many thanks for the interests and questions to the forecast method.
I wish to emphasis that J-Chart is both the name of the method and also the software used to create my charts. I am only discussing the theory of J-Chart and not on the software which is just a means of applying the theory, once the theory is known, you can use any software/means to apply the theory of J-Chart.
Attached are some seminar notes from Mr Chen, the founder of the theory of J-Chart.
hope it is helpful
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many thanks for being able to recognise the method after such a long time, i wish to emphasis that J-Chart is both the name of the theory and the software used to generate the charts and for analysis. I am just discussing the theory of J-Chart, and i have attached some notes on it in my previous post.
I do think there is a huge difference in using tick data vs TPOs.
I do agree that it looks like a conclusion of what that have happened, this is because that was a real time trading and it happen fast and furious due to the sudden spikes.
The main point is to show that the method holds up well even in fast moving market.
I did post a few longer position trades that show event before happening, you can refer to post 1, 2 and post 7, 8 and 15 and i have posted a EURUSD chart and we can see if target is reached (not yet).
I am also attaching 2 more charts on real time trading for ES, also to show that it is able to hold up well in intra-day trading.
In addition, i have also attach some notes by Mr Chen in my previous post (post 32) to explain more the theory of J-Chart which also have some example day trading trades.
Hope this helps.
Last edited by ecmf; November 26th, 2011 at 06:13 AM.
Reason: forgot the charts.
attached is a picture for EURUSD after the massive intervention efforts by the central banks. As we can see in the picture, the the lower part of the triangle (yellow dotted rectangle) is fairly saturated and price has been trapped in the range for a while, do note that the upper part of the triangle is still unfilled, since price is not able to go below the triangle, breaking it, it will move up to fill the upper part. A up move is due to complete the equilibrium. The intervention by the central banks is just a trigger for price to move higher.
Do note that even with this massive intervention, the equilibrium 13530---13371---13211 held firm.
more details can be seen on the chart.
Last edited by ecmf; November 30th, 2011 at 11:00 AM.
Reason: add more details
this is just another way of looking at s/r and the balance of the market there are many ways to see the same thing,from what i know of this method it is not something speacial just another way of seeing price and what it has done,if you can already trade and understand price action and how to read vol,then you are already doing the same thing basically.or if you understand how to use s/r properly then you can also acheive the same results.but everyone has a different ability to learn and it might take one method to make them see what another method could not show them even if it is showing them the same thing...sharky
KILLING THE MARKETS DAILY
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