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Thats a compliment thanks , hes from your neighborhood I think , correct ? I like to emulate Jackson Pollock and just throw stuff at my canvas ! He was from my hood over here on Long Island .
Can you explain the "HH < trigger" filter? Which bar is the trigger? The red bars, or the previous green bar? And how is that HH < either one of those?
No , no filters , thats me thinking out loud while looking at the 4 hr . chart . The first thing I always do before my day starts and when it ends is scan over the 4 hr . and the daily charts to get a feel for the overall direction but thats no bearing on this method whatsoever .
That said , there is a bear flag on the 4 hr. that I would consider valid to short and hold on for a target of 2300ish and todays pullback could be the place to short . Maybe todays 1300 EST bar , a key reversal bar on 240 min. , would make a nice stop sell entry to short . Like I said this has nada to do with the factor of N method here .
Heres the problem I have with the patterns trades . On the 4 hr. the bear flag is convincing and here on the 15 min. the ABC is convincing . Im having more luck with the multiple timeframe - just follow along with the current bias - take a profit and move on approach ala factor of N .
Verdict - the ABC 15 min. long , gotta get my crystal ball up and running for this kinda stuff . I like how it hopped from the bottom to the top of the channel with the trend using the 00 level as a springboard on its way .
First to thank you for the idea here.
Secondly to show a combo of 5min and 80min (experimenting with time frames)
to see if I'm understanding the concept properly?
The 5min chart is the section covered by the rectangle (randomly selected )on the 80min.
Blue arrows = long entries as per your switch bar criteria.
Switch bars:
Aqua for long = down bar followed by up bar followed by break of up bar high.
Magenta for short = up bar followed by down bar followed by break of low of down bar.
Buy: on switch bar when LTF (5min) MACD < 0 and HTF (80min) MACD > 0.
Sell: on switch bar when LTF (5min) MACD > 0 and HTF (80min) MACD <0
. I like how it hopped from the bottom to the top of the channel with the trend using the 00 level as a springboard on its way .