Daily Plus

discussion on fundamentals influence on rule-based trading

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alexi13
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Re: Daily Plus

Postby alexi13 » Thu Jan 08, 2015 1:12 pm

The idea to markup the mountains is just awesome =D>
and nice analysis of course, I'd like to see more
Everything should be made as simple as possible, but not simpler - Einstein
Question all - Cs

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Jalarupa
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Fractal Alert!

Postby Jalarupa » Sun Apr 24, 2016 6:13 pm

Image

So there I was starring at this chart and all of a sudden the dots started to point towards an interesting fractal...

Image

If the above fractal is to believed, then we may even be getting a glimpse of what a Brexit run would/could look like...

Image
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MightyOne
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Re: Daily Plus

Postby MightyOne » Sun Apr 24, 2016 9:05 pm

It is easier to interpret fractal patterns when you use a simple 2-period MA...
It is still really F to the King hard to reduce complex patterns into simple trade ideas.

As you can see, the pattern can repeat as a small blip or as a massive swing & it is difficult to figure out where one pattern ends and another begins.

GBPUSDecnH4.png
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Jalarupa
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Re: Daily Plus

Postby Jalarupa » Sun Apr 24, 2016 11:50 pm

Thanks for the direction MO

I agree your chart looks way more "believable" than mine...

We are after all coming out of a Fat Cat S/R ... I was also pondering the BO and BI of the cone in the chart...

Then I started drawing...

Then my eyes went funny again and I started to perceive DOP on a 3 Dimensional plane...

Image

Diamonds offering a platform for S/R
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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MightyOne
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Re: Daily Plus

Postby MightyOne » Mon Apr 25, 2016 12:10 am

Jalarupa wrote:Thanks for the direction MO

I agree your chart looks way more "believable" than mine...



There is nothing wrong with your interpretation...
you saw a cone in micro and a cone in macro & that is how the market moves from the smallest to the largest charts.

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Re: Daily Plus

Postby MightyOne » Tue Apr 26, 2016 12:37 pm

Time to trade at half lot size if you are to continue long.

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Jalarupa
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Re: Daily Plus

Postby Jalarupa » Tue Apr 26, 2016 1:45 pm

Yeah Awesome MO!

Best part is, it represents a 500+ Pip Swing from Cone to Cone... LOVE the H4 Cones...

Image

Looking at the steps the PA takes intra-day on the downward sloping cone is also very interesting...

Image

Honestly, I consider cones as the holy grail... really... stop searching... its right here in front of your eyes...
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