IgazI wrote:We had some good news today from JP. . .
it appears that he is not going to send the economy into the depths of hell after all
mor.jpg
Thx JP for the nice Christmas presents
PowerX Strategy "PowerZ"
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aliassmith
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Re: PowerX Strategy "PowerZ"
Thx JP for the nice Christmas presents
Trade Your Way as Long as It Makes Money!
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Re: PowerX Strategy "PowerZ"
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BlackRock CEO Larry Fink said that "the next generation for markets, the next generation for securities, will be tokenization of securities."
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Speaking at a New York Times DealBook event, Fink argued that tokenization will provide “instantaneous settlement” and “reduced fees.” Despite these advantages, he added that the development of this type of technology wouldn’t disrupt BlackRock’s business model. . .
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"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: PowerX Strategy "PowerZ"
Prior to the day when some poor soul wrote a garbage ZL indicator it was just a simple idea. . .
$$$: There are obvious places where people take profit.
ZL: there are obvious places where people enter the market.
When people do not take profit the result is usually "zero profit", a ZL, or they exit at a prior take profit level.
It does not matter exactly where people are entering or exiting, they will all be clawed by the beast
it was just a simple idea. . .$$$: There are obvious places where people take profit.
ZL: there are obvious places where people enter the market.
When people do not take profit the result is usually "zero profit", a ZL, or they exit at a prior take profit level.
It does not matter exactly where people are entering or exiting, they will all be clawed by the beast
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"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: PowerX Strategy "PowerZ"
Tell me that you understand
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"Everything Should Be Made As Simple As Possible, But Not Simpler!"
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aliassmith
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Re: PowerX Strategy "PowerZ"
IgazI wrote:Tell me that you understand
nastro.jpg
All I see is Christmas light reindeer.
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Re: PowerX Strategy "PowerZ"
aliassmith wrote:IgazI wrote:Tell me that you understand
nastro.jpg
All I see is Christmas light reindeer.
Yeah. . .
it is not meant to be that compressed, maybe a maximum of 70 bars or so.
Anyway, this is a continuation of the previous post.
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: PowerX Strategy "PowerZ"
When I am looking at a chart, I am only trying to figure out what happened and how I can apply this information going forward. . .
The tools that I use are:
- what is up? what is down?
where is the market bending? about how long are the price legs between bends?
- what is in? what is out?
when is price in something vs out of something?
UP, DN, IN, OT: reading a chart is very difficult if you can't define these four things!
The next thing I look for is a strong move away from the previous close; I let the obvious shed light on the less obvious.
- the first arrow was a clean break out of something.
- the second arrow was a breakout of something but also a move into something (notice the collection of 3 dots to the left)
- the red arrows, price again makes "into something" moves and it becomes obvious that we are in a congestion pattern, with price collecting in the middle.
"How should I see it" and "how should I draw it" are dumb questions. . .
UP, DN, IN, OUT, what story is the chart telling you?
This is what it would look like on a Nison chart. . .
The tools that I use are:
- what is up? what is down?
where is the market bending? about how long are the price legs between bends?
- what is in? what is out?
when is price in something vs out of something?
UP, DN, IN, OT: reading a chart is very difficult if you can't define these four things!
The next thing I look for is a strong move away from the previous close; I let the obvious shed light on the less obvious.
- the first arrow was a clean break out of something.
- the second arrow was a breakout of something but also a move into something (notice the collection of 3 dots to the left)
- the red arrows, price again makes "into something" moves and it becomes obvious that we are in a congestion pattern, with price collecting in the middle.
"How should I see it" and "how should I draw it" are dumb questions. . .
UP, DN, IN, OUT, what story is the chart telling you?
- what_what_chicken_B.jpg (130.72 KiB) Viewed 1016 times
This is what it would look like on a Nison chart. . .
- mor_fam.jpg (129.31 KiB) Viewed 1016 times
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: PowerX Strategy "PowerZ"
The large time frame plot now waits for the actual close instead of plotting on the active candle in which the HTF will close;
now you can use the previous close as a LIS up until the very end.
I made the HTF line thicker, so I can see it better
The code is at the top of the first post.
now you can use the previous close as a LIS up until the very end.
I made the HTF line thicker, so I can see it better
The code is at the top of the first post.
- prev_C.jpg (110.91 KiB) Viewed 985 times
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: PowerX Strategy "PowerZ"
I hope that my explanations are clear. . .
I realize that what is obvious to me might not be obvious to someone else.
I try to make it as clear as possible
PS: what is up? what is down? what is in? what is out?
I realize that what is obvious to me might not be obvious to someone else.
I try to make it as clear as possible
PS: what is up? what is down? what is in? what is out?
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"Everything Should Be Made As Simple As Possible, But Not Simpler!"
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Goonslinger
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Re: PowerX Strategy "PowerZ"
IgazI wrote:I hope that my explanations are clear. . .
I realize that what is obvious to me might not be obvious to someone else.
I try to make it as clear as possible
PS: what is up? what is down? what is in? what is out?
amzing.jpg
Yes, I do think your explanations are clear. I can't speak for anyone else but the issues stem when trying to apply the knowledge on an active chart and without you or someone with more knowledge/skill to essentially hold your hand with marked up charts.
"So let it be written; so let it be done."
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