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  • #823,881
  • Aug 10, 2013 1:22am Aug 10, 2013 1:22am
Quoting gatorinla
{quote} maybe they are maybe not. when we breached 3242 months back. 3739 became a target... when the usdx stopped just above 2007 (pre crash) b/o point. i choose to go usd bullish. all that stood in the was was eu 2743. 2743 held so i am wrong so far. all this was posted and this reason back at 3415 area. at the time 3420 was a underachieved st target.. i was short 340x, but didn't get the full Monty. we had a non symmetrical target for 3362 or 3418... the 3418 one has a 3099 retrace many times. as mentioned last time 3420 was untouched. sometimes...

Hi gator.. can I ask why 3739 is a target after 3242 breach? I drew a horizontal line and looked back on the daily(not NY closing Oanda) for 1-2 years i dont see 3739 being a turning point to be a S/R level.

Also, recently I had confirmation of how mofu has plotted (credits to ofwolfandman), how to do know which movement is more important than the other? In a long up swing, there a multiple smaller ups and downs too... You mentioned that the smaller ones get invalidated often, so do we build from small chart up or do we build it down. I remember you saying small charts build bigger charts but it's easier to spot bigger movements once we zoom out. Once zoomed in, it gets kinda confusing to read as well..
it is highly likely that i'm wrong... so dont follow me!
  • #823,882
  • Aug 10, 2013 1:38am Aug 10, 2013 1:38am
Quoting flam
{quote} Hi gator.. can I ask why 3739 is a target after 3242 breach? ..l..
Step 1: Take a calculator

Step 2: Deduct 3242 from 3739

Step 3: Divide the sum by 2

Step 4: Divide the resultant also by 2

Step 5: Add the resultant to 3242, then add again, then add again and then add one last time......... you get 3739

Step 6: Before you even think of laughing after reading the 5 above, check your charts. Do some additional calculations on your chart with the sum obtained in the Step three and see the magic.
The Thief of Wall Street
  • #823,883
  • Aug 10, 2013 1:44am Aug 10, 2013 1:44am
Quoting flam
{quote} Hi gator.. can I ask why 3739 is a target after 3242 breach? I drew a horizontal line and looked back on the daily(not NY closing Oanda) for 1-2 years i dont see 3739 being a turning point to be a S/R level...
If you don't mind me giving an answer, it works like this; Take the difference of 3242 & 2743/44 and add it to 3242
edit: Chicky's method will work fine, so you may ignore mine..
  • #823,884
  • Aug 10, 2013 1:46am Aug 10, 2013 1:46am
The bull and the bear. Do you know who is going to get screwed? .....................The bull indeed.
http://wallpaperaa.com/wp-content/up...Funny-Girl.jpg
The Thief of Wall Street
  • #823,885
  • Aug 10, 2013 1:48am Aug 10, 2013 1:48am
Quoting Chicky
{quote} Step 1: Take a calculator Step 2: Deduct 3242 from 3739 Step 3: Divide the sum by 2 Step 4: Divide the resultant also by 2 Step 5: Add the resultant to 3242, then add again, then add again and then add one last time......... you get 3739 Step 6: Before you even think of laughing after reading the 5 above, check your charts. Do some additional calculations on your chart with the sum obtained in the Step three and see the magic.
Hi, thanks for answering..

I dont get the input for step 3 from step 2.

where is the sum because step 2 is a difference.
it is highly likely that i'm wrong... so dont follow me!
  • #823,886
  • Aug 10, 2013 1:52am Aug 10, 2013 1:52am
Quoting OfWolfAndMan
{quote} If you don't mind me giving an answer, it works like this; Take the difference of 3242 & 2743/44 and add it to 3242 edit: Chicky's method will work fine, so you may ignore mine..
I dont mind at all! Thanks for your input.

Can I further 1 more question, so if the high was 3241 instead, we still get a 3737 target?
it is highly likely that i'm wrong... so dont follow me!
  • #823,887
  • Aug 10, 2013 2:02am Aug 10, 2013 2:02am
Quoting flam
{quote} I dont mind at all! Thanks for your input. Can I further 1 more question, so if the high was 3241 instead, we still get a 3737 target?
You're welcome Bro,
Yes, prices vary btw brokers, I think its better to stick with whats printed on our chart.
  • #823,888
  • Aug 10, 2013 2:24am Aug 10, 2013 2:24am
Quoting OfWolfAndMan
{quote} You're welcome Bro, Yes, prices vary btw brokers, I think its better to stick with whats printed on our chart.

Thanks! I'm trying to figure out the reason behind, so I'm guessing 2744 - difference is the southern target as well? In essence target is a place where the price might want to go but how it reaches is another story? And thats the reason why -2744 invalidates 3739 target?

My broker is Oanda, but the H4 and Daily dont close correctly, someone recommended P4L Time period to fix that but the downside is that there are not enough H1 candles to look back far enough.
it is highly likely that i'm wrong... so dont follow me!
  • #823,889
  • Aug 10, 2013 2:44am Aug 10, 2013 2:44am
Quoting flam
{quote} Thanks! I'm trying to figure out the reason behind, so I'm guessing 2744 - difference is the southern target as well? In essence target is a place where the price might want to go but how it reaches is another story? And thats the reason why -2744 invalidates 3739 target? My broker is Oanda, but the H4 and Daily dont close correctly, someone recommended P4L Time period to fix that but the downside is that there are not enough H1 candles to look back far enough.

You inferred correctly
I tried P4L Time period but cant figure out the required settings. Use an EST broker, one that closes at NY close.
I'm trying to find an est broker that gives 'reliable' USDX feed as well, If you know any, please let me know.
  • #823,890
  • Aug 10, 2013 2:55am Aug 10, 2013 2:55am
Quoting OfWolfAndMan
{quote} You inferred correctly I tried P4L Time period but cant figure out the required settings. Use an EST broker, one that closes at NY close. I'm trying to find an est broker that gives 'reliable' USDX feed as well, If you know any, please let me know.
a number of people including you mentioned that importance of your broker's values hence i stuck around to make it work..

it's quite easy as only 2 variables are important.

1) open your chart on H1 (this is your source chart do not change the time to H4 or M15, just leave it at H1 forever)
2) add P4L Time period.
3) Period Multiplier put 4 for H4 or 24 for Daily.
4) Time shift add (put in the values to adjust the chart correctly)
a) In oanda's case, -1 was use for h4 because it closing 1 hr too early and +7 for the daily (it closes at 00:00 -4 GMT, so by adding 7 hours it can close correctly, 1700+700 = 2400)
5) go to file open offline, you can see EURUSD-1,H4 and EURUSD+7,Daily
it is highly likely that i'm wrong... so dont follow me!
  • #823,891
  • Aug 10, 2013 3:23am Aug 10, 2013 3:23am
Quoting flam
{quote} a number of people including you mentioned that importance of your broker's values hence i stuck around to make it work.. it's quite easy as only 2 variables are important. 1) open your chart on H1 (this is your source chart do not change the time to H4 or M15, just leave it at H1 forever) 2) add P4L Time period. 3) Period Multiplier put 4 for H4 or 24 for Daily. 4) Time shift add (put in the values to adjust the chart correctly) a) In oanda's case, -1 was use for h4 because it closing 1 hr too early and +7 for the daily (it closes at 00:00...

It worked , Thanks a lot Bro..
  • #823,892
  • Aug 10, 2013 4:03am Aug 10, 2013 4:03am
Let's have a friendly guess.
Will there be a big gap on Monday opening? will it be up or down gap?

Comments and feedback welcome!
  • #823,893
  • Aug 10, 2013 4:06am Aug 10, 2013 4:06am
Quoting flam
{quote} Hi gator.. can I ask why 3739 is a target after 3242 breach? I drew a horizontal line and looked back on the daily(not NY closing Oanda) for 1-2 years i dont see 3739 being a turning point to be a S/R level. Also, recently I had confirmation of how mofu has plotted (credits to ofwolfandman), how to do know which movement is more important than the other? In a long up swing, there a multiple smaller ups and downs too... You mentioned that the smaller ones get invalidated often, so do we build from small chart up or do we build it down. I...
I sent you a pm...
  • #823,894
  • Aug 10, 2013 4:09am Aug 10, 2013 4:09am
Quoting OfWolfAndMan
{quote} If you don't mind me giving an answer, it works like this; Take the difference of 3242 & 2743/44 and add it to 3242 edit: Chicky's method will work fine, so you may ignore mine..
And now on to the 'rules' price has to obey to, before we enter/exit.
  • #823,895
  • Aug 10, 2013 4:29am Aug 10, 2013 4:29am
Quoting Mr Hatch
{quote} And now on to the 'rules' price has to obey to, before we enter/exit.
I'm all ears!
  • #823,896
  • Aug 10, 2013 4:34am Aug 10, 2013 4:34am
Quoting Mr Hatch
{quote} I sent you a pm...
May I request the same please?

MBS
  • #823,897
  • Aug 10, 2013 4:57am Aug 10, 2013 4:57am
Quoting OfWolfAndMan
{quote} I'm all ears!
Quoting Mr Hatch
And now move on to the 'rules' price has to obey to, before we enter/exit.
Inserted the missing word.
  • #823,898
  • Aug 10, 2013 5:19am Aug 10, 2013 5:19am
Quoting Mr Hatch
{quote} {quote} Inserted the missing word.
Are those rules already mentioned in this forum?
Attached Image
  • #823,899
  • Aug 10, 2013 5:42am Aug 10, 2013 5:42am
HI all,

just wondering if I am the only one who is seeing this...

is my broker retarded or is something up?

(btw: screenshot is from my demo account, the live one does not show this)

its been playing havoc with a robot system I am working on...

feedback appreciated

cheers

Attached Image (click to enlarge)
Click to Enlarge Name: eu wtf.png Size: 34 KB
90% of people, are wrong about 90% of everything, 90% of the time...
  • #823,900
  • Aug 10, 2013 6:22am Aug 10, 2013 6:22am
I think you got a problem with your graphics card, or it is raining.
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