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EURUSD

  • #481,981
  • Jul 6, 2011 3:40pm Jul 6, 2011 3:40pm
eyes on 4318/19
those who can, do. those who cant, talk about those who can
  • #481,982
  • Jul 6, 2011 3:42pm Jul 6, 2011 3:42pm
Quoting gatorinla
eyes on 4318/19
+++++++++++
  • #481,983
  • Jul 6, 2011 3:42pm Jul 6, 2011 3:42pm
Quoting pennies
Where do you trade oil? Always wanted to, but never really got into it to to much.
you just need one thing to trade. you can make a living right here.
those who can, do. those who cant, talk about those who can
  • #481,984
  • Jul 6, 2011 3:43pm Jul 6, 2011 3:43pm
Quoting FX-Ray
Exactly, itīs the 1 hours period over 120 Candles which equals a week.
Every 1-Hour Candle generates 62 Observations. 120 1H-Candles generates 120x62=7740 Observations. The Graph is up to date. EUR/USD is at a down extreme, might reverse. Tends to trade to the Equilibrium which equals the hights bar of observations. But you know.. anything can happen :-)
Hmm, but maybe 1 week is too short. And also, I do not need this chart to see where most volume has been traded.

If you had made this chart on the 6th of May and bought @ 4550 (or maybe day before even higher), you would have been screwed.

So the problem with accumulation and distribution is, what TF do you need to look at...

I think this approach (just like the acc./dist. approach) works better on individual stocks.
  • #481,985
  • Jul 6, 2011 3:46pm Jul 6, 2011 3:46pm
Quoting cloggie
AS you like your stats, you should have a look at PnF's you may like it.
You might laugh but itīs hard for me to understand them
I just know itīs time-independent and just draws if a specific range ist traded. After the actual project Iīll give it a try.
  • #481,986
  • Jul 6, 2011 3:46pm Jul 6, 2011 3:46pm
Quoting gatorinla
eyes on 4318/19
upper mofu... a good place for a rejection..4318.6
those who can, do. those who cant, talk about those who can
  • #481,987
  • Jul 6, 2011 3:47pm Jul 6, 2011 3:47pm
Quoting FX-Ray
Exactly, itīs the 1 hours period over 120 Candles which equals a week.
Every 1-Hour Candle generates 62 Observations. 120 1H-Candles generates 120x62=7740 Observations. The Graph is up to date. EUR/USD is at a down extreme, might reverse. Tends to trade to the Equilibrium which equals the hights bar of observations. But you know.. anything can happen :-)
hi - that chart is impressive - could you provide me with some kind of mt4indicator or some program which produces this kind of chart?

Thx
  • #481,988
  • Jul 6, 2011 3:50pm Jul 6, 2011 3:50pm
can someone tell me the definition of mofu??
  • #481,989
  • Jul 6, 2011 3:50pm Jul 6, 2011 3:50pm
Quoting gatorinla
upper mofu... a good place for a rejection..4318.6
atm if we dont get to 4318.7 and touch 4307.. then we get below 4310 the st target.. we should continue.. st... 4266 is still untouched.
those who can, do. those who cant, talk about those who can
  • #481,990
  • Jul 6, 2011 3:51pm Jul 6, 2011 3:51pm
Quoting kenfen69
PooOnTheRug's in da house!

Attachment
Yup

just cleaning up the mess I made after selling my short at 50% of todays drop and watching it keep going .. booo!
Not on the rug!
  • #481,991
  • Jul 6, 2011 3:52pm Jul 6, 2011 3:52pm
Quoting timeandprice
can someone tell me the definition of mofu??
Ask ur mum

(or the search)

Sorry, I couldn't tell you, that's why my reply's lame
  • #481,992
  • Jul 6, 2011 3:52pm Jul 6, 2011 3:52pm
At the chance of sounding like a goose, what is mofu. i see the term used alot on here.

Also are saying rejection to the upside and expecting more decline?

Mitch

Quoting gatorinla
upper mofu... a good place for a rejection..4318.6
  • #481,993
  • Jul 6, 2011 3:53pm Jul 6, 2011 3:53pm
Quoting Mr. Aldi
Hmm, but maybe 1 week is too short. And also, I do not need this chart to see where most volume has been traded.

If you had made this chart on the 6th of May and bought @ 4550 (or maybe day before even higher), you would have been screwed.

So the problem with accumulation and distribution is, what TF do you need to look at...

I think this approach (just like the acc./dist. approach) works better on individual stocks.
In case I just look for 50-100pips moves 1 week data is enough. Am using extrem conservative money mangement. My stop is never bigger than 10pips.
The problem by statistics is, the more data you have the more redundancy data you get. I had to find the healthy balance between the lenght of the timeframe (120x1h) and the number of observations(calculated of the 1h candle). For the 1h TF 1 week data is ok. For example, the daily stats 1 - 2 month is ok.

  • #481,994
  • Jul 6, 2011 3:56pm Jul 6, 2011 3:56pm
Quoting Mr Hatch
I have no idea... the chart caught my eye by its beauty. What he does there is beyond me.

btw: what's the definition of 'observation'?
An Oberservation could be High/Lows, Pivots, Averages, S/R.. there no limitation.

Picture below: Data for 1 week calculated of 120 1H candles.
Attached Image (click to enlarge)
Click to Enlarge Name: data.jpg Size: 149 KB
  • #481,995
  • Jul 6, 2011 3:56pm Jul 6, 2011 3:56pm
Quoting gatorinla
atm if we dont get to 4318.7
Sorry for asking, but if we would have gotten till 4318.6, would this statement still evaluated as false? I know you're a scalper, but PA doesn't listen to the pipette to the levels, so not necessary to quote it?

@FX-Ray, thanks for your explanation :-)
  • #481,996
  • Jul 6, 2011 3:58pm Jul 6, 2011 3:58pm
Quoting gatorinla
atm if we dont get to 4318.7 and touch 4307.. then we get below 4310 the st target.. we should continue.. st... 4266 is still untouched.
void.. we might take a shot at 4339 now.. to 4346.. its up to 4338.. and the bear wedge
those who can, do. those who cant, talk about those who can
  • #481,997
  • Jul 6, 2011 3:58pm Jul 6, 2011 3:58pm
Quoting Mr Hatch
I have no idea... the chart caught my eye by its beauty. What he does there is beyond me.

btw: what's the definition of 'observation'?
observation would be something that you hit/see/get/etc.. like a value. lets say 1.5 or 1.4 or 1.4440. doesnt matter. now every time you hit the price, you observe it. essentially you may have some restrictions or if statements.

lets say when t=0 price is 1.4439 and t=1 price is 1.4440 and t=2 price is 1.4440.

therefore.. [0,2] (from 0 to 2 inclusive) 1.4440 was observed once. because at t=1 price was 1.4440. you can conclude that from t=0 to t=2 1.4440 was ovbserved once. thats a very simplistic definition.

now he takes a bunch of values over a period of time, counts them and graphs them. this graph indicates a normal distribution over equal periods of time. (thats where empirical kicks in). highest bars in the middle indicate that you have the largest amount of observations right around 50%.

I am bit skeptical about using it in trading fx.. I would have to investigate it a bit more, but I am intrigued.
  • #481,998
  • Jul 6, 2011 4:00pm Jul 6, 2011 4:00pm
this double bottom needs a kick to get going
  • #481,999
  • Jul 6, 2011 4:01pm Jul 6, 2011 4:01pm
Quoting darimik
observation would be something that you hit/see/get/etc.. like a value. lets say 1.5 or 1.4 or 1.4440. doesnt matter. now every time you hit the price, you observe it. essentially you may have some restrictions or if statements.

lets say when t=0 price is 1.4439 and t=1 price is 1.4440 and t=2 price is 1.4440.

therefore.. [0,2] (from 0 to 2 inclusive) 1.4440 was observed once. because at t=1 price was 1.4440. you can conclude that from t=0 to t=2 1.4440 was ovbserved once.

now he takes a bunch of values over a period of time, counts them and...
Well explained!
  • #482,000
  • Jul 6, 2011 4:02pm Jul 6, 2011 4:02pm
Quoting Mr. Aldi
Sorry for asking, but if we would have gotten till 4318.6, would this statement still evaluated as false? I know you're a scalper, but PA doesn't listen to the pipette to the levels, so not necessary to quote it?

@FX-Ray, thanks for your explanation :-)
who told you it don't?
those who can, do. those who cant, talk about those who can
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