Hi Fibo - great stuff - tried to send you a private message thru this forum, but it wouldn't let me as it seems I haven't made enough posts to qualify. Really hope I can get to see that 77 page document you spoke about today - see you in the ltr.
I hope you got it in your email there M8. I tried to use my Yahoo account but it had issues...so I just used my private account. Let me know if you didn't get it.
Meanwhile here is another great example of how you can use these methods. Here we are in the middle of a trade session, the price is heading down at about 7 AM EST in the USA. Everyone is confused as to what is happening with the EurUsd. As you can see I know exactly what is going on, why it bouncing around and where it is eventually headed.
As I predicted (as a test) the price retraced off the Upper Median and as I stated in the room 2 hours in advance that it would return to the Central Median at 1.5696. And there I would expect a bounce as there is a cross of the 23 Fib level and a Median. Anytime you have a cross of Fibs and Medians or Old Medians and new Medians there will be some sort of resistance and 'handshake' before moving on.
Depending on what is where you will learn what has more strength than others. As an example the yearly AP medians, regardless where they tear through, usually are very significant and almost always arrest any move up.
But here you go, see the example for yourself. The 2 hours prediction made publically (just for my own edification and validation - not bragging here) was hit. Today, even though it was a really bizarre trading day, I was still about 85% accurate on every call. Only news or just being lazy did I not hit the others...simple mistakes, which had I been focused I might have caught bringing my day up to 90%.
Here is the premove down about 1 hour after I call the target in the room.
Thanks Fibo - got the article and I'm going thru it for the second time - do I remember you saying somewhere that you only take a position when three charts match up? If so, I'd be very interested to learn about your three charts and what you are following.
Yes Gregg I need my Indicators (a chart of nothing but Tech) my Long Term (weekly/monthly) that has all the major medians, and then I use a 5M for entries and to place trades so I can get as tight a stop as possible.
As an example...here is a News release...NOT finacial, but Iran just set off 9 Missiles causing a flush of the USD.
Regardless of this fact... as you can see, the price spiked up, but found perfect support and retest at the median that extends from June 27th 2008.
This is what I mean by its 'Magnetic' ability and the Historical Memory the Price action carries with it and the AP forks just appear to profile completely.
Around the 3rd picture is where I start making popcorn. The forth continues to show the trend moving up towards that upper median.
Thanks Fibo - see where you are using multiple AP's - something I like the look of. Going to follow this and see if it helps as much s I think it does. So far, so good. Gregg
Excellent Gregg. I'll be posting more and I'll attempt to further explain my methods and techniques.
I have narrowed my use down to only needing 2 AP forks, one Down, one Up in the lower time frames (as I think you can make out looking at the examples) that qualify each move and every rejection.
More post to come...glad you are enjoying the text. It has increased my capability and confidence at least 11 fold.
Like I've demonstrated, its an ancient art that has been lost, but has been more accurate, more precise, and most successful for me to date.
If this method works for you, you'll never leave it.
During the US session today I saw that due to the cross of perfectly symetrical APmedians that price would lock into a symetric triangle.
I find it fascinating how in the past these rising wedges or triangles appeared out of nowhere and were never predictable - Not the case anymore. I know almost within the first rejection if we have a long consolidation triangle or wedge happening. Saves me hours of frustration and I'm always informed as to what is happening with the price action.
A serious bonus in my trade journal - and all this without a single glance at the indicators. I hardly even look at them anymore.
It isn't 100% accurate, but honestly I've been running a 95% accuracy lately...which is frightening as far as potential. Its a very simple and easy method KISS friendly for sure for those that have an 'eye' rather than a 'head' for business and trend following.
I was in the room predicting every move, hit every target except the short which is still to be proven. However I do expect a break out of this triangle to the downside, the pattern is a reversal pattern as well, and it is a diamond pattern - so all signs point south.
Being I still see this as a Wave B correction on the larger Elliot with a C corrective wave finishing the pair around 1.5400.
Fibo - many thanks - especially for the 'one AP up and one down' bit - when you say lower time frames - what periods are you referring to?. I really like this as I am the visual type as well, but have to admit that so far this is doing my head in! I need to settle on chart time frames, indicators etc. like you have done and then figure out what is needed in order to pull the trigger. I think this could work really well, just need the patience to perfect it - any help or hints always appreciated. Gregg
More on Euro
The forth continues to show the trend moving up towards that upper median.
Linear Mode
