Anybody have a chart they want to throw at me?

What is the market valuation of Gold in this chart? What is the Per Tick Value? What is the Unit type called (are you buying/selling fractions of Gold Units or some other kind of unit of measure)? How are you measuring your Risk/Reward in these Gold trades (one Unit bought or sold = $X,XXX.XX)

Basically, how are you getting paid - that's the bottom line. When I trade a currency pair, my PPV (Per Pip Value) is $100, $1000, etc. All dependent on the Cost Basis (the amount used to execute the trade) in the position and the leverage used (minus the spread - if there is one).

Thanks.

Last note for the day.

CAD is a D6 B2i Structure. We are current two days into the move and have covered more than 60% of the distance. That's way ahead of schedule. Sometimes, fulfillment takes longer than the time frame of the structure itself. As long as Projection 61.8 Line headed to the target does not get significantly violated, the position is "Hold" until either a News Vector comes along to disrupt the structure, or there is another need to simply book existing profits and move on.

Is that "the" JR97- the one I used to see all the time online many years ago? Have not seen you in over 10 years. Good to see you are still in the game - make that, in the business.

Good night.

Today's Recap

EURUSD: Multiple B2i target strikes. Both D1 and D2 Fall Lines struck. No target adjustments necessary.

http://i62.tinypic.com/296lmoy.jpg


USDCAD: Worked out nicely, but you had to have drawn the New Real-Time B2i Structure in order to have been called out of the Short trade and into the new Long position that worked out very well. Notice the price action with respect to the Old and New B2i structures. When the Real-Time B2i Structure emerge at the end of the trading session and just at the point of the Early Warning Entry Window level, the new Standard Fall Line to the upside emerged coupled with a new Harmonic Fall Line, both projecting a Long entry. Unfortunately, this did not take place until I logged off yesterday, so I was not able to draw it out.

Roughly +80 pips on the D6 B2i Short, +18 pips on the Real-Time D1 B2i Long and holding on for a total of about +60 pips on the D1 B2i Harmonic Long. Total potential: 140 pips (includes the 18 pip trek up to the Harmonic target). Not bad performance for nothing more than two combined indicators.

http://i61.tinypic.com/20kavxk.jpg


The Real-Time B2i of USDCAD was formed when I was unable to manually update. If I were trading USDCAD (which I am not), my system does the updates automatically in real-time, as well as all real-time target adjustments based on lower level B2i structures that may be forming underneath. There is no way for my to post all that in real-time, but you should get the idea of how B2i works in a conceptual sense from what I have posted thus far.


Gold: Going a little deeper down the rabbit hole we find another use for the B2i Structure. Recall, the previous screen shot's indication that Gold already had dominant directional bias to the downside. Recall, that screen shot (above) indicated that Gold was in a Sell the Rally mode. Often times, trend traders want to know where they should re-enter the market already having directional bias. B2i can help provide that answer. Notice the chart:

http://i58.tinypic.com/a1mw02.jpg

My system does this automatically, but for illustration purposes here, I have drawn it out for you. Notice the B2i Structure printed yesterday. When the market already has directional bias (in this case it was to the down side as noted yesterday), the B2i Primary Legs can assist in locating good re-entry levels. In this B2i structure, the Primary Leg O:L was used as the range for a 127% Fibonacci re-entry level. Again, demonstrating that usefulness of the 127 to 161.8 range and it apparent influence in the market.

That re-entry level was respected in an M15 Gold market that already contained short side directional bias. B2i is a very flexible tool and it and it has many uses in certain Market Phase conditions.


Oil (WTI) Crude: Not as expected but it turned out ok. The Inverse B2i Structure signals a reversal typically with sharp price action away from the Fall Line. I don't trade Oil, so I am not familiar with its data properties. However, I do see that B2i seems to work well with Oil. As stated yesterday, I do not trade the Fall Line target with Inverse B2i Structures because of the lower probability and the pressure the structure shows empirically to rocket in the direction opposite the Fall Line, which is exact what we saw here. I am sure this trade surprised some people, almost splitting the volatility in half directionally in a 24 hour period.

So, the idea with Inverse B2i is to trade in the opposite direction of its Fall Line in the aggregate.

http://i57.tinypic.com/11mgh7k.jpg

Small update on Crude profit level.

http://i57.tinypic.com/2n7qvk1.jpg

One more point about the current Real-Time H3 B2i on Oil. Since I do not trade oil, I don't have its data loaded into my system. Nor, do I have any of the indicators necessary to predict the shape of the B2i structure before it completes (Version 5.x). So, What you are seeing here is the "Real-Time" as real-time as I can make it on a forum where you post pictures. It really does not approximate the dynamic nature of the trading system, but it does highlight the basic points.

If it makes a new structural Extreme Point, I will try to keep up with it while I do other things and update the pic.

Revisiting Euro Chief

Again, the data that makes up Euro Chief simply does not have the kind of vibrant volatility and directional consistency necessary for me to trade outside of using it for strictly news or event driven trades - which I do not engage in on a regular basis. An 18 pip range won't cut the mustard or pay the bills.

The Chief is one of those dumping ground abandoned cars left on the side of the road with some fuel and and a functioning engine and a leaking transmission. The gear box is fried and the clutch is almost gone. There is very little engine oil and the radiator fluid is missing, so you use distilled water and alcohol instead. There is no stereo and if it did work, it would be 8-Track only, playing nothing but Rolling Stones hits from the late 60's. One headlight is missing and there are no brake lights, so make sure you don't need to make an emergency stop in heavy traffic. The cloth seats are warn out and half of the entire back seat is missing. There is no windshield, so use a motorcycle helmet with a face shield to keep the bugs out of your teeth. The tires are down to highway transportation safety minimums running at 12 psi on all four corners.

Basically, you tactically trade the Chief when you have absolutely nothing else better to do and no other form of entertainment within the next 100 mile radius.

If you are up on Chief moving news, then have fun!

http://i59.tinypic.com/nwc609.jpg

Hi,mate price hit the designed area from yesterday, but with a big drop before that.so my question is : when price break the lower(higher) point of the box is that invalidated the setup or not. For example ,what price done today in Crude oil?Z

Hey,
I would really like to know what you think about:
- palladium / platinum
- USD/RUB

d1 / h1 analysis would be great

I expect a USD/RUB reversal very soon...

Not sure about platinum / palladium reversals.

EURUSD: New Real-Time D1 B2i with Harmonic Confluence Target. Currently Seeking Entry Trigger

http://i57.tinypic.com/s47t69.jpg

Chart explains.

Oil: Update

http://i59.tinypic.com/11rve6h.jpg

Stepping away to take care of something offline.

What's wrong with the Stones? Their very best material is from the 60's!

What B2 version is tracking high/lows while they are just formed? Currently there is 1H or 1D or 5D box, but what about drawing it if price has established new high or low?

Thanks!

B2i are being created in all time frames all the time. When I post these things, I am not able to replicate the real-time nature of all B2i in all time frames, so I look for what think is the most likely (not having all the historical data running through my signal engine like I do for the pairs I trade) and then offer it as an example.

So, really, you would need to learn the fundamentals of B2i, learn how to spot B2i on the same chart in multiple locations so that you can plot their associated Fall Lines and then learn how to do the same thing while tracking all of the relevant B2i in multiple time frames. Of course, that's what a good trading system does. B2i is one of one hundred and seventeen different indicators running in my signal engine. So, the integration aspects that refine and optimize B2i, is not something that I can replicate for you.

What this does, is it gives you some insight into a fairly good indicator in its first generation of development. With that information, you can develop some of your own off-sets, triggers and filters in a manner that you see fit. So, what you are seeing here are Static B2i that I can paint on a chart in a forum, not the dynamic B2i that is integrated with 116 other indicators inside a signal engine. Thus, fully answering your question would be difficult at best.

Here is something that I hope helps:

http://i57.tinypic.com/11mgh7k.jpg

I used the M1 time frame to locate a good Trigger Level for the trade you posted yesterday and so I could see the detailed price action. I then explained what took place in the chart and inside the post. So, in that example, I used a smaller time frame B2i (M1) to locate a Trigger for the trade. It was a little creative, sorry if it confused you.

Re-read that post, that should help a bit. This was an Inverted B2i, which I explained for the first time yesterday in this thread relative to your original post. Hope that helps.

The other point to make is the deviation from the Entry Window to the maximum draw level before price moves to the Fall Line target. The average deviation can only be known with historical analysis of B2i structures. This is where observations made in your MAE/MFE analysis comes into play and helps you figure out more optimal entry points and better target areas.

It also gives you an empirically based expectancy. This requires tons of homework, if you want that kind of insight. Frankly, as a Trader myself, if I am going to use an indicator, then I have to run it through a full battery of optimization work that includes MAE/MFE analysis. That helps me understand what an indicator is truly capable of doing. The good, the bad and the ugly are revealed and I am not deluding myself statistically about what the indicator is capable of.

Thanks for the input, I will read the other threads first , to get more familiar with the basic stuff of what you trying to show us here. Thanks again and keep posting, please.

There is probably nothing wrong with the Stones:


It probably depends on which decade you grew-up in:


In the case of Chief, I don't think it would matter what was playing.


B2i does no tracking on its own. It is supported by a host of other Delta Class Indicators that do a good job of measuring intra-bar volatility in all time frames. All integrated inside the signal engine.

The system tracks each and determines which has the highest probability. The Fall Lines that allow for minimum net profits and that have the least amount of risk (empirically derived) are ranked, sorted and called into a decision support engine that ultimate sends the signal to the final filtration (voting system) stage before being displayed inside the Trade Panel GUI. I can do the basic here, but that's about all.

Take note of the EURUSD and USDCAD examples that have been posted in this thread. They show evolving B2i (as best as I can do in a forum) and their associate Fall Lines. You can see how price behaves around the Standard Fall Lines and the Harmonic Confluence Fall Lines and you can see how price behaves once a new B2i is locked and loaded (USDCAD was a great example of that today). If a new high or a new low is established, then you extend the structure's maximum extremes until the end of the time frame you have selected for the structure.

You are welcome!

Back to Oil:

The internal push is on and the internal strike on the Harmonic Confluence Fall Line is done. Not a great trade in terms of profit, but it is all about conformance right now as the Standard Fall Line is the real target on this one. Because, the Harmonic Confluence Fall Line was so close to the top of the structure, it might not meet profit expectations, but its location relative to the Standard Fall Line, being below the top of the structure, provides directional input to the equation. Ideally, on a Short, you want the Harmonic Confluence Fall Line to be closer to the Standard Fall Line. That provides Fall Line Synergy and increases probability according to historical analysis.

Trying to sequence this for you.

From this:
http://i57.tinypic.com/11mgh7k.jpg

To this:
http://i57.tinypic.com/2n7qvk1.jpg

To this:
http://i58.tinypic.com/2db1lc2.jpg

Hi iDoubleStoch, thanks for reviewing my chart I posted. I used the rectangle on a sell, EURUSD M5 chart this morning and it worked out great for 22 pips. It might have helped that the lower line of the rectangle was sitting at the 200 SMA and a round number 1.29200. Anyway, thanks again, you're a great help to me.