Looking for patterns - page 239
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Let me make it clear - the fact of breakdown of correctional fractal level (this is the signal) is recorded in real time, without any delay at all.
The lag is only when the divergence and correctional fractals are formed. It will not have any effect on the price.
I show the hourly chart simply because it is easier to perceive when analyzing weekly trends.
You can switch to 15-minute charts by increasing the left wing of the reversal fractal by 4 times. The entry accuracy will increase, but there will be more false signals, most of which will be cut off by a kind of filtering by the current trend.
Not only a reversal signal is needed, but also a breakdown of the trend line - then the beginning of a deep correction, possibly a reversal.
The lag of the signal is 1 bar on the chart, but to determine the lag that confirms the breakdown, we need to determine what exactly we consider a breakdown.
Hourly at the leverage of a working week is logical. By the way, it is possible to count more frequently, on 15-minute charts with the leverage 480.
The fact of the breakdown by a single tick... is not funny. Either some time of being greater than the level or the number of ticks with the price greater than the level. Cutting off probabilities is not an easy thing to do))))
Gone for a walk with the dog. Afterwards, let's try to go back to defining the current trendline and its breakdown.
is the trend line just a pointer to the lower boundary of the uptrend if the trend is up or what else is in it?
How so? Who pays the difference? :)
Yes and the volumes to sell and to buy is a moot point, how is it more reliable than the price itself...
The difference is paid by those who want to make a profit
and if you look at it from the outside, the price watchers.
;)
The trend line is just a pointer to the lower boundary of an uptrend if the trend is up or what else is in it?
Apparently there is more to it.))) not all uptrends are trends))))
The fact of the breakdown by a single tick... not funny.
Sure, what's so funny. That's the way it always is. The fate is decided by a single tick. Whether in life or in the market.
Apparently there is something else.))) not all ascendants are trends))))
can you clarify it a little bit, it's not clear.
Of course, what's so funny. That's the way it always is. Destiny is decided by a single tick. Whether in life or in the market.
Lots of false ones. This is true for even levels or significant levels. But for current reversals it is not always true. There is always a probabilistic price cloud in most cases, and if the tick price has exceeded any level, there is very little probability that the price of the next tick will go further and not return beyond the level.
Of course, what's so funny. That's the way it always is. Destiny is decided by a single tick. Whether in life or in the market.
The funny thing is that almost no indicator catches the last tick.
If it does, then we face a dilemma - whether to trade against the trend or against it and how to distinguish between the two.