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this is in the where is it heading thread as it's not directly executable, worthy of study, I thought
a commonality of price movements break down after a while.
when theyre active they 'suggest' activity to come
I promise not to start a sentence with "this shocking one weird trick...."
the point is to look at different way of how one instrument might be assisting another
...a different way, that's all.....this might shift your bias, at least to the extent you'll be less fixated on one idea
if it shifts you into uncomfortable, great!
i've done many of these studies, however, tempered with some basic experience that price is dynamic
and find that basic tendencies of an auction remain.....basic.....and so do I
in the first pic is the current generic print a 5 min view
some symmetry, a channel .....simple stuff,
you could use this to argue a case that without this action in $DX gold would be much lower
inferring that if the $DX is in a longerterm uptrend then gold is ready to get pummeled,
if so, at what point is that likely to occur? the answer may lay in the second chart.
...at least the second chart might lend an idea to distance price needs to travel before those
questions get answered...... also inferring they are not, necessarily, the correct questions...
in the daily view the first move down is a 100% black box
the second move down is 161.8% of that first move
in the red boxes are a simple 1:1 ratio (theyre equal)
then the blue length merely hints that if the tendency to repeat, repeats, there's an end point
based on the repetition A (circled) x B(circled) = C(circled)
remember....it's.just.a.study!