4xForecaster
Long

$NZDUSD - Lesson: How To Build, Enter, Trade 4xForecaster's Geo

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Friends,

As we are considering the much larger timeframe of this $NZDUSD pair, TradingView @iefan posted a potential Wolfe Wave on that thread.

Following is the Wolfe Wave chart, which he correctly constructed:

snapshot


A slight modification is made using the internal geometric             requirements of the "Geo", which yield a very similar geometry, but the rules of engagement ("ROE") call for higher probability targets that what is originally defined in the Wolfe Wave , namely the "Off-Set Rule" - See following chart illustrating the basic internal constrictions:


snapshot


In its most basic internal construction rule, the Geo             prefers the following conditions:

1 - In essence, the "Geo" PREFERS that the 1-2 Leg defines Point-1 retrospectively using the cd segment which terminates at Point-2 to define Point-1 via the use of the reciprocal ab = cd symmetry;

2 - It also prefers that the 2-3 Leg be an Elliott Wave Triple-ZigZag ("TZZ");

3 - It also looks for a simple zig-zag of the 3-4 Leg

In terms of defining Point-5, there are three possibilities:

1 - Point-5 exists along the 1-3 Line;

2 - Point-5-prime (5') exists along transposition of the 2-4 Line originating at Point-3;

and

3 - Point-5-second(5'') exists along transposition of the 2-4 Line originating at Point-1.


Above construction is important, as it leads the the HIGH-PROBABILITY target definition of the rule defines as "Off-Set Rule", which suggests that:

1 - If price rallies from Point-5, it will have a high probability of attaining the 1-4 Line (this is the basic Wolfe Wave rule)

2 - If price rallies from Point-5', it will have the high probability of attaining the price level corresponding to Point-4

and

3 - if price rallies from Point5'', it will have the high probability of attaining the price level corresponding to Point-3.


In terms of entry, the following rules address a grading level of aggressiveness, namely:

1 - An aggressive entry would allow the trader to enter at the moment price validates Point-5';

2 - A standard entry would allow the trader to enter at the NEXT candle-open, following the crossing AND closing across the 1-3 Line;

and

3 - A conservative entry would allow the trader to enter at the NEXT candle-open, following the crossing AND closing across the price level of Point-3


OVERALL, the pair remains bullish . This smaller interval is worth consulting, as it looks at a finer granular level. IF and once price arrives at the target, we would shift our attention to that larger scaled set up.

Thank you @iefan for suggesting this great find at this smaller timeframe.

Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
12 July 2015

$NZDUSD

Hi David

My speculative chart on the most probable price movement. Are you still long term bullish on this pair? Kind regards Iefan
snapshot
+1 Reply
Hello @iefan - Yes, any indication of a rally carries a higher probability than the contrary at this point. Although $AUD vs. USD is also supposed to rally at some point, $AUDNZD is likely going to rally on the back of $NZD strengthening.


David
+3 Reply
4xForecaster PRO 4xForecaster
Also, watch for 0.64425 as a high-probability level of support - David
+3 Reply
snapshot

pseudo 3 white soldiers
looks good so far
will take note of rejection
snapshot
+1 Reply
@jangseohee -- 0.64425 is the recent interest level offered by the Model as a potential reversal level ... Not too far.

David
+2 Reply
jangseohee 4xForecaster
@4xForecaster, Bingo ^_^
+1 Reply
21 JUL 2015 - UPDATE/Tech-Note:

From Twitter/LinkedIn:
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$NZDUSD: Beside the bullish Predictive Model outlook, simpler patterns such as this 3-Drive may also point the way:

snapshot

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snapshot



David Alcindor
+2 Reply
iefan PRO 4xForecaster
David your charting is superb, thank you again for continually sharing your knowledge. Best iefan
+2 Reply
Thank you @iefan. I very much appreciate the feedback.

Again, thanks.


David
+2 Reply
HamedAghajani PRO 4xForecaster
Piece of art; Because of my engineering/Maths background I think only one part of of my brain developed a little, and the part related to deal visual discovery, harmony and art is intact since inception!- Sometimes I think I should take some lessons in art;
+2 Reply
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