DayFarrell
Short

EURUSD TO HIGHER TIME FRAME SAYS FURTHER LOWS

FX:EURUSD   Euro Fx/U.S. Dollar
IT LOOKS COMPLICATED, BUT IT IS VERY SIMPLE. INSTEAD OF THE TRADITIONAL ADVANCE VS PULLBACK ANALYSIS, TRY ANALYZING THE MOVES INDIVIDUALLY.
MEASURE ALL THE BULL MOVES AND ALL THE BEAR MOVES AND PLOT THEM ON A HORIZONTAL LINE. COMPARE THE SEQUENCE OF BEAR MOVES, AND THEN THE BULL MOVES,
YOU WILL FIND THAT FIBONACCI LEVELS CORRELATES BETTER THIS WAY.
THE NEXT THING IS TO IDENTIFY A SEQUENCE, AND PREDICT BASED ON THE SEQUENCE YOU IDENTIFY. (THE SEQUENCES ARE A BIT DIFFICULT TO IDENTIFY WITHOUT SOME KNOWLEDGE OF MATH, BUT I STILL BELIEVE IF YOU LOOK AT IT LONG ENOUGH YOU WILL FIGURE IT. THE SEQUENCE WILL OFTEN HAVE A SORT OF PROGRESSIVE STATE DUE TO THE FIB NATURE THAT EXIST WITHIN THE SEQUENCE. FOR E.G., IF YOU'LL GET A 1,3, THEN THE NEXT TWO MAY BE 5, 7, OR IT CAN EVEN GO IN THE NEGATIVE DIRECTION, 7, 5 THEN 3, 1.
THE HARD PART IS CALCULATING THE TIME, WHICH I ATTEMPT TO DO HERE, WITH THE USE OF THE ANGLED TREND LINES.

THE RETRACEMENT TOOL IS A SCALE ALONG WITH THE 53 DEGREE LINE (HIGHLIGHTED BY THE RED ARROW). I HAVE TWO EXPECTATIONS FOR THE BULLISH CORRECTION BASED ON THE TIME IT OCCURS. THE SOONER IT HAPPENS THE LARGER THE CORRECTION. CURRENTLY, MY EXPECTATION IS 38;2 WHICH WILL GIVE US A PRICE OF 1.2800.
ALL THE CHARTS IN RELATED IDEAS WERE GENERATED BY THIS METHOD.
I FIGURE THIS ONE ABOUT A WEEK AGO, AND WAS BEING A BIT SELFISH WITH IT, SO NOW I'M POSTING BECAUSE I'VE DISCOVERED A MUCH MORE VALUABLE STRATEGY, SIMPLY PUT, ONE THAT GIVES ME THE RANGE OF THE NEXT CANDLE. SO IN OTHER WORDS, I CAN TELL WHAT THE NEXT CANDLE WILL BE, I'M CURRENTLY TRYING TO FIND A WAY TO DETERMINE MULTIPLE CANDLES, BUT IT'S VERY DIFFICULT, SO I'M EASING OFF FROM THE RESEARCH, TO START SOME TRADING.

i'M PUTTING MYSELF OUT THERE TO ANY TRADERS, IF YOU NEED SOMEONE TO HELP WITH ANALYSIS, I'M AVAILABLE FOR HIRE, ITS BETTER SAFE THAN SORRY. ANALYST DO NOT PREDICT PRICE ACTION, THEY ASSESS HUMAN GREED AND FEAR, IT'S BETTER TO GIVE A LITTLE TO GAIN MUCH, RATHER THAN LOOSE IT ALL.
PITCH ME A MESSAGE, LET ME KNOW WHAT YOU THINK.
DayFarrell
2 years ago
THE ANGLES ARE DISTORTED WHEN POST, SO DISREGARD AND FOCUS ON PRICE, BUT THE ARROW TREND LINES ARE ANGLED WITH TIME
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JimFred PRO
2 years ago
Really? You are confident that you can predict the next candle? Your confidence has aroused my curiosity. Care to put your confidence to the test and forecast tomorrow's eurusd candle, today? If you can do that, I will be mightily impressed...
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DayFarrell JimFred
2 years ago
I APPRECIATE THE INTEREST, THOUGH I WAS REFERRING TO SMALLER TIME FRAME CHART, HENCH WHY I SAY I WAS TRYING TO PREDICT MULTIPLE CANDLES. BUT A CHALLENGE IS A CHALLENGE, SO I WILL ATTEMPT A DAILY CHART. NOT TOMORROW, I WANNA SEE WEEKEND TRAIL.
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