USDJPY, DAILY (with Length of Bullish) Long

U.S. Dollar/Japanese YenFXCM

Description

⋅ May 28, 2015 10:31 PM

USDJPY MAY 29.2015, is up about 13 bars, counting from the first time the trend shown up. After 13 bars, it will reverse or sideways or continuing up.

Counting trend should be pointed from one closed position to another closed position (but not open, high or low position).

Comments

timwest

⋅ May 28, 2015 10:54 PM

Would you describe in more detail? Where do you start counting 13 bars?

SeremoniaFx

⋅ May 29, 2015 4:39 AM

Hi, it's complicated since i did it by using flux formula, and calculating flux deviation. But actually it's just half way, since i couldn't grab clear direction. I am working on it, so i could see direction just from the very first moment (at the beginning of the day) without waiting for half of bars as usual just to see the trend, but i couldn't currently. Need a lot more work. But for that "bars", perhaps later while i have time i am going to describe it on my blog. Thanks anyway :-)

SeremoniaFx

⋅ May 29, 2015 4:46 AM

There are two way, first counting from the very first candle at the beginning of the day. Pick half of all bars, to see the trend, and grab just two pips. If you want to grab more, then repeat it again. You can see on this example

Or by counting one bar to another bar until you consider find form of candles as many as half of suggested bars (whether it will be placed in the beginning of the day, in the middle of a day or near to the end of a day)