To represent the most favorable conditions for executing high probability trades given the system I’ve developed for buying and selling foreign currency pairs online, I decided that it made the greatest sense to conceptualize price as existing (or operating) in various states of normalcy.
I would essentially be quantifying the odds of price moving in a particular direction according to the amount of pressure coercing it to shift from statistically abnormal to more typical degrees of deviation.
To accomplish this, I decided to use a rating system that assigns numbers to the amount of force pushing price to rise or fall, with rankings for the amount of pressure drawing price higher labeled as "buoyancy levels" and the magnitude of pressure pushing price lower referred to as "gravitational levels."
There were a total of nine levels (in either direction) so I initially planned to use the nine digits, but upon further reflection, given that there were two different categories of levels, I thought it better to use the numerals one through five to represent the less extreme rankings, and the letters A through D to represent the more radical positions.
Thus, the levels consisting of both a number and a letter are more extreme than those expressed using just a number, with maximum pressure to reverse direction occurring at level 5D and the least amount of pressure occurring at level one.
In fact, now that I think about it, to do otherwise would not have been possible because both categories of pressure often exist simultaneously. (Black represents upward pressure [buoyancy levels] and Deep Pink represents downward pressure [gravitational levels].)
I would essentially be quantifying the odds of price moving in a particular direction according to the amount of pressure coercing it to shift from statistically abnormal to more typical degrees of deviation.
To accomplish this, I decided to use a rating system that assigns numbers to the amount of force pushing price to rise or fall, with rankings for the amount of pressure drawing price higher labeled as "buoyancy levels" and the magnitude of pressure pushing price lower referred to as "gravitational levels."
There were a total of nine levels (in either direction) so I initially planned to use the nine digits, but upon further reflection, given that there were two different categories of levels, I thought it better to use the numerals one through five to represent the less extreme rankings, and the letters A through D to represent the more radical positions.
Thus, the levels consisting of both a number and a letter are more extreme than those expressed using just a number, with maximum pressure to reverse direction occurring at level 5D and the least amount of pressure occurring at level one.
In fact, now that I think about it, to do otherwise would not have been possible because both categories of pressure often exist simultaneously. (Black represents upward pressure [buoyancy levels] and Deep Pink represents downward pressure [gravitational levels].)