The short haul 24+ pip Harmonic Fall Line was struck yesterday. The longer haul (over 100 pip move) is still pending and is now roughly 5-7 pips outside (draw) the most optimal early entry level (the max extension point of daily O:L on 9/4/14).
I think this is one of the very first large structure B2i that I have posted here that also coincides with a large news vector moving in the opposite direction. So, this will be a good test for the Version 1.0 B2i.
As you can now see, this M5 OS1 stabilizer (Green and Red lines) has now cross over to the down side and has a fairly convincing angle with good separation developing, so that also cuts against the probability of reaching the standard fall line ahead of the 3-day schedule.
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
For comparison purposes, the current Real-Time (Dynamic) D1 B2i and its Fall Line are juxtaposed against the larger D3 B2i. The Real-Time B2i will change its shape as new Lows or new Highs are established before the end of the 9/5/14 trading session and that will of course, move the location of its corresponding Fall Line as well - so what you see here may change as price moves - which is what a leading edge "Real-Time" indicator does until the structure closes.
Thanks for sharing your approach of trading. Innovant approachs are the most interesting in trading... Does your "funny rectangles" works for gold? or only currency? (same strcutures of the both or gold have a particular structure?)
Ignored
No problem and thanks.
I have not applied any studies of this particular indicator to any other market with any degree of drive or sincere interest. I have my hands full with managing seven major currency pairs when I am actively involved in daily production level trading (taking some time off right now). I have always wondered how my trading system would do using other market data.
The idea for me is to try and trade markets that are the least manipulated by the fewest number of market participants or "unknown unknowns." A man walks into Lowe's, stumbles on a crack in the concrete just a fraction inside the door, falls down and suffers a concussion. That incident would most likely happen in a store nowhere near where you live and even if it did, it would be highly unlikely that you would ever know anything about it.
You go to your computer and take a Long position on LOW at $53.40. Of course, you cover yourself and offset some of your initial costs by simultaneously by Selling a requisite number of Puts. Lowe's gets hit with a $50 million civil liability lawsuit and the stock takes a nose dive. You get flat on your market positions but your Puts get exercised and you now face overall losses. Of course, there are many other strategies one can use to mitigate risk with options, but I'm only making a simple point. You switch to McDonald's MCD at $92.82 and start Selling Puts ahead of news that McDonald's will beat expected earnings to gain back some internal cost basis on your LOW losses (you are trying to establish compensating balances inside your account). McDonald's then makes a "surprise" announcement that it will be cutting costs by 3% across the board, but that it will miss earnings by 13%. The stock moves down below strike and you are once against behind the power curve bleeding money.
In both scenarios, the underlying was manipulated by unknown unknowns as well as isolated events that no one could have seen coming. In the currency markets, significant moves are typically known and known ahead of time in most cases. Individual and localized causes are typically not enough dominate price for prolonged periods of time. The major market moving causes are mostly known events with only occasional surprises along the way. For this reason, I have not spend much time evaluating equities and other instruments like bonds don't typically have the volatility I need or the pricing structure to make my Revenue Model happy (of course, this really all depends on leverage and total cost basis per trade, etc.)
I'm very happy with the seven major pairs I track right now and have been for quite some time now.
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
There's nothing new about this pattern and there's nothing wrong about it either.
Just like any other patterns or any other system/strategy.... sometimes it works, some other times it doesn't...
You can listen to the naysayers as their voices are a dime a dozen. Or, you can start doing the homework that is necessary to give you real insight into how the market behaves and how to capitalize from that behavior on a more consistent basis. Naysayers know how to one thing, Naysay. Their actual trading results may vary (pun intended).
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
There's nothing new about this pattern and there's nothing wrong about it either. Just like any other patterns or any other system/strategy.... sometimes it works, some other times it doesn't... It's just how trading works...
Ignored
Version 1.0 is all you have here and its accuracy (when traded correctly) is above 67%. Version 5.x which you do not see anywhere in this thread is running at 91.28% as of the time/date of this posting (its accuracy fluctuates between 89% to 97% regularly).
Point to a link anywhere on the internet, a book in any bookstore, a lecture given anywhere in the world, a seminar advertised on any television channel or network in the world, where this structure has previously been exposed to the public before the data on the start of this thread and I will give you my trading system in its entirety AND I will personally teach you how to use it in your home or office for as long as you need the training and instruction.
Deal?
B2i has never existed in public until I brought it into the public. If someone else now (all of a sudden) wants to lay claim to my work, they will have to prove that they got to the concept before I did and that should be very easy to accomplish.
I will fly out to your home or office and stay in a nearby hotel until you are fully up to speed on my trading system.
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
{quote}Point to a link anywhere on the internet, a book in any bookstore, a lecture given anywhere in the world, a seminar advertised on any television channel or network in the world, where this structure has previously been exposed to the public before the data on the start of this thread and I will give you my trading system in its entirety AND I will personally teach you how to use it in your home or office for as long as you need the training and instruction. Deal?
Ignored
Hey iDouble,
Is this deal for real? I have seen something similar and if you are for real I can show you.
It is not called B2i, but something very similar, you obviously have more complete versions, but the idea is out there.
DISCLAIMER: I DO NOT ENDORSE ANY PRODUCT AND/OR SERVICE ANYWHERE IN THE KNOWN UNIVERSE. That should just about cover all products and services sold on planet earth, or within the Milky Way Galaxy.
I going through some YouTube videos in search of something inspirational for the novice Traders her in this thread and came upon a video with a guy who is known as FX Viper, or something like that. He is apparently being interviewed for an FX signal service (read the disclaimer above). At the start of the video, you can see Viper, trading a new announcement. You can also see his primary screen (one of six screens). The man obviously has a tight set-up. I use one (1) screen at 27 inches. I am getting ready to shift to a three (3) screen set-up after expanding my office, each at 50 inches mounted on the wall across the room. I like big screen action. Anyway, I digress.
So, I have never watched this video before and at 3:16 in the video, I hit pause and looked at Viper's screen. I then decided to draw a simple B2i (Version 1.0, of course) using his screen on YouTube. So, the angle is a bit weird looking but you can still see the structure:
I have no idea what is going to happen, but I am interested in seeing how this pans out. I am now going to continue the video to see how this turns out:
Here's the original video:
Inserted Video
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
Interesting, indeed. If you watched the video, you will note that Viper missed his exit for approximately 10 - 12 pips. I did not know it, but apparently, he's a scalper, which makes this whole experiment just that much more compelling. Here's why:
I could not get M15 data out of my MT4 test platform to go back as far as 2014.03.27, but I was able to get M30 data for that date and time. Above is the actual MT4 chart for USDCAD M30 showing two (2) Hybrid B2i structures and their associated Standard (Neutral) Fall Lines. Viper, was upset that he missed his target, but if he had prior knowledge about the markets actual short term structure, he would have known that he had a high probability for doing much better than his target. He is a scalper, so he most likely would not have held that long, but at least he would have known where the high probability short-term vectors resided in USDCAD at that time.
Instead of 10-12 pips, he could have been in the money for about 37 pips. More than triple his normal take on a trade.
- I did not watch the video to the end before drawing the B2i structure.
- I used MT4 M30 data to verify the prices levels on 03.27 and 03.28 when both Fall Lines were struck
Just plucked randomly from thin air, even a video off of YouTube on a currency pair that I don't even trade, demonstrates the viability of B2i and that is just at the Version 1.0 build.
Is this a first for this forum? Has anyone ever picked out a YouTube video, looked at the chart that someone else was trading, drew their indicator on that chart and then validated the trade in sequence by playing the video forward? I've never seen anyone do that before - this might be a first for B2i.
LOL! You gotta luv it.
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
It is not called B2i, but something very similar, you obviously have more complete versions, but the idea is out there. Let me know. Thanks for sharing. MM
Ignored
I called it that because I did not see anyone else doing it, or having a name for it. Yes, post a link!
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
{quote} Want me to PM you or in this thread? Also I will reiterate, it's not identical, but similar. MM
Ignored
No. You made a public statement that B2i is not new. Therefore, I am wide open to learning what you know. Apparent, I stole someone's idea and claimed it my own creation. So, now. My interest it peaked.
I published B2i Version 1.0 publicly and have no problems with any corrections of First Claim being made, if those claims are genuine. So, please, by all means, make the link publicly available.
Keep in mind. I am just as eager as anyone (more so) to find out if someone else was using the same concept. You know say it is not identical. Well, how much differential in design are we talking about: 1%, 10% 80%? I'd like to see it to evaluate it for myself, if you don't mind. Post it right here - have no problem with that.
Thanks!
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
Keep in mind, we've already had someone come in and say that B2i with Fibonacci Fans was a take from Beck's Emblem. After I showed the clear differences inside this thread, there was no rebuttal because there was no comparison to make.
We are dealing with charts in two dimensions. A lot can look similar while having massively different design intent. Beck's Emblem is good, it is just not B2i and the logic behind it is completely different.
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
Funny Looking Rectangles & Useless Drivel
