DislikedI'm sure that to most tarders it SEEMS very basic so far but the pupose of this exercise is to pull the wool away from your eyes before we go any further. You're both on the right track already. A candlesick. The Japanese invented this during the first week the market existed. This is what it looked like when the market closed at the weekend: {image} I won't describe e how it's derived, we all know that right? What do you see?Ignored
{quote} Hi Pip; If nunrgguy has a way to accurately predict Market Extremes then I will be impressed. {image}
linechart is my favorite for identification when I confused the market with a price that was uncertain,
This analysis was nice, but did not get a response from nunrgguy,,,,,
Regard, Ding Dong
- #44
- Edited 2:58pm Nov 22, 2015 2:47pm | Edited 2:58pm
I'll edit my post, you beat me to it.
Yes.
Price broke out from the open and went down.
Price hit a low and went back to the open.
Price broke away from the open and went up.
Price hit a high and went down.
Before either wick was made a large enough body was made to make a profit....
Traders trading from the extreme could also have made a profit.
No matter what, win or lose, all trades (as far as we're concerned) were closed come the weekly close.
We'll get to why.
Regard, Ding Dong
- #50
- Nov 22, 2015 4:14pm Nov 22, 2015 4:14pm
- Joined Oct 2012 | Status: Trader | 2,561 Posts
{quote} Interestingly, my question, Brother nunrgguy... {image}
future?
simple
i can give you my tool
DingDong not sure what your point is? Who has said anything about predicting the future? Can YOU predict the future? Thought not. Neither can I, neither can anyone else.
I can know, however what is probable and what is realistic within the confines of the coming week, which most tarders don't because it's far easier to understand rune reading
and dreaming that because price dropped from x price 3 years ago (because of cataclysmic news events which they have since forgotten all about) it will do so again today, which is completely irrational. 'Oh but look at the pretty repeating patterns I hear you say', completely ignoring how your brain is wired, completely missing all the 'patterns' which don't occur, completely ignoring those exact same patterns which occur again and again in random datasets.
Almost 100% of retail tarders are going to be directional. i.e. price has to move a distance in a certain direction away from their entry in order for them to realise a profit.
For price to move (forgetting orders, supply, demand, buyers, sellers etc out of the equation, we know all of those reasons as to WHY price moves 1 pip up or 1 pip down) far enough for a tarder to realise a profit requires what?
I can know, however what is probable and what is realistic within the confines of the coming week, which most tarders don't because it's far easier to understand rune reading
and dreaming that because price dropped from x price 3 years ago (because of cataclysmic news events which they have since forgotten all about) it will do so again today, which is completely irrational. 'Oh but look at the pretty repeating patterns I hear you say', completely ignoring how your brain is wired, completely missing all the 'patterns' which don't occur, completely ignoring those exact same patterns which occur again and again in random datasets.Almost 100% of retail tarders are going to be directional. i.e. price has to move a distance in a certain direction away from their entry in order for them to realise a profit.
For price to move (forgetting orders, supply, demand, buyers, sellers etc out of the equation, we know all of those reasons as to WHY price moves 1 pip up or 1 pip down) far enough for a tarder to realise a profit requires what?
{quote} HI DINGDONG future? simple i can give you my tool
DingDong not sure what your point is? Who has said anything about predicting the future? Can YOU predict the future? Thought not. Neither can I, neither can anyone else. I can know, however what is probable and what is realistic within the confines of the coming week, which most tarders don't because it's far easier to understand rune reading
well, to determine the price movements in the future, I can not answer with certainty. I know when my order, I know the limits of the risks that I have received,
you talk about supply and demand, I know the forex beginning I learned about this concept, learn about determining supply and demand.
in this concept also the price can not be predicted with certainty, but at least the risk-reward in this concept has the advantage to determine the order.
well, let's look at this concept ...
Or this,
Regard, Ding Dong
- #56
- Nov 23, 2015 12:01pm Nov 23, 2015 12:01pm
OK. I hope you were short while the aggressive moves down were occurring. You made some coin. But in some senses you are starting to confuse what WAS with what IS. "Price WAS moving down until the close of THIS week, I closed some hours before, taking profit as 1. I thought price was hitting statistical extremes for the speed it was moving at over the recent period. 2. The market was coming to a close. Next week I have NO IDEA where it will go, up or down. I will wait and see. It might go down from next week's open, it may go up from next weeks...
Allthough 1.500 looks like a more interesting target, doesn't it?
- #58
- Nov 24, 2015 4:02am Nov 24, 2015 4:02am
- Joined Dec 2010 | Status: Never Stop Learning | 7,323 Posts | Online Now
- #59
- Nov 24, 2015 7:55am Nov 24, 2015 7:55am
- Joined Dec 2010 | Status: Never Stop Learning | 7,323 Posts | Online Now
