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Muuh,
I agree with you that we need to know the market sentiment… (though I have also no idea how :scratch:). And it should be known at the moment when the bar is closing..
(Actually the points that gg53 combined are tops/valleys but it is known much later – at least 1 bar later- when this top/valley is formed). My brain is boiling
mmmh ok that means the signals gg get are in tops /valleys and since he is getting the signals at the current bar, you could theoretically detect tops/valleys
interesting, really interestingCould be just a coincidence. Without more clues and hints from GG there is no point in digging depper into this
Could be just a coincidence. Without more clues and hints from GG there is no point in digging depper into this
Could be. But what one person can discover, others may be able to figure out.
Drloyd, I like your attitude!
Actually gg does not see “short bodies”, as he use line-chart he see lines. And he see only the stright line between Close 1 and Close 2. Thus some part of the movement “get lost”.
This is out of my understanding – how by the shape/or position of the line one could understand the direction the price actually is going. There should be something more to look at and compare with to understand the sentiment of the market. EURUSDD also used line-chart but he compared it with BB and stochastic…
OR… may be it looks like SS?… but it seems that gg put these lines “by eye” without complicated calculations…
Drloyd, I like your attitude!
Actually gg does not see “short bodies”, as he use line-chart he see lines. And he see only the stright line between Close 1 and Close 2. Thus some part of the movement “get lost”. This is out of my understanding – how by the shape/or position of the line one could understand the direction the price actually is going. There should be something more to look at and compare with to understand the sentiment of the market. EURUSDD also used line-chart but he compared it with BB and stochastic… OR… may be it looks like SS?… but it seems that gg put these lines “by eye” without complicated calculations… maybe he’s not looking just at one line… maybe he switches down to lower timeframes and looks at several lines that make up this one line…
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Your definition is correct, but I’m not using any tick average although it might work too. I didn’t test it.
G.
Hi gg53, Correct me if I am wrong. If we switch to bar chart, it will be easier to compare between close price of previous candle and open price of current candle. If there is a mis-price, we would need to see whether the current open price is higher or lower than the previous close price. If it is higher it will be downtrend, if it is lower then it will be uptrend. As the previous close price will act as a magnet to suck back the price to match the mis-price. This is what I learn from Delicate Secret thread, may not be correct as I am still learning. Scissors
This is wrong assumption to start with.
Gap between previous close and current open could happen, and many times it is, because of signal or feed delay between last close and current open.
G.
Drloyd, I like your attitude!
Actually gg does not see “short bodies”, as he use line-chart he see lines. And he see only the stright line between Close 1 and Close 2. Thus some part of the movement “get lost”. This is out of my understanding – how by the shape/or position of the line one could understand the direction the price actually is going. There should be something more to look at and compare with to understand the sentiment of the market. EURUSDD also used line-chart but he compared it with BB and stochastic… OR… may be it looks like SS?… but it seems that gg put these lines “by eye” without complicated calculations… I think that your thoughts are “bounded” by the line chart and the close.
Isn’t there another way to draw price chart?
Maybe that “other way” is also quite accurate in presentation of price movement.
…and what if the “close” price contradict the direction of the “other way” chart?
G.
Drloyd, I like your attitude!
Actually gg does not see “short bodies”, as he use line-chart he see lines. And he see only the stright line between Close 1 and Close 2. Thus some part of the movement “get lost”. This is out of my understanding – how by the shape/or position of the line one could understand the direction the price actually is going. There should be something more to look at and compare with to understand the sentiment of the market. EURUSDD also used line-chart but he compared it with BB and stochastic… OR… may be it looks like SS?… but it seems that gg put these lines “by eye” without complicated calculations… Right, I dont use candles.
My view about candles is already explained here, in this thread.
G.
Drloyd, I like your attitude!
Actually gg does not see “short bodies”, as he use line-chart he see lines. And he see only the stright line between Close 1 and Close 2. Thus some part of the movement “get lost”. This is out of my understanding – how by the shape/or position of the line one could understand the direction the price actually is going. There should be something more to look at and compare with to understand the sentiment of the market. EURUSDD also used line-chart but he compared it with BB and stochastic… OR… may be it looks like SS?… but it seems that gg put these lines “by eye” without complicated calculations… Quite simple.
Instead of staring at one line chart I stare at two…
They are very much correlated most of the time, but sometimes they don’t.
When they don’t correlate, and in opposite direction within the same bar – the “Close” price will move almost immediatly to the “sentiment” line.
G.
Drloyd, I like your attitude!
Actually gg does not see “short bodies”, as he use line-chart he see lines. And he see only the stright line between Close 1 and Close 2. Thus some part of the movement “get lost”. This is out of my understanding – how by the shape/or position of the line one could understand the direction the price actually is going. There should be something more to look at and compare with to understand the sentiment of the market. EURUSDD also used line-chart but he compared it with BB and stochastic… OR… may be it looks like SS?… but it seems that gg put these lines “by eye” without complicated calculations… I thinks that your thoughts are “bounded” by the line chart and the close. Isn’t there another way to draw price chart? Maybe that “other way” is also quite accurate in presentation of price movement. …and what if the “close” price contradict the direction of the “other way” chart? G.
From geometrical point of view there so many ‘moment’ when ‘close price’ in opposite with current angles… lol.
That’s great Brother..
MTH
Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/Drloyd, I like your attitude!
Actually gg does not see “short bodies”, as he use line-chart he see lines. And he see only the stright line between Close 1 and Close 2. Thus some part of the movement “get lost”. This is out of my understanding – how by the shape/or position of the line one could understand the direction the price actually is going. There should be something more to look at and compare with to understand the sentiment of the market. EURUSDD also used line-chart but he compared it with BB and stochastic… OR… may be it looks like SS?… but it seems that gg put these lines “by eye” without complicated calculations… I thinks that your thoughts are “bounded” by the line chart and the close. Isn’t there another way to draw price chart? Maybe that “other way” is also quite accurate in presentation of price movement. …and what if the “close” price contradict the direction of the “other way” chart? G.
From geometrical point of view there so many ‘moment’ when ‘close price’ in opposite with current angles… lol. That’s great Brother.. MTHTrue, but they must comply to the following rules:
1. Always stay within the High/Low. We are not “inventing” price that doesn’r really exist.
2. They must have a consistent formula/equation to correlate to actual price movement most of the time.
G.
Drloyd, I like your attitude!
Actually gg does not see “short bodies”, as he use line-chart he see lines. And he see only the stright line between Close 1 and Close 2. Thus some part of the movement “get lost”. This is out of my understanding – how by the shape/or position of the line one could understand the direction the price actually is going. There should be something more to look at and compare with to understand the sentiment of the market. EURUSDD also used line-chart but he compared it with BB and stochastic… OR… may be it looks like SS?… but it seems that gg put these lines “by eye” without complicated calculations… I thinks that your thoughts are “bounded” by the line chart and the close. Isn’t there another way to draw price chart? Maybe that “other way” is also quite accurate in presentation of price movement. …and what if the “close” price contradict the direction of the “other way” chart? G.
From geometrical point of view there so many ‘moment’ when ‘close price’ in opposite with current angles… lol. That’s great Brother.. MTHTrue, but they must comply to the following rules: 1. Always stay within the High/Low. We are not “inventing” price that doesn’r really exist. 2. They must have a consistent formula/equation to correlate to actual price movement most of the time. G.
Yes Brother, maybe different with your projection concept but sometime geometrical angles projection is amazing and fun too… hehehe..
Happy Trading and Best Regards
MTH
Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/Hi gg53, Correct me if I am wrong. If we switch to bar chart, it will be easier to compare between close price of previous candle and open price of current candle. If there is a mis-price, we would need to see whether the current open price is higher or lower than the previous close price. If it is higher it will be downtrend, if it is lower then it will be uptrend. As the previous close price will act as a magnet to suck back the price to match the mis-price. This is what I learn from Delicate Secret thread, may not be correct as I am still learning. Scissors
This is wrong assumption to start with. Gap between previous close and current open could happen, and many times it is, because of signal or feed delay between last close and current open. G.
Thanks G, muhh and others for the guidance, I am still learning from the concept
So.. after rereading this thread many-many times (thanks God it is not as long as Similarity thread) I’ve got some idea. Ok, what we have.
We have a line that represents the price in usual way and we have „another line“. And we compare the behaviour of these two lines. The only question is what is this „another line“?
This „another line“ is a line, not a bar.
This „another line“ is a) not indicator nor b) trend-line and c) obviously it is not a line from an other timeframe and d) it is not tick average.
This „another line“ is drawn by „another way of drawing price chart“. Knowing that Mr GG53 loves channels and fractals I see the only way for this „another line“ is to be.. a channel.
In one of his posts Gg53 said that „always stay within High/Low“ and „They must have a consistent formula/equation to correlate to actual price movement“. Both these rules are valid for channel.
brainstorming…
the close of the previous bar… as assumption, because even the close is something “standardized” considering a fixed timeframe… how could be correlated with the open of next bar?
I think guys this is something like this ->
http://postimg.org/image/mydnuwpjn/Look at the most upper line, it hit just as I was making the screenshot… Meaning I drew it before it was hit, magic before my eyes
Hmm, sorry, I jumped the gun too soon, I’ve done a couple mistakes
, I need to revisit the drawingboard I think guys this is something like this ->
http://postimg.org/image/mydnuwpjn/ Look at the most upper line, it hit just as I was making the screenshot… Meaning I drew it before it was hit, magic before my eyes I don’t believe the ‘connecting’ lines can be horizontal. They must be askew, starting at a bar’s close and ending at a different ‘correct’ price. If they are horizontal, price is already at it’s correct value and thus there is no trade opportunity.
Actually gg does not see “short bodies”, as he use line-chart he see lines. And he see only the stright line between Close 1 and Close 2. Thus some part of the movement “get lost”. This is out of my understanding – how by the shape/or position of the line one could understand the direction the price actually is going. There should be something more to look at and compare with to understand the sentiment of the market. EURUSDD also used line-chart but he compared it with BB and stochastic… 
OR… may be it looks like SS?… but it seems that gg put these lines “by eye” without complicated calculations… 
, I need to revisit the drawingboard 
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