Compare & Contrast with Christopher Lewis

[expiated]

Obviously, given the danger these assets pose, I will of course first test this proposition/scheme via my demo account.

Good grief! For some reason I was thinking Wall Street is always closed on The 4th of July (Independence Day). I didn't even go online until 8:30 AM PST, so...no testing of my crazy schemes today.

...the "money measure" in this context is the ONE-MINUTE baseline!

CORRECTION: It is the 1½-minute baseline.

 

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The only time I should put on a trade is when the one-minute envelope at 0.01% deviation is "riding" the (indigo) six-minute envelope at 0.04% deviation, forcing its upper band north or its lower band south, or when it is actually outpacing the measure. Moreover, I should NEVER still be in a trade when the one-minute channel is positioned on the contrarian side of the six-minute baseline! (Note: Make sure the upper or lower band of the indigo six-minute measure is outside the interior of the yellow ten-minute channel.)

Here is the corresponding indicator (below). It would essentially have you executing strategic scalping, usually remaining in positions only a few seconds or a few minutes at the most. So then, can you code a signal that would trigger trades at the tops and bottoms identified here instead?

 

[expiated]

So then, can you code a signal that would trigger trades at the tops and bottoms identified here instead?

Here you go, my friend...

 

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Here you go, my friend...

The indicator in Post #943 gave me another idea (below). Compare the two. Enter as price is coming out of the subsequent pullback...

 

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The indicator in Post #943 gave me another idea (below). Compare the two. (Enter as price is coming out of the subsequent pullback.)

Yet another (perhaps the best) way to go at it...

 

[expiated]

So...no testing of my crazy schemes today.

I was busy trading crude oil for most of this morning. But now, let me turn my attention to the USA indices... The numbers suggest to me that the S&P and the Nasdaq have finished climbing for the day, or at least for the next hour or two. I'll check back then to see if this turns out to be the case.

UDATE: The Nasdaq is looking good so far, but NOT so the S&P. Instead of turning south, it has merely gone neutral. From here, it can either remain neutral, turn north again OR turn south. This is not what I was expecting since I thought I saw the signs of its opting for a bearish sentiment.

Now the Nasdaq is waffling back and forth and the S&P is solidly bullish. That's what I get for making my move late in the day on Friday...not enough time left to compensate.

 

[expiated]

The numbers suggest to me that the S&P and the Nasdaq have finished climbing for the day, or at least for the next hour or two. I'll check back then to see if this turns out to be the case.

Since the above did not turn out to be the case, I coded indicators for a strategy that would have had me entering positions as price came out of pullbacks occurring subsequent to the alerts (green arrows) instead.

(The gray arrows indicate visual entries based on graphics not included in the image(s) below.)

I'll try this strategy out next week and see if it works better.

 

[expiated]

I was busy trading crude oil for most of this morning.

Today I was working toward finishing the chapter in my book on (day) trading that's focused on buying and selling crude oil. My goal was to list straight forward easy-to-follow guidelines for retail traders based on the protocol I used yesterday—instructions that would successfully overcome the challenges and hurdles created by this fuel's problematic price action.

To work out any kinks that might otherwise slip by me, I coded corresponding indicators until I arrived at an outcome I could regard as acceptable, which resulted in the following...

It's not perfect in that the gray arrows point out four trade opportunities that were obvious based on the graphics plotted on my chart (not pictured here), but that were not recognized by the parameters constituting the alert's source code.

Nonetheless, this indicator should call my attention to enough opportunities each day for me to milk a daily profit out of the fuel without my having to monitor the chart myself 24/7.

 

[expiated]

To work out any kinks that might otherwise slip by me, I coded corresponding indicators until I arrived at an outcome I could regard as acceptable, which resulted in the following...

Here is the indicator stemming from that task of writing straight forward easy-to-follow guidelines for retail traders based on the protocol used to trade natural gas...

 

[expiated]

To work out any kinks that might otherwise slip by me, I coded corresponding indicators until I arrived at an outcome I could regard as acceptable, which resulted in the following...

Here is the indicator stemming from the task of writing straight forward easy-to-follow guidelines for retail traders based on the protocol used to trade gold...