FXEZ,

Yes, HL/2 is a good enough answer, when there is a direction contradiction whithin the same bar. although there is (at least) a slightly better way (pips wise).

My way of exploiting it is by multi-lot trading, considering spread & slipage.

Writing an EA for this is just a couple of code lines.

G.

FXEZ,

Yes, HL/2 is a good enough answer, when there is a direction contradiction whithin the same bar. although there is (at least) another way.

My way of exploiting it is by multi-lot trading, considering spread & slipage.

Writing an EA for this is just a couple of code lines.

G.

Very small DD, since it’s almost immediate, and no need for statistics.

No connection to “delicate secret” which you can uncover reading some books on fractals.

Later I’ll post a chart marked with bars that contain “contradiction” in them.

G.

FXEZ,

I don’t “enjoys hinting and keeping everyone guessing”…

I like to introduce a concept and let people THINK for themselves – not spoon-feeding them.

BTW: I don’t see the “next price” in your chart.

G.

FXEZ,

I like to introduce a concept and let people THINK for themselves – not spoon-feeding them.

BTW: I don’t see the “next price” in your chart.

G.

I like to introduce a concept and let people THINK for themselves – not spoon-feeding them.

BTW: I don’t see the “next price” in your chart.

G.

Your first link is very very close to mine – containing some extra lines, which might be logical and accurate, but I need to check if valid.

G.

I can see the “Close” and I can see the Channel and correlated movement.

Where are the contradiction points to accurately predict next price?

G.

True, 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.

I don’t think that it is fair or good behaviour toward SteveHopwood site and to the author and contributors of HGI.

Share, contribute, ask, discuss – @SteveHopwood, the originator.

G.

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.

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 – the “Close” price will move almost immediatly to the “sentiment” line.

G.

Right, I dont use candles.

My view about candles is already explained here, in this thread.

G.

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.

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.

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.

Your definition is correct, but I’m not using any tick average although it might work too. I didn’t test it.

G.

1. I consider a candle that the sentiment (or “true” value) is in opposite direction to the Close.

2. Trade should be placed immediately on bars close that confirm #1.

3. Depends on TF, but almost always within just 1 or few bars.

4. No connection to the similarity/Disimilarity (which is just another fancy name for waves, in my opinion).

5.…[Read more]

I only use candles in cases of electric power failure, and to reduce babies fever. That’s where they belong.

G.