You could do that. I'm much more organic. I start from the inside and work my way out. What I mean by this is that I'm much more number line centric.
I'm much more organic. I start from the inside and work my way out. What I mean by this is that I'm much more number line centric.
.Guys, watch these emerging currencies. Turkey,Mexico, Hungary...
Dollar is breaking out strong on these as well, but it's the velocity of the move that should draw your attention, not simply the technical aspect of it.
Mark made such a big deal about the significance of the OR as a possible High/Low area of the day. I think the more important issue is the frequency that a market makes its H/L within x% of a certain volatility threshold of the OR. In currencies and index futures I am "seeing" that my A levels have a strong tendency to contain price, one way or the other. I am no quant, but I would love to see long term data describing the markets tendency to make a low or high with say 20% of a 20 day ATR off a given OR. To me, that is one major benefit of the method. I am catching and seeing too many reversals lately not to think this has merit.
). So, I have added some of my favorite Mav quotes at the bottom of the document. Hope you find it helpful.