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Price Forecasting with chaos


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Price Forecasting with chaos

  #631 (permalink)
John Chen
Taipei,Taiwan
 
Posts: 324 since Mar 2012
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John Chen View Post
Short term and med-term target reach today

INSERT CHART

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  #632 (permalink)
John Chen
Taipei,Taiwan
 
Posts: 324 since Mar 2012
Thanks Given: 4
Thanks Received: 331


John Chen View Post
INSERT CHART

JCHART predicted 8381 would be target, by 11AM 8381 touch down and so far is the low of today

market has its rebound is inevitable after the completion of equilibrium

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  #633 (permalink)
 Simba 
Irvine California
 
Experience: Advanced
Platform: AMP MT5,Tradovate
Trading: ES
Posts: 17 since Feb 2011
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John Chen View Post
JCHART predicted 8381 would be target, by 11AM 8381 touch down and so far is the low of today

market has its rebound is inevitable after the completion of equilibrium

Hi John,

Exceptional prediction of the low
Thanks for posting examples of your method

Question:As I understand your explanations there are 2 possibilities:

1-The EQ point is reached and(specially if there is confluence) a move in the opposite direction starts in search of a new EQ

2-The EQ is exceeded,then the move continues in the same direction in search of a "farther away" EQ

Is that so?

Kindest Regards

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  #634 (permalink)
John Chen
Taipei,Taiwan
 
Posts: 324 since Mar 2012
Thanks Given: 4
Thanks Received: 331


Simba View Post
Hi John,

Exceptional prediction of the low
Thanks for posting examples of your method

Question:As I understand your explanations there are 2 possibilities:

1-The EQ point is reached and(specially if there is confluence) a move in the opposite direction starts in search of a new EQ

2-The EQ is exceeded,then the move continues in the same direction in search of a "farther away" EQ

Is that so?

Kindest Regards

1) I call it a resonance effect, sellers or buyers of different trading cycles (you called confluence) satisfy and exhaust

2) yes it shall continue same different to find newer EQ

By the way the rebound did happen and high of next day 4/8 was 8500 one tick away from 8499 (8381--8440--8499)

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  #635 (permalink)
John Chen
Taipei,Taiwan
 
Posts: 324 since Mar 2012
Thanks Given: 4
Thanks Received: 331

Resonance effect, sellers or buyers of different trading cycles (you called confluence) satisfy and exhaust

Today is another good example of resonance

from previous 3 trading days

it reveal 8375---8480---8585 and 8415---8500---8585 could be a potenital resonance

My sell order was placeed exactly at 8585, unfortunatly high was 8584 and close of today was 8495

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  #636 (permalink)
John Chen
Taipei,Taiwan
 
Posts: 324 since Mar 2012
Thanks Given: 4
Thanks Received: 331

It is interesting to observe a breaking move of gold equilibrium, it signals a new upward has begun today

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  #637 (permalink)
John Chen
Taipei,Taiwan
 
Posts: 324 since Mar 2012
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Daily equilibrium

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  #638 (permalink)
musicbased
Cambridge
 
Posts: 5 since Jan 2021
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Hello, i know this is a very old thread, but i'm trying to understand this J chart method as i have a j chart option on my market profile indicator, but it seems slightly different as the points that the new profiles are drawn are not at regular intervals like standard market profiles but only redrawn when equilibrium has occurred?. That makes a big difference i think. Anyone successfully using this style of trading? Or should i just turn off the J chart setting! ?

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  #639 (permalink)
musicbased
Cambridge
 
Posts: 5 since Jan 2021
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Again I know this is very old, but i recently read the book by John Chen and this J chart is very good!
I've been messing around with it on sim (with my own version using a modified market profile as the original software is long gone i think),but getting really good results so far!

It's a very different way of trading but i'm definitely going to carry on playing with it as it seems to suit me and price really seems to end up hitting the predicted price. Thanks to John Chen if you are out there!

I had a picture to post of the setup i'm using, but I haven't done enough posts yet lol

Oh ok it did work.

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  #640 (permalink)
musicbased
Cambridge
 
Posts: 5 since Jan 2021
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I'm afraid I haven't posted enough to be able to reply to direct messages, but the book is available as a kindle version on amazon if you search for j chart John Chen..

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