General question for anyone, what is the acronym MMLC stand for?
hmm…i thought there was only 2 patterns…up and down (!) lol just kidding (but im serious).
Major Move Life Cycle I presume 
I generally have thought the same thing, in that the only pattern is an Up followed by a Down or an Down followed by an Up.
Yep, highs and lows that expand and contract. Seems like theres more to it than meets the eye :33:
Im quite bewildered about the MTF aspect, since price begins from ticks (lot to research still).
After your model is in place, it seems like there is some statistical significance to the LEG we are in at any given point in the day, its associated timing, and as a secondary factor its length. This is something until about 2 weeks ago I never really had given any consideration.
Right now, I’ve just been visualizing such a consideration as in the attached picture. When sorted by that leg, I think this gives a general idea of where these limits lie, with regards to the two delimiters I mentioned above. Seems like you could even treat each event as a separate occurrence initially, and just look to exploit the times they both seem to be in concert with regards to a likely point of extension.
Hopefully this explanation makes sense?!?!?!
Hi Relativity,
thank you for your extremely helping post about using statistics to describe PA. It offers me a completely new way of thinking abour candlestick charts, just great !
There’s one thing I don’t understand:
(I’m sorry, I couldn’t include the images to this quote as I’m new to this forum and have less than the required 5 posts)
How do you know that #4 happens 60% of the time, #1 and #2 40%? I ask myself how I can get this by the data you provided there. We know that all M30 candlesticks had a range greater than 20 pips.
It could be, that they had 20 after a while and then the trend continued and they had 30, 40, 50, …
It could be, that the trend reversed and the candle went from bullish to bearish and had -30 pips at the end.
Is the conclusion of this that when a bullish candle is being created and it has a length of 20 pips, one should look to entry short? By the way, does the pip data contain only the body or wick + body?
Thank you for your help,
Kind regards feuerfuchs
hi rel,
what does this term 'lifecycle’means in MMLC.Is it refering to time delimiter or is it about trend change…2 fzr that is?
Thank you Relativity for your answer, it made the things clearer!
By the way:
Do you have an overview of books which you can recommend?
Somewhere in the thread I read something about “Long-Term Secrets to Short-Term Trading” by Larry R. Williams, “The Art of the Trade” by Jason Alan Jankovsky and about Ray Barros, but I’m not shure whether it was recommended by you or by other users in this thread.
Any other books that took your trading to the next level?
How profitable is your method of trading?
What is your expectancy?
winloss %?
interested to learn more about this system, though it sounds too complicated for my liking.
Lots of good content in this thread. So much to read. I’ll have to find time between my end of semester studies.
Hey relativity what part of the globe are you from?
Hi Mr Relativity,
I have read your 20pip rule. It is very Interesting. But I cannot get the statistic from my data. I don’t know what going on. Is that my data goes wrong or calculation goes wrong. Here is the statistic from my calculation.
to 5 1 0 0
5 to 10 0 1 0
10 to 15 2 0 0
15 to 20 4 1 2
20 to 25 7 2 0
25 to 30 5 1 2
30 to 35 10 1 3
35 to 40 12 2 2
40 to 45 22 3 4
45 to 50 16 6 0
50 to 55 27 4 9
55 to 60 18 6 8
60 to 65 21 6 8
65 to 70 21 6 4
70 to 75 28 5 4
75 to 80 31 6 12
80 to 85 13 10 6
85 to 90 25 6 6
90 to 95 34 7 6
95 to 100 23 7 8
100 to 105 25 7 8
105 to 110 33 5 9
110 to 115 28 8 7
115 to 120 30 6 7
120 to 125 21 8 7
125 to 130 14 6 7
130 to 135 16 11 7
135 to 140 18 8 8
140 to 145 13 10 3
145 to 150 13 7 9
Total 722 357 357
Your result is quite clean. The wick and the wick+body is concentrate at different region. But my result all concentrate at 75 to 80 region, which means there implies no trading strategy. Here is my calculation and some my data
Symbol Period PriceDate Open High Low Close
EURUSD OneDay 2010/7/21 1.2893 1.2913 1.2734 1.2769
EURUSD OneDay 2010/7/22 1.2769 1.2930 1.2739 1.2885
Date Wick WinnerWickAndBody LoserWickAndBody
2010/7/21 20,35 159 144
2010/7/22 30,45 161 146
Hope you can figure out what mistake I have. Is that you data for the statistic one is in EURUSD? If I could have your EURUSD daily data that your statistic produced by, I think I can know more how your 20 pips rule work.
You really do much of great work in trading. Now nearly have 2 hundred page discussing your trading method.
Hope I can have your reply. Thank you very much and have good day.
Below is the data that I do that statistic (I need more post to post link)
Symbol Period PriceDate Open High Low Close
EURUSD OneDay 2010/7/14 1.2716 1.2779 1.2684 1.2738
EURUSD OneDay 2010/7/15 1.2738 1.2947 1.271 1.2933
EURUSD OneDay 2010/7/16 1.2933 1.3008 1.2891 1.293
EURUSD OneDay 2010/7/19 1.29 1.2993 1.2873 1.2944
EURUSD OneDay 2010/7/20 1.2944 1.3028 1.2841 1.2893
EURUSD OneDay 2010/7/21 1.2893 1.2913 1.2734 1.2769
EURUSD OneDay 2010/7/22 1.2769 1.293 1.2739 1.2885
EURUSD OneDay 2010/7/23 1.2885 1.2965 1.2797 1.291
EURUSD OneDay 2010/7/26 1.2888 1.3007 1.2887 1.2996
EURUSD OneDay 2010/7/27 1.2996 1.3046 1.2956 1.3004
EURUSD OneDay 2010/7/28 1.3004 1.3043 1.2968 1.2987
EURUSD OneDay 2010/7/29 1.2987 1.3108 1.298 1.3079
EURUSD OneDay 2010/7/30 1.3079 1.3095 1.2982 1.3051
Oh … I figure it out what is my problem…thank you very much
Now I try to figure out second statistic. What is number means in the batch? I know there are from different periods. As it stated is that it is the number of barros swings calculated in that period?
Hi Relativity,
thanky you so much for posting this link! I think this saved me a lot of time, searching for the holy grail among thousands of indicators.
This weekend, I finished reading the 2 books and some posts from the forum.
I am not quite sure whether I got it 100%, but tomorrow morning, when the markets are open, I’ll try to do live trading, find waves and try to unterstand how the waves influence each other through different timeframes.
I’ve one question: As far as I got it, you work with the SB waves indicator. You posted the mq4 file for download here, but I don’t find anything at Google about this indicator. Did you code it on your own?
Is there any description? What the colors mean? What the settings mean?
In my MT4, this indicator only paints the waves at H1 TF. At D1, however, the indicator paints a graph in the seperate indicator window below the chart.
Thanks and kind regards,
feuerfuchs
Yes, of course I still deal with a demo account.
Yesterday evening, I modified the ZigZag indicator. On the top of my chart, I get the deviation of the vertical wave lengths in pips of the ZigZag indicator. This with the multiple timeframe analysis definitely helps in live trading, but I’ll have to look further. Probably I’ll have to write my own wave indicator from scratch.
Currently, I want to somehow classify the waves. Elliot just gives a hint, but doesn’t seem great for me.
Do you have a reference point about that in this thread? Somewhere I read something about one daily main wave.
By the way, I watched a few of your videos on YouTube, I wonder whether you just use M15 and higher TFs, I didn’t see M1 or M5 in your videos. As markets are fractal, I guess you use them, but for the video forecast they where too short-term?
wow great work rel,
This new pic cleared a lot of confusion i was having regarding your research.Now i know why you were so interested in correct reading/identification of price action.
May i ask,firstly, what data you have used to calculate the stats shown in that pic…i mean is it daily data or hourly data?secondly,how do you defined ‘U’ or ‘D’ …is it based on MMLC or is it based on just MM for a day.Thirdly if ‘s’ stands for sideways how do u define it in terms of major move.Is it just inside/outside wave price action against that of previous days/hours price action?
This might seem a bit abstract, but I think for anyone who has been following the thread and is working along similar lines, this pic will make sense. But got a big part of my script finally working!
Here, I’ve got what I’m calling “LevelOne” and “LevelTwo” working so far. Still all data, with no filtering of any kind. Still have to add other levels, then sort them. Actually LevelOne was working months ago, as that part is pretty straightforward. The others were a bit difficult for me. But the scripting logic for LevelTwo and Beyond should be about the same.
This wont be final format, as most of this stuff on the chart is there for debugging purposes.
Hi Relativity,
a long time, I didn’t deeply understand what you mean with your 20 pip rule.
I mean I understood the idea, but I weren’t able to discover the levels with 20 pip distance which price action creates.
I think this changed now, I’ve read this article. Look at the charts.
I think this is what you meant with your rule, isn’t it?