The Holy Grail: "All you gotta do is observe it for three years straight and I can guarantee you WILL figure out its every nook and cranny."
Got a PnL to prove it please @Hunter2020 ?
Got a PnL to prove it please @Hunter2020 ?
Presenting The HOLY GRAIL
- Thread starter Hunter2020
- Start date
Some proverbs that helped me get to the VICTORY LAP, which IMO is the GREATEST FEELING IN THE WORLD!!!!
1. Sometimes knowing what to do is MORE important than knowing how to do it.
2. Quantity (something amassed in large numbers) has a QUALITY all on its own.
3. What kind of problem do you want to have, too much money (or quantity X) OR not enough money?
BTW, I created this thread to date and time stamp the approximate day I am free in the light at the end of the tunnel!!
1. Sometimes knowing what to do is MORE important than knowing how to do it.
2. Quantity (something amassed in large numbers) has a QUALITY all on its own.
3. What kind of problem do you want to have, too much money (or quantity X) OR not enough money?
BTW, I created this thread to date and time stamp the approximate day I am free in the light at the end of the tunnel!!
Well, let's look at some different 3-year periods on the NAZ and see all the nooks and crannies...
Red box is 2016-2019
Green box is 2019-2022
Blue box is March 2020 to March 2023.
So you think those 3 years periods all have the same pattern, and you think they all have the same nooks and crannies? What white powder are you sprinkling on your English muffins?
"The Holy Grail is, of course, not the Holy Grail. Linda Bradford Raschke and Larry Connors
named it so for its simplicity." linked
https://www.tradingsetupsreview.com/the-holy-grail-trading-setup/
named it so for its simplicity." linked
https://www.tradingsetupsreview.com/the-holy-grail-trading-setup/
I click because I saw Holy Grail in the title. This may sound lame...
.....Know when to run away..... and come back later....
I will let you have a glimpse of the kind of thought process required to get to the VICTORY LAP (and also because I'm so generous). This is the only FREEBIE I will ever throw out...
Modern displays often come with crazy high resolutions. So, I thought there must b some kind of algo to scale up the charts. Otherwise the candlestick charts will look crazy small in an insanely high resolution!
So, lets begin with the basic 1-5 chart (1 pixel for the wick, 5 pixels for the candlestick body):
To scale up the chart, we simply follow the Fibonacci sequence: 0 1 1 2 3 5 8 13 21 34 55...
After 1-5, the next scale up is 2-8 (2 pixels for the wick, 8 pixels for the body) and after that is 3-13 (3 pixels for the wick, 13 pixels for the candlestick body) and after that is 5-21 (5 pixels for the wick, 21 pixels for the candlestick body)... ad infinum!
This makes sense right? Since you can perfectly center 2 in 8 and also 3 in 13 is perfectly symmetrically centered. All good right?.... STUPIDEST IDEA I EVER THOUGHT OF!! (My ultimate solution is way more complex and elegant than that...)
People who never even thought of things like this... You are SCREWED!!
People who DID thought of something like this... You ALSO are ROYALLY SCREWED!!
Reality is WAY more COMPLEX than that -- that's y it took me nearly 10 yrs to achieve the VICTORY DANCE!!
Modern displays often come with crazy high resolutions. So, I thought there must b some kind of algo to scale up the charts. Otherwise the candlestick charts will look crazy small in an insanely high resolution!
So, lets begin with the basic 1-5 chart (1 pixel for the wick, 5 pixels for the candlestick body):
To scale up the chart, we simply follow the Fibonacci sequence: 0 1 1 2 3 5 8 13 21 34 55...
After 1-5, the next scale up is 2-8 (2 pixels for the wick, 8 pixels for the body) and after that is 3-13 (3 pixels for the wick, 13 pixels for the candlestick body) and after that is 5-21 (5 pixels for the wick, 21 pixels for the candlestick body)... ad infinum!
This makes sense right? Since you can perfectly center 2 in 8 and also 3 in 13 is perfectly symmetrically centered. All good right?.... STUPIDEST IDEA I EVER THOUGHT OF!! (My ultimate solution is way more complex and elegant than that...)
People who never even thought of things like this... You are SCREWED!!
People who DID thought of something like this... You ALSO are ROYALLY SCREWED!!
Reality is WAY more COMPLEX than that -- that's y it took me nearly 10 yrs to achieve the VICTORY DANCE!!
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pixels in wick is... in 2-8 ratio the wick is 2 pixels wide and the candlestick body is 8 pixels wide!
And how is a picture of width of wicks and body candle related to direction?