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Formula-1 Racing Setup

  • #61
  • May 21, 2024 1:57am May 21, 2024 1:57am
The triangles that the palkas combined with BB lines create, look very attractive to me.
This whole picture looks very bullish.

I am emphasizing this because I think it is important to remember some of these candle/palka/bb formations because they will possibly reassemble in similar fashion in the future. Some down/up/sideway formations, may dictate what you need to do and you have been there before. Then maybe 'ground hug day' wasn't just a movie.
Attached Image (click to enlarge)
Click to Enlarge Name: GU-Archival-4.jpg Size: 60 KB
  • #62
  • May 21, 2024 2:06am May 21, 2024 2:06am
Just a caveat here to mention:

When BB is green, that is exactly when you should be looking for signs of the red BB.

Makes sense?
  • #63
  • May 21, 2024 2:13am May 21, 2024 2:13am
I'm trying to picture what happens if the price goes up at a pretty good rate.

Since the pressure upward is applied to the nose of the Palkas, the nose goes up obviously but the tail is a historic price that is going to stay where it is.

So, I am anticipating all lines up in slope but the tail distances of the green and red palkas (their tail distances to white long palka) should get shorter and gap narrower and possibly they become all flush at some point.
It's all about physics now.
  • #64
  • May 21, 2024 2:19am May 21, 2024 2:19am
At this very moment anyone thinks we should short?

If so, what do you see that we are missing?
  • #65
  • May 21, 2024 2:28am May 21, 2024 2:28am
That triangle looks like a fkg loaded gun.

Just into looks here.
No idea what fundamentals say, up coming news is gonna say, what market session, what whatever ever wants to be...
Just at this freeze dried moment, it looks like it is spring loaded.

Very hard to want to short this.
You are either very smart or lucky to short.


PS, don't sue me if it fizzles...lol
RED is the next anticipated BB signal.
The distance between red and green dots is market generated.
If price wants to go up/down in a hurry or for expended periods of time, well BB marks the spots.
Getting direction wrong, in this instance would be the operator's error.
Attached Image (click to enlarge)
Click to Enlarge Name: Loaded gun.jpg Size: 56 KB
  • #66
  • May 21, 2024 2:47am May 21, 2024 2:47am
Suppose you went long at the last green/Lucas up signal.( Left bottom of this chart).

Once in profit, You have a few choices when it comes to exits.

#1- To tp at 10/20/30 or whatever target you want to set.
#2- wait for a DD red to appear.
#3- wait for a perfect BB red with a yellow Lucas arrow to call that exit plus reverse position to short.

So far, #1 and #2 have been a possibility. Cool to see when/if BB red and Lukas down appear to see how much gain would have been possible with option #3.

In addition, the green BB signal without a yellow Lucas up (Add point), I think would have been a good place to add to a winning long position.
Never mind the big arrow down. It's just marking the HH.
Attached Image (click to enlarge)
Click to Enlarge Name: decisions-2.jpg Size: 70 KB
  • #67
  • May 21, 2024 2:55am May 21, 2024 2:55am
Ever noticed how a Concorde's nose tips up and down over a fixed pivot point depending if it's going slow or faster?

Somebody figure out the beautiful Eagles' secret.

Must be part of some Universal Law of movement if it is so obviously applicable.
I know it can exist inside of fractals..if formulated.
Attached Image (click to enlarge)
Click to Enlarge Name: Concorde+G-BOAF+Filton+26+Nov+03-2960PRM.jpg Size: 788 KB
  • #68
  • May 21, 2024 3:26am May 21, 2024 3:26am
They say when a discussion starts on price going up or crashing, sooner or later someone mentions the name; 'Concorde'.




I just checked on gu thread. The sentiment is up overall.
  • #69
  • May 21, 2024 4:08am May 21, 2024 4:08am
In this setup, the BB bands put the other signals in a more understandable context.
Doesn't have to be on all the time tho
I've taken out some parts of mirror band indy in order to keep the chart from getting too crowded in this tpl but if you wanna display it all, by all means.
As you see, we are in an upward sideway channel right now.
Attached Image (click to enlarge)
Click to Enlarge Name: Mirror Bands.jpg Size: 78 KB
Attached File(s)
File Type: ex4 Mirror_Bands.ex4   12 KB | 353 downloads
File Type: mq4 Mirror_Bands.mq4   7 KB | 366 downloads
File Type: tpl Mirror Bands.tpl   28 KB | 391 downloads
  • #70
  • May 21, 2024 5:36am May 21, 2024 5:36am
What is the conclusion of Trader Pascal's wager?

So to lay out the argument behind Trader Pascal's wager explicitly:
(1) You shouldn't perform actions with lower expected utility over those with greater expected utility.
(2) The expected utility of wagering for Uptrend when BB is green is greater than the expected utility of wagering against that BB.
(3) Conclusion: you shouldn't wager against BB's signals.
  • #71
  • May 22, 2024 4:37am May 22, 2024 4:37am
Hello, appreciate for your work. When i trying to implement the files in mt4 i getting not the same results like yours. No bubbles, only arrows. You said its semi manual, would you help me to optimise my charts to get results like yours? Thanks in front
  • #72
  • May 22, 2024 5:38am May 22, 2024 5:38am
Quoting jacob779
Hello, appreciate for your work. When i trying to implement the files in mt4 i getting not the same results like yours. No bubbles, only arrows. You said its semi manual, would you help me to optimise my charts to get results like yours? Thanks in front
Did you download all the indys in this thread?
Post a chart, so I see how it is different.
  • #73
  • May 22, 2024 7:03am May 22, 2024 7:03am
Quoting OutThere
{quote} Did you download all the indys in this thread? Post a chart, so I see how it is different.
Attached Image (click to enlarge)
Click to Enlarge Name: MT4.png Size: 126 KB

Yes downloaded all indys, put everything in mt4 seperate folder like you can see in left side of the screen, and loaded every file on the chart. Result is like this.
  • #74
  • May 22, 2024 9:11pm May 22, 2024 9:11pm
Quoting jacob779
{quote} {image} Yes downloaded all indys, put everything in mt4 seperate folder like you can see in left side of the screen, and loaded every file on the chart. Result is like this.
That sure is a mess with all the indys at once.
Just using post #65 format now.
It uses:

1- ZZ big arrow (default)
2- Palka (3 instances) one tethered to ZZ start point. One tethered to BB red circle and one tethered to BB green circle
3- Lucas (Default) Just the arrows have been changed to yellow, so they stand out. The color for the green borders of this indy are set to none.
4- TopTrend. Under color tab all set to none except #2 is Green and #3 is red with width=3. That's your bubbles.
5- BB stops w vlines. Just line color change and band deviation set to 2. Bands deviation=2,
6- Trend angle. Under color tab, 1st color set to none.

I think that's pretty much all.
  • #75
  • May 23, 2024 3:31am May 23, 2024 3:31am
Quoting OutThere
{quote} That sure is a mess with all the indys at once. Just using post #65 format now. It uses: 1- ZZ big arrow (default) 2- Palka (3 instances) one tethered to ZZ start point. One tethered to BB red circle and one tethered to BB green circle 3- Lucas (Default) Just the arrows have been changed to yellow, so they stand out. The color for the green borders of this indy are set to none. 4- TopTrend. Under color tab all set to none except #2 is Green and #3 is red with width=3. That's your bubbles. 5- BB stops w vlines. Just line color change and...
I think i got the indicators right, but chart is now nowhere What template do you using? I loaded Lucas is driving.tpl
Attached Image (click to enlarge)
Click to Enlarge Name: mt4-1.png Size: 71 KB
  • #76
  • May 23, 2024 4:07am May 23, 2024 4:07am
Quoting jacob779
{quote} I think i got the indicators right, but chart is now nowhere What template do you using? I loaded Lucas is driving.tpl {image}
damn, looks like someone left the delineators behind on the road.

Click on the bar or candle sign to get them.
If you want to see line chart, you need to give it a color in the chart properties.

You need 2 more palkas ( one white, one red, one green)
Lucas indy is missing too.
You can also add your own fave indys.
  • #77
  • May 23, 2024 6:37am May 23, 2024 6:37am
Quoting OutThere
{quote} damn, looks like someone left the delineators behind on the road. Click on the bar or candle sign to get them. If you want to see line chart, you need to give it a color in the chart properties. You need 2 more palkas ( one white, one red, one green) Lucas indy is missing too. You can also add your own fave indys.
Now looks right?

I have hard time to put palka correct
Attached Image (click to enlarge)
Click to Enlarge Name: mt4-2.png Size: 83 KB
  • #78
  • May 23, 2024 10:05pm May 23, 2024 10:05pm
Quoting jacob779
{quote} Now looks right? I have hard time to put palka correct {image}
Works for me.
Palks 10, 25,100,150,200,250
Try putting those 5 with those distances on and see how it looks like
Attached Image (click to enlarge)
Click to Enlarge Name: Palka.jpg Size: 130 KB
  • #79
  • Sep 13, 2024 3:31pm Sep 13, 2024 3:31pm
Hello,
Can you tell us what are thé palka Line ?

How thé rules to draw it manually
  • #80
  • Sep 14, 2024 12:32am Sep 14, 2024 12:32am
Quoting Fractales
Hello, Can you tell us what are thé palka Line ? How thé rules to draw it manually
You can use translator for this ruzzian description
https://mtrader7.com/ru/iframe/docum...dicators/palka
Just an opinion. Based on research
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