Yesterday, we did an initial study of the background nascent geometry (see it here: ). As the geometry was still unfolding, we strived to define Point-4 in the interest of entering a LONG position.
This exercise was aided by the method I develop, which simply consists of defining a "Geo Anchor", or a supportive inflection points that typically emerges out of Point-2 to Point-3 leg. This is in lieu of the rudimentary connection between points 1 and 2 - The benefit of the "Geo Anchoring" is that it optimizes the chance that price will return to it, as it will tend to find a more proximal residence. In contrast, the mere plotting of a standard 1-4 Line at these respective points is at times associated with near misses.
Again, this exercise is for a background pattern analysis, whereas the foreground is represented by the product of a Predictive/Forecasting Model, which yielded the following qualitative targets:
1 - TG-Hi = 1.09373 - 22 APR 2015
and
2 - TG-Hix = 1.04020 - 22 APR 2015
As the geometry continues to move towards the definition of its Point-5 along its 1-3 Line, the Predictive/Forecasting Model remains the main feature of the price study.
Best,
David Alcindor Predictive Analysis & Forecasting Denver, Colorado - USA
As just explained, this trade has reached all of its targets. Because this occurred in excess of TG-Hix, the H1 timeframe is now abandoned and I will post a chart illustrating price action at the H4 level, once there appear to be a sensible geometry coming through.
Thank you for following through this analysis - I hope it benefited some of you.
Best,
David Alcindor
nikokoev
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Very nice David! Will whait H4 chart :)
4xForecaster
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29 APR 2015 - Update:
From Twitter/LinkedIn:
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EURUSD rolled through all targets; "Off-Set" Rule moved likely support toPt-3 at 1.98476:
GM David. Are you able to explain how you derived the TGT-Hi 1.09373?
4xForecaster
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Hello @SunnyBTC - The Predictive/Forecasting Model "codifies" strength and direction, reversals and retracement levels. I simply take these data and decodify them onto the price field. Works on its own in any market, timeframe, season, day or night, weather, or news.
David Alcindor
SunnyBTC
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Thanks David. Is the codification process proprietary or can you share this?
As just explained, this trade has reached all of its targets. Because this occurred in excess of TG-Hix, the H1 timeframe is now abandoned and I will post a chart illustrating price action at the H4 level, once there appear to be a sensible geometry coming through.
Thank you for following through this analysis - I hope it benefited some of you.
Best,
David Alcindor