Hello all,

Today's square root idea is not new ( re: William Dunnigan ), however what is new is that I have worked it out on cable by unearthing it's unique multiple (0.0625). In this example I am applying it to the LOW 1.45648. Once you suspected that this low was going to hold for a while the S/R lines could have been easily generated using a calculator and a pencil. This can also be applied to a bear market ( subtract instead ), and the multiplier is likely to keep working for future tops and bottoms. Below is how to do the math.

Low: 145.648 ( I shifted the decimal 2 places to the right )

Square Root of 145.648 = 12.068

1st rotation multiplier (1 x 0.0625) + 145.648 = 147.160 ( convert to 1.47160 )

2nd rotation multiplier (2 x 0.0625) + 145.648 = 148.681 ( convert to 1.48.681 )

3rd rotation multiplier (3 x 0.0625) + 145.648 = 150.209 ( convert to 1.50209 )

4th rotation multiplier (4 x 0.0625) + 145.648 = 151.745 ( convert to 1.51745 )

5th rotation multiplier (5 x 0.0625) + 145.648 = 153.288 ( convert to 1.53288 )

6th rotation multiplier (6 x 0.0625) + 145.648 = 154.840 ( convert to 1.54840 )

7th rotation multiplier (7 x 0.0625) + 145.648 = 156.399 ( convert to 1.56399 )

8th rotation multiplier (8 x 0.0625) + 145.648 = 157.966 ( convert to 1.57966 )

9th rotation multiplier (9 x 0.0625) + 145.648 = 159.541 ( convert to 1.59541 )

The number of accurate hits is quite astonishing when you put this in perspective...these 9 S/R lines where generated from one number 1.45648..... As a trading tool, it is quite powerful both from the viewpoint of locating a trade entry and/or holding a position into the next S/R level ...not bad considering each level is 150+ pips.....

Sincerely,

TIK

Today's square root idea is not new ( re: William Dunnigan ), however what is new is that I have worked it out on cable by unearthing it's unique multiple (0.0625). In this example I am applying it to the LOW 1.45648. Once you suspected that this low was going to hold for a while the S/R lines could have been easily generated using a calculator and a pencil. This can also be applied to a bear market ( subtract instead ), and the multiplier is likely to keep working for future tops and bottoms. Below is how to do the math.

Low: 145.648 ( I shifted the decimal 2 places to the right )

Square Root of 145.648 = 12.068

1st rotation multiplier (1 x 0.0625) + 145.648 = 147.160 ( convert to 1.47160 )

2nd rotation multiplier (2 x 0.0625) + 145.648 = 148.681 ( convert to 1.48.681 )

3rd rotation multiplier (3 x 0.0625) + 145.648 = 150.209 ( convert to 1.50209 )

4th rotation multiplier (4 x 0.0625) + 145.648 = 151.745 ( convert to 1.51745 )

5th rotation multiplier (5 x 0.0625) + 145.648 = 153.288 ( convert to 1.53288 )

6th rotation multiplier (6 x 0.0625) + 145.648 = 154.840 ( convert to 1.54840 )

7th rotation multiplier (7 x 0.0625) + 145.648 = 156.399 ( convert to 1.56399 )

8th rotation multiplier (8 x 0.0625) + 145.648 = 157.966 ( convert to 1.57966 )

9th rotation multiplier (9 x 0.0625) + 145.648 = 159.541 ( convert to 1.59541 )

The number of accurate hits is quite astonishing when you put this in perspective...these 9 S/R lines where generated from one number 1.45648..... As a trading tool, it is quite powerful both from the viewpoint of locating a trade entry and/or holding a position into the next S/R level ...not bad considering each level is 150+ pips.....

Sincerely,

TIK

Low: 145.648 ( I shifted the decimal 2 places to the right )

Square Root of 145.648 = 12.068

1st rotation multiplier add to square root ((1 x 0.0625) + 12.068)) = 12.131. Then square the answer (12.131 x 12.131) = 147.160 ( convert to 1.47160 )

2nd rotation multiplier add to square root ((2 x 0.0625) + 12.068)) = 12.193. Then square the answer (12.193 x 12.193 = 148.681 ( convert to 1.48681 )

3rd rotation multiplier add to square root ((3 x 0.0625) + 12.068)) = 12.256. Then square the answer (12.256 x 12.256 = 147.160 ( convert to 1.47160 )

4th rotation multiplier add to square root ((4 x 0.0625) + 12.068)) = 12.318. Then square the answer (12.318 x 12.318) = 151.745 ( convert to 1.51745 )

5th rotation multiplier add to square root ((5 x 0.0625) + 12.068)) = 12.381. Then square the answer (12.381 x 12.381) = 153.288 ( convert to 1.53288 )

6th rotation multiplier add to square root ((6 x 0.0625) + 12.068)) = 12.443. Then square the answer (12.443 x 12.443) = 154.840 ( convert to 1.54840 )

7th rotation multiplier add to square root ((7 x 0.0625) + 12.068)) = 12.506. Then square the answer (12.506 x 12.506) = 156.399 ( convert to 1.56399 )

8th rotation multiplier add to square root ((8 x 0.0625) + 12.068)) = 12.568. Then square the answer (12.568 x 12.568) = 157.966 ( convert to 1.57966 )

9th rotation multiplier add to square root ((9 x 0.0625) + 12.068)) = 12.631. Then square the answer (12.631 x 12.631) = 159.541 ( convert to 1.59541 )

Pezq: In answering your question,

1. The multiplier ( constant ) is simply 1/16 x 1= 0.0625. The multiplier is simply to obtain a workable square root division for trading this pair. Each currency pair/stock/commodity will have it's own unique multiplier, they are commonly 2 ,1 ,0.50 ,0.25, 0.125, 0.625 etc. must all be positive hence 1/2, 1/4, 1/8, 1/16 etc.

2. The multiplier ( constant ) is NOT derived from the LOW value of 1.45648, thus it is constant, and can be applied to any High or Low price for this pair.

Hopefully this covers it, please let me know if you would like any more clarification because it is a really powerful method as the chart demonstrates.

Sincerely,

TIK

I find it extremely prone to subjectiveness, similarly to forks for that matter. Without some serious screen time and education, it's easy to be tempted to just guess your way around Gann, Forks and these square root levels.

Clearly, not the case when it comes to TiK ;)

Thanks for the thorough explanation.

The same as the Gann methods (although it's only one dimension of 3: diagonal, vertical and horizontal planes)

Thanks,

1.I will run them from the most recent high back on the 18 June and see what happens....I don't anticipate much of a shift in the levels.

2. I will run them from the most recent Low on the 30 Sep 2015....Reason The 2 Sloppy Hit's are actually communicating to me that the cycle has shifted slightly so if this is the start of an uptrend I can get these levels up early.

Will post an update

1.38195

1.39668

1.41150

1.42639

1.44135