Indicators By Insanity Industries

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prochargedmopar
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Postby prochargedmopar » Sun Apr 25, 2010 5:53 am

Bredin, the lives indy does not seem to be updating the new balance on a daily basis when set to 0. Any thoughts on this?
thx
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Postby bredin » Sun Apr 25, 2010 7:44 am

prochargedmopar wrote:Bredin, the lives indy does not seem to be updating the new balance on a daily basis when set to 0. Any thoughts on this?
thx
looking into it

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aliassmith
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Postby aliassmith » Sun Apr 25, 2010 1:07 pm

bredin wrote:aliassmith, can you post a pic of what you mean, so I can see if you think it misses the same things that I think it misses? :)

G.


Yellow circle with little doji in it is not shown on M15 chart. It was shown on
M5.
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Postby prochargedmopar » Sun Apr 25, 2010 1:49 pm

aliassmith wrote:
bredin wrote:aliassmith, can you post a pic of what you mean, so I can see if you think it misses the same things that I think it misses? :)

G.


Yellow circle with little doji in it is not shown on M15 chart. It was shown on
M5.


Alias,

You know, the higher time frame has more power.
Look how price reacted(non-reaction) in the area's you have marked. They were totally ignored on the time frame you were looking at.
Now, watch how the m15 levels will be respected on the time frame you are looking at.
Price is moving up into where the bulk of the order flow had transacted (dealing range) marked by the sup/dem indy. The doji was but a small pause on this time frame, you may have had a small reaction on the lower m5 though you can't see it on m15.
Wait, and you will momentarily.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

aliassmith
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Postby aliassmith » Sun Apr 25, 2010 2:49 pm

prochargedmopar wrote:
aliassmith wrote:
bredin wrote:aliassmith, can you post a pic of what you mean, so I can see if you think it misses the same things that I think it misses? :)

G.


Yellow circle with little doji in it is not shown on M15 chart. It was shown on
M5.


Alias,

You know, the higher time frame has more power.
Look how price reacted(non-reaction) in the area's you have marked. They were totally ignored on the time frame you were looking at.
Now, watch how the m15 levels will be respected on the time frame you are looking at.
Price is moving up into where the bulk of the order flow had transacted (dealing range) marked by the sup/dem indy. The doji was but a small pause on this time frame, you may have had a small reaction on the lower m5 though you can't see it on m15.
Wait, and you will momentarily.


ok, so orders were stacked there?
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bredin
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Postby bredin » Sun Apr 25, 2010 7:11 pm

aliassmith wrote:
bredin wrote:aliassmith, can you post a pic of what you mean, so I can see if you think it misses the same things that I think it misses? :)

G.


Yellow circle with little doji in it is not shown on M15 chart. It was shown on
M5.


The first yellow circle should have shown one (and a big one, at that), except that since price has moved completely through it its gone (order stack has been totally depleted).

The second is drop-base-drop, which Sam described as being weaker (riskier). Im sure it was never there on M15, but if it was you can see price has passed right through it and if it was there, it would be deleted by the recent price action.
Pro has it right that it may be shown on a smaller tf chart.
When you do see what looks like a drop-base-drop (or r-b-r) zone it is often caused by a longish tail on one of the preceeding bars

I originally thought that you were referring to something more like the circled PA in this pic:
Image

G.
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Postby prochargedmopar » Sun Apr 25, 2010 7:35 pm

From what I see, yes.
At A there are many orders on the books until one finally runs dry. In this case it was the buyers.

There are many things that sam does not tell in his videos on fxstreet.
Check this pic out for instance from his most recent vid on futures markets.
Letters added by me.

A
is the most recent untested (consolidation/fractal/range/stillness/resistance) or what ever you want to call it for his short entry at C.
I like to use "dealing range" as it follows my choice to think in terms of supply/demand.

B
is not considered because if you have a dealing range and price breaks free, then the market decided who would win. It then battles again at A before the fall. B may come into play on a higher time frame at a later point in time. A would not be visible on bigger candles.

I think he has misjudged price action to set his first target at F.
Why?
Well look at D, then look left. That is the most recent area of held profit that will be zeroed out. Do you see that price made 2 attempts to get up through that level before finally breaking. Do you notice how price went to D and then almost all the way back to C at E? That's like 2-3 pips from original entry, why not take profits or hedge at D being we know that is a demand area and then add back in or cut hedge at E.

LOOK VERY CLOSELY AT F.

Do you see the price re-test on the 2nd green candle from that area?
What happened at H. A "swing" retest if you missed the price retest as an entry.

There was a dealing range to target at G with a clean break from that area BUT we never know if price is going to make it that deep, it could have just as easily bounced off D and continued on it's merry way leaving us with a break even trade or worse.

In the pic you posted, if you dial down to an m5 or even better, an m1, you will see that the yellow circles were "respected" by price and the dealers dealing in those time frames.

For the m15 or m30 crowd, those levels are not substantial enough to warrant a reaction.

JMO. See what you see!!!

Final note.....look at the picture or ANY chart ANY time frame as a whole.
NOTICE. price deals in a range and then boom, 1-2 candles and it moves to next level. Then, price deals in a range and boom, 1-2 candles ect. ect.
That's why I say that 70-80 % of time dealers are dealing........
More comfortable for them to do that than continually explore new price levels.

M.O. says that the market does not do anything for 20 min intervals usually. If you exit a trade and then want to enter within 20 min....YOU SHOULD HAVE NEVER EXITED IN THE FIRST PLACE.

Easy to say, harder to do.

Image
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Postby prochargedmopar » Sun Apr 25, 2010 7:45 pm

yes bredin, he says a drop base drop is nothing more than a "speed bump" on that particular time frame...on a smaller one you'd see some action though.

I personally think the indy paints some of the boxes to wide but its good for "new" eyes to see what they should be looking for.
I'm forcing my dad to use it so he knows which way to trade. LOL

EXCELLENT indicator in my book. Your a wiz kid.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby bredin » Sun Apr 25, 2010 9:03 pm

Pro,
I also think many of the boxes are too wide, but I have not yet thought of a good (read: easy to code) way to narrow them that does not also allow some that are too small.
Usually the big ones are caused by big wicks sticking a long way into no-mans-land.

The best way I thought of to narrow the zones was to look onto smaller tfs and use the same algorithm it currently uses, but then I run into a limitation of MT4- namely the number of bars on a chart- that means that the lower tf data is often not available. Theres probably a way of detecting this in practice, but its beyond my ability to code at this time.

G.
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Postby prochargedmopar » Sun Apr 25, 2010 10:59 pm

I'd leave it.
If the box is too big then people can either lower pip value for that trade and increase stop......or just wait for next level.
simple.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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