Three Charts

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MightyOne
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Re: Three charts

Postby MightyOne » Fri Jul 31, 2015 5:31 am

Next lesson:

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jrtrading
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Re: Three charts

Postby jrtrading » Fri Jul 31, 2015 9:40 am

I have decided to share what I see because it may be of benefit to someone.
This is basically what I see, for what it is worth:

comparisons.png

(A level is where price turns, like a pointy place.)

comparisons2.png

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Re: Three charts

Postby jrtrading » Fri Jul 31, 2015 9:47 am

MightyOne wrote:Next lesson:


Thanks a lot!

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Re: Three charts

Postby jrtrading » Fri Jul 31, 2015 10:32 am

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Re: Three charts

Postby jrtrading » Fri Jul 31, 2015 2:12 pm

AUD/NZD - 2D+ extreme

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MightyOne
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Re: Three charts

Postby MightyOne » Fri Jul 31, 2015 3:14 pm

It doesn't look like easy money, but you never know :wink:

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Re: Three charts

Postby MightyOne » Fri Jul 31, 2015 6:36 pm

Was not worth the wait...

Normally I would wait for a bar to close above the " ------------ " and then exit at the extreme (since it decided to creep up on 1.1080) but a cone is no place to call home.

AUDNZDM5.png
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Re: Three charts

Postby jrtrading » Fri Jul 31, 2015 6:50 pm

Thanks for that, MO.
Here is update on USDCAD..

Edit: Added zoom in of resistance area.

usdcad.png
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usdcad2.png
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Re: Three charts

Postby jrtrading » Sun Aug 02, 2015 4:03 pm

So, another weekend spent at Kreslik :D and inspired by TRO I have been doing some statistical analyses for myself.
I was looking to trade the monthly ranges of pairs with fairly consistent movement each month.
I defined the range as High/Low, so a percentage relative to the interval's low value.

If the average range is large and the standard deviation is low then I believe I have a good candidate.

Looking back over the last 5 years I made these observations (I will update here if I find any errors):
- NZD/USD (range 1.065) seems to be the best with respect to large and consistent movement, alternatively NZD/JPY (range 1.062).
- If consistency is most important then AUD/NZD (range 1.033) or EUR/GBP (range 1.033) seems the better choice.

(Example: if we caught the monthly low on AUD/USD tomorrow then based on the last five years we could expect price to go to about 0.729*1.0664 = 0.777, which is 480 pips within the next month)

Monthly ranges over the last 5 years (listed by largest average first):
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scrn1.png
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scrn3.png
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stdev.png
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avg.png
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median2.png
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Re: Three charts

Postby jrtrading » Sun Aug 02, 2015 7:04 pm

nzdusd.png
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