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Free from Prediction and Forcast Method (3LB)

  • #41
  • Mar 11, 2007 5:53pm Mar 11, 2007 5:53pm
Quoting Fun Trader
Please do the same exercise for the last 50 GBPUSD Daily candles ( I mean drawing 3LB chart using Excel )
It seems like you are counting 4 blocks back instead of 3.


But anywho, here is my stab at it.

List of Daily close (InterbankFX mini):
1.9607 1.9703 1.974 1.9736 1.9738 1.9768 1.982 1.9678 1.9648 1.9592 1.9614 1.9613 1.9619 1.9636 1.9664 1.9672 1.9654 1.9606 1.9708 1.9711 1.9582 1.9502 1.9534 1.9467 1.9453 1.9643 1.951 1.9499 1.9523 1.9502 1.9555 1.9531 1.9558 1.963 1.9639 1.9634 1.9623 1.9635 1.9569 1.9431 1.9342 1.9206 1.9348 1.9296 1.9293 1.9317
Chart ( I counted 3 blocks back instead of 4...i think)

http://img85.imageshack.us/img85/4148/3lbxl7.th.jpg
Nothing is hard, some things just take more time and discipline.
  • #42
  • Mar 11, 2007 6:03pm Mar 11, 2007 6:03pm
Hmm i think i just had an epiphany


The close of the last block is assumed to be the open of the next block...thats why it seems like you are counting 4 blocks back...because you are not going just based on the close, you are assuming that that close is the open of the next block...which would be the third block


OHHH, it makes sense now, i am going to redraw my chart
Nothing is hard, some things just take more time and discipline.
  • #43
  • Mar 11, 2007 6:16pm Mar 11, 2007 6:16pm
Ok this is my retry at it. If i understand correctly, i would not draw another positive block unless it passed the close of the last positive block. Which means the price would have to climb to 1.9821 for another positive block to be drawn...am i correct?


Daily list

1.9607 1.9703 1.974 1.9736 1.9738 1.9768 1.982 1.9678 1.9648 1.9592 1.9614 1.9613 1.9619 1.9636 1.9664 1.9672 1.9654 1.9606 1.9708 1.9711 1.9582 1.9502 1.9534 1.9467 1.9453 1.9643 1.951 1.9499 1.9523 1.9502 1.9555 1.9531 1.9558 1.963 1.9639 1.9634 1.9623 1.9635 1.9569 1.9431 1.9342 1.9206 1.9348 1.9296 1.9293 1.9317
Chart:
http://img471.imageshack.us/img471/9771/3lb2iu9.th.jpg
Nothing is hard, some things just take more time and discipline.
  • #44
  • Mar 12, 2007 1:06am Mar 12, 2007 1:06am
Quoting NipthePips
It seems like you are counting 4 blocks back instead of 3.


But anywho, here is my stab at it.

List of Daily close (InterbankFX mini):
1.9607 1.9703 1.974 1.9736 1.9738 1.9768 1.982 1.9678 1.9648 1.9592 1.9614 1.9613 1.9619 1.9636 1.9664 1.9672 1.9654 1.9606 1.9708 1.9711 1.9582 1.9502 1.9534 1.9467 1.9453 1.9643 1.951 1.9499 1.9523 1.9502 1.9555 1.9531 1.9558 1.963 1.9639 1.9634 1.9623 1.9635 1.9569 1.9431 1.9342 1.9206 1.9348 1.9296 1.9293 1.9317
Chart ( I counted 3 blocks back instead of 4...i think)

http://img85.imageshack.us/img85/4148/3lbxl7.th.jpg
Dear NipthePips
Thank you for your try, but I did not underestand why you draw the chart in this way. Anyway I begin with coloring your numbers:

1.9607 1.9703 1.974 1.9736 1.9738 1.9768 1.982 1.9678 1.9648 1.9592 1.9614 1.9613 1.9619 1.9636 1.9664 1.9672 1.9654 1.9606 1.9708 1.9711 1.9582 1.9502 1.9534 1.9467 1.9453 1.9643 1.951 1.9499 1.9523 1.9502 1.9555 1.9531 1.9558 1.963 1.9639 1.9634 1.9623 1.9635 1.9569 1.9431 1.9342 1.9206 1.9348 1.9296 1.9293 1.9317

Attached Image


P.S.: I draw the chart based on NIpthePips prices and did not check them.
Positive Thinking
  • #45
  • Mar 12, 2007 1:32am Mar 12, 2007 1:32am
Quoting Fun Trader
Dear NipthePips
Thank you for your try, but I did not underestand why you draw the chart in this way. Anyway I begin with coloring your numbers:

1.9607 1.9703 1.974 1.9736 1.9738 1.9768 1.982 1.9678 1.9648 1.9592 1.9614 1.9613 1.9619 1.9636 1.9664 1.9672 1.9654 1.9606 1.9708 1.9711 1.9582 1.9502 1.9534 1.9467 1.9453 1.9643 1.951 1.9499 1.9523 1.9502 1.9555 1.9531 1.9558 1.963 1.9639 1.9634 1.9623 1.9635 1.9569 1.9431 1.9342 1.9206 1.9348 1.9296 1.9293 1.9317

Attachment

P.S.: I draw the chart based on NIpthePips prices and did not check them.
If you look at the second chart i posted, it is actually closer to the one you have

Also it seems that a few of the numbers from the beginning got cut off. there were a couple of other numbers that i based my chart off of, 1.9442, 19585, 1.9600,1.9642 and a few others. I believe that I understand the 3lb charting method a little better, because since then i have redone my chart. But like i said my second one was closer
Nothing is hard, some things just take more time and discipline.
  • #46
  • Mar 12, 2007 1:45am Mar 12, 2007 1:45am
In order to underestand better I start drawing online TLB chart for NZDUSD M5.

last candle close is 0.6933
Positive Thinking
  • #47
  • Mar 12, 2007 1:45am Mar 12, 2007 1:45am
This was the original set of numbers

1.9442 1.9585 1.96 1.9642 1.9607 1.9703 1.974 1.9736 1.9738 1.9768 1.982 1.9678 1.9648 1.9592 1.9614 1.9613 1.9619 1.9636 1.9664 1.9672 1.9654 1.9606 1.9708 1.9711 1.9582 1.9502 1.9534 1.9467 1.9453 1.9643 1.951 1.9499 1.9523 1.9502 1.9555 1.9531 1.9558 1.963 1.9639 1.9634 1.9623 1.9635 1.9569 1.9431 1.9342 1.9206 1.9348 1.9296 1.9293 1.9317
Nothing is hard, some things just take more time and discipline.
  • #48
  • Mar 12, 2007 1:52am Mar 12, 2007 1:52am
Quoting Fun Trader
In order to underestand better I start drawing online TLB chart for NZDUSD M5.

last candle close is 0.6933
candle closed at 0.6937
This is the first positive TLB Block
Positive Thinking
  • #49
  • Mar 12, 2007 1:55am Mar 12, 2007 1:55am
Quoting Fun Trader
candle closed at 0.6937
This is the first positive TLB Block
Attached Image
Positive Thinking
  • #50
  • Mar 12, 2007 1:57am Mar 12, 2007 1:57am
Quoting Fun Trader
candle closed at 0.6937
This is the first positive TLB Block
I have slightly different numbers, but I am following along right with you

So far i got

.6931, .6935, .6931
Nothing is hard, some things just take more time and discipline.
  • #51
  • Mar 12, 2007 1:59am Mar 12, 2007 1:59am
Next candle closed at 0.6933. This is nether higher than 0.6937 nor lower than 0.6933.
So it's not a vlid candle. we draw nothing
Positive Thinking
  • #52
  • Mar 12, 2007 2:02am Mar 12, 2007 2:02am
08:00 CET
Next candle closed @ 0.6931.
This is a negative TLB Block
Positive Thinking
  • #53
  • Mar 12, 2007 2:05am Mar 12, 2007 2:05am
08:00 CET
Next candle closed @ 0.6931.
This is a negative TLB Block

Attached Image
Positive Thinking
  • #54
  • Mar 12, 2007 2:07am Mar 12, 2007 2:07am
8:05 CET
Next candle closed @ 0.6931
This is neither higher than 0.6937 nor lower than 0.6931 so we draw nothing
Positive Thinking
  • #55
  • Edited 2:22am Mar 12, 2007 2:11am | Edited 2:22am
08:10 CET
Next candle closed @ 0.6933
This is neither higher than 0.6937 nor lower than 0.6931 so we draw nothing
Positive Thinking
  • #56
  • Mar 12, 2007 2:19am Mar 12, 2007 2:19am
08:15 CET
Next candle closed @ 0.6935
This is neither higher than 0.6937 nor lower than 0.6931 so we draw nothing
Positive Thinking
  • #57
  • Mar 12, 2007 2:24am Mar 12, 2007 2:24am
08:20
Next candle closed @ 0.6933
This is neither higher than 0.6937 nor lower than 0.6931 so we draw nothing
Positive Thinking
  • #58
  • Mar 12, 2007 2:33am Mar 12, 2007 2:33am
08:...
Price has not exceeded two mentioned levels so we sit aside. This is one of advantages of TLB method which filters range markets.
Positive Thinking
  • #59
  • Mar 12, 2007 2:45am Mar 12, 2007 2:45am
08:45 CET
Next candle closed @ 0.6940
This is a positive TLB block.
Positive Thinking
  • #60
  • Mar 12, 2007 2:48am Mar 12, 2007 2:48am
Quoting Fun Trader
08:45 CET
Next candle closed @ 0.6940
This is a positive TLB block.
Attached Image
Positive Thinking
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