Formula-1 Racing Setup

It's a nice sunny spring day and you are driving through this seemingly marked road and enjoying cutting through the beautiful land of the rightful owners while they enthusiastically watch and cheer for you to navigate the road properly and GET THE HELL OUTTA THERE cause they're sick of watching roadkill pile up.

So doable? If the perspective changes and becomes something that we are more used to, can it be travelled/traded better?

This is M15 GU right now.
Signals I'm tracking are from M30 but I keep checking lower TF's to get a feel of the severity (or lack) of the rush to lift M30.
I noticed it shows a green dot and arrow. Doing nothing but anticipating a possible continuation to M30 to go long.

One thing I noticed is that the middle line of TMA, makes it's own distinction of buy/sell/sideway moves with different colors. In this case I have made the sideway color gray/dots to resemble gravel. Basically, you are not going to get much traction on gravel and might be spinning your wheels for however long it lasts. Good areas to look out for.

Someone has commissioned lotsa hardworking flaggers to stand by the curvey parts of the road and raise a warning flag, offer alternatives and guide you through the road. Just try to not drive tru the poor beings when you see them appear. Could be that simple. Lets see. Waiting for the green GO flagger to come back from lunch but M15 just printed a red dot, so it is not happening yet. The last lady flaggers order still stands.

I was away when the long signal came but it was a good signal and anticipated. It is still valid.
So far so good. No repainting experienced yet.

It is interesting that the buy signal came at ADR 1.
That means this is not necessarily a 'catch an extreme signal' strategy.

The Palka indy is so strongly pointing the overall direction.
If the 14 period line could also be able to be made into a mirror version of itself, then it would draw a perfect arrowhead to go with the 260 period. It'd be called a javelin.

2 consecutive nice none-repainted signals...not bad.
I wonder when the next BB signal prints, if we would take it (yes we would), would it turn into profit?
The TopTrend indy was written in 2006.
Did a lot of traders blow their accounts while a lowly BB indy was laying around passively signaling red/green all this time?

Well, let's see what happens next week.

How to use this????

Really simple.
-Check the GU thread to see the level of in-fighting and chest thumping.
-Check from M1 to M15 on your chart with this setup for the BB red or green dots appearing.
-When M15 gets a BB dot, be ready for it to spill into M30.
-As soon as your red or green appears on the M30 chart, execute your trade accordingly.
-Best signals are the ones with both the arrow and the red dot appearing at the same time or very close to each other.
-TP/SL, BE, Trailing stop, adding to to winning positions etc. are your decisions.
-This is just about entering the trade at a reasonably good place with a reasonably farther distance for the exit target.
-The appearance of opposite would indicate an excellent exit, but I suggest not to be greedy to wait that long. Maybe have a fixed target in mind for each trade.
Go back to GU thread to see who didn't heed the BB signal and who is complaining about being stopped out and who thinks they are the king of trading.
Laugh your head off and Enjoy.

Here is a setup that will keep you in line.

If the oversized red dots are hard to see, this famous indy, adds lines too at those exact spots.
This way, the trading direction is chopped to distinct chunks.
Even the change between night and day isn't shown by mother nature this obvious.

Now that it is easier to see, count how many times you would have been wrong if you trusted the dot/line.
Or calculate how many pips you could have gained if you entered at those spots.

Add this indy and hit the tpl.

I do look at bars too BTW...if I want.
Some colored candles, if they are based on ma, ha, hma, zz, supertrend or whatever you like also look good in this setup but I'll let you find your own.

AUDIT THE SPECULATORS setup

Yes...I'm proposing a tool to audit the trade recommendations given by gurus there or anywhere else. Wohahaha
It's gonna be longwinded and slightly outthere and bordering whimsical but still practical.

They may use Naked charts, TA, Sentiment, WooDoo, Guess, ElHuncho, ManyHopes and prayer system or some unknown their suggestion is based on some old trading hero of the folklore.

But which one is right?
Which one is consistently right?
Which one stinks?

Do we even need them if we have a tool to judge their performance?

Or do we want to trade suggestion shame them? Roll the tape again...Wohahaha

BUT first I need to introduce this setup. So clear your mind....lisssssennngood..

This is based on the road driving set up but I had guys come with bulldozers to clear the road, so it's easier to see.

Still the same BB dot/line set up.
I have added a ZZ indy. It's just a marker that marks long period ZZ.
It's most recent signal repaints. After it reaches a HH/LL for the period, it screams reversal.
That's OK. We're interested in the marker signal before the last one.
It works with Palka.

After putting the ZZ on, the beginning of the long trend becomes obvious.
In this case, it was around mid May 9.
You take Palka long line and figure out how many candles back you need to set it on. White in this case.
You take red Palka and put it on last BB red and another one and put it on last BB green.
You get this set up in the image for which I have included a tpl and the ZZ.

Now what does hat tell you?

First of all look at that freaking huge arrow that the 3 legs of Palka have made.
It tells you that since May 9, GU has been on a tear up and still going that way strongly.
Would you look at that arrow and say to yourself I gotta short this?
Another thing it tells you is that no matter at what price you went long during the period that the white Palka draws, you would have been right.
It tells you that at any moment, you wanted to short, you were a contrarian trader. It tells you the distance at which you contrarian-ed
The red Palka clearly shows that the price broke that ceiling. Big ZZ arrow shows new territory.
The green Palka shows when the most recent wave started and of course the slopes on these palka's speak volumes.

But, obviously, those are all historical information.
It is there at a glance to recognize (A big arrow) in order to kinda find yourself in the chart and come to that decision between LONG or SHORT easier.

Of course the BB is showing you a reasonable good door to enter. It's a porthole of sorts. Take it or leave it.


HOW TO USE THIS TO AUDIT TRADE RECOMMENDATION

First of all, look semi mean, semi blank look on your face. Dead stare at the chart....Channel Simon Cowell.

That's how we are gonna judge these gurus.

They say go long based on these spaghettis lines or some report or some guy who is going to say this and that.....whatever..
Then pull up this setup and look.

Assuming the chart you are looking at looks like this one.

Someone says short short short..
Someone says long long long

Then you can deduct whether they are trend followers or contrarians right away.
Then make your decision who is wrong and who is right.

After the fact, go and trade recommendation shame the cr*P out of them.

I mean, the ZZ marker is screaming sell sell. It repaints.
So if anyone is saying sell at the moment, they are basically a repainting ZZ.
I still like to know why? Maybe the RSI is in OB and that's why it is time?
Mind you, the BB may print a red any time too. So, being a bit ahead if BB print is OK too.

Really interesting to know what logic anyone is using right now to say go short.

But maybe they know something and going short is a good call.
Then you can try to find out what indicator or what TA or analysis gave the reason to short against all odds.
So, it's a win/win situation.

OH, BTW on a side note, this set up may help you trade just about any instrument and make $$$ while you attend to your new profession of Trade Recommendation Auditor. lolz

Just a reminder that to make Palka arrow work, you have to set each leg to the appropriate ZZ and Green/Red BB arrows of the chart you are looking at because they change with each chart and tf. Obvious but just know that this set up is semi manual.

Noticed the perfect alternating green/red signals?
Look at the lines...green red green red ....

Then they make fun of setups that look like Xmas trees.
There are even red and green Xmas ornaments hanging around and gold arrow thingies.

Ok, seriously, in the ZZ long tend line (Palka's white line) I count 4 BB up signals and 3 BB down signals.

So, You are at a casino and you are sked to make a bet.
Red or green, that's all we are asking you to guess.
Can you do it?

RED..right?

Right.
The next recommendation from BB is going to be a sell recommendation.

WHAT??????

You are suddenly enabled to predict an outcome based on events of the past? At least reasonably?

Kinda looks like it. No?
You had a choice of red/green. You looked at the past and bet on a future outcome.
I think you done well.



Agree?

Anyone is a contrarian and thinks next signal is gonna be green?



Now that we know the color of the next signal, then it leaves the 'timing' to become apparent.

So, right now we are watching and anticipating red. Maybe a while or even upon market opening.

Any opinions?

Test 1 based on signals from May 9 until Friday close.
TP 300
SP 100

Test 2 based on signals from May 9 until Friday close.
TP 300
SP 100

Difference? A little secret magic juice.

Being on Steroid can't be a good. Or is it?

I wonder if I have made my point yet?

That steroids accelerate your growth, but might destroy your life long term?