Continuing the process I started with gold and foreign currency pairs, I wouldn't be surprised if this turns out to be about the best I can do when it comes to coding a trade alert for crude oil...
SUNDAY | JULY 28, 2024 Perhaps about three times in the last three weeks I've thought I was on the verge of where I'd be leaving any significant additional development of NPP behind and focusing almost exclusively on trading, only to prove myself wrong. However, I trust this time will be different for a handful of reasons... First, I haven't changed any of my settings/parameters for some time (they seem to be standardized now). Second, this time around I ended up coding trade alerts based the ideas behind my chart configurations that give every indication of being valid and supported by solid rationale, which wasn't the case before. And third, I felt motivated to start memorizing all my settings (which happened at least twice before) and began putting together the graphic organizer above to help me do so, but found that I had more-or-less memorized everything before I even got started on the final document. In testing and trying out this and that over the last few months, I shrank my NADEX demo account down to $318,538.75, so now my aim is to see how long it takes me to get it back up to a million bucks, assuming I really am beginning Phase II (or III) of my journey.
WEDNESDAY | JULY 31, 2024 So then, my culminating thought after having pretty much exhausted my seven to thirteen year self-study with respect to (investigation into) trading foreign currency pairs and then gold, silver, natural gas and crude oil is that the latter two are the easiest to deal with when it comes to successfully purchasing short-term binary option contracts...
My protocol for natural gas has taken on additional clarity, as reflected in this new trade alert... The same can be said for trading the Forex pairs. To put the corresponding alert to the text, I applied it to EURGBP during a period of time when it was not trending well at all, and here are the entry points it suggested...
Here are the updated trade alerts for silver... I already have a similar alert for gold, so the only asset left to revisit is crude oil, and I'll be all set for trading the New York session after I wake up tomorrow morning. UPDATE: Crude oil is ready to go...
The tweaking I did on Friday of my chart configurations for gold, silver, natural gas and crude oil recommended I code the following corresponding trade alerts… To facilitate the memorization of the subtle changes I've made to my now "standard" measures that resulted in the above signals, let me compare and contrast the four setups with one another: First of all, both gold and silver essentially rely on 30-minute measures, with gold seeking the assistance of the 30-minute price range envelope at 0.30% deviation, and silver referencing a 34¼-minute price range envelope at 0.65% deviation. However, gold confirms the direction of the 30-minute measure's price flow (moving average) using a 90-minute baseline, whereas silver carries out this task using a 60-minute baseline. The "money measure" for gold is the slope of the six-minute baseline, but for silver, it's when the 4¼-minute baseline crosses over the 11½-minute baseline. Natural gas relies on the slope of the 8½-minute baseline, whereas crude oil leans of the slope of the 21½-minute baseline. For both natural gas and crude oil, 80-minute measures play a key role, but in differing ways. Crude oil observes the positional relationship of the 80-minute baseline to the two-hour baseline, in contrast with natural gas, which is more concerned with the "statistical" support and resistance offered by the 80-minute price range envelope(s) at 0.60%, 1.00% and 2.00% deviation.
Excerpt from one of the Numerical Price Prediction (NPP) lessons I'm working on. One of my primary goals when day trading any financial asset is to identify its corresponding "money measure." This made-up term references the fastest measure able to ensure the accumulation of profits if positions are entered and exited in accordance with the direction suggested by the path of its overall progress. Again, the money measure is the fastest, sufficiently stable indicator—or the best graphic, if you will—for accurately reflecting or conveying the gist of the immediate trend such that a trader who uses its slope as the arbiter for deciding when to buy and when to sell (not to mention how long to remain with a given "run") will inevitably enjoy successful outcomes. So then, after several years evaluating an infinite number of charts, I arrived at the conclusion that when it comes to trading Forex at the intraday level, the appropriate money measures for day trading are XXXXXXXXXXX, as represented by XXXXXXXXXXX, and the XXXXXXXXXXX, consisting of XXXXXXXXXXXX, as pictured in the image below. To verify the measures and settings designated for or ascribed to this chart configuration, I coded corresponding alert-signal-indicators in a sort of parabolic SAR style based on the relevant numbers to see if it resulted in a rational, reasonable-looking outcome, which accounts for the green and red arrows you see painted above.