ADA Casual Conversation on Current Price Movement
Hi Everyone! Simply having a casual conversation about Cardano in regard to accumulation, distribution, events in accumulation, events in Distribution (Phase D and Phase E in particular), etc... We have no confirmation at this time we are actually in Accumulation or have been in accumulation just yet. Still a lot of work yet to do in the 2-Week and especially the 3-Week and 4-Week time frames.
Our Yellow K-Line in the 2-Day time frame is the highest time frame in which the K-Line is higher than level 90. Which is why we would consider waiting for certain conditions to be met in the 12-hour, 6-hour and 3-hour for a swing trade to the downside. Sorry, I'm not writing out all the conditions required to see in the indicators in the 12-hour, 6-hour and 3-hour simultaneously before we would consider opening a short position. What if the K-Line in the 4-Day goes higher than level 90 before the conditions to open a short condition can be met in the 12-hour, 6-hour and 3-hour? We would no longer use the 12-hour, 6-hour and 3-hour to open a short swing trade. We would instead use the 24-hour, 12-hour and 6-hour time frame to determine when to consider opening a short swing position.
Hope this was helpful...
Happy Trading and Stay Awesome!
David
Our Yellow K-Line in the 2-Day time frame is the highest time frame in which the K-Line is higher than level 90. Which is why we would consider waiting for certain conditions to be met in the 12-hour, 6-hour and 3-hour for a swing trade to the downside. Sorry, I'm not writing out all the conditions required to see in the indicators in the 12-hour, 6-hour and 3-hour simultaneously before we would consider opening a short position. What if the K-Line in the 4-Day goes higher than level 90 before the conditions to open a short condition can be met in the 12-hour, 6-hour and 3-hour? We would no longer use the 12-hour, 6-hour and 3-hour to open a short swing trade. We would instead use the 24-hour, 12-hour and 6-hour time frame to determine when to consider opening a short swing position.
Hope this was helpful...
Happy Trading and Stay Awesome!
David
Comment:
UPDATE:
The following chart has the following time frames:
5-hour (300-minutes) < Far Left >
270-minute < Left of Center >
67-minute with 9, 6 and 3 inputs on Phoenix Ascending < Right of Center >
67-minute with 9, 6 and 2 inputs on Phoenix Ascending < Far Right >
WHY 67-Minute is the CURRENT time frame being used to close a long position if conditions are met?
The 270-minute is the highest time frame AT PRESENT in which the Yellow K-Line is GREATER than level 80. Which means we cut 270-minutes in half to 135-minutes. We then cut 135-minutes approximately in half to 67-minutes. Then we use closing conditions in the 67-minute to CLOSE this long position if those conditions are met.
WHY is the 5-hour (300-minute) time frame posted to the far left?
The 5-hour (300-minute) time frame is the NEXT time frame in my LIST OF TIME FRAMES with the K-Line "closest" to crossing above Level 80. We have a little less than an hour from the NEXT 5-hour (300-Minute) candle. If it crosses above Level 80 the next 5-hour candle, we would cut 300-minutes in half to 150-minutes. Then we cut 150-minutes in half to 75-minutes. Which would mean we would use closing conditions to close this long position using the 75-minute time frame.
The following chart has the following time frames:
5-hour (300-minutes) < Far Left >
270-minute < Left of Center >
67-minute with 9, 6 and 3 inputs on Phoenix Ascending < Right of Center >
67-minute with 9, 6 and 2 inputs on Phoenix Ascending < Far Right >
WHY 67-Minute is the CURRENT time frame being used to close a long position if conditions are met?
The 270-minute is the highest time frame AT PRESENT in which the Yellow K-Line is GREATER than level 80. Which means we cut 270-minutes in half to 135-minutes. We then cut 135-minutes approximately in half to 67-minutes. Then we use closing conditions in the 67-minute to CLOSE this long position if those conditions are met.
WHY is the 5-hour (300-minute) time frame posted to the far left?
The 5-hour (300-minute) time frame is the NEXT time frame in my LIST OF TIME FRAMES with the K-Line "closest" to crossing above Level 80. We have a little less than an hour from the NEXT 5-hour (300-Minute) candle. If it crosses above Level 80 the next 5-hour candle, we would cut 300-minutes in half to 150-minutes. Then we cut 150-minutes in half to 75-minutes. Which would mean we would use closing conditions to close this long position using the 75-minute time frame.
Comment:
UPDATE:
The purpose of changing the inputs in Phoenix Ascending FROM 9, 6 and 3 TO 9, 6 and 2 in one of the charts is for one reason:
I wanted to make the Green Line a bit more SENSITIVE to see if it's possible it may work better with my opening and closing "conditions."
I'm still leaning toward my original DEFAULT inputs of 9, 6 and 3 but we will see...
I'm getting very close to completing engineering/design phase of my new indicators and approaching the actual writing of the new pine script for the indicators. There will be two scripts. One for opening and closing long positions and one for opening and closing short positions.
The long script will be an estimated 2,250 to 3,250 lines and the short script will be an estimated 2,250 to 3,250 lines of pine script.
The purpose of changing the inputs in Phoenix Ascending FROM 9, 6 and 3 TO 9, 6 and 2 in one of the charts is for one reason:
I wanted to make the Green Line a bit more SENSITIVE to see if it's possible it may work better with my opening and closing "conditions."
I'm still leaning toward my original DEFAULT inputs of 9, 6 and 3 but we will see...
I'm getting very close to completing engineering/design phase of my new indicators and approaching the actual writing of the new pine script for the indicators. There will be two scripts. One for opening and closing long positions and one for opening and closing short positions.
The long script will be an estimated 2,250 to 3,250 lines and the short script will be an estimated 2,250 to 3,250 lines of pine script.
Comment:
UPDATE:
A "LOT" of valuable TIME and effort has been invested into this NEW "system" to determine WHEN we have better odds of a successful entry for LONG and SHORT positions. As well as having better odds of positive gains by having a better idea of WHEN to "close" a trade.
This new system was also designed to help keep losses small while being aggressive enough < but not too aggressive > to know WHEN we have best odds of putting ourselves in a position to have large gains.
IT IS FOLLY to "assume" you can be successful with a script using FIXED set of time frames for opening and closing trades. This is why it is imperative to create scripts that are DYNAMIC scripts. Meaning, the script can determine what set of time frames would be the best set of time frames to OPEN a position based on current market conditions.
Market conditions are ALWAYS CHANGING. So, I devised a means of determining WHEN market conditions are approaching an acceptable point in which to execute a trade with less risk involved. Yes, there will be times in which there is a loss. HOWEVER, the script new "system" is also designed in a way to more efficiently keep losses small on average by a more efficient means of determining WHEN to CLOSE a position. Does this mean you do not need a stop loss? NO.... One should still have a stop loss engaged as "insurance."
A "LOT" of valuable TIME and effort has been invested into this NEW "system" to determine WHEN we have better odds of a successful entry for LONG and SHORT positions. As well as having better odds of positive gains by having a better idea of WHEN to "close" a trade.
This new system was also designed to help keep losses small while being aggressive enough < but not too aggressive > to know WHEN we have best odds of putting ourselves in a position to have large gains.
IT IS FOLLY to "assume" you can be successful with a script using FIXED set of time frames for opening and closing trades. This is why it is imperative to create scripts that are DYNAMIC scripts. Meaning, the script can determine what set of time frames would be the best set of time frames to OPEN a position based on current market conditions.
Market conditions are ALWAYS CHANGING. So, I devised a means of determining WHEN market conditions are approaching an acceptable point in which to execute a trade with less risk involved. Yes, there will be times in which there is a loss. HOWEVER, the script new "system" is also designed in a way to more efficiently keep losses small on average by a more efficient means of determining WHEN to CLOSE a position. Does this mean you do not need a stop loss? NO.... One should still have a stop loss engaged as "insurance."
Comment:
UPDATE:
I have solved the IMPORTANT part of having a better idea of WHEN to "open" a position and WHENB to "close" a position; based on VARYING market conditions. This means I designed this new system to be DYNAMIC.
The NEXT GOAL is to also make the Bad Ass B-Band Threshold DYNAMIC.
What is the purpose of having a B-Band Threshold?
I have a B-Band Threshold implemented to prevent over-trading. Meaning, we want to avoid opening positions during periods of LOW VOLATILITY. We use the PERCENTAGE SPREAD between the WHITE UPPER and the WHITE LOWER B-Bands to determine the B-Band Threshold. If that "threshold" is not BROKEN, a signal to open a position will NOT be provided. PERIOD.
At present, my B-Band Threshold is FIXED to a specific time frame in my new system. Which is soon to be written into scripts.
The next iteration of the script will include a DYNAMIC means of determining the proper b-band threshold instead of having a FIXED B-Band Threshold that must be TUNED to the pair you are using the script with.
EXAMPLE: A B-Band Threshold for BTCUSD may be setup to a FIXED threshold of 0.9% in the 30-minute time frame. However, the B-Band Threshold for ADAUSD requires the 1.2% spread to be BROKEN in order for a signal to be provided. ADAUSD moves a bit more PERCENTAGE WISE than BTCUSD moves. This is why the "threshold" would be different from one pair to the next.
HOWEVER, it is FOLLY to assume a FIXED threshold requirement on a single FIXED time frame is sufficient to determine if enough volatility is present to consider opening a position. This is why a system must also be devised to make the B-Band Threshold DYNAMIC in similar fashion to the way I have made OPENING and CLOSING positions DYNAMIC (variable instead of fixed).
I have solved the IMPORTANT part of having a better idea of WHEN to "open" a position and WHENB to "close" a position; based on VARYING market conditions. This means I designed this new system to be DYNAMIC.
The NEXT GOAL is to also make the Bad Ass B-Band Threshold DYNAMIC.
What is the purpose of having a B-Band Threshold?
I have a B-Band Threshold implemented to prevent over-trading. Meaning, we want to avoid opening positions during periods of LOW VOLATILITY. We use the PERCENTAGE SPREAD between the WHITE UPPER and the WHITE LOWER B-Bands to determine the B-Band Threshold. If that "threshold" is not BROKEN, a signal to open a position will NOT be provided. PERIOD.
At present, my B-Band Threshold is FIXED to a specific time frame in my new system. Which is soon to be written into scripts.
The next iteration of the script will include a DYNAMIC means of determining the proper b-band threshold instead of having a FIXED B-Band Threshold that must be TUNED to the pair you are using the script with.
EXAMPLE: A B-Band Threshold for BTCUSD may be setup to a FIXED threshold of 0.9% in the 30-minute time frame. However, the B-Band Threshold for ADAUSD requires the 1.2% spread to be BROKEN in order for a signal to be provided. ADAUSD moves a bit more PERCENTAGE WISE than BTCUSD moves. This is why the "threshold" would be different from one pair to the next.
HOWEVER, it is FOLLY to assume a FIXED threshold requirement on a single FIXED time frame is sufficient to determine if enough volatility is present to consider opening a position. This is why a system must also be devised to make the B-Band Threshold DYNAMIC in similar fashion to the way I have made OPENING and CLOSING positions DYNAMIC (variable instead of fixed).
Comment:
UPDATE:
We get a new 5-hour (300-minute) candle in approximately 9 minutes for ADA:
Looks like the Yellow K-Line in the 5-hour (300-minute) will likely go above level 80 the NEXT 5-hour candle. Which means we use the 5 other time frames in that chart to open a SHORT position "IF" conditions are met to open a short position across all 5 time frames from the 150-minute down to the 10-minute.
What are those 5 time frames?
150-minute; 75-minute; 37-minute; 20-minute and 10-minute.
What are the conditions for opening a short position in those 5 time frames?
G-Line (Green Line) FALLING and less than 80 while falling.
R-Line (Red Line) Less than level 90 < No requirement to be falling; simply less than level 90.
Ari with 0.5 Gamma FALLING and less than 80 while falling.
Here is the 5-hour (300-minute), 150-min. 75-min. 37-min. 20-min. and 10-min. time frames:
I have provided a lot of details but not ALL details. Example: The highest time frame of our FIVE (5) time frames used to OPEN a short or long position only requires the Green Line from Phoenix Ascending as part of the conditions to OPEN a position.
We get a new 5-hour (300-minute) candle in approximately 9 minutes for ADA:
Looks like the Yellow K-Line in the 5-hour (300-minute) will likely go above level 80 the NEXT 5-hour candle. Which means we use the 5 other time frames in that chart to open a SHORT position "IF" conditions are met to open a short position across all 5 time frames from the 150-minute down to the 10-minute.
What are those 5 time frames?
150-minute; 75-minute; 37-minute; 20-minute and 10-minute.
What are the conditions for opening a short position in those 5 time frames?
G-Line (Green Line) FALLING and less than 80 while falling.
R-Line (Red Line) Less than level 90 < No requirement to be falling; simply less than level 90.
Ari with 0.5 Gamma FALLING and less than 80 while falling.
Here is the 5-hour (300-minute), 150-min. 75-min. 37-min. 20-min. and 10-min. time frames:
I have provided a lot of details but not ALL details. Example: The highest time frame of our FIVE (5) time frames used to OPEN a short or long position only requires the Green Line from Phoenix Ascending as part of the conditions to OPEN a position.
Comment:
UPDATE:
Here is a look of the 75-minute full screen with Phoenix Ascending inputs set at 9, 6 and 2:
Here is a look of the 75-minute full screen with Phoenix Ascending inputs set at 9, 6 and 2:
Comment:
UPDATE:
6-hour time frame is to the far left. Why? It is the NEXT time frame in our NEW LIST of time frames to see if the Yellow K-Line rises above Level 80. IF it does in approximately 2 hours from now, this will mean we cut 6-hours (360-minutes) in half to 180-minutes. Then we cut 180-minutes in half to 90-minutes. This would mean we would NO LONGER USE the 75-minute to close this long position. Instead, we would use the 90-minute time frame to close this long position. We have a 2-hour wait. Let's see if the 75-minute can hold up until the new 6-hour candle.
6-hour time frame is to the far left. Why? It is the NEXT time frame in our NEW LIST of time frames to see if the Yellow K-Line rises above Level 80. IF it does in approximately 2 hours from now, this will mean we cut 6-hours (360-minutes) in half to 180-minutes. Then we cut 180-minutes in half to 90-minutes. This would mean we would NO LONGER USE the 75-minute to close this long position. Instead, we would use the 90-minute time frame to close this long position. We have a 2-hour wait. Let's see if the 75-minute can hold up until the new 6-hour candle.
Comment:
UPDATE:
ALL FOUR (4) CHARTS are the 75-minute time frame:
What is the difference? 0.40 Gamma, 0.425 Gamma, 0.45 Gamma and 0.475 Gamma. This is to show you we are NOT LIMITED to 0.5 and 0.4:
ALL FOUR (4) CHARTS are the 75-minute time frame:
What is the difference? 0.40 Gamma, 0.425 Gamma, 0.45 Gamma and 0.475 Gamma. This is to show you we are NOT LIMITED to 0.5 and 0.4:
Comment:
UPDATE:
The ONLY 75-minute chart with Phoenix Ascending inputs of 9, 6 and 2 is the 75-minute chart to the far right. I believe that is TOO SENSITIVE. I'm switching it back to 9, 6 and 3 like all the other 75-minute charts in this screenshot.
The ONLY 75-minute chart with Phoenix Ascending inputs of 9, 6 and 2 is the 75-minute chart to the far right. I believe that is TOO SENSITIVE. I'm switching it back to 9, 6 and 3 like all the other 75-minute charts in this screenshot.
The 67-minute time frame is the "current" time frame we are using to determine if we should CLOSE a LONG position that was opened at $0.3924. We have two more hours to go before we potentially transition to using the 75-minute time frame to potentially close a LONG position.
Conditions to close the long position are the following:
G-Line (Green Line) falling and less than level 80 when falling.
Phoenix Ari falling and less than level 80 when falling.
My recent LIVE stream had us also using the Yellow K-Line and Magenta D-Line in the Stochastic RSI as well for "closing" positions. THAT HAS CHANGED.
The D-Line is no longer needed.
The K-Line is only used to determine what time frames are used to open
the K-Line is also used to determine what single time frame to use for closing a position.
Only indicator lines used for actual opening is Phoenix Ascending G-Line, R-Line and Phoenix Ari.
Only indicator lines used for actual closing is Phoenix Ascending G-Line and Ari.
REMINDER:
Yellow K-Line from Stochastic RSI is only used to determine what SET of FIVE (5) time frames we use to OPEN a position
-AND-
What SINGLE time frame we will use to CLOSE a position.
Magenta D-Line of Stochastic RSI is no longer needed.
Yes, i have Phoenix Ascending, Stochastic RSI and Phoenix Ari all together here in the same indicator window to have more chart real estate for the candle sticks and b-bands. I also changed the colors on Phoenix Ari a bit to differentiate from Phoenix Ascending.
Within "inputs" of Phoenix Ascending; I "hid" the Blue Least Squared Moving Average (LSMA); I "hid" the Magenta D-Line for Stochastic RSI and I "hid" the White Energy. All within "inputs" of Phoenix Ascending to ONLY SEE the indicator lines I require for opening and closing.
REMINDER: Phoenix Ari is NOT the same "scale" as Phoenix Ascending. So, I made levels for Phoenix Ari more easily seen by making the dots larger and gave them red and green colors instead of them being gray.
Here is the 67-minute time frame:
Here is a view of current trade using the 67-minute time frame to show current gain; which is fluctuating: