Scout Sniping Gamble / A Proper Silver Ratio Introduction
Updated
Credit where credit is due, the idea and the concept came from ICT. Controversial? Not? I don't know anymore, but either way, I didn't want to just ignore him for this. It just got a lot more complicated once I dug in. This is a highly abstract analysis and not something anyone should follow strictly; it's merely an idea, and one that if followed, sets my own strategies to be more or less precise.
It is hard to read it all, but I used very simple tools. There are no fancy graphs and radians. There is one fib chart, and that is not even the fib chart, as I used sqrt(2)-1 and sqrt(2) for the most important zones.
I am going to keep using this modification because I have a great distaste for the golden ratio and its undue importance in many fields; it is mostly a lie that it's 'in nature' or 'architecture', and those are the definition of 'made for fitting'. However..
what does come up is the pell ratio. or silver ratio, or silver mean, if we're upset.
that's 1+sqrt(2). the square root of 2 is an irrational number, because any number that has both numerators as an even number can be simplified, but the square root of 2 does not have two even numbers, as it would have to be 2/2 (1) or 0/2 (#DIV/0).
sqrt(2)^2 = 2. What two numbers can multiply into two? well, it doesn't matter, but suffice to say this ration is present abundantly in nature (many golden ratio fibs are actually this value) and many of the triangles used in TA would be better suited using a silver ratio based angle.
i.imgur.com/SggBbAA.png here are a few numbers that are near it.
The lower end is the absolute trashed zone. If it ends up down in the red, it is repricing hard. there is a zone right above the red but below the median, which, then, is .4142, or sqrt(2). This is the 'resistance' as people would name it, but I would more aptly name it 'recovery'. No one cares if the price goes down farther. If they expect it to keep going up, and have stop sells placed, it's free money. Yet it goes back up every time... eventually. Bitcoin is not unique or special in any way. It has become yet another forex, and it sure seems like the bandit and whoever else acted in bad faith towards forex are in this too, and even moreso as I see these classic trends that defy 2017 but match a model with big boys above whales far better. I'm looking for a job btw.
The middle is the bear zone. Bearish attitude, or passive, if held here, indicates it won't double up in the coming peak. More stop buys etc. It's just indicative of more market commitment. Supply and demand are irrelevant; who needs any of this, really? We may as well be glorified launderers.
The one above that is the bullish, or optimistic, zone. if it holds here then there will be another peak, but if it falls too much it's weak.
Depending upon the size of the movement, this can be the high area, or just a bullish area. Too many dips into the passive zone require questioning its bullishness.
I used no TAs besides these few drawing tools and text.
youtube.com/watch?v=otZfEDNSuxU Here is the prediction I made regarding the expansion of this idea. I set the stop about an hour beforehand, and took a couple naps. Hour sped up 500x to not need to cut anything out. No stop sell.
(only do this with a demo account if you want to try, I accepted unneeded risk.)
Will be refining in the future. Seems valuable, and perhaps a way to find a distinguishing style aside from all these gaudy lines everyone seems to love so much.
Thank you.
It is hard to read it all, but I used very simple tools. There are no fancy graphs and radians. There is one fib chart, and that is not even the fib chart, as I used sqrt(2)-1 and sqrt(2) for the most important zones.
I am going to keep using this modification because I have a great distaste for the golden ratio and its undue importance in many fields; it is mostly a lie that it's 'in nature' or 'architecture', and those are the definition of 'made for fitting'. However..
what does come up is the pell ratio. or silver ratio, or silver mean, if we're upset.
that's 1+sqrt(2). the square root of 2 is an irrational number, because any number that has both numerators as an even number can be simplified, but the square root of 2 does not have two even numbers, as it would have to be 2/2 (1) or 0/2 (#DIV/0).
sqrt(2)^2 = 2. What two numbers can multiply into two? well, it doesn't matter, but suffice to say this ration is present abundantly in nature (many golden ratio fibs are actually this value) and many of the triangles used in TA would be better suited using a silver ratio based angle.
i.imgur.com/SggBbAA.png here are a few numbers that are near it.
The lower end is the absolute trashed zone. If it ends up down in the red, it is repricing hard. there is a zone right above the red but below the median, which, then, is .4142, or sqrt(2). This is the 'resistance' as people would name it, but I would more aptly name it 'recovery'. No one cares if the price goes down farther. If they expect it to keep going up, and have stop sells placed, it's free money. Yet it goes back up every time... eventually. Bitcoin is not unique or special in any way. It has become yet another forex, and it sure seems like the bandit and whoever else acted in bad faith towards forex are in this too, and even moreso as I see these classic trends that defy 2017 but match a model with big boys above whales far better. I'm looking for a job btw.
The middle is the bear zone. Bearish attitude, or passive, if held here, indicates it won't double up in the coming peak. More stop buys etc. It's just indicative of more market commitment. Supply and demand are irrelevant; who needs any of this, really? We may as well be glorified launderers.
The one above that is the bullish, or optimistic, zone. if it holds here then there will be another peak, but if it falls too much it's weak.
Depending upon the size of the movement, this can be the high area, or just a bullish area. Too many dips into the passive zone require questioning its bullishness.
I used no TAs besides these few drawing tools and text.
youtube.com/watch?v=otZfEDNSuxU Here is the prediction I made regarding the expansion of this idea. I set the stop about an hour beforehand, and took a couple naps. Hour sped up 500x to not need to cut anything out. No stop sell.
(only do this with a demo account if you want to try, I accepted unneeded risk.)
Will be refining in the future. Seems valuable, and perhaps a way to find a distinguishing style aside from all these gaudy lines everyone seems to love so much.
Thank you.
Note
scuse me, sqrt(2) - 1, and sqrt(2).Trade active
yes
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