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Why it is possible to predict price movement?

  • #341
  • Oct 24, 2015 9:29am Oct 24, 2015 9:29am
Quoting srt
Any thoughts?
Floor to ceiling perhaps?

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  • #342
  • Edited 11:29am Oct 24, 2015 9:38am | Edited 11:29am
Quoting simond2002
{quote} Floor to ceiling perhaps? {image}
Has this thought ever crossed your mind yet?

BTW, some of those legs are spread wider than they will print, for clarity purposes... (should it come to pass)

-CJ-
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A man is not defeated when he is beaten, he is defeated when he quits.
  • #343
  • Oct 24, 2015 9:47am Oct 24, 2015 9:47am
Quoting Captain Jack
{quote} Has this thought ever crossed your mind yet? -CJ- {image}
Hmmm, interesting. It hadn't crossed my mind.

Does the extrapolation of this pin have something to do with it?

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  • #344
  • Oct 24, 2015 9:51am Oct 24, 2015 9:51am
Quoting simond2002
{quote} Hmmm, interesting. It hadn't crossed my mind. Does the extrapolation of this pin have something to do with it? {image}
Nope.... not a thing.... that's why you should not be trying to do what you are trying to do

Gonna be one hell of a release out of that... nothing more than a large trapping volume wedge....

-CJ-
A man is not defeated when he is beaten, he is defeated when he quits.
  • #345
  • Oct 24, 2015 9:54am Oct 24, 2015 9:54am
Quoting Captain Jack
{quote} Has this thought ever crossed your mind yet? BTW, some of those legs are spread wider than they will print for clarity purposes... (should it come to pass) -CJ- {image}
And then, bam, down...
  • #346
  • Oct 24, 2015 10:06am Oct 24, 2015 10:06am
It's not about prediction it's about reaction.
  • #347
  • Oct 24, 2015 10:07am Oct 24, 2015 10:07am
Quoting Captain Jack
{quote} Nope.... not a thing....
I'm intrigued

This is how I would look at this pair using just a couple of horizontal lines. I tend to treat all PA the same whether it's an M15 chart or a MN chart such as this one.

The lower line I refer to as BRL or Breakout Reference Line (admittedly there's all sorts of (non-standard) terminology used in trading but BRL is something I've found makes sense to me): BRL because it's a fresh and untested breakout.

The upper line for me is now resistance because of the multiple tests and rejection.

I don't see anything on this chart that suggests to me at this point that price will form the trapping volume wedge - other than perhaps the resistance. Hmmm...

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  • #348
  • Oct 24, 2015 10:20am Oct 24, 2015 10:20am
Quoting simond2002
{quote} I'm intrigued This is how I would look at this pair using just a couple of horizontal lines. I tend to treat all PA the same whether it's an M15 chart or a MN chart such as this one. The lower line I refer to as BRL or Breakout Reference Line (admittedly there's all sorts of (non-standard) terminology used in trading but BRL is something I've found makes sense to me): BRL because it's a fresh and untested breakout. The upper line for me is now resistance because of the multiple tests and rejection. I don't see anything on this chart that...
Charts lie all the time...so much false S/R created to bring traders together in those areas of common interest.... generating transactions and fueling price... that wedge is like a huge filling station.... this is what "intent" is all about... price will move within the wedge, order books will be filled and flattened many times.... and accumulation will occur before the release.... that is the direction and that is the intent...

You have so much to unlearn before you can even begin to attempt this...

-CJ-
A man is not defeated when he is beaten, he is defeated when he quits.
  • #349
  • Oct 24, 2015 10:45am Oct 24, 2015 10:45am
Quoting Captain Jack
{quote} Forgive me if I misunderstand you..... but.... there are no random graphs being generated within the Forex market. Sit back and try to understand how the charts on your screen are created. They consist of 2 axis... one for time and one for price. We have time and we have price of the instrument. Time is constant, it is a given. Without time, we would have one single candle on the screen within which price would travel up or down, confined to the single candle. Time is used to index the chart, one candle at a time, based on the time frame...
This is an excellent explanation and analogy. It's in the dna... I love it.

Thank you

Recently subscribed to the forum. Cringing at the task but looking forward to the rewards
Charts are limited in nature. What is the relative location?
  • #350
  • Oct 24, 2015 11:01am Oct 24, 2015 11:01am
my automatic guidance system applied to the EUR/JPY (which I've never bothered to apply it to..)

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"Holy Grail" exists - accepting where is the first step.
  • #351
  • Oct 24, 2015 11:04am Oct 24, 2015 11:04am
Quoting Captain Jack
{quote} Charts lie all the time...so much false S/R created to bring traders together in those areas of common interest....
I agree. S/R has been totally mis sold in my view. But even Supply and Demand trading (or way of looking at price), which came along and seemed to be the saviour of those lost in S/R has been misrepresented in my experience. So yeah, a lot to learn, a lot to unlearn.

Few people talk in straightforward terms about "direction". But I think once the fog clears where direction is concerned, S/R and S/D start to come together in a much more coherent way.

"Intent" I'm still struggling with. What intrigued me about the trades you've shown is the entries along the curve. I suppose these are an example of a number of things, including but not limited to your own understanding and trust of, "intent".
  • #352
  • Oct 24, 2015 11:27am Oct 24, 2015 11:27am
Quoting bmac
{quote} This is an excellent explanation and analogy. It's in the dna... I love it. Thank you Recently subscribed to the forum. Cringing at the task but looking forward to the rewards
I've been doing this for years now and they are trying to make it harder. Here's a few old shots of what the MT4 tick chart used to look like....now they let you see less than half of that... some good external sources out there for tick data as well as some MT4 scripts that will create a tick chart of normal size....

http://www.netdania.com/Products/liv...anceChart.aspx

Patterns are changing as well...gone are all those whippy back and forth stop hunts they used to do when the "news" hit the wire.... now they are just a straight up or down move....

Just more distortion and deception.... but what they are trying to hide is still there....

-CJ-
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A man is not defeated when he is beaten, he is defeated when he quits.
  • #353
  • Oct 24, 2015 11:31am Oct 24, 2015 11:31am
Quoting simond2002
{quote} I agree. S/R has been totally mis sold in my view. But even Supply and Demand trading (or way of looking at price), which came along and seemed to be the saviour of those lost in S/R has been misrepresented in my experience. So yeah, a lot to learn, a lot to unlearn. Few people talk in straightforward terms about "direction". But I think once the fog clears where direction is concerned, S/R and S/D start to come together in a much more coherent way. "Intent" I'm still struggling with. What intrigued me about the trades you've shown is the...
I think what Cap'n is saying is that wicks tell the story of intent. If the IT's are buying, they want to push price down thru some known areas where retailers will get short. BRNs, Prior lows, fib levels, etc. But the wicks do not lie. If you see candles with long wicks down then they intend to push long at some point. The long name for a pin bar is Pinocchio bar. It you see a long nose down, then they are lying. Buy. And vice versa if short. Put that together with known price patterns and you have the framework for making a lot of money.

Quoting Captain Jack
{quote} I've been doing this for years now and they are trying to make it harder. Here's a few old shot of what the MT4 tick chart used to look like....now they let you see less than half of that... some good external sources out there for tick data as well as some MT4 scripts that will create a tick chart of normal size.... http://www.netdania.com/Products/liv...anceChart.aspx Patterns are changing as well...gone are all those whippy back and forth stop hunts they used to do...
Yes, you have to drill down further to see it, but it is still there. It will always be there as long as they don't start just outright lying about the feeds.
If you are good at something, never do it for free--Joker
  • #354
  • Oct 24, 2015 11:56am Oct 24, 2015 11:56am
CJ you are my hero! Tanks a million for your sharing .
? Do you see any patterns around BN s Thanx
Learn THEN Unlearn
  • #355
  • Oct 24, 2015 11:56am Oct 24, 2015 11:56am
Quoting simond2002
{quote} I agree. S/R has been totally mis sold in my view. But even Supply and Demand trading (or way of looking at price), which came along and seemed to be the saviour of those lost in S/R has been misrepresented in my experience. So yeah, a lot to learn, a lot to unlearn. Few people talk in straightforward terms about "direction". But I think once the fog clears where direction is concerned, S/R and S/D start to come together in a much more coherent way. "Intent" I'm still struggling with. What intrigued me about the trades you've shown is the...
Direction is usually easy.... is it going up, down or sideways....

Intent is the "why" part of where direction is taking it.....

Take the BARF pattern.... you always know direction... there is a lead in trend line price is traveling.... easy!
And you always know it's intent..... accumulation during the walk up, selling it up during the bump.... and buying it down during the payoff, where direction change is easily determined....

You know it's direction and it's intent the entire pattern.... that's why it's such a money maker... you are trading with the Fox and not against.

About my trades.... I stated that I'm no trapper.... I don't set a trap and wait for a certain set of conditions to bag my prey.... I'm a trader with a predatory nature and I am always hungry... I go to the trade, wherever it is.... and I kill it. I don't use stop losses because I expect to end + on every trade I enter, 100% of the time. If I make a mistake, I make my loss as profitable as possible with an early exit, move to the next trade with the same aggressive attitude.

It's hard to explain somethings to other traders because my reality is their fantasy... what exists and has effect in my reality has never existed in theirs.

-CJ-
A man is not defeated when he is beaten, he is defeated when he quits.
  • #356
  • Oct 24, 2015 12:00pm Oct 24, 2015 12:00pm
Quoting HighFivve
CJ you are my hero! Tanks a million for your sharing . ? Do you see any patterns around BN s Thanx
Thanks and your welcome but I'm lost on the question??

-CJ-
A man is not defeated when he is beaten, he is defeated when he quits.
  • #357
  • Oct 24, 2015 12:10pm Oct 24, 2015 12:10pm
Quoting Captain Jack
{quote} Thanks and your welcome but I'm lost on the question?? -CJ-
OK. Do you see the 113 level on the EURO USD for example as important .above or below 10 pips ? After 3rd wave pin bar.
Learn THEN Unlearn
  • #358
  • Oct 24, 2015 12:16pm Oct 24, 2015 12:16pm
Quoting jmn5611
{quote} I think what Cap'n is saying is that wicks tell the story of intent. If the IT's are buying, they want to push price down thru some known areas where retailers will get short. BRNs, Prior lows, fib levels, etc. But the wicks do not lie. If you see candles with long wicks down then they intend to push long at some point. The long name for a pin bar is Pinocchio bar. It you see a long nose down, then they are lying. Buy. And vice versa if short. Put that together with known price patterns and you have the framework for making a lot of money....
Good explanations there, thanks for the input. There's another indication that those pins point to a turn...they widen the spread during the formation of the wick. Open up an order box and you can watch it.

You won't find this stuff anywhere but from me and those who are studying the methods if you call it that. I started it on a private forum and decided to move it out to the public forums. There's some mirroring of the info on some Polish forums, I know because they ask for my permission, which I had no problem with and there are some Skype trading groups that I know of. Those are mostly small groups of people from the forums who get together and trade. But none of them are involved with price mapping. They work the levels and look for the tracks and some still post their BARF trades. It's all that's needed. You find one trade entry, stack some orders and you're good. When your right, milk it and then take what they gave you before it's taken back. That's a pretty simple plan that works.

-CJ-
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A man is not defeated when he is beaten, he is defeated when he quits.
  • #359
  • Oct 24, 2015 12:38pm Oct 24, 2015 12:38pm
Quoting HighFivve
{quote} OK. Do you see the 113 level on the EURO USD for example as important .above or below 10 pips ? After 3rd wave pin bar.
To me, no. I'm seeing what looks like a level 2 rise off a peak low on the WK.. if that's the case, then we can expect a level three rise off last week lows...and then the area around 117 is in play....

-CJ-
A man is not defeated when he is beaten, he is defeated when he quits.
  • #360
  • Oct 24, 2015 12:38pm Oct 24, 2015 12:38pm
Quoting Captain Jack
{quote} Good explanations there, thanks for the input. There's another indication that those pins point to a turn...they widen the spread during the formation of the wick. Open up an order box and you can watch it. You won't find this stuff anywhere but from me and those who are studying the methods if you call it that. I started it on a private forum and decided to move it out to the public forums. There's some mirroring of the info on some Polish forums, I know because they ask for my permission, which I had no problem with and there are some...
Cap'n I been watching you for awhile. The only reason I could give a good explanation is that I understand your work. As far as the spread goes, I had to stop using stops because of how my broker widens spreads during wick activity. That will mess up your TA. You will get filled before price reaches your carefully crafted line. So on my own thread I put in a parameter for that. What I did not know is that most everyone on this site is a rookie trader. Just venting, sorry.

Anyways, you got some some good sh*t here. I was admonished to not quit due to laziness of readers and trolls. I hope you do not quit either.
If you are good at something, never do it for free--Joker
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