Who trades on levels share their experiences - page 59
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The market is not 1+1, people trade there, with their own desires, so you understand, it is not an inanimate engine, so no one can write an owl that works, they will write it for some situation (for a private one), the market has a human soul. It cannot be transposed into an algorithm.
Just because you can't walk through walls doesn't mean it's impossible.
Describe the algorithm for identifying levels you made
describe the level identification algorithm you made
Alas, I don't share what I consider to be more or less the Grail. One can only see the signals I am broadcasting. The screenshot in the post was.
Think about your position, you have reached your level of education - at the expense of what your predecessors have shared with you, and you have locked up all that you have dug up for yourself. Not fair, but God provided for that too, an inanimate branch does not bear fruit and withers away
Think about your position, you have reached your level of education - at the expense of what your predecessors have shared with you, and you are keeping everything you have dug up to yourself. Not fair, but God provided for that, too, a branch that does not bear fruit and withers away.
An advisor on intuitively placed levels ? where to find such a wizard :-)
The system is not formalised to fully automatic.
I have automated levels. Tried touches, bounces, and all that. The thing is, when the price goes in the direction of trend, and overcomes levels, it passes them several times and then stops at some one, having touched the last one or not. It passes four at a time, but some days it doesn't even pass two. Rolls backwards through 2 or 3 levels with ease. Not obvious things in general. But levels slow down the price for sure.
A simple substitute for levels is round prices. The levels stand roughly in this area. Here are the lines on the chart in multiples of 250 pips in five digits:
What's not levels? And it's not hard to automate to check. And it works, but not head-on.
I automated the levels. I've tried touches, bounces, that sort of thing. The thing is, when the price goes in the direction of a trend, and passes several levels, it passes them and then stops at one, hitting or not hitting the last one. It passes four at a time, but some days it doesn't even pass two. Rolls backwards through 2 or 3 levels with ease. Not obvious things in general. But levels slow down the price for sure.
A simple substitute for levels is round prices. The levels stand roughly in this area. Here are the lines on the chart in multiples of 250 pips in five digits:
What's not levels? And this can be automated to check. And it works, but not head-on.
Yes, there is a lot to think about. If we look at the tick chart with the round grid (rounding 0.00050 - yellow lines, 0.00250 - red). Then you can see the following picture: the price stays near red lines on two yellow lines for a long time, now above and now below. If it has already moved to the third yellow line, it means that there is a high probability of going to the next red level.
I automated the levels. I've tried touches, bounces, that sort of thing. The thing is, when the price goes in the direction of a trend, and passes several levels, it passes them and then stops at one, hitting or not hitting the last one. It passes four at a time, but some days it doesn't even pass two. Rolls backwards through 2 or 3 levels with ease. Not obvious things in general. But levels slow down the price for sure.
A simple substitute for levels is round prices. The levels stand roughly in this area. Here on the chart the lines are multiples of 250 pips in five digits:
What's not levels? And it's not hard to automate to check. And it works, but not head-on.
What you have in the screenshot is not levels, but a chart layout with an N-step
P.S. Round prices are rarely a heavy levelYes, there is a lot to think about. If we look at the tick chart with the round grid (rounding 0.00050 - yellow lines, 0.00250 - red). Then we can see the following picture: the price stays near red lines for a long time on two yellow lines, then on the top and then on the bottom. If it has already moved to the third line, it means it is likely to move to the next red level.