MQP 18A IRL CONTINUOUS GUIDE 1 - RATIO 3/4, 1-HOUR BAR.
HEADER - This will guide you when I can't update from now to 5/30.
DIRECTIONS - Upload IRL from my scripts pag. You have to click my emblum (MQP/US flag) and it will take you to my avatar page. Click on scripts, IRL, add to your favorites menu, and then you can add it to your chart. Click settings icon, change ratio to stated ratio in title. For this chart, DX/DY ratio is 3/4 (same as default?, I think), if not, change it to 3/4). Even though directions for IRL are only 60% completed (they are in the comments), that's more than enough for you to apply it usefully. Please read directions for help before asking for details. In my charts, I try to match extension regression lines to its correct colors along with D# labels. When I don't have time for that and colors don't match, D+# LABELS ALWAYS TAKE PRECEDENT.
SUMMARY - The whole point of IRL is to forecast that bold black line above. Then reverse engineer for price forecast (blue highlight). This is the most up-to-date suggestion of what that black line, hence price, will do from here to 5/30. This is supported by by: 1) regressions for entire gold price history as made available by IDC XAUUSD ticker (even though I am posting futures ticker), 2) infinite volume oscillator waves in both spot (IDC/FXCM history) and futures history (GC1!). I haven't look at GLD. If I forget to post notes for GLD, remind me if you are interested.
DETAILS -
>> This is pretty straight forward. Once you have it on 1-HOUR BAR, these are period length of said curves:
D+6 -- 128 DAYS
D+7 -- 64 DAYS
D+8 -- 32 DAYS
D+9 -- 16 DAYS
D+10 -- 8 DAYS
D+11 -- 4 DAYS
D+12 -- 2 DAYS
>> So black bold line is 48-hour LRC curve. Which is comparable to a SUPER-SPECIFIC 16-HOUR SMA. Price leads, so price must go UP BEFORE that curve does, and vice versa.
>> This is zoomable, but the wave colors are bar-specifi. Meaning if you go to 2-HOUR BAR, light gray wave would now be 256 DAYS, double the period for each color. Conversely, if you go to 15-MIN BAR, then light gray wave would be 32 DAYS, 1/4 the period for each color. This will work in 15-MIN, 30-MIN, 1H, 2H, 4H, 8H bars. If you want to use 1-min, 2-min, 4-min, 8-min, 16-min, and so on... THE RATIO HAS TO BE 9/16. If you want to use for 11-min, 22-min, 45-min, 90-min, 3H, 6H, 12H, 1D, 2D, 4D... THE RATIO HAS TO BE 1/1.
>> This is listed as neutral bc even though it's still going down. That said, current data says 1820 will hold.
DIRECTIONS - Upload IRL from my scripts pag. You have to click my emblum (MQP/US flag) and it will take you to my avatar page. Click on scripts, IRL, add to your favorites menu, and then you can add it to your chart. Click settings icon, change ratio to stated ratio in title. For this chart, DX/DY ratio is 3/4 (same as default?, I think), if not, change it to 3/4). Even though directions for IRL are only 60% completed (they are in the comments), that's more than enough for you to apply it usefully. Please read directions for help before asking for details. In my charts, I try to match extension regression lines to its correct colors along with D# labels. When I don't have time for that and colors don't match, D+# LABELS ALWAYS TAKE PRECEDENT.
SUMMARY - The whole point of IRL is to forecast that bold black line above. Then reverse engineer for price forecast (blue highlight). This is the most up-to-date suggestion of what that black line, hence price, will do from here to 5/30. This is supported by by: 1) regressions for entire gold price history as made available by IDC XAUUSD ticker (even though I am posting futures ticker), 2) infinite volume oscillator waves in both spot (IDC/FXCM history) and futures history (GC1!). I haven't look at GLD. If I forget to post notes for GLD, remind me if you are interested.
DETAILS -
>> This is pretty straight forward. Once you have it on 1-HOUR BAR, these are period length of said curves:
D+6 -- 128 DAYS
D+7 -- 64 DAYS
D+8 -- 32 DAYS
D+9 -- 16 DAYS
D+10 -- 8 DAYS
D+11 -- 4 DAYS
D+12 -- 2 DAYS
>> So black bold line is 48-hour LRC curve. Which is comparable to a SUPER-SPECIFIC 16-HOUR SMA. Price leads, so price must go UP BEFORE that curve does, and vice versa.
>> This is zoomable, but the wave colors are bar-specifi. Meaning if you go to 2-HOUR BAR, light gray wave would now be 256 DAYS, double the period for each color. Conversely, if you go to 15-MIN BAR, then light gray wave would be 32 DAYS, 1/4 the period for each color. This will work in 15-MIN, 30-MIN, 1H, 2H, 4H, 8H bars. If you want to use 1-min, 2-min, 4-min, 8-min, 16-min, and so on... THE RATIO HAS TO BE 9/16. If you want to use for 11-min, 22-min, 45-min, 90-min, 3H, 6H, 12H, 1D, 2D, 4D... THE RATIO HAS TO BE 1/1.
>> This is listed as neutral bc even though it's still going down. That said, current data says 1820 will hold.
Comment:
Comment:
BTW - Please like for support
Comment:
For chart right above:
1. Even though it's super bearish right now, AND WILL BE WORSE NEXT 48 HOURS...
2. the big box above should hold price for the following 10 or so days (to sunday 5/15)
3. The entry, as it stands, would be the small box on 5/16.
4. I have have legit conviction in this move, but please understand THAT IT'S WAY EARLY.
5. The point of this exercise is so you can see what I am looking for on your chart.
1. Even though it's super bearish right now, AND WILL BE WORSE NEXT 48 HOURS...
2. the big box above should hold price for the following 10 or so days (to sunday 5/15)
3. The entry, as it stands, would be the small box on 5/16.
4. I have have legit conviction in this move, but please understand THAT IT'S WAY EARLY.
5. The point of this exercise is so you can see what I am looking for on your chart.
Comment:
UPDATE 12:30 PM ET MONDAY
1. To be clear, forecasts change with facts.
2. This can easily go to 1780 or 1750, it's not hard to see that.
1. To be clear, forecasts change with facts.
2. This can easily go to 1780 or 1750, it's not hard to see that.
Comment:
UPDATE 12.50 PM
Hit 1872 moments ago. Aftermarket overnight has a WEAK shot at 1895, that will change nothing.
Hit 1872 moments ago. Aftermarket overnight has a WEAK shot at 1895, that will change nothing.
Comment:
Almost 1PM.
Odds favor 1850s again B4 NY close. So odds of 1890s overnight weaker by the hour.
Odds favor 1850s again B4 NY close. So odds of 1890s overnight weaker by the hour.
Comment:
BIG TYPO:
FOR 1, 2, 4, 8,16, 32, 64
FOR 1, 2, 4, 8,16, 32, 64
Comment:
64, and 128-min bars, USE RATIO 11/15 NOT 9/16.
