Robert24

NZDUSD Fib circles (not fib ratios), accelerations, channels

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
85 0 1
This is a daily. I haven't even looked at New Zealand/US. I am not a pro broker or anything. These are my own studies from experience. I don't use sar             , pivots, any of it...just acceleration, channel sizing, ellipses which I turn into circles through scaling. I find the ellipse consistent hits first, then I rescale them to circles. When the circles work out, then right diagonals usually work out (the X shape...except they become 90 degrees to each other). I tried using channels on the chart, but they aren't as good as I'd like. I take a fair amount of time to find the right channel sizing, circle sizing (or ellipses first), right diagonals. the easy way to find right diagonals, if they are there is just make an X between 4 major or medium points, then rescale the chart on Autoscale. Once the diagonals work out, the ellipses usually become almost perfect circles.
Those are my methods. I don't use RSI , SAR             , moving averages , stochastics, any of it. My brother is a pro and made millions and he doesn't use them either. He uses angles and a method which he never totally showed me.
If you study my chart on ellipses, there are usually several shallow trendlines that they run on.
Anyway this is the daily. I don't even say my guess is right. It's basically an arc swing and an intersection with another circle or arc that was consistent.
As for the 15 minute or 30 minute, for quick speed stuff I just use an acceleration angle and a polyline. The attribute of most stocks the majority of the time is they INCREASE speed as they approach their TOPS or BOTTOMS. Sometimes they lay off more shallow, but most of the time it's an increasing curve.
1. Find the acceleration angle for the chart. They always repeat
2. Follow the edge of the move your on...but watch for the initial sidestep move (it's a shakeout move) to disillusion investors from getting in at the very bottom of a long move up or a good move down.
3. Set a limit angle with that polyline curve approximation. Whatever looks reasonable. I backtest my ideas on charts to see what works best.
Sorry for being long winded but I wouldn't want to mislead you on your short term chart
DanV is a mod here. He would probably give you a quick answer.
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