Okay, another idea for all of you people who like a variety.
I am posting a chart here, and in each of the circles you have a set of Red Bars going down from the High of 1.9846 on 12-1-06
Circle 1 (Far Left) 4 Red Bars in a Row
Bottom of each bar to the next bottom of the next in that circle is as follows:
50/58/7/102 add the total pips from the first bottom Red bar to the 4th bottom bar in that first circle. Total is 207 pips Divided by the 4 bars =
54 pips average each move down from the first bars low.
Okay you got the idea.
Second circle from left
27/79/-22/87 Total 231 Divided by 4 bars = 57 pips
Third circle
62/-1/45 Total 106 Divided by 3 bars = 35
Fourth circle
79/135/+27 Total 187 Divided by 3 bars = 62 pips
Total of the 4 circles is 731 pips divided by 4 groups (circles) = 182 pips
Now the fifth circle far right
(we are currently in this group)
The first Red Bar (yesterdays) Low was 1.9386 subtract 182 pips from this price and your average would find you at 1.9204.
Well there you go folks, believe it or not. That is up to you.
Just food for thought.
I am posting a chart here, and in each of the circles you have a set of Red Bars going down from the High of 1.9846 on 12-1-06
Circle 1 (Far Left) 4 Red Bars in a Row
Bottom of each bar to the next bottom of the next in that circle is as follows:
50/58/7/102 add the total pips from the first bottom Red bar to the 4th bottom bar in that first circle. Total is 207 pips Divided by the 4 bars =
54 pips average each move down from the first bars low.
Okay you got the idea.
Second circle from left
27/79/-22/87 Total 231 Divided by 4 bars = 57 pips
Third circle
62/-1/45 Total 106 Divided by 3 bars = 35
Fourth circle
79/135/+27 Total 187 Divided by 3 bars = 62 pips
Total of the 4 circles is 731 pips divided by 4 groups (circles) = 182 pips
Now the fifth circle far right
(we are currently in this group)
The first Red Bar (yesterdays) Low was 1.9386 subtract 182 pips from this price and your average would find you at 1.9204.
Well there you go folks, believe it or not. That is up to you.
Just food for thought.