PA, S/R, ZL, EXTREMES & MOMO

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PebbleTrader
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Postby PebbleTrader » Mon Sep 19, 2011 4:20 pm

I shouldn't need to say it but SIMPLICITY STILL APPLIES!

SIMPLICITY of your design is the essence.

The data may be soooo COMPLEX, but the way you present it to your eyes should be soooo SIMPLE.
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Postby PebbleTrader » Mon Sep 19, 2011 6:08 pm

Here is how I would do psycho levels or if you just wanted a major:

Image

It might seem like it's being very picky, but I take it very seriously.

Non-data "ink" such as a major or psycho level should be MORE SUBTLE in intensity. You don't want to draw attention to it with your eyes.

I also decreased the intensity a little bit for the actual price levels (1.3950, 1.3940, 1.3930, etc.) Again, you want your eyes to SEE THE DATA, NOT THE PRICE SCALE!
Last edited by PebbleTrader on Mon Sep 19, 2011 6:33 pm, edited 1 time in total.
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Postby PebbleTrader » Mon Sep 19, 2011 6:15 pm

By using intensity, you are actually encoding extra information, that is still data.
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Postby PebbleTrader » Mon Sep 19, 2011 6:31 pm

Color should not be used irregularly. Color choices should be made
thoughtfully, with an understanding of our perception of color and the
importance of color differences. Some colors are hot and demand our
attention, while others are cooler and less visible. When any color appears
as a contrast relative to the norm, our eyes pay attention and our brains
attempt to assign meaning to that contrast. When colors in two different
sections of the sheet are the same, we are tempted to relate them to
one another.

Remember, our brains always try to assign meaning regardless of whether
you are aware of it or not.
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Postby PebbleTrader » Mon Sep 19, 2011 6:36 pm

Next add in 50% breaches with the click of a mouse,

1 more click of the mouse and it would turn them off.

Now we are getting somewhere...

:)
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Postby PebbleTrader » Mon Sep 19, 2011 10:02 pm

I forgot to mention this earlier, but I wouldn't use a "smiley face" and "frownie face" to represent the data. Your mind might give different meanings to the smiley vs frownie face, etc. (even if you don't realize it)

I'd go with a symbol that is more emotion neutral.
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Postby Jalarupa » Tue Sep 20, 2011 3:55 am

Image

Okay so I traded this short on the EU last night...
At the time it seemed like a awesome correlation of many things that suggested
"Here is a good place to drop some...!"

These included "Return to Friday Daily Candle Open" (Zero Line)
M30 108 LWMA
3 Semafor
Enter on Daily + Extreme
Dragon H1 Lines

So many things were saying "PULL THE TRIGGER FFS!"

So I did, but what made it even sweeter...
Was the fact that (by my calc) there was a 5+ point turnaround...

However its only after this going to bed and waking this morning to regroup the PnF.
That I discovered that in fact the turnaround spiked into 1.3720 territory and not the 1.3710,
as I has been lead by my eyes to believe... Luckily for me the mere fact that all these things lined up...
(and at the time I was certain that the 5+ TAP (Turn Around Point for lack of better acronym) alignment and I pulled the trigger right there...

My question is... in the rules of engagement with drawing PnF...?
Is my attached chart wrong because I missed this little spike into 1.3720 territory?

Lets start discussing this 'breach' phenomenon in greater detail -
What constitutes a 'breach' so that I can quantify this...

Thanks to PT for the visual aides it makes this whole process a lot more noticeable in my minds eye... :)

The updated Data plus TP's viz aid is in the link below...

http://www.mediafire.com/?wv3vhtrdqarb4km

20 traders downloaded the first hideous iteration, and with experienced guidance.

This version already looks and feels better...

Sharing is Caring... ;-)

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Postby Jalarupa » Tue Sep 20, 2011 4:16 am

Image

One more question... :oops:
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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Postby FXfreak » Tue Sep 20, 2011 7:34 am

hi guys,

this thread is about PA, S/R, ZL, EXTREMES & MOMO. it woud be great to see some of the "old guys" posting again!

i want to show some of my trades from london and ny.

Image

this one should be good for 40 pips! it was m5-breakout back into h1 momo!

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Postby PebbleTrader » Tue Sep 20, 2011 8:28 am

Nice trade FXfreak.

"this thread is about PA, S/R, ZL, EXTREMES & MOMO"

Sorry to intrude in the thread as it was not my intent.

I am usually a social misfit at other places, I was hoping I had finally found like minded folk to collaborate with.

Jalarupa,

We'll continue collaborating our ideas elsewhere or offline.

I was a little hesitant to even share this, but then I figured the masses wouldn't be able to see the potential nor would they be able to create the links to everything else.
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