{quote} i map my chart out with all the big levels.these are monthly weekly daily 4 hour .i take the average of each one of these at the start of the week. i look for convergence of these averages.
Ignored
Thanks for explaining your method to us Diceman it's very interesting. When you get a moment could you please explain more about these calculations? I may be dense, but I still don't understand how you calculate these averages.
stopped out for + 13,i had plenty of warning to close this 72 level,the values switched direction and cable delayed,listen to the signs ,kick up my arse
{quote} Thanks for explaining your method to us Diceman it's very interesting. When you get a moment could you please explain more about these calculations? I may be dense, but I still don't understand how you calculate these averages. Thanks Pete
Ignored
hi Pete,
Averages
i take the average from the high low close and open from yesterdays closed candle add the 4 prices and divide by 4 ,daily,repeat for weekly and monthly.these are static.
take the calculation from each new swing,the lead candle.adjust as required,i do this for 4 hour 1 hour and 15 mins,in slow markets ill come down to 5 and 1 min.these are non static,adjusting with flows
what were looking for is these levels to converge,
now the problem is ive only given you half the answer,i havnt posted as yet the calculation for the split highs and lows ,the extremes and the cycle completion for a given cycle.not that its shrouded in secrecy or mystery its the key to my trading and im still working on it,but im almost there .the splits are using past data to calculate the levels were orders are clustering,they at times will converge to one price level on multiple time frames.
i will post these when i feel they have total merit and hold worth,
pivots are ok to use for extensions ,but what any of these levels dont do is show you the now moment of money flows,if one spends the time to understand the value changes and the flows they show one could trade with out looking at a chart.im guilty of ignoring the signs and hence get many b/e when 10 to 15 pips are offered.its mistakenly viewed in the wrong way in the the correlated way
