance level. So, trade off actual hits and not merely structure, and also, only trade tops and bottoms—don't join in on established trends (unless you are guerrilla trading using the "snake," which is to say, the dynamic one-minute adaptive price range envelope). By the way, when you're trading using the snake, see what happens if you use the 10-minute baseline crossing the 40-minute baseline as confirmation of a reversal.
You should have dropped down to the five-minute chart and waited for candlesticks to bounce off the 20-hour temporal support level, as it might be in the process of doing right now. So, let's see if you have better luck this time...
Tuesday / May 25, 2021 8:00 PM PST .Yeah Baby!!!! My return to experimenting with guerrilla trading (scalping) has come full circle, resulting in a swing trading lower panel indicators configuration superior, in my view, to all the ones I constructed beforehand... And yet, it is super simple. The absolute optimal potential trade opportunities set up when the slope of the four-day baseline histogram paints on one half of the panel (especially if the 24- and 16-hour baseline histograms are doing the same thing) and the four-day temporal support/resistance level oscillator paints on the other half.