Double Screen Super Simple Supdem Momentum System


AusDoc

Well-Known Member
Here's a thought...

If...
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Equals
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26

Then...
K+N+O+W+L+E+D+G+E
11+14+15+23+12+5+7+5 = 96%

H+A+R+D+W+O+R+K
8+1+18+4+23+15+18+11 = 98%

Both are important, but fall just short of 100%

But...
A + T + T + I + D + U + D + E
1+20+20+9+20+21+4+5 = 100%

Author Unknown

So I'm thinking if anyone wants to blow a gasket, that's their problem. To each their own; live and let live.
 

jack

Administrator
Staff member
Thread resurrected from oblivion by popular demand and the author's permission.
 

Peterma

Well-Known Member
Many thanks to Piper and AusDoc.

The little indi, the Supply and Demand one updated by AusDoc and linked to by Piper is a powerful little tool all on it's own.

Sometimes with all the chart looking it becomes so easy to miss the important areas on a chart until after the fact, only then it becomes so obvious, this little indi seems to draw attention to the area before the fact.

Anyways, trying it out with Williams's willspread and some fundie analysis, will post back with how it evolves.
 

rod178

Well-Known Member
Peterma said:
Many thanks to Piper and AusDoc.

The little indi, the Supply and Demand one updated by AusDoc and linked to by Piper is a powerful little tool all on it's own.

Sometimes with all the chart looking it becomes so easy to miss the important areas on a chart until after the fact, only then it becomes so obvious, this little indi seems to draw attention to the area before the fact.

Anyways, trying it out with Williams's willspread and some fundie analysis, will post back with how it evolves.
SupDem is indeed useful, although it does repaint, hence performs better in hindsight than in real time
 

Peterma

Well-Known Member
Yeah, I've noticed the repaint, using d1, h4 and h1 to minimize that effect, useful for entry and targets and for drawing attention to price areas.
 

outthislife

Well-Known Member
Really appreciate this thread (and it coming back from the dead). Anyone have any more examples for boredom/weekend study? :)

Very easy to backtest this stuff, though.
 

Peterma

Well-Known Member
Out, the indie on s/r can add a sense of objectivity, and could be entitled "the quick way to see a level" e.g on current WTI, choose any t/f under weekly and it paints sell, at weekly it paints "reaching a support" level.

Then maybe from that a person could develop something of a system.

Strangely enough, forward testing only, "reaching support" has meant, for me, sell.

Some guy said sell low and buy high :)
 

rod178

Well-Known Member
Peterma said:
..... Strangely enough, forward testing only, "reaching support" has meant, for me, sell...
)
Possibly has much to do with the current downtrend, assuming Fiber, Cable Aussie etc.

On the micro scale the SD level is mostly the same as an OB level. The question I always ask myself is "will this be an entry/TP in the OB or will the entry/TP be a stop raid on the other side of the OB, ie broken Support or Resistance?" I am using tight stops, so a choice has to be made. I have yet to 'nail it' using higher TF analysis.

How do others reconcile this conundrum?
 

garry

the art of war
rod178 said:
Possibly has much to do with the current downtrend, assuming Fiber, Cable Aussie etc.

On the micro scale the SD level is mostly the same as an OB level. The question I always ask myself is "will this be an entry/TP in the OB or will the entry/TP be a stop raid on the other side of the OB, ie broken Support or Resistance?" I am using tight stops, so a choice has to be made. I have yet to 'nail it' using higher TF analysis.

How do others reconcile this conundrum?
The million pound question rod ,i look at it 50/50 and are prepared for both out comes ,but i will bring in my take on the sentiment/news/flow and take into account ,orders, strength and weakness of the cross ,whether its usd/gbp or gbp /aud pair by checking the indexes .
 

Peterma

Well-Known Member
Eur/Gbp is maybe a good current example of the indie being helpful in catching your eye.

The tight area on hr1 between 7211 and 7219 is painted and price is below that. So a simple trading rule would be that if whatever rule or indicator I'm using on hr1 says to buy then I cannot, I have to wait to see the reaction if price gets up there - that has to be my filter.

I'm just thinking about this whilst typing - this is exactly what Mr Livermore did when price would reach one of his "pivotal" points, these were the prices he had written in ink rather that pencil on his sheet.

(The word "reaction" prompted that thought, he used that word to refer to what we now call a reversal).
 

Peterma

Well-Known Member
Here is the EURGBP chart thus painted,

Below it the current S&P hr1, maybe you can see an entry point long, it has already tested the painted resistance so likewise I will monitor that area when price reaches up there a second time, this time I would expect a lesser reaction.

It has painted a little block at the entry level, the entry long was actually last week so that little block did not exist then, therefore a SL must be just below that little block, i.e. just short of b/e
 

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Peterma

Well-Known Member
Update:

EurGbp, price went right up through the painted area and then came back to revisit, that area then was wiped so I drew two horiz lines at the top and bottom on the area - the indie was a visual aid in determining an entry point AFTER price had broken through - a bit like Livermore waiting to see what would happen at one of his pivotal points I suppose.
 

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Peterma

Well-Known Member
And update on S&P

The little block has disappeared, I extended a horiz line at the bottom of it - the long entry is still visible, that line acted as support for the push up, so was again a reasonable visual aid in sensing an area of support.

I didn't bring up a SL, that still a work in progress.
 

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Chrisrocs

Well-Known Member
outthislife said:
bump

might code this indi for tos.
Yes!! Do it plz!!! :D

Have you seen/tried the other one that piper recently posted? http://fxgears.com/forum/index.php/topic,395.280.html

It seems a lot cleaner, I dunno how different it is, I've been using it on MT4 instead of the other one though. Piper seems to use it as well.
 

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