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Mr. Ocean's SLA Journey To Competence
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Mr. Ocean's SLA Journey To Competence

  #71 (permalink)
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That post is mainly about locating trading opportunities in real time and making sure when backtesting that the opportunity was actually there. The charts I'm seeking feedback on are valid 'opportunities' off the present Weekly channel and are based off the charts you posted on page 2. Therefore, I am not sure how that post is supposed to help me.

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  #72 (permalink)
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@DbPhoenix

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  #73 (permalink)
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DannyOcean View Post
That post is mainly about locating trading opportunities in real time and making sure when backtesting that the opportunity was actually there. The charts I'm seeking feedback on are valid 'opportunities' off the present Weekly channel and are based off the charts you posted on page 2. Therefore, I am not sure how that post is supposed to help me.

You posted a correctly-drawn weekly channel last Tuesday. I assume it is the one you've been working with as the hourly charts appear to be at the upper extent of it. However, you don't provide a daily chart, so there's no context. Therefore, there's no rational for the hourly annotations. All of which is addressed in the series of posts in my thread that I mentioned earlier.

Weekly > Daily > Hourly.

You may be interested in a couple of posts I made to this thread yesterday.

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  #74 (permalink)
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That was indeed interesting, but leaves me with a question.

There you are using a Daily channel to trade the extremes with the Hourly, as opposed to the Weekly channel. Why?

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DannyOcean View Post
That was indeed interesting, but leaves me with a question.

There you are using a Daily channel to trade the extremes, as opposed to the Weekly channel. Why?

The "why" is addressed in the series of posts I made to my thread and in the SLA pdf.

Weekly > Daily > Hourly.

Rather than fight me on it, why not just post the charts? Then I can give you "feedback". I can't give you feedback on tasks you're not completing.

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  #76 (permalink)
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Not trying to be difficult, sorry.

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  #77 (permalink)
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Given the hourly charts you posted, I assume that this is the area you're interested in?

(It would be helpful to draw the weekly channel lines)

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  #78 (permalink)
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Yes, that is the area. @DbPhoenix

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DannyOcean View Post
Yes, that is the area. @DbPhoenix

If that's the case, then this is what you'd be seeing in real time.

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According to the rules, what do you do?

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Track the imbalances between Supply and demand with straight lines. When price takes off in one direction or the other, wait for the retracement.

So if executing with the hourly, track that with straight lines. Since we're looking for a short to ride out the mean reversion, longs aren't a wise choice.

Good so far?
@DbPhoenix

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