Dancing sounds nice.... Its the trust you guys bestow in me that gets me going.... The mkt will move everyday regardless If I give #'s or dont.. but its nice to know the "handshake & goodbye" areas, thats what i call it..
Hi, i will try to give all info u want. Excuse my English plz !
So this lines are based on ImpVolatility and last close or today's open. I dont know math as i said, coz i hate math and donth want to learn anything about it, but i have good friend that is very good on math so he develop it for me. Thats why i will ask him before i post here his work(math) .... i hope u understood me correctly.
Now about lines. I am in home now and i have not here anything related to trading so will try to explain as much as i can remember. Basic idea for this lines is to find natural support and resistance areas based on last day close or today open. It use volatility and calculate daily range expected. numbers are are sequence but are fixed only for current day. Depending of volatility distance between lines may and will vary. For example today distance is 2,50 TF points but tomorrow can be 2 ,00 or 3,00 TF points.
I use fixed % step as excel input but u can use fibo numbers as inputs to calculate the lines. U will see this when / if my friend agree to post his work here.
But with or withot permission i can post nubers everyday here as i promised for all products u want.
If u have more questions, just ask
P.S. too many mistakes i find in my post, sorry but my writhing English is not good enough
The following 4 users say Thank You to alchemist74 for this post:
Maybe I am out to lunch.............................
but on my chart......................when price approaches a bug's #, the color of the cloud on the indi with the MA crossover plus the SVEBB MA at the std deviation H/L zones; provides clues on how price will probably react to these numbers.
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The following 2 users say Thank You to Tiberius for this post:
Thanks for explaining everything as much as possible.. before I used to trade the way you are trying to expain it can be successful @ times cause as i said this before NO ONE NEEDS A MAGIC INDICATOR TO EXPLOIT THE MKT.. I said that so many times in my previous posts.... Every single mkt moves with a hidden move & yes you are right its all range bound... back in the day I used an Indicator made by cory or fattails I even forget the name of the indicator... you could input uk open time & some other mkts close time to determine the Initial range.. but the only problem with this is that say if TF has a 2.5 move today.. & you could be expecting to short that 2.5 move but say it moves another 2.5 to the up then you have a losing trade.. I dont say u lose everyday but its pretty good to know the hidden moves.... as i said before you dont need an indicator to determine this.. I will try to explain it to you in the simplest way.. say the mkt has made a top @ 5:00am EST 830.2 & comes down all the way to 825.3 & moves back up to 827.9 before making a small retrace & shoots back up to 832.6 so the hidden move is 2.5 points or 25 ticks once the hidden moves are determined only then youll feel safe to countertrade the trend & be successful... but you have to be very carefull some times the move is @ 4 points & you could get killed if it moves 8 points against you & it does happen.. but I think most of the ppl already know this stuff if they didnt then they should look @ their chart.. Ive always stressed this in my posts.. LOOK @ YOUR CHARTS IT HAS A STORY TO TELL....
WELL thanks again for sharing the stuff.. it will help a lot of ppl..