Thanks be to God, it seems all the "study" and "research" I conducted over the last seven years was not in vain, with the culmination of the body of information gathered during that time bringing me to a place where my trading might now very well be ready to explode exponentially...
So then, I ought to be able to take the information I now have in my pocket, and go back to day trading stocks with little difficulty, God willing, whenever I once again have a minimum of $25,000 in discretionary funds to deposit in a traditional brokerage account. (I have yet to look at Numerical Price Prediction when applied to commodities.)
Anecdotal Notes from the "90-Minute Price Flow" Chart Configuration: Test out these moves next week for bigger returns and see if they work... The ideal time to enter positions is when the slope of the seven-hour baseline (as represented by the lower-panel histogram) is greater than 0.0327 or less than -0.0327. When this is the case, enter positions when price pulls back behind the far side of the 90-minute price flow channel at 0.07% deviation—provided this measure is sloping in the same direction as the seven-hour baseline. If this isn't possible, then the alternative entry point would be when price pulls back behind the 0.06% deviation level of the 60-minute price flow channel. It the seven-hour measures are trending—but not so sharply—look to enter positions as the 60-minute baseline reverses direction on the far side of the seven-hour baseline. If the seven-hour price flow is noncommittal (vacillating or neutral—in consolidation or accumulation) then watch for reversals in the 60-minute baseline above or below the upper or lower band of the seven-hour price range envelope at 0.30% deviation. If rates don't turn around there, look for them to do so at 0.60% deviation, or under the most extreme conditions at 0.75% and then 0.90% deviation.
This is probably your best proprietary envelope for intraday trading. It's the one that has the numbers 12 and 5, and the words "Path" and "SMOOTHED," in the title...
I might return to the above later, but today, I simply looked to enter positions when price was coming out of pullbacks in the five-minute price flow; with the ideal scenario being alignment between the 36-hour, seven-hour, 90-minute, 60-minute, 27-minute, 16-minute and five-minute price flows...
Don't bother, because it doesn't actually matter. The "real" question (or main question) is: What's going on with the 27-minute (30-minute) price flow—especially in relation to the slopes of the 60- and 90-minute baselines? This suggests the "best" time to enter positions would be as price is coming out of pullbacks in the five-minute baseline at the 0.05% deviation level of the 27-minute price flow channel, with the ideal take-profit target being the opposite side of the envelope at 0.10% deviation.
I find that in actual practice, I am NOT using the above indicator. What I AM doing though is using the following graphics... In a nutshell, I generally want to be in long positions when the lower-panel histogram is above the upper dot-dot-dash level, and short positions when the histogram is below the lower level. However, this is NOT automatic. Before taking action, I need to verify that the slope of the thistle-colored baseline agrees with the slope of the green price flow channel, and that the overall progress of the twirling/twisted ribbon red and blue price range envelope does the same. Positions are ideally entered at the upper or lower band on the "far" side of the ribbon, as appropriate.
Tuesday | January 30, 2024 | 12:40 PM PST Let's slap your "best proprietary envelope for intraday trading" on a chart with the graphics from Post #868 (plus). With the extra measures, we can make things even simpler. Now, we can basically say that you're looking to be long or short based on whether the slopes of the thistle-colored and orange baselines are in agreement—especially if candlesticks are simultaneously forcing the red and blue "ribbon" envelope higher or lower, as appropriate.
A "GLOBAL" PERSPECTIVE These are the two levels of my daily price range envelope. It is not unusual for rates to turn around and head in the opposite direction upon entering proximity of either of these two regions. Also pictured are my dynamic intraday support and resistance levels, which guide the scalping and guerrilla trading I do as price bounces back and forth between the upper and lower zones comprising these measures.