Which indicator is the best to measure breakout ?

Actually, it's statically very probable. Hence CETI and Kepler. https://kepler.nasa.gov/

Extraterrestrial life is practically a given. As are life forms based on different biochemistry. That's why billions are being poured into proving it.

Our machines are young. 20 years old. They're already landing air planes, flying around our oceans as autonomous mini submarines, landing on and exploring mars. They play chess and beat us at it.

Took is millions of years to do what our machines are doing in 20.

By the time you die Chikot you will not be able to tell the difference between a machine and a human, if we don't wipe out now, cause we're on the edge of a catastrophic collapse of our civilization.

https://kepler.nasa.gov/Mission/discoveries/

Just look at the volume of planets being identified. And this is on a small sample of space. In the universe there are literally hundreds of billions of planets. A good few billion will be earth like. And earth is a young planet, 75% of the systems out there are a at least 4 billion years older than earth.

https://ncronline.org/blogs/ncr-today/scientists-estimate-tens-billions-earth-planets-our-galaxy

It's very likely that there are few million civilisations like ours that developed machines millions of years ago and wiped out, leaving their machines behind. All about the numbers....

Whatever those geeks do in Ceti does not mean life is there. been watching NG recently and they speak as if it is a forgone conclusion and just a matter of few years. But the truth is we have not been able to find a measly bacteria outside our planet.
Humans tend to waste money on useless things. Trillions have been poured into current arrangements like highways, personal transportation and housing with goal to ruin our energy resources in record short time.
Current situation is what happens when science goes mad and has no direction and leadership.
FYI, no one knows how life emerged and science has no answer. Darwin theory is false and public simply is not following what has been happening in science in the past 60 years as despite all developments there is no proof that life emerged from non life randomly and that species evolve one from another by tiny steps.
Machines imho will never create Matrix like situation but nevertheless the way they are used in our scosiety a lot of lives and the whole civilization could be ruined.

TheCyclist posted:
    Actually, it's statically very probable. Hence CETI and Kepler. https://kepler.nasa.gov/

Extraterrestrial life is practically a given. As are life forms based on different biochemistry. That's why billions are being poured into proving it.

Our machines are young. 20 years old. They're already landing air planes, flying around our oceans as autonomous mini submarines, landing on and exploring mars. They play chess and beat us at it.

Took is millions of years to do what our machines are doing in 20.

By the time you die Chikot you will not be able to tell the difference between a machine and a human, if we don't wipe out now, cause we're on the edge of a catastrophic collapse of our civilization.

again, it doe snot matter how many planets is there. So far scientists have been able to identify very few Earth like planets if any. Almost all planets found are gas giants akin Jupiter.
Also, until life is found on any there is no statistical base to make assumption like CETI does.
we might be the only one planet where the life emerged, who knows. Until there is prove to the contrary there is no foundation to think otherwise.

Complexity of life is stagering. Much more complex than that of our machines and our machines are not evolving by themselves.
It is we who are designing them and improving them. There is no evolution of machines. The moment we stop servicing them, they will turn into garbage.

I'm going to have to disagree with you. But for now having a machine do the trading for me while I'm off on my travels works just fine for me.

What would be upsetting is if it starts buying my girl friends gifts with the profit, then I have a problem and it's maybe a little bit to clever.

LOL, I hope it will not be coming to this as it means your bot will be also controlling your bank account! 😲
As we say in Russian it is akin to let goat into the garden or let cat guard the cream.

BTW, Grim, I know you like life in Asia. Where would you prefer to live in there?

I'm slowly settling in Thailand. I'll spend the next year there at least, leaving tomorrow for what I expect to be a 1-2 year round trip before I come back here to get some new credit cards.

Very tax efficient. If I'm never here I become a non-tax citizen. So then I don't have to pay tax here, but the work is scattered around the world and I spend less than 6 months a year in Thai.

Which means legally, I'm not obliged to pay anyone tax. Perfect!

That's good idea. I am personally not against paying taxes but not on the scale accepted here as social security is in shambles and I simply have no idea where those taxes are going.
Considering what business we are all in when you never knows if you have profit or not cause nothing is quaranteed paying 40% is a heavy burden.

I have never been in Thailand. Have heard that Thais are pretty lazy but it is good place to come and relax.
Been to China for a couple of years with breaks. It is very energetic place. The pace of change is fast. Been there first in 1988-1989 when a lot of people still wore Mao suits and I did not see a single fat Chinese then. I actually liked it then too. I was studying Chinese, liturature and history and was practically programmed to like China. My only misgivings that they are trying too hard to be like the West which I do not like as China has got outstanding culture of itslef but it seems dead by now.
My teachers all were old China born old fashioned Chinese or China assimilated Russians and the difference is obvious.
Anyway, I always like to go and stay there. Would prefer cleaner air though.

Don't know who said the Thai are lazy, but they are ill informed. They work like ants. Whole east does, as the China story proves.

Takes like 0.5 people 0.5 days to build a car there where here we have like 10 guys doing it in 4 days. Volkswagen has a factory or three there and here so the figures must be available for comparison.

And they are all entrepreneurs. I've seen a a guy make money with a jam jar, two forks and two tooth picks. That does take some doing.

I'm morally against our taxes. We end up with less than 25% of our income here, and the politicians get voted in by the best promise. Sadly not a sustainable system, as the west is about to find out.

Not only this. Had those taxes provided solid social protection like i tis say in Scandinavian countries or Germany it would have been different story. But when you earn well and pay say $100 000 a year in taxes and if shit hit the fun and you need support the maximum you get per week here is $400-425. any sense?

Chinese are very industrous. They have been mercantile people for thousand years. But i am truly amazed at Japanese who are imho without equal. Not only they are industrious but their unique national psychology based upon samurai ethics makes their produce the most reliable. Unfortunatelly cannot say same about what other Asian nations make as I have never had any problem with anything made in Japan but had with made elsewhere in Asia including China. I would not also include Germans in traditional West. By west you probably meant English speaking countries?

Got to run. Be back in 2 months or so.

Good luck Grim!

Try the Forex Breakout Direction Indicator created by Away From Keyboard Forex
www.forexbreakout.co.uk

My personal opinion (tried all kinds of indicators in my early trading days) is that indicators should never be used as a reason to do anything. Any indicator is based on past price action. What I found is that in order to try and 'predict' future price action as best I could, I use support and resistance levels to determine a Breakout Zone (typically 30 Min chart) and S&R levels on a 4-Hour chart to determine profit targets.

Look at the attached chart for example. I wrote my own (rather unsophisticated) indicator that uses Fractals to draw horizontal lines on the chart. It draws a Breakout Zone on the specified lower time-frame (e.g. 30Min), and Profit Target S&R lines on a higher time-frame (e.g. 4 Hour). These lines are automatically re-drawn once price has broken out and moved to a new consolidation zone.

The Breakout Zone has five lines, a Pivot point used to determine if I am Bullish or Bearish, a Resistance Level with a Bullish Breakout Confirmation Level for a buy order on the breakout, and a Support and Bearish Breakout Confirmation Level. You will also see the MACD True indicator, which I ONLY use to CONFIRM order entries and exit decisions.

So the basic idea is that I wait for the market to consolidate inside my Breakout Zone. I then watch for a possible breakout above or below my Breakout Confirmation Lines (a 30min candle must close above or below). I then check the MACD True indicator to make sure the MACD Line is above or below 0, above or below the signal line and above or below the histogram (momentum bars). Then I place a trade and use the 4 Hour S&R lines as profit targets and the other side of the Breakout Zone as my stop-loss.

So my point is this, no indicator on its own can be used to make trade decisions. You have to learn how market structure works, and why they are formed. When the market is consolidating, this is an indication that Institutional traders (banks, Hedge funds, etc.) are busy building positions. Markets consolidate because price is in a range that is considered 'in value'. Once something happens like CPI data, payroll data, etc. markets will break out of the 'in value' range and move up or down. The big bars on the chart is mostly started by HFT machines, which then prompt the rest of the market to join in. But the market is usually directed by the large institutions in the longer run, due to their large positions. This is why you often see market reversal 5 to 10 minutes after US non-farm payroll releases. The initial move was caused by HFT machines, but as soon as institutional traders have gone through the print, the start taking large positions in the opposite direction.

Anyway, I'm no expert or economist, but after nearly 7 years I have learned that indicators on their own is pointless. They should be used as tools to assist you in your trading decisions, but NOT be the sole reason why you take trades.