The FLET formula - page 7
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Yeprst,
Confucius (c. 551 BC - 479 BC) was once asked, "What is the first thing you would do if you came to power?"
"The first thing I would do," said Confucius, "would return words to their original meaning.
Define the terms, what is a trend? If every next max is higher than the previous one and every next min is higher than the previous one - up, define the max/min rules. Otherwise everyone is talking about something different). Agree ashore before you start sailing.
the strategy has to be "cast". As flats give rise to trends and vice versa. Without one, there is no other. so most likely we will have to redo everything XD
we're not discussing the generation of trends or a semblance of trends here
I mentioned that the two algorithms work in opposition to each other
theoretically it's possible to combine at least with some tricks
The TS isn't a rework. It's not an index or anything like that.
any strategyis doomed to failure in the long run that's why all strategies fail to some extent
the market isn't linear that's the whole point
to avoid this you need to hold the market with both hands like a locus
not literally.)
we're not discussing trend generation or the like here.
I mentioned that the two algorithms work in opposition to each other
Theoretically it's possible to combine at least with some tricks
The TS isn't a rework. It's not an index or anything like that.
any strategyis doomed to failure in the long run that's why all strategies fail to some extent
the market isn't linear that's the whole point
to avoid this you need to hold the market with both hands like a locus
not literally.)
To combine means to merge the trend and the flat. It means that two rays go sideways and upwards. Moreover, the up trend is traded to buy and the flat trend is traded to... ? I hope it is clear how it is done?
(I can't do without the details... )
you can flat out go with the patties.
a potential trend signal appears
round out the flat and
after a confirmation we start to buy or sell at the beginning of the trend.
we wait for a reverse signal or a trend reversal or the start of the next flat
there's a level that sets the beginning
this is the steepest level of all and the most accurate
everything depends on this level
it is this level that divides the market into a flat and a trend)
It's up to you how you spend your time)
))))).
Okay. Good luck.
To combine means to merge the trend and the flat into one. That is, two rays go sideways and upwards, for example. Moreover, the up trend is traded to buy, but the flat trend is traded to... ? I hope it is clear how it is done?
Freudian.
(I can't do without the details... )
you can flat out go with the patties.
a potential trend signal appears
round out the flat and
after a confirmation we start to buy or sell at the beginning of the trend.
we wait for a reverse signal or a trend reversal or the start of the next flat
there's a level that sets the beginning
this is the steepest level of all and the most accurate
everything depends on this level
it is this level that divides the market into a flat and a trend)
let's say the trend is up
bought.... and got resistance level by its order
let's say a flat, of course a sideways trend, but not just a channel
we connect...
the up trend breaks through the upper limit of the channel (resistance level)
Sell?
yes, we sell
and we open a buy on the trend
I don't know how else to explain it.
but we have a plus probability of entry, equal to 1 and then the trend + flat
And it cannot be any other way, since guessing by coffee grounds no longer exists, including the point of prediction
;)
"Centrifugal force is a false force based on a misunderstanding of the complex relationship between the impact characterising the force and the object of application of that force. (E. Rogers).
In other words, there is no such thing as centrifugal force, only physical phenomena that can be explained by its presence.
Now let's return to a flat and a trend. The market is always a flat, but with a different period. A multi-year rise in real asset prices cannot be used for real trading, much less for speculation. It is not a trend, but something like inflation. The farther into the forest, the thicker the partisans.
If we think in terms of a trend, we have to define its horizon, otherwise it's no use.
And here we understand that there are two completely different situations which we call "flat".
The whole branch discussed the first one - the consolidation, after which the trend continues, or reverses. The dimension (cyclicality) of the trend does not change. A week up, a week down - simple and convenient.
But, if I use a weekly trend and it suddenly changes to a set of daily trends, it will be a flat, but very spread for me.
In the first case I can analyze the form of consolidation and draw conclusions about the probable subsequent direction of movement, in the second case - no.
I will tell you about my implementation of trend and flat determination.
Two bars (EMA8, EMA21). The trend (flat) is determined by three bars.
If the last 2 candlesticks closed above EMA21, the trend is bullish
If the last 2 candlesticks closed below EMA21, the trend is bearish
Check it on one timeframe, because the picture may be different on another timeframe
let's say the trend is up
bought.... and got a resistance level with his order
let's say a flat, of course a sideways trend, but not just a channel
we connect...
the up trend breaks through the upper limit of the channel ( resistance level )
Sell?
yes, we sell
and we open a buy on the trend
I don't know how else to explain it.
but we have a plus probability of entry, equal to 1 and then the trend + flat
And it cannot be any other way, since guessing by coffee grounds no longer exists, including the point of prediction
;)
That's the truth that accidentally flashed through your mind )
When you see resistance or support on the channel boundaries or any of these levels
and you think you're going to sell, right?
Of course you do. There's resistance and you sell.
you do what you do just like the rest of the multimillion herd
there's no other way)))
the market always creates imaginary barriers and leads along a false path concealing their goal
and traders see these levels and create millions of strategies based on them, which eventually become slaves of their own rules )
this means traders play their exchange inside the huge real exchange, where 99% of the noodles invented by traders themselves over the years are not there )
in fact, there are no levels, there is only a channel between two currency values and that's it.... ) )
In short, 99.9% of eyes can see it on the chart, it's utopia ;-)