Never Lose Again

[***FX-JEDI***]

got in at daily Z line as expected... up 26.20 pips love it....
now 36 pips...

[deeforex]

It is difficult just to teach people how to construct a Diamond of Perception.
The first rule is that it is put together using a major angle (45* using this square method).
Then after it is constructed the scales can change and the major angles that you saw working so well on the last scale are then carried over to the new scale.

I was less than happy with the margin of error when drawing an angle between sharps and flats so I did it right by completing the fibo and using the same numbers between 0 & 1 for the Fibo TimeZone tool.

Construct the major angles first and then add in the sharps and flats using the fibo/fibo tz:

I can see you doing already, but it is no difficult:

Thanks for this new way with the Fibo Time Zones.

I was just playing around with the boxes to see if they're the same kind/size of boxes that capture corrections (that you talked about a while ago). Based on that I created this chart. I don't know if this is where we're headed but wow! there are some patterns going on here.

[Patch]

FX-JEDI

Have a great time camping! Where abouts are you camping? Are you stationary or backpacking?

Great posts, and very helpful explaination. Many thanks, Patch

[aVi]

As soon as we start to figure things out, MO shows us how much we still have to learn. Running the risks of complete embarrassment, seeing as I still feel a bit clueless about this, here is my first attempt. Don't laugh. You may point, just don't laugh...




...I'm off to see the wizard.

[***FX-JEDI***]

FX-JEDI

Have a great time camping! Where abouts are you camping? Are you stationary or backpacking?

Great posts, and very helpful explaination. Many thanks, Patch

Thanks mate..

yeah am mate, I am close to home only about 15min from home actually, on the beach at stockton caravan park, have only 2 hrs of free wireless internet from the park each day, been here 3 weeks. go home this weekend, after my little girls 1st birthday party on sunday, but her birthday actually on monday 10th.
I rebuilt a 17ft 70's model caravan from the chassis up, so all brand new, gloss white inside and out..lol, but just old school...lol closest thing I could get wife to camping...

got out of trade with 34 pips got out bit early, then was going to short it down back to 1.4300 but too tired & past it up...

nite all..

[retireme]

FX-JEDI

I rebuilt a 17ft 70's model caravan from the chassis up, so all brand new, gloss white inside and out..lol, but just old school...lol closest thing I could get wife to camping...

Consider yourself lucky, my missus thinks a caravan is slumming it...

[Patch]

I like sleeping in hotels or vans. The ground has gotten harder over the years. My wife loves going out camping, even to the point of tents and sleeping on the ground. jb

[Who Am I ?]

MO,

Thank you very much for such a magical trading wisdom.....
You are a TRADING ANGEL...

you are really showing this poor trader THE LIGHT!

-- WAI ?

[es/pip]

with ya

[razorboy]

or you can just figure out how to double your money with 25% win rate...........

Thanks, MO.

I wonder how the method could be put into practical use.

I can see how the pip value of angles is calcuated. However, how do we know the future angle value when the trend changes? The angle is usually confirmed later when the trend materialise and at that moment a number of bars has been passed.

I also notice you draw the upper left corner of the box at the 1st retracement of the trend. Is it correct?

Thanks.

Lis

The only thing that matters is that the angle connects the points of the box....
it really does not matter where you start drawing the box as you only wish to define the degrees so that the angles can be used on any scale.

The exact angles do not matter the proportions do.

There is a margin of error of 5* when drawing Major angles; these "errors" are known as sharp and flat angles.

35 & 25 degrees is considered to be a 30 degree angle.

You do not have to wait for a "trend" before the angles of ascent and decline are known.
The charts follow very predictable patterns which, when recognized, cause your risk to combust