AMPMonitor manual / usage
I am a trial user.
Is there a manual that explains all of the lines on the AMPMonitor website ?
I am looking at the latest completed EURUSD/D1/Bullish Butterfly pattern. What do the green lines (1, 1.13, 1.272 at the bottom mean (they are Fibs I understand. Fibs of AB=CD ?), What is the Red line of 1.272 ? What is the orange box ? what are the 2 parallel blue lines ?
Originally Posted by amatory
thanks for you interest.
Regarding the lines withing the orange box, these are differrent fibonacci measuements we use to build the PRZ. You have basicly collection of internal and external retracements, expansion and APP.
orange box is the place where D point can be located so the pattern is valid.
Blue lines are define TP1 and TP2 levels, Take Profit levels.
Regarding "In addition, what does "Ver 4" mean. 4 appears in the version section and also in the # section of the list. Refer to chart below." - over the years we come up that XABCD for price pattern is not enough and we analyse the internal pattern structure. Based on different internal structures we came up with differen version for some patterns.
Q colum is for private confirmations that we apply. Some of the confirmation methods are described on this forum. Check the Gartley pattern thread and the Confirmations there.
Last edited by kor4x; 12-13-2016 at 10:49 AM.