Trend-Setter Indicator

MOS is still using that :D:D Of course basic word i understand, And i think im use too much word that, this or something like that.

I was thinking about learning a language via Rosetta Stone or Pimsleur, but if I choose Spanish then I will probably side with Visual Link because I like their free course.

Usually my language learning attempts end in “this is stupid, everyone should just speak English” :17:

My kids are using Rosetta to learn spanish, we live in TX. :wink:

PLEASE DO NOT TAKE ANY OF THIS AS AN ATTACK OR FLAME. I’M ACTUALLY TRYING TO HELP

LOL. It does make perfect sense to me, thanks, :32: but it might make perfect sense to everyone else if you presented your ideas more in ‘standard’ trading language that they already understand?

Most literature does not refer to old swing highs and lows as extremes for example, it either refers to them as support and resistance, supply and demand, or swings: while also referring to current period highs and lows as the same thing ‘extremes’ (current weekly high/low etc) - leads to confusion as to what, when and which you refer. The other site from which you come also suffers the same problem with many who appear to be reasonable traders left scratching their heads in confusion, I browsed it in the past and left. There are some very useful indicators available there though. Why anyone would want to spend such a huge amount of time presenting the same information in ever more obscure ways instead of calling a spade a spade is beyond me, you’ve said yourself you’ve spent 4 years trying to get this across and you’re tired? Why be so obstinate then, present it in a way people understand, because as I see it what is being presented isn’t that difficult? Make life easier for yourself?

How you present the trades in hindsight positioned perfectly from the current high or low doesn’t help either imo. I think you are genuinely trying to help people but falling into the trap of all trading literature/forums which is to only present the perfect world, people then try it out for themselves and get a run of losing trades and then either start asking ‘difficult’ questions or are off onto the next holy grail - showing some that went wrong and how you mitigated when price closed past your line, I’m sure would help a lot of people as it’s the one area that never gets covered because, while it’s essential, everyone wants to ignore it. Likewise how, when and why you liquidate/take profit because with a method like yours, if you don’t and price comes back and hits your average, you’re out. You say yourself, entries and exits are not important and that the plan etc is but the plan only ever seems to show winning trades: it’s not the whole picture: presenting a fantasy world where no trade loses doesn’t lend credibility.

I hope that cut down chart from the other fellow shows what I mean: here is the chart and how easy it is he says. I say you’re showing us what you want us to see: ‘see all the money to be made trading up from the low’. Great I say, now let’s assume that point in time was at the open. Looks different now doesn’t it: at the open the open, high ‘extreme’ and low ‘extreme’ are all the same price. They don’t become extremes until price moves away. Now look at it: there’s a big body in profit going down. One may assume at that time it’s from the high ‘extreme’. It ‘lost’ - OK. Show us what you did next from that point.

However while my cable trade followed what you say i.e. the trade is in the direction of the body in profit and it is the second trade in a series of trades long. Initial position was lower. Now it is higher. BUT, you tell me I’m wrong and should be waiting for a short. Whereas current momentum is long: so why am I ‘wrong’? When you are in a trade you are always trading from one extreme into the other. If it’s the daily and you got in near the low and price didn’t move down much the high is right there maybe only the close of the current bar above you. Price is going up so why short?

I cut it late last night btw - not holding a trade over night going into Friday and the weekend that I knew was near a top that hadn’t moved far from entry and now liquidated 100% out of cable with ‘space’.

Anyway, ALL of that is by the by as the thread is about this new indicator - which again is being presented in a cryptic manner. It shows 2 bars in the same direction combined and…that’s it, body in direction of profit, wick in direction of loss, price closed over a line, trade from the extreme: incomplete sentences meaning not very much to the un-initiated. I appreciate that as a busy and successful trader you may not have the time but that then begs the question, why do it at all and why spend 4 YEARS?

PLEASE DO NOT TAKE ANY OF THIS AS AN ATTACK OR FLAME. I’M ACTUALLY TRYING TO HELP

I think just like you. Why do people around the world do not speak my language ? :frowning:

Nunrgguy,

I didn’t mean to say/imply that you were wrong (you were not)
I understand everything you are telling me in your post (and your frustration)

The reason why I point to a single extreme is that no matter where it is “pushed” it will always be the extreme of
the weekly(?).
The lowest low is the best price on a green candle & the highest high is the best price on a red candle.

IF you are ALREADY going short then WHY NOT position yourself at the extremes (via space/stop) so that MAYBE later
SHOULD you decide to HOLD and make it a long term trade you are ALREADY IN POSITION to make it happen.

I am not deciding direction based on which extreme I am at, I am trading in the direction of profit based on a much smaller chart (at first) and then increasing my TF as my desire to hold increases.

The extremes dictate whether or not I can afford a position (the extreme) based on the size of the chart that I am trading.

I will not trade a short term chart out of position, that is all there is to it.

I apologize for your confusion :48: and thank you for taking the time out of your day to make such a large post.

Just for giggles:

LARGER IMG

SwordOFManagement so what color candle should be last on low/high ?


Sword of Management,

Man, I really have to stop thinking that every thing you do, is beyond my comprehension. lol Im my own worst enemy. I have understood the concept of the ts indi…every two…and tried to make a “system” out of it. :o But now I realize its a tool to help see the direction (should have been obvious)because no where did you tell us to “turn off the candles”…or become blind and use the ts…and if programming were easier to master Im sure the ts indi could combine 3,4,5, like candles mixed with the 2 candles as it is. Its a concept…not a system. got it…
I see now… Thank you. Like I have said before, Im realizing, im slow, I just need to think! what your showing is nice, and not complicated…

just a ah ha moment for me…

Thanks SOM :35::35:

-dojirock

Coder jscar has been working hard on a Point&Figure style version of the Purifier indicator and I think it is awsome on those pesky minute charts…

LARGER IMG

I do not understand the question.

A chart is an illusion created through the lens by which data points are strung together.

OPEN/HIGH/LOW/CLOSE
Adding bodies to make Candle Charts
Line charts
Point&Figure
Renko
Heiken Ashi
Range Bars
Price Purifier
Trend Stacker

The underlying ticks remain the same but our perspective changes.

If price is the same on all time frames and ticks are there whether we ignore them or not then what exactly are we trading save what is constucted in our minds?

LARGER IMG

Hello nunrgguy,

can you post a higher resolution of your charts in this post and your post #133.

thank you.

  • guandi

These are the latest indicators (just FYI):

301 Moved Permanently

HI SOM

HUMOR QUESTIONS

Could you show me/ or Are you able to show me on my picture where I entred short before GOLD shoot Up like hell :slight_smile:
CHART

Or better?

Heh i cant compared your line to anything.

But this i was thinking


what you think about it?

When im looking on your picture i start thinking what is matter… Im so confiused! even your H1 candle look diffrent, you dont have this same h/l like i have. Its not mean i want your broker or platfor whit your GMT zone. Iam just thinking what is the matter ? Jezus…aaaaaaaa:31: frustration level today 101%

I can understand why you would take a short; it sure looked tempting.

First question I would ask is if price has been or is closing higher or lower than something.

In which direction is the direction of profit ie where has price been moving.

Next I would ask where I would position myself on the chart with a “cat. stop” & if I could afford
to rest a stop there with a reasonable number of lots.

But lets say that I wanted to go counter trend and take your short…

Normally I would look at 1685 as a position but since I’d be going counter trend I’d oversize that space/distance 30-50%.

Maybe my normal lot size for that position is 5 lots so I’ll consider 4 or 3 and maybe a partial stop for 1 lot at 1670 for 33-50% more space & look to liquidate the rest shortly thereafter with no sign of price compliance :31: