Wow!Originally Posted by ;
Is that mean u can find the Pivot point that's a degree in which the sentiment of traders and investors changes from bull to bear or vice versa.
Wow!Originally Posted by ;
Is that mean u can find the Pivot point that's a degree in which the sentiment of traders and investors changes from bull to bear or vice versa.
Thanx dear for all reply
Could u show me please in any past Chart ( background ) the point of entry and why u believe it as entry point. .
That I wish to acquire thought obviously.
I haven't use this technique in the past. Like I said that based on the indior we could find some good entrance and exit points.Originally Posted by ;
Due
Actually let's take an example together with the image attached. UsdchfOriginally Posted by ;
Lets state interval length per month=10
value=50
degree 0 =50
degree 1=20
degree 2 =25
degree 3=15
degree 4= 10
degree 5=2
degree 6=0
degree 7=0
and up=0
So some safe entries will be at level 4 and 5 for a 50 pips reversal.
Let's take a example with the picture. Usdchf
Lets say period length in month=10
worth =50
degree 0 =50 What is 50?
Degree 1=20 Why is 20? Diffrence -30
degree 2 =25 Why is 20? Diffrence -5
degree 3=15 Why is 20? Diffrence -5
degree 4= 10 Why is 20? Diffrence -5
degree 5=2 Why's two? Diffrence 8
degree 6=0?
Degree 7=0?
And all up=0
So some safe entries will be at level 4 Why? And 5 Why? To get a 50 pips reversal How? .
What , Why , How ???
My friend if you see my quastion dosn't make sense simply ignor it.
The indior appeared back and in this case I took a random 10 weeks period.Originally Posted by ;
Degree 0=50 price went down to the value of 50 pips for 50 days (at level 0)
amount 1=20 price went down to the value of 50 pips for 20 days (at level 1)
amount 2=25 price went down to the value of 50 pips for 25 days (at level 2)
amount 3=15
degree 4=10
degree 5=2
degree 6=0 price didnt reach level 6
degree 7=0
Depending on the last the maximum levels the price attained and reversed for 50 pips were levels 5 and 4
Previous month test
GBPJPY
DOWNS
VALUES
X=50
Y=300
LEVEL0=10
LEVEL1=5
LEVEL2=4
LEVEL3=3
LEVEL4=two
LEVEL5=0
LEVEL6=1
LEVEL7=0
LEVEL8=two
LEVEL9=3
LEVEL10=1
LEVEL11=1
LEVEL12=0
LEVEL13=two
LEVEL14=0
LEVEL15=3
LEVEL16=0
After price reach level 15 I would place sell order with tp=300 and sl=50
I have completed some progress to the manual testing by clicking on the dimensions of the egy tester will display the amounts in order of dimensions.
This will facilitate to count the times price reverse at particular amounts, particularly for the higher amounts.
Therefore for lots increased by 2 the amounts will look like this:
0=0.01
1=0.02
2=0.04
3=0.08
4=0.16
5=0.32
6=0.64
7=1.28
8=2.56
9=5.12
10=10.24
11=20.48
12=40.96
13=81.92
14=163.84
15=327.68
etc..
level 11=0 times
level 12=3 times
at level 12 I would have placed sell orders with tp=50 and sl=20