Another tip -- maybe it's best to attach the indi twice to a chart -- one using 64x128 and the other 16x128, each using a 'Tolerance' of 1.

Trading Focal Points -- "A Leap Of Faith"...

@parisboy -- don't READ and TRADE at the same time!!!

Trading Focal Points -- "A Leap Of Faith"...

EURCHF / H1 -- looks like a SELL to me. Let's see how it plays out... image

Trading Focal Points -- "A Leap Of Faith"...

This post includes an updated version of the R4M-FocalPoints-OnCharts indicator. Using the default settings it does a good job of detecting Focal Points -- though I won't claim it is perfect. As I've touched on above, not all Focal Points are ...

Trading Focal Points -- "A Leap Of Faith"...

Your chart includes High 2 -- but there is no way you could know that. The High / Low must be bounded on their left and right by FPs. There is no FP to the right of High 2.

Trading Focal Points -- "A Leap Of Faith"...

How would you trade those Focal Points. The second Focal Point is rather flat and the guesstimated TargetPrice won't differ much from the current price. Would you even attempt to trade it or move on? And according to the Focal Point algorithm it ...

Trading Focal Points -- "A Leap Of Faith"...

Come on -- "crushed" is a relative term. @parisboy is a humble man and he was just reminding less experienced traders that even an experienced trader has losses. And please don't bring up StopLosses -- a totally unrelated topic. And from your ...

Trading PlanetX & Oscillators

Okay... Another simplifying assumption I'd like to propose: You should only trade in the same direction as the SMA(128). What do you think?

Trading Focal Points -- "A Leap Of Faith"...

Here is what the indi looks like when a Focal Point is defined as a crossing of SMA(32) and SMA(128). It looks almost perfect to my eye. Plus, the tolerance issue goes away. image

Trading Focal Points -- "A Leap Of Faith"...

@parisboy -- what do you think about defining a Focal Point as a crossing of SMA(128) and SMA(32). Visually it looks good and it greatly simplifies this tolerance issue -- in fact, it may go away. We've already agreed that SMA(128) is king. Plus, ...

Trading Focal Points -- "A Leap Of Faith"...

Okay -- and where are the Focal Points? Are they buried in there someplace? What's the connection between Cycles and Focal Points?

Trading Focal Points -- "A Leap Of Faith"...

Yes -- "tolerance" is a better word. The current indi does check for SMA bar crossings. However, I've noticed that crossings don't necessarily fall within the High/Low or Open/Close of a bar. Sometimes they occur above a bar or below a bar. So, I'm ...

Trading Focal Points -- "A Leap Of Faith"...

Hello @parisboy, honorable sir, I have a question: Could you summarize quickly just for me the Cycle Analysis and the use of Focal Points for Trading profitably because I have not too much time to invest for studying that. And have you an EA which ...

Trading Focal Points -- "A Leap Of Faith"...

I was thinking some more about your question and the way I answered. I need to think about this some more. Focal Points are new to me -- I have about a 24-hour head start on you. But I know and trust @parisboy, and my earlier discussion with him ...

Trading Focal Points -- "A Leap Of Faith"...

I know what you mean -- and we can address that shortly. For sure some Focal Points are prettier than others -- though I'm not sure of the value of categorizing them by strength. There is a lot of discretion here. They are new to me, as well. But ...

Trading Focal Points -- "A Leap Of Faith"...

You're not getting it. Don't try to shoe-horn the Focal Points algorithm into your existing shoes. Set aside market structure, over sold / bought, support / resistance, supply demand, whatever. Set aside your biases and re-read my initial posts ...

Trading Focal Points -- "A Leap Of Faith"...

Keep in mind this is a continuation of the Focal Points discussion that @parisboy and I began in the PlanetX thread. Wasn't that apparent from what I wrote in post #1? The definition of a Focal Point is not discretionary -- it is well-defined. The ...

Trading Focal Points -- "A Leap Of Faith"...

Continuing with the pendulum analogy... Does anyone else see how well DssBressert -- the "pendulum" indicator -- aligns with Focal Points? image file

Trading Focal Points -- "A Leap Of Faith"...

Thank you very much -- I need a bit more time to digest all this. One question though: You begin by referring to "multiples of 2". I understand that powers-of-2 are also multiples of two, but there is also is a big difference, right? Back in the day ...

Trading Focal Points -- "A Leap Of Faith"...

Philisophical note: I suspect at some level everything boils down to waves / cycles / frequencies / pendulum behavior. Consider this: * sub-atomic particles are associated with particular frequencies * light travel can be described in terms of a ...

Trading Focal Points -- "A Leap Of Faith"...