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Quoting BWilliam
{quote} Hi, candlesticks give useless info. Lines tell me where price has gone and where it is now. I look at proxies most of the time. Cheers
What do you mean with proxy? I googled what the word means and its the authority to be in charge of something else, but what does that have to do with your charts?
Also, candlesticks show just like lines, where price has been, and is right now
Enough, back to my low DD types; we have EURNZD is waiting to form
Quoting Ihlas
{quote} Hi BWilliam, Do you use Daily O/C (or it's same 4H close in FX also) and 4H close as a benchmark? {image} The day close is also below of that 4H One more example EG red line is 50% of week H/L {image}
All of these were just to test the logic
Quoting Ihlas
Enough, back to my low DD types; we have EURNZD is waiting to form
Broken high, not valid anymore
  • Post #65
  • Quote
  • Edited 8:39pm Mar 13, 2023 5:13am | Edited 8:39pm
Quoting dinpappa
{quote} What do you mean with proxy? I googled what the word means and its the authority to be in charge of something else, but what does that have to do with your charts? Also, candlesticks show just like lines, where price has been, and is right now
Because lots of traders use candlestick patterns (HH, LL, doji, stars, engulfing bars, hanging man and a bunch of other patterns) to make assessments about future price movement. The patterns are suppose to show the current "emotion" of the market participants. If you have a good backtesting program you can determine that most, if not all, of these patterns are no better than 50-50. A line chart just shows you where price has been and is now.
Quoting Ihlas
This is something I'm testing Like simple math 4-2=2 and simple logic if a isn't true b = true (bool) After seeing the EURNZD set-up, I think this should also work EURNZD might drag GBPNZD with itself {image}
I will dithc this for good.Concentrating 3 low DD, 1 higher DD and low, medium, high (GU expands very bad with this) DD set-ups
Very nice thread, keep it going!
Waiting to be hit same as GU blue box targets
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH4.png Size: 21 KB
  • Post #69
  • Quote
  • Edited 12:18pm Mar 14, 2023 9:35am | Edited 12:18pm
EURUSD, yesterday's low is also target

I don't think it's a good idea to short now. It's according to my simple math logic that I couldn't ditch while seeing the result on NZDUSD, I will post it later

Same for GBPUSD and NZDUSD, target is yesterday's low; Looks like this proves FX Market is driven by algo

Better sell them higher
Quoting Ihlas
This is something I'm testing Like simple math 4-2=2 and simple logic if a isn't true b = true (bool) After seeing the EURNZD set-up, I think this should also work EURNZD might drag GBPNZD with itself {image}
It works
ALGO
Quoting Ihlas
EURUSD, yesterday's low is also target I don't think it's a good idea to short now. It's according to my simple math logic that I couldn't ditch while seeing the result on NZDUSD, I will post it later Same for GBPUSD and NZDUSD, target is yesterday's low; Looks like this proves FX Market is driven by algo Better sell them higher
NZDUSD is out,was quick with decision. Rest remains as a target.
Quoting Ihlas
{quote} NZDUSD is out,was quick with decision. Rest remains as a target.
Instead AUDUSD target, as GU and EU, GBPNZD is crawling up!
EURUSD - target Monday low [eliminated]
AUDUSD - target Monday low [pending]
GBPUSD - target Monday low [eliminated]
______
AUDNZD - target Monday high [pending]
GBPNZD - target Monday high [pending]
EURNZD - target Monday high [pending]
We need NZD and AUD pressure
Quoting Ihlas
EURUSD - target Monday low [eliminated] AUDUSD - target Monday low [pending] GBPUSD - target Monday low [eliminated] ______ AUDNZD - target Monday high [pending] GBPNZD - target Monday high [pending] EURNZD - target Monday high [pending]
All of them are ALGO targets!
  • Post #76
  • Quote
  • Edited 2:18pm Mar 15, 2023 11:48am | Edited 2:18pm
Quoting Ihlas
EURUSD - target Monday low [eliminated] AUDUSD - target Monday low [pending] GBPUSD - target Monday low [eliminated] ______ AUDNZD - target Monday high [pending] GBPNZD - target Monday high [pending] EURNZD - target Monday high [pending]
EURUSD - target Monday low [eliminated]
AUDUSD - target Monday low [eliminated]
GBPUSD - target Monday low [eliminated]
______
AUDNZD - target Monday high [pending]
GBPNZD - target Monday high [pending]
EURNZD - target Monday high [pending]
______
NZDUSD and AUDUSD have more pressure down!
  • Post #77
  • Quote
  • Edited 2:17pm Mar 15, 2023 12:37pm | Edited 2:17pm
USDCAD - target today's low

NZDUSD - target today's high

GBPUSD - target today's high

Buy/Sell as low/high as possible!
NZDUSD and AUDUSD down pressure continues
Quoting Ihlas
{quote} All of them are ALGO targets!
how
Quoting Karlorenz14
{quote} how
Luck and not giving up; I think mostly not giving up!
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