The core counselors mentioned above are fantastic for discerning the general direction of the intraday price flow. However, if you should wish to exit and re-enter positions to potentially double up on your profits, look to the 8½-minute baseline pictured below, along with the faster six-, four- and two-minute measures.
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The core counselors mentioned above are fantastic for discerning the general direction of the intraday price flow. However, if you should wish to exit and re-enter positions to potentially double up on your profits, look to the 8½-minute baseline pictured below, along with the faster six-, four- and two-minute measures.
Thursday | June 9, 2022
Let me break it all down for myself...
Intraday price flow is more or less tracked by the 70-minute price range envelope at 0.16% to 0.35% deviation (or as much as 0.50% deviation with some pairs)...
The slope of the 70-minute baseline, along with its positional relationship with the 50- and 40-minute baselines (let me call these "the fanning moving averages"); AND the 60-minute adaptive/dynamic price range envelope (at about 0.15% deviation); AND the 1.75-hour temporal support/resistance channel all convey the intraday bias...
Reversals within the intraday bias, which can be used for helping to decide when to take profit, and can either turn out to be pullbacks, or might possibly go on to develop into fully-fledged reversal in the intraday trend, are conveyed by the slopes of the 20- and 30-minute baselines...
Fluctuations within the 20- and 30-minute measures are tracked/traced by the 8.5- and 5-minute measures (on the chart below, which is lacking the 2-minute, 11-minute and 15-minute measures). The positional relationship of all these ultra fast measures with the 20- and 30-minute moving averages also aides traders in deciding when to pocket gains and/or when to re-enter a given position...
Memorize all of this until you know it like the back of your hand!!!
Let me break it all down for myself...
Intraday price flow is more or less tracked by the 70-minute price range envelope at 0.16% to 0.35% deviation (or as much as 0.50% deviation with some pairs)...
The slope of the 70-minute baseline, along with its positional relationship with the 50- and 40-minute baselines (let me call these "the fanning moving averages"); AND the 60-minute adaptive/dynamic price range envelope (at about 0.15% deviation); AND the 1.75-hour temporal support/resistance channel all convey the intraday bias...
Reversals within the intraday bias, which can be used for helping to decide when to take profit, and can either turn out to be pullbacks, or might possibly go on to develop into fully-fledged reversal in the intraday trend, are conveyed by the slopes of the 20- and 30-minute baselines...
Fluctuations within the 20- and 30-minute measures are tracked/traced by the 8.5- and 5-minute measures (on the chart below, which is lacking the 2-minute, 11-minute and 15-minute measures). The positional relationship of all these ultra fast measures with the 20- and 30-minute moving averages also aides traders in deciding when to pocket gains and/or when to re-enter a given position...
Memorize all of this until you know it like the back of your hand!!!
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You are going to need to add the four-hour baseline to this description and also place greater emphasis on the importance of the 70-minute baseline.
From Sunday, May 29, 2022...
The 70-minute baseline took over as the main consideration when trading NADEX knock-outs, because it was much more stable than the former indicator assigned that role—namely, the 45-minute baseline.
But as it turns out, the 70-minute measure is not stable enough. It will sometimes suggest an intraday trend reversal that never manifest due to the 2½- and five-hour price flows maintaining their present course without interruption.
So then, the role of conveying the gist of the general overall direction in which rates are headed at the intraday level has been handed off from the 70-minute measure (which also proved to be too prone, sensitive, or susceptible to less significant or durable price fluctuations) to the 2.5-hours and 1.83-hour measures.
So essentially, I am not looking for pullbacks in the 70-minute price flow, but rather, in the two- to two-and-a-half hour price flow.
From Tuesday, June 7, 2022...
There are three baselines that conspire together to pretty much confirm reversals. They are the 30-, 42-, 50- and 70-minute baselines.
Okay, but this is also from Sunday, May 29, 2022...
A pullback is confirmed when the 30 minute baseline is rejected by statistical support or resistance in the form of the 70-minute price range at about 0.25% deviation and/or the 2½-hour price range at about 0.30% deviation.
Confirm whether this is (always) true, and if so, use it to possibly clarify the situation during those times when "the 70-minute baseline suggests an intraday trend reversal that never manifests."
So then, here is one way to look at it that you need to consider to verify whether or not it is true: If the 70-minute baseline is NOT suggesting that an intraday trend reversal might be in progress, DON'T assume that it IS, based on the actions of any of the faster moving averages!
EXAMPLE:
Next week, I want to see you knock it out of the park, God willing! I think you can do it now. Here are the pairs you need to put at the top of your watch list at the start of the week!
Here is how things stand from a Two-day/24-hour perspective...
USDJPY would be primed to fall as soon as the two-hour baseline hooks downward, except that the two-day baseline is neutral at best, and perhaps even still slightly bullish. EURJPY is in a similar situation, but slightly better because the 48-hour price flow is already bearish. Ditto for GBPJPY, except that the two-hour baseline is already on a downward trajectory. (Note that USDJPY is structured to fall from the weekly perspective as well.)
AUDJPY is unquestionably bearish, with temporal resistance currently at approximately 95.55.
EURGBP is slightly bullish, with temporal support currently at 0.8511.
Aside from the fact that the two-day price flow turned slightly bearish by the end of the day Thursday, USDCHF is primed for at least a temporary ascent. (Note that it it structured to rise from the weekly perspective as well.)
Here is how things stand from a Two-day/24-hour perspective...
USDJPY would be primed to fall as soon as the two-hour baseline hooks downward, except that the two-day baseline is neutral at best, and perhaps even still slightly bullish. EURJPY is in a similar situation, but slightly better because the 48-hour price flow is already bearish. Ditto for GBPJPY, except that the two-hour baseline is already on a downward trajectory. (Note that USDJPY is structured to fall from the weekly perspective as well.)
AUDJPY is unquestionably bearish, with temporal resistance currently at approximately 95.55.
EURGBP is slightly bullish, with temporal support currently at 0.8511.
Aside from the fact that the two-day price flow turned slightly bearish by the end of the day Thursday, USDCHF is primed for at least a temporary ascent. (Note that it it structured to rise from the weekly perspective as well.)