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Mission Discovery: Think Outside The FX Box

  • #101
  • Apr 23, 2008 4:52pm Apr 23, 2008 4:52pm
I just adjusted my Japanese fan and I expect a move in the hours to come to 203.83.
  • #102
  • Apr 23, 2008 5:00pm Apr 23, 2008 5:00pm
Scotty, I see you have already left the thread, but upon your return please feel free to display any chart examples that would aid in your fan adjustment of g/j.... mike
  • #103
  • Apr 23, 2008 5:16pm Apr 23, 2008 5:16pm
Quoting Scotty B
Also your decision lines go from high to high and low to low.
If this is so, then it conflicts what you stated in your first explanation in the drawing of the lines:

Quote
When your two candles are picked out, the first step is to draw a line from the high of the first candle to the low of the second candle, and from the low of the first candle to the high of the second.

...

These two lines have predictive value that not a lot of people would see. These first two lines I call the ‘decision’ lines,...

I need clarification on this, once and for all.

Here is how things unfolded on the last chart I posted:

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  • #104
  • Apr 23, 2008 5:38pm Apr 23, 2008 5:38pm
Quoting southernmind
If this is so, then it conflicts what you stated in your first explanation in the drawing of the lines:
Southernmind,
I'm sorry my friend. You are right, my mistake here.
When drawing a japanese fan you first pick out two candles. Then draw a line from the high of the first candle to the high of the second candle. Then do the same with the two lows. These first two lines are our decision lines. If we get a close past one of the first two lines then trade to the target line. You are drawing the target lines correctly; from high to low and low to high and then moving them. I'm really sorry for the confusion. The moderator of this forum has taken away my ability to edit my posts, so that misinformation is stuck there.
Thanks for posting the results of yesterdays action.
  • #105
  • Apr 23, 2008 5:48pm Apr 23, 2008 5:48pm
Here I hope this helps with the decision line drawing
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  • #106
  • Apr 23, 2008 7:01pm Apr 23, 2008 7:01pm
Trading on the 30min. Price eventually headed to the lower red line:203.90.
As of now (7pm CST) The low TF's are oversold and in need of a move up. On the 30min chart there is a PA retracment zone at 205.05; this level needs to be broken. It is anyones guess which line will be hit first. Based on the oversold conditions on lower time frames I would guess high then low. If this happens to be the case, we will have a short good for roughly 120 pips.
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  • #107
  • Apr 23, 2008 7:22pm Apr 23, 2008 7:22pm
Quoting Scotty B
Southernmind,
I'm sorry my friend. You are right, my mistake here.
When drawing a japanese fan you first pick out two candles. Then draw a line from the high of the first candle to the high of the second candle. Then do the same with the two lows. These first two lines are our decision lines. If we get a close past one of the first two lines then trade to the target line. You are drawing the target lines correctly; from high to low and low to high and then moving them. I'm really sorry for the confusion. The moderator of this forum has taken away my ability to edit my posts, so that misinformation is stuck there.
Thanks for posting the results of yesterdays action.

I think you need to create a new post, with charts, explaining the method again so there won't be any confusion. I will make things crystal clear.
  • #108
  • Apr 23, 2008 10:22pm Apr 23, 2008 10:22pm
Ok, the price action retracement zone was just completed. It could go up some more possibly to 205.32, but I think we will see a move down to my red line pretty soon now at 203.80.
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  • #109
  • Apr 23, 2008 10:50pm Apr 23, 2008 10:50pm
I'm sorry Scotty, but your answers are really confusing me now.
If I look at your chart setup examples for the Japanese fan on post #43, then see your answer to Southernmind on post #103, compare this answer to your chart on post #106, then I'm lost.....

Because you cannot edit old posts anymore, it would be very helpful if you could do a new explanation, like post #43, with chart examples of the setup. This would enlighten things very much. Thank you.
  • #110
  • Apr 23, 2008 11:15pm Apr 23, 2008 11:15pm
Quoting fewhills
I'm sorry Scotty, but your answers are really confusing me now.
If I look at your chart setup examples for the Japanese fan on post #43, then see your answer to Southernmind on post #103, compare this answer to your chart on post #106, then I'm lost.....

Because you cannot edit old posts anymore, it would be very helpful if you could do a new explanation, like post #43, with chart examples of the setup. This would enlighten things very much. Thank you.
On post 106 I only have the sell decision line and the sell target line drawn. The green line on that chart was the price action indicated retracement level.
So only half the fan is there on 106.

Here is a video I just made explaining the Japanese fan. Sorry for the poor quality, but I think everyone will get the idea. Please accept my apology for all the confusion.
Here you kids go:
Inserted Video
  • #111
  • Apr 24, 2008 12:20am Apr 24, 2008 12:20am
just check your video. excellent always.
i thought you were an old kind man from your avata.

until today ....wow that is the google man.


lol
  • #112
  • Apr 24, 2008 12:32am Apr 24, 2008 12:32am
Quoting afresh
just check your video. excellent always.
i thought you were an old kind man from your avata.

until today ....wow that is the google man.


lol
I listen to a lot of AM radio. I always develop a picture in my mind of what someone will look like that I'm listening to. I've never been close! One radio guy in Minneapolis MN named Tommy Mischke won't let the station he works for put his pic up on their website, because it will destroy the "theater of the mind." Kind of the same thing here. HA HA!
  • #113
  • Apr 24, 2008 12:48am Apr 24, 2008 12:48am

i used to think this "old man" was really energetic.
lol

now i start to develop a new pic of you in my mind.
i am enjoying the "theater".
  • #114
  • Apr 24, 2008 12:57am Apr 24, 2008 12:57am
I see the low to a low line or V.V. but, how is the next line put in to start the system?
  • #115
  • Apr 24, 2008 1:03am Apr 24, 2008 1:03am
Quoting Scotty B
On post 106 I only have the sell decision line and the sell target line drawn. The green line on that chart was the price action indicated retracement level.
So only half the fan is there on 106.

Here is a video I just made explaining the Japanese fan. Sorry for the poor quality, but I think everyone will get the idea. Please accept my apology for all the confusion.
Here you kids go:
http://www.youtube.com/watch?v=n30UPtSpzSE
Hi Scotty,

Thanks, it's clear to me now.
  • #116
  • Apr 24, 2008 11:50am Apr 24, 2008 11:50am
Yes, but in a good way. Thanks Scotty. My first try at the fan was a success! Your video made it all very easy to do. Would you say that this would work on all time frames?

Thanks again, Tommy
  • #117
  • Apr 24, 2008 1:45pm Apr 24, 2008 1:45pm
Hi Scotty,

I was drawing these incorrectly and they also worked. Go figure! I believe that I came up with close to the same lines just a different way of doing it. Anyway is the timeframe important or is one more significant than the other in your opinion? Thanks for the video it was very helpful and you could never pass for an old man if you ever wanted to.

Nikki
  • #118
  • Apr 24, 2008 2:53pm Apr 24, 2008 2:53pm
ScottyB, (jimmy), I had no idea I was conversing with a young gun. I'm a 45 year old father of 4. Your trading and mission are quite honorable, keep up the good fight. I look foward, with anticipation, in seeing your other strategies. Michael
  • #119
  • Apr 24, 2008 4:17pm Apr 24, 2008 4:17pm
it works on the 2min and 5min so it does work on all time frames just try it
  • #120
  • Apr 24, 2008 5:08pm Apr 24, 2008 5:08pm
Hi Scotty,

Thanks for starting such a refreshing thread. I like your thinking,{outside the FX Box} Looking forward to your methodologies.....T-Wolf
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