This is similar to what I have here:
I love this one. And now with new month transitions, I have another again.
I think I figured out the missing piece of the puzzle in the formula to re-new the transitions completely.
If it is the truth, then I need my good old interpreter to wrap the code up and Boom.
You can read more here:
But I want to see fails to help me to figure out missing sub transition numbers.
I have my buy entries ready at 1400 - 1399 and 1395 in case. If this doesn't fail, then officially I have figured out the new transition behavior change!
The move that is highlighted should be expected upwards, same length same speed.
Get the impulse death levels and template reference points here:
Take a look at this, guys: (link is visible only to registered users)
Some numbers in my calculus are not correct, because it retraced earlier but had to make a minimum 50 cent more. Hmmm
Have to monitor 83 pip length transitions to catch the entry, but nothing is clear yet, because if you took the levels I gave you, you see 1417.3.
MainTrans = 1410.10
Trans23_6 = 1389.60 + 22 * 23.6 / 100.0
Trans38_2 = 1452.10 + 0000.90 * 38.2 / 100.0
Trans50 = 1414.30 + 12 * 50.0 / 100.0
Trans61_8 = 1440.90 + 4 * 61.8 / 100.0
Trans78_6 = 1399.60 + 14,4 * 78.6 / 100.0
Trans100 = 1400.30 + 10 * 100.0 / 100.0
Trans123_6 = 1389.90 + 10.9 * 123.6 / 100.0;
Trans138_2 = 1391.80 + 33 * 138.2 / 100.0;
Trans150 = 1401.20 + 9 * 150.0 / 100.0;
Trans161_8 = 1469.10 + 40 * 161.8 / 100.0;
Trans223_6 = 1450.10 + 90 * 223.6 / 100.0;
Trans261_8 = 1550.30 - 216 + 33 * 261.8 / 100.0;
if (Pass != 0000.59)
Damn, in the 4th block it should have been 1438.15 instead of 1440.90 Then it would be perfect.
That is the only sub transition I got wrong, then I would not miss the entry, but in general, as you can see the power of good old transitions.
Going 4.2$ below 1435 is not ok.
I have seen this behavior on 505 pip transitions. Whatever happens I def want to be in for that event. Let's see, transitions will give the direction. If we do go up and break 1452, that could be another story
If we do tag 53 and maybe even the upper extensions, then a bloodbath is welcome.