The silver chart suggests three additional "tricks" that might facilitate the successful execution of trades. I'm not going to describe them publicly, but I do want to acknowledge them to help me avoid forgetting about something I tried but that totally failed, OR that totally worked, OR that I totally forgot to test in the first place. They are: Race to Space Outside to Inside I Can See the Dotted Line
So, in looking at the two points of view together, I ended up with what I'm calling "Power Lines" which suggest when there is a super-high probability that buying a Forex pair will lead to a profitable outcome, or when the statistical odds that selling a pair will likely result in an intraday profit is much, much greater than average. (Obviously, the idea is to buy when the oscillator is above the upper power line/s and to sell when it is bellow it/them.)
I thought I had nothing more to add two months ago (April 15th), but obviously I was mistaken. However, today I find myself quite happy with how the observations I've made over the last couple of days and the resulting measures I've dropped on my charts comport with reality—especially with respect to swing trading the Forex market. Accordingly, I have nothing to add this morning and don't anticipated doing so any time soon. Let me see if I'm right this time..
FRIDAY | JULY 19, 2024 | 5:55 PM PST This alert signal I coded today is based on the trading protocol for trading natural gas that I'm including in my book... (By the way, this is not self-promotion since the book is going to be published via Barnes & Noble for personal use only.)
Include the protocol for trading crude oil on which the alert indicator below was base as well, provided it proves to actually work when you test in via live trading next week...
This alert for silver will not work perfectly, but perhaps you can refine it between now and Monday...
I found a way to resolve the problems I was seeing in the previous version of this indicator for silver. The top chart is the one from Post #98 and the bottom chart is the one with the modified signal. Now I need to translate it from the 15-minute chart down to the one-minute time frame to ensure I enter and exit positions with maximum precision. (I still need to look at gold, but that will have to wait until tomorrow.)
SATURDAY | JULY 20, 2024 It took a little doing, but I do presently believe that, as with silver, crude oil and natural gas, I have also gotten at essence of how my forecast models interpret the price action of gold. However, to pinpoint precise entry and exit levels, it is necessary to reference the additional graphics (which are not included in the image below) and not rely solely on the alert signals. I do also genuinely hope that this last little bit of clarification will enable me to begin directing my efforts completely off development and totally on trading AND finally finish the book I began working on more than two years ago.
When I posted the image in the previous post, I was a bit surprised that my indicator did not register more buy signals on the left-hand side of the chart. Then just now, as I was recording the code in my notebook, I found out why... One of the numbers I typed for the buy arrow was incorrect. Now that I've fixed it, the chart looks much more like what I would have expected...
TUESDAY | JULY 23, 2024 In looking at my gold charts this morning, it became clear that there was a better angle from which to come at coding an alert signal indicator. Unlike the one uploaded to Post #98, the arrows below do NOT require additional graphics to pinpoint precise entry levels. The pullback associated with each is pretty obvious to the naked eye.