LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
- #43
- Mar 23, 2019 11:36pm Mar 23, 2019 11:36pm
- Joined Feb 2019 | Status: Trader | 1,285 Posts
Hi Amundo,
I made these 2 charts to post in your thread using Strategy Tester so I couldn't see what was coming up.
GBP JPY H1 May 2017
I made these 2 charts to post in your thread using Strategy Tester so I couldn't see what was coming up.
GBP JPY H1 May 2017
Empty your mind and let the market guide you
- #44
- Edited 6:39pm Mar 29, 2019 3:50pm | Edited 6:39pm
This is a post for a member in the main thread who is asking about waterfall periods - it's not an answer, but something to think about?
So the question to ask is "Okay, what target are they going for here?" when the drop on the 7th starts happening. All easy in hindsight of course...(all credit to profitfarmer)
Edit: Just noticed the previous low on 15-02-2019 had cleaned out previous lows, the only other target to go for was the mid-November 2018 lows. Makes sense (but all in hindsight)...the journey continues...
So the question to ask is "Okay, what target are they going for here?" when the drop on the 7th starts happening. All easy in hindsight of course...(all credit to profitfarmer)
Edit: Just noticed the previous low on 15-02-2019 had cleaned out previous lows, the only other target to go for was the mid-November 2018 lows. Makes sense (but all in hindsight)...the journey continues...
"When the facts change, I change my mind"
- #48
- Edited 4:50am Apr 1, 2019 4:36am | Edited 4:50am
Hi Bro Amundo, please allow me to post here this gann grid tool.
Actually this is originally coded by one of best coder Swingman.
I just make small formula adjustment and visual cosmetic to fit my Gann understanding. This will help us to see chart from esoteric/3D perspective. This will show 'relative' 45/135 degree angles.
wish you all the best and Enjoy
NIH
PS. That arrows sometimes tell the true in higher TF..lol
Actually this is originally coded by one of best coder Swingman.
I just make small formula adjustment and visual cosmetic to fit my Gann understanding. This will help us to see chart from esoteric/3D perspective. This will show 'relative' 45/135 degree angles.
wish you all the best and Enjoy
NIH
PS. That arrows sometimes tell the true in higher TF..lol
Dog + Smile = Beautiful Day
{quote} NIH- How do you determine where you place and draw the Equidistant Channel’s on the chart to create 3Ding? Trying to determine your point of reference. Thanks- Wade
Yup, only bottoms, because the real concept of 'market' is just like traditional market that already work for thousand years. 'Buy first, Sell later' and gain profit in the process. Everu merchants in that traditional market, should become 'buyers' first before they could become 'sellers' in that market. Even farmers should become 'buyers' first before they could become 'sellers' of their vegetables or fruits etc. They should 'buy' the land first, they should 'buy' tools, seeds, fertilizers, etc. And of course they not always winning and could also losing due to many external factors.
So, back to our 'buy first, sell later' principle, it's always 'cheaper' to buy, then sell, and could you answer what the reason of the terms 'Long' for buy, and 'Short' for sell.
Dark grey, is our floor, and layered blues is our wall, see the 'corner'.
enjoy and regards
NIH
Dog + Smile = Beautiful Day
{quote} Very insightful and thank you! Working to better understand the corner, which I believe I understand the concept. Once completed price pushes through the current floor do you adjust and wait for new bottoms to form. Trying to better understand when utilizing this technique when the move is completed "the corner"?.
NIH
Dog + Smile = Beautiful Day
