I am hoping to bait some one into a real T and A chat about a List of Axioms I have been Honing for a number of years. I wanted to discuss the logic behind it and why it works. I would like to start a List of Axioms / Technical theorems to develop off of [size=18:cc373b98b8]Technical analysis’ axioms [/size:cc373b98b8] For example Axiom one support is a upward movement in price defined by a buy stop Axiom Two A trend is the failure of support or resistance it starts on low time frames and flow to higher time frames Axiom Three Momentum is the distance between pivots or height of the wave Axiom Four. In Forex we tend to revert to the mean as the banks balances their books Axiom Five The longer I am in the trade the higher probability mathematically of profit Axiom Six the Longer I am in the trade the more risk I incur I would like to see a high level of development and discuss on these topics I would like to postulate hypotheses to my peers. With that said I am going to postulate about a hypotheses This code is designed to find the direction of the top ten NASDAQ 100 stocks and works off Axiom Two. A trend is the failure of resistance NASDAQ Top Ten Trend direction [code:1:cc373b98b8]X:=If(Security("ONLINE:US;MSFT", ExtFml( "PowerPivots.TrendDirection", 1, 1)=1),1,-1); X1:=If(Security("ONLINE:US;CSCO", ExtFml( "PowerPivots.TrendDirection", 1, 1)=1),1,-1); X2:=If(Security("ONLINE:US;INTC", ExtFml( "PowerPivots.TrendDirection", 1, 1)=1),1,-1); X3:=If(Security("ONLINE:US;AMGN", ExtFml( "PowerPivots.TrendDirection", 1, 1)=1),1,-1);[/code:1:cc373b98b8] This code represents axiom Three Compressing support [code:1:cc373b98b8]hp:= ExtFml( "PowerPivots.NthPivotPrice",-1 ,0 , 1); hp1:= ExtFml( "PowerPivots.NthPivotPrice",-1 ,1 , 1); hp2:= ExtFml( "PowerPivots.NthPivotPrice",-1 ,2 , 1); 1hp:= ExtFml( "PowerPivots.NthPivotPrice",-2 ,0 , 1); 1hp1:= ExtFml( "PowerPivots.NthPivotPrice",-2 , 1, 1); 1hp2:= ExtFml( "PowerPivots.NthPivotPrice",-2 ,2 , 1); 2hp:= ExtFml( "PowerPivots.NthPivotPrice",-3 ,0 , 1); 2hp1:= ExtFml( "PowerPivots.NthPivotPrice",-3 , 1, 1); 3hp2:= ExtFml( "PowerPivots.NthPivotPrice",-4 ,2 , 1); 3hp:= ExtFml( "PowerPivots.NthPivotPrice",-4 ,0 , 1); 3hp1:= ExtFml( "PowerPivots.NthPivotPrice",-4 , 1, 1); 2hp2:= ExtFml( "PowerPivots.NthPivotPrice",-4 ,2 , 1); x:=If(hp<hp1 AND hp1<hp2 AND (hp1-hp)<hp2-hp1,1,0); x2:=If(1hp<1hp1 AND 1hp1<1hp2 AND (1hp1-1hp)<1hp2-1hp1,2,0); x3:=If(2hp<2hp1 AND 2hp1<2hp2 AND (2hp1-2hp)<2hp2-2hp1,3,0); x4:=If(3hp<3hp1 AND 3hp1<3hp2 AND (3hp1-3hp)<3hp2-3hp1,4,0); x+x2+x3+x4[/code:1:cc373b98b8] Now what if I did this [code:1:cc373b98b8]X:=Security("ONLINE:US;MSFT", compression of support); X1:=If(Security("ONLINE:US;CSCO", compression of support);); X2:=If(Security("ONLINE:US;INTC", compression of support);); X3:=If(Security("ONLINE:US;AMGN", compression of support););[/code:1:cc373b98b8] This would give you two indicators the over all direction of the MKT and during a pull back it will yield a binary score showing if the MKT is slowing down The trigger can be a five min pivot This Code will bring metastock to its knees and is more to the point of my goals to make some things out of metastock to be pushed back in but this is a free site for the development of Ideas and I am going to be forth right about my thoughts and delopement for the Benfit of all Thanks Keltner

... makes for interesting viewing then to figure out how risk === reward ???

My thought is that time = risk and time = reward cxl both they are like factoring out time.. So For me I would say 6 kills five and five kills six to equal a better axiom Time is better left out of charting?

I have not totally proofed... So feel free to rip it up I would state that you can have support from 10. 10.01 10.02 10.03. Ten point .03 makes ten support so any up ward movement in price and it would not be subject to any time constraints. 10 9 8 7 6 5 4 3 2 1 0 no support. Would you agree with this statement it is not possible for support to form with out a upward movement.? Keep in mind the inverse is also true I would state if support is caused by upward movements then a trend is an upward movement that moves above resistance. Other wise it is a forming support level. If the price moves father it is a trend. It may start on a tick bar chart and grow as it moves to a monthly chart but it started some time with a one tick movement in the direction of the forming trend. The only way define a trend is after the fact With that being stated if we trade above monthly resistance we have a stronger trend then a five min trend. Still a trend starts when we take out a price that price being some time of resistance. Would you agree with that statement? Because what a trend is and how it forms is important to the development of any system ? I would like to build some statements to develop off of. Axiom eight could read like this five min resistance is not as significant as daily resistance because the support and resistance sample size is smaller.. In other words The higher the time frame the more significant the failure of the pivot is Can we agree on this momentum is only a measure of vertical movement not horizontal? This would mean that If I move 3 bucks into a trend. AKA above resistance and fail pulling down some amount and break out again. And move $1 in to the trend again and draw back at that moment on that time frame momentum is slowing? Axiom Four: Is some thing I am working on I found a odd thing in forex. One It never dawned on me that there is no limit to inventory so if it runs to the top of say a five min keltner channel it fails back to the bottom with some regularity. With stocks we have limited inventory and we can run a stupid amount in one direction. What I think I am seeing is this if a bank has 1 mill yen and 1 mill $ and the yen runs they are getting a imbalance in on the books and have to take offsetting trades. This is a guess as to why it oscillates in short term channels so regularly unless there is news. This axiom is under development If I understand what you are stating is that an index is biased to the upside. If this is the statement I agree. Axiom Five simply means that the probability of profit or a move one way or an other. Will happen the longer I can wait. In other words at some point this trade should move in my direction given enough time. So the statement that if I have ~ enough time I will become profitable, This becomes important in what instruments I am trading and when I need the money not when the instrument will yield the money. A good example of this on sept 11 I had in the money qqqq calls based on a forming double bottom. I lost my buddy who owned qqqq made a profit. If we take one instrument my argument may or may not be true but if we use the law of large numbers or that a random sample from a large population and if we take the size of the sample and make it an ~ sample size not using time (time would fix the size of the sample) then a infinite amount of out comes is possible. Point being In my limited understanding of math if time is not part of the equation then the result of profitable is inevitable ¡K.. The only way I use this axiom is to state to myself why I like stocks over long calls ƒº I can sweat it out or sell call to get out of the problem I do understand your point, I will restate it to reflect what I use it for. I just need to ponder how to state it. What do you think of one thru four now? Keltner

I was hoping for a Antagonist to engage poke wholes in concepts but I do not understand your point of being an administrator if your feel we find our own way but that is not relvant for what I was looking for I was looking for a alternative thought process. In the hopes that I would not waste 1000’s of hours on systems that have dead ends. With that said I think you missed a little nuance of 10 9 8 7 6 5 4 3 2 1 0 what happens after 0 and before ten is what makes the apex. You can not have a apex with one leg…… down down or up up You have to have down down up or up up down to have a apex. The movement from the apex makes the apex. A lone point can not be a apex. So I agree what happened before 10 and after zero makes the series. So if this is the only way that support or resistance is formed my entries should be buy stops because I am trading as the apex is forming and if I use a buy limit I am predicting the apex. No one can do that This is the building block concept. with out it the rest fail Keltner

What does being a forum administrator have to do with anything? 99.9% of the time, I participate as a member of the forum just like every other member. :ok: Though externally interesting, I'm completely confused by the nature of your questions and follow up statements. You are posting trading plans and strategies and listing yourself as a hedge fund manager, but it doesn't appear that you have a well thought out plan of any kind. Perhaps rather than posting a list of self-perceived absolute truths- and then sitting back and weighing the validity of the feedback via antagonism to form your own opinion- you should just ask whatever questions you have. Speaking as an authoritarian or marketing yourself as one doesn't make it so. If you have experiences to back up your statements, then post your supporting proof. Otherwise, this is all going nowhere fast.