Today is the last day of 2014, so let me begin by thanking all my followers for your support including all the other contributors for your insightful analysis and trades ( Both winners and losers ), I would also like to take this opportunity to thank everyone behind the scenes at tradingview.com for giving us everyone a fantastic platform that will only get better in years to come...Hats off to all.
To mark the end of the year 2014, I have one of my favorite trading and forecasting tools which I am sharing to all.
I will try to be real quick,
The first thing you will notice is the big green ( Square ) which marks the Bottom @ 1.96169 to the Top @ 2.05405 it is divided into horizontal quarters with the 50% being the most important. The 50% RED upward diagonal marks the end of this cycle or to put it another way it squares out time and price shown at the beginning purple arrow on the bottom right hand corner. which co-incidently is falling on the last day of year...a bottom perhaps, we will have to wait and see. Notice how it has also coinciding with the 75% horizontal, The , The right side of the time price square, and two Time Price Vectors the purple dotted line picking up the price to a few ticks and the green dotted line bang on with the end of the timing square ( bottom right corner ), which I will explain below and remember they are NOT .
The Method:....You will notice 2 green and purple dotted lines projected from the left major top.....passing through 2 (50% and "displaced 50%" nodes- Blue circles ) and continuing down to the bottom of the screen. What I then do is COPY & SLIDE them along 2 horizontal lines positioned at both tops and I place them over the vertical coordinates of established turns in the market. ( I try to keep with the major turns and a few minors ).
I then initially put another horizontal line on the major bottom and where these lines intersect I place a vertical line on the screen where I expect to see a TURN!! You can also test the intersections of Quarter Horizontal points which also mark out some beautiful turns also.
You will also find when the market meets these lines ( at any point ) you quite often get a Very "Precise" turn, if it blows through or falls short I will disregard the candle and move on. Your BEST turns is where you get both a timing point and price point on the line meeting at the same time ( there are a few examples on the chart ).
I urge you to study this chart as the predicted turns are quite amazing!! often within a bar and a few pips. Keep this in your tool box and experiment with other vectors and see what you get:)
I wish everyone a safe and Happy New Year.