Intraday FX Player

[CFerret]

Still don't understand how WMA does predict.... CV maybe you try to explain, I don't get it...

 

[yoohoo]

CV try a chart refresh - your WMA may not have suffucuent bars.

1 hr in a messy channel but 4 hr could visit hell if we break new lows

 

[yoohoo]

correct CV

But guys this is minor information - your brain will now want to make it major. Stick to the plan

 

[cvds16]

CF, he is using the previous high of the 40WMA, the one around 5:10 GMT as a future reference point for the high 8:06 GMT. I got 52 by doing the same with the last low by taking the value of the WMA at the last low.

 

[CFerret]

Still I need to find out where and what is wrong...

Here is my 1min chart w/ 40WMA. And I am sure period is correct, enough bars as well and WMA is applied to close...

Actually no other MA as well would approach actual price high, unless price was BELOW it while moving up...

What did I understand wrong?

 

[CFerret]

Quote from cvds16:

CF, he is using the previous high of the 40WMA, the one around 5:10 GMT as a future reference point for the high 8:06 GMT. I got 52 by doing the same with the last low by taking the value of the WMA at the last low.

A ha! Got it now! Thanks!

P. S. My northern blood flows sloooowly in my brain...

 

[yoohoo]

correct CV, if you look at my post it was 51 on mine but we will not argue over a pip

 

[CFerret]

So if I get it right now, WMA is just used to smooth S/R zones information... Convenient really...

 

[yoohoo]

yea but you gotta build up the picture so you get the best use of it

clockwatch - 1 hr/4hr

 

[yoohoo]

2/2 not bad