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Quote from yoohoo:

Baron you need tighter lines and pattern completion
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What i've drawn Yoohoo are TL's, not a pattern, or a coiling triangle compressing price action, just trendlines.
That doesn't mean that i won't take what you've shown onboard,
but, i do stand by, that those TL's are correct, now lets see how it all develops.
Up TL is currently broken on the fourth hit....
 
Quote from baron193:

What i've drawn Yoohoo are TL's, not a pattern, or a coiling triangle compressing price action, just trendlines.
That doesn't mean that i won't take what you've shown onboard,
but, i do stand by, that those TL's are correct, now lets see how it all develops.
Up TL is currently broken on the fourth hit....
More...

yes they are correct - but classical. Depends on how aggressive you want to be. I use very aggressive technique and I also use slower classical TL's but most times you'll be late to the party if you only use a conservative technique.

Both classical and EMTL have fulfillments. When you use classical in a small TF you'll be way behind on confirmations but it will work.
 
How you described them :classical, is perfect, i wish i thought of that term, yes and obviously there's a lot more to plain, simple,
and predictable, only sometimes it is, just to throw us out a bit.
I must admit to finding yesterdays price action a lot more predictable, even though it was choppyToday i almost pulled the trigger on the flying knife...but "almost" doesn't count.
 
Quote from baron193:

How you described them :classical, is perfect, i wish i thought of that term, yes and obviously there's a lot more to plain, simple,
and predictable, only sometimes it is, just to throw us out a bit.
I must admit to finding yesterdays price action a lot more predictable, even though it was choppyToday i almost pulled the trigger on the flying knife...but "almost" doesn't count.
More...

actually it does count - seeing it is a big step forward!

Seeing it in action makes you want to use it next time and almost all traders are scared stiff of it. It's the safest technique with the biggest RR but most don't even know it exists.
 
Hello Guys and CF

Trying to make equations to day trade or near day trade
while taking the pivot value for the expected (average Fair Value)
Been Hard here are the fair values for the next 40 days
The price distributions
around those averages have an error or STDEV...
but still not good enough to trade with at current Account Margin.


EUR/USD 1.5156
AUD/NZD 1.2942
AUD/CHF 1.0468
GBP/USD 1.9585
USD/CHF 1.0722
AUD/USD 0.9767
EUR/JPY 165.1968
CHF/JPY 101.3275
EUR/AUD 1.5497
EUR/CAD 1.5019
GBP/CAD 1.9279
GBP/AUD 2.0011


placing orders using the previous close combined with these Fair Values give me these as the next entry...
Placing them well ahead of time...and adding with changes in previous close(s) as time goes by...should do well...on paper at least

EUR/USD 1.6060 1.4628
AUD/NZD 1.3177 1.2273
AUD/CHF 1.0738 0.9432
GBP/USD 2.0111 1.9154
USD/CHF 1.1187 0.9781
AUD/USD 0.9935 0.9276
EUR/JPY 171.5872 158.8421
CHF/JPY 105.5826 99.5002
EUR/AUD 1.6682 1.5309
EUR/CAD 1.6384 1.4540
GBP/CAD 2.0292 1.8974
GBP/AUD 2.1126 1.9709
 
So I have been taking your suggestions seriously and working hard a a bunch of stuff. I worked at trendlines for a while and now im incorporating PA. I have a book on japanese candle stick and I had a question for you guys. On the five or even one minute chart do you guys blend candles to get formations? Like today on the eurusd you see it bounce of of resistance and on the fifteen minute you have a shooting star indicating a reversal but on the five minute I didn't see the sign until an hour and a half later when you got the key reversal bar. My question is do i take the signal from the five by blending candles or do I wait until the signal is readable on this time frame by a single candle.
 
It only put one of the charts. sorry.


ug. i then went on to put up the same chart again. Now i can't put up the 15 minute. it just showed the shooting star really well.
 
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